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                <text>Following the rising importance of energy transition in the environmental sustainability discussion, it is imperative to understand the roles of sustainable energy innovations and financialization to reach informed inferences for policy formulation. We examined the environmental quality performance in Sub-Sahara Africa using the case of the resource-rich Ghanaian state vis-à-vis the possible moderating influence of green innovations and financial development. The empirical analysis encompassed various estimation issues, including structural breaks, heteroscedasticity, and normality in data structure. We simulated with the dynamic autoregressive-distributed lag technique and confirmed that financialization, resource rents, and economic growth are significant positive determinants of pollutant emissions. However, green innovations decrease the rate of pollution in the nation. Moreover, the interaction between …</text>
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                <text>The purpose of this study was to examine the relationship between leverage and the financial performance of non-financial firms listed on the Ghana Stock Exchange (GSE). Panel data extracted from the audited and published annual reports of the Ghana Oil Company Ltd, Total Petroleum Ghana Ltd, Starwin Products Ltd, Camelot Ghana Ltd, Aluworks Ltd, Clydestone Ghana Ltd, African Champion Industries Ltd, Benson Oil Palm Plantation Ltd, Fan Milk Ltd, Guinness Ghana Breweries Ltd, Unilever Ghana Ltd, PZ Cussons Ghana Ltd, Produce Buying Company Ltd, Mechanical Lloyd Company Ltd and Sam Woode Ltd for the period 2008 to 2017 was used for the study. Both the descriptive and inferential techniques of data analysis were employed for the study. In the descriptive technique of data analysis, the mean, standard deviation, variance, minimum and maximum values, range, skewness and kurtosis of the study’s variables were analysed; whilst the Pearson Product-Moment Correlation Coefficient technique of data analysis was employed to establish the bivariate associations between leverage and the firms’ financial performance as measured by ROA, ROE and ROCE (inferential analysis). All the data analysis were conducted through the use of STATA version 15 statistical software package at an alpha (α) level of 5%(p≤ 0.05). From the study’s Pearson Product-Moment Correlation Coefficient output, leverage had a significantly negative association with the firms’ financial performance as measured by ROA. However, an insignificantly positive association between leverage and the firms’ ROE and ROCE was also established. Based on …</text>
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                <text>This study sought to examine the association between capital structure and the financial performance of non-financial firms listed on the Ghana Stock Exchange (GSE). Panel data extracted from the audited financial statements of 15 listed non-financial firms for the period 2008 to 2017 was employed for the study. The descriptive and inferential techniques of data analyses through the use of STATA version 15 software package with a 5% level of significance (p≤0.05), was adopted for the study. From the study's Pearson Product-Moment Correlation Coefficient estimates; capital structure proxied by DA had a significantly inverse affiliation with the firms’ financial performance as measured by ROA; capital structure proxied by DE had an insignificantly positive association with the firms’ financial performance as measured by ROA; capital structure proxied by ETA had a significantly positive association with the firms …</text>
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                <text>The effect of liquidity and capital structure on the financial performance of firms listed on the Ghana Alternative Market (GAX)</text>
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                <text>Liquidity and capital structure are fundamental for the survival of all organisations, as such, the management of the two should be accorded a greater attention in every working environment. The purpose of this study was to examine the effect of liquidity and capital structure on the financial performance of firms on the Ghana Alternative Market (GAX), a subsidiary of the Ghana Stock Exchange (GSE). Specifically, the study sought to identify the relationship between liquidity, capital structure and the financial performance of the firms, and to establish the impact of liquidity and capital structure on the firms’ financial performance. This study was a quantitative research that employed the purposive or judgemental sampling technique in selecting its sample. Secondary data sourced from the audited and published annual reports of the HORDS, Intraveneous Infusions, Meridian-Marshalls Holdings and Samba Foods Ltd for the period 2015 to 2018 was used for the study. Financial performance proxied by Return on Capital Employed (ROCE), Return on Assets (ROA) and Return on Issued Capital (ROIC) represented the study’s response variable, whilst liquidity proxied by the Current Ratio (CR) and capital structure proxied by the ratio of Debt-to-Total Assets (DA) served as the study’s explanatory variables. Descriptive, correlation and multiple regression techniques of data analysis were employed for the study. All the data analysis were conducted through the STATA version 15 software package at α= 5%(p≤ 0.05). From the Pearson Product-Moment Correlation Coefficient output, liquidity surrogated by the current ratio had an insignificant relationship …</text>
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                <text>This study sought to explore the connection between cash flows and the financial performance of non-financial firms listed on the Ghana Stock Exchange (GSE). Specifically, the study sought to examine the association between cash flows and the firms’ financial performance as measured by ROA; explore the connection between cash flows and the firms’ financial performance as measured by ROE; and to find out the affiliation between cash flows and the firms’ financial performance as measured by ROCE. This study was a quantitative study because, it mainly examined numerically measured variables with the application of statistical techniques. The study was precisely correlational in nature because, it sought to explore the relationship between cash flows and the firms’ financial performance. The study was finally panel in nature because, it gathered information on the same study units at different points in time. A balanced secondary panel data sourced from the audited and published annual reports of the Ghana Oil Company Ltd, Total Petroleum Ghana Ltd, Starwin Products Ltd, Camelot Ghana Ltd, Aluworks Ltd, Clydestone Ghana Ltd, African Champion Industries Ltd, Benson Oil Palm Plantation Ltd, Fan Milk Ltd, Guinness Ghana Breweries Ltd, Unilever Ghana Ltd, PZ Cussons Ghana Ltd, Produce Buying Company Ltd, Mechanical Lloyd Company Ltd and Sam Woode Ltd for the period 2008 to 2017 was used for the study. Both the descriptive and inferential techniques of data analysis were employed for the study. In the descriptive technique of data analysis, the mean, standard deviation, variance, minimum and maximum values, range …</text>
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                <text>The purpose of this study was to examine the relationship between liquidity and the financial performance of non-financial firms listed on the Ghana Stock Exchange (GSE). Panel data extracted from the audited annual reports of 15 listed non-financial firms for the period 2008 to 2017 was used for the study. In the study, financial performance of the firms was measured through Return on Assets (ROA), Return on Equity (ROE) and Return on Capital Employed (ROCE), whilst the Current Ratio (CR), Quick Ratio (QR) and the Cash Flow Ratio (CFR) were used to proxy liquidity. The study adopted the descriptive and inferential techniques of data analyses. All the study variables were analyzed through the descriptive statistics of mean, standard deviation, variance, minimum and maximum values, range, skewness and kurtosis. Since the study was a correlational study, the Pearson Product-Moment Correlation …</text>
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                <text>The Relationship between Size and Firms’ Financial Performance: An Empirical Evidence from the Ghana Stock Exchange (GSE)</text>
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                <text>The goal of this study was to examine the association between size and the financial performance of nonfinancial firms listed on the Ghana Stock Exchange (GSE). Specifically, the study sought to; determine the affiliation between size and the firms’ financial performance as measured by Return on Assets (ROA); examine the association between size and the firms’ financial performance as measured by Return on Equity (ROE); and to establish the link between size and the firms’ financial performance as measured by Return on Capital Employed (ROCE). This study was a quantitative study. The study was quantitative because, it aimed to classify features, quantify them in terms of numbers and create a statistical model to test hypothesis and explain observations. The study was specifically correlational in nature because, it sought to explore the bivariate associations between size and the firms’ financial performance. The study was finally panel in nature because, it sought to gather information on the same study units at different points in time. Secondary panel data extracted from the audited and published annual reports of the Ghana Oil Company Ltd, Total Petroleum Ghana Ltd, Starwin Products Ltd, Camelot Ghana Ltd, Aluworks Ltd, Clydestone Ghana Ltd, African Champion Industries Ltd, Benson Oil Palm Plantation Ltd, Fan Milk Ltd, Guinness Ghana Breweries Ltd, Unilever Ghana Ltd, PZ Cussons Ghana Ltd, Produce Buying Company Ltd, Mechanical Lloyd Company Ltd and Sam Woode Ltd for the period 2008 to 2017 was used for the study. Both the descriptive and inferential techniques of data analysis were employed for the study. In the …</text>
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                <text>The nexus between asset tangibility and firms’ financial performance: A panel study of non-financial firms listed on the Ghana Stock Exchange (GSE)</text>
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                <text>MOHAMMED Musah, YUSHENG Kong, AGYEMANG ANDREW Osei</text>
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                <text>This study sought to explore the nexus between asset tangibility and the financial performance of non-financial firms listed on the Ghana Stock Exchange (GSE). Specifically, the study sought to; examine the association between tangibility and the firms’ financial performance as measured by ROA, determine the connection between tangibility and the firms’ financial performance as measured by ROE; and to find out the affiliation between tangibility and the firms’ financial performance as measured by ROCE. This study was a quantitative study as it aimed to classify features, quantify them in terms of numbers and create a statistical model to test hypothesis and explain observations. The study was specifically correlational in nature because, it sought to examine the relationship between asset tangibility and the firms’ financial performance. The study was finally panel in nature because, it sought to gather information on the same study units at different points in time. A balanced secondary panel data sourced from the audited and published annual reports of the Ghana Oil Company Ltd, Total Petroleum Ghana Ltd, Starwin Products Ltd,</text>
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                <text>Exploring the link between operational efficiency and firms’ financial performance: An empirical evidence from the Ghana Stock Exchange (GSE)</text>
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                <text>Mohammed Musah, Yusheng Kong, Isaac Adjei Mensah</text>
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                <text>The purpose of this study was to explore the link between operational efficiency and the financial performance of non-financial firms listed on the Ghana Stock Exchange (GSE). Specifically, the study sought to determine the association between operational efficiency and the firms’ financial performance as measured by ROA; examine the connection between operational efficiency and the firms’ financial performance as measured by ROE; and to find out the affiliation between operational efficiency and the firms’ financial performance as measured by ROCE. Panel data sourced from the audited and published annual reports of fifteen (15) listed non-financial firms for the period 2008 to 2017 was used for the study. From the study’s Pearson Product-Moment Correlation Coefficient technique of data analysis, operational efficiency had a significantly negative association with the firms’ financial performance as measured by ROA [r=-0.2981,(p= 0.0002)&lt; 0.05]. Operational efficiency also had an insignificantly adverse relationship with the firms’ financial performance as measured by ROE [r=-0.0411,(p= 0.6174)&gt; 0.05]. Finally, operational efficiency had an insignificantly inverse affiliation with the firms’ financial performance as measured by ROCE [r=-0.0055,(p= 0.9471)&gt; 0.05]. In order to have increased levels of financial performance, managers of non-financial firms listed on the Ghana Stock Exchange (GSE) should carefully plan and forecast their activities by taken into consideration, the fluctuations in their operational efficiency. This is because, operational efficiency have been widely proven to have a statistically significant relationship with firms …</text>
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