Dr Albert Danso

Job: Associate Professor

School/department: Leicester Castle Business School

Address: Hugh Aston 3.46, De Montfort University, Leicester, LE1 9BH

T: 0116 250 6117

E: albert.danso@dmu.ac.uk

W: http://dmu.ac.uk


Personal profile

I currently serve as an Associate Professor and Lead of the Finance Subject Group at the School of Accounting, Finance & Economics at De Montfort University (DMU). Additionally, I hold the role of Associate Editor at three esteemed journals, the International Journal of Finance and Economics (ABS 3 Rated Journal), Business Strategy and the Environment (ABS 3 Rated Journal) and Corporate Social Responsibility and Environmental Management (ABS 1 Rated Journal). Before assuming my current position, I held the role of Associate Head of Research & Enterprise in the School of Accounting, Finance, and Economics at DMU. My journey at Leicester Business School began in November 2016, transitioning from Richmond, The American University in London, where I worked as an Assistant Professor of Mathematics and Economics. Prior to my tenure at Richmond, I served as a Lecturer at Leeds Beckett University. My teaching and research interests span a wide range of topics, including corporate finance, corporate governance, credit market performance, fintech, corporate sustainability, and stakeholder engagement. I have taught various modules such as corporate finance, financial econometrics, international accounting and finance issues, liquidity and financial risk management, and research methods to both undergraduate and postgraduate students. In addition to my roles at DMU, I also hold a visiting scholar position at the Sunwah International Business School (Liaoning University) in Shenyang, China. I maintain a deep-seated passion for finance and management, and my extensive publication record reflects this, with contributions to numerous internationally recognised journals including the Journal of Financial Research, International Journal of Finance and Economics, International Review of Financial Analysis, Review of Quantitative Finance and Accounting, Managerial Finance, Journal of Business Research, International Business Review, International Small Business Journal, and Venture Capital. My educational background includes a PhD in Accounting and Finance from York Management School, an MSc with Merit in Finance from Leeds Business School, and a BA with First Class honours from the University of Ghana. Additionally, I hold a Fellow of the Higher Education Academy (FHEA).

Research group affiliations

Publications and outputs

Research interests/expertise

  • Corporate finance
  • Credit market performance
  • Corporate governance
  • Corporate sustainability & stakeholder engagement

Areas of teaching



PGCLTHE (DMU), PhD (York), MSc (Leeds), BA (Ghana)

Courses taught

International Accounting and Finance Issue

Corporate Finance 

Liquidity and Financial Risk Management

Honours and awards

1. IBR Best Paper Award Runner-Up 2021 - Environmental Sustainability Practices and Offshoring Activities of Multinational Corporations Across Emerging and Developed Markets (Co-authored with Lartey T., Amankwah-Amoah J., Adomako S., Khan Z. & Tarba S. Y.) International Business Review 2021. 

2. WINNER of Research Mentor of the Year 2021, Faculty of Business and Law, De Montfort University, Leicester

3. WINNER of Highly Commended Outstanding Contribution to Research 2020, Faculty of Business and Law, De Montfort University, Leicester

4. WINNER of Emerald Literati Highly Commended Paper Award for a co-authored paper published in Managerial Finance Journal. Danso, A & Adomako, S (2014). Financing behavior of firms and financial crisis. Managerial Finance 40(12):1155-1174 

Membership of professional associations and societies

Fellow of Higher Education Academy (FHEA)

Conference attendance

Conference Presentations

  • Performance Drivers of Venture-Backed Firms in an Emerging Market Context: The Full Picture. British Accounting and Finance Association Annual Conference, Nottingham, UK. April 2022.

  • Conditional Heteroscedasticity in Mauritius and Zambia Stock Market Returns with Varying Distribution Densities. Africa Accounting and Finance Association Conference, Mauritius.  Sept. 2015

  •  Information Asymmetry, Leverage and Firm Value. Africa Accounting and Finance Association Conference, Mauritius.  Sept. 2015

  • Financial literacy, access to finance, resource flexibility and firm performance in an emerging economy. The Institute for Small Business and Entrepreneurship (ISBE) Conference, Manchester.  Nov. 2014

  • Firm-level Determinants of Capital Structure: Evidence from Sub-Saharan Africa Africa Accounting and Finance Association Conference, Kampala, Uganda. Sept. 2013

Key articles information

43. Charity can still begin at home: Examining the drivers and boundary conditions of Africa-to-Africa outward foreign direct investment (OFDI) (with Owusu-Yirenkyi D, Akolgo P.M, Naab G.Z. & Francis Donbesuur) Journal of International Management 2024.

42. Public firm presence, growth opportunity and investment in fixed intangible assets of private UK firms (with Adu-Ameyaw E., Boateng A. & Iyiola B.) Journal of Applied Accounting Research 2023.

41. Interbank market structure, bank conduct, and performance: evidence from the UK (with Lartey T., James G. & Boateng A.) Journal of Economic Behavior and Organization 2023.

40. Investment-cash flow sensitivity: Evidence from investment in identifiable intangible and tangible assets activities (with Adu-Ameyaw E., Uddin M. & Acheampong S.) International Journal of Finance and Economics 2022.

39. Firm-level political risk and corporate leverage decisions (with Gyimah D., Adu-Ameyaw E & Boateng A.) International Review of Financial Analysis, 2022.

38. Strategic Agility of SMEs in Emerging Economies: Antecedents, Consequences and Boundary Conditions (with Adomako S., Amankwah-Amoah J., Donbesuur F., Ahsan M. & Uddin M.) International Business Review 2022.

37. CEO overconfidence and IRS Attention (with Lartey T., Uddin M & Wood G.) Journal of Financial Stability 2022

36. Growth opportunity and investment policy: the role of managerial incentives (with Adu-Ameyaw E. & Hickson L.) Managerial and Decision Economics 2022.

35.Sustainability orientation, CSR implementation and new venture growth (with Adomako S., Amankwah-Amoah J. & Lartey T.) European Business Review 2022.

34. R&D spending intensity of private versus public firms: the role of cash flow, leverage, and information quality (with Adu-Ameyaw E., Hickson L. & Lartey T.) Journal of Applied Accounting Research 2022.

33. Bank business models, failure risk and earnings opacity: A short- versus long-term perspective (with Lartey T., James G. & Boateng A.) International Review of Financial Analysis  2022.

32. Managerial compensation and fixed intangible assets investment: the role of managerial ownership and firm characteristics (with Adu-Ameyaw E. & Hickson L.) Journal of Applied Accounting Research 2022.

31. CEO overconfidence and debt covenant violations (with Lartey T.)     Journal of Financial Research 2022.

30. Co-opted boards and capital structure dynamics (with Lartey T. & Boateng A.) International Review of Financial Analysis  2021.

29. Interbank funding, bank risk exposure and performance in the UK: a three-stage network DEA approach (with Lartey  T. & James G.) International Review of Financial Analysis  2021.

28. Executive bonus compensation and financial leverage: do growth and executive ownership matter? (with Adu-Ameyaw E., Acheampong S. & Akwei C.) International Journal of Accounting & Information Management 2021

27. CEO sustainability orientation and firm environmental performance: networking and resource contingencies (with Adomako S., Amankwah-Amoah J. & Obeng-Dankwah G.) Business Strategy and the Environment 2021

26. Corruption and SME Growth: The Roles of Institutional Networking and Financial Slack (with Adomako S., Ahsan M., Amankwah-Amoah J., Kesse A. & Frimpong K.) Journal of Institutional Economics 2021.

25. Environmental Sustainability Practices and Offshoring Activities of Multinational Corporations Across Emerging and Developed Markets (with Lartey T., Amankwah-Amoah J., Adomako S., Khan Z. & Tarba S. Y.) International Business Review 2021. 

24. CEOs’ market sentiment and corporate innovation: the role of financial uncertainty, competition and capital intensity (with Lartey  T. & Owusu-Agyei S.) International Review of Financial Analysis  2020.

23. CEO extraversion and capital structure decisions: the role of firm dynamics, product market competition and financial crisis (with Lartey  T. & Kesse K.) Journal of Financial Research 2020.

22. Capital structure revisited. Do crisis and competition matter in a Keiretsu corporate structure? (with Fosu S., Owusu-Agyei S., Ntim C. G. & Adegbite E.)  International Journal of Finance and Economics 2020.

21. Credit information sharing and bank loan pricing: Do concentration and governance matter? (with Fosu S., Agyei-Boapeah H. &  Ntim C. G.)  International Journal of Finance and Economics 2020.

20. Home country institutional impediments and international expansion of developing country SMEs (with Adomako, S., Frimpong, K; Amankwah-Amoah, J.,Uddin, M; Kesse, K.)  International Business Review 2020.

19. Leverage and performance: Do size and crisis matter? (with Lartey T., Gyimah D. & Adu-Ameyaw E.) Managerial Finance 2020.

18. CEOs' reputation, quality management and environmental innovation: the roles of stakeholder pressure and resource commitment (with Konadu R., Owusu-Agyei S., Lartey T., Adomako S. & Amankwah-Amoah J.) Business Strategy and the Environment 2020.

17. Globalization, free markets and investor protection (with Lartey T.) Economics and Business Letters 2020.

16. R&D intensity, knowledge creation process and new product performance: the mediating role of international R&D teams (with Adomako S., Amankwah-Amoah, J.,Danquah J.K., Hussain Z. and Khan Z.) Journal of Business Research 2019.

15. Credit Information sharing and loan default in developing countries: The moderating effect of banking market concentration and national governance quality (with Fosu S., Agyei-Boapeah H., Ntim C. G. & Adegbite E.) Review of Quantitative Finance and Accounting  2019.

14. Market sentiment and firm investment decision-making (with  Lartey T., Amankwah-Amoah J., Adomako S., Lu Q. & Uddin M.) International Review of Financial Analysis 2019.

13. Leverage and firm investment: the role of information asymmetry and growth (with Lartey T., Fosu S., Owusu-Agyei S. & Uddin M.) International Journal of Accounting & Information Management 2019. 

12. Stakeholder integration, environmental sustainability orientation and financial performance (with Adomako S., Lartey T., Amankwah-Amoah J. & Owusu-Yirenkyi D.) Journal of Business Research 2019 .

11. The effects of stakeholder integration on firm-level product innovativeness: Insights from small and medium-sized enterprises in Ghana (with Adomako S. & Amankwah-Amoah J.) R&D Management 2019.

10. Going green, going clean: Lean-green sustainability strategy and firm growth (with  Lartey T., Owusu-Yirenkyi D., Adomako S., Amankwah-Amoah J. & Alam A.) Business Strategy and the Environment 2019.

9. Environmental sustainability orientation and performance of family and nonfamily firms (with Adomako S., Amankwah-Amoah J., Owusu-Agyei S. & Konadu R.) Business Strategy and the Environment 2019.

8. Environmental sustainability orientation, competitive strategy and financial performance (with Adomako S., Amankwah-Amoah J., Owusu-Agyei S. & Konadu R.) Business Strategy and the Environment 2019.

7. Entrepreneurial orientation, environmental sustainability and new venture performance: Does stakeholder integration matter?  (with Amankwah-Amoah J. & Adomako S.) Business Strategy and the Environment 2018.

6. How does banking market power affect bank opacity? Evidence from analysts' forecasts.  (with Fosu S., Agyei-Boapeah H.,  Ntim C. G. & Murinde V.) International Review of Financial Analysis 2018.

5. Does financial resource slack drive sustainability expenditure in developing economy small and medium-sized enterprises? (with Boso  N.,  Leonidou C.,  Uddin M.,   Adeola O. & Hultmana M.) Journal of Business Research 2017.

4. Information asymmetry, leverage and firm value. Do crisis and growth matter? (with Fosu S., Wasim A & Coffie W.). International Review of Financial Analysis 2016.

3. Perceived Regulatory Burden, Institutional Ties, Financial Resource Capability and Corporate Social Performance in a Sub-Saharan African Economy (with Adomako S., Obeng G. D., Opoku R. A.) Journal of General Management 2016.

2. The moderating influence of financial literacy on the relationship between access to finance and firm growth (with Adomako S. & Damoah J. O.) Venture Capital 2015. 

1. The financing behaviour of firms and financial crisis (with Adomako S.) Managerial Finance 2014.  

Current research students

  • Linda Hickson (1st Supervisor)
  • Taiwo Akinyemi (1st Supervisor)
  • Annah Buseri (2nd Supervisor)
  • Thywill Gbekle (2nd Supervisor)
  • Ahmed Dabour (1st Supervisor)

Journal & Book Editing

      Journal Editing


   Book Editing

Contribution to Community

Albert is also an active member of The Church of Pentecost (International) and has served in various capacities within the Church. He was the Vice President of PENSA Legon (University of Ghana)  in 2004/2005.  He is a former Presiding Elder of Leeds PIWC. He is also the brainchild behind Graceway Aid (a charity organization based in Leeds, UK).