The efficiency of the financial system and its architecture is vital to the economic growth of ev... more The efficiency of the financial system and its architecture is vital to the economic growth of every country. Efficient financial largely ensures efficient firm capitalization, optimal capital investment decision making and risk management as such market through publicly available information has the ability assess whether the financial and investment approach adopted by banks are the best and detect signs of financial soundness. The market price of publicly traded securities issued by a bank reflects the latest market assessment of the bank’s financial condition. In recent years there have been paradigm shift in effort of stakeholders in the financial market to greatly rely on market forces to prevent banking crisis. This require bank supervisors, to a higher degree, count on market discipline as it has been identified that “the real pre-safety-net” emanate from the market and it served as the first line of defense. From the perspective of market discipline theorist, the market ca...
The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companie... more The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companies on the Ghana's capital market over the period 2010 to 2014.It observed that women are poorly represented on the corporate boards of listed firms in Ghana. Highest female board representation was the financial services industry with 16%. Trading, Pharmaceutics and IT industries appointed only 1% female to boards, Automobile industry had none. Age and female board representation relationship depicts a trigonometric function in nature, younger firms tend to appoint more women than firms established forty years ago. Age of listing and female board representation depicts quadratic function in nature, as firms initially enters capital market, female board representation increased and falls overtime. Local firms appointed 38%, whiles multinationals appointed 62% female boards. Multinationals appointed more women to boards in Ghana. Regression analyses observed that, a unit increase in the...
This article developed and validated work place integrity scale that are applicable across indust... more This article developed and validated work place integrity scale that are applicable across industries. Responded questionnaire perceived to contribute to integrity were subjected to principal components analysis. Overall Cronbach's alpha coefficient of 0.843 was reported. The Kaiser-Meyer-Olkin value was 0.887, whiles the Bartlett's Test of Sphericity reached statistical significance, supporting the use of factor analysis. Total variance explained initially, revealed the presence of six components with eigenvalues 24.973%, 8.309%, 5.045%, 4.843%, 4.077%, 3.969% of the variance respectively contributing to a cumulative variance of 51.2%. Using Cattell's scree test, it was decided to retain components 1&2 for further investigation. To aid in the interpretation of these two components, oblimin rotation was performed which resulted in a simple pattern matrix with 2 components showing a number of strong loadings. The resulted component correlation matrix was very strong (0.346). The two-component solution explained a total of 33.2% of the variance, with Component 1 contributing 24.9% and Component 2 contributing 8.3%. The resulted pattern matrix relating to component 1 supports the non-usage of inducement to assess the integrity of a person, whiles component 2 support the use of inducement to assess the integrity of a person.
The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companie... more The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companies on the Ghana's capital market over the period 2010 to 2014.It observed that women are poorly represented on the corporate boards of listed firms in Ghana. Highest female board representation was the financial services industry with 16%. Trading, Pharmaceutics and IT industries appointed only 1% female to boards, Automobile industry had none. Age and female board representation relationship depicts a trigonometric function in nature, younger firms tend to appoint more women than firms established forty years ago. Age of listing and female board representation depicts quadratic function in nature, as firms initially enters capital market, female board representation increased and falls overtime. Local firms appointed 38%, whiles multinationals appointed 62% female boards. Multinationals appointed more women to boards in Ghana. Regression analyses observed that, a unit increase in the ratio of women on a firm's board, return on equity increased proportionately by 21.6.Additionally, a unit increase in female board ratio, net profit margin increased proportionately by 18.2.
The efficiency of the financial system and its architecture is vital to the economic growth of ev... more The efficiency of the financial system and its architecture is vital to the economic growth of every country. Efficient financial largely ensures efficient firm capitalization, optimal capital investment decision making and risk management as such market through publicly available information has the ability assess whether the financial and investment approach adopted by banks are the best and detect signs of financial soundness. The market price of publicly traded securities issued by a bank reflects the latest market assessment of the bank’s financial condition. In recent years there have been paradigm shift in effort of stakeholders in the financial market to greatly rely on market forces to prevent banking crisis. This require bank supervisors, to a higher degree, count on market discipline as it has been identified that “the real pre-safety-net” emanate from the market and it served as the first line of defense. From the perspective of market discipline theorist, the market ca...
The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companie... more The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companies on the Ghana's capital market over the period 2010 to 2014.It observed that women are poorly represented on the corporate boards of listed firms in Ghana. Highest female board representation was the financial services industry with 16%. Trading, Pharmaceutics and IT industries appointed only 1% female to boards, Automobile industry had none. Age and female board representation relationship depicts a trigonometric function in nature, younger firms tend to appoint more women than firms established forty years ago. Age of listing and female board representation depicts quadratic function in nature, as firms initially enters capital market, female board representation increased and falls overtime. Local firms appointed 38%, whiles multinationals appointed 62% female boards. Multinationals appointed more women to boards in Ghana. Regression analyses observed that, a unit increase in the...
This article developed and validated work place integrity scale that are applicable across indust... more This article developed and validated work place integrity scale that are applicable across industries. Responded questionnaire perceived to contribute to integrity were subjected to principal components analysis. Overall Cronbach's alpha coefficient of 0.843 was reported. The Kaiser-Meyer-Olkin value was 0.887, whiles the Bartlett's Test of Sphericity reached statistical significance, supporting the use of factor analysis. Total variance explained initially, revealed the presence of six components with eigenvalues 24.973%, 8.309%, 5.045%, 4.843%, 4.077%, 3.969% of the variance respectively contributing to a cumulative variance of 51.2%. Using Cattell's scree test, it was decided to retain components 1&2 for further investigation. To aid in the interpretation of these two components, oblimin rotation was performed which resulted in a simple pattern matrix with 2 components showing a number of strong loadings. The resulted component correlation matrix was very strong (0.346). The two-component solution explained a total of 33.2% of the variance, with Component 1 contributing 24.9% and Component 2 contributing 8.3%. The resulted pattern matrix relating to component 1 supports the non-usage of inducement to assess the integrity of a person, whiles component 2 support the use of inducement to assess the integrity of a person.
The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companie... more The article examined Board Gender Diversity and Firm Performance. Covering the 34 listed companies on the Ghana's capital market over the period 2010 to 2014.It observed that women are poorly represented on the corporate boards of listed firms in Ghana. Highest female board representation was the financial services industry with 16%. Trading, Pharmaceutics and IT industries appointed only 1% female to boards, Automobile industry had none. Age and female board representation relationship depicts a trigonometric function in nature, younger firms tend to appoint more women than firms established forty years ago. Age of listing and female board representation depicts quadratic function in nature, as firms initially enters capital market, female board representation increased and falls overtime. Local firms appointed 38%, whiles multinationals appointed 62% female boards. Multinationals appointed more women to boards in Ghana. Regression analyses observed that, a unit increase in the ratio of women on a firm's board, return on equity increased proportionately by 21.6.Additionally, a unit increase in female board ratio, net profit margin increased proportionately by 18.2.
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