The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in Ghana
The paper examines the impact of corporate governance and financial disclosure on the financial performance of banks in Ghana. Corporate governance was measured by three variables: board size, CEO duality, and board composition. Financial disclosure was also measured by timeliness, bank size, and q...
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| Format: | Article |
| Language: | English |
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Noyam Journals
2022-11-01
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| Series: | E-Journal of Humanities, Arts and Social Sciences |
| Subjects: | |
| Online Access: | https://noyam.org/ehass20223125/ |
| _version_ | 1797724100900159488 |
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| author | Collins Yaw Kwarteng |
| author_facet | Collins Yaw Kwarteng |
| author_sort | Collins Yaw Kwarteng |
| collection | DOAJ |
| description | The paper examines the impact of corporate governance and financial disclosure on the financial performance of banks in Ghana. Corporate governance was measured by three variables: board size, CEO duality, and board composition. Financial disclosure was also measured by timeliness, bank size, and quality of auditors. Financial performance, as the dependent variable, was measured by return on assets (ROA), and return on equity (ROE). The study used panel data from 18 commercial banks operating within the Ghanaian banking industry, both listed and unlisted, over a ten-year period (2009 to 2018). A random-effects regression model was used, and the results revealed that board size, timeliness, and quality of auditors were statistically significant and positively related to return on assets. Board composition, however, had a significant negative relationship with return on assets. There was no significant association between bank size and return on assets. Moreover, the findings of the study showed that board size and bank size had a positive and significant relationship with return on equity. Board composition and timeliness were however negative and statistically related to the return on equity. There was no significant nexus between the quality of auditors and return on equity. The study findings place emphasis on the combined effect of corporate governance and financial disclosure on financial performance, particularly within the banking industry in Ghana. |
| first_indexed | 2024-03-12T10:12:32Z |
| format | Article |
| id | doaj.art-359198e26d274a63a101ecab446d98b9 |
| institution | Directory Open Access Journal |
| issn | 2720-7722 |
| language | English |
| last_indexed | 2024-03-12T10:12:32Z |
| publishDate | 2022-11-01 |
| publisher | Noyam Journals |
| record_format | Article |
| series | E-Journal of Humanities, Arts and Social Sciences |
| spelling | doaj.art-359198e26d274a63a101ecab446d98b92023-09-02T10:44:45ZengNoyam JournalsE-Journal of Humanities, Arts and Social Sciences2720-77222022-11-01312572588https://doi.org/10.38159/ehass.20223125The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in GhanaCollins Yaw Kwarteng0https://orcid.org/0000-0002-5760-4580Finance Office, Kwame Nkrumah University of Science and Technology (KNUST), Kumasi, Ghana.The paper examines the impact of corporate governance and financial disclosure on the financial performance of banks in Ghana. Corporate governance was measured by three variables: board size, CEO duality, and board composition. Financial disclosure was also measured by timeliness, bank size, and quality of auditors. Financial performance, as the dependent variable, was measured by return on assets (ROA), and return on equity (ROE). The study used panel data from 18 commercial banks operating within the Ghanaian banking industry, both listed and unlisted, over a ten-year period (2009 to 2018). A random-effects regression model was used, and the results revealed that board size, timeliness, and quality of auditors were statistically significant and positively related to return on assets. Board composition, however, had a significant negative relationship with return on assets. There was no significant association between bank size and return on assets. Moreover, the findings of the study showed that board size and bank size had a positive and significant relationship with return on equity. Board composition and timeliness were however negative and statistically related to the return on equity. There was no significant nexus between the quality of auditors and return on equity. The study findings place emphasis on the combined effect of corporate governance and financial disclosure on financial performance, particularly within the banking industry in Ghana.https://noyam.org/ehass20223125/corporate governancefinancial disclosurefinancial performancecommercial banks. |
| spellingShingle | Collins Yaw Kwarteng The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in Ghana E-Journal of Humanities, Arts and Social Sciences corporate governance financial disclosure financial performance commercial banks. |
| title | The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in Ghana |
| title_full | The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in Ghana |
| title_fullStr | The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in Ghana |
| title_full_unstemmed | The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in Ghana |
| title_short | The Impact of Corporate Governance and Financial Disclosure on Financial Performance: A study of panel data from 18 Commercial Banks in Ghana |
| title_sort | impact of corporate governance and financial disclosure on financial performance a study of panel data from 18 commercial banks in ghana |
| topic | corporate governance financial disclosure financial performance commercial banks. |
| url | https://noyam.org/ehass20223125/ |
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