1. An integrated corporate governance framework for enhancing economic growth: evidence from Sub Saharan African countries
- Author
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Matashu, Martha, Musvoto, Wedzerai S., and 22838082 - Musvoto, Saratiel Wedzerai (Supervisor)
- Subjects
Good governance ,Financial development ,Corporate governance ,Macroeconomic fundamentals ,Legal systems ,Sub Saharan Africa ,Economic growth - Abstract
PhD (Business Management), North-West University, Mafikeng Campus, 2016 This study sought to develop an integrated corporate governance framework for enhancing economic growth in Sub Saharan African countries. The implementation of improved corporate governance seems to have yielded insignificant or little contribution to economic growth in the region. The study through a positivist research paradigm examined corporate governance and economic growth data sets from 29 Sub Saharan African countries over seven years from 2008-2014 using hierarchical panel data modeling techniques. Four main themes emerged from the findings: corporate governance has an insignificant effect on economic growth; corporate governance will contribute about 0.01% annually to economic growth for the next 10 years;a short run relationship exist between aggregated variables of corporate governance, legal system, good governance, financial development, macroeconomic fundamentals. Fourthly, aggregated variables of corporate governance, the legal system, good governance, financial development and macroeconomic fundamentals jointly have a strong significant contribution to economic growth. Based on the findings from the panel vector autoregression models an integrated corporate governance framework for enhancing economic growth in Sub Saharan African countries was developed. This framework underscores that in order to facilitate the development of corporate governance that can cause economic growth there is a need to consider corporate governance, the legal system, good governance, financial development and macroeconomic fundamentals not in isolation but as integral parts of the country‘s practices and policies. Doctoral
- Published
- 2016