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All Outputs (17)

Environmental performance and financial constraints in emerging markets (2023)
Journal Article
Agyei-Boapeah, H., Ciftci, N., Malagila, J. K., Brodmann, J., & Fosu, S. (in press). Environmental performance and financial constraints in emerging markets. Accounting Forum, 1-33. https://doi.org/10.1080/01559982.2023.2169893

We examine how corporate environmental performance relates to financial constraints in an environment likely to face high global pressure to address climate change. Using multivariate regressions and a large dataset of over 8,500 firm-years from 24 e... Read More about Environmental performance and financial constraints in emerging markets.

Takeover Vulnerability and Pre-Emptive Earnings Management (2022)
Journal Article
Tunyi, A., Agyei-Boapeah, H., Yang, J., & Machokoto, M. (2022). Takeover Vulnerability and Pre-Emptive Earnings Management. European Accounting Review, 1-35. https://doi.org/10.1080/09638180.2022.2116064

We explore whether firms that are vulnerable to takeovers pre-emptively manage earnings in anticipation of such events. We find a positive relationship between firms' vulnerability to takeovers and their propensity to manage earnings, mainly through... Read More about Takeover Vulnerability and Pre-Emptive Earnings Management.

Disruptive innovation: Designing business platforms for new financial services (2022)
Journal Article
Agyei-Boapeah, H., Evans, R., & Nisar, T. M. (2022). Disruptive innovation: Designing business platforms for new financial services. Journal of Business Research, 150, 134-146. https://doi.org/10.1016/j.jbusres.2022.05.066

Business platform models often achieve industry disruption through the elimination of barriers such as time and space by implementing smart and sophisticated software that captures, analyzes, and exchanges huge volumes of data. Central to business pl... Read More about Disruptive innovation: Designing business platforms for new financial services.

Does national culture matter for environmental innovation? A study of emerging economies (2022)
Journal Article
Ullah, S., Agyei-Boapeah, H., Kim, J. R., & Nasim, A. (2022). Does national culture matter for environmental innovation? A study of emerging economies. Technological Forecasting and Social Change, 181, Article 121755. https://doi.org/10.1016/j.techfore.2022.121755

Environmental innovation is regarded as an essential tool to achieve the Paris Climate Conference agreement and Net Zero by 2050. Despite the extensive studies on the determinants of environmental innovation in developed countries, little attention h... Read More about Does national culture matter for environmental innovation? A study of emerging economies.

Credit information sharing and bank loan pricing: Do concentration and governance matter? (2020)
Journal Article
Fosu, S., Danso, A., Agyei-Boapeah, H., & Ntim, C. G. (2021). Credit information sharing and bank loan pricing: Do concentration and governance matter?. International Journal of Finance and Economics, 26(4), 5884-5911. https://doi.org/10.1002/ijfe.2099

The development of credit information sharing schemes in developing countries has gained significant attention in recent times along with ongoing financial sector reforms. In this paper, we provide first-hand evidence of the effect of credit informat... Read More about Credit information sharing and bank loan pricing: Do concentration and governance matter?.

Customer Satisfaction in Microfinance Institutions: Insights from Ghana (2020)
Journal Article
Agyei-Boapeah, H., Adu-Boakye, S., Amankwah-Amoah, J., & Brodmann, J. (2020). Customer Satisfaction in Microfinance Institutions: Insights from Ghana. Enterprise Development and Microfinance, 31(3), 164-193. https://doi.org/10.3362/1755-1986.19-00016

With increased competition in the African microfinance industry, customer satisfaction and retention are important issues for microfinance institutions (MFIs) in the region. We rely on survey data from customers of MFIs in Ghana to examine the potent... Read More about Customer Satisfaction in Microfinance Institutions: Insights from Ghana.

IFRS adoption and firm value: African evidence (2020)
Journal Article
Agyei-Boapeah, H., Machokoto, M., Amankwa-Amoah, J., Tunyi, A., & Fosu, S. (2020). IFRS adoption and firm value: African evidence. Accounting Forum, 44(3), 238-261. https://doi.org/10.1080/01559982.2020.1766755

We examine the impact of the adoption of International Financial Reporting Standards (IFRS) on firm value using a sample of African listed firms selected over the 2000–2015 period. Our results show that the adoption of IFRS positively impacts firm va... Read More about IFRS adoption and firm value: African evidence.

Governance Structures and the Compensation of Powerful Corporate Leaders in Financial Firms during M&As (2019)
Journal Article
Agyei-Boapeah, H., Ntim, C. G., & Fosu, S. (2019). Governance Structures and the Compensation of Powerful Corporate Leaders in Financial Firms during M&As. Journal of International Accounting, Auditing and Taxation, 37, Article 100285. https://doi.org/10.1016/j.intaccaudtax.2019.100285

We examine the impact of mergers and acquisitions (M&As) on the compensation of powerful corporate leaders [i.e., boards of directors, including Chief Executives Officers (CEOs), Chief Financial Officers (CFOs), and Board Chairs] of acquiring firms.... Read More about Governance Structures and the Compensation of Powerful Corporate Leaders in Financial Firms during M&As.

Intangible investments and voluntary delisting: Mass exodus of Chinese firms from US stock exchanges (2019)
Journal Article
Agyei-Boapeah, H., Wang, Y., Tunyi, A. A., Machokoto, M., & Zhang, F. (2019). Intangible investments and voluntary delisting: Mass exodus of Chinese firms from US stock exchanges. International Journal of Accounting and Information Management, 27(2), 224-243. https://doi.org/10.1108/IJAIM-12-2017-0146

Purpose Drawing on a cost–benefit perspective, this paper aims to explore the relation between information asymmetry and the decision to delist from stock exchanges during periods of uncertainty. Specifically, it investigates the role of firms’ inta... Read More about Intangible investments and voluntary delisting: Mass exodus of Chinese firms from US stock exchanges.

Internal capabilities, national governance and performance in African firms (2019)
Journal Article
Tunyi, A. A., Agyei-Boapeah, H., Areneke, G., & Agyemang, J. (2019). Internal capabilities, national governance and performance in African firms. Research in International Business and Finance, 50, 18-37. https://doi.org/10.1016/j.ribaf.2019.04.009

We explore the relations between firms’ internal capabilities, national governance quality (NGQ) and performance in the African context using a dataset comprised of 11,183 firm-year observations (1490 unique firms from 15 African countries over a 17-... Read More about Internal capabilities, national governance and performance in African firms.

Corporate Multinationality and Acquirer Returns (2019)
Journal Article
Henry, A., Fosu, S., & Ntim, C. G. (2020). Corporate Multinationality and Acquirer Returns. Abacus, 56(2), 230-267. https://doi.org/10.1111/abac.12146

This paper provides evidence on how corporate multinationality from the perspective of acquiring firms relates to M&A returns. Using multivariate regressions and a large dataset of over 6,000 M&As (both cross-border and domestic) by UK firms during 1... Read More about Corporate Multinationality and Acquirer Returns.

Allocation of Internally Generated Corporate Cash flow in Africa (2018)
Journal Article
Agyei-Boapeath, H., & Machokoto, M. (2018). Allocation of Internally Generated Corporate Cash flow in Africa. Journal of Accounting in Emerging Economies, 8(4), 495-513. https://doi.org/10.1108/JAEE-10-2017-0099

We examine how managers of African firms, operating in environments characterised by less developed capital markets and weak institutional structures, make use of their internally generated cash flows. We find that managers of African firms hold most... Read More about Allocation of Internally Generated Corporate Cash flow in Africa.

How does banking market power affect bank opacity? Evidence from analysts' forecasts How does banking market power affect bank opacity? Evidence from analysts' forecasts (2018)
Journal Article
Fosu, S., Danso, A., Agyei-Boapeah, H., Ntim, C. G., & Murinde, V. (2018). How does banking market power affect bank opacity? Evidence from analysts' forecasts How does banking market power affect bank opacity? Evidence from analysts' forecasts. International Review of Financial Analysis, 60, 38-52. https://doi.org/10.1016/j.irfa.2018.08.015

Whilst the ongoing banking regulatory reforms towards a comprehensive Basel III framework emphasise bank disclosure, transparency and a competitive banking market environment, very little is known about the empirical relationship between bank opacity... Read More about How does banking market power affect bank opacity? Evidence from analysts' forecasts How does banking market power affect bank opacity? Evidence from analysts' forecasts.

Leverage Deviations and Acquisition Probability in the UK: The Moderating Effect of Firms' Internal Capabilities and Deal Diversification Potential (2018)
Journal Article
Agyei-Boapeah, H., Osei, D., & Franco, M. (2019). Leverage Deviations and Acquisition Probability in the UK: The Moderating Effect of Firms' Internal Capabilities and Deal Diversification Potential. European Management Review, 16(4), 1059-1077. https://doi.org/10.1111/emre.12307

In the context of mergers and acquisitions, we provide evidence to suggest that a firm's deviation from its optimal financial leverage may impede its ability to undertake future expansions. We also find the negative effect of leverage deviation on ac... Read More about Leverage Deviations and Acquisition Probability in the UK: The Moderating Effect of Firms' Internal Capabilities and Deal Diversification Potential.

Foreign acquisitions and firm performance: The moderating role of prior foreign experience (2018)
Journal Article
Agyei-Boapeah, H. (2019). Foreign acquisitions and firm performance: The moderating role of prior foreign experience. Global Finance Journal, 42, https://doi.org/10.1016/j.gfj.2018.02.001

This paper relies on a sample of 9,419 acquisitions by 1,443 UK firms during 1988 to 2014 to investigate the impact of foreign acquisitions on corporate performance. Moreover, the moderating role of firms' prior exposure to foreign markets on the for... Read More about Foreign acquisitions and firm performance: The moderating role of prior foreign experience.

Easing Financing and M&A Investment Constraints: The Role of Corporate Industrial Diversification (2017)
Journal Article
Agyei-Boapeah, H. (2017). Easing Financing and M&A Investment Constraints: The Role of Corporate Industrial Diversification. Annals of Economics and Finance, 18(2), 277-290

Based on a sample of 10,951 mergers and acquisitions (M&As), this article examines how corporate industrial diversification could ease, or even eliminate firms' financing and investment constraints, as measured by the link between borrowing ability a... Read More about Easing Financing and M&A Investment Constraints: The Role of Corporate Industrial Diversification.

Cross-border acquisitions and financial leverage of UK acquirers (2015)
Journal Article
Agyei-Boapeah, H. (2015). Cross-border acquisitions and financial leverage of UK acquirers. Accounting Forum, 39(2), 97-108. https://doi.org/10.1016/j.accfor.2015.03.002

Based on a sample of 782 acquisitions by UK firms during 1982-2009, this paper examines the impact of cross-border acquisitions on financial leverage. The paper shows that cross-border acquisitions have a negative impact on the financial leverage of... Read More about Cross-border acquisitions and financial leverage of UK acquirers.