- Title
- Corporate governance and performance of pension funds in Ghana: a mixed-method study
- Creator
- Akomea-Frimpong, Isaac; Tenakwah, Emmanuel Senior; Tenakwah, Emmanuel Junior; Amponsah, Mary
- Relation
- International Journal of Financial Studies Vol. 10, Issue 3, no. 52
- Publisher Link
- http://dx.doi.org/10.3390/ijfs10030052
- Publisher
- MDPI AG
- Resource Type
- journal article
- Date
- 2022
- Description
- his paper assesses the relationship between corporate governance practices and the performance of pension funds in Ghana, which is an emerging market. Data for this study came from two sources: surveys of pension fund managers and annual financial reports of pension funds. Data analysis techniques include mean score ranking and panel regression. The results showed that corporate governance practices such as upholding the rights of shareholders to know the capital structure of the pension funds, equitable treatment of all shareholders, effective internal controls, and timely supervisory functions of audit committees influence the performance of pensions funds. In addition, ensuring proper board composition, the ethnic and gender diversity of board members affect the success of pension funds in the country. The study indicates that the current challenges facing pension funds in the country include poor investment decisions and market volatilities in the investment market. This study provides insight into the governance practices of pension funds. It is relevant for policies and corporate practices to be strengthened to enhance the performance of the firms.
- Subject
- corporate governance; mixed method; pension funds; performance; sustainability
- Identifier
- http://hdl.handle.net/1959.13/1448729
- Identifier
- uon:43474
- Identifier
- ISSN:2227-7072
- Rights
- © 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
- Language
- eng
- Full Text
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