# References
1. Abor, J., & Biekpe, N. (2007). Corporate governance, ownership structure and performance of SMEs in Ghana: implications for financing opportunities. *Corporate Governance: The International Journal of Business in Society*, 7(3), 288-300.
2. Bank of Uganda. (2021). *Financial Stability Report*. Kampala: Bank of Uganda.
3. Brealey, R. A., Myers, S. C., & Allen, F. (2020). *Principles of corporate finance* (13th ed.). New York: McGraw-Hill Education.
4. Caprio, G., & Levine, R. (2002). Corporate governance in finance: Concepts and international observations. In R. E. Litan, M. Pomerleano, & V. Sundararajan (Eds.), *Financial sector governance: The roles of the public and private sectors* (pp. 17-50). Washington, DC: Brookings Institution Press.
5. Kasekende, L., & Ating-Ego, M. (2003). Financial liberalization and its implications for the domestic financial system: The case of Uganda. *African Economic Research Consortium Research Paper*, 128.
6. Mutebile, E. T. (2018). The role of capital markets in Uganda's economic transformation. *Bank of Uganda Working Paper*.
7. Ntim, C. G., Opong, K. K., & Danbolt, J. (2012). The relative value relevance of shareholder versus stakeholder corporate governance disclosure policy reforms in South Africa. *Corporate Governance: An International Review*, 20(1), 84-105.
8. Osei, K. A. (1998). Analysis of factors affecting the development of an emerging capital market: The case of the Ghana stock market. *African Economic Research Consortium Research Paper*, 76.
9. Uganda Securities Exchange. (2021). *Annual Report 2020*. Kampala: Uganda Securities Exchange.
10. Yartey, C. A., & Adjasi, C. K. (2007). Stock market development in Sub-Saharan Africa: Critical issues and challenges. *IMF Working Paper*, WP/07/209.
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