IDEAS home Printed from https://ideas.repec.org/a/rss/jnljef/v1i1p2.html
   My bibliography  Save this article

Determinants of Shareholder Value Creation of Listed Banks in Ghana

Author

Listed:
  • Thomas Korankye

Abstract

This work aims at determining the determinants of shareholder value creation of listed banks in Ghana. The analyses are performed using panel data derived from the financial statements of the listed banks on the Ghana Stock Exchange (GSE) from 2006 to 2010 financial years inclusive. The results of the analysis show that leverage, dividend policy, and return on equity respectively are statistically significant positive determinants of shareholder value. This reveals that increase (or decrease) in leverage, dividend payout and profitability respectively enhances (or attenuates) the wealth of shareholders. The results also reveal that bank size is a significant determinant of shareholder value, but it is negatively related to the latter. Finally, although bank nature has a positive coefficient, it is not significant in determining shareholder value.

Suggested Citation

  • Thomas Korankye, 2013. "Determinants of Shareholder Value Creation of Listed Banks in Ghana," International Journal of Empirical Finance, Research Academy of Social Sciences, vol. 1(1), pages 7-12.
    • Handle: RePEc:rss:jnljef:v1i1p2
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper-2_1497002848.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Frimpong, Siaw, 2018. "Working capital policies and value creation of listed non-financial firms in Ghana: a panel FMOLS analysis," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(4), pages 725-742, August.
    2. Ilda Kadrimi Blaceri & Armela Anamali, 2019. "Fiscal Policy Challenges for Countries that Join the EU," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 5, ejes_v5_i.
    3. Isiye Clement Muyabila & Professor Charles M Rambo Ph.D. & Professor Raphael O Nyonje Ph., 2023. "Invariable Features of a Firm and Value Creation in Agency Banking Projects: A Case of Retail Banking in Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(10), pages 1093-1108, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljef:v1i1p2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.