Sustainability & Behavioural Finance

The work of this group focuses on a novel angle of research that brings together the seemingly disparate fields of environment, social organization and finance. The group’s researchers borrowed from these fields and brought together the distant concepts of sustainability and behavioral finance and projected them as a broad title for their research endeavors. Business ethics and environmental economists have for a considerable time been calling on sustainability as a well-established concept in their research work on the impact of business on the natural and social environments. Standard finance and investment disciplines have also habitually called on the concept of behavioural finance to describe investors’ behaviors. However, and despite the plethora of research exploring standard finance, which dates to the late 1950s and early 1960s, much less work is being done on behavioural finance and sustainability, particularly, in the areas of corporate social responsibility (CSR) and the recently more pressing processes of environmental, social and governance (ESG) aspects. Researchers in this group believe that bringing together sustainability and behavioural finance in an organic interplay will revolutionize the seemingly inanimate finance field and provide insights into additional valuable factors that are at play. Research in this group will be undertaken through a collaborative effort with a global team of researchers who are planning to produce a dozen research papers destined for publication in highly reputable journals and two books in 2021-2022.

Research Plan 2021-2022

Active UBT Researchers

International Collaborating Researchers

Current Research Projects

  • Organizational success and Certain behavioural aspects as consequences of CSR in the Saudi scenario- An examination using SEM
  • Do credit rating announcements provide valuable information to bank stockholders? Evidence from Saudi Arabia
  • Financial Contagion among Emerging Asian Stock Markets: Evidence from Pre and during COVID-19 Crisis
  • Determinants of Capital Structure as Financial Distress Prediction in a “Pre Covid-19”
  • Measuring the effects of recent bank mergers on the efficiency and productivity of conventional and Islamic banks in the GCC
  • Pass through Effects of Oil Prices on Latin American Emerging Stocks before and during COVID-19: Evidence from Wavelet and VAR Analysis
  • Sustainable Finance embraced through Green Bonds
  • Behavioural Finance – An application of AI and Machine Learning
  • Sustainability and Green Economy

Research Publications

  • Kayal, G., Balfaqih, H., Durani, F., Akeel, H., Abukwaik, A., & Azudin, N. (2022). Evaluating the Impact of Verified Government Accounts on the Knowledge, Attitudes, and Intentions of Saudi Residents During the COVID-19 Pandemic. International Journal of Electronic Government Research (IJEGR), 18(1), 1-23.
  • AKEEL, H. (2022). Predicting the FTSE China A50 Index Movements Using Sample Entropy. The Journal of Asian Finance, Economics and Business, 9(3), 1-10.
  • Akeel, H. (2022). The nexus among ICT, institutional quality, health expenditure, and carbon emission: a case study from Saudi Arabia. Environmental Science and Pollution Research, 1-10.
  • Siddiqui, T. A., Khan, M. F., Naushad, M., & Syed, A. M. (2022). Cross-Market Correlations and Financial Contagion from Developed to Emerging Economies: A Case of COVID-19 Pandemic. Economies, 10(6), 147.

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