Professor Isaac Otchere
Professor Isaac Otchere
Dr. Isaac Otchere is a Professor of Finance, Sprott School of Business, a Resource Person for the African Economic Research Consortium (AERC), a Fellow of the Carnegie African Diaspora Program, serves on the editorial boards of many Finance, Economic, and International Business journals, and maintains his professional designation as a Chartered Accountant.
Dr. Otchere is an academic visionary with a passion for continual learning who frequently branches outside of his comfort zone to explore topical issues. Although an expert in finance, his research program consists of a diverse and ever-maturing range of topics, with an overarching construct of elucidating the moderating factors that affect corporate performance. In fact, much of his research is cutting edge and has significant policy and social implications. Dr. Otchere is not only one of the top researchers at Sprott with an extensive list of publications in high-ranking finance journals, numerous conference presentations, and a host of research awards, but he is also one of the most recognized and awarded professors in the Sprott School of Business for his teaching excellence and student mentoring. Moreover, he has been teaching around the world, gaining international exposure and bringing this wisdom and worldly acumen into his research and his teaching at Sprott.
Education
2000 Ph.D. Finance. University of Tasmania (Australia)
1994 Master of Management Studies (Finance) Carleton University, Canada
1992 M.A. Public Administration. Carleton University, Canada
1988 B.Sc. Administration (Accounting). University of Ghana, Legon, Ghana
Research Grants: External
2010-2013 Social Science & Humanities Research Council (SSHRC). Cross Border Acquisitions and the
Canadian Economy: Assessing the Impact of Foreign Takeovers on the Efficiency and
Competitiveness of Canadian Firms. Sole Investigator, $53,000.
2005-2008 Social Science & Humanities Research Council (SSHRC). Taking Stock of Privatization
Outcomes: Why Some Privatized Firms Fail. Sole Investigator. $72,969
Research Awards
2013 Graduate Mentoring Award, Faculty of Graduate Studies, Carleton University
2013 Best paper Award: 3rd Global Accounting, Finance & Economics Conference, Melbourne
2008 Research Achievement Award, Carleton University, Ottawa, Canada
2006 Annual Research Award, Faculty of Business, University of New Brunswick
2005 Dean’s Award for research excellence, Faculty of Economics and Commerce, University of
Melbourne, Australia.
Teaching Awards
2013 Carleton University Students Association (CUSA) Teaching Excellence Award
2012 Carleton University Provost Fellowship in Teaching Award
2010 Carleton University Teaching Achievement Award
2010 Carleton University Students Association (CUSA) Teaching Excellence Award
2009 OCRI Canada’s Capital Educators’ Award, Ottawa
2009 Finalist-Teacher of the year, Sprott School of Business Students Society
2006 Excellence in Teaching Award, Faculty of Business, University of New Brunswick
2006 Student Choice Teaching Award Nomination Certificate, University of New Brunswick
Publications
ARTICLES IN REFEREED JOURNALS
• Jog, V., Otchere, I, and Zhu, P (2014), Idiosyncratic Volatility and Mergers and Acquisitions in
Emerging Markets, Emerging Markets Review, Forthcoming.
• Mohsni, S., and Otchere, I, (2014), Financial Crisis, Liquidity Infusion and Risk-Taking: The Case
of Canadian Banks, Journal of Bank Regulation, Forthcoming
• Otchere, I, Owusu-Antwi, G., Mohsni, S., (2013) Why are Stock Exchange IPOs So Underpriced
Yet Outperform in the Long Run? Journal of International Financial Markets, Institutions & Money
27, 76-98;
• Aboagye, A. Q. Q. Otchere, I., (2012), How Have Consumers Fared in Bank Privatization?
International Evidence, International Journal of Financial Research, 4, 29-45.
• Allen, F., Otchere, I, Senbet, L., (2011), African Financial System: A Review, Review of
Development Finance 1, 79-113
• Zhu, P., Jog, V., Otchere, I., (2011), Partial Acquisition in Emerging Markets: A test of the
Strategic Market Entry and Corporate Control Hypotheses, Journal of Corporate Finance 17,
288-305.
• Oldford, E and Otchere, I., (2011), Can corporatization improve the performance of stock
exchanges even without self-listing? Financial Review 46, 67-87.
• Senbet, L.W. and Otchere, I (2010), African Stock Markets, Opportunities and Issues, in African
Finance in the 21st Century, ed. Marc Quintyn and Genevieve Verdier, pp 104-142, Palgrave
Macmillan.
• Gygax, A., and Otchere, I., (2010), Index composition changes and the cost of incumbency,
Journal of Banking and Finance 34, 2500-2509.
• Otchere, I (2009), Competitive and value effects of bank privatization in developed countries,
Journal of Banking and Finance 33, 2373-2385.
• Otchere, I (2008), Privatization, competition and performance: Evidence from Australia, in
Global Privatization and its Impact, 27-45.
• Otchere, I, and K. Abou-Zied (2008), Stock Exchange Demutualization, Self-Listing and
Performance: The Case of the Australian Stock Exchange, Journal of Banking and Finance 32,
512-525.
• Otchere, I (2007), Does the response of competitors to privatization announcements reflect
competitive or industry-wide information effects? International evidence: Journal of Empirical
Finance 14, 523-548.
Dr. Isaac Otchere, Carleton University, Canada | 2
• Otchere, I., and S. Mustopo (2007), Global competitors’ reaction to mega-merger announcements:
The case of the Citicorp-Travelers merger, International Finance Review Vol 7, 229- 254.
• Otchere, I, (2006) Stock exchange self-listing and value effects, Journal of Corporate Finance 12,
926-953.
• Otchere, I, and T. Wong, (2006) Intra-industry effects of index composition changes: The case of
the ASX 100 Index, Journal of International Finance and Economics, Vol. 1V, 116-131.
• Otchere, I., and E. Ip, (2006), Intra-industry effects of completed and cancelled cross border
acquisitions. A test of the acquisition probability hypothesis, Pacific Basin Finance Journal 14, 209-
230.
• Senbet, L. and I. Otchere, (2006) Financial Sector Reforms in Africa:
Perspectives on Issues and Policies. World Bank Development Economics: Growth and Integration
81-119.
• Otchere, I. (2005) Do privatized banks in middle and low-income countries perform better than rival
banks? An intra-industry analysis of bank privatisation. Journal of Banking and Finance 29, 2067-
2093.
• Otchere I., (2005) ‘A Dynamic Analysis of the US Merger-Share Price Relationship in the 1980s
and 1990s’. Advances in Financial Planning and Forecasting 1, 131-160.
• Otchere, I, (2004), Risk changes and intra-industry information effects following dividend initiation
announcements: Evidence based on seemingly unrelated regression method. Investment Management
and Financial Innovations 3, 98-117.
• Otchere, I., and Chan, J. (2003), Short-term overreaction in the Hong Kong Stock Market: Can a
contrarian trading strategy beat the market? Journal of Behavioral Finance vol. 4 No.3, 157-171.
• Otchere, I., and Chan, J. (2003), Intra-industry effects of bank privatization: A clinical analysis of
the privatization of the Commonwealth Bank of Australia, Journal of Banking and Finance 27, 949-
975.
• Otchere, I (2003), Accounting and Finance at Forty: A retrospective review’ Accounting and
Finance (2003) 43, 211-230.
• Otchere, I and Ross, M., (2002), Do share buy back announcements convey firm specific or
industry-wide information? A test of the Undervaluation hypothesis’ International Review of
Financial Analysis 11, vol. 4, 511-531.
• Otchere, I (2002), Two decades of information transfer studies: A review’. Accounting Research
Journal 15, (2) 21-38.
• Lamba, A., and I. Otchere (2001), An analysis of the dynamic relationships between the South
African equity market and the world’s major equity markets’ Multinational Finance Journal 5 (3),
201-224.
• Otchere I and Z. Zhang, (2001) Privatization, efficiency and intra-industry effects: Analysis of
China’s privatisation. International Review of Finance (2001) Vol 2, 49-70.
• Lamba, A and Otchere, I, (2001) Analysis of the linkages among the African equity markets and the
world's major equity markets African Finance Journal 3, (2) 1-25.
