Professor Iftekhar Hasan, Ph.D.

Professor Iftekhar Hasan, Ph.D.
Aktuelle Position

seit 12/16

Research Fellow der Abteilung Finanzmärkte

Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

 

E. Gerald Corrigan Chair in Finance und Academic Director PhD Programme

Gabelli School of Business, Fordham University

 

Scientific Advisor

Bank of Finland

Forschungsschwerpunkte

  • Unternehmensfinanzierung
  • Banken
  • Finanzbuchhaltung

Iftekhar Hasan ist seit Dezember 2016 Research Fellow am IWH. Seine Forschungsinteressen umfassen Kapitalmärkte, angewandte Unternehmensfinanzierung, Risikokapital, Schwellenmärkte, internationales Bankwesen und Finanzbuchhaltung.

Iftekhar Hasan unterrichtet an der Fordham University und leitet dort das Doktorandenprogramm. Darüber hinaus fungiert er als wissenschaftlicher Berater für die finnische Zentralbank und als Chefredakteur des Journal of Financial Stability.

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Professor Iftekhar Hasan, Ph.D.
Professor Iftekhar Hasan, Ph.D.
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Publikationen

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The Effect of Board Directors from Countries with Different Genetic Diversity Levels on Corporate Performance

Manthos D. Delis Chrysovalantis Gaganis Iftekhar Hasan Fotios Pasiouras

in: Management Science , Nr. 1, 2016

Abstract

We link genetic diversity in the country of origin of the firms’ board members with corporate performance via board members’ nationality. We hypothesize that our approach captures deep-rooted differences in cultural, institutional, social, psychological, physiological, and other traits that cannot be captured by other recently measured indices of diversity. Using a panel of firms listed in the North American and UK stock markets, we find that adding board directors from countries with different levels of genetic diversity (either higher or lower) increases firm performance. This effect prevails when we control for a number of cultural, institutional, firm-level, and board member characteristics, as well as for the nationality of the board of directors. To identify the relationship, we use—as instrumental variables for our diversity indices—the migratory distance from East Africa and the level of ultraviolet exposure in the directors’ country of nationality.

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Relative Peer Quality and Firm Performance

Bill Francis Iftekhar Hasan Sureshbabu Mani Pengfei Ye

in: Journal of Financial Economics , Nr. 1, 2016

Abstract

We examine the performance impact of the relative quality of a Chief Executive Officer (CEO)’s compensation peers (peers to determine a CEO's overall compensation) and bonus peers (peers to determine a CEO's relative-performance-based bonus). We use the fraction of peers with greater managerial ability scores (Demerjian, Lev, and McVay, 2012) than the reporting firm to measure this CEO's relative peer quality (RPQ). We find that firms with higher RPQ earn higher stock returns and experience higher profitability growth than firms with lower RPQ. Learning among peers and the increased incentive to work harder induced by the peer-based tournament contribute to RPQ's performance effect.

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