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Shumi Akhtar

Shumi Akhtar


Associate Professor

Rm 423
H69 - Codrington Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 9036 9309
shumi.akhtar@sydney.edu.au
Web

Bio

Dr Akhtar's research interests are broad, and include Corporate Finance, Mutinationals, Tax, International Finance, Asset Pricing, Welfare/Retirement/Superannuation/Pension systems, Risk Management, Capital Markets, Market Efficiency, Liquidity, Behavioural Finance, Financial Systems and Higher Education. Her research interests also include Mergers and acquisitions, Corporate governance, Commodities, Real estate, High frequency trading, peer-to-peer lending, innovation and entrepreneurship, private equity and banking and finance. Her research publications have appeared in leading international and Australian peer-reviewed journals. Dr Akhtar has received a number of competitive external research grants, with total funding in excess of 1.7 million dollars. She was a recipient of an ARC DECRA Fellowship. She is an active researcher and presents her work regularly at international and Australian conferences including the American Finance Association Conference. A number of her research papers received local and international prestigious awards. She has engaged in invited research visits to several top US Universities, including Harvard, MIT and Stanford among others.

Dr Akhtar has a broad teaching portfolio encompassing both undergraduate and postgraduate courses. She also supervises Honours, Masters and PhD students. She has been awarded the Vice-Chancellor's Award for Teaching Excellence and also the "Top Supervisor" Award.

Newsroom articles

  • Amazon’s Australia rollout continues amid questions over tax haven 24 Nov 2017

    Daily Telegraph, Herald Sun and Courier Mail

    Dr Shumi Akhtar was quoted in the Daily Telegraph, Herald Sun and Courier Mail about Amazon’s launch in Australia and how multinationals use tax havens such as Luxembourg. The article was syndicated across News Corp mastheads.

  • Shumi Akhtar on ABC Radio Brisbane 10 Nov 2017

    ABC Radio Brisbane

    Dr Shumi Akhtar was interviewed on ABC Radio Brisbane about the release of the Paradise Papers, which revealed the inner workings of the tax haven industry around the world.

  • Shumi Akhtar on Radio Adelaide 08 Nov 2017

    Radio Adelaide

    Radio Adelaide interviewed Dr Shumi Akhtar from the Business School about the release of the Paradise Papers, which revealed the inner workings of the tax haven industry around the world.

  • Shumi Akhtar on ABC News TV 06 Nov 2017

    ABC News TV

    ABC News TV interviewed Dr Shumi Akhtar from the Business School about the release of the Paradise Papers, which revealed the inner workings of the tax haven industry around the world.

  • Aldi Australia to take a bite of homewares market 06 Sep 2017

    The New Daily

    Associate Professor Shumi Akhtar was quoted in The New Daily on what the introduction of Aldi’s homewares range will mean for Australian consumers.

See all Newsroom items for Shumi Akhtar

2018

4
Journal Article/s

Akhtar S, Akhtar F, John K and Wong S 2018 Forthcoming 'Multinationals' tax evasion: A financial and governance perspective', Journal of Corporate Finance [Link]

2017

2
Book Section/s

Akhtar S and Jahromi M 2017 'Quantitative studies of Islamic and conventional assets' in Handbook of Empirical Research on Islam and Economic Life, ed. M. Kabir Hassan, Edward Elgar Publishing Limited, Cheltenham, United Kingdom, pp. 559-78 [Link]

Akhtar S 2017 Forthcoming 'The Evolution of Islamic countries’ Financial and Economic system since 1980s' in Political Economy of Muslim Countries, ed. A Salih, Cambridge Scholars Publishing, Newcastle upon Tyne, United Kingdom

4
Journal Article/s

Akhtar S 2017 'Capital Structure of Multinational and Domestic Corporations – A Cross Country comparison', Accounting and Finance, vol.57:2, pp. 319-49 [Link]

Akhtar S 2017 Forthcoming 'Dividend Payout Determinants for Australian Multinational and Domestic Corporations', Accounting and Finance [Link]

Akhtar S and Jahromi M 2017 'Risk, return and mean-variance efficiency of Islamic and non-Islamic stocks: Evidence from a unique Malaysian data set', Accounting and Finance, vol.57:1, pp. 3-46 [Link]

Akhtar S 2017 Forthcoming 'Dividend Policies across Multinational and Domestic Corporations – An international study', Accounting and Finance [Link]

Akhtar S and Jahromi M 2017 'The Impact of the Global Financial Crisis on Islamic and Conventional Stocks and Bonds', Accounting and Finance, vol.57:3, pp. 623-55 [Link]

Akhtar S, Akhtar F, Jahromi M and John K 2017 'Impact of interest rate surprises on Islamic and conventional stocks and bonds', Journal of International Money and Finance, vol.79, pp. 218-31 [Link]

2016

4
Journal Article/s

Akhtar S 2016 'Privatization decisions of Australian firms: An empirical investigation', Pacific-Basin Finance Journal, vol.39, pp. 243-55 [Link]

10
Report/s

Zhang B, Deer L, Wardrop R, Grant A, Garvey K, Thorp S, Ziegler T, Ying K, Xinwei Z, Huang E, Burton J, Chen H, Lui A, Gray Y, Akhtar S and Anthonisz S 2016 'Harnessing Potential: The Asia-Pacific Alternative Finance Benchmarking Report (March 2016)', KPMG [Link]

2015

5
Conference Paper/s

Akhtar S and Jahromi M 2015 'Risk, Return, and Mean-Variance-Efficiency of Islamic and non-Islamic Stocks', 22nd Annual Conference of the Multinational Finance Society, Halkidiki, Greece, 1st July 2015

2014

5
Conference Paper/s

Akhtar S, Jahromi M, John K and Moise C 2014 'Intensity of volatility linkages in Islamic and Conventional Markets', Cambridge Business & Economics Conference CBEC 2014, Cambridge, United Kingdom, 2nd July 2014

Akhtar S 2014 'Dividend Payout Determinants for Australian Multinational and Domestic Corporations', 21st Annual Conference of the Multinational Finance Society, Prague, Czech Republic, 2nd July 2014

2012

4
Journal Article/s

Akhtar S, Faff R, Oliver B and Subrahmanyam A 2012 'Stock salience and the asymmetric market effect of consumer sentiment news', Journal of Banking and Finance, vol.36:12, pp. 3289-301

2011

4
Journal Article/s

Akhtar S 2011 'Capital structure and business cycles', Accounting and Finance, vol.51:s1, pp. 25-48

Akhtar S, Faff R and Oliver B 2011 'The asymmetric impact of consumer sentiment announcements on Australian foreign exchange rates', Australian Journal of Management, vol.36:3, pp. 387-403

Akhtar S, Faff R, Oliver B and Subrahmanyam A 2011 'The Power of Bad: The Negativity Bias in Australian Consumer Sentiment Announcements on Stock Returns', Journal of Banking and Finance, vol.35:5, pp. 1239-49

2009

4
Journal Article/s

Akhtar S and Oliver B 2009 'Determinants of Capital Structure for Japanese Multinational and Domestic Corporations', International Review of Finance, vol.9:1-2, pp. 1-26

2005

4
Journal Article/s

Akhtar S 2005 'The Comparison of Capital Structure Determinants of Multinational and Domestic Corporations in Australia', Australian Journal of Management, vol.30:2, pp. 321-41

Recent Units Taught

  • FINC5001 Capital Markets and Corporate Finance

    2016: S1, S2,

  • FINC6021 Corporate Valuation

    2016: S1, S2,
    2015: S1,

Videos

Dr Shumi Akhtar examines implications of the Panama Papers – a set of 11.5 million documents providing information on tax havens used by high profile individuals and businesses.

2:57 mins Play video Download video (YouTube - Mb) Watch on YouTube


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