Corporate reliance on bank loans: Evidence from listed companies in Ghana
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Corporate reliance on bank loans: Evidence from listed companies in Ghana | |
| Creator | Abor, J | |
| Description | This paper examines the incidence of bank financing among Ghanaian listed companies and the determinants of listed firms reliance on bank borrowing. The empirical results from a regression model reveal that bank loans account for one-third of debt financing. This suggests that bank loans are important in financing Ghanaian listed firms. The results also show that asset structure, growth opportunities and interest rates have significantly positive associations with bank debt ratio, while age of the firm, size of the firm, profitability and firm risk are significantly and negatively related to bank debt ratio. The results generally indicate that bank loans represent an important source of financing Ghanaian listed firms. | |
| Publisher | AOSIS Publishing | |
| Date | 2014-07-25 | |
| Identifier | 10.4102/sajems.v8i4.1177 | |
| Source | South African Journal of Economic and Management Sciences; Vol 8, No 4 (2005); 479-489 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/1177/420
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