Finance Research Papers/Topics

CAPITAL STRUCTURE AND PROFITABILTY OF SELECTED NONFINANCIAL FIRMS ON THE GHANA STOCK EXCHANGE

ABSTRACT The study investigated the relationship between capital structure and profitability of listed non-financial firms in Ghana, covering a seven-year period (2002-2008). Capital structure theories provided theoretical basis for the work. The study adopted the panel data methodology to examine the effects of capital structure on the profitability of twenty selected non-financial firms. The general least square technique was used as an estimation technique for the study. Financial statemen...

THE CONTRIBUTION OF CREDIT UNION OPERATIONS TO ITS MEMBERS’ DEVELOPMENT: A SURVEY FROM NKORANZA AREA TEACHERS CREDIT UNION

ABSTRACT The role of Credit unions in Ghana cannot be overemphasized. This motivated the researcher to investigate and establish the impact of credit union operations on its members’ development. To achieve this, quantitative approach through the use of explanatory design was adopted. Questionnaires with reliability alpha coefficient of .806 were used to collect responses from selected respondents. The data were analysed with the help of the Statistical Package for Social Sciences (SPSS v...

Impact of Liquidity on Rural and Community Banks Profitability in the Eastern Region of Ghana

ABSTRACT Despite the major role played by rural and community banks in economic development and in the financial climate, their performance over a decade now have not been up to expectations. They continue to experience huge challenges due to innovations in technology as well as globalization which create opportunities for growth. The purpose of this study was to examine the impact of liquidity on rural and community banks in the Eastern Region of Ghana selected from eleven (11) banks for t...

MACROECONOMIC FACTORS AND FOREIGN DIRECT INVESTMENT IN GHANA

ABSTRACT The thesis examined the effect of macroeconomic factors on foreign direct investment inflows to Ghana. It specifically examines a few selected macroeconomic variables that have either a direct or indirect relationship with foreign direct investment in Ghana. The principal objective of this study was to empirically analyse the effect of macroeconomic variables on foreign direct investment in Ghana between 1993 to 2013. Secondary data are used in this study. Time series data for the pe...

EXAMINING THE RELATIONSHIP BETWEEN FINANCIAL LITERACY AND PERSONAL SAVINGS AMONG INDIVIDUALS IN ADEISO

ABSTRACT The study examined the relationship between financial literacy and personal savings among individuals in Adeiso. The study used descriptive design in the quantitative approach. Stratified sampling technique was used to select 300 respondents (nurses, teachers and SME operators) in Adeiso of which questionnaires were administered to them. Furthermore, the data was analyzed with the help of statistical software known as Statistical Product for Service Solution (SPSS version 21.0) and i...

FINANCIAL LITERACY AND RETIREMENT PLANNING AMONG EMPLOYEES AT GHANA GRIPD COMPANY

ABSTRACT In the 21st century, retirement planning is an evitable aspect of employees’ financial decisions. Employees who are financially literate have been found to have healthy lives during retirement while financially illiterate employees struggle to survive during that period. It is in this light that, the study examined the effect of financial literacy on retirement planning among employees at Ghana Grid Company (GRIDCO). The study employed the quantitative approach and causal research ...

EFFECT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN GHANA: AN EMPIRICAL INVESTIGATION

ABSTRACT The study investigates the relationship between exchange rate volatility and economic growth in Ghana using quarterly data from 1990 to 2012, by means of the Autoregressive Distributed Lag (ARDL) approach and the Granger causality test. The study found a unique cointegrating relationship between economic growth and exchange rate volatility. The regression results show that exchange rate volatility exerts negative and statistically significant effects on economic growth both in the sh...

The Contribution of Credit Union Operations to Its Members' Development: A Survey from Nkoranza Area Teachers Credit Union

ABSTRACT The role of Credit unions in Ghana cannot be overemphasized. This motivated the researcher to investigate and establish the impact of credit union operations on its members’ development. To achieve this, quantitative approach through the use of explanatory design was adopted. Questionnaires with reliability alpha coefficient of .806 were used to collect responses from selected respondents. The data were analysed with the help of the Statistical Package for Social Sciences (SPSS ver...

TRADE OPENNESS AND FINANCIAL DEVELOPMENT IN SUBSAHARAN AFRICA: THE ROLE OF INSTITUTIONAL QUALITY

ABSTRACT The financial development of many Sub-Saharan African countries over the years has not been able to match up with other regions like the Middle East and North Africa, East Asia and Pacific, and Europe and central Asia (IMF, 2016). Trade openness has been argued in several empirical literature as a factor that could spur up the level of financial development, although the high levels of trade openness in Sub-Saharan Africa is not contributing much to the desired levels of financial de...

CORPORATE GOVERNANCE, OWNERSHIP AND PROFIT PRODUCTIVITY CHANGE: EVIDENCE FROM UNIVERSAL BANKS IN GHANA

ABSTRACT Corporate governance generally look at the financial, market and efficiency performance of banks, however this study attempts to focus on bank productivity and corporate governance. The current study identifies the effect of corporate governance on bank productivity change of foreign-owned and domestic banks. The study adopts the nonparametric DEA-based Luenberger productivity indicator by Chamber, Chung and Fare (1996) to estimate bank productivity of twenty nine universal banks in ...

THE EFFECT OF FINANCIAL LITERACY ON SAVINGS AND INVESTMENT OF PUBLIC SECTOR WORKERS IN THE AJUMAKO ENYAN ESSIAM DISTRICT

ABSTRACT The interest in financial literacy has increased globally because it enhances financial security, wealth creation and excellent portfolio choice for the individual. The study was set up to investigate financial literacy and the practice of saving and investment by public sector workers in the Ajumako Enyan Essiam district of the Central region of Ghana. Frequency distributions, percentage, contingency tables and bar charts have been employed to show the results in the study conducted...

IMPACT OF SOCIAL MEDIA ADVERTISING ON THE PROFITABILITY OF SMEs IN GHANA'S RETAIL INDUSTRY

ABSTRACT The advent of social media platforms has been considered as one of the breakthroughs in e-business. Firms around the globe have capitalized on social media to market their products. This study sought to examine how social media usage has influenced the profitability of SMEs in Ghana, using SMEs in Accra as a case study. In attempt to address the study objectives, a mixmethodology research was adopted. Thus, the study collected both quantitative and qualitative data to explore th...

Effect of Exchange Rate Pass Through on Domestic Price Levels in Ghana

ABSTRACT The main purpose of this study was to examine the effect of exchange rate (Cedi to the Dollar) movement on the prices of domestic goods and services in Ghana using time series over the period 2005 to 2015. The quest to conduct this study was to enable an estimation of the rate of any pass-through, and its proportionality to inflation levels in Ghana using exchange rate, interest rates, and monetary policy rate. The study was to establish the effect of exchange rate, interest rates a...

Financial Literacy and Financial Behaviour of College of Education Students in the Central Region of Ghana

ABSTRACT The study investigated the level of financial literacy and financial behaviour of College of Education students in the Central Region of Ghana. The objectives that supported this study were to assess the financial literacy level of College of Education Students in relation to sex and level of study. The study also examined the relationship between financial literacy and financial behaviour of College of Education Students in the Central Region of Ghana. The study employed descriptiv...

External Debt and Economic Growth in Sub-Saharan Africa: The Role of Country-Level Governance Structures

ABSTRACT Sub-Saharan African countries have experienced a decline in its economic growth rate due to delayed and still limited policy adjustments in the region, with a consequent rise in public debt and deteriorating international reserves. External debt and governance have been argued to impact a country’s economic growth. The study assessed the role of country-level governance structures in the relationship between external debt and economic growth using a panel of 38 Sub-Saharan African...


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