scholarly journals Impact of Ethical Behavior on Financial Performance of Firms Listed on Ghana Stock Exchange.

2021 ◽  
Keyword(s):  
Financial Performance ◽  
Ethical Behavior ◽  
Stock Exchange ◽  
Ghana Stock Exchange

scholarly journals The Impact of Economic Indicators on Financial Performance of Non-financial Firms on Ghana Stock Exchange

2020 ◽  
pp. 151-169
Author(s):  
Mary Donkor ◽  
Yusheng Kong ◽  
Stephen Kwadwo Antwi ◽  
Mohammed Musah ◽  
Florence Appiah Twum
Keyword(s):  
Financial Performance ◽  
Inflation Rate ◽  
Positive Impact ◽  
Stock Exchange ◽  
Economic Indicators ◽  
Company Size ◽  
Sales Growth ◽  
Financial Firms ◽  
Ghana Stock Exchange ◽  
The Impact

Financial performance is one of the basic indicators that investors and creditors check in accessing the performance of firms. The purpose of this paper is to empirically examine the impact of economic indicators on financial performance of quoted non-financial firms on the Ghana Stock Exchange (GSE). The study focuses on the impact of RealGDP, Exchange rate, Inflation, Unemployment and Interest rate as determinant of economic indicators whereas Sales growth, Company size, Leverage and Efficiency from firms specific are used as controlled variables in checking the effect of these indicators on financial performance of these firms. ROA and ROE were used as proxies for financial performance of the listed firms. The study employed a panel data of 21 listed non-financial firms from the period of 2008 to 2017. The result revealed that Real GDP and inflation have significant positive impact on ROE. On the contrarily, economic indicators used for this study showed no level of significance with ROA. Company size recorded positive and negative significant impact on ROA and ROE respectively, sales growth and efficiency were statistically significant with ROA. The study recommends government and regulatory authorities to come out with good policies that will help boost the economic activities in the country and drop inflation rate since they have the tendency of affecting non-financial firms’ performance. Moreover, management must ensure full utilization of its internal resources by focusing on diversification and expansion since company size, efficiency and sales growth affect the return on assets and equity of firms. In addition, management should warily consider inflation rate when making financial decision due to its impact on financial performance.

scholarly journals Examining the Economic Interaction between Liquidity and Firms’ Financial Performance: Evidence from the Ghana Stock Exchange

2020 ◽  
pp. 34-46
Author(s):  
Joseph Antwi Baafi ◽  
John Kwame Duodu ◽  
Eric Effah Sarkodie ◽  
Williams Kwasi Boachie
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Interactive Effects ◽  
Return On Equity ◽  
Positive Effects ◽  
Return On Capital ◽  
Economic Interaction ◽  
Ghana Stock Exchange ◽  
Share Value

This study examined the economic interaction between liquidity and financial performance of manufacturing firms listed on Ghana Stock Exchange (GSE). Specifically, the study sought to examine the relationship between liquidity as measured by current ratio, quick ratio and cash ratio and firms’ financial performance as measured by return as assets, return on equity and return on capital employed and determine the interactive effects on share value of firms. Data extracted from the audited and published annual reports of twenty-one (21) firms for the period 2008 to 2019 was used for the study. The study used correlation analysis for relationship and ANCOVA modeling for interactive effects. The study found that there was a weak positive statistically significant relationship between return on assets and measures of liquidity; there was a weak positive statistically insignificant relationship between return on equity and measures of liquidity; there was a weak negative statistically insignificant relationship between return on capital employed and measures of liquidity. The study also found positive effects of liquidity and performance on share value. However, the magnitude of interactive effect of liquidity and firm’s performance was much higher that the single effects. Based on the findings, the study recommended among others that authorities in listed manufacturing firms in Ghana should try and maintain an ideal level of liquidity that can meet their firms’ operational needs

scholarly journals Social and Environmental Accounting Reporting and Financial Performances in Ghana

2019 ◽  
Vol 11 (4) ◽  
pp. 82
Author(s):  
Li KaoDui ◽  
Zou Muyun ◽  
Osei-Assibey Bonsu Mandella
Keyword(s):  
Financial Performance ◽  
Corporate Strategy ◽  
Stock Exchange ◽  
Environmental Accounting ◽  
African Countries ◽  
Positive Correlation ◽  
Reporting Practices ◽  
The Social ◽  
Corporate Social ◽  
Ghana Stock Exchange

The paper seeks to ascertain the effects of social and environmental accounting disclosure on the financial performance of companies registered on the Ghana Stock Exchange over the period of three years from 2015 to 2017. The study similarly seeks to determine the extents of social and environmental accounting issues reported and finally document the extent to which companies included SEAR issues in their corporate strategy plan in Ghana. The study used secondary data from a published corporate annual statements of all the registered companies on the Ghana Stock Exchange. A regression model and t-test were used to ascertain the effects of social and environmental accounting reporting on firm’s financial performance. However, questionnaires and content analysis were also used in company reports as a system to measure the degree and nature of corporate social accounting reporting as maintained by the number of words disclosed over the three periods. Results shows that there is a positive correlation between CSR score measuring the social and environmental accounting practices and the company's financial performance registered on the Ghana Stock Exchange. Thus, the effects are insignificant. However, the findings show that companies in Ghana are now hugging social and environmental accounting reporting practices since the course of adoption of SEAR was above 60% from 2015 to 2017. The positive correlation between social and environmental accounting and reporting and companies financial performance specify reliable step pace for top managers in companies grasp and embrace social and environmental accounting reporting practices in Ghana, West African countries and all developing Africa countries. The study backs to the literature and information of corporate social and environmental accounting in West Africa and all developing Africa countries. Besides, it also may be terrific to corporate institutions for comprehension of the social responsibilities be obliged to their stakeholders and community in general.

Pengaruh Kinerja Keuangan Dan Corporate Social Responsibility (CSR) Terhadap Nilai Perusahaan Perbankan Di Bursa Efek Indonesia

2018 ◽  
Vol 26 (1) ◽  
pp. 95-111
Author(s):  
Sulastiningsih Sulastiningsih ◽  
Rizka Imanita Sholihati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Firm Value ◽  
Research Method ◽  
Quantitative Research ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Corporate Social

This study aims to determine whether the financial performance measured by using CAR, ROA, LDR, BOPO, and CSR can affect the value of banking companies as measured by using PBV. This study uses secondary data taken from the annual report of banking companies during the year 2012-2016 listed on the Indonesia Stock Exchange. The number of samples of this study as many as 25 banking companies with a total of 125 data. This research method is quantitative research. The results of this study indicate the effect of CAR, ROA, LDR, BOPO, and CSR variables on firm value measured by using PBV in a banking company listed on the Indonesia Stock Exchange. Keywords: CAR, ROA, LDR, BOPO, CSR, PBV

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