2024
Journal - Research Article
Abbas, F., Ali, S., & Suleman, M. T. (2024). Economic freedom and banks' risk-taking in Japan: A tale of two sides. Journal of Risk Finance, 25(3), 537-554. doi: 10.1108/JRF-03-2023-0061
Perera, K., Kuruppuarachchi, D., Kumarasinghe, S., & Suleman, M. T. (2024). Climate risk and the idiosyncratic volatility puzzle. Applied Economics, 2337816. Advance online publication. doi: 10.1080/00036846.2024.2337816
Suleman, M. T., Kapar, B., & Rana, F. (2024). Infectious disease and asymmetric industrial volatility. Applied Finance Letters, 13, 77-97. doi: 10.24135/afl.v13i.694
Niu, Z., Demirer, R., Suleman, M. T., Zhang, H., & Zhu, X. (2024). Do industries predict stock market volatility? Evidence from machine learning models. Journal of International Financial Markets, Institutions & Money, 90, 101903. doi: 10.1016/j.intfin.2023.101903
Raza, S. A., Shah, N., & Suleman, M. T. (2024). A multifractal detrended fluctuation analysis of Islamic and conventional financial markets efficiency during the COVID-19 pandemic. International Economics, 177, 100463. doi: 10.1016/j.inteco.2023.100463
Suleman, M. T., Tabash, M. I., & Sheikh, U. A. (2024). Do stock market fluctuations lead to currency deflation in the South Asian region? Evidence beyond symmetry. International Journal of Finance & Economics, 29, 1432-1450. doi: 10.1002/ijfe.2746
2023
Journal - Research Article
Perera, K., Kuruppuarachchi, D., Kumarasinghe, S., & Suleman, M. T. (2023). The impact of carbon disclosure and carbon emissions intensity on firms' idiosyncratic volatility. Energy Economics, 107053. Advance online publication. doi: 10.1016/j.eneco.2023.107053
Akram, K., Al Mamun, M., Raza, S. A., & Suleman, M. T. (2023). Global geopolitical crisis and tourism development in the USA. Current Issues in Tourism, 2262709. Advance online publication. doi: 10.1080/13683500.2023.2262709
Suleman, M. T., Sheikh, U. A., Galariotis, E. C., & Roubaud, D. (2023). The impact of bitcoin fear and greed on good and bad network connectedness: The case of the US sectoral high frequency returns. Annals of Operations Research. Advance online publication. doi: 10.1007/s10479-023-05455-7
Suleman, M. T., Rehman, M. U., Sheikh, U. A., & Kang, S. H. (2023). Dynamic time-frequency connectedness between European emissions trading system and sustainability markets. Energy Economics, 123, 106726. doi: 10.1016/j.eneco.2023.106726
Al Mamun, M., Boubaker, S., Ghafoor, A., & Suleman, M. T. (2023). Is marriage a turning point? Evidence from cash holdings behaviour. British Journal of Management, 12732. Advance online publication. doi: 10.1111/1467-8551.12732
Raza, M. W., Suleman, M. T., & Zaremba, A. (2023). Political risk and portfolio performance: implications for Shariah-compliant investors. International Journal of Islamic & Middle Eastern Finance & Management. Advance online publication. doi: 10.1108/IMEFM-08-2022-0317
Niu, Z., Demirer, R., Suleman, M. T., & Zhang, H. (2023). Cross-sectional return dispersion and stock market volatility: Evidence from high-frequency data. Journal of Forecasting, 42, 1309-1328. doi: 10.1002/for.2959
Khan, M. A., Khan, F., Sharif, A., & Suleman, M. T. (2023). Dynamic linkages between Islamic equity indices, oil prices, gold prices, and news-based uncertainty: New insights from partial and multiple wavelet coherence. Resources Policy, 80, 103213. doi: 10.1016/j.resourpol.2022.103213
Huang, J., Li, Y., Suleman, M. T., & Zhang, H. (2023). Effects of geopolitical risks on gold market return dynamics: Evidence from a nonparametric causality-in-quantiles approach. Defence & Peace Economics, 34(3), 308-322. doi: 10.1080/10242694.2021.2007333
Tiwari, A. K., Suleman, M. T., Ullah, S., & Shahbaz, M. (2023). Analyzing the connectedness between crude oil and petroleum products: Evidence from USA. International Journal of Finance & Economics, 28, 2278-2347. doi: 10.1002/ijfe.2536
Conference Contribution - Published proceedings: Full paper
Gehricke, S. A., Aschakulporn, P., Suleman, T., & Wilkinson, B. (2023). The effect of divestment from ESG exchange traded funds. Proceedings of the 12th Annual New Zealand Finance Meeting (NZFM). Auckland, New Zealand: Auckland Centre for Financial Research. Retrieved from https://acfr.aut.ac.nz
Gehricke, S. A., Aschakulporn, P., Suleman, T., & Wilkinson, B. (2023). The effect of divestment from ESG Exchange Traded Funds. Proceedings of the 6th Annual Global Research Alliance for Sustainable Finance and Investment (GRASFI) Conference. Retrieved from https://sustainablefinancealliance.org/
Conference Contribution - Verbal presentation and other Conference outputs
Gehricke, S., Aschakulporn, P., Suleman, T., & Wilkinson, B. (2023, November-December). The effect of divestment from ESG exchange traded funds. Verbal presentation at the 4th Climate and Energy Finance Group (CEFGroup) Sustainable Finance and Accounting Symposium, Dunedin, New Zealand.
2022
Journal - Research Article
Ilyas, M., Mian, R. U., & Suleman, M. T. (2022). Economic policy uncertainty and firm propensity to invest in corporate social responsibility. Management Decision, 60(12), 3232-3254. doi: 10.1108/MD-06-2021-0746
Gull, A. A., Saeed, A., Suleman, M. T., & Mushtaq, R. (2022). Revisiting the association between environmental performance and financial performance: Does the level of environmental orientation matter? Corporate Social Responsibility & Environmental Management, 29, 1647-1662. doi: 10.1002/csr.2310
Niu, Z., Demirer, R., Suleman, M. T., & Zhang, H. (2022). Speculation, cross-market sentiment and the predictability of gold market volatility. Journal of Behavioral Finance. Advance online publication. doi: 10.1080/15427560.2022.2109639
Cui, T., Suleman, M. T., & Zhang, H. (2022). Do the green bonds overreact to the COVID-19 pandemic? Finance Research Letters, 49, 103095. doi: 10.1016/j.frl.2022.103095
Butt, H. A., Demirer, R., Sadaqat, M., & Suleman, T. (2022). Do emerging stock markets offer an illiquidity premium for local or global investors? Quarterly Review of Economics & Finance, 86, 502-515. doi: 10.1016/j.qref.2022.05.002
Suleman, M. T., & Yaghoubi, M. (2022). Infectious disease and corporate activities. Economics Letters, 212, 110302. doi: 10.1016/j.econlet.2022.110302
Liu, Y., Niu, Z., Suleman, M. T., Yin, L., & Zhang, H. (2022). Forecasting the volatility of crude oil futures: The role of oil investor attention and its regime switching characteristics under a high-frequency framework. Energy, 238, 121779. doi: 10.1016/j.energy.2021.121779
Naeem, M. A., Hasan, M., Arif, M., Suleman, M. T., & Kang, S. H. (2022). Oil and gold as a hedge and safe-haven for metals and agricultural commodities with portfolio implications. Energy Economics, 105, 105758. doi: 10.1016/j.eneco.2021.105758
Iqbal, N., Naeem, M. A., & Suleman, M. T. (2022). Quantifying the asymmetric spillovers in sustainable investments. Journal of International Financial Markets, Institutions & Money, 77, 101480. doi: 10.1016/j.intfin.2021.101480
Raza, S. A., Shah, N., Suleman, M. T., & Mamun, M. A. (2022). A multifractal detrended fluctuation analysis of housing market: A role of financial crises in developed economies. International Journal of Housing Markets & Analysis, 15(5), 1145-1169. doi: 10.1108/IJHMA-06-2021-0068
Conference Contribution - Verbal presentation and other Conference outputs
Perera, K., Kuruppuarachchi, D., Kumarasinghe, S., & Suleman, T. (2022, April). Idiosyncratic volatility puzzle: A climate risk explanation. Verbal presentation at the Financial Markets & Corporate Governance (FMCG) Conference, [Hybrid].
Other Research Output
Elahi, A., Bekhit, A. E. D. & Suleman, M. A. (2022, September). Halal and you: Understanding Halal business and diet. Panel discussion at the annual Islam Awareness Week, University of Otago Muslim University Students' Association, Dunedin, New Zealand. [Public Discussion].
2021
Journal - Research Article
Suleman, M. T., McIver, R., & Kang, S. H. (2021). Asymmetric volatility connectedness between Islamic stock and commodity markets. Global Finance Journal, 49, 100653. doi: 10.1016/j.gfj.2021.100653
Nadeem, M., Zaman, R., Suleman, T., & Atawnah, N. (2021). CEO ability, career concerns, firms’ lifecycle and investments in intellectual capital. International Review of Economics & Finance, 75, 237-251. doi: 10.1016/j.iref.2021.04.023
Zhang, H., Demirer, R., Huang, J., Huang, W., & Suleman, M. T. (2021). Economic policy uncertainty and gold return dynamics: Evidence from high-frequency data. Resources Policy, 72, 102078. doi: 10.1016/j.resourpol.2021.102078
Zaighum, I., Aman, A., Sharif, A., & Suleman, M. T. (2021). Do energy prices interact with global Islamic stocks? Fresh insights from quantile ARDL approach. Resources Policy, 72, 102068. doi: 10.1016/j.resourpol.2021.102068
Ilyas, M., Khan, A., Nadeem, M., & Suleman, M. T. (2021). Economic policy uncertainty, oil price shocks and corporate investment: Evidence from the oil industry. Energy Economics, 97, 105193. doi: 10.1016/j.eneco.2021.105193
Naeem, M. A., Mbarki, I., Suleman, M. T., Vo, X. V., & Shahzad, S. J. H. (2021). Does Twitter Happiness Sentiment predict cryptocurrency? International Review of Finance. doi: 10.1111/irfi.12339
Huang, J., Ding, Q., Zhang, H., Guo, Y., & Suleman, M. T. (2021). Nonlinear dynamic correlation between geopolitical risk and oil prices: A study based on high-frequency data. Research in International Business & Finance, 56, 101370. doi: 10.1016/j.ribaf.2020.101370
Mensi, W., Nekhili, R., Vo, X. V., Suleman, T., & Kang, S. H. (2021). Asymmetric volatility connectedness among U.S. stock sectors. North American Journal of Economics & Finance, 56, 101327. doi: 10.1016/j.najef.2020.101327
Gkillas, K., Floros, C., & Suleman, M. T. (2021). Quantile dependencies between discontinuities and time-varying rare disaster risks. European Journal of Finance, 27(10), 932-962. doi: 10.1080/1351847X.2020.1809487
Chapple, L., Chen, B., Suleman, T., & Truong, T. P. (2021). Stock trading behaviour and firm performance: Do CEO equity-based compensation and block ownership matter? Pacific-Basin Finance Journal, 66, 101129. doi: 10.1016/j.pacfin.2019.03.006
Conference Contribution - Verbal presentation and other Conference outputs
Bhutta, A. I., Fayyaz, M., Munir, A., Suleman, M. T., & Mamun, M. A. (2021, April). Political connections, managerial ability and tunneling: Evidence from emerging market. Verbal presentation at the 11th Financial Markets and Corporate Governance (FMCG) Conference: Governance, Corporate Culture and Financial Markets, [Online].
Adnan, M., Rajput, S. K. O., & Suleman, M. T. (2021, April). Impact of asset growth on cross-section of Shariah compliant stock returns. Verbal presentation at the 11th Financial Markets and Corporate Governance (FMCG) Conference: Governance, Corporate Culture and Financial Markets, [Online].
Rathnasiri, U. A. H. A., De Silva, T.-A., Suleman, M. T., & Nilipour, A. (2021, April). Corporate governance: Compliance perspective: Evidence from Sri Lanka. Verbal presentation at the 11th Financial Markets and Corporate Governance (FMCG) Conference: Governance, Corporate Culture and Financial Markets, [Online].
2020
Journal - Research Article
Tiwari, A. K., Boachie, M. K., Suleman, M. T., & Gupta, R. (2020). Structure dependence between oil and agricultural commodities returns: The role of geopolitical risks. Energy, 219, 119584. doi: 10.1016/j.energy.2020.119584
Naeem, M. A., Peng, Z., Suleman, M. T., Nepal, R., & Shahzad, S. J. H. (2020). Time and frequency connectedness among oil shocks, electricity and clean energy markets. Energy Economics, 91, 104914. doi: 10.1016/j.eneco.2020.104914
Arif, I., Khan, L., Farooq, F., & Suleman, T. (2020). Impact of international trade and trade duties on current account balance of the balance of payment: A study of N-11 countries. Journal of Accounting & Finance in Emerging Economies, 6(1), 11-32. doi: 10.26710/jafee.v6i1.1047
Ji, Q., Shahzad, S. J. H., Bouri, E., & Suleman, M. T. (2020). Dynamic structural impacts of oil shocks on exchange rates: Lessons to learn. Journal of Economic Structures, 9, 20. doi: 10.1186/s40008-020-00194-5
Gkillas, K., Gupta, R., Lau, C. K. M., & Suleman, M. T. (2020). Jumps beyond the realms of cricket: India's performance in One Day Internationals and stock market movements. Journal of Applied Statistics, 47(6), 1109-1127. doi: 10.1080/02664763.2019.1663157
Al Mamun, M., Uddin, G. S., Suleman, M. T., & Kang, S. H. (2020). Geopolitical risk, uncertainty and Bitcoin investment. Physica A, 540, 123107. doi: 10.1016/j.physa.2019.123107
2019
Journal - Research Article
Chow, S.-C., Gupta, R., Suleman, T., & Wong, W.-K. (2019). Long-run movement and predictability of bond spread for BRICS and PIIGS: The role of economic, financial and political risks. Journal of Reviews on Global Economics, 8, 239-257. doi: 10.6000/1929-7092.2019.08.21
Sadhwani, R., Rajput, S. K. O., Ali-Rind, A., & Suleman, M. T. (2019). Does change in economic policy uncertainly affect real estate investment trusts (REITs)? Annals of Financial Economics, 14(04), 1950016. doi: 10.1142/S2010495219500167
Bouras, C., Christou, C., Gupta, R., & Suleman, T. (2019). Geopolitical risks, returns, and volatility in emerging stock markets: Evidence from a Panel GARCH model. Emerging Markets Finance & Trade, 55(8), 1841-1856. doi: 10.1080/1540496X.2018.1507906
Gupta, R., Suleman, T., & Wohar, M. E. (2019). Exchange rate returns and volatility: the role of time-varying rare disaster risks. European Journal of Finance, 25(2), 190-203. doi: 10.1080/1351847X.2018.1534750
Badshah, I., Demirer, R., & Suleman, M. T. (2019). The effect of economic policy uncertainty on stock-commodity correlations and its implications on optimal hedging. Energy Economics, 84, 104553. doi: 10.1016/j.eneco.2019.104553
Arif, I., Raza, S. A., Friemann, A., & Suleman, M. T. (2019). The role of remittances in the development of higher education: Evidence from top remittance receiving countries. Social Indicators Research, 141(3), 1233-1243. doi: 10.1007/s11205-018-1857-8
Nadeem, M., Suleman, T., & Ahmed, A. (2019). Women on boards, firm risk and the profitability nexus: Does gender diversity moderate the risk and return relationship? International Review of Economics & Finance, 64, 427-442. doi: 10.1016/j.iref.2019.08.007
Working Paper; Discussion Paper; Technical Report
Caldeira, J. F., Gupta, R., Suleman, T., & Torrent, H. S. (2019). Forecasting the term structure of interest rates of the BRICS: Evidence from a nonparametric functional data analysis [Department of Economics Working Paper Series]. Pretoria, South Africa: University of Pretoria. 12p. Retrieved from https://www.up.ac.za/media/shared/61/WP/wp_2019_11.zp169441.pdf
2018
Journal - Research Article
Gkillas, K., Vortelinos, D. I., & Suleman, T. (2018). Asymmetries in the African financial markets. Journal of Multinational Financial Management, 45, 72-87. doi: 10.1016/j.mulfin.2018.04.004
Demirer, R., Gupta, R., Suleman, T., & Wohar, M. E. (2018). Time-varying rare disaster risks, oil returns and volatility. Energy Economics, 75, 239-248. doi: 10.1016/j.eneco.2018.08.021
Gupta, R., Suleman, T., & Wohar, M. E. (2018). The role of time-varying rare disaster risks in predicting bond returns and volatility. Review of Financial Economics, 37(3), 327-340. doi: 10.1002/rfe.1051
Christou, C., Gupta, R., Hassapis, C., & Suleman, T. (2018). The role of economic uncertainty in forecasting exchange rate returns and realized volatility: Evidence from quantile predictive regressions. Journal of Forecasting, 37(7), 705-719. doi: 10.1002/for.2539
Conference Contribution - Published proceedings: Full paper
Nadeem, M., Suleman, T., & Ahmed, A. (2018). Women on boards, firm risk and profitability nexus: Are women risk-averse or risk moderate? Proceedings of the Accounting & Finance Association of Australia and New Zealand (AFAANZ) Conference. Retrieved from https://www.afaanz.org/
2017
Journal - Research Article
Umar, Z., & Suleman, T. (2017). Asymmetric return and volatility transmission in conventional and Islamic equities. Risks, 5(2), 22. doi: 10.3390/risks5020022
Arif, I., & Suleman, T. (2017). Terrorism and stock market linkages: An empirical study from a front-line state. Global Business Review, 18(2), 365-378. doi: 10.1177/0972150916668604
Suleman, T., Gupta, R., & Balcilar, M. (2017). Does country risks predict stock returns and volatility? Evidence from a nonparametric approach. Research in International Business & Finance, 42, 1173-1195. doi: 10.1016/j.ribaf.2017.07.055
Butt, H. A., Badshah, I. U., & Suleman, M. T. (2017). Illusory nature of pricing of illiquidity effect: The test case of Australian stock market. Journal of Finance & Economics Research, 2(2), 115-119. doi: 10.20547/jfer1702202
Bhutta, A. I., & Suleman, T. (2017). Capital structure and business groups: Evidence from Pakistan. Journal of Management Sciences, 4(2), 248-268. doi: 10.20547/jms.2014.1704207
Working Paper; Discussion Paper; Technical Report
Hamid, K., Hasan, A., Suleman, T., & Khurram, M. U. (2017). Volatility spillover effects across emerging equity markets of Pakistan, India, China and Bangladesh: A multivariate GARCH-BEKK and CCC approach. Social Science Research Network. doi: 10.2139/ssrn.2911592
2016
Conference Contribution - Published proceedings: Full paper
Bhutta, A. I., & Suleman, T. (2016). Performance of Pakistani business groups during energy crisis. Proceedings of the 8th Conference on Financial Markets and Corporate Governance (FMCG). doi: 10.2139/ssrn.2868971
Tashfeen, R., & Suleman, T. (2016). Board gender diversity and risk management: And a view of the financial, investment and liquidity policies. Proceedings of the 8th Conference on Financial Markets and Corporate Governance (FMCG). doi: 10.2139/ssrn.2867239
Working Paper; Discussion Paper; Technical Report
Suleman, T., & Randall, J. (2016). Dynamics of political risk rating and stock market volatility. Social Science Research Network. 29p. doi: 10.2139/ssrn.2315645
2015
Journal - Research Article
Suleman, T., & Amin, M. T. (2015). The impact of sectoral foreign direct investment on industrial economic growth of Pakistan. Journal of Management Sciences, 2(1), 151-165. doi: 10.20547/jms.2014.1502101
Working Paper; Discussion Paper; Technical Report
Suleman, T., & Daglish, T. (2015). Political uncertainty in developed and emerging markets. Social Science Research Netowork. 22p. Retrieved from https://ssrn.com/abstract=2647888
Suleman, M. T. (2015). Political uncertainty, exchange rate return and volatility. Social Science Research Network. Retrieved from https://ssrn.com/abstract=2598866
2014
Working Paper; Discussion Paper; Technical Report
Cermeño, R., & Suleman, M. T. (2014). Country risk and volatility of stock returns: Panel-GARCH evidence for Latin America. Social Science Research Network. Retrieved from https://ssrn.com/abstract=2482038
2012
Journal - Research Article
Suleman, M. T. (2012). Stock market reaction to terrorist attacks: Empirical evidence from a front line state. Australasian Accounting, Business & Finance Journal, 6(1), 15.
Suleman, M. T. (2012). Stock market reaction to good and bad political news. Asian Journal of Finance & Accounting, 4(1), 299-312. doi: 10.5296/ajfa.v4i1.1705
Working Paper; Discussion Paper; Technical Report
Suleman, M. T. (2012). Time series properties and predictability of Pak rupee/US dollar exchange rate. Social Science Research Network. Retrieved from https://ssrn.com/abstract=2041056
2011
Journal - Research Article
Asghar, M., Shah, S. Z. A., Hamid, K., & Suleman, M. T. (2011). Impact of dividend policy on stock price risk: Empirical evidence from equity market of Pakistan. Far East Journal of Psychology & Business, 4(4), 45-52.
2010
Journal - Research Article
Hamid, K., Suleman, M. T., Shah, S. Z. A., & Akash, R. S. I. (2010). Testing the weak form of efficient market hypothesis: Empirical evidence from Asia-Pacific markets. International Research Journal of Finance & Economics, (58). doi: 10.2139/ssrn.2912908
2009
Working Paper; Discussion Paper; Technical Report
Suleman, M. T., & Saeed, M. A. (2009). Option on human performance: A case study of Indian premier league. Social Science Research Network. 28p. doi: 10.2139/ssrn.1474039
Suleman, M. T. (2009). Risk involved in international debt investment in emerging markets: A case study of India, Malaysia and Taiwan. 43p. doi: 10.2139/ssrn.1462203
Lecturer