Faculty Profile

William

Coffie

Title: 

Prof

Role/Position: 

Head of Department

Office Location: 

G4

Email: 

wcoffie@ug.edu.gh

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ResearchGate

Biography: 

William Coffie is a Financial Economist and the Head of Department of Accounting and Tenure Professor of Accounting & Finance at University of Ghana. He holds a PhD in Financial Economics and Masters Degree in Finance from Birmingham City University, United Kingdom. He has a bachelor’s degree in Accountancy, Postgraduate Certificate & Postgraduate Diploma in Business Administration, Postgraduate Diploma in Marketing, Postgraduate Certificate in (Higher) Education, and Certificate in Business & Industrial Administration. Prof Coffie is a Chartered Accountant, Chartered Marketer, Chartered Investment & Securities Analyst, Chartered Manager and a Fellow of the Institute of Financial Accountants UK.

Prof Coffie has over 20 years’ experience as a University Lecturer in six Universities and several Colleges across Europe, Asia and Africa. He has been publishing in reputable international journals including International Review of Financial Analysis, Journal of Financial Stability, Global Business & Economics Review, Accounting Research Journal etc.  He has over 60 journal and conference publications and authored 8 textbooks. His research interests lie in Accounting Information, Corporate Finance, Financial Inclusion & livelihood, Capital market, Asset Pricing & Volatility, Modelling economic series, IFRS adoption, Corporate Governance, Auditing and Taxation. His teaching cuts across several business disciplines including Accounting, Corporate Finance, Investment & Portfolio Management, Applied Econometrics, Marketing, Human Resource Management, Strategic Management, Research Methods, Financial Engineering, Taxation, Entrepreneurship and Public Relations/Business Communications. As part of his PhD, Prof Coffie received a scholarship to attend training in Financial Econometrics at Wadham College University of Oxford and in Economic modelling at Clare College University of Cambridge.

Prior to working at University of Ghana, Prof Coffie was a Senior Lecturer in Accounting & Finance and Programmes Director for MSc Finance & Accounting and MSc International Banking & Finance at University of Wolverhampton UK for almost 9 years. Besides, prior to his appointment as a Senior Lecturer at University of Wolverhampton, Prof Coffie has previously worked as a Lecturer in Finance at Birmingham City University UK, Lecturer in Business & Taxation at Staffordshire University UK, Lecturer in Accounting at City College Birmingham and Birmingham Metropolitan College. He also taught Marketing & Communication at Kumasi Polytechnic and Advertising & Public Relations at University College of Management Studies. Prof Coffie was a visiting Professor of Corporate Finance at Hong Kong City University from 2008 to 2011 and a visiting Scholar to London Stock Exchange from 2008 to 2014. Currently he is a visiting Professor to Namibia University of Science & Technology and EU Horizon RISE Scholar to Global Development Institute at University of Manchester.

In industry, Prof Coffie worked with Alpha Manna Ltd, Everygoodness MSJ Ltd, Sandwell Metropolitan Council and Royal Mail. He is currently into private Accountancy practice and management consultancy as a hobby. He has consulted extensively for both private and the public sectors including Bauchi State Government in Nigeria, National Union of Local Government Workers in Nigeria, African Development Bank, Ministry of Finance, Institute of Parliamentary Studies Africa, Millenium Development Authority (MiDA) & US Office of Inspector General.  Prof Coffie was the Principal Investigator for the Capital Market Research for Ghana Stock Exchange and a Consultant for Oxfam on Value for Money Analysis on COVID19 Government response programmes. He’s a commodity merchant with enormous experience in the cocoa industry and arbitrage trader in stocks and forex.

 

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Research

Research : 

Accounting Information, Financial Economics, Corporate Finance and Banking, Asset Pricing and Volatility, Applied Econometric modelling, IFRS adoption, Corporate Governance and Auditing.

Teaching

Teaching: 

Accounting

 

1          ADMN045 Cost Accounting I (Diploma)

 

2          ADMN042 Cost Accounting II (Diploma)

 

3          ACCT403 Cost Accounting (BSc)

 

4          ACCT404 Management Accounting (BSc)

 

5          ACCT608 Advanced Managerial Accounting (MBA & MPhil)

 

6          ACCT609 Accounting Systems & Procedures (MBA)

 

7          MSAF607 Management Accounting (MSc)

 

8          EACC606 Advanced Managerial Accounting (Executive MBA)

 

 

 

            Finance and Econometrics

 

9          EACC602 Corporate Financial Strategy (Executive MBA)

 

10        EPMN606 Project Finance & Budgeting (Executive MBA)

 

11        ACCT618 Econometrics Issues in Accounting (MPhil)

 

12        MSAF611 Advanced Financial Management (MSc)

 

13        MSAF601 Quantitative Research (Applied Econometrics) in Accounting & Fin (MSc)

 

14        MSAF 602 Investment & Portfolio Management (MSc)

 

15        ACCT614 Corporate Financial Strategy (MBA)

 

16        MSAF614 Financial Derivatives (MSc)

 

17        IBUS611 Accounting & Financial Management (MSc IB)

Journal Publications

Journal Publications: 

1. Coffie, W., Adu-Poku, M., Mawuena, A. C., Kwakye, T. O. & Amidu, M. (2023). Regional analysis of stock returns effect of earnings management and corporate tax avoidance. Journal of Applied Business & Economics, 25(4). In Press.

2. Soku, M., Amidu, M. & Coffie, W. (2023). Environmental tax, carbon emission and female economic inclusion. Cogent Business & Management, 10(2), 1-20. https://doi.org/10.1080/23311975.2023.2210355

3. Osman, H., Coffie, W. & Amidu, M. (2023). Environmental tax and global income inequality: A method of moments quantile regression analysis. Cogent Business & Management. 10(1), 1-36. https://doi.org/10.1080/23311975.2023.2181139

4. Coffie, W., Brandful, E. K., Amidu, M. & Fosu, S. (2022). Stock return effects of accounting information and institutional quality. Journal of Accounting and Finance, 22(5), 107-127

5. Kwakye, T. O., Coffie, W., Kpeli, P. A. & Abor, P. A. (2022). The effect of IFRS adoption on corporate social responsibility disclosure: the moderating role of multinational activities. Journal of Leadership Accountability and Ethics, 19(4), 121-134

6. Kaitoo, B. & Coffie, W. (2022). Modeling Exchange Rate and Interest Rate Volatility Persistence in Emerging African Economies. Journal of Applied Business and Economics, 24(1), 193-204

7. Akakpo, A. A., Amidu, M., Coffie, W. & Abor, J. Y. (2022). Financial literacy, financial inclusion and participation of individual on the Ghana stock market, Cogent Economics & Finance, 10(1), 1-34

8. Amidu, M., Abor, J. Y., Coffie, W. & Akakpo, A.A. (2021). Financial inclusion, livelihood activities and stock market participation. Emerging Economy Studies, 7(1), 1-39

9. Coffie, W. (2021). Modelling and Forecasting the Conditional Heteroscedasticity with Different Distribution Densities – Frontier Market Evidence. Journal of Accounting and Finance, 21(5), 147 - 160

10. Coffie, W., Bedi, I., Amidu, M. & Duah, B. (2020). The effects of IFRS compliance on earnings reporting quality of financial firms in Ghana. Journal of Accounting & Finance, 20(7), 19 - 34

11. Fosu, R.A., Amidu, M. and Coffie, W. (2020). Does institutional intervention achieve intended outcomes? The case of a professional accountancy organisation. International Journal of Critical Accounting, 11(2), 91–113

12. Coffie, W. & Bedi, I. (2019). The Effects of IFRS adoption and firm size on audit fees in financial institutions in Ghana. Accounting Research Journal, 32(3), 436-453

13. Mensah, L., Allotey, D., Sarpong-Kumankoma, E. and Coffie, W. (2019), "What debt threshold hampers economic growth in Africa? International Journal of Development Issues, 19 (1), 25-42

14. Amidu, M., Coffie, W. & Sissy, M. A. (2019). The Effect of Market Power on Stability: Do Diversification and Earnings Strategy Matter? Afro-Asian Journal of Finance & Accounting, 9(4), 381-405

15. Coffie, W., Amidu, M. & Acquah, P. (2019). Transfer Pricing, Earnings Management and Tax Avoidance of Firms in Ghana. Journal of Financial Crime, 25(1), 235-259

16. Coffie, W., Bedi, I. & Amidu, M. (2018). The Effects of Audit Quality on the Costs of Capital of Firms in Ghana. Journal of Financial Reporting & Accounting, 16(4), 639-659.

17. Amidu, M., Coffie, W., Issahaku, H. & Sissy, A. M. (2018). The Implications of Cross Border Banking and Funding Strategy for Risk and Return. Journal of Applied Business & Economics, 20(4), 93-119

18. Gariba, F., Amidu, M. & Coffie, W. (2018). The Risk and Returns Effects of Corporate Governance and Funding Strategy of Banks in Ghana. African Journal of Accounting, Auditing & Finance, 6(2), 154-175.

19. Coffie, W. (2018). Modelling and Forecasting Volatility of the Botswana and Namibia Stock Market Returns: Evidence Using GARCH Models with Different Distribution Densities. Global Business & Economics Review, 20(1), 18-35.

20. Coffie, W., Aboagye-Otchere, F. K. & Alhassan, M. (2018). Corporate Social Responsibility Disclosures (CSRD), Corporate Governance and the Degree of Multinational Activities: Evidence from a Developing Economy. Journal of Accounting in Emerging Economies, 8(1), 1-19.

21. Fosu, S., Ntim, C., Coffie, W. & Murinde, V. (2017). Bank Opacity, Competition and Risk-taking: Evidence from Analysts' Forecasts. Journal of Financial Stability, 33(C), 81-95.

22. Coffie, W. (2017). Conditional Heteroscedasticity and Stock Market Returns: Empirical Evidence from Morocco and BVRM. Journal of Applied Business & Economics, 19(5), 43-57.

23. Coffie, W., Tackie, G., Bedi, I. & Aboagye-Otchere, F. (2017). Alternative Models for the Conditional Heteroscedasticity and the Predictive Accuracy of Variance Models – Empirical Evidence from East and North Africa Stock Markets. Journal of Accounting & Finance, 17(2), 100-116.

24. Fosu, S., Danso, A., Wasim, A. & Coffie, W. (2016). Information Asymmetry, Leverage and Firm Value. International Review of Financial Analysis, 46(C), 140-150

25. Coffie, W. (2015). Modelling and forecasting the conditional heteroscedasticity of stock returns using asymmetric models: Empirical evidence from Ghana and Nigeria. Journal of Accounting and Finance, 15(5), 109-123.

26. Coffie, W. (2015). Measuring volatility persistence and risk in Southern and East African stock markets, International Journal of Economics and Business Research, 9(1), 23-36.

27. Coffie, W. and Chukwulobelu, O. (2014). Modelling stock return volatility: comparative evidence from selected emerging African and Western developed markets. International Journal of Management Practice, 7(4), 366-379

28. Coffie, W. (2014). Analysing Security Performance in Morocco and South Africa using CAPM. Afro-Asian Journal of Finance and Accounting, 4(2), 182-202

29. Coffie, W. and Chukwulobelu, O. (2014). Significance of Beta in Estimating Cost of Capital in an Emerging Economy – The Nigerian Evidence. International Journal of Management Practice, 7(1), 55-69

30. Chukwulobelu, O., Coffie, W. and Fosu, S. (2014). Multifactor Explanation of Security Returns in South Africa. International Journal of Management Practice, 7(4), 380-397.

31. Coffie, W. and Chukwulobelu, O. (2013). The Cost of Equity Capital in Emerging Market – The Case of Kenya, International Journal on Business Review, 4(2), 192-200.

Book Chapter

Book Chapter - Edited Books: 

Coffie, W., Fiador, V. O. & Isa, A. (2023). SRI Portfolio Construction and Asset Selection”, in the edited book, “Sustainable and Responsible Investment in Developing Markets: A Companion”, Edward Elgar Publishing. 348 - 363.

Nabieu, G. A., Fiador, V. O., Ofoeda, I. & Coffie, W. (2023). International Cost of Capital and Capital Structure, in the edited book, ‘‘International Finance for Developing Economies’’, EPP Book Services. In Press.

Kuttu, S., Coffie, W., Chipeta, C. & Afedzie, E. (2022). Foreign Direct Investment, Stock Market Development, and Inclusive Growth in Selected Sub-Saharan African Countries. In: Abor, J.Y., Adjasi, C.K.D. (eds) The Economics of Banking and Finance in Africa. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham, Switzerland. 987-1012

Bedi, I & Coffie, W. (2019). Public Finance and the Sustainable Development Goals in Ghana. In. M. Ramutsindela & D. Mickler (Eds.), Africa and the Sustainable Development Goals (pp. 91-99). Switzerland: Springer Nature Publishing

Coffie, W. and Chukwulobelu, O. (2012). The Application of Capital Asset Pricing Model (CAPM) to Individual Securities on Ghana Stock Exchange. Research in Accounting in Emerging Economies, 12(B), 121-147.

Books

Books: 

Coffie, W. (2019). Investment & Portfolio Management. DigiBooks. ISBN:978-9988-2-8561-6

Coffie, W. (2018). Practical Research Methods by Illustration. DigiBooks. ISBN 978-9988-2-7571-6.

Coffie, W. (2018). Cost & Management Accounting Questions & Answers Bank. DigiBooks. ISBN: 978-9988-2-1895-9

Coffie, W., Hammond, F. and Wall, S (2015). Pre-Doctoral Research Guide. Pearson. ISBN 978-1-78448-393-7.

Coffie, W., Hammond, F. and Wall, S (2015). Business and Economics Environment. Pearson. ISBN 978-1-78448-387-6.

Coffie, W., Hammond, F. and Wall, S (2015). Business English and Study Skills. Pearson. ISBN 978-1-78448-391-3.

Coffie, W., Hammond, F. and Wall, S (2015). Information and Data Analysis. Pearson. ISBN 978-1-78448-386-9.

Coffie, W., Hammond, F. and Wall, S (2015). Enterprise and Entrepreneurship. Pearson. ISBN 978-1-78448-392-0

Conference Proceedings

Conference Proceedings: 

Co-Presenter, The 6th International Conference on Advanced Business and Law (ICABL), University of Dubai, November 26-27, 2022, UAE.

Co-Presenter, The 5th College of humanities international research conference, University of Ghana. October 13-15th 2022, Ghana.

Co-Presenter, The seventh cross country perspective in finance. Journal of international financial Markets and Money. June 23-25th 2022, Cyprus.

Speaker, ACCA Global Virtual University Conference, May 31, 2022.

Presenter, International Conference on Economics and Business Management by International Academy of Science, Technology, Engineering and Management (IASTEM), London, August 19, 2018

Presenter, 6th International Conference on Accounting and Finance in Africa by African Accounting and Finance Association (AAFA), Strathmore University, Nairobi, Kenya, August 31 -September 2, 2016

Co-Presenter, XXV International Rome Conference on Money, Banking and Finance (MBF), University of Rome III, December, 1-2, 2016

Presenter, 5th International Conference on Accounting and Finance in Africa by African Accounting and Finance Association (AAFA), University of Mauritius, Port de Louis, Mauritius, September 2-4, 2015

Participant, Econometrics Summer School at Clare College, University of Cambridge, UK, July 21-28, 2013

Presenter, 3rd International Conference on Accounting and Finance in Africa by African Accounting and Finance Association (AAFA), Makerere University, Kampala, Uganda, September 4-6, 2013

Presenter, 25th School Research Conference by University of Wolverhampton Business School, UK, May 1, 2012

Presenter, Time Varying Correlation and Volatility Symposium, University of Wolverhampton Business School, May 10-11, 2012

Presenter, 2nd International Conference on Accounting and Finance in Africa by African Accounting and Finance Association (AAFA), Abuja, Nigeria, September 2-4, 2012

Presenter, 1st International Conference on Accounting and Finance in Africa, by African Accounting and Finance Association (AAFA), Accra, Ghana, September 7-9, 2012

Presenter, 18th School Research Conference by University of Wolverhampton Business School, UK, January 15, 2009

Other

Awards & Honours: 

1. Investigator, Comparative tax regimes in Africa and Europe. This project is funded by EU Horizon Research Grant of 8,400 Euros. 2022-2023

2. Financial Consultant, UG Hospital Review and Business Plan. This consultancy is funded by UG Hospital with a fee of GHS278,000 to the Business School. 2022-23.

3. Principal Investigator, Regional Effects of Earnings Management and Corporate Tax Avoidance on Stock Returns. This project is funded by University of Ghana Business School’s Research Grant of 3000 USD. 2022-2023.

4. Consultant, Value for Money Analysis of Government Covid-19 Response Programme, Oxfam International. This consultancy was funded by Oxfam International with a fee of $45,000 to the University of Ghana. 2021-2022.

5. Principal Investigator, Accounting Information Quality, Tax Avoidance and Stock Return. This project was funded by University of Ghana Business School’s Research Grant of 3000 USD. 2021-2022.

6. Principal Investigator, Investigating Stock Market Participation in Ghana. This project is sponsored by Ghana Stock Exchange with a grant of 150,000 GHS. 2017-2019.

7. Principal Investigator, The Effects of IFRS Adoption and Firm Size on Audit Fees in Financial Institutions in Ghana. This project was funded by University of Ghana Business School’s Research Grant of 3000 USD. 2017-18.

8. Principal Investigator, Conditional Heteroscedasticity in African Stock Market Returns. This project was funded by University of Ghana Business School’s Research Grant of 3000 USD. 2016-17.

9. Principal Investigator, Conditional Heteroscedasticity in Mauritius and Zambia Stock market returns with varying distribution densities. This project was funded by University of Ghana Business School’s Research Grant of 3000 USD. 2015-16

10. Principal Investigator, Modelling and Forecasting Botswana and Namibia Stock Returns. This project was funded by University of Ghana Business School’s Research Grant of 3000 USD. 2014-15

11. Principal Investigator, Analysing Security Performance in Morocco and South Africa using CAPM. This project was funded by Management Research Centre (MRC) of University of Wolverhampton Business School’s Research Grant of 1,350 GBP. 2013-14

12. Principal Investigator, The Cost of Equity Capital in Emerging Market – The Case of Kenya. This project was funded by Management Research Centre (MRC) of University of Wolverhampton Business School’s Research Grant of 1,350 GBP. 2012-13

Affiliations: 

Fellow Institute of Financial Accountants, UK

Member Chartered Management Institute, UK

Member Association of Certified Chartered Accountants, UK

Member Chartered Institute of Securities & Investments, UK

Associate Chartered Institute of Marketing, UK

Member African Accounting & Finance Association

Member University Teachers Association of Ghana (UTAG)

Consulting: 

2018 Consultant, Management Capacity Building of Total Oil Company

2017-2018 Consultant, Technical Evaluation for the Purchase of Consultancy Service, Millennium Challenge Compact, Millennium Development Authority (MiDA)/Government of Ghana & US Office of the Inspector General (OIG)/United States Government

2015 - 2016 Consultant, Financial Planning, University of Ghana Medical Centre (Teaching Hospital), Ghana

2015 Consultant, Programmes Development, University College of Management Studies, Ghana Consultant, Ghana Institutional Support Training Programme, Ministry of Finance/AfDB, Ghana

2014 Consultant, Microfinance and Organised Labour, National

2014 Consultant, Teaching and Assessment Quality, University Teachers Association of Nigeria,

2013 Consultant, Development of Government Rural Finance Programme, Bauchi State Government, Nigeria.

History

Member for

7 months 3 weeks