Research and publications
Research projects
The Cognitive Dissonance Impact of GST Implementation Using Triangulation Method
by Dr Jayalakshmy Ramachandran, Dr Ramaiyer Subramaniam, Dr Samuel Benjamin and Dr Lim Khwee Pheng (Multimedia University)
This two-year project has attracted RM90,000 through Fundamental Research Grant Scheme (FRGS). It will contribute towards achieving new knowledge in tax and psychology theories and will result in enhanced interaction between consumers and government for a better Malaysia as well as improved political standing. It will also provide new openings for future researchers.
Other Events
Dr Avvari Mohan, Associate Professor of Strategic Management and Deputy Dean (Business Engagement and External Relations) was appointed Associate Editor for the Journal of Open Innovation: Technology, Market, and Complexity (Springer).
Achievements
NUBS Malaysia academic receives Outstanding Reviewer Award from International Journal of Islamic and Middle Eastern Finance and Management
In September 2014, Dr Mamunur Rashid, Assistant Professor of Finance and Deputy Director of UNMC’s Centre of Islamic Business Finance and Research, received the 2014 Outstanding Reviewer Award from the International Journal of Islamic and Middle Eastern Finance and Management. The journal, published by Emerald Group Publishing, provides in-depth analysis that gives an interdisciplinary and holistic view on Islamic finance and business management practices in order to inform these inter-related communities of practitioners and academicians. Dr Rashid’s research interests include psychology in finance, Islamic wealth management, corporate social responsibility and research on small industries.
Nottingham MBA rises up The Economist top 100 ranking
For the second year running, Nottingham University Business School has improved its position in the latest international league table of full-time Master of Business Administration programmes. Read the full article on our website.
University of Nottingham in Malaysia banking on multi-millionaire Islamic finance industry
Islamic finance expert at The University of Nottingham Malaysia Campus (UNMC), Dr Nafis Alam said that the market for Islamic finance has shown greater importance in 2014 with more inclusion in the conventional financial landscape. Read the full article on our website.
Journal articles
Stock market co-movements: Islamic versus conventional equity indices with multi-timescales analysis
By Syed Aun R. Rizvi
This study examines market co-movements in Islamic and mainstream equity markets across different regions. It aims to discover contagion during nine major crises and to measure integration between markets. Using wavelet decomposition to unveil the multi-horizon nature of co-movement, it found that the shocks were transmitted via excessive linkages, while the recent subprime crisis revealed fundamentals-based contagion. While Islamic markets show traces of reduced exposure to the recent crisis owing to low leverage effect, their less diversified portfolio nature increases vulnerability to other crises. The study generally found incomplete market integration, with relatively higher fundamental integration for Islamic markets which may be attributable to their real sector allocation nature. From Economic Systems, 38, 553–571 (2014).
Tripartite analysis across business cycles in Turkey: A multi-timescale inquiry of efficiency, volatility and integration
By Syed Aun R. Rizvi
In the current era of globalisation, deregulation and liberalisation of markets have led to financial integration amongst developing and developed countries. The sudden massive inflow of capital into developing country's stock markets begs the question of whether or not the markets are sufficient enough to handle the increasing integration of markets effectively. Furthermore, the relationship between the integration and efficiency of stock markets tends to be of greater importance during economic downturns. Taking Turkey as a case study owing to its economic growth and importance in two successful blocs, ie the EU and the OIC, the study attempts to analyse the linkages between stock market efficiency and integration during the different phases of the economy. The findings provide an interesting insight into the relative improvement in volatility, efficiency and integration across business cycles in a multi time scale analysis. From Borsa Istanbul Review, 14(4), 224-235 (2014).