This study examines the determinants of profitability in the Ghanaian Banking Industry for an eight (8) year period of 2007 to 2014. Using a sample from 9 local banks and 12 foreign banks in Ghana, the study combines bank-specific determinants and macroeconomic variables to access bank profitability with Return on Assets (ROA) as the dependent variable. The Hausman specification test was performed on a panel regression to determine the appropriate model for this study. The estimation results shows that, bank SIZE and DEPOSITS are not significant and does not impact profitability. However, LOANS, CAPITAL and OVERHEADS were found to be significant and impacts on profitability. The study concludes that banks in Ghana should be technological in their operations to reduce staff cost since the OVERHEAD was highly significant and impacts negatively on ROA.

The aim of this study was to examine the factors that determine return on equity (ROE) in the Manufacturing industry in the Czech Republic over a 10-year period of 2005 to 2014. The study combined firm level variables (DuPont model) and macroeconomic variables (Multifactor Arbitrate Pricing Theory-APT) to regress data obtained from Amadeus (Bureau van Dijk) and the World Bank respectively. The results show that profit margin and net asset turnover have a positive and significant effect on ROE. However, financial leverage had a negative and significant impact on ROE. With regard to macroeconomic variables, none of them affected ROE positively. GDP growth and Interest rate impacted negatively on ROE whilst unemployment, inflation and exchange rate do not have any impact on ROE. These results suggest that the firms can improve their ROE by developing cost leadership strategies and increasing sales revenue.

The main objectives of this study are to measure the extent of voluntary disclosure of listed non‑financial firms in Ghana. The paper also seeks to identify the corporate governance attributes that influence voluntary disclosure, and finally, it rated the importance of voluntary items in the annual reports from the viewpoint of investors in Ghana. The paper makes use of 2013 to 2016 annual reports for 17 firms. The corporate governance attributes examined are board size, the proportion of independent non‑executive directors on the board, blockholder ownership and the audit committee. Five control variables were also used to support the study. We developed a total of 66 voluntary items. Both the simple frequency distribution and Stata software were employed to analyze the data. The findings revealed a mean of 32.7% as the level of voluntary disclosure. Board size, block holder ownership and audit committee had a positive association but only board size was statistically significant. The proportion of independent non‑executive directors had an insignificant negative relationship. Concerning the rating of the importance of the voluntary items, items under financial information were more of concern to investors. There are benefits that the findings provide which will be useful to investors, preparers of financial statements and regulators. The study reveals the corporate governance attribute(s) that influence corporate disclosure and points out the level of transparency if the level of disclosure is used as a proxy.

The aim of this paper is to measure the magnitude of profit shifting in the Czech Mining industry. The paper source data from AMADEUS provided by the Bureau van Dijk for the 10-year period 2005-2014 to seek evidence of profit-shifting activities and measure the magnitude. The paper applies panel regression model in the analysis to seek evidence and measure the magnitude of profit shifting using random effect model estimations. The paper therefore analyses tax effects on capital structure of subsidiary firms as a means of profit shifting and the results was that, there is substantial evidence of profit shifting with different magnitudes in separate model specifications.