All Outputs (5)

New bid-ask spread estimators from daily high and low prices (2018)
Journal Article
Li, Z., Lambe, B., & Adegbite, E. (2018). New bid-ask spread estimators from daily high and low prices. International Review of Financial Analysis, 60, 69-86. https://doi.org/10.1016/j.irfa.2018.08.014

Estimating trading costs in the absence of recorded data is a problem that continues to puzzle financial market researchers. We address this challenge by introducing two low frequency bid-ask spread estimators using daily high and low transaction pri... Read More about New bid-ask spread estimators from daily high and low prices.

International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis (2018)
Journal Article
Adegbite, E., Boateng, A., & Kwabi, F. (2019). International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis. Review of Quantitative Finance and Accounting, 53(2), 327–349. https://doi.org/10.1007/s11156-018-0751-4

In this study, we examine the effects of stringent insider trading laws’ enforcement, institutions and stock market development on international equity portfolio allocation using data from 44 countries over the period 2001-2015. Our results suggest t... Read More about International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis.

The impact of stringent insider trading laws and institutional quality on the cost of capital (2018)
Journal Article
Kwabi, F. O., Boateng, A., & Adegbite, E. (2018). The impact of stringent insider trading laws and institutional quality on the cost of capital. International Review of Financial Analysis, 60, 127-137. https://doi.org/10.1016/j.irfa.2018.07.011

This paper examines the effects of interaction between stringent insider trading laws, institutional quality and equity portfolio allocation on the cost of capital. Using a dataset drawn from 44 countries over the period from 2001 to 2015, we find th... Read More about The impact of stringent insider trading laws and institutional quality on the cost of capital.

Financial and corporate social performance in UK listed firms: the relevance of non-linearity and lag effects (2018)
Journal Article
Adegbite, E., Guney, Y., Kwabi, F., & Tahir, S. (2019). Financial and corporate social performance in UK listed firms: the relevance of non-linearity and lag effects. Review of Quantitative Finance and Accounting, 51(1), 105-158. https://doi.org/10.1007/s11156-018-0705-x

Using environmental, social and governance (ESG) scores compiled by Reuters Datastream for each company’s corporate social performance (CSP), we examine the relationship between CSP and corporate financial performance (CFP) of 314 UK listed companies... Read More about Financial and corporate social performance in UK listed firms: the relevance of non-linearity and lag effects.

The influence of multinational enterprises on subsidiaries: context matters (2018)
Journal Article
Egbe, I., Adegbite, E., & Yekini, K. C. (2018). The influence of multinational enterprises on subsidiaries: context matters. Accounting, Auditing and Accountability Journal, 31(2), https://doi.org/10.1108/AAAJ-06-2016-2608

Purpose: This paper examines how differences in the institutional environment of a multinational enterprise (MNE) shape the role of management control systems (MCSs) and social capital in the headquarters-subsidiary relationship of an emerging econom... Read More about The influence of multinational enterprises on subsidiaries: context matters.