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Dr Frank Obenpong Kwabi

Job: Associate Professor in Accounting and Finance

Faculty: Business and Law

School/department: Leicester Castle Business School

Address: Hugh Aston Building

T: 0116 201 3862

E: frank.kwabi@dmu.ac.uk

W:

 

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Personal profile

Dr Frank Kwabi is an Associate Professor in Accounting and Finance at 制服无码. He holds a PhD in Finance from the University of Strathclyde, an MSc in Finance from Heriot-Watt University, and a BA (Hons) in Accounting and Finance from Edinburgh Napier University.

His research focuses on Sustainable finance, international finance, corporate governance, and financial innovation, examining how regulatory frameworks, corporate governance structures, and ownership patterns influence corporate behaviour, capital market development, and financial stability in both developed and emerging economies. He has a strong publication record in top-ranked peer-reviewed journals, and his work integrates empirical rigor with policy-relevant insights to advance understanding of sustainable, responsible, and inclusive financial systems.

Dr Kwabi joined 制服无码 in 2016 as a VC2020 Lecturer in Accounting and Finance and was promoted to Senior Lecturer in 2018 and Associate Professor in 2019. He has held several leadership roles, including Deputy Director of the Finance and Banking Research Centre (FiBRe), Institute Head of Research Students, and Postgraduate Research Coordinator for the Department of Accounting and Finance. Prior to joining 制服无码, he worked as a part-time Lecturer in Finance at the University of Strathclyde while completing his PhD. He is a Senior Fellow of the Higher Education Academy (SFHEA) through Advance HE.

His research spans several interrelated themes. In sustainable and green finance, his evolving research agenda explores climate risk, decarbonisation, and sustainable capital allocation. In international finance, he investigates capital market development, equity portfolio diversification, and the effects of regulatory frameworks on financial market performance. In corporate governance, he examines the impact of board and CEO characteristics, ownership structures, and institutional investors on firm risk, corporate decisions, financial reporting quality, and stock price informativeness. His contributions include studies on ownership type and government-directed investment policies in strategic sectors, published in the British Journal of Management (ABS 4). He increasingly integrates digital finance themes, including artificial intelligence, blockchain technologies, and machine learning, to enhance transparency, accountability, and governance in financial markets.

Dr Kwabi’s research has been published in internationally recognized journals such as British Journal of Management, Journal of Business Ethics, Business Strategy and the Environment, Accounting Forum, The International Journal of Accounting, Journal of International Financial Markets, Institutions and Money, International Review of Financial Analysis, Journal of International Accounting, Auditing and Taxation, Review of Quantitative Finance and Accounting, Economics Letters, Financial Research Letters, International Journal of Finance and Economics, Journal of Banking Regulations, Empirical Economics, and Journal of Multinational Financial Management. He also serves as a reviewer for leading international journals, supporting the broader academic community through peer review and editorial engagement.

Dr Kwabi has supervised over 11 PhD students to completion, currently supervises nine doctoral researchers, and has examined six PhD theses. His supervision covers research in Firm-level climate risk, sustainable finance, international finance, corporate governance, capital markets, and digital financial technologies. He has also supervised more than 80 MSc dissertations and teaches a wide range of modules at undergraduate and postgraduate levels, including: Contemporary Issues in Finance and Investment, Risk Management and Financial Institutions, International Financial Markets and Institutions, Entrepreneurial Finance and Financial Management, Corporate Finance, Business Finance, Financial Derivatives, Introduction to Accounting and Finance, and Professional Communication.

His excellence in research and supervision has been recognised through multiple awards, including the BAL of the Ball Award for Excellence in Research & Innovation (2024), the Faculty of Business and Law Award for Postgraduate Research Supervisor of the Year (2020), and the Research OSCARS – Outstanding Contribution to Research Supervision (2020). He was also shortlisted for the Contribution to Research and Research Mentor awards within the Faculty of Business and Law.

 Research Keywords and Expertise

Sustainable Finance • Green Finance • Climate Risk • International Finance • Corporate Governance • Stock Price Informativeness • Greenhouse Carbon Emissions • Capital Allocation Efficiency• Capital Market Development • Investor Protection • Financial Regulation • Corporate Social Responsibility • Cost of Capital • Insider Trading Regulations • Digital Finance • Artificial Intelligence in Finance • Blockchain in Finance • Financial Market Efficiency • Emerging Financial Markets.

 He welcomes PhD proposals in the following areas:

  1. Sustainable and green finance
  2. Climate risk and financial markets
  3. Blockchain and machine learning
  4. Digital finance and financial technologies
  5. International finance and capital markets
  6. Corporate governance and ownership structures

Publications and outputs


  • dc.title: Do the Generational Cohorts of CEOs Influence Corporate Travel Emissions? dc.contributor.author: Adamolekun, Gbenga; Kwabi, Frank; Neelu, Seetaram dc.description.abstract: According to Mannheim鈥檚 generational theory, each generation exhibits unique attitudes that shape its behaviour. This paper suggests that a CEO鈥檚 generational background can shape their environmental views, which, in turn, influence the company鈥檚 business travel policies. Using econometric models and data from 347 firms in 31 countries, the study tests this idea. Results show that companies led by Millennials or Generation X CEOs tend to produce fewer emissions from business trips compared to those led by Baby Boomer CEOs. However, this effect is influenced by CEO tenure: longer tenure is associated with lower travel emissions. Overall, the data indicate that a CEO鈥檚 age is positively related to higher business travel emissions. dc.description: open access article

  • dc.title: Do monitoring or advisory lead independent directors with financial expertise matter to managerial opportunism? dc.contributor.author: Owusu, Andrews; Hu, Wansu; Kwabi, Frank; Omoteso, Kamil dc.description.abstract: Motivated by the increasing interest and the monitoring and advisory roles that a lead independent director may play to decrease managerial opportunism; we examine the relationship between monitoring or advisory lead independent directors and managerial opportunism proxied by earnings management. Using a panel data of US firms from 2001 to 2020, we find that monitoring lead independent directors rather than advisory lead independent directors is negative and significantly associated with discretionary accruals. In an additional analysis, we find that advisory rather than monitoring lead independent directors improve earnings persistence and future cash flows, suggesting that both monitoring and advisory lead independent directors play complementary roles when it comes to corporate performance/earnings quality. We also find that, regardless of the role they play within boardrooms, monitoring and advisory lead independent directors with financial expertise have a decreasing effect on discretionary accruals. These findings provide new insights and improve our understanding of how monitoring and advisory lead independent directors contribute to corporate performance in complementary ways. dc.description: open access article

  • dc.title: Disentangling the Effects of Firm鈥怢evel Climate Risk and Capital Market Signalling: Evidence From Stock Price Informativeness dc.contributor.author: Kaur, Rawinder; Kwabi, Frank; Hu, Wansu; Fulgence, Samuel; Lancastle, Neil dc.description.abstract: This study examines the impact of firm-level climate risk on stock price informativeness (SPI) through the integrated lens of stakeholder鈥搒hareholder theory. Using a global unbalanced panel of 73,770 firm-year observations across 38 countries (2000鈥�2020), we find that higher carbon emissions significantly reduce SPI, reflecting increased information asymmetry. Governance mechanisms, specifically board size, independence, tenure and nationality mix, consistently moderate this effect by enhancing disclosure and mitigating opacity. The negative relationship between emissions and SPI is strongest in common law countries and those with high institutional quality, where stricter enforcement and disclosure regimes heighten investor sensitivity to environmental risks. Additionally, we document that transparency in emission disclosure, financial risks and environmental liabilities is identified as a key channel through which firm-level climate risk affects market informativeness. Furthermore, higher SPI is associated with lower cost of capital, more efficient capital allocation and reduced crash risk. This study contributes novel insights to the climate finance literature by integrating firm-level governance factors with cross-jurisdictional analysis. Robustness checks, including placebo tests, alternative SPI measures and system GMM estimation, confirm the validity of our results and underscore the importance of institutional context in pricing environmental risk. dc.description: open access article

  • dc.title: Just The Way I am Wired: CEO Generation and Corporate Carbon Emissions dc.contributor.author: Adamolekun, Gbenga; Kwabi, Frank; Adekunle, Ibrahim Ayoade dc.description.abstract: In this study, we analyse the link between CEO generational experience and corporate carbon emission pollution. When differentiating CEOs by their generational cohorts, we find that firms led by CEOs from the millennial generation and Generation X emit less carbon. Alternatively, firms led by CEOs from the Boomer generation tend to have a higher carbon footprint. One of the primary channels that explains the result is media coverage of climate concerns. With recent evidence suggesting that millennials engage more with modern media than other generational cohorts, the results of the analysis suggest that this exposure translates to reduced corporate carbon emissions when climate change concern is high. The findings are robust to alternative specifications, such as difference-in-differences regression, strict sample selection criteria and propensity score matching. dc.description: open access article

  • dc.title: The impact of central bank independence and transparency on banks' non-performing loans and economic stability dc.contributor.author: Mamoon, Abdullah; Kwabi, Frank; Ezeani, Ernest; Hu, Wansu dc.description.abstract: The global financial crisis of the past decade had a detrimental impact on banking institutions worldwide. In both developed and developing countries, it is widely documented that the proportion of non-performing loans is often linked to bank collapse and financial crises. Existing studies show that central bank independence and transparency are important for a country's financial stability and institutional quality. Building on this premise, we investigate whether central bank independence and transparency affect the occurrence of non-performing loans. Using panel data from 39 countries, we find that central banks free from political interference reduce non-performing loans. Similarly, transparent central banks with a lower degree of information symmetry reduce the prevalence of non-performing loans. Thus, our findings support that independent and transparent central banks minimize the incidence of non-performing loans. The results imply that independent central banks indirectly impact bank operational outcomes. Our results are robust to a battery of tests and specifications.

  • dc.title: The Impact of Social Media Activities on Stock Price Informativeness dc.contributor.author: Hu, Wansu; Kwabi, Frank; Fulgence, Samuel; Boateng, Agyenim; Iyiola, Bolaji dc.description.abstract: This study investigates the influence of social media activities on stock price informativeness. Using a panel of 49 countries with 231,462 balance-panel firm-year observations from 2010 to 2020, we find that social media activities increase stock price informativeness. Furthermore, social media engagement for political and civil activities reduces information asymmetries that are linked to greater stock price informativeness. We further evidence that the intensity of the impact of social media activities varies between economic development and sectors, which implies that while some of the social media activities proxies are more pronounced in developed countries others are more pronounced in emerging economies. The same applies to the services and non-services sectors. The result is more pronounced when varying offline political actions are most commonly mobilized on social media. For identification, we employ principal component analysis, difference-in-difference, and propensity score matching. dc.description: open access article

  • dc.title: CEO power and firm decarbonisation efforts dc.contributor.author: Kwabi, Frank; Adamolekun, Gbenga; Kyiu, Anthony dc.description.abstract: Using a global sample of 899 firms from 26 countries for the period 2000 to 2021, this study investigates the effect of CEO power on firms鈥� decarbonisation efforts. We find that firms with higher levels of CEO power are associated with lower carbon emissions. Further analysis indicates that nationally diverse boards and older board members amplify the negative relationship between CEO power and carbon emissions. Similarly, powerful CEOs with high academic qualifications aggressively pursue corporate decarbonisation. The impact of CEO power on decarbonisation is more noticeable in carbon-intensive industries. Lastly, we document that climate legislation can be catalytic for decarbonisation. dc.description: open access article

  • dc.title: Corporate Social Responsibility, Related Party Transaction and Earnings Management: Evidence from India dc.contributor.author: Mishra, Rohan Kumar; Kwabi, Frank; Chandra, Abhijeet dc.description.abstract: We examine the interplay between corporate social responsibility (CSR) and related party transactions (RPT). We find that while RPTs increase CSR expenditure overall, business RPTs specifically lead to higher CSR spending, while tone RPTs tend to decrease it. Further analysis shows that CSR expenditure is expropriated through earnings management for firms that have significant RPT. We also document that high ownership concentration reduces CSR expenditure. Our results are robust to the two-step system Generalized Method of Moments (GMM) model, Heckman two-step selection model, and several other robustness tests. The study extends the understanding of relationships between CSR and RPT and how earnings management activities and ownership concentration can affect the interplay. Policymakers should implement measures to restrict RPT misuse and establish robust monitoring mechanisms. Indian firms should strengthen corporate governance frameworks to improve transparency in RPT oversight, ensuring alignment with sustainability goals. dc.description: The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.

  • dc.title: Ownership Structure, Corporate Governance Disclosure, and the Moderating Effect of CEO Power: Evidence from East Africa dc.contributor.author: Fulgence, Samuel; Boateng, Agyenim; Kwabi, Frank dc.description.abstract: This study examines the effect of ownership structure (classified as concentrated, institutional, and managerial ownership) on corporate governance (CG) disclosure. Using a sample of 96 East African firms, we document that, whereas concentrated ownership has a negative effect, institutional ownership has a positive and significant association with CG disclosure. However, we find the effect of managerial ownership on CG disclosure to be negative and insignificant. We also find CEO power to moderate the link between ownership structure and CG disclosure. Further analysis indicates that, whereas the effects of institutional and concentrated ownerships on CG disclosure remain unchanged irrespective of a firm鈥檚 debt levels, the effect of managerial ownership on CG disclosure is driven by external pressures associated with debt financing. Our findings provide evidence on how different ownership types have different preferences, thereby influencing corporate disclosure practices differently. Our results are robust to the two-stage system generalised method of moments (SGMM) and other alternative sensitivity tests.

  • dc.title: Corporate Board Reform and Capital Structure Dynamics: Evidence from UK dc.contributor.author: Ezeani, Ernest; Fulgence, Samuel; Hu, Wansu; Kwabi, Frank; Chizindu, Wonu dc.description.abstract: Theoretical arguments suggest that corporate board reform will influence firms' capital structure choices. Consistent with this argument, we examine the impact of corporate board reform on the capital structure dynamics of UK firms. Using 12,384 firm-year observations between 2006 and 2020, we provide evidence of a higher speed of adjustment (SOA) after board reform. Using an additional analysis, we find that firms with higher agency costs (in the pre-reform phase) are more likely to implement the monitoring effect of debt. Also, our decomposition analysis shows that firms increased both short-term and long-term debt after the board reform, suggesting that improved board monitoring positively impacts firm leverage. Our results are robust to alternative leverage proxies and batteries of robustness tests. dc.description: The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.

Research interests/expertise

  • Corporate Finance
  • International portfolio diversification
  • Cost of capital
  • Stock market development
  • Investor protection standards
  • Insider trading
  • Equity home and foreign bias

Areas of teaching

  • Corporate Finance
  • Portfolio Management
  • Introduction to Finance and Accounting
  • Derivatives

Qualifications

PhD University of Strathclyde

MSc Heriot Watt University

PG Cert University of Strathclyde

BA (Hons) First Class Edinburgh Napier University

制服无码 taught

Current teaching:

  • Performance Measurement in Organisations (Year 2)
  • Professional Communication (Year 1)
  • International Financial Markets and Institutions (Postgraduate)

Previous taught:

  • ACFI 3203 Business Finance (Year 3)
  • ACFI 1203 Financial Decision Making (Year 1)
  • CORP 2165 Contemporary Management (Year 2)
  • LCBS5000 Entrepreneurial Finance and Financial Management (Postgraduate – Module Leader)

Previous admin role:

  • Doctoral Research Coordinator - Department of Accounting and Finance

Current admin roles:

  • Institute Head of Research Students
  • Module Leader: Performance Measurement in Organisations
  • Module Leader: International Financial Markets and Institutions

Honours and awards

1. Winner: BAL of the Ball Award: Excellence in Research & Innovation Award (2024).

2. Winner: Faculty of Business and Law Awards for Postgraduate Research Supervisor of the Year (2020).

3. Winner: Research OSCARS for Outstanding Contribution to Research Supervision (2020).

4. Nominated: Faculty of Business and Law Awards for Contribution to Research (2020).

5. Nominated: Faculty of Business Awards for Research Mentor (2020).

6. Supervised Dr Samuel Fulgence who won the best thesis award for the faculty of Business and Law (2020).

Membership of external committees

European Finance Association

Royal Economic Society

American Finance Association

Senior Fellow of Higher Education Academy (SFHEA)

Conference attendance

Kwabi, F.O., Hu, W., Fulgence, S., Boateng, A (2024) The impact of social media activities on stock price informativeness: Future Finance and Economics Association. Reading, UK.

Kwabi, F.O., Boateng, A., Wonu, C., Guney, Y (2023) Political uncertainty and portfolio investment allocation: international evidence, International Finance and Banking Society (IFABS) Conference, Said Business School, University of Oxford, 24-26 July 2023.

Kwabi, F.O., Neupane, S., Paudyal, K., and Thapa, C (2014) International portfolio investment and stock market development: British Accounting and Finance Association, London School of Economics, London. 

Kwabi, F.O., Neupane, S., Paudyal, K., and Thapa, C (2014) Foreign portfolio investor’s influence and investor protection standards: Scottish DTC Business and Management Pathway PhD Colloquium at Stirling Management Centre. University of Stirling.

Kwabi, F.O., Faff, R., Marshall., and Thapa, C (2013) Sub-optimal portfolio allocation and cost of capital: 7th International Accounting and Finance Doctoral Symposium. Bologna, Italy.

Key articles information

 2026

41. Adamolekun, B.,  Kwabi, F. O.,  Seetaram, N.  (2026). Do the generational cohorts of CEEs influence corporate travel emissions? Business Strategy and the Environment. DOI: 

40. Owusu, A., Hu, W.,  Kwabi, F. O.,  Omoteso, K. (2026). Do monitoring or advisory lead independent directors with financial expertise matter to managerial opportunism? Journal of International Accounting, Auditing and Taxation, 100752. DOI: 

2025

39. Kwabi, F. O., Adamolekun, B., Kyiu, A.(2025). CEO power and firm decarbonisation efforts. International Review of Financial Analysis. 104044. DOI: 

38. Mishra, R. K., Kwabi, F. O., Chandra, A. (2025). Corporate social responsibility, related party transactions, and earnings management: Evidence from India. Journal of Business Ethics 1-39. DOI: 

37. Hu, W., Kwabi, F. O., Fulgence, S., Boateng, A., Iyiola, B. (2025). The impact of social media activities on stock price informativeness. International Journal of Finance & Economics – In press. DOI: 

36. Kaur, R.,  Kwabi, F. O.,  Hu, W., Fulgence, S., Lancastle, N.  (2025). Disentangling the effects of firm-level climate risk and capital market signalling: Evidence from stock price informativeness. Business Strategy and the Environment. DOI: 

35. Adamolekun, G., Kwabi, F. O., Adekunle, I. A. (2025). Just the way I am wired: CEO generation and corporate carbon emissions. Finance Research Letters, 108474. DOI: 

2024

34. Fulgence, S., Boateng, A., Kwabi, F. O. (2024). Ownership structure, corporate governance disclosure, and the moderating effcts of CEO power: Evidence from East Africa. Accounting Forum  1-30. DOI: 

33. Ezeani, E., Fugence, S., Hu, W., Kwabi, F. O., Wonu, C. (2024), Corporate board reform and capital structure dynamics: Evidence from UK. Review of Quantitative Finance and Accounting  1-31. DOI:     

32. Kwabi, F. O., Fulgence, S., Adamolekun, B. (2024). CEO Hubris and Corporate Carbon Footprint: The Role of Gender Diversity. Business Strategy and the Environment 33(8), 8102-8125. DOI: 

31. Kwabi, F. O., Owusu, A., Ezeani, E., Boateng, A. (2024). The impact of political uncertainty on the cost of capital. Review of Quantitative Finance and Accounting 62 (4), 1397-1429. DOI: 

30. Kwabi, F. O., Wonu, C., Ezeani, E., Owusu, A., Leone, V. (2024). Impacts of cross-border equity flow and central bank transparency on financial development: The role of economic freedom and international bonds. International Journal of Finance & Economics  – In press. DOI: 

29. Owusu, A., O’Sullivan, N., Kwabi, F. O., Holmes, M. D. (2024). Why do female lead auditors charge a fee premium? Evidence from the UK audit market. Journal of International Accounting, Auditing and Taxation  57, 100650. DOI: 

28. Mamoon, A., Kwabi, F. O., Ezeani, E., Hu, W. (2024). The Impact of Central Bank Independence and Transparency on Banks' Non-Performing Loans and Economic Stability. Journal of Banking Regulations 1-16. DOI: 

2023

 27. Fulgence, S., Kwabi, F. O., Boateng, A., Hu, W., Paudyal, K. (2023). Cross-country analysis of the effects of political uncertainty on stock price informativeness. Journal of International Financial Markets, Institutions & Money 88, 101829. DOI: 

26. Kwabi, F. O., Boateng, A., Wonu, C., Kariuki, C. W., Du, A. (2023). Political uncertainty and cross-border equity portfolio allocation decisions: international evidence. International Review of Financial Analysis 87, 102562. DOI: 

25. Kwabi, F. O., Ezeani, E., Owusu, A., Wonu, C., Hu, W. (2023). The impact of media on tourism development and income inequality. Journal of Sustainable Tourism 1-18. .

24. Kwabi, F. O., Adegbite, E., Ezeani, E., Wonu, C., Mumbi, H. (2023). Political uncertainty and stock market liquidity, size and transaction cost: The role of institutional quality. International Journal of Finance and Economics 29 (2), 2030-2048. DOI: 

23. Ezeani, E., Salem, R., Usman, M., Kwabi, F. O., Bilal, F. (2023). Board characteristics and corporate cash holding from the UK, France and Germany. International Journal of Accounting and Information Management 31 (3), 413-439. DOI: 

2022

22. Adamolekun, G., Kwansa, N. A., Kwabi, F. O. (2022). Corporate carbon emissions and market valuation of organic and inorganic investment. Economics Letters, Vol 221.DOI: .

21. Bushra, K., Ezeani, E., Muhammad, U., Kwabi, F. O. (2022). Do the educational profile, gender, and professional experience of audit committee financial experts improve financial reporting quality? Journal of International Accounting, Auditing and Taxation 53, 100580. DOI: 

20. Owusu, A, Kwabi, F. O., Owusu, R., Elamer, A. (2022). Lead Independent Director, Managerial Risk-Taking and Cost of Debt: Evidence from UK. Journal of International Accounting, Auditing and Taxation 53, 100576. DOI: 

19. Fulgence, S., Boateng, A., Wang, Y., Kwabi, F. O. (2022). Board Effect and the Moderating Role of CEO/CFO on Corporate Governance Disclosure: Evidence from East Africa, The International Journal of Accounting 58 (03), 2350008. DOI: 

18. Kwabi, F. O., Owusu-Manu, S., Boateng, A., Ezeani, E., Du, A. (2022). Economic Policy Uncertainty and Cost of Capital. Review of Quantitative Finance and Accounting 59 (2), 457-481. 

17. Ezeani, A., Kwabi, F. O., Salem, R. (2022). Corporate Board and Dynamics of Capital Structure: Evidence from UK, France, and Germany. International Journal of Finance and Economics. DOI: .

16. Owusu, A., Kwabi, F. O., Owusu, R., Ezeani, E. (2022). CEO tenure and cost of debt? Review of Quantitative Finance and Accounting 59:507-544. DOI: 

 2021

15. Boateng, A., Du, M., Bi, X., Kwabi, F. O., Glaister, K. W. (2021). Ownership type, home country government-directed investment policies, and firm value in strategic sectors: Evidence from Chinese acquiring firms. British Journal of Management 33:1412-1431. .

14. Ezeani, E., Salem, R., Kwabi, F. O., Boutaine, K., Komal, B. (2022). Board monitoring and capital structure dynamics: Evidence from bank-based economics. Review of Quantitative Finance and Accounting 58, 473-498. DOI: 

13. Boateng, A., Thai, N., Du, M., Kwabi, F. O. (2022). The impact of CEO compensation and excess reserves on bank risk-taking: The moderating role of monetary policy. Empirical Economics 62:1575-1598. DOI: 

12. Kwabi, F. O., Boateng, A. (2021). The effects of insider trading laws and enforcement on stock market transaction cost. Review of Quantitative Finance and Accounting, 56 (3), 939-964. DOI: 

11. Du, M., Kwabi, F. O., Yang, T. L. (2021). State ownership, prior experience and performance: A comparative analysis of Chinese domestic and cross-border acquisitions. International Journal of Accounting and Information Management 29:472-491. DOI: 

 2020

10. Kwabi, F. O., Boateng, A., Fosu, S., Zhu, T., Chijoke-Mgbame, M. (2020). Foreign equity portfolio and corruption: A cross-country evidence. International Journal of Finance and Economics 27:68-87. .

9. Kwabi, F. O., Boateng, A., Du, A. (2020). Impact of central bank independence, transparency and institutional quality on foreign equity portfolio flow: a cross-country analysis. International Review of Financial Analysis 69:101464. .

8. Kwabi, F. O., Thapa, C., Paudyal, K., Neupane, S. (2020). Sub-optimal international equity portfolio diversification and stock market development. Review of Quantitative Finance and Accounting, 54(1) pp.389-412. DOI: 

2019

7. Leone, V., Kwabi, F. O. (2019). High frequency trading, price discovery and market efficiency in FTSE100. Economics Letters, Vol 181, pp.174. .

6. Adegbite, E., Guney, Y., Kwabi, F. O., Tahir, S. (2019). Finance and corporate social performance in the UK listed firms: The relevance of non-linearity and lag effects. Review of Quantitative Finance and Accounting, 52(1), pp. 105-158. DOI: 

5. Kwabi, F. O., 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) pp. 327-349. DOI: 

2018

4. Ahiabor, F. S., James, G., Kwabi, F. O., Siems, M. M. (2018). Shareholder protection, stock markets and cross-border mergers. Economic Letters, Vol 171, 54-57. .

3. Kwabi, F. O., Boateng, A., Adegbite, E. (2018). The impact of stringent insider trading laws on cost of capital. International Review of Financial Analysis Vol 60, pp.127-137. .

2017

2. Kwabi, F. O., Thapa, C., Paudyal, K., Adegbite, E. (2017). Biases in international portfolio allocation and investor protection standards. International Review of Financial Analysis Vol 53, pp. 66-79. .

2016

1. Kwabi, F. O., Faff, R., Marshall., Thapa, C. (2016). Sub-optimal portfolio allocation and cost of capital. Journal of Multinational Financial Management Vol 35, (6), pp. 41-58. .

                           

Current research students


  • Manoj Koppula
  • Suvra Bank
  • Nadina North
  • Grace Nicholas
  • Alexia Niang
  • Olusegun Orija
  • Oluwaseun Amupitan
  • Liviu Campean
  • Jiyu Zou

Completed PhDs

11. Dr Samuel Owusu-Manu (2023): The impact of economic policy uncertainty on cost of capital, stock market development, and debt home and foreign bias: cross country evidence" - First Supervisor

10. Dr Chizundu Wonu (2022). "The impact of international equity portfolio diversification on financial development, country-level institutional quality and cross-border mergers and acquisitions"  - First Supervisor.

9. Dr Abdullah Mamoon (2022): "The Impact of Central Bank Independence and Transparency on the Cost of Capital, Equity Home Bias and Foreign Bias, Debt Home and Foreign Bias"  - First Supervisor.

8. Dr Mathew Udenge (2022): "Consumer insurance fraud prevention initiatives in the UK insurance sector: A stakeholder perspective from Motor and Household insurance"  - First Supervisor.

7. Dr Katarzyna Jaskowiec (2021): "Does CEO compensation encourage risk-taking? Empirical evidence from FTSE350" - First Supervisor.

6. Dr Samuel Fulgence (2020): "The effects of board and ownership structure on corporate governance disclosure: Evidence from East African Countries" - Second Supervisor.

5. Dr Rawinder Kaur (2020): “Relationship between corporate social responsibility and bankruptcy: Evidence from U.K” - Second Supervisor.

4. Dr Nuha Alofi (2020): “The effect of corporate social responsibility disclosure on firms’ stock performance of the top 100 Tadawul Listed Companies” - First Supervisor.

3. Dr Dalia Sharaf (2019).

2. Dr Babatunde Adejumo (2019). "The internal audit function as a corporate governance mechanism in a developing economy: An empirical study of Nigerian Financial Sector" - Second Supervisor

1. Dr Wardah Abdulrahman Bindabel (2018): “The impact of Shariah (Islamic Principles) corporate governance on cross-border merger and acquisitions involving Islamic companies in the Gulf Countries” - Second Supervisor.

 

FRANK-KWABI