Purpose

This study aims to evaluate the moderating impact of corporate governance on the relationship between internal control mechanisms and financial performance.

Design/methodology/approach

The study employs a structured questionnaire to collect data from 250 top managers of rural banks in the capital of Ghana. Cronbach alpha value and Fornell-Larcker tests were performed to assess the reliability and validity of the data used. The study adopted a partial least square structural equation model (PLS-SEM).

Findings

The results show that internal control and corporate governance both have a direct positive and significant impact on financial performance. Furthermore, the interaction of internal control and corporate governance also has a positive and significant impact on financial performance, thus confirming the moderating role of corporate governance in the relationship between internal control mechanisms and financial performance.

Practical implications

This implies that organizations need to strengthen their corporate governance procedures to increase the efficiency of their internal control systems, which would ultimately lead to an improvement in their financial performance.

Originality/value

The present study innovates by assessing the moderating role of corporate governance in the nexus between internal control mechanisms and financial performance. This moderating effect assessment implies that corporate governance may not only affect the technical implementation of the internal control structures but will subsequently make an impact on the overall performance of the organization.

中文翻译：

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加纳银行的内部控制机制和财务绩效：公司治理的调节作用

目的

本研究旨在评估公司治理对内部控制机制与财务绩效关系的调节作用。

设计/方法论/途径

该研究采用结构化问卷收集了加纳首都 250 名农村银行高层管理人员的数据。进行 Cronbach α 值和 Fornell-Larcker 检验来评估所用数据的可靠性和有效性。该研究采用偏最小二乘结构方程模型（PLS-SEM）。

发现

研究结果表明，内部控制和公司治理对财务绩效均产生直接、积极、显着的影响。此外，内部控制与公司治理的相互作用也对财务绩效产生显着的正向影响，从而证实了公司治理在内部控制机制与财务绩效关系中的调节作用。

实际影响

这意味着组织需要加强其公司治理程序，以提高其内部控制系统的效率，这最终将导致其财务绩效的改善。

原创性/价值

本研究的创新之处在于评估了公司治理在内部控制机制与财务绩效之间的关系中的调节作用。这种调节效应评估意味着公司治理不仅会影响内部控制结构的技术实施，而且会随后对组织的整体绩效产生影响。