People_
Associate Professor Shumi Akhtar
Associate Professor
Phone
+61 2 9036 9309
Details
Member of Sydney Southeast Asia Centre
Member of The Net Zero Institute
Member of The University of Sydney Nano Institute
Associate Professor Dr Akhtar's research interests are broad, and include: Governance, ESG, AI/ML, Financial and Cyber-crime, Corporate Finance (Share market and Bond market), Multinationals, Tax, M&A, International Finance, Innovation, Superannuation/Pension systems, Banking, Risk Management, Behavioural Finance, Cross-Cultural & Indigenous Studies, Islamic Finance and Higher Education. Her research publications have appeared in leading international and local 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. Her research has been acknowledged by the Australian-US Fulbright and Oxford Fellowship. Her research has been instrumental in policy and regulatory space especially in Bond, Tax and international trade. She has been invited several times by the Australian Federal Parliament to serve as Expert Witness on critical local and international policy matters. 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.
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Governance
Financial and Cyber crime
Multinationals
ESG
Tax
Islamic Finance
Artificial Intelligence and Machine Learning
Realestate
Cutural and Indigenous Studies
Superannuation
Corporate and Government Bond
Stock Market
Behavioural Finance
Innovation and Technology
Banking
M&A
| Project title | Research student |
|---|---|
| Influence of multinationality on single stock option market | Siyang WU |
Publications
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Book Chapters
- Akhtar, S. (2018). The Evolution of Islamic countries' Financial and Economic system since 1990s. In Ozgur Unal Eris, Ahmet Salih Ikiz (Eds.), Political Economy of Muslim Countries, (pp. 35-63). Newcastle upon Tyne: Cambridge Scholars Publishing.
- Akhtar, S., Jahromi, M. (2017). Quantitative studies of Islamic and conventional assets. In M. Kabir Hassan (Eds.), Handbook of Empirical Research on Islam and Economic Life, (pp. 559-578). Cheltenham: Edward Elgar Publishing. [More Information]
- Akhtar, S. (2008). The Determinants of Capital Structure for Australian Multinational and Domestic Corporation. In J.A. Krug and J.D. Daniels (Eds.), Multinational Enterprise Theory. United Kingdom: Sage Publications Ltd. [More Information]
Journals
- Akhtar, S., Akhtar, F., Jahromi, M., John, K. (2023). Volatility linkages and value gains from diversifying with Islamic assets. Journal of International Business Studies, 54, 1495-1528. [More Information]
- Ainsworth, A., Akhtar, S., Corbett, A., Lee, A., Walter, T. (2022). Superannuation fees, asset allocation and fund performance. Australian Journal of Management, Published online: 23 November 2022. [More Information]
- Akhtar, S., Akhtar, F., John, K., Wong, S. (2019). Multinationals' tax evasion: A financial and governance perspective. Journal of Corporate Finance, 57, 35-62. [More Information]
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Conferences
- Wu, V., Westerholm, P., Akhtar, S. (2018). Who Moves First? Price Discovery by Institutional and Retail Investors. 22nd European Financial Management Association FMA Conference, Kristiansand, Norway, 13-15 June 2018: European Financial Management Association.
- Westerholm, P., Akhtar, S. (2015). Who Moves First? Price Discovery by Institutional and Retail Investors. 5th Auckland Finance Meeting, Auckland, New Zealand: Auckland University of Technology.
- Akhtar, S., Jahromi, M., John, K., Moise, C. (2012). Intensity of Volatility Linkages in Islamic and Conventional Markets. American Finance Association 2012 Annual Meeting, Chicago: Social Science Research Network.
Research Reports
- Zhang, B., Deer, L., Wardrop, R., Grant, A., Garvey, K., Thorp, S., Ziegler, T., Ying, K., Xinwei, Z., Huang, E., Gray, Y., Akhtar, S., Anthonisz, S., et al (2016). Harnessing Potential: The Asia-Pacific Alternative Finance Benchmarking Report, March 2016, (pp. 18 - 93). Sydney, Australia: KPMG.
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2023
- Akhtar, S., Akhtar, F., Jahromi, M., John, K. (2023). Volatility linkages and value gains from diversifying with Islamic assets. Journal of International Business Studies, 54, 1495-1528. [More Information]
2022
- Ainsworth, A., Akhtar, S., Corbett, A., Lee, A., Walter, T. (2022). Superannuation fees, asset allocation and fund performance. Australian Journal of Management, Published online: 23 November 2022. [More Information]
2019
- Akhtar, S., Akhtar, F., John, K., Wong, S. (2019). Multinationals' tax evasion: A financial and governance perspective. Journal of Corporate Finance, 57, 35-62. [More Information]
2018
- Akhtar, S. (2018). Dividend payout determinants for Australian Multinational and Domestic Corporations. Accounting and Finance, 58(1), 11-55. [More Information]
- Akhtar, S. (2018). Dividend Policies across Multinational and Domestic Corporations - An international study. Accounting and Finance, 58(3), 669-695. [More Information]
- Akhtar, S. (2018). The Evolution of Islamic countries' Financial and Economic system since 1990s. In Ozgur Unal Eris, Ahmet Salih Ikiz (Eds.), Political Economy of Muslim Countries, (pp. 35-63). Newcastle upon Tyne: Cambridge Scholars Publishing.
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2017
- Akhtar, S. (2017). Capital Structure of Multinational and Domestic corporations – A Cross Country comparison. Accounting and Finance, 57(2), 319-349. [More Information]
- Akhtar, S., Akhtar, F., Jahromi, M., John, K. (2017). Impact of interest rate surprises on Islamic and conventional stocks and bonds. Journal of International Money and Finance, 79, 218-231. [More Information]
- Akhtar, S., Jahromi, M. (2017). Impact of the Global Financial Crisis on Islamic and Conventional Stocks and Bonds. Accounting and Finance, 57(3), 623-655. [More Information]
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2016
- Zhang, B., Deer, L., Wardrop, R., Grant, A., Garvey, K., Thorp, S., Ziegler, T., Ying, K., Xinwei, Z., Huang, E., Gray, Y., Akhtar, S., Anthonisz, S., et al (2016). Harnessing Potential: The Asia-Pacific Alternative Finance Benchmarking Report, March 2016, (pp. 18 - 93). Sydney, Australia: KPMG.
- Akhtar, S. (2016). Privatization decisions of Australian firms: An empirical investigation. Pacific-Basin Finance Journal, 39, 243-255. [More Information]
2015
- Westerholm, P., Akhtar, S. (2015). Who Moves First? Price Discovery by Institutional and Retail Investors. 5th Auckland Finance Meeting, Auckland, New Zealand: Auckland University of Technology.
2013
- Akhtar, S., Faff, R., Oliver, B., Subrahmanyam, A. (2013). Reprint of: Stock salience and the asymmetric market effect of consumer sentiment news. Journal of Banking & Finance, 37(11), 4488-4500. [More Information]
2012
- Akhtar, S. (2012). Capital structure and business cycles. Accounting and Finance, 52(Suppl 1), 25-48. [More Information]
- Akhtar, S., Jahromi, M., John, K., Moise, C. (2012). Intensity of Volatility Linkages in Islamic and Conventional Markets. American Finance Association 2012 Annual Meeting, Chicago: Social Science Research Network.
- Akhtar, S., Faff, R., Oliver, B., Subrahmanyam, A. (2012). Stock salience and the asymmetric market effect of consumer sentiment news. Journal of Banking & Finance, 36(12), 3289-3301. [More Information]
2011
- Akhtar, S., Faff, R., Oliver, B. (2011). The asymmetric impact of consumer sentiment announcements on Australian foreign exchange rates. Australian Journal of Management, 36(3), 387-403. [More Information]
- Akhtar, S., Faff, R., Oliver, B., Subrahmanyam, A. (2011). The power of bad: The negativity bias in Australian consumer sentiment announcements on stock returns. Journal of Banking & Finance, 35(5), 1239-1249. [More Information]
2009
- Akhtar, S., Oliver, B. (2009). Determinants of Capital Structure for Japanese Multinational and Domestic Corporations. International Review of Finance, 9(1-2), 1-26. [More Information]
2008
- Akhtar, S. (2008). The Determinants of Capital Structure for Australian Multinational and Domestic Corporation. In J.A. Krug and J.D. Daniels (Eds.), Multinational Enterprise Theory. United Kingdom: Sage Publications Ltd. [More Information]
2005
- Akhtar, S. (2005). The Determinants of Capital Structure for Australian Multinational and Domestic Corporations. Australian Journal of Management, 30(2), 321-341. [More Information]
Selected Grants
2020
- Innovative approach to a fair tax system for Multinationals and Governments, Akhtar S, Akhtar F, John K, Semenov A, Australian Research Council (ARC)/Discovery Projects (DP)
2018
- Indo-Australia Collaboration in Securities Markets: Strengthening the Indian markets through depth and liquidity of equity markets; enhance penetration of Indian Mutual Fund industry and improve investor protection-imparting global context and learnings, Akhtar S, Thenmozhi M, Pearson G, Office of Global Engagement/India Development Fund
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