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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/10481

Title: The Effects Of Corporate Governance on the Performance of Banking Institutions Listed On The Ghana Stock Exchange.
Authors: Dwumah, Michael
Issue Date: 1-Feb-2017
Abstract: Earlier studies on the Ghana stock exchange failed to consider the effect of management skills on the performance of banking institutions and how corporate governance affects the market share of financial institutions. The study also examines the nature of board structure of the banking institutions for the period under investigations. Five banks (5) out of total number of twenty eight (28), on the Ghana Stock Exchange were used for the periods 2010 to 2014 based on the availability of data. Secondary data on meeting frequency, audit committee, management skills and board composition were obtained from the annual reports of firms and the Ghana Stock Exchange facts book. The fixed effect regression technique was used to examine the effect of corporate governance on banking performance. A positive and significant relationship was found in the case of audit committee and management skills. Meeting frequency and board composition also register negative relationships with bank performance. Firm size, inflation and debt ratio recorded no significant relationships with banking performance. The result suggests that weak practices in the governance of selected banks in the Ghana Stock Exchange. These include but not limited to: failure to reduce the number of meetings held, and the dominance of the outside directors without the requisite skills related to banks. To address the challenges enumerated, it is recommended that banks should review the role and contribution of non-executive directors to ensure that all directors have a sound understanding of the bank’s operations. It is also important to ensure that directors have access to all the information required to function effectively. Auditing of financial statements must be tightened to meet the agreed International Accounting Standards.
Description: A Thesis submitted to the Department of Economics of the College of Social Sciences and Humanities, Kwame Nkrumah University of Science and Technology, in partial fulfillment of the requirement for the award of Master of Science Degree in Economics, 2016
URI: http://hdl.handle.net/123456789/10481
Appears in Collections:College of Arts and Social Sciences

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