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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, Multinationals, Tax, International Finance, Asset Pricing, Welfare/Retirement/Superannuation/Pension systems, Risk Management, Capital Markets, Market Efficiency, Liquidity, Behavioural Finance, Financial Systems, Inequality, Block chain, Big Data, Machine Learning, Digitalization, Globalization 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

  • Shumi Akhtar on Triple M and The Pulse 09 May 2018

    Triple M and The Pulse

    Associate Professor Shumi Akhtar was interviewed on Triple M and The Pulse about the tax concessions in the federal budget.

  • 5 things you need to know about the federal budget 04 May 2018

    MyScience

    My Science published an article on what to expect from the Federal Budget. Dr Shumi Akhtar was also quoted, saying “the federal government will be taking a careful look at corporate income tax and personal tax income structure”.

  • Warning as smart tech goes for kids 23 Apr 2018

    The Hobart Mercury

    Dr Shumi Akhtar as quoted in the Hobart Mercury on the potential security issues of Amazon’s Alexa.

  • Shumi Akhtar on 2CC Canberra and Curtin FM 20 Feb 2018

    2CC Canberra and Curtin FM

    2CC Canberra and Curtin FM interviewed Dr Shumi Akhtar on the debate over a corporate tax rate cut.

  • Should we pull the corporate tax rate down? 20 Feb 2018

    2GB Sydney and 4BC Brisbane

    Dr Shumi Akhtar was interviewed on 2GB Sydney and 4BC Brisbane on the debate over a corporate tax rate cut.

See all Newsroom items for Shumi Akhtar

2018

2
Book Section/s

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

Akhtar S 2018 'Dividend Payout Determinants for Australian Multinational and Domestic Corporations', Accounting and Finance, vol.58:1, pp. 11-55 [Link]

Akhtar S 2018 Forthcoming 'Dividend Policies across Multinational and Domestic Corporations – An international study', Accounting and 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]

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 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 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]

5
Conference Paper/s

Wu V, Westerholm J and Akhtar S 2017 'The dynamics of internationalization and impact of foreign institutional ownership on firm performance', 7th Auckland Finance Meeting, Queenstown, New Zealand, 20th December 2017

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

Wu V, Westerholm J and Akhtar S 2015 'Who Moves First? Price Discovery by Institutional and Retail Investors', 5th Auckland Finance Meeting, Auckland, New Zealand, 19th December 2015

Wu V, Westerholm J and Akhtar S 2015 'Who Moves First? Price Discovery by Institutional and Retail Investors', 28th Australasian Finance and Banking Conference, Sydney, Australia, 18th December 2015

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

2008

2
Book Section/s

Akhtar S 2008 'The Determinants of Capital Structure for Australian Multinational and Domestic Corporations' in Multinational Enterprise Theory, ed. Jeffrey A Krug & John D Daniels, SAGE Publications Ltd, London, United Kingdom [Link]

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,

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   Watch on YouTube


Visit The University of Sydney Business School YouTube Channel