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

Social Media: scholar.google.co.uk/citations?user=uVPdcmIAAAAJ

 

Personal profile

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; Accounting Forum 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 Dimensions, 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 Sustainability 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, International 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 & Acquisitions: 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:

7)    Kwabi, F. & Boateng, A. (2020). The effects of insider trading laws and enforcement on stock market transaction cost. Review of Quantitative Finance and Accounting, Forthcoming

8)    Boateng, A., Wang, Y., Ntim, C.G. & Glaister, K.W. (2020). National Culture, Corporate Governance and Corruption: A Cross-country Analysis, International Journal of Finance and Economics, In Press

9)    Brahma, S., Boateng, A. & Nwafor, C. (2020). Board Gender Diversity and Firm Performance: The UK evidence, International Journal of Finance and Economics, In Press

10) Kwabi, F., Boateng, A., Fosu, S., Zhu, T. & Chijoke-Mgbame, M. (2020). Foreign equity portfolio flow and corruption: A cross-country evidence, International Journal of Finance & Economics, In Press.

11) Chijoke-Mgbame, M., Boateng, A. & Mgbame, C.O. (2020). Board Gender Diversity, Audit Committee and Financial Performance: Evidence from Nigeria, Accounting Forum, In Press.

12) 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.

13) 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.

14) 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.

15) 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 Review of Financial Analysis. 63, 285-295, 2019

16) 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 Business & Finance, 4, 311-326.

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

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

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

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

21) 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.

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

23) 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

24) 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.

25) 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.

26)  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.

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

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

29) Boateng, A. & Huang, W. (2017). Multiple Large Shareholders, Excess Leverage and Tunnelling: Evidence from Emerging Market, Corporate Governance: An International Review, 25, 1: 58-74.

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

31) 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 Marketing Review, 34, 1:87-103.

32) 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.

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

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

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

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

37) Huang, W. & Boateng, A. (2016), On the Value Relevance of Analyst Opinions and Institutional Shareholdings in China, International Journal of Accounting and Information Management24, 3, 206-225.

38)  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

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

40)  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, 39, 158-166.

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

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

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

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

45)  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.

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

47) 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.

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

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

50) 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.

51) 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 International Financial Management & Accounting, 22 (2): 91-113.

52) 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.

53) 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.

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

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

56) 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 Accounting & Finance, 8 (4): 431-453.

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

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

59) 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.

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

61) 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.

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

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

64) 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,

65) Boateng, A. & Glaister, K.W. (1999). Foreign Direct Investment in Ghana: Patterns of Activity, 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; Research Methods

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

Forthcoming events

 

e.g Conferences/festivals/campaigns

Conference attendance

1.     Boateng, A. & Du, M. (2019). Do conforming to state-directed investment policies in emerging countries create value for acquiring firms, 2019 Vietnam Symposium in Banking and Finance (VSBF2019), 24-26 October 2019, Hanoi, Vietnam.

2.     Cultural Distance and Cross-border Mergers & Acquisitions: The moderating role of Acquirer characteristics, (with M. Du), 26th PBFEAM conference, Rutgers University, USA. Sept. 6 -7, 2018.

3.     Effects of Board Composition, Monitoring and Performance in UK banks (with Jia Lu), European Financial Management Conference, Athens Greece, 2017

4.     The Impact of Board Characteristics on Credit Risk in the UK Banking Industry, (with Jia Lu), European Finance and Banking Conference, Bologna, Italy, September 2-3, 2016 

5.     Government Investment policy and Stock Market Reaction, (with Min Du) Eighth Annual Meeting of the Academy of Behavioral Finance & Economics, UNLV in Las Vegas, Nevada, September 21-23, 2016

6.     Explaining the Surge in Chinese Cross-border M&As: The Role of Home Country Macroeconomic Factors & Institutions, (with Du, M. and Wang, Y.), 21st Multinational Finance Society Annual Conference, Prague, Czech Republic, 2014

7.     Executive and Board Shareholding, Compensation and Analyst Forecasts of Chinese Firms (with Wei Huang), European Financial Management Association Conference Rome, Italy, 25-28 June, 2014

8. An Analysis of Long-term Acquirers’ Returns of Cross-border Mergers and Acquisitions by Chinese Firms (with Du Min), World Finance & Banking Symposium, Beijing, 16-17 December, 2013 

9.     Long-term Value Creation of cross-border Mergers and Acquisitions: Evidence from Chinese Acquiring Firms (with Min Du) 2013 AIB-South-East Annual Conference, 25-27 October, Atlanta, Georgia, USA 

10.  Resource seeking and the Role of Government in Chinese cross-border mergers and acquisitions (with Min Du), 2013 International Journal of Accounting Symposium, Sponsored by KPMG & Zhongnan University of Economics and Law, Wuhan, China, May 17–20, 2013

11.  Cross-Border Acquisitions and Value Creation of Chinese Firms: Where is the Beef? (with Lei Li, Xiaogang Bi, Winnie Tu) AIB 2013 Istanbul Conference, 4-6 July,

12.  An Analysis of Involuntary Excess Reserves, Monetary Policy and Risk-taking Behaviour of Chinese Banks (with Thai Nguyen), 3rd International Conference of the Financial Engineering and Banking Society (FEBS), 6-7-8 June, 2013, ESCP Europe Paris campus

13.  State Ownership, Institutional Effects and Value Creation in Cross-border Mergers & Acquisitions by Chinese Firms (with Min Du), AIB 2013 Istanbul Conference.

14.  Governance, Executive Compensation and Performance of UK Non-profit Organisations, (with G. Ndoro), British Academy of Management Conference, 14-16 September, 2010, University of Sheffield, UK  

15.  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, Excellent Paper Award

16.  Determinant of Executive Compensation in the UK Charities (with Girlie Ndoro), British Accounting Association, University of Cardiff, April, 2010.

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

18.  Micro-Small Sized Enterprises and Bank Credit: Evidence from West Africa, British Accounting Association, University of Dundee, 2009

19.  The Role of Management Accountants in Mergers and Acquisition Integration Process, British Accounting Association Conference 2008, Blackpool

20.  Governance, Executive Compensation and Performance of UK Non-profit Organisations, British Academy of Management Conference, 14-16 September, 2010, University of Sheffield, UK  

21.  Adoption of management accounting practices in joint ventures: Evidence from China (with Junjie Wu) BAA Annual Conference, 3-5 April 2007, Royal Holloway, University of London.

22.  Environmental Factors Influencing the adoption of Management Accounting Practices in SOEs and JVs in China. (with Junjie Wu, Colin Drury and John Foster) BAA Annual Conference, 3-5 April 2007, Royal Holloway, University of London.

23.  Factors Influencing the Extension of Bank Credit to Micro-Small Enterprises in Ghana, International Academy of African Business Development Conference, May 2007, London Metropolitan University

24.  Motives of Cross-border Mergers and Acquisitions: Evidence from the UK, with M.Uddin) British Academy of Management Conference, 2007, University of Warwick

25.  Explaining the Surge in Cross Border Mergers and Acquisitions: Evidence from the UK, (with M.Uddin) British Academy of Management Conference, September 12th- 14th, 2006

26.  The Role of Culture in Enhancing the Success of Mergers & Acquisitions in the Chemical Industry, (G. Lodorfos), British Academy of Management Conference, September 12th- 14th, 2006

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

28.  Foreign Market Entry Strategies and Performance Relationship. British Academy of Management Conference, Said Business School, Oxford University, September, 13-15, 2005.

29.  An Analysis of Motives for Mergers and Acquisitions: Evidence from Norway, British Academy of Management Conference, Harrogate, September 15 -17, 2003

30.  International Joint Ventures in Ghana: Factors Influencing the Choice of Capital Structure. IAABD Conference, Westminster University, London, 9-12 April, 2003

31.  Scanning Business Environmental Forces of the Francophone West Africa Market: ETOP Analysis Framework (with Dr R. Akamavi & Andrew Mckevitt) IAABD Conference Westminster University, London, 9-12 April, 2003

32.  An Analysis of Location Specific Factors of Joint Ventures in Ghana: Evidence from the TRIAD, IAABD Conference, Atlanta, U.S.A, 7th – 10th April, 2004

 

 

 

 

 

 

 

Current research students

Samuel Fulgence (1st Supervisor)

Pattamon Rungmaitree (1st Supervisor)

Happiness Robert (1st Supervisor)

Osagie Ogholoh (2nd Supervisor)

 

 

 

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