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© 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/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

This 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.

Details

Title
Corporate Governance and Performance of Pension Funds in Ghana: A Mixed-Method Study
Author
Akomea-Frimpong, Isaac 1   VIAFID ORCID Logo  ; Emmanuel Senior Tenakwah 2   VIAFID ORCID Logo  ; Emmanuel Junior Tenakwah 3   VIAFID ORCID Logo  ; Amponsah, Mary 4   VIAFID ORCID Logo 

 School of Engineering Design and Built Environment, Western Sydney University, Penrith, NSW 2751, Australia; [email protected] 
 Asia Pacific College of Business and Law, Charles Darwin University, Darwin, NT 0800, Australia; [email protected] 
 School of Business, Western Sydney University, Parramatta, NSW 2150, Australia 
 Newcastle Business School, The University of Newcastle, Newcastle, NSW 2300, Australia; [email protected]; The Centre for African Research, Engagement and Partnerships (CARE-P), The University of Newcastle, Newcastle, NSW 2300, Australia 
First page
52
Publication year
2022
Publication date
2022
Publisher
MDPI AG
e-ISSN
22277072
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2716540174
Copyright
© 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/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.