Please use this identifier to cite or link to this item:
http://hdl.handle.net/123456789/6000
Title: | Corporate governance, ownership structure, cash holdings, and firm value on the Ghana Stock Exchange |
Authors: | Isshaq, Zangina Bokpin, Godfred A. Onumah, Joseph Mensah |
Keywords: | Corporate governance Corporate ownership Share prices Ghana |
Issue Date: | 2009 |
Publisher: | University of Cape Coast |
Abstract: | Purpose – The purpose of this paper is to examine the interaction between corporate governance, ownership structure, cash holdings, and firm value on the Ghana Stock Exchange. Design/methodology/approach – A multiple regression approach using the seemingly unrelated regression to mitigate the problems of multicollinearity between the cash-holding variable and other control variables is adopted. Findings – Board size is found to be positively and statistically significantly related to share price among the corporate governance variables. However, a significant relationship between inside ownership and share price is not found. The results also indicate that additional units of cash holdings do not have a statistically significant influence on share price. Finally, leverage and income volatility are found to be significant determinants of share price. Originality/value – This is the first of its kind in the country that considers the impact of corporate governance, ownership structure, and firm value on the Ghana Stock Exchange (GSE). |
Description: | 12p |
URI: | http://hdl.handle.net/123456789/6000 |
Appears in Collections: | Department of Accounting & Finance |
Files in This Item:
File | Description | Size | Format | |
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Corporate governance, ownership structure, cash holdings, and firm value on the ghana stock exchange.pdf | Article | 77.74 kB | Adobe PDF | View/Open |
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