Author : Isaac bawuah
Keyword : Corporate governance, firm performance, capital structure, sub-saharan africa
Subject : Banking and finance
Article Type : Original article (research)
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Abstract : The paper investigates the role of capital structure in the relationship between corporate governance and firm financial performance in Sub-Sahara Africa. The paper uses data from 60 firms from 30 Sub-Saharan African countries. The fixed effect model and the mediated regression analysis were used for the estimation. The paper finds that board size, board independence, audit committee size and audit reputation increase firms’ financial performance, but female directorship and ownership concentration do not. Capital structure improve firm financial performance. Board independence, female directorship, audit reputation and audit committee size positive effect on capital structure. Finally, there is moderation effect of capital structure on corporate governance (board independence, audit committee size, audit reputation) and firm financial performance.
Article by : Isaac Bawuah Bawuah
Article add date : 2022-11-15
How to cite : Isaac bawuah. (2022-November-15). Corporate governance and performance of firms in sub-saharan africa: the role of capital structure. retrieved from https://www.openacessjournal.com/abstract/1137