M. Faisal Safa, Ph.D.
Associate Professor of Finance
Office: 907 Royce Street, 1st Floor
Phone: (618) 537-6892
Education
Ph.D., Finance, University of New Orleans (2013)
M. Sc., Finance, Georgia State University (2009)
M.B.A., Finance, Dalhousie University (2003)
M. Comm., Accounting, University of Dhaka (1994)
B. Comm. (Hons.), Accounting, University of Dhaka (1993)
Teaching Interests
Corporate Finance
Mergers and Acquisitions
Investments & Portfolio Theory
Financial Markets & Institutions
Quantitative Decision Making
Research Interests
Corporate Finance and Governance
Investments
Financial Markets
Commercial Banks
Publications
“Do determinants of fees differ between Islamic and conventional funds?” (with Mehri,
M, Hassan, MK, Siraj, I.), 2021, International Journal of Finance & Economics, 26, pp. 3599 – 3623.
“Oil price volatility, Islamic financial development and economic growth in Gulf Cooperation
Council (GCC) countries” (with Kaouthar Gazdar, M. Kabir Hassan, and Rihab Grassa),
2019, Borsa Istanbul Review, 19 (3), pp. 197 - 206.
“Impact of behavioral factors on investors’ financial decisions: case of the Egyptian
stock market” (with Noura Metawa, M. Kabir Hassan, and Saad Metawa), 2019, International Journal of Islamic and Middle Eastern Finance and Management, 12 (1), pp. 30 - 55.
“AIG’s Announcements, Fed’s Innovation, Contagion and Systemic Risk in the Financial
Industry” (with M. Kabir Hassan and Neal C. Maroney), 2013, Applied Financial Economics,
23 (16), pp. 1337 – 1348.
“Impact of Financial Liberalization and Foreign Bank Entry on Islamic Banking Performance”,
(with M. Kabir Hassan and Benito Sanchez), International Journal of Islamic and Middle
Eastern Finance and Management, 2013, International Journal of Islamic and Middle
Eastern Finance and Management, 6 (1), pp. 7-42. (lead article).
“Bid-Ask Spread, Futures Market Sentiment and Exchange Rate Returns”, (with Neal C.
Maroney) December 2012, Journal of Economic Cooperation & Development, 33(4), pp.
63-85.
Working Papers
The Impact of Incarceration on Firm Performance (with Jennifer Brodmann, Makeen Huda,
and M. Kabir Hassan).
Governance Structure and Executive Compensation in Banking and Non-Banking Industries (with M. Kabir Hassan and Abdullah Mamun).
Bank Risk and CEO Compensation (with M. Kabir Hassan and Abdullah Mamun).
Unconventional Monetary policy and Income inequality: evidence from USA, (with Ali Ashraf).
Presentations
Unconventional Monetary policy and Income inequality: Evidence from USA, (with Ali
Ashraf).
Southwestern Society of Economics (2019), Houston
Do determinants of fees differ between Islamic and conventional funds? (with Meryem
MEHRI, and M. Kabir Hassan).
Southwestern Finance Association Conference (2019), Houston
The Impact of Incarceration on Firm Performance (with Jennifer Brodmann, Makeen Huda,
and M. Kabir Hassan).
Southwestern Finance Association Conference (2019), Houston
Oil price volatility, Islamic financial development and economic growth in Gulf Cooperation
Council (GCC) countries, (with Kaouthar Gazdar, M. Kabir Hassan, and Rihab Grassa).
Southwestern Society of Economics (2018), Albuquerque.
Governance Structure and Executive Compensation In Banking and Non-Banking Industries,
(with M. Kabir Hassan and Abdullah Mamun),
Southern Economic Association (2012), New Orleans
Southwestern Finance Association (2013), Albuquerque
Southwestern Finance Association (2014), Dallas.
Bank Risk and Executive Compensation, (with M. Kabir Hassan and Abdullah Mamun)
Southwestern Finance Association (2014), Dallas.
Academy of Financial Services (2013), Chicago, IL.
“AIG’s Announcements, Fed’s Innovation, Contagion and Systemic Risk in the Financial
Industry” (with M. Kabir Hassan and Neal C. Maroney),
Southern Economic Association (2012), New Orleans
Southwest Decision Sciences Institute (2012), New Orleans
Southwestern Finance Association (2012), New Orleans
Southwestern Society of Economics (2013), Albuquerque
“Impact of Financial Liberalization and Foreign Bank Entry on Islamic Banking Performance”,
(Benito Sanchez and M. Kabir Hassan),
6th International Conference of the School of Economics and Business (2012), Sarajevo
“Upward Ratcheting of CEO Compensation in Large Canadian Corporations: Alternative
Explanations” (with S.D. Chowdhury)
Administrative Science Association of Canada (2005), Toronto
“Is the Ricardian Equivalence Relevant in Determining Economic Trends? An Empirical
Assessment of the Canadian Experience” (with Fazley Siddiq)
Atlantic Canadian Economic Association (2004), New Brunswick
Canadian Economic Association (2003), Ottawa
Academic Review Activities
Journal of Economic Cooperation and Development.
International Journal of Islamic and Middle Eastern Finance and Management.
Journal of Islamic Accounting and Business Research.
Journal of Business Inquiry.
Asian Journal of Economics, Business and Accounting.
International Journal of Financial Studies.
Awards
St. Louis Area Stock Contest (May, 2019)
Toussaint Hocevar Outstanding Doctoral Student, University of New Orleans (2012)
Crescent City Doctoral Scholarship, University of New Orleans (2009–2013)
Merit Scholarship, University of Dhaka (1990–1994)
Organizations & Memberships
Academy of Financial Services
Financial Management Association
Southwestern Finance Association
Sigma Beta Delta, McKendree University
