Quản trị doanh nghiệp, cấu trúc sở hữu, tiền mặt nắm giữ và giá trị doanh nghiệp trên Sàn giao dịch chứng khoán Ghana

Emerald - Tập 10 Số 5 - Trang 488-499 - 2009
Zangina Isshaq1, Godfred A. Bokpin2, Joseph Mensah Onumah3
1Department of Accounting and Finance, School of Business, University of Cape Coast, Cape Coast, Ghana
2Department of Finance, University of Ghana Business School, University of Ghana, Accra, Ghana
3Department of Accounting, University of Ghana Business School, University of Ghana, Accra, Ghana

Tóm tắt

Mục đích

Mục đích của bài báo này là để xem xét mối tương tác giữa quản trị doanh nghiệp, cấu trúc sở hữu, tiền mặt nắm giữ và giá trị doanh nghiệp trên Sàn giao dịch chứng khoán Ghana.

Thiết kế/phương pháp/tiếp cận

Một phương pháp hồi quy đa biến sử dụng hồi quy có vẻ không liên quan để giảm thiểu các vấn đề về đa cộng tuyến giữa biến tiền mặt nắm giữ và các biến kiểm soát khác được áp dụng.

Kết quả

Kích thước hội đồng quản trị được tìm thấy có mối quan hệ tích cực và có ý nghĩa thống kê với giá cổ phiếu trong số các biến quản trị doanh nghiệp. Tuy nhiên, không tìm thấy mối quan hệ quan trọng giữa sở hữu bên trong và giá cổ phiếu. Các kết quả cũng cho thấy rằng các đơn vị tiền mặt nắm giữ bổ sung không có ảnh hưởng có ý nghĩa thống kê đến giá cổ phiếu. Cuối cùng, tỷ lệ vay và biến động thu nhập được phát hiện là những yếu tố quyết định quan trọng đối với giá cổ phiếu.

Tính độc đáo/gía trị

Đây là nghiên cứu đầu tiên ở quốc gia này xem xét tác động của quản trị doanh nghiệp, cấu trúc sở hữu và giá trị doanh nghiệp trên Sàn giao dịch chứng khoán Ghana (GSE).

Từ khóa


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Emerald

Tập 10 Số 5

488-499

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