All Outputs (5)

Investment-cash flow sensitivity: Evidence from investment in identifiable intangible and tangible assets activities (2022)
Journal Article
Adu-Ameyaw, E., Danso, A., Uddin, M., & Acheampong, S. (2024). Investment-cash flow sensitivity: Evidence from investment in identifiable intangible and tangible assets activities. International Journal of Finance and Economics, 29(2), 1179-1204. https://doi.org/10.1002/ijfe.2730

In this study, we examine whether investments in fixed (identifiable) intangible assets and tangible assets are sensitive to cash flow and the extent to which this sensitivity differs for firms with different levels of financial constraints. Using bo... Read More about Investment-cash flow sensitivity: Evidence from investment in identifiable intangible and tangible assets activities.

Firm-level political risk and corporate leverage decisions (2022)
Journal Article
Gyimah, D., Danso, A., Adu-Ameyaw, E., & Boateng, A. (2022). Firm-level political risk and corporate leverage decisions. International Review of Financial Analysis, 84, 102354. https://doi.org/10.1016/j.irfa.2022.102354

This study examines the effects of firm-level political risk on firm leverage decisions and speed of adjustment. We uncover that firm-level political risk has a negative impact on a firm's total and long-term leverage. We also find that firms facing... Read More about Firm-level political risk and corporate leverage decisions.

Growth opportunity and investment policy: The role of managerial incentives (2022)
Journal Article
Adu-Ameyaw, E., Danso, A., & Hickson, L. (2022). Growth opportunity and investment policy: The role of managerial incentives. Managerial and Decision Economics, 43(8), 3634-3646. https://doi.org/10.1002/mde.3619

Based on the neo-classical theory of investment (Tobin's Q), this study looks at how growth opportunity drives investment policies and the extent to which this relationship is sensitive to managerial incentives. We use data from 213 non-financial and... Read More about Growth opportunity and investment policy: The role of managerial incentives.

R and D spending intensity of private vs public firms: The role of cash flow, leverage and information quality (2022)
Journal Article
Adu-Ameyaw, E., Danso, A., Hickson, L., & Lartey, T. (2022). R and D spending intensity of private vs public firms: The role of cash flow, leverage and information quality. Journal of Applied Accounting Research, 23(4), 770-787. https://doi.org/10.1108/jaar-07-2021-0179

Purpose: This study provides a large sample comparison of research and development (R&D) spending intensity in private and public firms and the extent to which these firms' unique characteristics affect their R&D spending rate. Design/methodology/app... Read More about R and D spending intensity of private vs public firms: The role of cash flow, leverage and information quality.

Managerial compensation and fixed intangible assets investment: The role of managerial ownership and firm characteristics (2022)
Journal Article
Adu-Ameyaw, E., Hickson, L., & Danso, A. (2022). Managerial compensation and fixed intangible assets investment: The role of managerial ownership and firm characteristics. Journal of Applied Accounting Research, 23(5), https://doi.org/10.1108/JAAR-04-2021-0099

Purpose: This study examines how cash and stock bonus compensations influence top executives to allocate a firm's resources to fixed intangible assets investment and the extent to which this relationship is conditional on executives' ownership, firm... Read More about Managerial compensation and fixed intangible assets investment: The role of managerial ownership and firm characteristics.