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                <text>Most modern business organizations have adopted performance appraisal system which is essential in the performance management of employees. However, performance appraisal systems have a common component in the workforce and Management of organizations has instituted a performance evaluation system in which employees were rated annually against pre-established performances objectives. Therefore a formal management procedure or system adopted for the evaluation of work performance is Performance appraisal system. The objective of this research is to measure employees’ satisfaction with performance appraisal systems in Ghanaian and multinational company. Furthermore, the purpose of the study is to make initial analysis on numerous appraisal system adopted by multinational and Ghanaian companies. The study made a comparative analysis of employee’s satisfaction with performance appraisal system in National Investment Bank and Fidelity Bank. However, a field study consisting of questionnaires were used as a tool for carrying the investigation. The populations of the study area were 50 employees at both banks but base on these 32 employees were sampled. Furthermore, the sample frame of the research was the Branch Managers and the employees at the banks respectively. SPSS was used in the data technique. The study revealed that performance appraisal is used for multiple purposes such as evaluation of performance, determination of pay, promotion, etc in every organization (Cleveland et al, 2009 and Ostroffs, 2010). In the recommendation for effective appraisal system; organization objectives</text>
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                <text>Abdelwahab Kharab, Ronald B. Guenther</text>
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                <text>Due to the direct impact of manufacturing firms’ performance to economic stability, there is the need for special attention to examine factors that affect the manufacturing firms’ profitability (Akbas &amp; Karadinan 2012). According to Opondo (2004), most studies has examined the determinants of profitability of firms considering variables such as capital structure, cash liquidity, firm size, and financial leverage in other countries but however, much has not been done in the Ghanaian context. This study assesses the determinant of financial performance of listed manufacturing firms in Ghana. The study used quantitative research approach and explanatory research design. Purposive sampling technique was used to select eight manufacturing companies out of the total population of thirteen listed manufacturing firms. The study used only secondary source of data (audited financial statements) for five year period, from 2011 to 2015. Also, correlation analysis was used to assess the collinearity between the dependent variables thus Return on Equity (ROE) and Return on Asset (ROA) and the independent variables such as financial leverage, cash liquidity, firm size, inflation and exchange rate, while the regression analysis indicates the effect of the independent variables on the dependent variables.&#13;
The result highlighted a negative significant relationship between financial leverage and ROE and ROA. Also, cash liquidity recorded established a positive insignificant relationship of ROE and ROA. Firm size establishes a positive significant relationship of ROE and ROA, inflation establish a significant negative relationship of ROE and ROA and also, exchange rate volatility establish a significant negative relationship of ROE and ROA.</text>
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                <text>January 2018</text>
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