Personal profile
Teaching
Financial Institutions
Global Financial Markets
International Business Finance
Fintech and Blockchain Technology
Risk Management in Banking
Biography
Dr Rilwan Sakariyahu is a Senior Lecturer in Financial Economics within the Economic Studies Group of the Business School. Before now, he has worked with Manchester Metropolitan University and Edinburgh Napier University. Rilwan holds a PhD in Financial Economics from Edinburgh Business School, Heriot-Watt University (UK), and was a full recipient of Heriot-Watt University PhD Scholarship (approx. £110,000) and American Finance Association (AFA) PhD Grant ($1,500). He is an Associate Member of the Chartered Institute of Bankers of Nigeria (CIBN), the Chartered Institute of Stockbrokers in Nigeria (CIS) and the Chartered Institute for Securities and Investment, United Kingdom (CISI). He is also an Associate Fellow of the Higher Education Authority (UK). Before his PhD in the UK, Rilwan worked with Sterling Bank plc, United Bank for Africa plc, and the University of Ilorin.
Research
Rilwan’s research interests are in corporate finance, financial economics, financial markets, development, and sustainable finance. His research has been published in top journals such as British Journal of Management (ABS-4), Journal of International Financial Markets, Institutions and Money (ABS-3), British Accounting Review (ABS-3), Review of Quantitative Finance and Accounting (ABS-3), Financial Accountability and Management (ABS-3), Business Strategy and Environment (ABS-3), Journal of Environmental Management (ABS-3), Technological Forecasting and Social Change (ABS-3), International Journal of Finance and Economics (ABS-3) and Economics Letters (ABS-3).
Selected publications
- Paterson, A., Sakariyahu, R., Lawal, R. & Alabi, A (2024). The impact of government policy responses to the COVID‐19 pandemic and Brexit on the UK financial market: A behavioural perspective. British Journal of Management, 00, 1-20 (ABS-4).
- Sakariyahu, R., Paterson, A., Chatzivgeri, E., & Lawal, R. (2024). Chasing noise in the stock market: an inquiry into the dynamics of investor sentiment and asset pricing. Review of Quantitative Finance and Accounting, 1-35 (ABS-3).
- Bo, H., Lawal, R. and Sakariyahu, R. (2024). China’s infrastructure investments in Africa: An imperative for attaining sustainable development goals or a debt-trap? British Accounting Review (ABS-3).
- Sakariyahu, R., Fagbemi, T., Adigun, R., Lawal, R., Seyingbo, O., & Oyekola, O. (2024). Severity of climate change and the impact on quality of life in Africa. Journal of Environmental Management, 356, 120537 (ABS-3).
- Fagbemi, T., Dosumu, Oluwatoyin, Nakpodia, F. Sakariyahu, R., Adigun, R. (2024). Resilience and adaptation of third sector organizations (TSOs) during crisis situations: Insights from a Sub-Saharan African economy. Financial Accountability and Management (ABS-3).
- Sakariyahu, R., Johan, S., Lawal, R., Paterson, A., and Adigun, R. (2024). One crash, too many: global uncertainty, sentiment factors and the cryptocurrency market. Journal of International Financial Markets, Institutions and Money (ABS-3).
- Lawal, R. and Sakariyahu, R. (2024).Investor heterogeneity and global stock market participation. Economics Letters (ABS-3).
- Sakariyahu, R., Lawal, R., Etudaiye-Muhtar, O. F., & Ajide, F. M. (2023). Reflections on COP27: How do technological innovations and economic freedom affect environmental quality in Africa? Technological Forecasting and Social Change, 195, 122782 (ABS-3).
- Dosumu, O. E., Sakariyahu, R., Oyekola, O., & Lawal, R. (2023). Panic bank runs, global market contagion and the financial consequences of social media. Economics Letters, 111170 (ABS-3).
- Sakariyahu, R., Lawal, R., Kwansa, N. A., Ahmed, A., & Adamolekun, G. (2023). Emissions trading scheme participation and firms’ cash holdings. Finance Research Letters, 58, 104565 (ABS-2).
Research interests
Rilwan’s research interests are in corporate finance, financial economics, financial markets, development, and sustainable finance. His research has been published in top journals such as British Journal of Management (ABS-4), Journal of International Financial Markets, Institutions and Money (ABS-3), British Accounting Review (ABS-3), Review of Quantitative Finance and Accounting (ABS-3), Financial Accountability and Management (ABS-3), Business Strategy and Environment (ABS-3), Journal of Environmental Management (ABS-3), Technological Forecasting and Social Change (ABS-3), International Journal of Finance and Economics (ABS-3) and Economics Letters (ABS-3).
Education/Academic qualification
Doctor of Philosophy, PhD in Financial Economics, Heriot-Watt University
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
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SDG 1 No Poverty
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SDG 3 Good Health and Well-being
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SDG 7 Affordable and Clean Energy
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SDG 8 Decent Work and Economic Growth
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SDG 9 Industry, Innovation, and Infrastructure
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SDG 10 Reduced Inequalities
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SDG 13 Climate Action
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Collaborations and top research areas from the last five years
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Bridging the Energy Divide: The Impact of Finance, Political Regimes, and International Sanctions on Renewable Energy Access
Sakariyahu, R. (Lead / Corresponding author), Lawal, R., Ajide, F. & Oladipupo, S., Jan 2026, In: Economics Letters. 258, 7 p., 112747.Research output: Contribution to journal › Article › peer-review
Open AccessFile12 Downloads (Pure) -
From profit to preservation: how business climate shapes environmental degradation in developing economies
Sakariyahu, R., Lawal, R., Ajide, F., Oladipupo, S. & Danso, A. (Lead / Corresponding author), Jun 2026, In: Journal of Business Research. 211, 116187.Research output: Contribution to journal › Article › peer-review
Open AccessFile12 Downloads (Pure) -
R&D Disclosure and Carbon Performance: A Machine Learning Analysis of Carbon-Intensive Firms
Acheampong, A., Danso, A. (Lead / Corresponding author), Adu-Ameyaw, E. & Sakariyahu, R., 3 Feb 2026, (E-pub ahead of print) In: Business Strategy and the Environment. p. 1-21 21 p.Research output: Contribution to journal › Article › peer-review
Open AccessFile28 Downloads (Pure) -
Corporate Climate Change Risk and Carbon Emission Mitigation Initiatives: Evidence from Membership of Emission Trading Schemes
Adamolekun, G. (Lead / Corresponding author), Ahmed, A., Kwansa, N. A., Lawal, R. & Sakariyahu, R. (Lead / Corresponding author), 3 Jul 2025, In: Business Strategy and the Environment. 34, 5, p. 6054-6077 24 p.Research output: Contribution to journal › Article › peer-review
Open AccessFile4 Downloads (Pure) -
Corporate Climate Risk and Membership of Emission Trading Schemes
Adamolekun, G., Ahmed, A., Kwansa, N. A., Lawal, R. & Sakariyahu, R. (Lead / Corresponding author), 13 Apr 2025, (E-pub ahead of print) In: Business Strategy and the Environment. 24 p.Research output: Contribution to journal › Article › peer-review
Open AccessFile6 Link opens in a new tab Citations (Scopus)51 Downloads (Pure)