This study investigates the determinants of foreign direct investment (FDI) in the Ghanaian manufacturing sector, using the Regional Project on Enterprise Development (RPED) dataset. The study adopts a binary logistic regression model in which the dependent variable, FDI, is expressed as a...

Financing has been identified as a dominant constraint to Ghanaian small and medium-sized enterprises (SMEs). This study explores the determinants of bank financing and debt among Ghanaian SMEs. A panel regression model estimates the relation between the determinants and the bank-debt ratio. The...

Purpose – The purpose of this study is to examine the determinants of capital structure decisions of small and medium enterprises (SMEs) in Ghana. The issue is very relevant considering that SMEs have been noted as important contributors to the growth of the Ghanaian economy....

Purpose – This paper aims to evaluate the effect of risk on the financial policy of emerging market firms. Design/methodology/approach – Using data from 34 emerging markets during a 17‐year period, 1990‐2006, a panel data model is employed for the analysis. Findings – The results of...

Purpose – This study aims to examine the effect of corporate governance on firms' dividend payout policy in sub‐Saharan Africa. The study also aims to examine how dividend payout influences corporate governance. Design/methodology/approach – Using a sample made up 27 Ghanaian firms, 177...

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...

Purpose – This paper reports on the foreign exchange risk‐management practices among Ghanaian firms involved in international trade. The study focuses on how Ghanaian firms manage their foreign exchange risk and the problems involved in managing exchange rate exposure. It also seeks to...

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...

Purpose – The purpose of this research is to examine the effect of debt policy (capital structure) on the financial performance of small and medium‐sized enterprises (SMEs) in Ghana and South Africa. Previous studies, especially on large firms, have shown that capital structure affects firm...