Autumn Accounting & Finance Departmental Newsletter

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1 Autumn 2017 Accounting & Finance Departmental Newsletter Welcome to the 2017 Autumn edition of the Accounting and Finance Newsletter. Despite an extremely busy term of teaching, members of the department have been very active and productive in their research activities. Colleagues have completed PhDs, published in highly reputable journals, and successfully attracted research funding. In particular, staff within the department s three research centres have been instrumental towards the success of the Accounting and Finance Seminar Series. This series has showcased the wide range of research that our staff have been involved in and has also attracted a number of high calibre external speakers. Our research efforts and outputs will continue to grow, given our current recruitment drive. I would like to take this opportunity to welcome new colleagues and hope that they find this department a supportive and stimulating environment in which to teach and carry out research. I would sincerely like to thank everyone who has contributed to this edition (particularly the editor Dr Yan Wang). I hope that you find this publication interesting and that it encourages you to engage with the department s research initiatives. Professor Emmanuel Adegbite. Head of Accounting and Finance. Editorial We are delighted to present the autumn edition of the departmental newsletter at Leicester Business School, DMU. In this newsletter you will find stories that highlight the achievements of the department, research groups, staff and students. Detailed information includes: Departmental News Success Stories Publications (Journal and Professional Publications) Conference Papers and Presentations Guest Speakers and Keynote Addresses Book and Journal Reviews Research Students News Other Scholarly Activities New Staff in A&F Department I hope you find this edition informative and enjoy reading it. Thanks to everyone who has contributed to this edition. Dr Yan Wang (Editor)

2 DEPARTMENTAL NEWS Professor Emmanuel Adegbite (pictured) was invited to deliver an Inaugural Lecture on 4 th May, 2017 titled Corporate Governance and Africapitalism Professor Adegbite explained the concept of a firm s governance is an integral part of the understanding, exercise and practice of Africapitalism. The existence of different national institutions means that increased global competition as well as the integration of financial markets will not express themselves in the same ways in different national governance systems. Since different systems of capitalism will produce different responses to similar pressures, a one size fits all approach to a firm s governance is unattractive. As a result, Africapitalism presents itself as an important and novel approach of conceptualizing private sector participation in Africa s socio-economic development. Professor Adegbite argued that the Africapitalism corporate governance model will allow African firms to deepen their commitment to confronting Africa s institutional, economic, and social challenges. Professor Adegbite also demonstrated that, in making a case for a philosophical shift, African business leaders need to think differently from the mainstream idea of capitalism in solving the many challenges besetting the continent. Study in this area is intended to facilitate the emergence of a workable, practical and useful corporate governance model to underpin the Africapitalism project.

3 SUCCESS STORIES The Department of Accounting and Finance has successfully achieved an NSS score of 90%, which is the most significant positive contribution to the University. The Department of Accounting and Finance has retained the Gold Status with the ACCA for our professional courses which is led by Dawn Davidson. Dawn said: members of ACCA were impressed by both the quality of our tutors and the material that the tutors produce. From student feedback forms they noted how committed tutors were to the students and this is a credit to the whole team. In addition, they were particularly impressed with our handling of complaints. They noted that student complaints were dealt with quickly and resolved in a positive manner. The Department of Accounting and Finance has successfully hosted a Chartered Institute of Public Finance and Accountancy (CIPFA) team management game for Sixth form students from across the Midlands. Chris said: thank you so much for all your work in hosting the sixth form management team games once again, particularly Fred's work in rounding up lunch on the day and all Yvonne's organising in the lead up to the games, without which we simply couldn't run the game. The Department of Accounting and Finance has recently gained exemptions from the Institute of Financial Accountants, for the BA Accounting and Finance programme which is led by Margaret Poulton. The Association of Certified Fraud Examiner has accredited the MSc Forensic Accounting programme which is led by Kemi Yekini as an anti-fraud education provider. The Centre for Research in Accountability, Governance and Sustainability (CRAGS) has been awarded an 8000 research grant by the DMU Research Investment Fund 2017/18 to research Sub-Saharan Africa State Governance. This is a cross-university (involving Andy Wynne at Leicester University) as well as an interdisciplinary project (involving colleagues from law - Simisola and Ohio), and co-led by Fred, Kemi and Emmanuel. Prof Emmanuel Adegbite has been nominated for the International Management Division CGIO Best Paper in International Corporate Governance Award for his paper titled: Corporate governance and elites (with Nakpodia, F.) at the 2017 Academy of Management Annual Meeting, Atlanta, Georgia, USA.

4 Prof Emmanuel Adegbite has been awarded the Best Reviewer Award at the at the 2017 Academy of International Business Annual Meeting, Dubai, United Arab Emirates. Dr Qinye Lu s paper titled Domestically Formed International Diversification was awarded the Best Paper Award at the British Accounting and Finance Association, Northern Area Group Conference, Bangor University, Wales, September Dr Neil Lancastle and Dr Qinye Lu have completed the necessary accredited provision and are now recognised as Fellow of the Higher Education Academy. PUBLICATIONS (JOURNAL AND PROFESSIONAL PUBLICATIONS) Prof Emmanuel Adegbite Does board independence influence financial performance in IPO firms? The moderating role of the national business system. Journal of World Business (ABS 4*), 2017, (with Zattoni, A. and others) The influence of multinational enterprises on subsidiaries: Context matters. Accounting, Auditing & Accountability Journal (ABS 3*), 2017, DOI: /AAAJ , (with Egbe, I. and Yekini, K.C.) Neither principles nor rules: Making corporate governance work in Sub-Saharan Africa. Journal of Business Ethics (ABS 3*), 2017, DOI: /s , (with Nakpodia, F., Amaeshi, K. and Owolabi, A.) Biases in international portfolio diversification and investor protection standard. International Review of Financial Analysis (ABS 3*), 2017, 53, 66-79, (with Kwabi, F.O., Thapa, C. and Paudyal, K.) Dr Marian Chijoke-Mgbame Corporate Social Responsibility Performance and Tax Aggressiveness. Journal of Accounting and Taxation, 2017, (with Kemi Yekini and others) Dr Albert Danso Does financial resource slack drive sustainability expenditure in developing economy small and medium-sized enterprises?. Journal of Business Review (ABS 3*), 2017, Vol. 80, , (With Boso, N., Leonidou, C., Uddina, M., Adeola, O & Hultmana, M.) The Effect of Export Marketing Capabilities on Export Performance: Moderating Role of Dysfunctional Competition, Industrial Marketing Management (ABS 3*), 2017, (With Boso, N., Adeola, O., Assadinia, S.)

5 Dr Frank Kwabi Biases in international portfolio diversification and investor protection standard. International Review of Financial Analysis (ABS 3*), 2017, 53, 66-79, (with Adegbite, E., Thapa, C. and Paudyal, K.) Associate Professor Kemi Yekini The influence of multinational enterprises on subsidiaries: Context matters. Accounting, Auditing & Accountability Journal (ABS 3*), 2017, DOI: /AAAJ , (with Egbe, I. and Adegbite, E) Human capital valuation method in SMEs business performance. International Journal of Productivity and Performance Management (ABS 1*), DOI: /IJPPM , (with Ohalehi, P. and Chidioke, M.O.) Emmanuel Adegbite, Rachel English and Beverley Vickerstaff The Leicestershire s Top 200 Companies (2017) is published yearly in the Leicester Mercury. This league table identifies and ranks Leicestershire s businesses. It provides a measure of climbers, non-movers and fallers, which is passionately reviewed by the Leicestershire business community. To support this Emmanuel delivered a breakfast presentation to Leicestershire s business community entitled Putting Finances in Order to explain the movers and shakers in the listing. CONFERENCE PAPERS AND PRESENTATIONS Dr Albert Danso Relationship between credit information sharing and bank intermediation cost: Evidence from Africa, Presented at African Review of Economics and Finance Conference, GIMPA Accra, Ghana, August, Dr Samar Gad Evaluation of systemic risk contribution of Islamic Banks in financial networks, Presented at British Accounting and Finance Association (BAFA) Annual Conference at Heriot-Watt University, UK, April, Feedback Trading and the Ramadan Effect, Presented at the 24th Nordic Academy of Management Conference at Nord University Business School, Bodo, Norway, August, 2017.

6 Dr Neil Lancastle An Empirical Investigation Into the Carry Trade: Is It Another Example Of Exorbitant Privilege? Presented at AHE 19th Annual Conference, Manchester, July, Dr Ming-Tsung Lin Moneyness, Total, Systematic, and Idiosyncratic Volatility, and the Cross-Section of European Option Returns, Presented at FEBS Conference, June, Rating Based CDS Curves, Presented at FEBS Conference, June, Dr Qinye Lu Predictability of Stock Returns based on the Partial Least Squares Methodology, Presented at The British Accounting and Finance Association (BAFA) Annual Conference, Heriot-Watt University, Edinburgh, April Domestically Formed International Diversification, Presented at BAFA Northern Area Group Conference, Bangor University, Wales, September 2017, IFABS Asia 2017 Ningbo China Conference, University of Nottingham Ningbo China, August 2017 and Essex Finance Centre (EFiC) Conference in Banking and Finance, Essex Business School, Colchester, July Dr John Margerison External assurance of corporate sustainability reports of Chinese companies, Presented at the 29th International Congress on Social and Environmental Accounting Research at University of St Andrews, St Andrews, Scotland, August, 2017 and also CRAGS workshop, DMU, July, Accountability in the context of civilization change in China, Presented at BAL research conference on 15 September Associate Professor Aaron Toogood Mapping Aspiration Levels of KS2 school pupils to enhance social mobility, Presented at 2017 BERA conference, Brighton. Associate Professor Kemi Yekini Effects of Corporate Governance Mechanisms on CEO Employment Risk, Presented at the 40th Annual Congress of the European Accounting Association held at Valencia, Spain, May, 2017.

7 GUEST SPEAKERS AND KEYNOTE ADDRESSES framework. Dr Samar Gad (pictured) was invited as a guest speaker to talk on the relationship between religion and finance at University of Liverpool, UK, April, She also designed and delivered a training course for 38 teachers from different universities in China, as part of [2017 CSCSE-SQA HND Programme] Professional Training, Xi an, China July, The training focused on the guidelines for teaching and assessing the SQA HND in Financial Services Dr Neil Lancastle spoke on a panel at the Ukrainian Financial Forum, Odesa, Ukraine, on 21st September 2017 about Ukraine s positioning in the global economy and the risks and challenges of capital market liberalisation. The Ukrainian Financial Forum is an open platform for discussion among prominent representatives of government, regulators, the IMF, World Bank, USAID, National Bank of Ukraine, financial and economic experts. BOOK AND JOURNAL REVIEWS Niloufer Abdool Book review for Financial Accounting for Decision Makers by Peter Atrill and Eddie McLaney, 8th Edition (Pearson). Rachel English Article review for the Journal of Business and Retail Management Research. Dr Qinye Lu Article review for the Journal of Cogent Business and Management. Dr Linh Nguyen Article review for Journal of International Money and Finance.

8 Dr Yan Wang Article review for Journal of International Business, Cogent Business and Management, Financial Reporting and Accounting. Associate Professor Kemi Yekini Article review for Journal of management enquiry, Accounting, Auditing and Accountability Journal and Journal of Accounting Research. RESEARCH STUDENTS NEWS Congratulations to Abdussalam Aljadani who successfully defended his PhD thesis. Abdussalam's thesis was supervised by Mr. Fred Mear, and Dr. Brendan Lambe. OTHER SCHOLARLY ACTIVITIES The First Accounting and Finance Doctoral and ECR Conference was organised by Kemi Yekini and well attended by external speakers: Dr Panagiotis Andrikopoulos (University of Coventry), Dr Ioannis Tsalavoutas (University of Glasgow), Dr Tomasz Piotr Wisniewski (University of Leicester), Dr Sina Yekini (University of Coventry), internal speakers: Prof Emmanuel Adegbite, Dr Neil Lancastle, Dr Yan Wang, Dr Paschal Ohalehi, Dr Louise Obara, Dr Jingsi Leng, ECR and PhD students. The Centre for Accounting and Finance Education (CAFÉ) organised by Lisa Wakefield ran a Teaching Tool Kit Day to demonstrate some of the options available for enhancing teaching. This included various teaching guides from outside the department and faculty which could be used within accounting and finance to develop the teaching excellence of the department s provision. CRAGS organised a workshop on possible interdisciplinary research projects that attracted participants from across the faculty. The workshop gave rise to several research ideas that led to the creation of three working groups with each group consisting of colleagues from across the faculty. The three projects being worked on currently are: 1. The Sub-Saharan African (SSA) finance governance 2. The Post-Brexit corporate governance

9 3. The Chinese sustainability assurance project Rachel English is currently on the editorial team of The Journal of Business and Retail Management Research (JBRMR)-A SCOPUS Indexed and SCIMAGO ranked Journal and have reviewed a variety of admission papers. Neil Lancastle has been an internal examiner for Abdussalam Aljadani, Thesis title: Modelling the Economic and Political Factors of Optimum Currency Area Theory for the Adoption of the Single Currency Project in Gulf Cooperation Council. Kemi Yekini has been an internal examiner for Mfon Jeremiah, Thesis title: The role of Accountability in enhancing Environmental Sustainability: Evidence from Nigeria and external examiner for Siham Elgergeni (Northampton Business School, University of Northampton), Thesis title: The Impact of Boards Ownership Structure on Corporate Social Responsibility Engagement: Evidence from the U.K. NEW STAFF IN A&F DEPARTMENT Dr Bola Babajide Bola Babajide (pictured) is an academic with speciality within the field of Accounting and Finance. She completed her MSc and PhD studies at the University of Hull. Her research interests include derivatives usage, financial conservatism policy, financial stability and corporate governance. Did you know DMU Accounting and Finance courses are ranked in the UK top 20 for Student Satisfaction, Value Added and Graduate Career Prospects (Guardian University League Tables, 2018)