Professor Iftekhar Hasan
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Professor Iftekhar Hasan

Fractional Professor
Professor Iftekhar Hasan

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.

Selected publications

Publications

Edited Books

  • Siddique, A., Hasan, I., Lynch, D. (2019). Stress Testing (2nd Edition). London, United Kingdom: Risk Books. [More Information]

Book Chapters

  • Hasan, I., Kim, S., Wu, E. (2018). The Effects of Ratings-Contingent Regulation on International Bank Lending Behavior: Evidence from the Basel 2 Accord. In Not known (Eds.), Information Spillovers And Market Integration In International Finance: Empirical Analyses, (pp. 547-603). TBC. [More Information]

Journals

  • Hasan, I., Karavitis, P., Kazakis, P., Leung, W. (2025). Corporate Social Responsibility and Profit Shifting. European Accounting Review, 34(1), 1-29. [More Information]
  • Hasan, I., Marra, M., Wu, E., Zhang, G. (2025). Creditor-Control Rights and the Nonsynchronicity of Global CDS Markets. Review of Corporate Finance Studies, 14(1), 204-260. [More Information]
  • Flamini, A., Hasan, I. (2024). Aggregate Dynamics with Sectoral Price Stickiness Heterogeneity and Aggregate Real Shocks. Journal of Money, Credit and Banking, Published online: 1 April 2024. [More Information]

Conferences

  • Gao, M., Hasan, I., Qiu, B., Wu, E. (2023). Lone (Loan) Wolf Pack Risk. Western Finance Association Annual Meeting 2023, United States: Western Finance Association. [More Information]
  • Hasan, I., Navone, M., To, Y., Wu, E. (2018). Shareholder litigation rights and acquisition decisions: Evidence from a natural experiment. 2018 Financial Management Association FMA Annual Meeting, San Diego, United States: Financial Management Association (FMA).
  • Hasan, I., Navone, M., To, Y., Wu, E. (2018). Shareholder litigation rights and acquisition decisions: Evidence from a natural experiment. Financial Management Association European Conference FMA 2018, Kristiansand, Norway: Financial Management Association (FMA).

2025

  • Hasan, I., Karavitis, P., Kazakis, P., Leung, W. (2025). Corporate Social Responsibility and Profit Shifting. European Accounting Review, 34(1), 1-29. [More Information]
  • Hasan, I., Marra, M., Wu, E., Zhang, G. (2025). Creditor-Control Rights and the Nonsynchronicity of Global CDS Markets. Review of Corporate Finance Studies, 14(1), 204-260. [More Information]

2024

  • Flamini, A., Hasan, I. (2024). Aggregate Dynamics with Sectoral Price Stickiness Heterogeneity and Aggregate Real Shocks. Journal of Money, Credit and Banking, Published online: 1 April 2024. [More Information]
  • Cao, J., Ee, M., Hasan, I., Huang, H. (2024). Asymmetric Reactions of Abnormal Audit Fees Jump to Credit Rating Changes. The British Accounting Review, 56(2), 101205. [More Information]
  • Song, Q., Ding, W., Hasan, I., Wang, Q. (2024). Banker directors on board and corporate tax avoidance. Journal of Empirical Finance, 79, 101551. [More Information]

2023

  • Fang, Y., Fiordelisi, F., Hasan, I., Leung, W., Wong, G. (2023). Corporate culture and firm value: Evidence from crisis. Journal of Banking & Finance, 146. [More Information]
  • Hasan, I., Marra, M., To, Y., Wu, E., Zhang, G. (2023). COVID-19 Pandemic and Global Corporate CDS Spreads. Journal of Banking & Finance, 147, 106618. [More Information]
  • Hasan, I., Noth, F., Tonzer, L. (2023). Cultural norms and corporate fraud: Evidence from the Volkswagen scandal. Journal of Corporate Finance, 82. [More Information]

2022

  • Contreras, S., Delis, M., Ghosh, A., Hasan, I. (2022). Bank failures, local business dynamics, and government policy. Small Business Economics, 58(4), 1823-1851. [More Information]
  • Fang, Y., Dbouk, W., Hasan, I., Li, L. (2022). Banking Reform, Risk-Taking, and Accounting Quality: Evidence from Post-Soviet Transition States. Journal of International Accounting Research, 21(1), 23-47. [More Information]
  • Ambrocio, G., Colak, G., Hasan, I. (2022). Commitment or constraint? The effect of loan covenants on merger and acquisition activity. Finance Research Letters, 47. [More Information]

2021

  • Chan, C., Hasan, I., Lin, C. (2021). Agency cost of CEO perquisites in bank loan contracts. Review of Quantitative Finance and Accounting, 56(4), 1221-1258. [More Information]
  • Hasan, I., Huang, H., To, Y. (2021). Are credit rating disagreements priced in the M&A market? Journal of International Financial Markets, Institutions and Money, 72, 101335. [More Information]
  • Chahine, S., Mazboudi, M., Fang, Y., Hasan, I. (2021). CEO Network Centrality and the Likelihood of Financial Reporting Fraud. Abacus, 57(4), 654-678. [More Information]

2020

  • Ambrocio, G., Hasan, I., Jokivuolle, E., Ristolainen, K. (2020). Are bank capital requirements optimally set? Evidence from researchers’ views. Journal of Financial Stability, 50. [More Information]
  • Duru, A., Hasan, I., Song, L., Zhao, Y. (2020). Bank accounting regulations, enforcement mechanisms, and financial statement informativeness: cross-country evidence. Accounting and Business Research, 50(3), 269-304. [More Information]
  • Elyasiani, E., Hasan, I., Kalotychou, E., Pouliasis, P., Staikouras, S. (2020). Banks' Equity Performance and the Term Structure of Interest Rates. Financial Markets, Institutions and Instruments, 29(2), 43-64. [More Information]

2019

  • Francis, B., Hasan, I., Zhu, Y. (2019). Benchmark on themselves: CEO-directors' influence on the CEO compensation. Managerial Finance, 45(7), 810-826. [More Information]
  • Gu, X., Hasan, I., Lu, H. (2019). Corporate Misconduct and the Cost of Private Debt: Evidence from China. Comparative Economic Studies, 61(3), 443-463. [More Information]
  • Francis, B., Hasan, I., Liu, L., Wang, H. (2019). Employee Treatment and Contracting with Bank Lenders: An Instrumental Approach for Stakeholder Management. Journal of Business Ethics, 158(4), 1029-1046. [More Information]

2018

  • Delis, M., Hasan, I., Iosifidi, M., Li, L. (2018). Accounting quality in banking: The role of regulatory interventions. Journal of Banking & Finance, 97, 297-317. [More Information]
  • Bui, D., Chen, Y., Hasan, I., Lin, C. (2018). Can lenders discern managerial ability from luck? Evidence from bank loan contracts. Journal of Banking & Finance, 87, 187-201. [More Information]
  • Hasan, I., Kobeissi, N., Liu, L., Wang, H. (2018). Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity. Journal of Business Ethics, 149(3), 671-688. [More Information]

2017

  • Hasan, I., Kobeissi, N., Wang, H., Zhou, M. (2017). Bank financing, institutions and regional entrepreneurial activities: Evidence from China. International Review of Economics and Finance, 52, 257-267. [More Information]
  • Hasan, I., Liu, L., Wang, H., Zhen, X. (2017). Bank Market Power and Loan Contracts: Empirical Evidence. Economic Notes, 46(3), 649-675. [More Information]
  • Doumpos, M., Hasan, I., Pasiouras, F. (2017). Bank overall financial strength: Islamic versus conventional banks. Economic Modelling, 64, 513-523. [More Information]

2016

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

2015

  • Hasan, I., Kobeissi, N., Wang, H., 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., 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., 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]

2014

  • Francis, B., Hasan, I., Wu, Q., 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., 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., Waisman, M. (2014). Bank valuation in new EU member countries. Economic Systems, 38(1), 55-72. [More Information]

2013

  • Bill, F., Hasan, I., Kose, J., Zenu, S. (2013). Asymmetric benchmarking of pay in firms. Journal of Corporate Finance, 23, 39-53. [More Information]
  • Siregar, D., Anandarajan, A., 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), 1350004-1-1350004-28. [More Information]
  • Francis, B., Hasan, I., Song, L., Waisman, M. (2013). Corporate governance and investment-cash flow sensitivity: Evidence from emerging markets. Emerging Markets Review, 15, 57-71. [More Information]

2012

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

2011

  • Fang, Y., Hasan, I., Marton, K. (2011). Bank efficiency in South-Eastern Europe. Economics of Transition, 19(3), 495-520. [More Information]
  • Choi, S., 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., Song, L. (2011). Corporate Governance and Dividend Payout Policy: A Test Using Antitakeover Legislation. Financial Management, 40(1), 83-112. [More Information]