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HomeAcademic staffDr Badar Ashraf
Dr Badar Ashraf

Dr Badar Ashraf

ashrafb4@lsbu.ac.uk

Finance, Economics, Accounting and Analytics

https://orcid.org/0000-0001-5750-6414

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I am a Senior Financial Reporting and Audit Lecturer at LSBU Business School. I joined LSBU this year, 2022, having more than 10 years of international working experience in higher education and industry. I originally studied accounting, completing my Chartered Management Accountant certification, followed by MA in Economics from the University of the Punjab, and PhD in Finance from the Huazhong University of Science and Technology, China.

I have focused on how country-level formal and informal institutions affect firm-level practices, having found that national-level culture/political structure/financial openness have strong causal relationships with firm dividend pay-out policies/risk-taking behaviour.

My recent research projects are the economic and financial effects of COVID-19 pandemic and climate change. The success of my research so far is evidenced by more than 40 published research papers and 3570 citations on Google Scholar. Besides winning several government research grants, I have spoken at various international conferences. Moreover, I led the accounting and finance special interest group as director at the SZABIST. I have also performed duties as external examiner and grant applications reviewer. I have chaired/participated as a member in hiring committees, curriculum review committees, assessment committees, and research seminars and committees among others.

Courses taught

International Accounting and Finance - MSc

PhD

Huazhong University of Science and Technology, China

2012
2015
MA in Economics

University of the Punjab, Pakistan

2010
2012
Chartered Management Accountant

Institute of Cost and Management Accountants of Pakistan

2007
2010
Associate Professor
Shaheed Zulfikar Ali Bhutto Institute of Science and Technology, Pakistan

Teaching, research, administrative

2021
2022
Education
ICMAP
2012
China Finance Review International

Associate editor
2018
Journal of Risk and Financial Management

Guest editor
2022
Journal of Corporate Finance
Pacific Basin Finance Journal
Research in International Business and Finance
American University of Sharjah
2017

Filter publications

Is Economic Uncertainty a Risk Factor in Bank Loan Pricing Decisions? International Evidence
Ashraf, B. (2021). Is Economic Uncertainty a Risk Factor in Bank Loan Pricing Decisions? International Evidence. Risks. 9 (5), p. 81. https://doi.org/10.3390/risks9050081

Economic impact of government interventions during the COVID-19 pandemic: International evidence from financial markets
Ashraf, B. (2020). Economic impact of government interventions during the COVID-19 pandemic: International evidence from financial markets. Journal of Behavioral and Experimental Finance. 27, p. 100371. https://doi.org/10.1016/j.jbef.2020.100371

Trade Openness and Bank Risk-Taking Behavior: Evidence from Emerging Economies
Ashraf, B., Arshad, S. and Yan, L. (2017). Trade Openness and Bank Risk-Taking Behavior: Evidence from Emerging Economies. Journal of Risk and Financial Management. 10 (3), p. 15. https://doi.org/10.3390/jrfm10030015

Regulatory hypothesis and bank dividend payouts: Empirical evidence from Italian banking sector
Ashraf, B., Arshad, S., Rahman, M.M., Kamal, M.A. and Khan, K. (2015). Regulatory hypothesis and bank dividend payouts: Empirical evidence from Italian banking sector. Journal of Financial Engineering. 2 (1). https://doi.org/10.1142/S2345768615500099

Foreign bank subsidiaries’ risk-taking behavior: Impact of home and host country national culture
Ashraf, B. and Arshad, S. (2017). Foreign bank subsidiaries’ risk-taking behavior: Impact of home and host country national culture. Research in International Business and Finance. 41, pp. 318-355. https://doi.org/10.1016/j.ribaf.2017.04.039

Impact of Cost Efficiency on Bank Capital and the Cost of Financial Intermediation: Evidence from BRICS Countries
Rahman, M.M., Ashraf, B., Zheng, C. and Begum, M. (2017). Impact of Cost Efficiency on Bank Capital and the Cost of Financial Intermediation: Evidence from BRICS Countries. International Journal of Financial Studies. 5 (4), p. 32. https://doi.org/10.3390/ijfs5040032

Do Better Political Institutions Help in Reducing Political Pressure on State-Owned Banks? Evidence from Developing Countries
Ashraf, B., Arshad, S. and Yan, L. (2018). Do Better Political Institutions Help in Reducing Political Pressure on State-Owned Banks? Evidence from Developing Countries. Journal of Risk and Financial Management. 11 (3), p. 43. https://doi.org/10.3390/jrfm11030043

The Impact of Revenue Diversification on Bank Profitability and Stability: Empirical Evidence from South Asian Countries
Nisar, S., Peng, K., Wang, S. and Ashraf, B. (2018). The Impact of Revenue Diversification on Bank Profitability and Stability: Empirical Evidence from South Asian Countries. International Journal of Financial Studies. 6 (2), p. 40. https://doi.org/10.3390/ijfs6020040

National culture and dividend policy: International evidence from banking
Zheng, C. and Ashraf, B.N. (2014). National culture and dividend policy: International evidence from banking. Journal of Behavioral and Experimental Finance. 3, pp. 22-40. https://doi.org/10.1016/j.jbef.2014.07.002

Does Trade Openness Affect Bank Risk-Taking Behavior? Evidence from BRICS Countries
Rahman, M.M., Begum, M., Ashraf, B. and Masud, M.A.K. (2020). Does Trade Openness Affect Bank Risk-Taking Behavior? Evidence from BRICS Countries. Economies. 8 (3), p. 75. https://doi.org/10.3390/economies8030075

How to regulate bank dividends? Is capital regulation an answer?
Ashraf, B., Bibi, B. and Zheng, C. (2016). How to regulate bank dividends? Is capital regulation an answer? Economic Modelling. 57, pp. 281-293. https://doi.org/10.1016/j.econmod.2016.05.005

Political institutions and bank risk-taking behavior
Ashraf, B. (2017). Political institutions and bank risk-taking behavior. Journal of Financial Stability. 29, pp. 13-35. https://doi.org/10.1016/j.jfs.2017.01.004

Capital Regulation, the Cost of Financial Intermediation and Bank Profitability: Evidence from Bangladesh
Zheng, C., Rahman, M., Begum, M. and Ashraf, B. (2016). Capital Regulation, the Cost of Financial Intermediation and Bank Profitability: Evidence from Bangladesh. Journal of Risk and Financial Management. 10 (2), p. 9. https://doi.org/10.3390/jrfm10020009

Do trade and financial openness matter for financial development? Bank-level evidence from emerging market economies
Ashraf, B. (2017). Do trade and financial openness matter for financial development? Bank-level evidence from emerging market economies. Research in International Business and Finance. 44, pp. 434-458. https://doi.org/10.1016/j.ribaf.2017.07.115

Zipf's law and city size distribution: A survey of the literature and future research agenda
Arshad, S., Hu, S. and Ashraf, B.N. (2017). Zipf's law and city size distribution: A survey of the literature and future research agenda. Physica A: Statistical Mechanics and its Applications. 492 (75-92). https://doi.org/10.1016/j.physa.2017.10.005

Corporate Dividend Policies during the COVID-19 Pandemic
Ali, N., Rehman, M.Z.U., Ashraf, B. and Shear, F. (2022). Corporate Dividend Policies during the COVID-19 Pandemic. Economies. 10 (11), p. 263. https://doi.org/10.3390/economies10110263

The Impact of Board Internationalization on Real Earnings Management: Evidence From China
Ashraf, B. and Qian, N. (2021). The Impact of Board Internationalization on Real Earnings Management: Evidence From China. SAGE Open. https://doi.org/10.1177/21582440211032640

Are Investors’ Attention and Uncertainty Aversion the Risk Factors for Stock Markets? International Evidence from the COVID-19 Crisis
Shear, F., Ashraf, B. and Sadaqat, M. (2020). Are Investors’ Attention and Uncertainty Aversion the Risk Factors for Stock Markets? International Evidence from the COVID-19 Crisis. Risks. 9 (1), p. 2. https://doi.org/10.3390/risks9010002

Teachers’ Conflict-Inducing Attitudes and Their Repercussions on Students’ Psychological Health and Learning Outcomes
Ali, M.A., Ashraf, B. and Shuai, C. (2019). Teachers’ Conflict-Inducing Attitudes and Their Repercussions on Students’ Psychological Health and Learning Outcomes. International Journal of Environmental Research and Public Health. 16 (14), p. 2534. https://doi.org/10.3390/ijerph16142534

The Defining Role of Environmental Self-Identity among Consumption Values and Behavioral Intention to Consume Organic Food
Qasim, H., Yan, L., Guo, R., Saeed, A. and Ashraf, B. (2019). The Defining Role of Environmental Self-Identity among Consumption Values and Behavioral Intention to Consume Organic Food. International Journal of Environmental Research and Public Health. 16 (7), p. 1106. https://doi.org/10.3390/ijerph16071106

Zipf's law, the coherence of the urban system and city size distribution: Evidence from Pakistan
Arshad, S., Hu, S. and Ashraf, B. (2018). Zipf's law, the coherence of the urban system and city size distribution: Evidence from Pakistan. Physica A: Statistical Mechanics and its Applications. 513, pp. 87-103. https://doi.org/10.1016/j.physa.2018.08.065

Capital Regulation and Bank Risk-Taking Behavior: Evidence from Pakistan
Ashraf, B., Arshad, S. and Hu, Y. (2016). Capital Regulation and Bank Risk-Taking Behavior: Evidence from Pakistan. International Journal of Financial Studies. 4 (3), p. 16. https://doi.org/10.3390/ijfs4030016

Effects of national culture on bank risk-taking behavior
Ashraf, B., Zheng, C. and Arshad, S. (2016). Effects of national culture on bank risk-taking behavior. Research in International Business and Finance. 37, pp. 309-326. https://doi.org/10.1016/j.ribaf.2016.01.015

Bank Size, Risk-taking and Capital Regulation in Bangladesh
Rahman, M.M., Zheng, C. and Ashraf, B. (2015). Bank Size, Risk-taking and Capital Regulation in Bangladesh. Eurasian Journal of Business and Economics. 8 (15), pp. 95-114. https://doi.org/10.17015/ejbe.2015.015.05

Shareholder protection, creditor rights and bank dividend policies
Ashraf, B.N. and Zheng, C. (2015). Shareholder protection, creditor rights and bank dividend policies. China Finance Review International. 5 (2).