Predicting Corporate Financial Success: An Analysis of Factors from the Ghana Stock Exchange

Authors

  • Yusheng Zhang School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu, PR China

Keywords:

Corporate Financial Performance, Ghana Stock Exchange, Predictive Factors

Abstract

This study, Predicting Corporate Financial Success: An Analysis of Factors from the Ghana Stock Exchange, investigates the key factors influencing corporate financial performance among listed companies on the Ghana Stock Exchange (GSE). In the context of emerging economies, understanding the drivers of financial success is crucial for investors, policymakers, and business leaders. This research employs both quantitative and qualitative methods to identify and analyze the predictors of financial performance, focusing on variables such as company size, profitability ratios, capital structure, market liquidity, and macroeconomic factors. Using financial data from 50 publicly listed companies on the GSE over a 10-year period (2010–2020), the study applies multiple regression analysis to establish the relationships between these factors and corporate financial outcomes. The findings indicate that company size, leverage, and market liquidity are significant predictors of financial performance, while macroeconomic conditions, such as inflation and interest rates, also play a crucial role. This study offers valuable insights into the unique dynamics of corporate performance in Ghana’s stock market and provides recommendations for businesses and investors aiming to enhance financial success in the region.

References

Abbasi A, Malik QA. Firms’ size moderating financial performance in growing firms: An empirical evidence from Pakistan. International Journal of Economics and Financial Issues. 2015; 5(2):334-339.

Abubakar A, Sulaiman I, Haruna U. Effect of firms characteristics on financial performance of listed insurance companies in Nigeria. African Journal of History and Archaeology, 2018; 3(1). ISSN 2579-048x.

Agbada AO, Osuji CC. The efficacy of liquidity management and banking performance in Nigeria.International Review of Management and Business Research. 2013; 1(2):290-295.

Amit KM, Debashish S, Debdas R. Working capital and profitability: A study on their relationship with reference to selected companies in Indian Pharmaceutical Industry. GITAM Journal of Management. 2005; 3:51-62.

An Y, Dave H, Eggleton IRC. The effects of industry type, company size and performance on Chinese companies’ IC disclosure: A research note. Australasian Accounting, Business and Finance Journal. 2011; 5(3):107-116.

Azadi M. The relationship between changes in asset structure and operating earnings in the Tehran Stock Exchange (TSE). Trends in Advanced Science and Engineering (TASE). 2013; 7(1):30-34.

Bassey NE, Ukpe OU, Solomom UU. The effect of capital structure choice on the performance of corporate organizations: A case of quoted agro-based firms in Nigeria. Bulletin of Business and Economics. 2017; 6(2):58-67.

Breusch TS, Pagan AR. A simple test for heteroscedasticity and random coefficient variation. Econometrica. 1979; 47(5):1287-1294.

Brians C, Willnat L, Manheim J, Rich R. Empirical political analysis: Quantitative and qualitative research methods. New York, NY: Longman, 2011, pp. 75-77.

Boroujeni HN, Noroozi M, Nadem M, Chadegani A. The impact of capital structure and ownership structure on firm performance: A case study of Iranian companies. Research Journal of Applied Sciences, Engineering and Technology. 2013; 6(22):4265-4270.

Downloads

Published

2025-01-03

How to Cite

Predicting Corporate Financial Success: An Analysis of Factors from the Ghana Stock Exchange. (2025). International Journal of Political Sciences and Economics, 4(01), 1-4. https://ijmri.de/index.php/ijpse/article/view/37

Similar Articles

11-20 of 140

You may also start an advanced similarity search for this article.