This study examined the relationship between corporate governance and performance of
mutual funds in Ghana during the 2008 to 2013 period. Using panel regression model,
the study found no significant relationship between board size, board composition as
well as fund size. However, a significant positive relationship has been found between
frequency of corporate board meetings and corporate performance, implying that boards
that meet more frequently tend to generate higher financial performance. Fund age was
also found to be negatively related to fund performance. As fund age progresses, riskadjusted returns decrease. The study also discovered a significant negative relationship
between gender diversity and fund performance.
This research is important because it shed new light on the principal-agent issue in the
mutual fund industry. Overall, the findings provided empirical support for agency theory,
which suggests that corporate boards that meet more frequently have increased capacity
to effectively advise, monitor and discipline management, and thereby improving firm
CDR, C (2021). CORPORATE GOVERNANCE AND PERFORMANCE OF MUTUAL FUNDS IN GHANA. Afribary.com: Retrieved April 14, 2021, from https://afribary.com/works/corporate-governance-and-performance-of-mutual-funds-in-ghana
Coalition, CDR. "CORPORATE GOVERNANCE AND PERFORMANCE OF MUTUAL FUNDS IN GHANA" Afribary.com. Afribary.com, 02 Apr. 2021, https://afribary.com/works/corporate-governance-and-performance-of-mutual-funds-in-ghana . Accessed 14 Apr. 2021.
Coalition, CDR. "CORPORATE GOVERNANCE AND PERFORMANCE OF MUTUAL FUNDS IN GHANA". Afribary.com, Afribary.com, 02 Apr. 2021. Web. 14 Apr. 2021. < https://afribary.com/works/corporate-governance-and-performance-of-mutual-funds-in-ghana >.
Coalition, CDR. "CORPORATE GOVERNANCE AND PERFORMANCE OF MUTUAL FUNDS IN GHANA" Afribary.com (2021). Accessed April 14, 2021. https://afribary.com/works/corporate-governance-and-performance-of-mutual-funds-in-ghana