Corporate Governance as a Catalyst to Performance of Banks in Ghana: The Moderating Role of Firm Controls and Strategy

Clement Dodoo, Fred A. Yamoah () and Adnan ul Haque
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Clement Dodoo: Equity Group Holdings PLC
Fred A. Yamoah: Birkbeck, University of London
Adnan ul Haque: Yorkville University

A chapter in Corporate Management Ecosystem in Emerging Economies, 2023, pp 79-97 from Springer

Abstract: Abstract The aim of the study was to understand the effect of the corporate governance variables on a bank’s financial performance. Moreover, the study focused on evaluating the relationship between bank’s financial performance and board characteristics in Ghana along with determining the moderating role of firm controls and its strategy in the relationship between a bank’s financial performance and board characteristics in Ghana. The study employed a quantitative approach. The study targeted four hundred (400) management associates using the purposive sampling technique, via a structured questionnaire for the quantitative analysis. The target respondents were management of commercial banks in Ghana. The study revealed a positive relationship amid financial performance and board characteristics such as board size and composition, whereas firm control moderates the positive relationship between financial performance and board size, composition, and foreign ownership. Moreover, the study reveals a need for establishing a connection between the top managerial staff and the executives. Founded on actualizing, the expansion of money-related executives will lead to greater corporate administration. This study further established that increasing the proportion of non-executive directors on the board can bring more independence and objectivity to decision-making related to strategy and governance.

Keywords: Corporate governance; Board characteristics; Board size; Board composition; Foreign ownership; Firm controls; Firm strategy; Financial performance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-41578-4_6

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DOI: 10.1007/978-3-031-41578-4_6

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