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Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange
A Thesis Submitted In Partial Fulfillment Of The Requirement For The Degree Of Master Of Science Finance And Investment.
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| Format: | Thesis |
| Language: | English |
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KNUST
2025
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| _version_ | 1867613134097743872 |
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| access_status_str | Open Access |
| author | CRABBE, DAVID |
| author_browse | CRABBE, DAVID |
| author_facet | CRABBE, DAVID |
| author_sort | CRABBE, DAVID |
| collection | Thesis |
| description | A Thesis Submitted In Partial Fulfillment Of The Requirement For The Degree Of Master Of Science Finance And Investment. |
| format | Thesis |
| id | oai:ir.knust.edu.gh:123456789/16483 |
| institution | KNUST (Ghana) |
| language | English |
| last_indexed | 2026-06-10T12:31:18.486Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | KNUST |
| publisherStr | KNUST |
| record_format | dspace |
| source_str | KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| spelling | oai:ir.knust.edu.gh:123456789/16483 Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange CRABBE, DAVID A Thesis Submitted In Partial Fulfillment Of The Requirement For The Degree Of Master Of Science Finance And Investment. The Ghana Stock Exchange had been in existence for the past two decades playing its role of bringing individuals with excess funds looking for investment opportunity and firms seeking for extra Funds to expand and grow their business together. There are more thirty five thousand firms in Ghana, but over the past two decades of the operations of the Ghana Stock Exchange it had seen less than fifty (50) firms listing on the Exchange. The study used Ordinary Least Square (OLS) to analyze the effects of Macroeconomic Variables (Exchange rates, Interest Rate, Inflation and Broad money Supply) volatility on profitability of listed firms on the Ghana Stock Exchange. In this study, profitability theories are utilized to provide the theoretical basis for the work, also the study adopted the use of Returns on Assets (ROA) to proxy profitability. The study covers fourteen (14) listed companies on the Ghana Stock Exchange over the period 1996 to 2015 (20 years). The results proved that, there is a significant relationship between Macroeconomic Variables (Exchange Rate, Interest Rate, Inflation Rate and Broad Money Supply) and the profitability (ROA) of listed firms. It was again observed that the controlled variable (Fixed Asset Turnover) used in the study had one or more significant relationship on profitability (ROA). The results, may guide government to ensure that prudent measures are put in place to ensure that the various Macroeconomic variables used in the study are kept at a reasonable level or at a stable range over a period of time. KNUST 2025-04-02T10:20:30Z 2025-04-02T10:20:30Z 2016-07 Thesis https://ir.knust.edu.gh/handle/123456789/16483 en application/pdf KNUST |
| spellingShingle | CRABBE, DAVID Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange |
| title | Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange |
| title_full | Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange |
| title_fullStr | Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange |
| title_full_unstemmed | Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange |
| title_short | Effect of macroeconomic variables volatilities on firms profitability: Analysis of listed firms on the Ghana stock exchange |
| title_sort | effect of macroeconomic variables volatilities on firms profitability analysis of listed firms on the ghana stock exchange |
| url | https://ir.knust.edu.gh/handle/123456789/16483 |
| work_keys_str_mv | AT crabbedavid effectofmacroeconomicvariablesvolatilitiesonfirmsprofitabilityanalysisoflistedfirmsontheghanastockexchange |