  ![](https://neoma-bs.com/sites/default/files/uploaded_images/profs-neoma_0.png)# ADASI MANU Sylvester

 

 

 
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- ADASI MANU Sylvester
 
  

 

    ![](/sites/default/files/styles/large/public/uploaded_images/photos_academ/41343-adasi-manu-sylvester.jpg?itok=4eBpTEtC)ADASI MANU Sylvester

 Assistant Professor

  

 <sylvester.adasi-manu@neoma-bs.fr> 

 

 

 

 - About
 - Academic publications
 
  

 

    [Finance](https://neoma-bs.com/departements/finance) 

    PhD in Finance 

 

Sylvester Adasi Manu is an Assistant Professor of Finance at NEOMA Business School. He holds a PhD in Finance from City University of Hong Kong. He teaches Capital Budgeting and Financing, Corporate finance, risk management, and other finance related courses. His research interests include banking, corporate finance, social networks, and sustainable finance. His recent research focuses on how firms make financial decisions under uncertainty. His work has appeared in academic journals such as Journal of Banking and Finance and the International Review of Financial Analysis. Sylvester’s research has also been presented at international conferences such as the Financial Management Association (FMA) Annual Meeting, European Financial Management Association (EFMA) Annual Meeting, and Australasian Finance and Banking Conference (AFBC).

 

 ###  Areas of research 



- Banking
- Corporate finance
- Sustainable finance
- Social networks
 
  

 

##   Recent academic contributions  

 KYIU, A., B. TAWIAH, K. ANTWI BOASIAKO, S. ADASI MANU, "Third-party auditor liability risk and trade credit policies", *British Accounting Review*, January 2025, vol. 57, no. 1, pp. 101454  DOI : [ 10.1016/j.bar.2024.101454 ](https://dx.doi.org/10.1016/j.bar.2024.101454)

  

 

 BOASIAKO, K. A., S. ADASI MANU, A. KYIU, B. TAWIAH, "Auditor Litigation Risk and Capital Structure Dynamics", *The International Journal of Accounting*, April 2025, vol. 60, no. 2, pp. 2550003  DOI : [ 10.1142/S1094406025500039 ](https://dx.doi.org/10.1142/S1094406025500039)

  

 

 ANTWI BOASIAKO, K., MANU, S. A., OFOSU BOAMAH, E., BOAMAH, E. O., OSEI BONSU, C., &amp; BONSU, C. O. (2025, January). Skilled labor shortage risk and dividend payout policy. *European Journal of Finance*, 31 (13), 1636-1654. https://doi.org/10.1080/1351847X.2025.2553047  DOI : [ 10.1080/1351847X.2025.2553047 ](https://dx.doi.org/10.1080/1351847X.2025.2553047)

  

 

 

 

 

##   Publications  

 KYIU, A., B. TAWIAH, K. ANTWI BOASIAKO, S. ADASI MANU, "Third-party auditor liability risk and trade credit policies", *British Accounting Review*, January 2025, vol. 57, no. 1, pp. 101454  DOI : [ 10.1016/j.bar.2024.101454 ](https://dx.doi.org/10.1016/j.bar.2024.101454)

  

 

 BOASIAKO, K. A., S. ADASI MANU, A. KYIU, B. TAWIAH, "Auditor Litigation Risk and Capital Structure Dynamics", *The International Journal of Accounting*, April 2025, vol. 60, no. 2, pp. 2550003  DOI : [ 10.1142/S1094406025500039 ](https://dx.doi.org/10.1142/S1094406025500039)

  

 

 ANTWI BOASIAKO, K., MANU, S. A., OFOSU BOAMAH, E., BOAMAH, E. O., OSEI BONSU, C., &amp; BONSU, C. O. (2025, January). Skilled labor shortage risk and dividend payout policy. *European Journal of Finance*, 31 (13), 1636-1654. https://doi.org/10.1080/1351847X.2025.2553047  DOI : [ 10.1080/1351847X.2025.2553047 ](https://dx.doi.org/10.1080/1351847X.2025.2553047)

  

 

 BEHR, P., W. WANG, S. ADASI MANU, "Bank's balance sheet management as a bargaining tool: Evidence from Brazilian labor strikes", *Emerging Markets Review*, March 2024, vol. 59, no. 101094  DOI : [ 10.1016/j.ememar.2023.101094 ](https://dx.doi.org/10.1016/j.ememar.2023.101094)

  

 

 ADASI MANU, S., Y. QI, "CEO Social Connections and Bank Systemic Risk, the “Dark Side” of Social Networks", *Journal of Banking and Finance*, November 2023, vol. 156, no. 106988  DOI : [ 10.1016/j.jbankfin.2023.106988 ](https://dx.doi.org/10.1016/j.jbankfin.2023.106988)

  

 

 ANTWI BOASIAKO, K., S. ADASI MANU, N. YAW ANTWI-DARKO, "Does financing influence the sensitivity of cash and investment to asset tangibility?", *International Review of Financial Analysis*, March 2022, vol. 80, no. 102055  DOI : [ /10.1016/j.irfa.2022.102055 ](https://dx.doi.org//10.1016/j.irfa.2022.102055)

  

 

 OPOKU, E. E. O., N. KWABENA KUFUOR, S. ADASI MANU, "Gender, electricity access, renewable energy consumption and energy efficiency", *Technological Forecasting and Social Change*, December 2021, vol. 173, no. 121121 

 LIN, B., I. ANKRAH, S. ADASI MANU, "Brazilian Energy Efficiency and Energy Substitution: A Road to Cleaner National Energy system", *Journal of Cleaner Production*, September 2017, vol. 162, pp. 1275-1284  DOI : [ 10.1016/j.jclepro.2017.06.011 ](https://dx.doi.org/10.1016/j.jclepro.2017.06.011)

  

 

 

 

 

##   Conference contributions  

 ADASI MANU, S., Y. QI, "CEO Social Network and Systemic Risk" in *The 3rd Sydney Banking and Financial Stability Conference*, 2019, Sydney, Australia 

 ADASI MANU, S., Y. QI, "CEO Social Network and Systemic Risk" in *32nd Australasian Finance and Banking Conference (AFBC)*, 2019, Sydney, Australia