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Full-Text Articles in Finance and Financial Management

Gfc: Origin, Consequence And Cost, Mohamed Ariff, Ahmed Khalid Nov 2011

Gfc: Origin, Consequence And Cost, Mohamed Ariff, Ahmed Khalid

Ahmed Khalid

No abstract provided.


The Impact Of Political Events On Financial Market Volatility: Evidence Using A Markov Switching Process, Ahmed M. Khalid, Gulasekaran Rajaguru Nov 2011

The Impact Of Political Events On Financial Market Volatility: Evidence Using A Markov Switching Process, Ahmed M. Khalid, Gulasekaran Rajaguru

Ahmed Khalid

This paper investigates the impact of political shocks (positive and negative) on financial markets. Using data from Pakistan for the period January 1999 to September 2006, we link ‘a’ political event to the financial market volatility. We use high frequency data from three indicators (currency, stock and money market) of the financial market for empirical estimation. We employ a Markov Switching process to identify the low and high volatility regimes in Pakistan’s financial market and then link these regimes to certain political events. We use data on daily observations of exchange rates, stock prices and interest rates to perform empirical …


Market Development For Fixed Income Securities: The Role Of Socio-Economic And Institutional Factors, Ahmed M. Khalid, Gulasekaran Rajaguru Nov 2011

Market Development For Fixed Income Securities: The Role Of Socio-Economic And Institutional Factors, Ahmed M. Khalid, Gulasekaran Rajaguru

Ahmed Khalid

It is well understood that bond markets play an important role in the development of the overall financial sector. Bond markets also help to make efficient investment and financing decisions, to improve efficiency in the design and implementation of monetary policy, provide financial stability by mitigating rollover risk and interest rate risk for the borrowers, provide an alternative source of finance to firms and thus reduce the monopoly of the banking sector. Given the importance of this market, this paper aims to investigate the factors that may be important for developing a market for domestic bonds. First, we discuss the …


Curriculum Vitae, Karen Ahmed Sep 2011

Curriculum Vitae, Karen Ahmed

Karen Hunt Ahmed

No abstract provided.


Scaling Up Microfinance, Chicago Microfinance 2011, Karen Ahmed May 2011

Scaling Up Microfinance, Chicago Microfinance 2011, Karen Ahmed

Karen Hunt Ahmed

No abstract provided.


Chicago Microfinance Conference 2011, Karen Ahmed May 2011

Chicago Microfinance Conference 2011, Karen Ahmed

Karen Hunt Ahmed

No abstract provided.


Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed Feb 2011

Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed

Karen Hunt Ahmed

Abstract Purpose The purpose of this paper is to illuminate issues surrounding executive compensation as it relates to current understandings of Islamic business law. Methodology We review the emerging bodies of literature in the fields of executive compensation and opinions of stock options under Shari’a law. Findings It appears that the trend in offering employee stock options as part of a Shari’a compliant compensation package is acceptable in most cases, yet because of its close association with the more problematic idea of derivative transactions, the company must be vigilant in obtaining the approval from its Shari’a Standards Board before offering …


Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed Feb 2011

Executive Compensation: The Role Of Shari’A Compliance, William Marty Martin, Karen Hunt Ahmed

William Marty Martin

Abstract Purpose The purpose of this paper is to illuminate issues surrounding executive compensation as it relates to current understandings of Islamic business law. Methodology We review the emerging bodies of literature in the fields of executive compensation and opinions of stock options under Shari’a law. Findings It appears that the trend in offering employee stock options as part of a Shari’a compliant compensation package is acceptable in most cases, yet because of its close association with the more problematic idea of derivative transactions, the company must be vigilant in obtaining the approval from its Shari’a Standards Board before offering …


Resume, Karen Hunt Ahmed Feb 2011

Resume, Karen Hunt Ahmed

Karen Hunt Ahmed

No abstract provided.


Moral Hazards, Crisis, Bail Outs And E-Scads, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly Feb 2011

Moral Hazards, Crisis, Bail Outs And E-Scads, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly

Adjunct Professor Stephen J Kelly

No abstract provided.


Finding A Jewel: Identity And Gendered Space In Islamic Finance, Karen Ahmed Dec 2010

Finding A Jewel: Identity And Gendered Space In Islamic Finance, Karen Ahmed

Karen Hunt Ahmed

In this article, I explore how globalization discourses practices work together to form the identities of female Islamic bankers working in the first stand-alone women’s Islamic bank in Dubai, United Arab Emirates. An Islamic bank interacts with the individual by providing a discursive and physical space in which the subject can shape and respond to her desire to identify and engage with the debates in the global Muslim community about morality, practice and the role of Islam in every day life. Global financial systems and local gender practices are embodied in these buildings in a kind of financial purdah: building …


Impact Of Initial Public Offering Coalition On Deal Completion, Kevin Boeh, Colette Southam Dec 2010

Impact Of Initial Public Offering Coalition On Deal Completion, Kevin Boeh, Colette Southam

Colette Southam

Measures of underwriter and top management team prestige have been shown to signal the underlying quality of a company in an initial public offering (IPO). We extend these measures to include the entire coalition (i.e., managers, board, venture capitalists (VCs), underwriters, auditors, and both sets of lawyers) and surprisingly find VCs to have the highest explanatory power in predicting IPO outcomes (completion or withdrawal). Companies with deep management and a separation of the CEO/chair role are more likely to hire prestigious underwriters and successfully complete IPOs. Although companies with prestigious VCs are more likely to have prestigious underwriters, companies with …


Falling Short: Has The Sec’S Quest To Control Market Manipulation And Abusive Short-Selling Come To An End Or Has It Really Just Begun?, Richard Ramirez Dec 2010

Falling Short: Has The Sec’S Quest To Control Market Manipulation And Abusive Short-Selling Come To An End Or Has It Really Just Begun?, Richard Ramirez

Richard E. Ramirez, J.D. | CFCS

No abstract provided.