Finance Research Papers/Topics

Macroeconomic Indicators Capital Structure Decisions And Profitability; A Panel Vector Autoregression Approach

ABSTRACT The study sought to examine the impact of macroeconomic indicators on the capital structure decisions of firms and also the causal relationship between capital structure and profitability within the Ghanaian context. A panel data covering a period from 2000 to 2012 for 27 nonfinancial firms listed on the Ghana Stock Exchange were analysed using the Panel Vector Autoregression (PVAR) approach to mitigate endogeneity problems and more importantly to examine the causal relationship bet...

Financial Inclusion, Monetary Policy, Financial Sector Development And Financial Regulation In Sub-Saharan Africa

ABSTRACT This thesis is made up of three stand-alone empirical chapters that examine the relationship among financial inclusion, monetary policy, financial sector development and financial regulation in Sub-Saharan Africa. Chapter two presents an overview of financial inclusion, monetary policy, financial sector development and financial regulation in Sub-Sahara Africa. The overview show that Sub-Saharan Africa stock markets are comparatively young undercapitalized and they are not liquid. Ne...

Investment Behaviour Of Informal Sector Workers In Ghana

ABSTRACT Studies on individual investments have not received much attention in Ghana. It is in the back drop of this the study was conducted to assess the investment behavior of informal sector workers in Ghana. The study was conducted through a survey of 200 informal sector workers. The study finds out that the informal sector workers prefer to invest in Thrift/Cooperative unions, mutual funds, treasury bills, fixed deposits, stocks and the last one being government bonds. The informal secto...

Impact of Foreign Aid On Poverty Reduction In Ghana.

ABSTRACT There have been various forms of foreign aid to developing countries of which Ghana is a beneficiary. Many theories have been attributed to the inception of foreign aid to less developed countries. In some researches, Foreign aid have been attributed to having a great impact on poverty reduction however, there are other studies which have come out with findings that show that foreign aid does not have an impact on poverty reduction. This research therefore seeks to examine the trends...

Impact of Foreign Aid On Poverty Reduction In Ghana

ABSTRACT There have been various forms of foreign aid to developing countries of which Ghana is a beneficiary. Many theories have been attributed to the inception of foreign aid to less developed countries. In some researches, Foreign aid have been attributed to having a great impact on poverty reduction however, there are other studies which have come out with findings that show that foreign aid does not have an impact on poverty reduction. This research therefore seeks to examine the trends...

An Analysis Of Loan Repayment Behaviour Among Students Loan Borrowers In Ghana

ABSTRACT The sustainability of the Student Loan Scheme in Ghana has been the downside of its operations since it was first introduced in 1971. The one major determinant of a successfully scheme is its ability to recover loans disbursed. In recent times, numerous government initiatives have resulted in the decline of government support to the scheme managers of the Students Loan Trust Fund (SLTF). This has called for appropriate strategizing of recovery activities by the scheme Managers in ord...

The Impact of Foreign Banks on Economic Growth in Ghana

ABSTRACT This study takes the finance-growth nexus further by looking at the direct and indirect impact of foreign banks on economic growth in Ghana. Using annual time series data from 1960 to 2013, the study examined the relationship between the share of foreign banks, bank competition and economic growth. The relationship between the share of foreign banks, bank competition and economic growth was established through the framework of endogenous growth model. In addition, the study employed...

Financial Literacy Of Small Business Owners, Financial Records Keeping And Enterprise Performance In The Tarkwa-Nsuaem Municipality

ABSTRACT The purpose of the study was to examine financial literacy of small business owners, financial records keeping and enterprise performance in the Tarkwa-Nsuaem Municipality of Ghana. Financial literacy level and operating performance of those enterprises as a measure of business economic performance was examined. In addition, the study examined financial records kept by small business owners. It was an explanatory study which employed quantitative methodology and survey strategy. Find...

Determinants Of Loan Default In Ut Bank

ABSTRACT Banks play very significant task in the fiscal life of every country. A strong and stable financial system, underpinned by sound macroeconomic management and prudential regulation, is an essential ingredient for sustained growth. A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. The main objective of this study is to identify the determinants of loan default using UT Bank as a case...

The Impact Of Financial Inclusion On Poverty Reduction in Some Selected Sub-Saharan Africa Countries

ABSTRACT This study set out to examine the impact of financial inclusion in poverty reduction in SubSaharan Africa. Using a representative sample of 40 countries from the region covering a period from 2010 to 2014, the study examines the level of financial inclusion among the countries in the region. Sarma’s (2008) approach was used in computing the index of financial inclusion for the 40 countries in the study. The study also examines the factors that determine financial inclusion in Sub...

Over-coming The Resource Curse: Does Resource Governance Matter ?

ABSTRACT The relationship between natural resource-richness and economic growth and development has been a focus of discussion for decades but recent debate was started in the 1990s. There has not been agreement as to how natural resources are vital to economic growth. This paper re-examines two main aspects of resource curse and growth literature, the first has to do with the measurement of natural resource endowment and economic growth while the second one has to do with the institutional...

The Impact Of Corporate Governance On Asset Quality Of Banks.A Case Of The Ghanaian Banking Sector

ABSTRACT This study set out to assessed the impact of governance variables on asset quality of Ghanaian banks. Using thirty-two banks operating in Ghana from 2006 to 2016, the study investigates how corporate governance can influence the quality of asset among banks. The study employed random estimation technique strategy. The findings for the study indicate that non-executive board member ratio has a significant inverse nexus on NPLs. The results suggest that the presence of outside director...

The Impact Of Health Insurance On Land-Related Investment In Agriculture: Evidence From Ghana

ABSTRACT Agriculture is labour intensive and output produced depends to a great extent on the readiness and value of the working labour. It has been observed that health shocks decrease the productivity and potential investments into agriculture, and perpetuates poverty among smallholder farmers. It is argued that, Health Insurance coverage for smallholder farmers can go a long way to ameliorate the impact of heath shocks and smoothen investments for farmers. However, little is known about th...

Exploring The Triggers Of Bank Runs In Ghana: Evidence From Consumers

ABSTRACT The study aims to explore the factors that drive panic withdrawal, the reasons for withdrawals and the further actions that bank clients take after withdrawing their deposits during the collapse of banks from an individual customer perspective. A cross-sectional data set was collected from 80 customers of banks in Ghana using a survey instrument. In total, 44 percent of respondents have accounts with at last one of the failed or collapsed banks. Overall, half of the respondents withd...

Determinants Of Capital Structure Of Micro, Small And Medium Scale Entreprises In The Adentan Municipality, Accra, Ghana

ABSTRACT One of the most critical impediments MSMEs face is the access to finance. This is largely due to the problem of information asymmetry associated with MSMEs. Financing decision is a vital issue for every small business, as its absence often leads to bankruptcy and failure of the business. Extant literature suggests that business owners often finance their firms with different debt-equity ratios. A practical question could be asked as to what factors influence such financing decisions?...


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