Capital structure and the performance of life insurance companies in ghana: mediating role of interest rate
| dc.contributor.author | ADJEI HILDA | |
| dc.date.accessioned | 2024-01-23T09:32:34Z | |
| dc.date.available | 2024-01-23T09:32:34Z | |
| dc.date.issued | 2023 | |
| dc.description | This thesis is submitted to the Kwame Nkrumah university of science and technology, Kumasi in partial fulfillment of the requirement for the award of mba finance | |
| dc.description.abstract | In Ghana, strategic decisions on the right mix of capital structure are absent among life insurance firms, enabling many life insurance companies to fall entirely into debt, adversely affecting the performance and, eventually, the survival of life insurance companies within the Ghanaian insurance market. The main objective of this study is to examine the impact of capital structure on the performance of life insurance companies in Ghana. To achieve this, the study employs the dynamic panel data model of analysis on 25 life insurance firms and time series ranging from 2015 to 2020. The study reports that the debt-to-equity ratio has a significant negative impact on the performance of life insurance firms, whereas the debt-to-asset ratio shows an insignificant negative impact on the performance of the lics. In appendage, the interest rate is reported to have an insignificant negative impact on the performance of lics. Finally, regarding the mediating role of interest rate, debt-to-equity has a significant positive impact on the performance of lics whereas debt-to-asset ratio has an insignificant positive impact on the performance of the lics in Ghana. The study, therefore, recommends that lics should consider more leverage in their capital structure decisions for improved performance. | |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/15307 | |
| dc.language.iso | en | |
| dc.publisher | KNUST | |
| dc.title | Capital structure and the performance of life insurance companies in ghana: mediating role of interest rate | |
| dc.type | Thesis |