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The Impact of Internal Control Systems on Corporate Performance among Listed Firms in Ghana: The Moderating Role of Information Technology

Author

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  • Lexis Alexander Tetteh
  • Amoako Kwarteng
  • Felix Kwame Aveh
  • Samuel Ato Dadzie
  • Disraeli Asante-Darko

Abstract

PurposeThe study empirically examines the impact of internal control systems on performance among listed firms in Ghana and the moderating role of information technology.Design/methodology/approachA survey was conducted among top corporate executives of listed companies from different industrial sectors. The questionnaire data was analyzed using the structural equation model.FindingsThe study shows that there is a significant relationship between internal control systems (control environment, control activity, information, and communication) and the company’s performance, measured by overall profitability. The results also indicate that information technology moderates the positive relationship between internal control and business performance. Nonetheless, the interaction effect was stronger for the control environment and control activities than the other internal control dimensions.OriginalityIn the context of developing countries and Ghana in particular where the implementation of information technology is still in infancy, few studies have explored the moderating role of information technology in the relationship between internal control systems and performance.

Suggested Citation

  • Lexis Alexander Tetteh & Amoako Kwarteng & Felix Kwame Aveh & Samuel Ato Dadzie & Disraeli Asante-Darko, 2022. "The Impact of Internal Control Systems on Corporate Performance among Listed Firms in Ghana: The Moderating Role of Information Technology," Journal of African Business, Taylor & Francis Journals, vol. 23(1), pages 104-125, January.
    • Handle: RePEc:taf:wjabxx:v:23:y:2022:i:1:p:104-125
    DOI: 10.1080/15228916.2020.1826851
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    Cited by:

    1. Tu Thanh Hoai & Nguyen Phong Nguyen, 2022. "Internal Control Systems and Performance of Emerging Market Firms: The Moderating Roles of Leadership Consistency and Quality," SAGE Open, , vol. 12(3), pages 21582440221, September.
    2. Dr.Muganda Munir Manini & Dr.Umulkher Ali Abdillahi, 2023. "Does the Internal Control Environment Drive the Performance of Cooperatives? A PLS-SEM Perspective," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(7), pages 721-745, July.
    3. Zhou, Zhiyong & Wu, Yanhong & Xie, Qinghua, 2024. "Social responsibility, information technology, and high-quality development of mining enterprise using structural equation modeling (SEM)," Resources Policy, Elsevier, vol. 91(C).

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