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Does corporate governance matter in the failures of listed home-grown banks?

Appiah, K.O., Mensah, H.K., Amankwah-Amoah, J., Agyapong, A. (2023) Does corporate governance matter in the failures of listed home-grown banks? International Journal of Critical Accounting, 13 (2). pp. 131-150. ISSN 1757-9848. E-ISSN 1757-9856. (doi:10.1504/IJCA.2023.131240) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:100899)

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Building on corporate governance-failure literature, this study fills a void in the current literature by examining how corporate governance issues can cause business failures of home-grown listed banks. Employing the case of the failure of a listed local bank in Ghana – UT Bank, we found that, although the bank recognised best practices in corporate governance as a prevailing framework to promote efficiency, transparency, accountability, and integrity, these principles were continuously violated and ignored, culminating in the demise of the business. In addition to this, early warning signals were also ignored. Specifically, UT’s independent directors failed to think and act independently in the interest of the bank and its depositors. The managerial, policy and research implications are examined.

Item Type: Article
DOI/Identification number: 10.1504/IJCA.2023.131240
Uncontrolled keywords: corporate governance; Africa; Ghana; sustainable development; bank failure
Subjects: H Social Sciences > HG Finance
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Funders: University of Kent (
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 14 Apr 2023 09:52 UTC
Last Modified: 21 Sep 2023 13:57 UTC
Resource URI: (The current URI for this page, for reference purposes)

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