文档介绍：外文题目:Corporate governance, ownership structureand performance of SMEs in Ghana:implications for financing opportunities
出处: corporate governance
作者: Joshua Abor and Nicholas Biekpe
Introduction:
Entrepreneurial firms require external financing to finance their growth and investments in order to achieve full profits potential of the business. They also require inputs on business operations, good strategy and best practices in the industrial sector. These resources can be provided for through the presence of non-executive directors or external board members as in the case of listed firms. Research on listed firms has shown that strategy influences corporate performance and external board members challenge strategies by management. It is also argued that good corporate governance practices assist SMEs in improving on their prospects of obtaining funding from investors and financial institutions. This is an exact consequence of proper bookkeeping and accounting practices and information disclosure which increase the confidence of investors in the firm. The SME will also have a healthier growth and mitted to business efficiency due to the presence of external supervisory parties.
The structure of the remainder of the paper is as follows: The second section provides a review of the extant literature. Section three explains the methodology employed for the study. The empirical results are