Alfred Yawson

Prof Alfred Yawson

Professor of Corporate Finance

School of Accounting and Finance

College of Business and Law

Eligible to supervise Masters and PhD - email supervisor to discuss availability.

Alfred Yawson is a Professor in Corporate Finance and Head, Finance & Banking Discipline, University of Adelaide Business School. Prior to taking up this position he held various academic and administrative positions at the University of Adelaide, the University of New South Wales and City, University London. He has also held a visiting position at Nanyang Technological University. His primary research interests are corporate finance, particularly corporate restructuring (mergers and acquisitions, divestitures, labor & finance, and investment banking) and corporate governance. He has won competitive grant from the Australian Research Council (ARC) and a number of awards for research excellence. He has published in leading finance journals including the Journal of Financial Economics, Review of Finance, Journal of Empirical Legal Studies, Journal of Corporate Finance and Journal of Banking and Finance. He is currently the Editor-in-Chief, International Journal of Managerial Finance, ABDC, A ranked journal and editor of the Journal of Business Finance and Accounting, ABDC, A* ranked journal. Professor Yawson obtained a first class honours degree in Accounting from the University of Ghana, a Master of Science in Finance with distinction and a PhD in Finance from Queen’s University Belfast in the UK. He is a Chartered Accountant with industry experience from reputable financial institutions. Professor Yawson was part of the government team that pioneered the Value Added Tax policy implementation in Ghana. He consults for both government and private organizations.

Year Citation
2025 Liu, X., Luo, J., & Yawson, A. (2025). Equity offering following cyberattacks. Journal of Corporate Finance, 91, 102710.
DOI WoS1
2024 Wali Ullah, G. M., Luo, J., & Yawson, A. (2024). Managerial ability and supply chain power. Journal of Contemporary Accounting & Economics, 20(2), 100414.
DOI Scopus5 WoS3
2024 Kim, S., Kent, P. F., Richardson, G., & Yawson, A. (2024). IPO conditional conservatism, underpricing and post-issue stock market survival. Journal of Accounting Literature, 37 pages.
DOI Scopus2 WoS2
2023 Osei Bonsu, C., Liu, C., & Yawson, A. (2023). The impact of CEO attributes on corporate decision-making and outcomes: a review and an agenda for future research. International Journal of Managerial Finance, 20(2), 503-545.
DOI Scopus34 WoS30
2023 Liu, S., Sualihu, M. A., Sun, M., & Yawson, A. (2023). Exploring the acquisition behavior of penny stock firms. British Accounting Review, 56(6), 101276.
DOI Scopus2 WoS2
2023 Feng, Y., Liu, C., & Yawson, A. (2023). Economic shocks, M&A advisors, and industry takeover activity. Pacific-Basin Finance Journal, 82, 102156-1-102156-27.
DOI Scopus1
2021 Sualihu, M. A., Yawson, A., & Yusoff, I. (2021). Do analysts’' forecast properties deter suboptimal labor investment decisions? Evidence from Regulation Fair Disclosure. Journal of Corporate Finance, 69, 1-24.
DOI Scopus24 WoS24
2021 Khedmati, M., Aminu Sualihu, M., & Yawson, A. (2021). Does religiosity matter for corporate labor investment decisions?. Journal of Contemporary Accounting and Economics, 17(2), 1-19.
DOI Scopus17 WoS16
2021 Yawson, A., & Zhang, H. (2021). Central Hub M&A Advisors. Review of Finance, 25(6), 1817-1857.
DOI Scopus11 WoS9
2020 Khedmati, M., Sualihu, M. A., & Yawson, A. (2020). CEO-director ties and labor investment efficiency. Journal of Corporate Finance, 65, 1-24.
DOI Scopus185 WoS174
2020 Khedmati, M., Sualihu, M. A., & Yawson, A. (2020). Religiosity, CEO Overconfidence, and Corporate Hiring Decisions.
2018 Liu, C., & Yawson, A. (2018). Who Acquires Toxic Targets?. Journal of Empirical Legal Studies, 15(4), 842-874.
DOI Scopus5 WoS4
2017 Graham, M., Walter, T., Yawson, A., & Zhang, H. (2017). The value-added role of industry specialist advisors in M&As. Journal of Banking and Finance, 81, 81-104.
DOI Scopus20 WoS18
2017 Richardson, G., Yawson, A., & Zhang, H. (2017). Are Two Heads Better than One? The Role of Investment Banking Syndicates in M&As. SSRN Electronic Journal, 62 pages.
2016 Liu, C., Aharony, J., Richardson, G., & Yawson, A. (2016). Corporate litigation and changes in CEO reputation: guidance from U.S. Federal Court lawsuits. Journal of Contemporary Accounting and Economics, 12(1), 15-34.
DOI Scopus24 WoS24
2015 Mihaylov, G. S., Tretola, J., Yawson, A., & Zurbruegg, R. (2015). Tax compliance behaviour in Australian self-managed superannuation funds. eJournal of Tax Research, 13(3), 740-759.
Scopus2 WoS4
2015 Mihaylov, G., Yawson, A., & Zurbruegg, R. (2015). The decision to seek advice in the self-directed retirement fund industry. Applied Economics, 47(32), 3367-3381.
DOI Scopus6 WoS4
2015 Owen, S., & Yawson, A. (2015). R&D intensity, cross-border strategic alliances, and valuation effects. Journal of International Financial Markets, Institutions and Money, 35, 1-17.
DOI Scopus17 WoS17
2015 Golubov, A., Yawson, A., & Zhang, H. (2015). Extraordinary acquirers. Journal of Financial Economics, 116(2), 314-330.
DOI Scopus106 WoS98
2015 Aharony, J., Liu, C., & Yawson, A. (2015). Corporate litigation and executive turnover. Journal of Corporate Finance, 34, 268-292.
DOI Scopus82 WoS75
2014 Agbloyor, E., Abor, J., Adjasi, C., & Yawson, A. (2014). Private capital flows and economic growth in Africa: the role of domestic financial markets. Journal of International Financial Markets, Institutions and Money, 30(1), 137-152.
DOI Scopus123 WoS95
2013 Owen, S., & Yawson, A. (2013). Information asymmetry and international strategic alliances. Journal of Banking & Finance, 37(10), 3890-3903.
DOI Scopus36 WoS31
2013 Agbloyor, E., Abor, J., Adjasi, C., & Yawson, A. (2013). Exploring the causality links between financial markets and foreign direct investment in Africa. Research in International Business and Finance, 28(1), 118-134.
DOI Scopus84 WoS74
2012 Powell, R., & Yawson, A. (2012). Internal restructuring and firm survival. International Review of Finance, 12(4), 435-467.
DOI Scopus12 WoS8
2012 Agbloyor, E., Abor, J., Adjasi, C., & Yawson, A. (2012). Domestic banking sector development and cross border mergers and acquisitions in Africa. Review of Development Finance, 2(1), 32-42.
DOI Scopus14 WoS13
2012 Graham, M., Walter, T. S., Yawson, A., & Zhang, H. J. (2012). Comparative Advantage, Industry Specialization, and the Role of Investment Banks in M&As.
2011 Abor, J., Graham, M., & Yawson, A. (2011). Corporate governance and restructuring activities following completed bids. Corporate Governance-An International Review, 19(1), 61-76.
DOI Scopus9 WoS5
2011 Farrugia, D., Graham, M., & Yawson, A. (2011). Economic conditions and the motives for multiple open-market share buybacks. Research in International Business and Finance, 25(2), 156-168.
DOI Scopus15 WoS15
2010 Owen, S., Shi, L., & Yawson, A. (2010). Divestitures, wealth effects and corporate governance. Accounting and Finance, 50(2), 389-415.
DOI Scopus34 WoS30
2010 Owen, S., & Yawson, A. (2010). Human development and cross-border acquisitions. Journal of Empirical Finance, 17(4), 689-701.
DOI Scopus11 WoS11
2010 Owen, S., & Yawson, A. (2010). Corporate life cycle and M&A activity. Journal of Banking & Finance, 34(2), 427-440.
DOI Scopus87 WoS80
2009 Yawson, A. (2009). Interaction effects of restructuring decisions on operating profit following performance shocks. Journal of Economics and Business, 61(3), 216-237.
DOI Scopus8
2008 Graham, M., Martey, E., & Yawson, A. (2008). Acquisitions from UK firms into emerging markets. Global Finance Journal, 19(1), 56-71.
DOI Scopus20
2008 Cao, J., Owen, S., & Yawson, A. (2008). Analysing the wealth effect of UK divestitures: An examination of domestic and international sales. Research in International Business and Finance, 22(1), 68-84.
DOI Scopus11
2008 Walter, T., Yawson, A., & Yeung, C. (2008). The role of investment banks in M&A transactions: Fees and services. Pacific-Basin Finance Journal, 16(4), 341-369.
DOI Scopus27
2007 Powell, R., & Yawson, A. (2007). Are corporate restructuring events driven by common factors? Implications for takeover prediction. Journal of Business Finance & Accounting, 34(7-8), 1169-1192.
DOI Scopus44
2007 Graham, M., & Yawson, A. (2007). The impact of institutional shareholding on firm income instability risk: Evidence from Finland. Corporate Ownership and Control, 4(3 C), 279-286.
DOI
2006 Yawson, A. (2006). Evaluating the characteristics of corporate boards associated with layoff decisions. Corporate Governance (Oxford), 14(2), 75-84.
DOI Scopus47
2006 Owen, S., & Yawson, A. (2006). Domestic or international: Divestitures in Australian multinational corporations. Global Finance Journal, 17(2), 282-293.
DOI Scopus6
2006 Cao, J., Owen, S., & Yawson, A. (2006). Evaluating the market reaction to UK divestitures. Management Research Review, 29(8), 471-479.
DOI Scopus2
2005 Powell, R., & Yawson, A. (2005). Industry aspects of takeovers and divestitures: Evidence from the UK. Journal of Banking & Finance, 29(12), 3015-3040.
DOI Scopus64
- Pham, T. P., Abakah, E. J. A., & Yawson, A. (n.d.). Commonality in Total Asset Growth.
- Liu, X., Yawson, A., & Luo, J. (n.d.). The Spillover Effects of Exogenous Events on Managerial Disclosure of Earnings Forecasts: Evidence from U.S. Major Hurricanes.

Year Citation
2020 Liu, C., & Yawson, A. (2020). Financial misconduct and market-based penalties. In C. Alexander, & D. Cumming (Eds.), Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation (pp. 65-134). Chichester, West Sussex; United Kingdom: John Wiley & Sons.
2020 Agbloyor, E., Yawson, A., & Opperman, P. (2020). Private capital flows and economic growth. In J. Abor, C. Adjasi, & R. Lensink (Eds.), Contemporary Issues in Development Finance (pp. 73-103). Abigdon, Oxon, UK: Routledge (Taylor & Francis Group).
2010 Cobblah, M., Graham, M., & Yawson, A. (2010). Due diligence on strategic fit and integration issues: a focal point of M&A success. In R. Gleich, G. Kierans, & T. Hasselbach (Eds.), Value in Due Diligence (pp. 3-15). United Kingdom: Gower Publishing Ltd.
2008 Yawson, A., & Graham, M. (2008). Corporate governance reforms: A necessity for corporate sector development in Ghana. In F. Columbus (Ed.), Corporate Governance in the 21st Century.
2008 Yawson, A., & Graham, M. (2008). Do outsider-dominated boards and large board size curtail firm risk taking?. In F. Columbus (Ed.), Corporate Governance in the 21st Century.

Date Role Research Topic Program Degree Type Student Load Student Name
2025 Principal Supervisor ESG Disclosure and ESG Performance of Australian Listed Firms Master of Philosophy Master Full Time Mr Moruff Adebola Kareem
2025 Co-Supervisor Circular Economy Transition for Plastic Packaging Doctor of Philosophy Doctorate Full Time Mr Lucas Menezes Pereira
2025 Principal Supervisor Does the use of carbon credits affect seasoned equity offerings pricing? Master of Philosophy Master Full Time Ms Quach Thuy Duong Nguyen
2025 Principal Supervisor The Impact of Artificial Intelligence and Digital Transformation on Corporate Financial Decision-Making Across the Corporate Life-cycle Doctor of Philosophy Doctorate Full Time Ms Qiuyi Zhang
2025 Principal Supervisor ESG Disclosure and ESG Performance of Australian Listed Firms - Master Full Time Mr Moruff Adebola Kareem
2025 Principal Supervisor Does the use of carbon credits affect seasoned equity offerings pricing? Master of Philosophy Master Full Time Ms Quach Thuy Duong Nguyen
2025 Co-Supervisor Circular Economy Transition for Plastic Packaging Doctor of Philosophy Doctorate Full Time Mr Lucas Menezes Pereira
2021 Co-Supervisor Firm's Information Transparency and Institutional Shareholders' Reliance on Proxy Advisors Doctor of Philosophy Doctorate Full Time Mr Nanjun Xu
2021 Co-Supervisor Firm's Information Transparency and Institutional Shareholders' Reliance on Proxy Advisors Doctor of Philosophy Doctorate Full Time Mr Nanjun Xu

Date Role Research Topic Program Degree Type Student Load Student Name
2024 - 2025 Co-Supervisor Essays on the Consequences of Mergers and Acquisitions:
Workplace Safety, Market Power, and the Role of Advisors		 Doctor of Philosophy Doctorate Full Time Ms Yusha Gu
2021 - 2025 Principal Supervisor CEO Inside Debt, Corporate Misconduct, Machine Learning in M&As, and Investment Portfolio Performance Doctor of Philosophy Doctorate Full Time Mr Yun Feng
2021 - 2024 Principal Supervisor Transitioning to the Optimal Stage in Corporate Life Cycle: The Role of Mergers and Acquisitions Master of Philosophy Master Full Time Ms Qiuyi Zhang
2020 - 2023 Principal Supervisor Strategic Corporate Responses to External Shocks and Competitive Pressures Doctor of Philosophy Doctorate Full Time Miss Xiaohui Liu
2020 - 2023 Principal Supervisor Do overconfident CEOs face a disadvantage in the managerial
job market?		 Master of Philosophy Master Full Time Ms Harper Ding
2018 - 2019 Principal Supervisor Financial Advisors and Industry Merger and Acquisition Waves Master of Philosophy Master Full Time Mr Yun Feng
2018 - 2022 Principal Supervisor Three Essays on Corporate Finance Doctor of Philosophy Doctorate Full Time Mr G M Wali Ullah
2016 - 2020 Principal Supervisor THREE ESSAYS ON FOREIGN CEOS Doctor of Philosophy Doctorate Full Time Mrs Christiana Osei Bonsu
2016 - 2019 Principal Supervisor CEO Network in Finance Doctor of Philosophy Doctorate Full Time Dr Emmanuel Joel Aikins Abakah
2012 - 2016 Principal Supervisor Working in Teams: Evidence on the Role of Investment Banking Syndicates in Mergers and Acquisitions Doctor of Philosophy Doctorate Full Time Miss Hui Zhong Zhang
2011 - 2012 Principal Supervisor Industry Specialization of Investment Banks in M&A Activities Master of Philosophy Master Full Time Miss Hui Zhong Zhang
2010 - 2014 Principal Supervisor Accounting Conservatism and Corporate Reporting in a High Information Asymmetry Environment Analysis of Initial Stock Offering Firms Doctor of Philosophy Doctorate Full Time Ms Su Jin Kim
2010 - 2013 Principal Supervisor Corporate Litigation, Corporate Governance Restructuring, and Executive Compensation Doctor of Philosophy Doctorate Full Time APrf Chelsea Liu

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