Dr Anthony Kyiu's Outputs (13)

CEO power and firm decarbonisation efforts (2025)
Journal Article
Kwabi, F., Adamolekun, G., & Kyiu, A. (2025). CEO power and firm decarbonisation efforts. International Review of Financial Analysis, 101, Article 104044. https://doi.org/10.1016/j.irfa.2025.104044

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' decarbonisation efforts. We find that firms with higher levels of CEO power are associated with lower carbon e... Read More about CEO power and firm decarbonisation efforts.

Third-party auditor liability risk and trade credit policies (2024)
Journal Article
Kyiu, A., Tawiah, B., Boasiako, K., & Adasi Manu, S. (online). Third-party auditor liability risk and trade credit policies. The British Accounting Review, https://doi.org/10.1016/j.bar.2024.101454

We investigate the effect of Third-Party Auditor Liability (TPAL) risk on firms’ trade credit policies. Exploiting the staggered state-level changes to TPAL in the US as a quasi-natural experiment, we find that firms in states with a higher risk of T... Read More about Third-party auditor liability risk and trade credit policies.

Corporate carbon footprint and market valuation of restructuring announcements (2024)
Journal Article
Adamolekun, G., & Kyiu, A. (2025). Corporate carbon footprint and market valuation of restructuring announcements. Review of Quantitative Finance and Accounting, 64(2), 595-620. https://doi.org/10.1007/s11156-024-01315-y

The call for greener and more sustainable corporate practices triggered a surge in corporate restructuring. In this study, we investigate the impact of carbon emissions on the market reaction to announcements of corporate restructuring activities. Us... Read More about Corporate carbon footprint and market valuation of restructuring announcements.

Employees’ reviews and stock price informativeness (2023)
Journal Article
Kyiu, A., Tawiah, B., & Boamah, E. O. (2023). Employees’ reviews and stock price informativeness. Economics Letters, 233, Article 111406. https://doi.org/10.1016/j.econlet.2023.111406

We investigate the relationship between employee reviews and stock price informativeness. Using a sample of US firms, we find that firms with higher employee satisfaction are associated with greater stock price informativeness in terms of idiosyncrat... Read More about Employees’ reviews and stock price informativeness.

IFRS 9 implementation and bank risk (2023)
Journal Article
Kyiu, A., & Tawiah, V. (2023). IFRS 9 implementation and bank risk. Accounting Forum, https://doi.org/10.1080/01559982.2023.2233861

In this paper, we investigate the impact of IFRS 9 – Financial instruments on bank risk. Using a sample of 666 banks across 61 countries for the period 2016–2019, we find a decrease in bank risk following the implementation of IFRS 9. This implies th... Read More about IFRS 9 implementation and bank risk.

Business strategies and corruption in small‐ and medium‐sized enterprises: The impact of business group affiliation, external auditing, and international standards certification (2023)
Journal Article
Changwony, F., & Kyiu, A. (2024). Business strategies and corruption in small‐ and medium‐sized enterprises: The impact of business group affiliation, external auditing, and international standards certification. Business Strategy and the Environment, 33(1), 95-121. https://doi.org/10.1002/bse.3333

We examine the impact of three business strategies separately and in combination on the tendency for firms to engage in corruption. Using a sample of 56,827 firm-year observations for small- and medium-sized enterprises (SMEs) over the 2006–2018 peri... Read More about Business strategies and corruption in small‐ and medium‐sized enterprises: The impact of business group affiliation, external auditing, and international standards certification.

Stock return synchronicity in a weak information environment: Evidence from African markets (2022)
Journal Article
Kyiu, A., Jones, E., & Li, H. (2023). Stock return synchronicity in a weak information environment: Evidence from African markets. International Journal of Managerial Finance, 19(2), 446-469. https://doi.org/10.1108/ijmf-08-2021-0378

Purpose: This study investigates the level of stock return synchronicity in African markets with the aim of establishing whether, contrary to conventional wisdom, stock return synchronicity can be low in countries with relatively weak information env... Read More about Stock return synchronicity in a weak information environment: Evidence from African markets.

Blockchain technology and environmental efficiency: Evidence from US-listed firms (2022)
Journal Article
Tawiah, V., Li, G., Zakari, A., & Kyiu, A. (2022). Blockchain technology and environmental efficiency: Evidence from US-listed firms. Business Strategy and the Environment, 31(8), 3757-3768. https://doi.org/10.1002/bse.3030

This study examines the relationship between the adoption of blockchain technology and environmental efficiency by using a sample of US firms over the 2015–2019 period. Our results indicate that the adoption of blockchain technology is positively and... Read More about Blockchain technology and environmental efficiency: Evidence from US-listed firms.

Corruption, Chinese investment, and trade: Evidence from Africa (2022)
Journal Article
Tawiah, V., Kebede, J., & Kyiu, A. (2022). Corruption, Chinese investment, and trade: Evidence from Africa. Journal of Emerging Market Finance, 21(2), 123-151. https://doi.org/10.1177/09726527221073981

We investigate whether corruption in host countries drives the different routes of Chinese economic engagement with Africa. Using data from 49 African countries for 2000–2018, we find that corruption affects each route of China’s engagement with Afri... Read More about Corruption, Chinese investment, and trade: Evidence from Africa.

Multinationality and capital structure dynamics: A corporate governance explanation (2021)
Journal Article
Gyimah, D., Kwansa, N., Kyiu, A., & Sikochi, A. (2021). Multinationality and capital structure dynamics: A corporate governance explanation. International Review of Financial Analysis, 76, Article 101758. https://doi.org/10.1016/j.irfa.2021.101758

This paper examines the impact of corporate governance on capital structure dynamics. Using ordinary least squares regressions on 17,496 firm-year observations for 2,294 US multinational companies (MNCs) over the period 1990–2018, we find that MNCs w... Read More about Multinationality and capital structure dynamics: A corporate governance explanation.

Earnings Informativeness and Trading Frequency: Evidence from African Markets (2020)
Journal Article
Jones, E., Kyiu, A., & Li, H. (2021). Earnings Informativeness and Trading Frequency: Evidence from African Markets. International Journal of Finance and Economics, 26(1), 1064-1086. https://doi.org/10.1002/ijfe.1836

We investigate the informativeness of earnings announcements in African stock markets and examine whether, conditional on the level of synchronicity and liquidity of stocks, market reactions are influenced by earnings characteristics. Normalized vola... Read More about Earnings Informativeness and Trading Frequency: Evidence from African Markets.

Critical reflections of academic literature.
Book Chapter
Kyiu, A., Kwansa, N., Paterson, A., Arshed, N., & Danson, M. Critical reflections of academic literature. In A. Paterson, D. Leung, W. Jackson, R. MacIntosh, & K. O’Gorman (Eds.), Research Methods for Accounting and Finance. Goodfellow Publishers

Quantitative data gathering methods and techniques.
Book Chapter
Salhin, A., Kyiu, A., Taheri, B., Valantasis-Kanellos, C., & Konig, C. Quantitative data gathering methods and techniques. In A. Paterson, D. Leung, W. Jackson, R. MacIntosh, & K. O’Gorman (Eds.), Research Methods for Accounting and Finance. Goodfellow Publishers