Purpose – This paper seeks to investigate the relationship between capital structure and profitability of listed firms on the Ghana Stock Exchange (GSE) during a five-year period. Design/methodology/approach – Regression analysis is used in the estimation of functions relating the return on...

Purpose – This study seeks to examine the effect of industry classification on the capital structure of SMEs in Ghana. Design/methodology/approach – The analytical technique employed is regression framework with various capital structure measures as dependent variables, and with industry as...

The study explored the determinants of small and medium-sized nontraditional exporters’ choice of type of finance (formal or informal). The empirical results revealed a negative relationship between age and formal finance, suggesting that newer firms depend more on formal finance and less on...

This study compares the capital structures of publicly quoted firms, large unquoted firms, and small and medium enterprises (SMEs) in Ghana. Using a panel regression model, the paper also examines the determinants of capital structure decisions among the three sample groups. The results show...

Purpose – The purpose of this paper is to investigate household financial choice and the determinants of financial services in rural and urban households in Ghana. Design/methodology/approach – Data from the Ghana Living Standard Survey 5 (GLSS 5) are used to estimate the participation of a...

Purpose – The purpose of this paper is to investigate household financial choice and the determinants of financial services in rural and urban households in Ghana. Design/methodology/approach – Data from the Ghana Living Standard Survey 5 (GLSS 5) are used to estimate the participation of a...

Purpose – The purpose of this study is to examine the relationship between regulation of non-bank financial institutions and their risk-taking behaviours in Ghana. Design/methodology/approach – The analysis is performed using data derived from the Bank of Ghana Database during a five-year...

This paper sets out to explore the causality links between financial markets and foreign direct investment (FDI) in Africa. We use proxies for the banking sector and stock market to capture financial market development. We run separate estimations for the banking and stock market samples....

Purpose – The paper aims to study the importance of financial market development and financial structure in explaining the financial policies of firms in emerging market countries. Design/methodology/approach – The paper uses a panel data of 32 countries and the system generalized method of...

This study examines the effect of foreign direct investment (FDI) on productivity of firms in Ghana. The paper also investigates the effect of FDI spillovers on domestic firms in Ghana. The results indicate that firms with high proportion of foreign capital are more productive than those with...