University of Nottingham Malaysia
Faculty of Arts and Social Sciences
     
  
 

Image of Syed Aun Raza Rizvi

Syed Aun Raza Rizvi

Associate Professor of Finance & Director of Research - NUBS, Faculty of Social Sciences

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Biography

Syed Aun R. Rizvi is currently serving as Director of Research at Nottingham University Business School, University of Nottingham Malaysia. He has been at Lahore University of Management Sciences (LUMS) and is also an Associate Member at Centre for Financial Econometrics @ Deakin University (Australia) in addition to being an executive board member of Asia-Pacific Applied Economics Association (APAEA). In his academic career, Aun has been engaged with University of Nottingham Malaysia, Universitat Jaume I (Spain), Universitas Airlangga (Indonesia), Fiji National University (Fiji) and University Kuala Lumpur (Malaysia).

He served at Suleman Dawood School of Business at Lahore University of Management Sciences (LUMS) as the Associate Dean (Academics) from August 2019 till January 2023, and as Director Undergraduate Programs from March 2017 till July 2019. Previously he had served University of Nottingham as an Assistant Professor for two years contributing towards establishing the Centre for Islamic Business and Finance Research (CIBFR) at University of Nottingham Malaysia Campus. Aun holds a Ph.D. in Islamic Finance from INCEIF (Malaysia).

Aun started his professional career as a Research Analyst with HBL Asset Management Ltd. in 2007, where he was involved in startup of the HBL Asset Management's mutual funds. Later he moved to the trading desk, and served as Trader Equity for two years before moving to academia. Aun's engagement with industry is an ongoing process, and currently he is actively engaged in supporting Fintech startups in Pakistan. He is serving as an Advisor to Muavin, a digital micro-lending platform serving the financial inclusion and empowerment of the unbanked in Pakistan. He is also an advisor for Kalpay, a Shariah aligned Buy Now Pay Later platform.

His research interest focuses on financial markets, Islamic finance, and Econophysics. His research particularly focuses on equity markets in emerging and Islamic countries. He has published in leading mainstream journals in the area of finance and economics like, Pacific-Basin Finance Journal, Emerging Markets Review, Economic Modelling, World Economy and Physica A amongst others. His research is widely cited with citations metrics in excess of three thousand. Aun is also a Subject Editor for Emerging Markets Finance and Trade, Editorial Board member of MethodsX, Journal of Islamic Monetary Economics and Finance, Journal of Islamic Economics and Business Studies and Jurnal Ekonomi dan Bisnis Airlangga. He is also currently serving as the series editor of CIBFR Palgrave Studies in Islamic Finance. He has been active in capacity building of academics and regularly conducts research capacity building workshops for multiple universities across Asia and Europe.

Research Summary

His research areas are spread over both Economics and finance with core focus on following issues:

  • Economic Policy Interventions and Capital Markets
  • Developmental and Efficiency studies in Capital Markets
  • Econophysics

Selected Publications

Future Research

Currently working on multi faceted research project. A few of them are listed below.

  • CSR activities of banking sector and its impact on Risk taking behavior.
  • Evolution of efficiency and volatility in East Asia through crisis periods.
  • RIZVI, SYED AUN R and PATHIRAGE, KASUN, 2023. COVID-19 policy actions and inflation targeting in South Asia Journal of Asian Economics. 84, 101576
  • KHATTAK, MUDEER AHMED, ALI, MOHSIN, AZMI, WAJAHAT and RIZVI, SYED AUN R, 2023. Digital transformation, diversification and stability: What do we know about banks? Economic Analysis and Policy. 78, 122-132
  • SHAHID, MUHAMMAD NAEEM, AZMI, WAJAHAT, ALI, MOHSIN, ISLAM, MUHAMMAD UMAR and RIZVI, SYED AUN R, 2023. Uncovering risk transmission between socially responsible investments, alternative energy investments and the implied volatility of major commodities Energy Economics. 120, 106634
  • ALI, MOHSIN, AZMI, WAJAHAT, KOWSALYA, V and RIZVI, SYED AUN R, 2023. Interlinkages between stability, carbon emissions and the ESG disclosures: Global evidence from banking industry Pacific-Basin Finance Journal. 102154
  • KHATTAK, MUDEER A, KHAN, NOUREEN, ALI, MOHSIN and RIZVI, SYED AUN R, 2022. Market concentration, bank’s pricing power, and deposit rates: Evidence from dual banking system Emerging Markets Finance and Trade. 58(11), 3103-3118
  • NARAYAN, PARESH KUMAR, RIZVI, SYED AUN R and SAKTI, ALI, 2022. Did green debt instruments aid diversification during the COVID-19 pandemic? Financial Innovation. 8(1), 1-15
  • RIZVI, SYED AUN R and ALI, MOHSIN, 2022. Do Islamic Cryptocurrencies Provide Diversification Opportunities To Indonesian Islamic Investors? Journal of Islamic Monetary Economics and Finance. 8(3), 441-454
  • ARSHAD, SHAISTA, RIZVI, SYED AUN R, HAROON, OMAIR, MEHMOOD, FAHAD and GONG, QIANG, 2021. Are oil prices efficient? Economic Modelling. 96, 362-370
  • BAIG, AHMED, BUTT, HASSAN A, HAROON, OMAIR and RIZVI, SYED AUN R, 2021. Deaths, Panic, Lockdowns and US Equity Markets: The Case of COVID-19 Pandemic Finance Research Letters.
  • KHAN, ABDULLAH, RIZVI, SYED AUN R, ALI, MOHSIN and HAROON, OMAIR, 2021. A survey of Islamic finance research-Influences and influencers Pacific-Basin Finance Journal. 69, 101437
  • ALI, MOHSIN, HAROON, OMAIR, RIZVI, SYED AUN R and AZMI, WAJAHAT, 2021. Stability versus fragility: new evidence from 84 banks Studies in Economics and Finance. 38(2), 441-453
  • KHATTAK, MUDEER AHMED, ALI, MOHSIN and RIZVI, SYED AUN R, 2021. Predicting the European stock market during COVID-19: A machine learning approach MethodsX. 8, 101198
  • HAROON, OMAIR, ALI, MOHSIN, KHAN, ABDULLAH, KHATTAK, MUDEER A and RIZVI, SYED AUN R, 2021. Financial market risks during the COVID-19 pandemic Emerging Markets Finance and Trade. 57(8), 2407-2414
  • RIZVI, SYED AUN R, JUHRO, SOLIKIN M and NARAYAN, PARESH K, 2021. Understanding market reaction to COVID-19 monetary and fiscal stimulus in major ASEAN countries Buletin Ekonomi Moneter Dan Perbankan. 24(3), 313-334
  • RIZVI, SYED AUN R, NARAYAN, PARESH KUMAR, SAKTI, ALI and SYARIFUDDIN, FERRY, 2020. Role of Islamic banks in Indonesian banking industry: an empirical exploration Pacific-Basin Finance Journal. 62, 101117
  • ARSHAD, SHAISTA, RIZVI, SYED AUN R and HAROON, OMAIR, 2020. Impact of Brexit vote on the London stock exchange: A sectorial analysis of its volatility and efficiency Finance Research Letters. 34, 101240
  • HAROON, OMAIR and RIZVI, SYED AUN R, 2020. COVID-19: Media coverage and financial markets behavior—A sectoral inquiry Journal of behavioral and experimental finance. 27, 100343
  • ALI, MOHSIN, ALAM, NAFIS and RIZVI, SYED AUN R, 2020. Coronavirus (COVID-19)—An epidemic or pandemic for financial markets Journal of Behavioral and Experimental Finance. 27, 100341
  • HAROON, OMAIR and RIZVI, SYED AUN R, 2020. Flatten the curve and stock market liquidity-an inquiry into emerging economies Emerging Markets Finance and Trade. 56(10), 2151-2161
  • HAROON, OMAIR, MEENAI, SAMEEN FATIMA and RIZVI, SYED AUN R, 2020. Dana Gas: The Sukuk Dispute Asian Journal of Management Cases. 17(1_suppl), S42-S54
  • RIZVI, SYED AUN R and SAHMINAN, SAHMINAN, 2020. Commodity Price and Inflation Dynamics: Evidence from Briics Buletin Ekonomi Moneter dan Perbankan. 23(4), 485-500
  • WAJAHAT AZMI, MOHSIN ALI, ARSHAD, S. and SYED AUN R. RIZVI, 2019. Intricacies of competition, stability, and diversification: Evidence from dual banking economies Economic Modelling. (In Press.)
  • ARSHAD, S., SYED AUN R. RIZVI and HAROON, O., 2019. Impact Of Brexit Vote On The London Stock Exchange: A Sectorial Analysis Of Its Volatility And Efficiency Finance Research Letters. (In Press.)
  • ALAM, NAFIS, ZAINUDDIN, SARA SOPHIA BINTI and RIZVI, SYED AUN R, 2019. Ramifications of varying banking regulations on performance of Islamic Banks Borsa Istanbul Review. 19(1), 49-64
  • AZMI, WAJAHAT, ALI, MOHSIN, ARSHAD, SHAISTA and RIZVI, SYED AUN R, 2019. Intricacies of competition, stability, and diversification: Evidence from dual banking economies Economic Modelling. 83, 111-126
  • ARSHAD, SHAISTA, RIZVI, SYED AUN RAZA and HAROON, OMAIR, 2019. Understanding Asian emerging stock markets Buletin Ekonomi Moneter dan Perbankan. 21, 495-510
  • SYED AUN R. RIZVI and ARSHAD, S., 2018. Stabilising economic growth through risk sharing macro instruments The World Economy. 41(3), 781-800
  • RIZVI, SYED AUN R., ARSHAD, SHAISTA and ALAM, NAFIS, 2018. A tripartite inquiry into volatility-efficiency-integration nexus - case of emerging markets EMERGING MARKETS REVIEW. 34, 143-161
  • RIZVI, SYED AUN R and ARSHAD, SHAISTA, 2018. Stabilising economic growth through risk sharing macro instruments The World Economy. 41(3), 781-800
  • RIZVI, SYED AUN R and ARSHAD, SHAISTA, 2018. Understanding time-varying systematic risks in Islamic and conventional sectoral indices Economic Modelling. 70, 561-570
  • RIZVI, SYED AUN R, ARSHAD, SHAISTA and ALAM, NAFIS, 2018. A tripartite inquiry into volatility-efficiency-integration nexus-case of emerging markets Emerging Markets Review. 34, 143-161
  • IBRAHIM, MANSOR H and RIZVI, SYED AUN R, 2018. Bank lending, deposits and risk-taking in times of crisis: A panel analysis of Islamic and conventional banks Emerging Markets Review. 35, 31-47
  • SHAISTA ARSHAD, SYED AUN R. RIZVI, GARIUZAZMI MAT GHANI and JARITA DUASA, 2016. Investigating Stock Market Efficiency: a look at OIC Member Countries Research in International Business and Finance. 36(1), 402-413
  • SYED AUN R. RIZVI and SHAISTA ARSHAD, 2016. How Does Crisis Affect Efficiency? An Empirical Study of East Asian Markets Borsa Istanbul Review. 16(1), 1-8
  • SHAISTA ARSHAD and SYED AUN R. RIZVI, 2015. The Troika of Business Cycle, Efficiency and Volatility. An East Asian Perspective Physica A: Statistical Mechanics and its Applications. 419(A), 158–170
  • SYED AUN R. RIZVI, SHAISTA ARSHAD and NAFIS ALAM, 2015. Crises and Contagion in Asia Pacific - Islamic v/s Conventional Markets Pacific-Basin Finance Journal. 34(1), 315 – 326
  • MANSOR H. IBRAHIM and SYED AUN R. RIZVI, 2015. Emissions and Trade in Southeast and East Asian Countries: A Panel Cointegration Analysis International Journal of Climate Change Strategies and Management. 7(4), 460 - 475
  • SHAISTA ARSHAD, SYED AUN R. RIZVI and NURHASTUTY WARDHANY, 2015. Outsourcing The Islamic Way: A Look Into The Challenges Faced By Financial Institutions Journal of Islamic Economics, Banking and Finance. 11(1), 193- 205
  • SYED AUN R. RIZVI and SHAISTA ARSHAD, 2015. Indexing government debt to GDP: A risk sharing mechanism for government financing in Muslim countries. In: HATEM A. EL-KARANSHAWY, ed., Islamic banking and finance – Essays on corporate finance, efficiency and product development. 1. Bloomsbury Qatar Foundation. 171-182
  • SYED AUN R. RIZVI and SHAISTA ARSHAD, 2015. Are Islamic Equity Indices A Safer Haven in Times of Crisis?. In: SALMAN SYED ALI, ed., Islamic Capital Markets: Competitiveness And Resilience 1. Islamic Development Bank. 65-84
  • SYED AUN R. RIZVI and SHAISTA ARSHAD, 2014. An Empirical Study of Islamic Equity as a Better Alternative During Crisis Using Multivariate GARCH Islamic Economic Studies. 22(1), 159-184
  • GINANJAR DEWANDARU, SYED AUN R. RIZVI, OBIYATHULLA I. BACHA and MANSUR MASIH, 2014. What factors explain stock market retardation in Islamic Countries Emerging Markets Review. 10, 106-127
  • SYED AUN R. RIZVI, GINANJAR DEWANDARU, OBIYATHULLA I. BACHA and MANSUR MASIH, 2014. An analysis of stock market efficiency: Developed vs Islamic stock markets using MF-DFA Physica A: Statistical Mechanics and its Applications. 407, 86-99
  • GINANJAR DEWANDARU, SYED AUN R. RIZVI, RUMI MASIH, MANSUR MASIH and OTHMAN ALHABSHI, 2014. the stock market co-movement: Islamic versus conventional equity indices with multi-timescales analysis. Economic Systems. 38(4), 553–571
  • SYED AUN R. RIZVI, SHAISTA ARSHAD and AHCENA LAHSASNA, 2014. Derivatives in Islamic Finance: The Need and Mechanisms Available International Journal of Financial Services Management. 7(3/4), 177 - 195
  • SHAISTA ARSHAD, SYED AUN R. RIZVI and MANSOR H. IBRAHIM, 2014. Tripartite Analysis across Business Cycles in Turkey: A Multi-timescale Inquiry of Efficiency, Volatility and Integration Borsa Istanbul Review. 14(4), 224–235
  • SYED AUN R. RIZVI and SHAISTA ARSHAD, 2014. Investigating Efficiency of East Asian Stock Markets through Booms and Busts Pacific Science Review. 16(4), 275-279
  • SHAISTA ARSHAD and SYED AUN R. RIZVI, 2013. The Impact of Global Financial Shocks to Islamic Indices: Speculative Influence or Fundamental Changes? Journal of Islamic Finance. 2(1), 001-011
  • SHAISTA ARSHAD and SYED AUN R. RIZVI, 2013. Impact of Corruption on Bank Profitability: An Analysis of Islamic Banks International Journal of Business Governance and Ethics. 8(3), 195-209
  • SYED AUN R. RIZVI and SHAISTA ARSHAD, 2013. Sanctuary in the Midst of Crisis? A Look into Shariah Indices using Multivariate GARCH DCC Global Review of Islamic Economics and Business. 1(2), 150-163

Faculty of Arts and Social Sciences

University of Nottingham Malaysia
Jalan Broga, 43500 Semenyih
Selangor Darul Ehsan
Malaysia

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