ARTICLE
TITLE

Does Corporate Governance Structures Predict Firm’s Market Value? Empirical Evidence from Ghana

SUMMARY

This paper examined the effect of corporate governance structures on the market value of firms in Ghana. Quantitative data was collected on thirty-one firms listed on the Ghana Stock Exchange from 2009 to 2018 to predict the effect of corporate governance structures on the firm’s market value. Panel data regression analysis revealed that corporate governance structures accounted for 84.9% of the variation of a firm’s market value for the period. Furthermore, the study revealed a significant relationship between CEO duality, Non-executive director, board size and firm’s profitability and value. The study concludes that firms should separate CEO position from board chairman position to enhance a firm’s profitability and value.Keywords: Agency theory, Board size, Corporate governance, Duality, FirmsJEL Classifications: G32, G34, O16DOI: https://doi.org/10.32479/ijefi.8874

PAGES
pp. 52 - 58
COLLECTIONS
Economy

 Articles related

Arl Jonathan Paulalengan, Ni Made Dwi Ratnadi    

The purpose of this study examines the effect of financial distress, company age, and good corporate governance on the speed of publication of annual financial statements. This research was focused in the food and beverage companies listed on Indonesia S... see more


Desak Made Dwi Januari, I Made Sadha Suardikha    

Effective Tax Rate (ETR) is used in the measurement of tax avoidance which shows the income tax expense paid by the company from the total income before tax obtained by the company. The population used in this study were all manufacturing companies liste... see more


Jesica Santoso,Mariana Ing Malelak    

This research is aim to discover the impact of corporate governance and capital structure on profitability. Corporate governance consists of board size, ownership concentration and board’s financial expertise, while capital structure consist of debt... see more


Rashidi Amin,Amrie Firmansyah    

This study aims to examine the influence of cash holding, leverage and political connections (CSR) on earnings quality. In addition, the moderating role of corporate social responsibility in the relationship between the variables also examined. Data were... see more


Cut Nadhirah Faisal,Yossi Diantimala,Dinaroe Dinaroe    

The purpose of this study is to provide a comparative analysis of the quality of Corporate Internet Financial Reporting (CIFR) practices in the Asia Pacific. It examines the impact of firm size, listing age, internationalization, and auditor size on CIFR... see more