Considering that the study focuses on only Ghana, we recommend that effort should be made to look at this
study in a more elaborate viewpoint and across borders as well as incorporating the views of corporate
managers. Various forms of ownership structures such as ownership concentration, family ownership, state
ownership, institutional ownership, and foreign share ownership must be explored in future research. This will
present a broad based approach to understanding the dynamism of ownership structure and other governance
structures and how they impact on firm value.