Dr Frank Obenpong Kwabi

Frank is Associate Professor in Accounting and Finance at De Montfort University. He is the Deputy Director for Finance and Banking Research Center (FiBRe) and also Institute Head of Research Students. He was previously the Postgraduate Research Coordinator for the Department of Accounting and Finance. He is a Co-Editor of a special issue (SI) in the Sustainability Journal. Prior to joining De Montfort Frank worked at the University of Strathclyde as a part-time Lecturer in Finance whilst pursuing his PhD. He joined De Montfort University in 2016 as a VC2020 Lecturer in Accounting and Finance and was promoted to Senior Lecturer (2018) and Associate Professor (2019). Frank received PhD in Finance from the University of Strathclyde, MSc in Finance from Heriot Watt University and BA (Hons) in Accounting and Finance from Edinburgh Napier University, Scotland. He is a Senior Fellow of the Higher Education Academy (SFHEA). 

His research interests are concentrated in the area of international finance, cost of capital, insider trading laws, investor protection standards, stock market development, high frequency trading, and corporate social responsibility. He has a growing research in internally quality journals. His research has been published in a variety of journals including Bristish Journal of Management (ABS ranking 4), International Review of Financial Analysis (ABS ranking 3), Journal of International Accounting, Auditing and Taxation (ABS ranking 3), Review of Quantitative Finance and Accounting (ABS ranking 3), Economics Letters (ABS ranking 3), International Journal of Finance and Economics (ABS ranking 3), Empirical Finance (ABS ranking 2), Journal of Multinational Financial Management (ABS ranking 2). Frank has served as a reviewer internationally quality journals such Review of Quantitative Finance and Accounting, International Review of Financial Analysis, International Journal of Finance and Economics, Emerging Markets Review, Journal of Multinational Financial Management,Technological Forecasting and Social Change.

He has supervised over 10 PhD students to successful completion and has examined four PhD viva. He is currently supervising eight PhD students in the above-mentioned research areas. He was the winner of the Faculty of Business and Law Award for Postgraduate Research Supervisor of the year (2020), He was also the winner of Research OSCARS for Outstanding Contribution to Research Supervision (2020). Frank was shortlisted for the following Faculty of Business and Law Awards; Contribution to Research (2020), Research Mentor (2020).

He has supervised over 35 MSc dissertations and he has taught several modules both at postgraduate and undergraduate levels. These modules include International Financial Markets and Institutions (Postgraduate), Entrepreneurial Finance and Financial Management (Postgraduate), Corporate Finance (3^rd year), Business Finance (3^rd year), Financial Derivatives (3^rd year), Introduction to Accounting and Finance (1^st year), Professional Communication (1^st year). 

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

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

PhD University of Strathclyde

MSc Heriot Watt University

PG Cert University of Strathclyde

BA (Hons) First Class Edinburgh Napier University

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

1. Winner: Faculty of Business and Law Awards for Postgraduate Research Supervisor of the year (2020),

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

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

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

European Finance Association

Royal Economic Society

American Finance Association

Senior Fellow of Higher Education Academy (SFHEA)

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.

                              2024

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  – In press.

30. Kwabi, F. O., Wonu, C., Ezeani, E., Owusu, A., Leone, V. (2024). Financial development, international equity portfolio diversification, central bank transparency, foreign debt flow, and economic freedom. International Journal of Finance and Economics  – In press.

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  – Forthcoming.

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  - Forthcoming.

                              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 (In press).

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 (In press).

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. https://doi.org/10.1080/09669582.2023.2166516.

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 (In Press).

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 (In Press).

                             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. https://doi.org/10.1016/j.econlet.2022.110887.

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 (forthcoming).

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 (forthcoming).

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 (In Press).

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 (In Press).

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. https://doi.org/10.1002/ijfe.2593.

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.

                              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. https://doi.org/10.1111/1467-8551.12538.

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.

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 Finance 62:1575-1598.

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.

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.

                             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. https://doi.org/10.1002/ijfe.2138.

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. https://doi.org/10.1016/j.irfa.2020.101464.

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.

                             2019

7. Leone, V., Kwabi, F. O. (2019). High frequency trading, price discovery and market efficiency in FTSE100. Economics Letters, Vol 181, pp.174. https://doi.org/10.1016/j.econlet.2019.05.022.

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.

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.

                              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. https://doi.org/10.1016/j.econlet.2018.07.013.

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. https://doi.org/10.1016/j.irfa.2018.07.011.

                             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. https://doi.org/10.1016/j.irfa.2017.08.005.

                             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. https://doi.org/10.1016/j.mulfin.2016.04.001.

• Samuel Owusu-Manu
• Manoj Koppula
• Suvra Bank
• Nadina North
• Grace Nicholas
• Alexia Niang
• Olusegun Orija

Completed PhDs

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.