%0 Journal Article
%T Do Audit Committees and Corporate Governance Mechanisms Affect the BankĄ¯s Performance? Empirical Evidence from Panel Data Analysis
%A Ivy Eklemet
%A Ibrahim Mohammed
%A Emmanuel Gyamera
%A Deborah Adu Twumwaah
%J Theoretical Economics Letters
%P 1036-1059
%@ 2162-2086
%D 2023
%I Scientific Research Publishing
%R 10.4236/tel.2023.134057
%X This paper assessed the effect of audit committee independence and
corporate governance mechanism on a bankĄ¯s performance. A quantitative research
method was adopted to collect secondary data from 20 licensed banks in Ghana
from 2013 to 2022, giving a total of 200 observations for this study. Panel
data regression analysis revealed that audit committee independence and
corporate governance mechanism accounted for 77.83% of the variation of the
bankĄ¯s performance for the period under study. Furthermore, the study revealed
a significant and positive relationship between CEO-non-duality, non-executive
director, audit committee independence, and the bankĄ¯s performance. The study
recommends that the chairman of both the board and audit committee should be independent directors and any offending firm
who violated this provision should be fined.
%K Audit Committee Independence
%K BankĄ¯s Performance
%K Corporate Governance
%K Non-Executive Director
%K Board Size
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=127129