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Iftekhar Hasan

Iftekhar Hasan


Fractional Professor

The University of Sydney
NSW 2006 Australia


Bio

Iftekhar Hasan is a fractional professor within the Discipline for Finance. He is also the E. Gerald Corrigan Chair in International Business and Finance at Gabelli School of Business and co-director of the Center for Research in Contemporary Finance at Fordham university in New York, USA. Professor Hasan serves as the scientific advisor at the Central Bank of Finland. He is the managing editor of the Journal of Financial Stability.

Professor Hasan's research interests are in the areas of financial institutions, corporate finance, capital markets and emerging economies. Professor Hasan has more than 325 publications in print, including 16 books and edited volumes, and more than 225 peer-reviewed articles in finance, economics, accounting, and management journals such as JFE, JFQA, JoB, JME, RoF, JFI, JMCB, JCF, FM, JEF, JIMF, JBF, SMJ, HRM, BJM, RP, JAR, CAR, JAPP, JAAF, MS, EJOR, and JMIS.
 Professor Hasan has presented his research at more than 550 professional meetings and institutions worldwide and has been a consultant or a visiting scholar for numerous international organizations, including the World Bank, the IMF, the United Nations, the Federal Reserve Bank of Atlanta, the Office of the Comptroller of Currency of the U.S. Treasury, the Banque de France, Development Bank of Japan, and the Italian Deposit Insurance Corporation. Professor Hasan has been serving as a research fellow at the Financial Institution Center at the Wharton School and a visiting fellow at the Finance Department of the NYU Stern School of Business and Halle Institute for Economic Research (IWH), Germany. He is a Fulbright Scholar and holds an honorary PhD from the Romanian-American University in Bucharest.

Professor Hasan has held visiting faculty positions at several American and European universities, including the University of Rome, Italy; the University of Strasbourg, France; the University of Carlos III, Madrid; EPFL at Lausanne, Switzerland; the University of Limoges, France; National Taiwan University at Taipei; the University of Romania at Bucharest; University of Twente, Netherlands, and NYU's Stern School of Business. He received his BSS degree from University of Dhaka and MA and PhD from University of Houston.



2017

Journal Article

Hasan I, Liu L, Wang H, and Zhen X (2017). Bank Market Power and Loan Contracts: Empirical Evidence Access Economics, 46 (3), 649-675 . [More Information]

Doumpos M, Hasan I, and Pasiouras F (2017). Bank overall financial strength: Islamic versus conventional banks Economic Modelling, 64 513-523 . [More Information]

Hasan I, Jackowicz K, Kowalewski O, and Kozlowski L (2017). Do local banking market structures matter for SME financing and performance? New evidence from an emerging economy Journal of Banking and Finance, 79 142-158 . [More Information]

Francis B, Hasan I, Hunter D, and Zhu Y (2017). Do managerial risk-taking incentives influence firms' exchange rate exposure? Journal of Corporate Finance, 46 154-169 . [More Information]

Hasan I, Hoi C, Wu Q, and Zhang H (2017). Does Social Capital Matter in Corporate Decisions? Evidence from Corporate Tax Avoidance Journal of Accounting Research, 55 (3), 629-668 . [More Information]

Yin D, Hasan I, Kobeissi N, and Wang H (2017). Enforceability of noncompetition agreements and firm innovation: does state regulation matter? Innovation: Management, policy & practice, 19 (2), 270-286 . [More Information]

Soedarmono W, Hasan I, and Arsyad N (2017). Non-linearity in the finance-growth nexus: Evidence from Indonesia International Economics, 150 19-35 . [More Information]

Delis M, Hasan I, and Iosifidi M (2017). On the Effect of Business and Economic University Education on Political Ideology: An Empirical Note Journal of Business Ethics, In Press 1-14 . [More Information]

Deli Y, and Hasan I (2017). Real effects of bank capital regulations: Global evidence Journal of Banking and Finance, 82 217-228 . [More Information]

Hasan I, Hoi C, Wu Q, and Zhang H (2017). Social Capital and Debt Contracting: Evidence from Bank Loans and Public Bonds Journal of Financial and Quantitative Analysis, 52 (3), 1017-1047 . [More Information]

Delis M, Gaganis C, Hasan I, and Pasiouras F (2017). The Effect of Board Directors from Countries with Different Genetic Diversity Levels on Corporate Performance Management Science, 63 (1), 231-249 . [More Information]

Hasan I, Khalil F, and Sun X (2017). The Impacts of Intellectual Property Rights Protection on Cross-Border M&As Quarterly Journal of Finance, 7 (3), . [More Information]

Delis M, Hasan I, and Mylonidis N (2017). The Risk-Taking Channel of Monetary Policy in the U.S.: Evidence from Corporate Loan Data Journal of Money Credit and Banking, 49 (1), 187-213 . [More Information]

2016

Journal Article

Francis B, Hasan I, and Li L (2016). A cross-country study of legal-system strength and real earnings management Journal of Accounting and Public Policy, 35 (5), 477-512 . [More Information]

Francis B, Hasan I, and Li L (2016). Abnormal real operations, real earnings management, and subsequent crashes in stock prices Review of Quantitative Finance and Accounting, 46 (2), 217-260 . [More Information]

Francis B, Hasan I, Sun X, and Wu Q (2016). CEO political preference and corporate tax sheltering Journal of Corporate Finance, 38 37-53 . [More Information]

Abedifar P, Hasan I, and Tarazi A (2016). Finance-growth nexus and dual-banking systems: Relative importance of Islamic banks Journal of Economic Behavior and Organization, 132 198-215 . [More Information]

Gwilym O, Hasan I, Wang Q, and Xie R (2016). In Search of Concepts: The Effects of Speculative Demand on Stock Returns European Financial Management, 22 (3), 427-449 . [More Information]

Gaganis C, Hasan I, and Pasiouras F (2016). Regulations, institutions and income smoothing by managing technical reserves: International evidence from the insurance industry OMEGA International Journal of Management Science, 59 113-129 . [More Information]

Francis B, Hasan I, Mani S, and Ye P (2016). Relative peer quality and firm performance Journal of Financial Economics, 122 (1), 196-219 . [More Information]

Hasan I, and Marinc M (2016). Should competition policy in banking be amended during crises? Lessons from the EU European Journal of Law and Economics, 42 (2), 295-324 . [More Information]

Hasan I, Liu L, and Zhang G (2016). The Determinants of Global Bank Credit-Default-Swap Spreads Journal of Financial Services Research, 50 (3), 275-309 . [More Information]

Francis B, Hasan I, John K, and Waisman M (2016). Urban Agglomeration and CEO Compensation Journal of Financial and Quantitative Analysis, 51 (6), 1925-1953 . [More Information]

Dyer D, Hasan I, Wang H, and Yin D (2016). Venture capital investment, regional innovation and new business creation: A research note International Journal of Banking, Accounting and Finance, 7 (2), 111-124 . [More Information]

Francis B, Hasan I, and Kostova G (2016). When do peers matter?: A cross-country perspective Journal of International Money and Finance, 69 364-389 . [More Information]

2015

Journal Article

Hasan I, Kobeissi N, Wang H, and Zhou M (2015). Banking Structure, Marketization, and Small Business Development: Regional Evidence From China Pacific Economic Review, 20 (3), 487-510 . [More Information]

Delis M, Hasan I, and Tsionas E (2015). Banks' Risk Endogenous to Strategic Management Choices British Journal of Management, 26 (4), 637-656 . [More Information]

Hasan I, Song L, Zhan M, Zhang P, and Zhang Z (2015). Corporate disclosure and financing arrangements: Evidence from syndicated loans in emerging markets Asian Review of Accounting, 23 (2), 139-155 . [More Information]

Becchetti L, Ciciretti R, and Hasan I (2015). Corporate social responsibility, stakeholder risk, and idiosyncratic volatility Journal of Corporate Finance, 35 297-309 . [More Information]

Hasan I, Anand S, Sharma P, and Wang H (2015). Covenants not to Compete: The Ties That Stifle Productivity Human Resource Management Journal, . [More Information]

Curcio D, and Hasan I (2015). Earnings and capital management and signaling: the use of loan-loss provisions by European banks The European Journal of Finance, 21 (1), 26-50 . [More Information]

Hasan I, Raymar S, and Song L (2015). Effects of corporate and country governance on R&D investment: Evidence from emerging markets The Singapore Economic Review, 60 (1), 1-17 . [More Information]

Francis B, Hasan I, Park J, and Wu Q (2015). Gender Differences in Financial Reporting Decision Making: Evidence from Accounting Conservatism Contemporary Accounting Research, 32 (3), 1285-1318 . [More Information]

Francis B, Gupta A, and Hasan I (2015). Impact of compensation structure and managerial incentives on bank risk taking European Journal of Operational Research, 242 (2), 651-676 . [More Information]

Francis B, Hasan I, and Ofori E (2015). Investor protections, capital markets, and economic growth: The African experience Advances in Financial Economics, 18 239-272 . [More Information]

Hasan I, Siddique A, and Sun X (2015). Monitoring the "invisible" hand of market discipline: Capital adequacy revisited Journal of Banking and Finance, 50 475-492 . [More Information]

Shaffer S, Hasan I, and Zhou M (2015). New Small Firms and Dimensions of Economic Performance Economic Development Quarterly: the journal of American economic revitalization, 29 (1), 65-78 . [More Information]

Francis B, Hasan I, and Wu Q (2015). Professors in the Boardroom and Their Impact on Corporate Governance and Firm Performance Financial Management, 44 (3), 547-581 . [More Information]

Hakenes H, Hasan I, Molyneux P, and Xie R (2015). Small banks and local economic development Review of Finance, 19 (2), 653-683 . [More Information]

Hasan I, Kim S, and Wu E (2015). The effects of ratings-contingent regulation on international bank lending behavior: Evidence from the Basel 2 Accord Journal of Banking and Finance, 61 (Supp 1), S53-S68 . [More Information]

Francis B, Hasan I, Song L, and Yeung B (2015). What determines bank-specific variations in bank stock returns? Global evidence Journal of Financial Intermediation, 24 (3), 312-324 . [More Information]

Hasan I, Massoud N, Saunders A, and Song K (2015). Which financial stocks did short sellers target in the subprime crisis? Journal of Banking and Finance, 54 87-103 . [More Information]

2014

Journal Article

Francis B, Hasan I, Wu Q, and Yan M (2014). Are female CFOS less tax aggressive? Evidence from tax aggressiveness Journal of the American Taxation Association, 36 (2), 171-202 . [More Information]

Delis M, Hasan I, and Kazakis P (2014). Bank regulations and income inequality: Empirical evidence Review of Finance, 18 (5), 1811-1846 . [More Information]

Fang Y, Hasan I, Marton K, and Waisman M (2014). Bank valuation in new EU member countries Economic Systems, 38 (1), 55-72 . [More Information]

Francis B, Hasan I, and Wang H (2014). Banking deregulation, consolidation, and corporate cash holdings: U.S. evidence Journal of Banking and Finance, 41 (1), 45-56 . [More Information]

Hasan I, Hoi C, Wu Q, and Zhang H (2014). Beauty is in the eye of the beholder: The effect of corporate tax avoidance on the cost of bank loans Journal of Financial Economics, 113 (1), 109-130 . [More Information]

Francis B, Hasan I, Sun X, and Waisman M (2014). Can firms learn by observing? Evidence from cross-border M&As Journal of Corporate Finance, 25 202-215 . [More Information]

Francis B, Hasan I, and Sun X (2014). Does relationship matter? The choice of financial advisors Journal of Economics and Business, 73 22-47 . [More Information]

Fang Y, Hasan I, and Marton K (2014). Institutional development and bank stability: Evidence from transition countries Journal of Banking and Finance, 39 (1), 160-176 . [More Information]

Hasan I, Song L, and Wachtel P (2014). Institutional development and stock price synchronicity: Evidence from China Journal of Comparative Economics, 42 (1), 92-108 . [More Information]

Hasan I, Kallberg J, Liu C, and Sun X (2014). Mergers and target transparency Advances in Financial Economics, 17 193-227 . [More Information]

Francis B, Hasan I, and Zhu Y (2014). Political uncertainty and bank loan contracting Journal of Empirical Finance, 29 281-286 . [More Information]

Hasan I, and Song L (2014). Public disclosure and bank loan contracting: Evidence from emerging markets Asian Review of Accounting, 22 (1), 2-19 . [More Information]

Francis B, Hasan I, and Sun X (2014). The certification role of financial advisors in cross-border M&As International Review of Financial Analysis, 32 143-158 . [More Information]

Shen C, Hasan I, and Lin C (2014). The Government's Role in Government-owned Banks Journal of Financial Services Research, 45 (3), 307-340 . [More Information]

Delis M, Hasan I, and Tsionas E (2014). The risk of financial intermediaries Journal of Banking and Finance, 44 (1), 1-12 . [More Information]

2013

Journal Article

Siregar D, Anandarajan A, and Hasan I (2013). Commercial banks and value relevance of derivative disclosures after SFAS 133: Evidence from the USA Review of Pacific Basin Financial Markets and Policies, 16 (1), 1-28 . [More Information]

Francis B, Hasan I, Song L, and Waisman M (2013). Corporate governance and investment-cash flow sensitivity: Evidence from emerging markets Emerging Markets Review, 15 57-71 . [More Information]

Gaganis C, Hasan I, and Pasiouras F (2013). Efficiency and stock returns: Evidence from the insurance industry Journal of productivity analysis, 40 (3), 429-442 . [More Information]

Hasan I, and Xie R (2013). Foreign bank entry and bank corporate governance in China Emerging Markets Finance and Trade, 49 (2), 4-18 . [More Information]

Yao Y, Yang R, Liu Z, and Hasan I (2013). Government intervention and institutional trading strategy: Evidence from a transition country Global Finance Journal, 24 (1), 44-68 . [More Information]

Hasan I, Jackowicz K, Kowalewski O, and Kozlowski L (2013). Market discipline during crisis: Evidence from bank depositors in transition countries Journal of Banking and Finance, 37 (12), 5436-5451 . [More Information]

Distinguin I, Hasan I, and Tarazi A (2013). Predicting rating changes for banks: How accurate are accounting and stock market indicators? Annals of Finance, 9 (3), 471-500 . [More Information]

Zhao Y, Allen A, and Hasan I (2013). State antitakeover laws and voluntary disclosure Journal of Financial and Quantitative Analysis, 48 (2), 637-668 . [More Information]

Francis B, Hasan I, and Wu Q (2013). The benefits of conservative accounting to shareholders: Evidence from the financial crisis Accounting Horizons, 27 (2), 319-346 . [More Information]

Leventis S, Hasan I, and Dedoulis E (2013). The cost of sin: The effect of social norms on audit pricing International Review of Financial Analysis, 29 152-165 . [More Information]

Francis B, Hasan I, and Zhou M (2013). The effects of stock splits on the bid-ask spread of syndicated loans International Journal of Banking, Accounting and Finance, 5 (42767), 159-187 . [More Information]

Francis B, Hasan I, and Wu Q (2013). The impact of CFO gender on bank loan contracting Journal of Accounting Auditing and Finance, 28 (1), 53-78 . [More Information]

2012

Journal Article

Francis B, Hasan I, and Song L (2012). Are firm- and country-specific governance substitutes? Evidence from financial contracts in emerging markets Journal of Financial Research, 35 (3), 343-374 . [More Information]

Shen C, Huang Y, and Hasan I (2012). Asymmetric benchmarking in bank credit rating Journal of International Financial Markets, Institutions and Money, 22 (1), 171-193 . [More Information]

Castelli A, Dwyer G, and Hasan I (2012). Bank relationships and firms' financial performance: The Italian experience European Financial Management, 18 (1), 28-67 . [More Information]

Francis B, Hasan I, Koetter M, and Wu Q (2012). Corporate boards and bank loan contracting Journal of Financial Research, 35 (4), 521-552 . [More Information]

Becchetti L, Ciciretti R, Hasan I, and Kobeissi N (2012). Corporate social responsibility and shareholder's value Journal of Business Research, 65 (11), 1628-1635 . [More Information]

Sugheir J, Phan P, and Hasan I (2012). Diversification and innovation revisited: An absorptive capacity view of technological knowledge creation IEEE Transactions on Engineering Management, 59 (4), 530-539 . [More Information]

Francis B, Hasan I, Huang Y, and Sharma Z (2012). Do Banks Value Innovation? Evidence from US Firms Financial Management, 41 (1), 159-185 . [More Information]

Francis B, Hasan I, and Wu Q (2012). Do corporate boards matter during the current financial crisis? Review of Financial Economics, 21 (2), 39-52 . [More Information]

Hasan I, Schmiedel H, and Song L (2012). Growth Strategies and Value Creation: What Works Best for Stock Exchanges? The Financial Review, 47 (3), 469-499 . [More Information]

Hasan I, and Kobeissi N (2012). Innovations, intellectual protection rights and information technology: An empirical investigation in the MENA region Electronic Commerce Research, 12 (4), 455-484 . [More Information]

Becchetti L, Carpentieri A, and Hasan I (2012). Option-Adjusted Delta Credit Spreads: A Cross-Country Analysis European Financial Management, 18 (2), 183-217 . [More Information]

Fang Y, Francis B, Hasan I, and Wang H (2012). Product market relationships and cost of bank loans: Evidence from strategic alliances Journal of Empirical Finance, 19 (5), 653-674 . [More Information]

Hasan I, Schmiedel H, and Song L (2012). Returns to Retail Banking and Payments Journal of Financial Services Research, 41 (3), 163-195 . [More Information]

Francis B, Hasan I, and Zhou M (2012). Strategic Conservative Earnings Management of Technology Firms: Evidence from the IPO Market Financial Markets, Institutions and Instruments, 21 (5), 261-293 . [More Information]

Hasan I, Park J, and Wu Q (2012). The Impact of Earnings Predictability on Bank Loan Contracting Journal of Business Finance and Accounting, 39 (7 & 8), 1068-1101 . [More Information]

2011

Journal Article

Fang Y, Hasan I, and Marton K (2011). Bank efficiency in South-Eastern Europe Economics of Transition, 19 (3), 495-520 . [More Information]

Choi S, and Hasan I (2011). Bank privatization and convergence of performance: International evidence Journal of Financial Research, 34 (2), 387-410 . [More Information]

Francis B, Hasan I, John K, and Song L (2011). Corporate Governance and Dividend Payout Policy: A Test Using Antitakeover Legislation Financial Management, 40 (1), 83-112 . [More Information]

Goel R, and Hasan I (2011). Economy-wide corruption and bad loans in banking: International evidence Applied Financial Economics, 21 (7), 455-461 . [More Information]

Hasan I, Kobeissi N, and Wang H (2011). Global equity offerings, corporate valuation, and subsequent international diversification Strategic Management Journal, 32 (7), 787-796 . [More Information]

Fang Y, Hasan I, and Marton K (2011). Institutional development and its impact on the performance effect of bank diversification: Evidence from transition economies Emerging Markets Finance and Trade, 47 (SUPPL. 4), 5-22 . [More Information]

Francis B, Hasan I, and Sharma Z (2011). Leverage and growth: Effect of stock options Journal of Economics and Business, 63 (6), 558-581 . [More Information]

Chen Y, and Hasan I (2011). Subordinated Debt, Market Discipline, and Bank Risk Journal of Money Credit and Banking, 43 (6), 1043-1072 . [More Information]

Ginsberg A, Hasan I, and Tucci C (2011). The influence of corporate venture capital investment on the likelihood of attracting a prestigious underwriter: An empirical investigation Advances in Financial Economics, 14 165-201 . [More Information]

Anandarajan A, Francis B, Hasan I, and John K (2011). Value relevance of banks: Global evidence Review of Quantitative Finance and Accounting, 36 (1), 33-55 . [More Information]

Selected grants