Analysis of Personality Related Corporate Governance Factors and Performance of Ghana Club 100 Companies

Authors

  • Patrick Obeng Danso  School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu, P.R. China
  • Yusheng Kong  School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu, P.R. China
  • Michael Owusu Akomeah  School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu, P.R. China and School of Business, Ghana Technology University College, Private Mail Bag, Accra-North
  • Stephen Owusu Afriyie  School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu, P.R. China

DOI:

https://doi.org//10.32628/CSEIT206239

Keywords:

Corporate Governance Factors, CEO, Return on Asset, Augmented Dickey-Fuller, Ordinary Least Squares , Vector Error Correction Model

Abstract

The extant literature shows that when the CEO of a firm is the same as the chairman of the board of directors it is more likely to affect independence of the board and the management of the establishment. For this reason business organization ensure independence of the two persons in order to reduce the propensity for conflict of interest in the organization. The objective of this study is to establish the veracity in the claim that personality related factors of corporate governance exert significant influence on performance of forms. Hypothesis 1 is accepted because the analysis shows that CEO Duality has a negative influence on return on asset hence performance of firm. Similarly hypothesis 1b is also affirmed considering that a unit increase in CEO Succession also negatively influences the performance of firms in terms of their return on assets. The influence of board gender composition on the return on assets or firm performance as postulated in hypothesis 1c has also been affirmed by the positive and statistically significant relationships analysed in this study. The findings of this research do not support the influence of board educational level and board experience as a significant factor in stimulating the performance of firms. This is because both results returned a p value less than 0.05 at 95% confidence interval.

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IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology

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Published

2020-04-30

Issue

Volume 6, Issue 2, March-April-2020

Section

Research Articles

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How to Cite

[1]
Patrick Obeng Danso, Yusheng Kong, Michael Owusu Akomeah, Stephen Owusu Afriyie, " Analysis of Personality Related Corporate Governance Factors and Performance of Ghana Club 100 Companies, IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology(IJSRCSEIT), ISSN : 2456-3307, Volume 6, Issue 2, pp.146-159, March-April-2020. Available at doi : https://doi.org/10.32628/CSEIT206239