Godfred Amewu

University of Ghana | Legon

We use a survey approach to investigate how managers in a frontier market apply financing and dividend decision techniques in practice. 15 firm characteristics were grouped into paired subgroups for a two-sample t-test analysis that generated statistical differences, economic significance levels and ranking for each technique investigated. The Ghan...

This study uses a survey approach to investigate how managers associated with thirty (30) firm characteristics subgroups apply thirty-seven (37) investment decision techniques in practice in a frontier market covering: capital budgeting, cost of equity, cost of capital, and adjustments for other types of systemic risk. The results show that 27 out...

The wide interest rate spread has been a matter of concern for many developing economies. In Ghana, the perception is that the interest rate spread is too wide and that banks have linked it to various variables affecting them. This study examines the effect of banking sector reforms on bank interest rate spread in Ghana over the period 2008-2020, u...

This paper measures and evaluates the relative pure technical efficiency and cost-efficiency of Ghanaian banks over the period 2008-2019 using a nonparametric DEA technique. The study also examines the factors that determines bank efficiency in Ghana using both static panel and dynamic panel regression estimators. The results show that the overall...

This paper examines the causal nexus between bank efficiency and market power using data from 21 banks in Ghana over the period 2008–2019. Bank cost-efficiency was estimated using the nonparametric data envelope analysis (DEA) estimator whilst bank market power (a proxy for bank competition) was measured by the Herfindahl–Hirschman Index of the ind...

Purpose This study examines the causal and dynamic link between financial inclusion and migrant remittances in sub-Saharan Africa. Design/methodology/approach The study employed a panel vector autoregressive (VAR) framework to examine the dynamic relationship between financial inclusion and migrant remittances in sub-Saharan Africa. Findings The...

This paper examines the impact of various executive compensation types on the postmerger risk taking by firm's executives. We find that executive pay influences firm risk differently depending on compensation type and risk measure. Specifically, we find that rewarding executives with cash compensation reduces the total postmerger risk of acquirers....

This study examines the impact of mergers and acquisition deals on various executive pay schemes and factors that drive these pay rise in Africa from 2002 to 2016. We find that executives of African acquiring firms are rewarded significantly for carrying out successful M&A deals in the year of merger. Besides, pay rise is strongly impacted by the s...

This study provides evidence of positive abnormal returns earned by shareholders of acquirers upon merger and acquisition (M&A) announcements on African markets. We observed significant cumulative abnormal returns for wider windows up to 25 days before and after M&A announcements. Confidentiality about pending merger announcements is poorly held, r...

This study investigates the impact of anticipated Brexit announcement on short-term market response of major global stock markets. The results indicate that political news (Brexit) creates uncertainties in the global stock markets. We found that global stock markets generally responded negatively to the Brexit announcement on the first trading day...

This study expands on previous studies by examining the purchasers’ criteria choice of automobile in the Ghanaian market and establishing the factors that influence the purchase and estimating the choice of brand. The study examined 1,130 automobile owners. Data was collected on 20 automobile attributes considered important when purchasing an autom...

Considering the 2007–2009 financial situation, one cannot help but wonder how the crisis affected the wealth associated with merger and acquisition (M&A) announcements. This article examines the impact of such announcements on the stock returns (performance) of public companies during financial and non-financial crisis periods. Specifically, the ar...