The paper investigates both the long run and the short run relationships between the Ghana stock market and macroeconomic variables. The paper establishes that there is cointegration between the macroeconomic variables and Ghana stock market. The results of the short run dynamic analysis and the...

This paper analyses the effects of financial policy on corporate performance of emerging market firms. Using capital structure and dividend payout as measures of financial policy, we employ fixed effects panel model in our estimation. The results indicate that capital structure has negative...