SURE

Sunderland Repository records the research produced by the University of Sunderland including practice-based research and theses.

Exploring Financial Management Practices and Firm’s Competitiveness: Evidence from Ghana Club 100 Firms.

Arthur-Sam, Jane, Seddighi, Hamid and Osseo-Asare, Augustus E. (2024) Exploring Financial Management Practices and Firm’s Competitiveness: Evidence from Ghana Club 100 Firms. Exploring Financial Management Practices and Firm’s Competitiveness: Evidence from Ghana Club 100 Firms., 5 (2). pp. 1-23. ISSN ISSN: 2700-8983

Item Type: Article

Abstract

Ghana Club 100 was established by the Ghana Investment Promotion Centre (GIPC) to acknowledge the top 100 performing firms in Ghana and to enhance firm competitiveness and economic growth. The paper aims to explore how financial management practices influence the competitiveness of firms listed on Ghana Club 100. This study adopted a sequential mixed research design comprising of a questionnaire from 80 firms and an interview guide to gather data from 10 selected companies. Data from the questionnaire was analyzed using SPSS descriptive statistics and NVivo software was used to thematically analyze the interview transcripts. The findings identified five financial management practices relating to accounting information system, capital structure, capital budgeting, working capital and financial reporting, which are deemed critical to firm performance and competitiveness in terms of financial health, growth and operational efficiency in Ghana. Although the generalizability of the study is limited to the small sample size, the findings can be applied to improve the firm performance of companies in Ghana. Future research aims to critically evaluate the effectiveness of the five financial management practices.

[img]
Preview
PDF
IJARBM-Arthur-Sam-et-al.-Ghana-Club-100.pdf
Available under License Creative Commons Attribution Non-commercial Share Alike.

Download (627kB) | Preview

More Information

Related URLs:
Depositing User: Augustus Osseo-Asare Jr

Identifiers

Item ID: 18158
Identification Number: https://doi.org/10.51137/ijarbm.2024.5.2.12
ISSN: ISSN: 2700-8983
URI: http://sure.sunderland.ac.uk/id/eprint/18158
Official URL: https://doi.org/10.51137/ijarbm.2024.5.2.12

Users with ORCIDS

ORCID for Hamid Seddighi: ORCID iD orcid.org/0000-0003-3679-0545
ORCID for Augustus E. Osseo-Asare: ORCID iD orcid.org/0000-0001-7079-9418

Catalogue record

Date Deposited: 23 Sep 2024 09:55
Last Modified: 23 Sep 2024 10:00

Contributors

Author: Hamid Seddighi ORCID iD
Author: Augustus E. Osseo-Asare ORCID iD
Author: Jane Arthur-Sam
["contributor_type_typename_" not defined]: Jane Arthur-Sam
["contributor_type_typename_" not defined]: Hamid Seddighi
["contributor_type_typename_" not defined]: Augustus E. Osseo-Asare

University Divisions

Faculty of Business, Law and Tourism > Sunderland Business School

Subjects

Business and Management

Actions (login required)

View Item (Repository Staff Only) View Item (Repository Staff Only)