Publication Date: 2024/01/29
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.
DOI: https://doi.org/10.5281/zenodo.10579933
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT24JAN860.pdf
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