Center of Excellence in Higher Education
The First Private University in Bangladesh

Dr. Arifur Rahman

Full Time Faculty
Associate Professor

PhD in Finance, University of Western Sydney, Australia
MBS in Finance and Banking, University of Rajshahi, Bangladesh

Phone: +880-2-55668200 Ext: xxxx
Email: mdarifur.rahman@northsouth.edu
Office: NAC 738

 
 Curriculum Vitae  

 

Arif obtained his PhD degree in Finance from the University of Western Sydney, Australia. His doctoral research work explored the information content of idiosyncratic volatility of asset returns. He joined the School of Business and Economics (SBE) at North South University (NSU) in August 2015 as an Associate Professor of Finance. Prior to joining NSU, he has served fulltime faculty positions at the Universiti Brunei Darussalam and University of Rajshahi. During his doctoral study, he has also served as an adjunct faculty member at the University of Western Sydney in Australia. Over the years, he has taught a number of graduate and post-graduate level courses in the areas of finance and accounting. His research interests include asset pricing anomalies, investor and analyst behavior, empirical corporate finance, accounting information and asset prices and implication of corporate ESG issues. He has published in refereed international journals including the Review of Quantitative Finance and Accounting, Quarterly Review of Economics and Finance, North American Journal of Economics and Finance, Singapore Economic Review, Applied Financial Economics, Review of Accounting and Finance and Physica A: Statistical Mechanics and its Applications. He has also been an ad-hoc reviewer for peer reviewed journals such as the Quarterly Review of Economics and Finance, Economic Modeling, Studies in Economics and Finance, Journal of Behavioral and Experimental Finance, Singapore Economic Review   and Journal of Asia Business Studies.

 

  • Ali, S.R.M., Rahman, M.A., Hasan, M.N., Ralf, Ö. (2020) IVOL and MAX anomaly: A study on the Singapore Stock Market. Forthcoming in the North American Journal of Economics and Finance https://doi.org/10.1016/j.najef.2020.101245
  • Chowdhury, R., Rahman, M.A., Rahman, M.S., Mahdy, M.R.C. (2020) An approach to predict and forecast the price of constituents and index of cryptocurrency using machine learning. Forthcoming in Physica A: Statistical Mechanics and its Applications https://doi.org/10.1016/j.physa.2020.124569
  • Chowdhury, R., Mahdy, M.R.C., Alam, T.N., Al Quaderi, G.D., Rahman, M.A. (2020) Predicting the stock price of frontier markets using machine learning and modified Black–Scholes option pricing model. Forthcoming in Physica A: Statistical Mechanics and its Applications https://doi.org/10.1016/j.physa.2020.124444
  • Chowdhury, S.S.H., Sharmin, R., Rahman, M.A. (2019) On the impact of sentiment on stock returns: the case of Dhaka Stock Exchange. Forthcoming in the Afro-Asian J. of Finance and Accounting.
  • Salifu, A.T., Tofik-Abu, Z., Rahman, M.A., Sualihu, M.A. (2018) Determinants of loan repayment performance of Small and Medium Enterprises (SMEs) in Ghana: The case of Asante Akyem Rural Bank. Journal of African Business 19(2), 279-296.
  • Chowdhury, S.S.H., Rahman, M.A., Sadique, M.S. (2017) Stock return autocorrelation, day-of-the-week and volatility: An empirical investigation on Saudi Arabian stock market. Review of Accounting and Finance 16(2), 218-238.
  • Chowdhury, S.S.H., Sharmin, R., Rahman, M.A. (2018) Presence and sources of contrarian and momentum profits in Bangladesh stock market. Global Business Review https://doi.org/10.1177/0972150918803992
  • Sualihu, M.A, Rahman, M.A., Tofik-Abu, Z. (2017) The Payment Behaviour of Water Utility Customers in the Greater Accra Region of Ghana: An Empirical Analysis. SageOpen 7(3), 1-12.
  • Rahman, M.A., Chowdhury, S.S.H., Sadique, M.S. (2015) Herding where retail individuals dominate trading: The case of Saudi Arabia. Quarterly Review of Economics and Finance, 57, 46-60.
  • Lee, D., Hassan, M.K., Rahman, M.A. (2015) Firm specific variation in returns and fundamentals in Korea stock market. Singapore Economic Review, 60(4), 1-22.
  • Chowdhury, S.S.H., Rahman, M.A., Sadique, M.S. (2015) Behavior of stock return autocorrelation in the GCC stock markets. Global Business Review 16(5): 737-746.
  • Sadique, M.S., Rahman, M.A. (2014) Analyst forecast optimism and market reaction: Australian Evidence. Journal of the Australian Society of Security Analysts (JASSA) 3: 19-26.
  • Sualihu, M.A., Rahman, M.A. (2014) Defaulting on water utility bills: Evidence from the greater Accra region of Ghana. Indian Journal of Finance 8(3): 22-34.
  • Sualihu, M.A., Rahman, M.A. (2014) Payment behavior of electricity consumers: Evidence from the greater Accra region of Ghana. Global Business Review 15(3): 477-492.
  • Sadique, M.S., Rahman, M.A. (2013) Investor reaction to strategic emphasis on earnings numbers: An empirical study. Contemporary Economics 7(3): 51-64.
  • Rahman, M.A., Hassan, M.K. (2013) Firm fundamentals and stock prices in emerging Asian stock markets: Some panel data evidence. Review of Quantitative Finance and Accounting 41(3): 463-487.
  • Rahman, M.A., Shien, L.K., Sadique, M.S. (2013) Swings in sentiment and stock returns: Evidence from a frontier market. International Journal of Trade, Economics and Finance 4(6): 347-352.
  • Rahman, M.A., Sadique, M.S., Chowdhury, S.S.H. (2012) Do stock prices in Turkey reflect fundamental information: A firm-level analysis. International Journal of Economics and Finance  4(12): 137-149.
  • Rahman, M.A. (2009) Industry-level stock returns volatility and aggregate economic activity. Applied Financial Economics 19: 509-525. 
  • Rahman, M.A. (2007) The information content of cross-sectional volatility for future market volatility: Evidence from Australian equity returns. Frontiers in Finance & Economics 4(1): 91-124.
  • Chowdhury, S.S.H., Rahman, M.A. (2004) On the empirical relationship between macroeconomic volatility and stock return volatility of Bangladesh. Global Journal of Finance and Economics 1(2): 209-225.
  • Chowdhury, S.S.H., Akhter, M.S., Rahman, M.A. (2003) The cross-section of expected returns: The case of Dhaka Stock Exchange (DSE), South Asian Journal of Management, 10(2): 7-12.
  • Chowdhury, S.S.H., Rahman, M.A., Sadique, M.S. (2001) Capital market seasonality: The case of Dhaka Stock Exchange (DSE) returns. South Asian Journal of Management 8(3&4): 1-7.
  • Akhter, M.S., Rahman, M.A. (1999) Price-Earnings ratio as an investment criterion in the Dhaka Stock Exchange. Rajshahi University Studies, Part-C, 7: 70-90.
  • International Postgraduate Research Scholarship, Department of Education and Training, the Government of the Commonwealth of Australia.
  • University Grants Commission (Bangladesh) Merit Awards at the Bachelors and Masters levels.
  • University of Rajshahi Merit Awards at the Bachelors and Masters levels.
  • Rajshahi Krishi Unnayan Bank (Bangladesh) Merit Award at the Masters level.
  • Agrani Bank (Bangladesh) Merit Award at the Bachelors level.
  • Board of Intermediate and Secondary Education (Bangladesh) Junior Scholarship.

School of Economics and Finance, University of Western Sydney, Sydney, Australia
Doctor of Philosophy (Finance)
Dissertation Title: On the Information Content of Idiosyncratic Equity Return Variation

Department of Finance and Banking, University of Rajshahi, Rajshahi, Bangladesh
Master of Business Studies (Finance and Banking)

Department of Finance and Banking, University of Rajshahi, Rajshahi, Bangladesh
Bachelor of Commerce (Finance and Banking)

School of Business and Economics, North South University, Bangladesh
Associate Professor of Finance, August 2015 – Present

School of Business and Economics, Universiti Brunei Darussalam, Brunei Darussalam
Senior Lecturer, July 2010 – July 2015

Department of Finance and Banking, University of Rajshahi, Bangladesh
Associate Professor, May 2009 – July 2010
Assistant Professor, December 2000 – May 2009
Lecturer, December 1997 – December 2000

School of Economics and Finance, University of Western Sydney, Australia
Sessional Lecturer/Tutor, Spring 2005 – Spring 2007
Graduate Research Assistant, June 2004 – December 2007

 

Ad-hoc Reviewer Services:

  • Quarterly Review of Economics and Finance [Elsevier]
  • Economic Modeling [Elsevier]
  • Journal of Behavioral and Experimental Finance [Elsevier]
  • Singapore Economic Review [Worldscientific]
  • Studies in Economics and Finance [Emerald]
  • Journal of Asia Business Studies [Emerald]

• Asset pricing anomalies
• Investor and analyst behavior 
• Empirical corporate finance
• Accounting information and value
• Implications of corporate ESG issues