H69 - Codrington Building
The University of Sydney
NSW 2006 Australia
Dr M. Shumi Akhtar is Senior Lecturer in Finance at the University of Sydney. She holds Bachelor of Commerce, Master of Philosophy, Master of Higher Education and PhD degrees from the Australian National University.
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 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 currently holds 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.
Dr Akhtar maintains a repository of multinational research data.
The Guardian published an opinion by Dr Shumi Akhtar about what the outcome of the election will mean for retirees.
Shumi Akhtar on ABC News 24 15 Jun 2016
ABC News 24
Dr Shumi Akhtar was interviewed on ABC News 24 about reform of Australia’s tax system in relation to ABC Vote Compass results on company tax rates for multinationals and small businesses.
Regulator 'softness' queried 21 Apr 2016
Sydney Morning Herald, Age
The Sydney Morning Herald and Age reported on the Senate inquiry into corporate tax avoidance, during which Dr Shumi Akhtar will address the public hearing.
Shumi Akhtar on 720 ABC Perth and Radio Adelaide 04 Apr 2016
720 ABC Perth and Radio Adelaide
Dr Shumi Akhtar was interviewed on 720 ABC Perth and Radio Adelaide about an investigation into the Panama Papers, a set of 11.5 million documents created by Panamanian corporate service provider Mossack Fonseca that provide information on tax havens used by high profile individuals and businesses.
The Panama Papers - Secrets of the Super Rich 04 Apr 2016
Dr Shumi Akhtar was interviewed on a Four Corners investigation into the Panama Papers, a set of 11.5 million documents created by Panamanian corporate service provider Mossack Fonseca that provide information on tax havens used by high profile individuals and businesses.
Akhtar S and Jahromi M 2016 Forthcoming 'An overview of Islamic Financial assets and Conventional assets' in Handbook of Empirical Research on Islam and Economic Life, ed. M. Kabir Hassan, Edward Elgar Publishing Limited, Cheltenham, United Kingdom
Akhtar S 2016 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
Akhtar S 2016 Forthcoming 'Privatization decisions of Australian firms: An empirical investigation', Pacific-Basin Finance Journal
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
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
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
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
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
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
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