Dr Shumi Akhtar

• Finance

Shumi's research is in the areas of:

• Corporate finance
• Multinational corporations
• Market efficiency
• Risk management
• International finance

She is also keen to expand her research horizon towards derivatives, fixed income securities and funds management.  She regularly attends and presents in local and international conferences.  She has also been a regular participant in the Financial Integrity and Research Network (FIRN) organised seminars and conferences.

• Coordinator/Lecturer, FINM7008 Applied Investments (Sem 1)
• Lecturer, FINM7041 Applied Financial Instruments and Risk Management (Sem 2)

During her PhD, shumi was involved in teaching various finance and statistics courses both at undergraduate level and postgraduate level which are listed below:

• STAT 7055 - Financial Statistics (Postgraduate)
• STAT 8010 - Research Method and Data Analysis (Postgraduate)
• FINM 3002 - International Financial Management (Undergraduate)
• FINM 3001 - Investment (Undergraduate)
• FINM 2002 - Financial Instruments and Risk Management (Undergraduate)
• FINM 2001 - Corporate Finance (Undergraduate)
• FINM 1001 - Money Market and Finance (Undergraduate)
• STAT 1008 - Quantitative Research Methods (Undergraduate)
• STAT 1003 - Statistical Techniques (Undergraduate)

Shumi has been involved in supervising a number of honours and Masters students.  A sample of her Masters students appear below:

• Jiang Hong Li  – Value creation of dividend reinvestment plan – Australian Evidence’ (2008)
• Hong Fan  – ‘A response of Australian mining companies on equity returns to movements of Australian dollar’ (2008)
• Si Yu Chen  – ‘Corporate ownership structure and firm performance: Evidence from Australian Firms’ (2008)
• Denise Sitoe  – ‘Public to Private transactions in Australia (2008 )
• Xian Li  – ‘The relationship between share repurchases and dividends – Australian Evidence’ (2007)
• Hui Li  – ‘The relationship of firms' annual dividend, profits and share prices – Australian Evidence’ (2007)
• Jue Jiang  – ‘The relation between ownership structure and firm performance – evidence from Australian market’ (2007)
• Josephine Hwang  – ‘Assessing the pecking order theory of capital structure: evidence from Malaysia Firms 1999 – 2005’ (2007)
• Yifei Cao  – ‘Examine some factors of discounted and non-greenmail premium stock repurchases in Australia’ (2007).

• Consultancy work in both public sector (Australian Office of Management - Commonwealth Treasury) and private sector (Morgan Stanley and Burnett Institute). 
• Selection Panel of Australian Reporting Awards for Publicly Listed corporations.
• Member of CPA
• Member of Western Finance Association
• Member of Asian Finance Association and Financial Management Association
• Member of European Finance Association  
• Member of Accounting and Finance Association of Australia and New Zealand (AFAANZ).
• Text book Reviews:
  • Corporate Finance (for Pearson Prentice Hall and McGraw Hill)
  • Mind on Statistics (for Duxbury)

• A number of articles have been reviewed for Journal of Accounting and Finance.

• The dynamics and endogeneous behaviour of capital structure, dividend policy and investment decisions.
• The changing nature of dividend payouts.
• Transfer pricing of multinational corporations - Is there a story to tell?
• Ownership structure and dividend policy: evidence from domestic and multinational corporations.
• The roles and functions of the Australian Commonwealth Government Securities market: An international comparison with Prof. Smith, Prof. O’Neill, Prof Ng, Dr. Oliver, Dr. Roberts and Dr. Benson.
• The impact of government surplus budgets on the Treasury bond market with Prof. Tom Smith, Prof. Ross Maller, Dr. Barry Oliver and Dr. Steven Roberts.