Browsing by Author "Boateng, Agyenim"
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Bank Excess Reserves in Emerging Economies: A Critical Review and Research Agenda
Nguyen, V.H.T.; Boateng, Agyenim (Article)This paper reviews academic studies of excess reserves in the banking system of emerging economies from 2000 through 2014. While excess reserves in emerging countries have attracted increasing attention from scholars, ... -
Board Gender Diversity and Firm Performance: Evidence from FTSE100 companies
Brahma, Sunjukta; Nwafor, Chioma; Boateng, Agyenim (Article)This paper examines the relationship between gender diversity, selected female attributes and financial performance of FTSE 100 firms in the UK. Drawing on critical mass theory by measuring gender diversity as levels of ... -
Board Gender Diversity, Audit Committee and Financial Performance: Evidence from Nigeria
This paper considers the effects of female representation and the proportion of female representation on corporate boards and audit committees on financial performance in an African context where institutions are weak. ... -
Board-CEO friendship ties and firm value: Evidence from US firms
Fan, Yaoyao; Boateng, Agyenim; King, Timothy; MacRae, Claire (Article)This study examines the impact of board-CEO friendship ties on firm value and explores potential channels through which changes in firm value may be conveyed, based on a sample of 1,696 publicly listed firms in U.S. over ... -
Capital Structure of Chinese Listed SMEs: An Agency Theory Perspective
Huang, Wei; Boateng, Agyenim; Newman, Alexander (Article)Prior work examining the antecedents of capital structure for small and-medium sized enterprises (SMEs) in emerging markets is limited. This paper sheds some light on how the corporate governance mechanisms adopted by firms ... -
Cultural Distance and Value Creation of Cross-border M&A: The Moderating Role of Acquirer Characteristics
Boateng, Agyenim; Du, Min; Bi, Xiaogang; Lodorfos, George (Article)This paper examines the effects of culture and the interaction between cultural distance and salient acquirer characteristics on value creation of acquiring firms based on a sample of 209 firms over the period of 1998-2012. ... -
The effect of insider trading laws and enforcement on stock market transaction cost
Kwabi, Frank Obenpong; Boateng, Agyenim (Article)Theoretical arguments suggest that as countries enact insider trading laws and complement them with enforcement, stock market information risk reduces and investor participation increases, and this will therefore have a ... -
Effects of Foreign Acquisitions on Financial constraints, Productivity and Investment in R&D of Target Firms in China
Chen, Y.; Hua, X.; Boateng, Agyenim (Article)This paper examines whether foreign acquisitions lessen financial constraints, improve investment in research & development (R&D) and productivity of the target firms in China based on a sample of 914 cross-border mergers ... -
Examining the Determinants of Inward FDI: Evidence from Norway
Boateng, Agyenim; Hua, Xiuping; Nisar, Shaista; Wu, Junjie (Article)This paper examines the impact of macroeconomic factors on foreign direct investment (FDI) inflows in Norway under the location-specific advantage. Using co-integrating regressions with Fully Modified OLS (FMOLS) and the ... -
Executive shareholding, compensation, and analyst forecast of Chinese firms
Huang, Wei; Boateng, Agyenim (Article)We examine the impact of executive and leadership shareholding and cash compensation on analyst forecast error and dispersion as proxies for information asymmetry. We find that firms pay higher compensation (or excess ... -
Explaining the surge in M&A as an entry mode: home country and cultural influences
Boateng, Agyenim; Du, Min; Wang, Y.; Wang, C.; Ahammad, Mohammad F. (Article)Purpose – The purpose of this paper is to examine the trends, patterns and the impact of cultural and home country macroeconomic influences on Chinese cross-border mergers and acquisitions (CBM&A) as foreign entry strategy ... -
Foreign equity portfolio flow and corruption: A cross-country evidence
Kwabi, Frank Obenpong; Boateng, Agyenim; Fosu, Samuel; Zhu, Tingting; Chijoke-Mgbame, Marian (Article)This study examines the impact of foreign equity portfolio investment on corruption. Employing a large dataset of 44 countries from 2001 to 2015 and three different measures of corruption, our results show that foreign ... -
Host country institutions and firm-level R&D influences: An analysis of European Union FDI in China
Cai, H.; Boateng, Agyenim; Guney, Y. (Article)The paper investigates the effects of institutions and their interaction with firms’ research & development (R&D) levels on foreign direct investment (FDI) inflows in China based on a sample of 680 European Union (EU) firms ... -
Impact of central bank independence, transparency and institutional quality on foreign equity portfolio allocation: a cross-country analysis
Kwabi, Frank Obenpong; Boateng, Agyenim; Du, Anna (Article)In this study, we analyse the effects of central bank independence (CBI) and central bank transparency (CBT) and their interactions with institutional quality on foreign equity portfolio inflows. Employing a dataset from ... -
Impact of Ownership Structure and Ownership Concentration on Credit Risk of Chinese Commercial Banks
Liu, Yang; Brahma, Sanjukta; Boateng, Agyenim (Article)Purpose- The purpose of this study is to examine the effects of bank ownership structure and ownership concentration on credit risk. Design/methodology/approach- Using panel data on a sample of 88 Chinese commercial ... -
The impact of state ownership, formal institutions and resource seeking on acquirers’ returns of Chinese M&A
Boateng, Agyenim; Newton, D.; Du, Min (Article)This study investigates the long-term acquirer returns of Chinese cross-border mergers and acquisitions (CBM&A) over the period of 1998-2008. Using Buy and Hold and Calendar Time methods, we find that Chinese acquiring ... -
The impact of stringent insider trading laws and institutional quality on the cost of capital
Kwabi, Frank; Boateng, Agyenim; Adegbite, Emmanuel (Article)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 ... -
Information Asymmetry and Market Power in the African Banking Industry
Boateng, Agyenim; Asongu, S.; Akamavi, R.; Simen, V. (Article)This study investigates the role of information sharing offices and its association with market power in the African banking industry based on a panel of 162 banks from 42countries for the period 2001–2011. Five ... -
International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis
Kwabi, Frank; Boateng, Agyenim; Adegbite, Emmanuel (Article)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 ... -
Involuntary Excess Reserve and Heterogeneous Transmission of Policy Rates to Bank Lending Rates in China
Nguyen, T.V.H.; Boateng, Agyenim; Pham, T.T.T. (Article)This study examines the impact of liquidity and involuntary excess reserves on interest rate pass-through in China. Employing Error Correction Model estimation based on a sample of 86 banks over the period of 2000 – 2013, ...