• Diversification benefits of Shari'ah compliant equity ETFs in emerging markets 

  Gad, Samar ; Andrikopoulos, Panagiotis (Article)

  Previous studies on the performance of Islamic finance and banking have been more comparative than experimental when it comes to the role and effect of Islamic (Shari'ah compliant) assets in a conventional setting. This ...
• Is earnings management associated with corporate environmental disclosure? Evidence from Kuwaiti listed firms 

  Gerged, Ali M. ; Al-Haddad, Lara M. ; Al-Hajri, Meshari O. (Article)

  Purpose: This study investigates the association between corporate environmental disclosure (CED) and earnings management (EM) in a Gulf Cooperation Council (GCC) emerging market, namely Kuwait. Design/methodology/approach: ...
• Discretionary environmental disclosures of corporations in Nigeria 

  Chijoke-Mgbame, Aruoriwo M. ; Mgbame, Chijoke Oscar (Article)

  Environmental disclosures in Nigeria are surrounded by controversy involving the pervasive impact of a voluntary regime. The absence of a statutory environmental reporting framework has become responsible for the nuances ...
• Empirical Studies on Stock Return Predictability and International Risk Exposure 

  Lu, Qinye (Working Paper)

  Empirical evidence on the predictability of aggregate stock returns has shown that many commonly used predictor variables have little power to predict the market out-of-sample. However, a recent paper by Kelly and Pruitt ...
• Multiple Large Shareholders, Excess Leverage and Tunneling: Evidence from an Emerging Market 

  Boateng, Agyenim ; Huang, Wei (Article)

  Manuscript Type: Empirical Research Question/Issue: Past empirical efforts in corporate governance have examined the effects of large shareholders with the excess control rights on tunneling activities. However, no study ...
• 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 ...
• 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, ...
• State Ownership, Institutional Effects and Value Creation in Cross-border Mergers & Acquisitions by Chinese Firms 

  Boateng, Agyenim ; Du, Min (Article)

  This paper considers the effects of state ownership and institutional influences on value creation through cross-border mergers and acquisitions by Chinese firms during the period using a sample of 468 firms. The findings ...
• 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 ...
• 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 ...
• Domestic lead arranger certification and the pricing of project finance loans 

  Ahiabor, Frederick ; James, G. A. (Article)

  Using a sample of 1,270 project finance syndicated loan tranches arranged from 1998 to 2011 and worth over $300 billion, we estimate the causal impact of certification by domestic lead arrangers on the pricing of project ...
• 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 ...
• 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 ...
• 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, ...
• 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 ...
• 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, ...
• Towards Sustainable Development in the Arab Middle East and North Africa Region: A Longitudinal Analysis of Environmental Disclosure in Corporate Annual Reports 

  Gerged, Ali M. ; Cowton, Christopher J. ; Beddewela, Eshani S. (Article)

  This paper presents the first comprehensive analysis of corporate environmental disclosure (CED) in the Arab MENA region. Using a detailed research instrument containing 55 items, content analysis of the annual reports of ...
• Latin-American Stock Market Dynamics and Co-movement 

  Coleman, Simeon ; Leone, Vitor ; De Medeiros, Ribeiro Otavio (Article)

  With the economic relevance of the relationships among emerging and frontier equity markets becoming increasingly significant, this paper investigates co-movement among returns from six Latin-American stock markets [Mexico ...
• Crude Oil Pricing and the Statecraft: Lessons from Economic Sanctions 

  Omar, A. ; Lambe, Brendan (Working Paper)

  This study investigates the economic implications of the US’s foreign policy of coercive sanctioning as a means of exerting pressure on other states. When sanctions are imposed we find that oil prices exhibit a significant ...
• Can the news tell us anything about uncertainty that the markets don’t? 

  Lambe, Brendan ; Li, Z. ; Omar, A. (Working Paper)

  This study investigates the dynamic interactions between changes in economic policy uncertainty and movement in price and trade volumes across a sample of 21 countries. Within a vector autoregressive framework, we find ...

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