{"id":"https://openalex.org/W2584639701","doi":"https://doi.org/10.22495/cocv4i2p12","title":"Corporate governance and firm performance: Evidence from Ghanaian listed companies","display_name":"Corporate governance and firm performance: Evidence from Ghanaian listed companies","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W2584639701","doi":"https://doi.org/10.22495/cocv4i2p12","mag":"2584639701"},"language":"en","primary_location":{"id":"doi:10.22495/cocv4i2p12","doi":"https://doi.org/10.22495/cocv4i2p12","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv4i2p12","pdf_url":"https://virtusinterpress.org/spip.php?action=telecharger&arg=4887&hash=eac6ce0a3c16f5273fb5e5dc4398b41a76fb97ce","source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://virtusinterpress.org/spip.php?action=telecharger&arg=4887&hash=eac6ce0a3c16f5273fb5e5dc4398b41a76fb97ce","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5113768425","display_name":"Anthony Kyereboah\u2010Coleman","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Anthony Kyereboah-Coleman","raw_affiliation_strings":["Department of the University of Ghana Business School, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of the University of Ghana Business School, Ghana","institution_ids":["https://openalex.org/I138690464"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087852530","display_name":"Charles Adjasi","orcid":"https://orcid.org/0000-0001-6682-5740","observed_orcids":["https://orcid.org/0000-0001-6682-5740"]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Charles K.D. Adjasi","raw_affiliation_strings":["Department of the University of Ghana Business School, Ghana"],"raw_orcid":"https://orcid.org/0000-0001-6682-5740","affiliations":[{"raw_affiliation_string":"Department of the University of Ghana Business School, Ghana","institution_ids":["https://openalex.org/I138690464"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5068431678","display_name":"Joshua Yindenaba Abor","orcid":"https://orcid.org/0000-0002-3424-7760","observed_orcids":["https://orcid.org/0000-0002-3424-7760"]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Joshua Abor","raw_affiliation_strings":["Department of the University of Ghana Business School, Ghana"],"raw_orcid":"https://orcid.org/0000-0002-3424-7760","affiliations":[{"raw_affiliation_string":"Department of the University of Ghana Business School, Ghana","institution_ids":["https://openalex.org/I138690464"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I138690464"],"apc_list":null,"apc_paid":null,"fwci":3.4528,"has_fulltext":true,"cited_by_count":51,"citation_normalized_percentile":{"value":0.95272664,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"4","issue":"2","first_page":"123","last_page":"132"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9970999956130981,"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"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9970999956130981,"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/T13957","display_name":"Corporate Governance and Financial Management","score":0.0015999999595806003,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"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/T14102","display_name":"Corporate Governance and Law","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"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/corporate-governance","display_name":"corporate governance","score":1.0},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":1.0},{"id":"https://openalex.org/keywords/board-size","display_name":"board size","score":0.9929999709129333},{"id":"https://openalex.org/keywords/board-composition","display_name":"board composition","score":0.9919999837875366},{"id":"https://openalex.org/keywords/ceo-duality","display_name":"CEO duality","score":0.9810000061988831},{"id":"https://openalex.org/keywords/independent-directors","display_name":"independent directors","score":0.8970000147819519},{"id":"https://openalex.org/keywords/return-on-assets","display_name":"return on assets","score":0.9539999961853027},{"id":"https://openalex.org/keywords/listed-companies","display_name":"listed companies","score":0.8090000152587891},{"id":"https://openalex.org/keywords/ghana-stock-exchange","display_name":"Ghana Stock Exchange","score":0.9940000176429749}],"concepts":[{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.8608105778694153},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7713712453842163},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.7374873161315918},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.7081104516983032},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.5422990322113037},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.16413769125938416},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.22495/cocv4i2p12","doi":"https://doi.org/10.22495/cocv4i2p12","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv4i2p12","pdf_url":"https://virtusinterpress.org/spip.php?action=telecharger&arg=4887&hash=eac6ce0a3c16f5273fb5e5dc4398b41a76fb97ce","source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.22495/cocv4i2p12","doi":"https://doi.org/10.22495/cocv4i2p12","is_oa":true,"landing_page_url":"https://doi.org/10.22495/cocv4i2p12","pdf_url":"https://virtusinterpress.org/spip.php?action=telecharger&arg=4887&hash=eac6ce0a3c16f5273fb5e5dc4398b41a76fb97ce","source":{"id":"https://openalex.org/S2798341630","display_name":"Corporate Ownership and Control","issn_l":"1727-9232","issn":["1727-9232","1810-0368","1810-3057"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","erih-plus","norway-1","vabb-shw"],"host_organization":"https://openalex.org/P4310322050","host_organization_name":"Publishing house \"Virtus Interpress\"","host_organization_lineage":["https://openalex.org/P4310322050"],"host_organization_lineage_names":["Publishing house \"Virtus Interpress\""],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Corporate Ownership and Control","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2584639701.pdf","grobid_xml":"https://content.openalex.org/works/W2584639701.grobid-xml"},"referenced_works_count":40,"referenced_works":["https://openalex.org/W1799898","https://openalex.org/W1496020752","https://openalex.org/W1513233845","https://openalex.org/W1526996522","https://openalex.org/W1550980052","https://openalex.org/W1560342694","https://openalex.org/W1605803295","https://openalex.org/W1977528366","https://openalex.org/W2014064130","https://openalex.org/W2021199259","https://openalex.org/W2028407599","https://openalex.org/W2037832385","https://openalex.org/W2042196381","https://openalex.org/W2047735993","https://openalex.org/W2074132263","https://openalex.org/W2086142271","https://openalex.org/W2111562586","https://openalex.org/W2115290060","https://openalex.org/W2115737125","https://openalex.org/W2119158777","https://openalex.org/W2120744852","https://openalex.org/W2121318934","https://openalex.org/W2128684061","https://openalex.org/W2132920812","https://openalex.org/W2160184254","https://openalex.org/W2162448899","https://openalex.org/W2164570446","https://openalex.org/W2254563861","https://openalex.org/W2752617332","https://openalex.org/W2891717843","https://openalex.org/W3021889044","https://openalex.org/W3121693921","https://openalex.org/W3121848634","https://openalex.org/W3122068183","https://openalex.org/W3123057193","https://openalex.org/W3123504461","https://openalex.org/W3125898175","https://openalex.org/W3126142570","https://openalex.org/W4233420185","https://openalex.org/W4388416724"],"related_works":["https://openalex.org/W7100111311","https://openalex.org/W2920901502","https://openalex.org/W2298125954","https://openalex.org/W7120140624","https://openalex.org/W3014856526","https://openalex.org/W2749683227","https://openalex.org/W2584733088","https://openalex.org/W2983087253","https://openalex.org/W2847675459","https://openalex.org/W2074872324"],"abstract_inverted_index":{"Well":[0],"governed":[1],"firms":[2,46,89],"have":[3,7],"been":[4],"noted":[5],"to":[6,69,85,107,135,150],"higher":[8,72,143],"firm":[9,42,81,108,118,144],"performance.":[10,109],"The":[11],"main":[12],"characteristic":[13],"of":[14,141],"corporate":[15,37,114],"governance":[16,38,115,125],"identified":[17],"include":[18],"board":[19,21,30,57,66,93,102,129],"size,":[20],"composition,":[22],"and":[23],"whether":[24],"the":[25,29,35,48,78,91,124,127,142,151],"CEO":[26],"is":[27,83,104,111,133],"also":[28],"chairman.":[31],"This":[32],"study":[33],"examines":[34],"role":[36],"structures":[39,116,126],"play":[40],"in":[41,88,120,131,139],"performance":[43,82,119],"amongst":[44],"listed":[45],"on":[47],"Ghana":[49,132],"Stock":[50],"Exchange.":[51],"Results":[52,95],"reveal":[53],"a":[54],"likely":[55],"optimal":[56],"size":[58,67],"range":[59],"where":[60],"mean":[61,75,146],"ROA":[62,76],"levels":[63],"associated":[64],"with":[65,90],"8":[68],"11":[70],"are":[71],"than":[73],"overall":[74],"for":[77],"sample.":[79],"Significantly,":[80],"found":[84],"be":[86,136],"better":[87],"twotier":[92],"structure.":[94],"show":[96],"further":[97],"that":[98,113],"having":[99],"more":[100,137],"outside":[101],"members":[103],"positively":[105],"related":[106],"It":[110],"clear":[112],"influence":[117],"Ghana,":[121],"indeed":[122],"within":[123],"two-tier":[128],"structure":[130],"seen":[134],"effective":[138],"view":[140],"level":[145],"values":[147],"obtained":[148],"compared":[149],"one-tier":[152],"system.":[153]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":6},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2017-02-10T00:00:00"}