Authors :
Benjamin Coffie Alorzuke
Volume/Issue :
Volume 9 - 2024, Issue 1 - January
Google Scholar :
http://tinyurl.com/4az9ncjr
Scribd :
http://tinyurl.com/v56rf4m5
DOI :
https://doi.org/10.5281/zenodo.10579933
Abstract :
The objective of this study is to integrate
audit quality practices and the determinants of strategic
decision-making ability to enhance the financial
performance of the selected businesses in Ghana, which
contribute differently to the existing body of knowledge.
The cross-sectional data on 120 businesses was collected
in 2022 via the World Bank survey on business growth in
Ghana. The results of the fitted OLS regression model
show that audit quality practices and the determinants
of strategic decision-making ability have a positive effect
on business performance, indicating that high audit
quality practices and strategic decision-making ability
enhance the financial performance of business
enterprises in Ghana. The Pearson correlation analysis
also indicates that business performance is positively
associated with audit quality practices, and strategic
decision-making ability enhances financial performance.
Consequently, it is new for all businesses, including
private and public, to embrace a high level of audit
quality practices and strategic decision-making ability to
enhance the financial performance of businesses in
Ghana and other west African communities.
Keywords :
Business Performance, Audit Quality Practices, Strategic Decision-Making Ability, OLS Regression Model, Pearson Correlation.
The objective of this study is to integrate
audit quality practices and the determinants of strategic
decision-making ability to enhance the financial
performance of the selected businesses in Ghana, which
contribute differently to the existing body of knowledge.
The cross-sectional data on 120 businesses was collected
in 2022 via the World Bank survey on business growth in
Ghana. The results of the fitted OLS regression model
show that audit quality practices and the determinants
of strategic decision-making ability have a positive effect
on business performance, indicating that high audit
quality practices and strategic decision-making ability
enhance the financial performance of business
enterprises in Ghana. The Pearson correlation analysis
also indicates that business performance is positively
associated with audit quality practices, and strategic
decision-making ability enhances financial performance.
Consequently, it is new for all businesses, including
private and public, to embrace a high level of audit
quality practices and strategic decision-making ability to
enhance the financial performance of businesses in
Ghana and other west African communities.
Keywords :
Business Performance, Audit Quality Practices, Strategic Decision-Making Ability, OLS Regression Model, Pearson Correlation.
