{"id":"https://openalex.org/W1495729116","doi":null,"title":"The Determinants of the Financing Decisions of Listed and Non-Listed Firms in Ghana","display_name":"The Determinants of the Financing Decisions of Listed and Non-Listed Firms in Ghana","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W1495729116","mag":"1495729116"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:asi:aeafrj:2012:p:751-771","doi":null,"is_oa":false,"landing_page_url":"http://www.aessweb.com/download.php?id=1530","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5007896138","display_name":"Alhassan Andani","orcid":"https://orcid.org/0000-0002-3615-8489","observed_orcids":["https://orcid.org/0000-0002-3615-8489"]},"institutions":[{"id":"https://openalex.org/I83291730","display_name":"University for Development Studies","ror":"https://ror.org/052nhnq73","country_code":"GH","type":"education","lineage":["https://openalex.org/I83291730"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Alhassan Andani","raw_affiliation_strings":["Department of Mathematics, University for Development Studies (UDS), P O Box 24, Navrongo, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mathematics, University for Development Studies (UDS), P O Box 24, Navrongo, Ghana","institution_ids":["https://openalex.org/I83291730"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5108464565","display_name":"Seidu Alhassan","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I83291730","display_name":"University for Development Studies","ror":"https://ror.org/052nhnq73","country_code":"GH","type":"education","lineage":["https://openalex.org/I83291730"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Seidu Al-hassan","raw_affiliation_strings":["Centre for Continuing Education and Interdisciplinary Research, University for Development Studies (UDS) P O Box TL 1350, Tamale, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Continuing Education and Interdisciplinary Research, University for Development Studies (UDS) P O Box TL 1350, Tamale, Ghana","institution_ids":["https://openalex.org/I83291730"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I83291730"],"apc_list":null,"apc_paid":null,"fwci":2.5323,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.90613967,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financing-decisions","display_name":"financing decisions","score":0.9089999794960022},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.8180000185966492},{"id":"https://openalex.org/keywords/debt-policy","display_name":"debt policy","score":0.9409999847412109},{"id":"https://openalex.org/keywords/pecking-order-theory","display_name":"pecking order theory","score":0.9670000076293945},{"id":"https://openalex.org/keywords/free-cash-flow-hypothesis","display_name":"free cash flow hypothesis","score":0.9959999918937683},{"id":"https://openalex.org/keywords/matching-principle","display_name":"matching principle","score":0.996999979019165},{"id":"https://openalex.org/keywords/listed-companies","display_name":"listed companies","score":0.6700000166893005},{"id":"https://openalex.org/keywords/non-listed-firms","display_name":"non-listed companies","score":0.9959999918937683},{"id":"https://openalex.org/keywords/long-term-debt","display_name":"long-term debt","score":0.8059999942779541},{"id":"https://openalex.org/keywords/ghana","display_name":"Ghana","score":0.9369999766349792}],"concepts":[{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.8679434061050415},{"id":"https://openalex.org/C59485491","wikidata":"https://www.wikidata.org/wiki/Q1438403","display_name":"Pecking order","level":2,"score":0.7769149541854858},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.7519530057907104},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.6879959106445312},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5932185649871826},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5826448202133179},{"id":"https://openalex.org/C2780334105","wikidata":"https://www.wikidata.org/wiki/Q9297784","display_name":"Free cash flow","level":3,"score":0.5695379972457886},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.5127742886543274},{"id":"https://openalex.org/C135665773","wikidata":"https://www.wikidata.org/wiki/Q2234049","display_name":"Debt ratio","level":3,"score":0.48721808195114136},{"id":"https://openalex.org/C172983313","wikidata":"https://www.wikidata.org/wiki/Q1567268","display_name":"Pecking order theory","level":4,"score":0.4803817868232727},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3316757082939148},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.29156219959259033},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:asi:aeafrj:2012:p:751-771","doi":null,"is_oa":false,"landing_page_url":"http://www.aessweb.com/download.php?id=1530","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:asi:aeafrj:v:2:y:2012:i:7:p:751-771:id:929","doi":null,"is_oa":false,"landing_page_url":"https://archive.aessweb.com/index.php/5002/article/view/929/1410","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W1506565683","https://openalex.org/W1990994889","https://openalex.org/W2000578291","https://openalex.org/W2034625637","https://openalex.org/W2043368782","https://openalex.org/W2059752150","https://openalex.org/W2063955807","https://openalex.org/W2072806856","https://openalex.org/W2084310832","https://openalex.org/W2089596717","https://openalex.org/W2104640390","https://openalex.org/W2115846503","https://openalex.org/W2124597406","https://openalex.org/W2125720994","https://openalex.org/W2127103243","https://openalex.org/W2166182900","https://openalex.org/W2170790204","https://openalex.org/W2259482865","https://openalex.org/W2752617332"],"related_works":["https://openalex.org/W2130067876","https://openalex.org/W3138139618","https://openalex.org/W1552141460","https://openalex.org/W1509092141","https://openalex.org/W7111618891","https://openalex.org/W4319729331","https://openalex.org/W2562457839","https://openalex.org/W1482329491","https://openalex.org/W4386141259","https://openalex.org/W2551133253"],"abstract_inverted_index":{"The":[0,18,32,44,80],"study":[1,19,33,81],"examines":[2],"the":[3,37,58,71,94],"financing":[4],"decisions":[5,53,67],"of":[6,64,96],"19":[7],"listed":[8,89],"companies":[9,15],"in":[10,16,93],"comparison":[11],"with":[12,70],"16":[13],"non-listed":[14,75,91],"Ghana.":[17],"tests":[20],"some":[21],"hypotheses":[22],"related":[23],"to":[24],"capital":[25,59],"structure":[26,60],"determinants":[27],"and":[28,90],"debt":[29,52,65],"policy":[30,66],"decisions.":[31,61],"finds":[34],"support":[35],"for":[36,50],"pecking":[38],"order":[39],"hypothesis":[40,48],"across":[41,54],"all":[42],"firms.":[43],"free":[45],"cash":[46],"flow":[47],"holds":[49],"long-term":[51],"firms":[55,92],"but":[56],"not":[57,83],"All":[62],"forms":[63],"are":[68,100],"consistent":[69],"matching":[72],"principle":[73],"except":[74],"firms\u2019":[76],"long":[77],"term":[78],"debt.":[79,97],"does":[82],"find":[84],"any":[85],"significant":[86],"differences":[87],"between":[88],"application":[95],"Policy":[98],"recommendations":[99],"provided.":[101]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}