All Outputs (57)

Economic policy uncertainty and cost of capital: the mediating effects of foreign equity portfolio flow (2022)
Journal Article
Obenpong Kwabi, F., Owusu-Manu, S., Boateng, A., Ezeani, E., & Du, M. (2022). Economic policy uncertainty and cost of capital: the mediating effects of foreign equity portfolio flow. Review of Quantitative Finance and Accounting, 59, 457-481. https://doi.

We investigate whether economic policy uncertainty and the interaction of foreign equity portfolio flow and economic policy uncertainty impact the cost of capital. Using panel data of 20 countries from 2001 to 2018, we find economic policy uncertaint... Read More about Economic policy uncertainty and cost of capital: the mediating effects of foreign equity portfolio flow.

Impacts of alternative energy production innovation on reduction of carbon dioxide emissions: evidence from China (2021)
Presentation / Conference Contribution
Yang, T., Li, F., Du, M., & Li, Y. (2021, November). Impacts of alternative energy production innovation on reduction of carbon dioxide emissions: evidence from China. Presented at International Congress of Energy, Economy and Security (ENSCON), Istanbul,

Though the impacts of green innovation on reduction of carbon dioxide emissions have been an important topic for research on environmental economics, the previous studies ignore heterogeneity of the green innovation and how it might affect the carbon... Read More about Impacts of alternative energy production innovation on reduction of carbon dioxide emissions: evidence from China.

The impact of inclusive finance on carbon dioxide emissions: evidence from China's provincial regions (2021)
Presentation / Conference Contribution
Yang, T., Zhou, F., Du, M., & Du, Q. (2021, November). The impact of inclusive finance on carbon dioxide emissions: evidence from China's provincial regions. Presented at International Congress of Energy, Economy and Security (ENSCON '21), Istanbul, Turke

Previous studies have not paid close attention to the effects of inclusive finance on carbon dioxide emissions. Setting research context in China with its rapid development in inclusive finance and pressing target of carbon dioxide neutrality, this p... Read More about The impact of inclusive finance on carbon dioxide emissions: evidence from China's provincial regions.

The role of environmental regulation of the home country in enhancing innovation performance of Chinese EMNEs (2021)
Presentation / Conference Contribution
Du, Q., Li, Z., Yang, T., Du, M., & Chen, S. (2021, November). The role of environmental regulation of the home country in enhancing innovation performance of Chinese EMNEs. Presented at International Congress of Energy, Economy and Security (ENSCON '21),

EMNEs pursuing for innovation performance via internationalization could be affected by the environmental regulation within a global sustainable development context. Building on the institution-based view, we study how external environmental regulati... Read More about The role of environmental regulation of the home country in enhancing innovation performance of Chinese EMNEs.

Correlation among oil price, stock returns and country risks: an empirical analysis based on 31 countries (2021)
Presentation / Conference Contribution
Yang, T., Dong, Q., Du, M., & Du, Q. (2021). Correlation among oil price, stock returns and country risks: an empirical analysis based on 31 countries. In International Congress of Energy, Economy and Security: Proceedings Book (2-23)

Existing studies have purely paid attention to the relationship between oil price and stock returns or the relationship between oil price and country risks; however, simultaneous correlations among the three are highly neglected. Using monthly panel... Read More about Correlation among oil price, stock returns and country risks: an empirical analysis based on 31 countries.

Measuring pollutant emissions of cattle breeding and its spatial-temporal variation in China (2021)
Journal Article
Yang, T., Li, F., Du, M., Wang, Y., & Sun, Z. (2021). Measuring pollutant emissions of cattle breeding and its spatial-temporal variation in China. Journal of Environmental Management, 299, Article 113615. https://doi.org/10.1016/j.jenvman.2021.113615

The rapid development of animal husbandry has resulted in serious pollution issues in the livestock and poultry breeding industry, increasing the cost of environmental management. This issue is particularly prominent in China due to its rapid economi... Read More about Measuring pollutant emissions of cattle breeding and its spatial-temporal variation in China.

Fluctuation in the global oil market, stock market volatility, and economic policy uncertainty: A study of the US and China (2021)
Journal Article
Yang, T., Zhou, F., Du, M., Du, Q., & Zhou, S. (2023). Fluctuation in the global oil market, stock market volatility, and economic policy uncertainty: A study of the US and China. Quarterly Review of Economics and Finance, 87, 377-387. https://doi.org/10.

This paper investigates the relationships between the global oil market, stock markets, and economic policy, focusing on China and the US. We use a time-varying parameter stochastic volatility vector autoregression model to examine the transmission m... Read More about Fluctuation in the global oil market, stock market volatility, and economic policy uncertainty: A study of the US and China.

State ownership, prior experience and performance: a comparative analysis of Chinese domestic and cross-border acquisitions (2021)
Journal Article
Du, M., Kwabi, F., & Yang, T. (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(3), 472-491. https://doi.

Purpose Drawing on three theoretical frameworks, this paper aims to examine the effects of state-owned enterprises (SOEs) and the interaction between SOEs and prior acquisition experience of Chinese domestic and cross-border acquirers. Design/met... Read More about State ownership, prior experience and performance: a comparative analysis of Chinese domestic and cross-border acquisitions.

The effects of commodity financialization on commodity market volatility (2021)
Journal Article
Ding, S., Cui, T., Zheng, D., & Du, M. (2021). The effects of commodity financialization on commodity market volatility. Resources Policy, 73, https://doi.org/10.1016/j.resourpol.2021.102220

The last two decades have witnessed a massive capital inflow into commodity markets, provoking the commodity financialization episode, which turned into a major stimulus for emerging studies of commodity market prices as financialization can impact o... Read More about The effects of commodity financialization on commodity market volatility.

Ownership Type, Home‐Country Government‐Directed Investment Policies and Firm Value in Strategic Sectors: Evidence from Chinese Acquiring Firms (2021)
Journal Article
Boateng, A., Du, M., Bi, X., Kwabi, F. O., & Glaister, K. W. (2022). Ownership Type, Home‐Country Government‐Directed Investment Policies and Firm Value in Strategic Sectors: Evidence from Chinese Acquiring Firms. British Journal of Management, 33(3),

Using data of Chinese acquirers in strategic sectors, we assess the role of home government and the effects of the interaction between ownership type and government-directed investment policies on acquiring firm value in cross-border acquisitions (CB... Read More about Ownership Type, Home‐Country Government‐Directed Investment Policies and Firm Value in Strategic Sectors: Evidence from Chinese Acquiring Firms.

Carbon dioxide emissions and Chinese OFDI: From the perspective of carbon neutrality targets and environmental management of home country (2021)
Journal Article
Yang, T., Dong, Q., Du, Q., Du, M., Dong, R., & Chen, M. (2021). Carbon dioxide emissions and Chinese OFDI: From the perspective of carbon neutrality targets and environmental management of home country. Journal of Environmental Management, 295, https://d

Studies investigating the relationship between foreign direct investment (FDI) and the environment have focused predominantly on the effects of FDI on host country environments with less attention paid to the impact on home countries. This study turn... Read More about Carbon dioxide emissions and Chinese OFDI: From the perspective of carbon neutrality targets and environmental management of home country.

The impact of CEO compensation and excess reserves on bank risk-taking: the moderating role of monetary policy (2021)
Journal Article
Boateng, A., Nguyen, V. H. T., 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. https://doi.org/10.1007/s00181-021-02086-4

We examine the effects of CEO compensation, excess reserves, and role of monetary policy on bank risk-taking behaviour based on a sample of 88 Chinese commercial banks over the period of 2003–2014. We find evidence that suggests that incentives prese... Read More about The impact of CEO compensation and excess reserves on bank risk-taking: the moderating role of monetary policy.

The effects of commodity financialization on commodity market volatility (2020)
Presentation / Conference Contribution
Ding, S., Zheng, D., Cui, T., & Du, M. (2020, November). The effects of commodity financialization on commodity market volatility. Presented at ENSCON’ 20 Online International Congress of Energy Economy and Security, Istanbul, Turkey [Online]

Over the last two decades, it has been witnessed that massive capital flooded into commodity markets, provoking the commodity financialization episode, which turned into a major stimulus for the rapid development of commodity market studies. Moreover... Read More about The effects of commodity financialization on commodity market volatility.

Sino-U.S. stock market volatility, economic policy uncertainty, and fluctuation of global oil market: an empirical analysis based on TVP-SV-VAR model (2020)
Presentation / Conference Contribution
Yang, T., Zhou, F., Du, M., Du, Q., & Zhou, S. (2020, November). Sino-U.S. stock market volatility, economic policy uncertainty, and fluctuation of global oil market: an empirical analysis based on TVP-SV-VAR model. Presented at ENSCON’ 20 Online Intern

This paper investigates the correlations among Sino-US stock markets, economic policy uncertainty (EPU) and global oil market. Specificly, by adopting a TVP-SV-VAR model this study analyzes the dynamic effects of volatility of stock price in China an... Read More about Sino-U.S. stock market volatility, economic policy uncertainty, and fluctuation of global oil market: an empirical analysis based on TVP-SV-VAR model.

FinTech, SME efficiency and national culture: Evidence from OECD countries (2020)
Journal Article
Abbasi, K., Alam, A., Du, M., & Huynh, T. L. D. (2021). FinTech, SME efficiency and national culture: Evidence from OECD countries. Technological Forecasting and Social Change, 163, https://doi.org/10.1016/j.techfore.2020.120454

Small and Medium Enterprises (SMEs) play a vital role in an economy; therefore, it is important to study the avenues that contribute towards their viability. As a result, we examine the impact of financial technologies (FinTechs) on SME efficiency. U... Read More about FinTech, SME efficiency and national culture: Evidence from OECD countries.

FinTech, SMEs Efficiency and National Culture: Evidence from OECD Countries (2020)
Presentation / Conference Contribution
Abbasi, K., Alam, A., Du, A., & Huynh, T. L. D. (2020, April). FinTech, SMEs Efficiency and National Culture: Evidence from OECD Countries. Presented at International Conference on the Contemporary Issues in Finance, Trade and Macroeconomy (ICOFINT '20),

Small and Medium Enterprises (SMEs) play a vital role in an economy; therefore, it is important to study the avenues that contribute towards their viability. As a result, we examine the impact of financial technologies (FinTechs) on SME efficiency. U... Read More about FinTech, SMEs Efficiency and National Culture: Evidence from OECD Countries.

Impact of central bank independence and transparency on international equity portfolio allocation: A cross-country analysis (2020)
Journal Article
Kwabi, F. O., Boateng, A., & Du, M. (2020). Impact of central bank independence and transparency on international equity portfolio allocation: A cross-country analysis. International Review of Financial Analysis, 69, https://doi.org/10.1016/j.irfa.2020.10

In this study, we analyse the effects of central bank independence (CBI) and central bank transparency (CBT) and their interactions with institutional quality on foreign equity portfolio inflows. Employing a dataset from 42 countries over the period... Read More about Impact of central bank independence and transparency on international equity portfolio allocation: A cross-country analysis.

Impact of Board Structure on Chinese Firms' Cross- Border M&A Performance (2019)
Presentation / Conference Contribution
Ding, S., Du, M., Cui, T., Zhang, Y., & Duygun, M. (2019, October). Impact of Board Structure on Chinese Firms' Cross- Border M&A Performance. Paper presented at Vietnam Symposium in Banking and Finance, Hanoi, Vietnam

The impact of corporate board characteristics on firm performance continues to be an issue that has given risen to a set of polarizing corporate governance doctrines. In this paper, we identify the impact of corporate board characteristics on Chinese... Read More about Impact of Board Structure on Chinese Firms' Cross- Border M&A Performance.

Do Conforming to State-Directed Investment Policies in Emerging Countries Create Value for Acquiring Firms (2019)
Presentation / Conference Contribution
Boateng, A., & Du, M. (2019, October). Do Conforming to State-Directed Investment Policies in Emerging Countries Create Value for Acquiring Firms. Paper presented at Vietnam Symposium in Banking and Finance, Hanoi, Vietnam

In this paper we explore whether firms conforming to state-directed investment policy creates value in the short-term for emerging market acquiring firms. Employing a sample of 468 Chinese cross-border acquisitions (CBA) over the period of 1998-2011,... Read More about Do Conforming to State-Directed Investment Policies in Emerging Countries Create Value for Acquiring Firms.

Cultural distance and value creation of cross-border M&A: The moderating role of acquirer characteristics (2018)
Journal Article
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. https://doi.org/10.1016/j.irfa.2018.12.

This paper examines the effects of culture and the interaction between cultural distance and salient acquirer characteristics on value creation of acquiring firms based on a sample of 209 firms over the period of 1998–2012. The findings indicate that... Read More about Cultural distance and value creation of cross-border M&A: The moderating role of acquirer characteristics.