Professor Agyenim Boateng

Job: Professor in Finance

Faculty: Business and Law

School/department: Leicester Castle Business School

Address: De Montfort University, The Gateway, Leicester, LE1 9BH, United Kingdom

T: +44(0)1162078260

E: Agyenim.Boateng@dmu.ac.uk

W: http://dmu.ac.uk

 

Personal profile

Professor Agyenim Boateng is a Professor of Finance and Director of Finance & Banking Research Centre, Leicester Castle Business School, De Montfort University.

Prior to joining De Montfort University, he was a Professor of Finance & Banking & Senior Postgraduate Research Tutor at Glasgow School of Business & Society. Other previous positions held include: Reader in Finance (Huddersfield University); Associate Professor & Founding Director of PhD Programme (University of Nottingham, China Campus); Senior Lecturer in Finance (Leeds Business School).

As a researcher, Agyenim has published extensively in a number of international journals, book chapters and a book. His work has appeared in leading international academic Journals including: Corporate Governance: An International Review; Journal of International Financial Markets, Institutions & Money; International Journal of Accounting; International Business Review; Small Business Economics; International Review of Financial Analysis; Review of Quantitative Finance & Accounting among others.

He serves as a reviewer for several leading international Journals, funding bodies (ESRC - UK; SSHRC -Canada). He has presented his work at major international conferences in China, USA, UK, Australia, Italy; Turkey etc. As a teacher, Agyenim has over 17 years' experience teaching finance courses on BA, MSc, MBA, Executive MBA and PhD programmes in the UK, China and Ghana. He is a Fellow of the Higher Education Academy (FHEA).

Research group affiliations

The Finance and Banking Research Centre (FiBRe)

Publications and outputs 

Books Section:

1) Uddin, M & Boateng, A. (2014). Cross-border Mergers and Acquisitions: UK Dimen-sions, Routledge/Taylor & Francis.

Book Chapters:

2) Hua, X. & Boateng, A. (2015). Trade openness, Financial Liberalisation, Economic Growth, and Environment effects in the North-South: New Static and Dynamic Panel Data Evidence, In (Editors) Liam Leonard & Maria Alejandra Gonzakez, Advances in Sustain-ability and Environmental Justice, Vol. 17: Beyond the UN Global Compact.

3) He, W., Ring, P & Boateng, A. (2016). Bank Internationalisation: An Examination of the Role of Government & Home Institutions in Emerging Economy, in (editors) J. Jay Choi, Michael Powers, and Xiaotian Zhang, The Political Economy of Chinese Finance, Interna-tional Finance Review, Vol. 17, Emerald.

4) Min Du & Boateng, A. (2016). Corporate governance in China: Regulatory Reforms and Policies, In Ngwu, F. N., Osuji, O.K., & Stephen, F.H. (2017). Corporate Governance in Developing and Emerging Markets: Debates, Models and New Institutional Economics, Routledge/Taylor & Francis.

5) Boateng, A & Lu, J. (2016). Varieties of Corporate Governance Models: A Review and Synthesis, In Ngwu, F. N., Osuji, O.K., & Stephen, F.H. (2017). Corporate Governance in Developing and Emerging Markets: Debates, Models and New Institutional Economics, Routledge/Taylor & Francis.

6) Boateng, A, Lordofos, G., & Glaister, K.W (2017). Motives for European Mergers & Ac-quisitions: Analysis of pre-merger press announcements and post-merger interviews, In Cooper, C.L., Tarba, S., Sarala, R.M., & Ahammad, M.F. (Ed.), Mergers and Acquisitions in Practice, Routledge/Taylor & Francis.

Journal Articles:

1. Chijoke-Mgbame, A.M., Boateng, A. & Mgbame, C.O. (2020). Board Gender Diversity,

Audit Committee and Financial Performance: Evidence from Nigeria, Accounting Forum, In Press.

2. Kwabi, F., Boateng, A., Du, A. (2020). Impact of central bank independence, transparency and institutional quality on foreign equity portfolio allocation: a cross-country analysis, International Review of Financial Analysis, 69, 1-13.

3. Fan, Y., Boateng, A., King, T.P. & MacRae, C (2019). Board-CEO friendship ties and firm value: Evidence from US firms, International Review of Financial Analysis, 65, 1-17

4. Liu, Y., Brahma, S. & Boateng, A. (2019). Impact of Ownership Structure and Ownership Concentration on Credit Risk of Chinese Commercial Banks, International Journal of Managerial Finance, 16(2), 253-272.

5. Boateng, A, Du, M., Bi, X., & Lodorfos, G. (2019), Cultural distance and value creation of cross-border M&A: The Moderating Role of Acquirer Characteristics, International Re-view of Financial Analysis. 63, 285-295, 2019

6. Cai, H., Boateng, A & Guney, Y. (2019). Host country institutions and firm-level R&D Influences: An Analysis of European Union FDI in China, Research International Busi-ness & Finance, 4, 311-326.

7. Kwabi, F., Boateng, A. & Adegbite, E. (2019). International Portfolio Investment and En-forcement of Insider Trading Laws: A Cross-Country Analysis, Review of Quantitative Finance and Accounting, 53,2, 327-349.

8. He, W., Boateng, A & Ring, P. (2019). Motives, Choice of Entry Mode, and Challenges of Bank Internationalisation: Evidence from China, Thunderbird International Business Re-view, 61, 6, 897-909.

9. Boateng, A., Liu, Y. & Brahma, S. (2019). Politically connected CEO, Independent Direc-tors and Credit Risk: Evidence from Chinese Commercial Banks Research in Interna-tional Business & Finance, 47, 162-173.

10. Nguyen, T.V.H., Boateng, A. & Pham, T.T.T (2019). Involuntary Excess Reserve and Het-erogeneous Transmission of Policy Rates to Bank Lending Rates in China, Empirical Eco-nomics, 57,3, 1023-1044.

11. Kwabi, F., Boateng, A. & Adegbite, E. (2018). The impact of Stringent Insider Trading Laws and Enforcement on cost of capital, International Review of Financial Analysis, 60, 127-137.

12. Boateng, A., Asongu, S. Akamavi, R & Simen, V. (2018). Information Asymmetry and Market Power in the African Banking Industry, Journal of Multinational Financial Man-agement, 44, 69-83.

13. Lu, J. & Boateng, A. (2018). Board Composition, Monitoring and Credit Risk: Evidence from the UK Banks, Review of Quantitative Finance & Accounting, 51, 4, 1107-1128

14. Nguyen, T.V.H., Boateng, A. & Nguyen, T.C. (2018). Involuntary excess reserve and bankers’ remuneration: evidence from Chinese banks, Applied Economic Letters, 25,8, 518-522, 2018

15. Brahma, S., Boateng, A. & Ahmad, S. (2018. Motives behind M&A: A study of European Utilities, International Journal of Public Sector Management, 31, 5, 599-616.

16. Nisar, S., Boateng, A. & Wu, J. (2018). The Entry Mode Strategy and Performance of SMEs: Evidence from Norway, Research in International Business and Finance, 45, 323-333.

17. Emudainohwo, O. B., Boateng, A., Brahma S., & Ngwu, F. (2018). Analysis of Govern-ment Policies, Institutions and Inward Foreign Direct Investment: Evidence from Sub-Sa-haran Africa, Thunderbird International Business Review, 60, 4, 523-534.

18. Boateng, A. Cai, H., Borgia, D., Bi, X. & Ngwu, F. (2017). The Influence of Internal Cor-porate Governance Mechanisms on Capital Structure Decisions of Chinese Listed Firms, Review of Accounting & Finance, 16, 4, 444-461.

19. Boateng, A. & Huang, W. (2017). Multiple Large Shareholders, Excess Leverage and Tun-nelling: Evidence from Emerging Market, Corporate Governance: An International Re-view, 25, 1: 58-74.

20. Boateng, A., Bi, X & Braimah, S. (2017). Firm ownership, Board monitoring and operating performance of Chinese mergers and acquisitions, Review of Quantitative Finance & Ac-counting, 49, 925-948.

21. Boateng, A., Du, A. Wang, Y., Wang, C. & Ahammad, M.F. (2017). Explaining the Surge in M&A as an Entry Mode: Home Country and Cultural Influences, International Market-ing Review, Special Issue, 34, 1:87-103.

22. Chen, Y., Hua, X. & Boateng, A. (2017). Effects of Foreign Acquisitions on Financial constraints, Productivity and Investment in R&D of Target Firms in China, International Business Review, 26: 640-651.

23. Huang, W., Boateng, A. & Newman, A. (2016). Capital structure of Chinese listed SMEs: An Agency Theory Perspective, Small Business Economics, 47, 535-550

24. Du, M., Boateng, A. & Newton, D. (2016). The impact of state ownership, formal institu-tions and resource seeking on acquirers’ returns of Chinese M&A, Review of Quantitative Finance & Accounting, 47, 159-178

25. Huang, H. & Boateng, A. (2016). Executive and board shareholding, compensation and Analyst forecast of Chinese firms, Applied Economics, 49, 15: 159-1472

26. Boateng, A., Akamavi, R. & Ndoro, G. (2016). Measuring Performance of Non-profit or-ganisations: Evidence from Large Charities, Business Ethics: A European Review, 25, 1, 59-74

27. Huang, W. & Boateng, A. (2016), On the Value Relevance of Analyst Opinions and Insti-tutional Shareholdings in China, International Journal of Accounting and Information Management, 24, 3, 206-225.

28. Nguyen, V. H. T. & Boateng, A. (2015). An Analysis of Involuntary Excess Reserves, Monetary Policy and Risk-taking Behaviour of Chinese Banks, International Review of Financial Analysis, 37, 63-72

29. Boateng, A., Huang, W & Kufuor, N.K. (2015). Commercial Bank Ownership and Perfor-mance in China, Applied Economics, 47, 49, 5320-5336.

30. Nguyen, V. H. T. & Boateng, A. (2015). Excess Bank Reserves in Emerging Countries: A critical review and agenda for future research, International Review of Financial Analysis (2015), 39, 158-166.

31. Boateng, A., Hua, X., Nisar, S. and Wu, J. (2015). Examining the determinants of inward FDI: Evidence from Norway, Economic Modelling, 47, 118-127.

32. Du, M., & Boateng, A. (2015). State Ownership, Institutional Effects and Value Creation in Cross-border Mergers & Acquisitions by Chinese Firms, International Business Re-view, 24, 3: 430-442.

33. Nguyen, V.H.T., Boateng, A. & Newton, D) (2015). Involuntary Excess Reserves, the Re-serve Requirements and Credit Rationing in China, Applied Economics, 47,14, 1424-1437.

34. Boateng, A. & Bi, X. (2014). Acquirer Characteristics and Method of Payment: Evidence from Chinese Mergers and Acquisitions, Managerial & Decision Economics, 35: 540–554.

35. Boateng, A., Hua, X., Uddin, M & Du, M. (2014). Home Country Macroeconomic Factors on Outward Cross-border Mergers and Acquisitions: Evidence from the UK, Research in International Business & Finance, 30: 202-216.

36. Nguyen, V. H.T & Boateng, A. (2013). The Impact of Involuntary Excess Reserves on Bank Lending Channels in China, Journal of International Financial Markets, Institu-tions & Money, 26: 358-377.

37. Boateng, A. & Abdulrahman, A. (2012). Micro-Small Sized Enterprises and Bank Credit: Evidence from West Africa, Journal of Emerging Markets Finance, 12 (2): 129-150.

38. Huang, W. & Boateng, A. (2012). The role of the state, ownership structure, and the per-formance of real estate firms in China, Applied Financial Economics, 23 (10): 847-859.

39. Wang, C., Hong, J., Kaforous, M. & Boateng, A. ((2012). What Drives the Internationali-zation of Chinese Firms? Testing the Explanatory Power of Three Theoretical Frameworks, International Business Review, 21: 425-438.

40. Nisar, S., Boateng, A., Wu, J & Leung, M. (2012). Understanding the Motives for SMEs Entry Choice of International Entry Mode, Marketing Intelligence & Planning, 30 (7):717-739.

41. Boateng, A., Naraidoo, R. & Uddin, M. (2011). An Analysis of the Inward Cross-border Mergers and Acquisitions in the UK: A Macro-economic Perspective, Journal of Interna-tional Financial Management & Accounting, 22 (2): 91-113.

42. Uddin, M. & Boateng, A. (2011). Explaining the trends in the UK cross-border mergers & acquisitions: An analysis of macro-economic factors, International Business Review, 20 (5): 547-556.

43. Boateng, A & Bampton, R. (2010). Mergers and Acquisition Integration Process: The Role of Management Accountant, Chartered Institute of Management Accountants, Report 187, RES, Vol. 6, Issue 5, May, 2010.

44. Wu, J. & Boateng, A. (2010Factors Influencing the Changes in Management Accounting Practices in foreign-partnered Joint Ventures and SOEs in China, Journal of Change Man-agement, 10 (3): 315-329.

45. Nunkoo, P. & Boateng, A. (2009). Determinants of Target Capital Structure and Adjust-ment to Long Run Target: Evidence from Canadian Firms, Applied Economics Letters, 17 (10): 983-990.

46. Uddin, M. & Boateng, A. (2009). An Analysis of Short-run Performance of the UK Cross-border Mergers and Acquisitions: Evidence from the Acquiring Firms), Review of Ac-counting & Finance, 8 (4): 431-453.

47. Boateng, A., Wang Q. & Yang T. (.2008) An Analysis of Strategic Motivation and Perfor-mance of Cross-border mergers and acquisitions in China, Thunderbird International Business Review, 50 (4): 259-270, July/August.

48. Wu, J., Colin Drury & A. Boateng (2007). An Analysis of the Adoption, Perceived Bene-fits, and Expected Future Emphasis of Western Management Accounting Practices in Chi-nese SOEs and JVs, The International Journal of Accounting, 42 (2): 171-185.

49. Lodorfos, G. & Boateng, A. (2006). The Role of Culture in the Mergers & Acquisitions Integration Process: Evidence from European Chemical Industry, Management Decision, 44 (10): 1405 – 1421.

50. Boateng, A. (2004). Determinants Capital Structure: Evidence from International Joint Ventures in Ghana, International Journal of Social Economics, 31 (1/2): 56 – 66.

51. Boateng, A. & Glaister, K.W. (2003). Strategic Motives for International Joint Venture Formation in Ghana, Management International Review, 43 (2): 2nd Quarter,107 - 128, 2003.

52. Akamavi, R., Mckevitt, A. & Boateng, A. (2004). Assessing the Francophone West Africa Market: An ETOP Analysis, Marketing Intelligence & Planning, 22 (4): 455 -471.

53. Boateng, A. & Glaister, K.W. (2003). Performance of International Joint Ventures: Evi-dence from West Africa, International Business Review, 11, (5): 523 - 541, 2002.

54. Boateng, A., Akamavi, R. & Henderson, R. (2002). International Joint Ventures in West Africa: Source of Funding and Barriers to Finance, International Journal of Business Studies, 10 (1): 59 - 72,

55. Boateng, A. & Glaister, K.W. (1999). Foreign Direct Investment in Ghana: Patterns of Ac-tivity, Distribution and the Role of Government Policy, Journal of Euromarketing, 8 (4): 51- 74.

Research interests/expertise

Current research interests include: financing strategies & investments by emerging market multinational companies, firm governance; bank risk-taking behaviour and performance.

Areas of teaching

Financial Markets & Institutions

Qualifications

PhD (University of Leeds); MA; MBA; PGCHE; FHEA

Courses taught

Financial Markets (BA);Corporate Finance (MBA; EMBA); Fixed Interest Investments; International Finance (MA); Developing Management Research (PhD)

Honours and awards

1. Emerald Citation of Excellence 2015. What Drives the Internationalization of Chinese Firms? Testing the Explanatory Power of Three Theoretical Frameworks, International Business Review, 21, pp.425-438, (with Wang, Chengqi, Hong, J, Kaforous, M)

2. 2013 Elsevier Best Paper Award What Drives the Internationalization of Chinese Firms? Testing the Explanatory Power of Three Theoretical Frameworks, International Business Review, 21, pp.425-438, (with Wang, Chengqi, Hong, J, Kaforous, M)

3. 2010 International Finance Forum Excellent Paper Award Method of Payment and Long-run Performance of Chinese Domestic Mergers & Acquisitions, (with Xiaogang Bi) Ningbo-Nottingham International Finance Forum, September 6-7, 2010, University of Nottingham. China

4. 2009 British Academy Management Best Paper Award Motives for Cross-border Mergers and Acquisitions, Evidence from Multiple Source, (with K. Glaister, M. Uddin, G. Lodorfos), British Academy of Management, Brighton, UK, 2009.

5. 2006 Best paper and presenter Award, International Academy of African Business Development Conference, Ghana Institute of Management and Public Administration, May 23-27, 2006. Financing Micro-Small Businesses in Ghana: An Analysis of Sources of Finance and Barriers to Bank Credit.

Membership of professional associations and societies

  • European Finance Association
  • British Academy of Management
  • Academy of International Business
  • Fellow - Higher Education Academy

Current research students

Happiness Robert (1st Supervisor)

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