Does the presence of governance structure affect small and medium-sized enterprise performance? Evidence from an emerging market
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63526834" target="_blank" >RIV/70883521:28120/20:63526834 - isvavai.cz</a>
Výsledek na webu
<a href="https://eber.uek.krakow.pl/index.php/eber/article/view/796||https://eber.uek.krakow.pl/index.php/eber/article/download/796/622" target="_blank" >https://eber.uek.krakow.pl/index.php/eber/article/view/796||https://eber.uek.krakow.pl/index.php/eber/article/download/796/622</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15678/EBER.2020.080307" target="_blank" >10.15678/EBER.2020.080307</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Does the presence of governance structure affect small and medium-sized enterprise performance? Evidence from an emerging market
Popis výsledku v původním jazyce
Objective: The objective of the article is to determine the effect of governance structure components (audit committee presence, board size adequacy, and board leadership) on SMEs' performance and the moderating effect of chief executive officer (CEO) tenure on the influence of governance structure on SMEs' performance in Ghanaian context. Research Design & Methods: We sampled 145 respondents from selected SMEs in the Ghanaian manufacturing, telecommunication, and financial sectors for the study. All selected participants completed questionnaires on governance structure and shared their informed perception of the enterprises' performance. The data gathered were analysed using multiple regression analysis and Hayes' process macro. Findings: The results indicated that board leadership, the presence of an audit committee, and board size adequacy do not significantly influence SMEs' performance. The results further revealed that CEO tenure is a significant negative moderator to the influence of the governance structure on SMEs' performance. Implications & Recommendations: Future studies must focus on how SMEs in Ghana can put CEOs and board succession plans in place so as to ensure creativity/innovation. Contribution & Value Added: This study contributes to the body of knowledge relating to the governance structure's influence on various indicators of business performance of SMEs in Ghana. Therefore, this study sought to assess the contribution of corporate governance structures to the performance of SMEs in Ghana. This would help SMEs to know which aspects of their governance structure should be strengthened to effectively contribute to their success.
Název v anglickém jazyce
Does the presence of governance structure affect small and medium-sized enterprise performance? Evidence from an emerging market
Popis výsledku anglicky
Objective: The objective of the article is to determine the effect of governance structure components (audit committee presence, board size adequacy, and board leadership) on SMEs' performance and the moderating effect of chief executive officer (CEO) tenure on the influence of governance structure on SMEs' performance in Ghanaian context. Research Design & Methods: We sampled 145 respondents from selected SMEs in the Ghanaian manufacturing, telecommunication, and financial sectors for the study. All selected participants completed questionnaires on governance structure and shared their informed perception of the enterprises' performance. The data gathered were analysed using multiple regression analysis and Hayes' process macro. Findings: The results indicated that board leadership, the presence of an audit committee, and board size adequacy do not significantly influence SMEs' performance. The results further revealed that CEO tenure is a significant negative moderator to the influence of the governance structure on SMEs' performance. Implications & Recommendations: Future studies must focus on how SMEs in Ghana can put CEOs and board succession plans in place so as to ensure creativity/innovation. Contribution & Value Added: This study contributes to the body of knowledge relating to the governance structure's influence on various indicators of business performance of SMEs in Ghana. Therefore, this study sought to assess the contribution of corporate governance structures to the performance of SMEs in Ghana. This would help SMEs to know which aspects of their governance structure should be strengthened to effectively contribute to their success.
Klasifikace
Druh
J<sub>SC</sub> - Článek v periodiku v databázi SCOPUS
CEP obor
—
OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
—
Návaznosti
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Ostatní
Rok uplatnění
2020
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Entrepreneurial Business and Economics Review
ISSN
2353-883X
e-ISSN
—
Svazek periodika
8
Číslo periodika v rámci svazku
3
Stát vydavatele periodika
PL - Polská republika
Počet stran výsledku
17
Strana od-do
117-133
Kód UT WoS článku
000601167800007
EID výsledku v databázi Scopus
2-s2.0-85093870333