External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country Perspective
Purpose: The purpose of this study is to examine the impact of external auditors on the corporate governance of unlisted firms in Ghana. Design/Methodology: The study adopts a quantitative research survey design approach. Closed-ended questionnaires were distributed to 485 respondents using the pur...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Seisense
2023-05-01
|
| Series: | SEISENSE Business Review |
| Subjects: | |
| Online Access: | https://journal.seisense.com/sbr/article/view/904 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850119978901045248 |
|---|---|
| author | Prince Dacosta Anaman Ibrahim Anyass Ahmed Frank Appiah-Oware Frank Somiah-Quaw |
| author_facet | Prince Dacosta Anaman Ibrahim Anyass Ahmed Frank Appiah-Oware Frank Somiah-Quaw |
| author_sort | Prince Dacosta Anaman |
| collection | DOAJ |
| description |
Purpose: The purpose of this study is to examine the impact of external auditors on the corporate governance of unlisted firms in Ghana.
Design/Methodology: The study adopts a quantitative research survey design approach. Closed-ended questionnaires were distributed to 485 respondents using the purposive and convenience sampling method. Inferential statistics were conducted on the data collected using IBM SPSS Statistic v23.
Findings: The study found that the presence of boards, familiarity with corporate governance codes, and adherence to the code of conduct are prevalent in unlisted firms in Ghana. Also, the study found that the role external auditors play in unlisted firms in Ghana has a positive and significant impact on corporate governance.
Practical Implications to Business or key stakeholders: The findings of the study highlight the importance of establishing effective boards, adhering to corporate governance codes, and actively engaging external auditors to strengthen governance practices. Stakeholder engagement, training, risk management, and policy enhancements are also crucial in fostering transparency, accountability, and sustainable business growth. Implementing these implications can enhance corporate governance, build stakeholder trust, and promote long-term organizational success.
|
| format | Article |
| id | doaj-art-5bba5559f6aa4779a97f95dccedef3a9 |
| institution | OA Journals |
| issn | 2788-7561 |
| language | English |
| publishDate | 2023-05-01 |
| publisher | Seisense |
| record_format | Article |
| series | SEISENSE Business Review |
| spelling | doaj-art-5bba5559f6aa4779a97f95dccedef3a92025-08-20T02:35:30ZengSeisenseSEISENSE Business Review2788-75612023-05-013110.33215/sbr.v3i1.904External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country PerspectivePrince Dacosta Anaman0Ibrahim Anyass Ahmed1Frank Appiah-Oware2Frank Somiah-Quaw3University of Ghana Business School – Department of Accounting, Legon-Accra, GhanaDepartment of Accounting, University of Education, Winneba, GhanaLancaster Kumasi City Hotel, Kumasi, GhanaUniversity of Ghana Business School – Department of Accounting, Legon-Accra, Ghana Purpose: The purpose of this study is to examine the impact of external auditors on the corporate governance of unlisted firms in Ghana. Design/Methodology: The study adopts a quantitative research survey design approach. Closed-ended questionnaires were distributed to 485 respondents using the purposive and convenience sampling method. Inferential statistics were conducted on the data collected using IBM SPSS Statistic v23. Findings: The study found that the presence of boards, familiarity with corporate governance codes, and adherence to the code of conduct are prevalent in unlisted firms in Ghana. Also, the study found that the role external auditors play in unlisted firms in Ghana has a positive and significant impact on corporate governance. Practical Implications to Business or key stakeholders: The findings of the study highlight the importance of establishing effective boards, adhering to corporate governance codes, and actively engaging external auditors to strengthen governance practices. Stakeholder engagement, training, risk management, and policy enhancements are also crucial in fostering transparency, accountability, and sustainable business growth. Implementing these implications can enhance corporate governance, build stakeholder trust, and promote long-term organizational success. https://journal.seisense.com/sbr/article/view/904External auditorsCorporate GovernanceDeveloping EconomyUnlisted FirmsAgency Theory |
| spellingShingle | Prince Dacosta Anaman Ibrahim Anyass Ahmed Frank Appiah-Oware Frank Somiah-Quaw External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country Perspective SEISENSE Business Review External auditors Corporate Governance Developing Economy Unlisted Firms Agency Theory |
| title | External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country Perspective |
| title_full | External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country Perspective |
| title_fullStr | External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country Perspective |
| title_full_unstemmed | External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country Perspective |
| title_short | External Auditors' Impact on Corporate Governance of Unlisted Firms: A Developing Country Perspective |
| title_sort | external auditors impact on corporate governance of unlisted firms a developing country perspective |
| topic | External auditors Corporate Governance Developing Economy Unlisted Firms Agency Theory |
| url | https://journal.seisense.com/sbr/article/view/904 |
| work_keys_str_mv | AT princedacostaanaman externalauditorsimpactoncorporategovernanceofunlistedfirmsadevelopingcountryperspective AT ibrahimanyassahmed externalauditorsimpactoncorporategovernanceofunlistedfirmsadevelopingcountryperspective AT frankappiahoware externalauditorsimpactoncorporategovernanceofunlistedfirmsadevelopingcountryperspective AT franksomiahquaw externalauditorsimpactoncorporategovernanceofunlistedfirmsadevelopingcountryperspective |