Akwasi Ampofo
Akwasi Ampofo
- Doctor of Philosophy in Business, Virginia Tech, Blacksburg, Va., 2021
- Doctor of Business Administration in Accounting, Nova Southeastern University, Fort Lauderdale, Fla., 2005
- Master of Business Administration in Finance, University of Baltimore, Baltimore, Md., 2001
Akwasi Ampofo has extensive experience working in the insurance and financial services industry for many companies, including MassMutual, Financial Accounting Standards Board, The Hartford, Swiss Re, and Cigna. He worked in positions with increasing responsibilities from assistant director, director, and assistant vice president. He was controller of finance at The Development Training Institute Inc., in Baltimore, Md. He has taught graduate and undergraduate courses in business, accounting, and finance for the University of Connecticut, Southern Connecticut State University, and University of Maryland University College (UMUC/UMGC). Akwasi is a curious researcher of interdisciplinary topics in business, capital structure, financial statement analysis, right of use assets, business ethics, and accounting standard-setting. He lives in Bloomfield, Conn., with his beautiful wife, Mrs. Lily Ampofo, and their wonderful children. Finally, he likes to play basketball, soccer, and swim with family and friends, and he is very involved in giving back to his community.
- Business ethics
- Capital structure
- Financial statement analysis
- Right of use asset
- Accounting standard-setting
- Artificial intelligence
- Licensed as a Certified Public Accountant (CPA) in Connecticut, Virginia, and Maryland
- Fellow of Chartered Certified Accountant (FCCA)
- Member of the Connecticut Society of CPAs
- Member of the Association of Chartered Certified Accountants (ACCA)
- Intermediate Accounting I
- Intermediate Accounting II
- Accounting for Decision-making
- Managerial Finance
- Auditing
- Financial Reporting
Selected Works
Presentations
- Ampofo, A. (2020). The Impact of Ethical Corporate Citizenship, and CEO Power and Firm Outcomes. American Accounting Association, Midyear 2020 Diversity Section. Available online at: https://aaahq.org/Meetings/2020/Diversity-Section-Meeting/Program
- Ampofo, A, et al. (2004). Organizational Ethical Culture: A Significant Determinant of Ethical Behavior. American Accounting Association, [Online]
- Ampofo, A., Ramage, J., Mujtaba, B. and Cavico, F. (2005). The Impact of the Theory of Planned Behavior on Insurance Industry Accounting/Finance Professionals’ Insider Trading Choice. Presented at Northeastern American Accounting Association meeting in Tarry Town, New York (April 14th to 16th).
Publications
- Ampofo, A. A., & Barkhi, R. (2023). The Impact of CEO Power and Ethical Corporate Citizenship on Firms’ Outcomes. Research in International Business and Finance, 102076.
- Ampofo, A., Barkhi, R., & Nketia, J. (2023). The effect of accounting for high performing employee services as a right of use asset on the balance sheet on nonprofessional investors judgments. Journal of Corporate Accounting & Finance, 34(3), 232-264.
- Ampofo, A. A. (2021). Two Essays on Capital Structure Decisions of the Firm: An Empirical Analysis of the Impact of Managerial Entrenchment and Ethical Corporate Citizenship (Doctoral dissertation, Virginia Tech).
- Nketia, J., Asare, E. K., & Ampofo, A. A. Non‐bank financing of small and medium size firms in developing economies: Effect of management control systems including large firm affiliation. Journal of Corporate Accounting & Finance.
- Ampofo, A. A., & Sellani, R. J. (2005, June). Examining the differences between United States Generally Accepted Accounting Principles (US GAAP) and International Accounting Standards (IAS): implications for the harmonization of accounting standards. In Accounting forum (Vol. 29, No. 2, pp. 219-231). Taylor & Francis.
- Ampofo, A. A. (2005). An empirical investigation into the relationship of organizational ethical culture to ethical decision-making by accounting/finance professionals in the insurance industry in the USA. Nova Southeastern University.
