EconPapers    
Economics at your fingertips  
 

Corporate governance structure and shareholder wealth maximization

Kwadwo Prempeh () and Eugene Odartei-Mills

Perspectives of Innovation in Economics and Business (PIEB), 2015, vol. 15, issue 1, 1-30

Abstract: Over the past two decades the ideology of shareholder value has become entrenched as a principle of corporate governance among companies. A well-established corporate governance system suggests effective control and accounting systems, stringent monitoring, effective regulatory mechanism and efficient utilisation of firms’ resources resulting in improved performance. The object of the research presented in this paper is to provide empirical evidence on the effects of corporate governance on shareholder value maximization of the listed companies in Ghana. Data from ten companies listed on Ghana Stock Exchange covering the period 2003 –2007 were used and analysis done within the panel data framework. The dependent variables, dividend per share and dividend yield are used as a measure of shareholder wealth maximization and the relation between corporate governance and shareholder wealth maximization is investigated. The regression results show that both the board size and the independence have statistically significant relationship with shareholder wealth maximization.

Keywords: Corporate governance; shareholder wealth; dividend; wealth maximization; Ghana Stock Exchange (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://academicpublishingplatforms.com/downloads/ ... mization_pp.1-30.pdf (application/pdf)
https://academicpublishingplatforms.com/article.ph ... mber=21&article=2214

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrpieb:v:15:y:2015:i:1:p:1-30

Access Statistics for this article

Perspectives of Innovation in Economics and Business (PIEB) is currently edited by Jan Beseda

More articles in Perspectives of Innovation in Economics and Business (PIEB) from Prague Development Center Contact information at EDIRC.
Bibliographic data for series maintained by Jaroslav Holecek ( this e-mail address is bad, please contact ).

 
Page updated 2025-03-19
Handle: RePEc:pdc:jrpieb:v:15:y:2015:i:1:p:1-30