The link between corporate governance and performance of the non‐traditional export sector: evidence from Ghana

Abstract

Purpose The purpose of this paper is to examine how corporate governance affects performance of firms in the non‐traditional export (NTE) sector in Ghana. Design/methodology/approach Panel data covering the ten‐year period 1995‐2004 were analyzed within the generalized least squares (GLS) framework. Findings For efficient performance, firms in the NTE sector in Ghana should have indigenous ownership and must ensure more non‐executive directors on their boards. Research limitations/implications More indicators of corporate governance are needed, due to the fact that corporate governance embraces a broader set of indicators. Practical implications There are practical implications for both academics and practitioners. Originality/value Provides an examination of the link between corporate governance and the performance of the NTE sector, which has hitherto not been researched.