Professors

Farooq AHMAD

Associate Professor

Empirical Corporate Finance, Gouvernance d'entreprise, Mergers and Acquisitions

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Farooq AHMAD

Academy

Globalization

Research center

Finance & Accounting Insights on Risk and Regulation

Location

Lille

Discipline

Finance

Farooq is an Associate Professor of Finance at SKEMA Business School. His research interests are in Empirical Corporate Finance, Corporate Governance, International Finance, Mergers and Acquisitions, National Culture, Labor Market Institutions, and CEO Behavior. He has presented his research at major conferences including WFA, EFA, SFS Cavalcade, CICF, NFA and FMA meetings. His work has been published in the Review of Financial Studies and Journal of Banking & Finance. He has received Best Paper awards in 2022 and 2017 at the French Finance Association (AFFI) annual meeting and finalist for the Best Paper award in 2018 at the FMA Asia-Pacific meeting. He is also a recipient of the 2022 "Best Scholar" and "Most Productive Scholar" awards at SKEMA Business School. He holds a PhD degree in Finance jointly from the Université Lille 2 and Skema Business School, MS in Business Administration from IAE de Lyon, University of Lyon III France, MBA (Finance) and BBA from the IIUI Islamabad Pakistan. He has been visiting scholar at the Foster Business School, University of Washington, United States. He has professional experience of 4 years in Internal Audit.

Education
2016
Ph.D. in Finance, Université de Lille, France
2011
Master in Management Science, IAE Lyon, France
2006
MBA in Business Administration, International Islamic University, Pakistan
Experience
Full-time academic positions
Since 2021
Associate Professor, SKEMA Business School, France
2019 - 2021
Assistant Professor, SKEMA Business School, France
2016 - 2019
Assistant Professeur, IÉSEG School of Management, France
Other academic affiliations and appointments
2015 - 2016
Visiting PhD Student, Foster School of Business - University of Washington, United States of America
2014 - 2016
Attaché Temporaire d'Enseignement et de Recherche, Université de Lille, France
2012 - 2014
Adjunct Professor, SKEMA Business School, France
Other professional experiences
2006 - 2010
Manager - Internal Audit, Habib Bank Limited, Pakistan
Research grants, Awards and Honors
Awards and Honors
2022
Most productive Scholar Award, SKEMA Business School, France
2022
Best Scholar Award, SKEMA Business School, France
2022
Best Paper in Corporate Finance, French Finance Association (AFFI), France
2018
Finalist of FMA Asia Pacific Conference Best Paper Award, Financial Management Association
2017
Best Paper in "Finance, Ethics and Sustainability", French Finance Association (AFFI), France
2016
First Prize of Excellent Thesis, Second International Academic Conference in Chinese Management, China
Research Grants
2016
Research Grant, Region Nord-Pas De Calais, France
2015
Research Grant, Université de Lille, France
Other research activities
Reviewer for:
Journal of Business Ethics, British Journal of Management, Southern Economic Journal, Economic Modelling, Economics of Innovation and New Technology, Journal of Corporate Finance, Journal of Banking and Finance, Finance Research Letters, Emerging Markets Review
Organization of a conference or a research seminar
2023
SKEMA Corporate Restructuring Conference, France
Other academic activities
2024
French Finance Association (AFFI) Annual Meeting, France
2023
Scientific Committee Member of French Finance Association (AFFI), France
2022
Scientific Committee Member of French Finance Association (AFFI), France

Peer-reviewed journal articles

AHMAD, F., AKTAS, N., CUMMING, D. and XU, G. (2024). Board reforms and M&A performance: international evidence. Journal of International Business Studies, 55, pp. 616-637.
AHMAD, F., AZIZ, S., MICHIELS, Y. and NGUYEN, D.K. (2024). Tracing environmental sustainability footprints in cross‐border M&A activity. European Financial Management, 3(3), pp. 1165-1195.
AHMAD, F. and KARPUZ, A. (2024). Beyond Climate Change Risk: Biodiversity and Corporate Cash Holdings. Economics Letters, 236, pp. 111608.
AHMAD, F., AKTAS, N. and AZIZ, S. (2023). Does Bilateral Trust Matter during M&A Negotiations? British Journal of Management, 34(4), pp. 2212-2233.
AHMAD, F., AZIZ, S., DOWLING, M. and KOWALEWSKI, O. (2023). Board reform and innovation. International Review of Financial Analysis, 88, pp. 102727.
AHMAD, F., KOWALEWSKI, O. and PISANY, P. (2023). What determines initial coin offering success: a cross-country study. Economics of Innovation and New Technology, 32(5), pp. 622-645.
AHMAD, F., AZIZ, S., EL-KHATIB, R. and KOWALEWSKI, O. (2023). Firm-level political risk and dividend payout. International Review of Financial Analysis, 86, pp. 102546.
AHMAD, F., AKTAS, N. and CROCI, E. (2023). Climate risk and deployment of corporate resources to working capital. Economics Letters, 224, pp. 111002.
AHMAD, F., DE BODT, E. and BOLLAERT, H. (2022). Mergers and Acquisitions Across Cultures. Finance, 43(3), pp. 37-117.
AHMAD, F., AZIZ, S. and DOWLING, M. (2022). Does target country cultural orientation influence M&A? British Journal of Management, 33(2), pp. 906-938.
ASLAM, F., MUGHAL, K., AZIZ, S., AHMAD, F. and TRABELSI, D. (2022). COVID-19 pandemic and the dependence structure of global stock markets. Applied Economics, 54(18), pp. 2013-2031.
AHMAD, F. and KOWALEWSKI, O. (2021). Collective Bargaining and Corporate Cash Policy. International Review of Law and Economics, 68, pp. 106007.
AHMAD, F., DE BODT, E. and HARFORD, J. (2021). International Trade and the Propagation of Merger Waves. Review of Financial Studies, 34(10), pp. 4876–4925.
AHMAD, F. and LAMBERT, T. (2019). Collective Bargaining and Mergers and Acquisitions Activity around the World. Journal of Banking and Finance, 99, pp. 21-44.
AHMAD, F., BEUSELINCK, C. and BOLLAERT, H. (2017). Employment Protection and Payout Policy. Finance, 38(3), pp. 5-43.

Conference presentations

AHMAD, F., DE BODT, E. and HARFORD, J. (2023). The Innovation Arms Race. In: Corporate Finance Day. Lille.
AHMAD, F., LAMBERT, T., MARTIN FLORES, J. and PETIT ROMEC, A. (2023). Does democracy shape international merger activity? In: European Finance Association (Poster Session). Amsterdam.
AHMAD, F., DE BODT, E. and HARFORD, J. (2023). The Innovation Arms Race. In: European Economic Association. Barcelona.
AHMAD, F., LAMBERT, T., PETIT ROMEC, A. and MARTIN-FLORES, J. (2023). Does Democracy Shape International Merger Activity? In: French FInancial Association (AFFI). Bordeaux.
AHMAD, F., AZIZ, S., KOWALEWSKI, O. and EL-KHATIB, R. (2022). Firm Level Political Risk and Dividend Payout. In: IFABS Annual Meeting. Naples.
AHMAD, F., HARFORD, J. and DE BODT, E. (2022). The Innovation Arms' Race. In: European Finance Association (EFA) Annual Meeting. Barcelona.
AHMAD, F., DE BODT, E. and HARFORD, J. (2022). The Innovation Arms Race. In: Sixth Annual Mergers and Acquisitions Research Centre Conference. London.
AHMAD, F., DE BODT, E. and HARFORD, J. (2022). The Innovation Arms Race. In: AFFI Annual Meeting. Saint-Malo.
AHMAD, F. and AZIZ, S. (2019). Do differences in societal trust let cross-border mergers die? In: FMA Europe Conference. Glasgow.
AHMAD, F. and AZIZ, S. (2019). Do differences in societal trust let cross-border mergers die? In: AIB (Academy of International Business) Conference. Copenhagen.
AHMAD, F., DE BODT, E. and BOLLAERT, H. (2018). Merger and Acquisitions Across Cultures. In: AFFI (Association Française de Finance) Conference. Paris.
AHMAD, F., DE BODT, E. and HARFORD, J. (2018). International Trade and the Propagation of Merger Waves. In: FMA Asia Pacific Conference. Hong Kong.
AHMAD, F., DE BODT, E. and HARFORD, J. (2018). International Trade and the Propagation of Merger Waves. In: European Finance Association. Warsaw.
AHMAD, F., DE BODT, E. and HARFORD, J. (2018). International Trade and the Propagation of Merger Waves. In: Western Finance Association. San Diego.
AHMAD, F., BEUSELINCK, C. and BOLLAERT, H. (2018). Employment Protection and Payout Policy. In: Multinational Finance Society Annual Conference. Budapest.
AHMAD, F. (2018). Target Countries' Culture and Takeover Activity. In: FEBS (International Conference of the Financial Engineering and Banking Society). Roma.
AHMAD, F., BEUSELINCK, C. and BOLLAERT, H. (2017). Employment Protection Legislation and Payout Policy. In: AFFI (Association Française de Finance) Conference. Valence.
BOLLAERT, H., AHMAD, F. and BEUSELINCK, C. (2017). Employment Protection Legislation and Payout Policy. In: FEBS (International Conference of the Financial Engineering and Banking Society). Glasgow.
AHMAD, F., DE BODT, E. and BOLLAERT, H. (2017). Mergers and Acquisitions Across Cultures. In: FEBS (International Conference of the Financial Engineering and Banking Society). Glasgow.
AHMAD, F., DE BODT, E. and BOLLAERT, H. (2017). Mergers and Acquisitions Across Cultures. In: ESCP Finance and Society Workshop. Paris.
AHMAD, F., DE BODT, E. and HARFORD, J. (2017). International Trade and Propagation of Mergers Waves. In: SFS Cavalcade North Amercia. Nashville.
AHMAD, F., DE BODT, E. and HARFORD, J. (2017). International Trade and the Propagation of Merger Waves. In: Northern Finance Association. Helifax.
AHMAD, F. and LAMBERT, T. (2017). Collective Bargaining and Takeover Activity Around World. In: ACES/ASSA Annual Meeting. Chicago.
AHMAD, F., BOLLAERT, H. and DE BODT, E. (2017). Mergers & Acquisitions Across Culture. In: ESCP Corporate Finance Workshop. Paris.
AHMAD, F., DE BODT, E. and HARFORD, J. (2017). International Trade and Propagation of Mergers Waves. In: FMA Annual Conference. Lisbon.
AHMAD, F., DE BODT, E. and HARFORD, J. (2017). International Trade and Propagation of Mergers Waves. In: 2nd Annual Cass M&A Research Centre Conference. London.
BOLLAERT, H., AHMAD, F. and DE BODT, E. (2016). Mergers and Acquisitions Across Cultures. In: Université Paris-Dauphine - 2016 Workshop in Corporate Finance. Paris.
AHMAD, F. and LAMBERT, T. (2016). Collective Bargaining and Takeovers around the World. In: CICF. Xiamen.
AHMAD, F., DE BODT, E. and BOLLAERT, H. (2015). Mergers and Acquisitions Across Cultures. In: CF Conference on Culture and Finance, Wake Forest University. Winston-Salen.
DE BODT, E., BOLLAERT, H. and AHMAD, F. (2014). Mergers and Acquisitions Across Cultures. In: AFFI (Association Française de Finance) Conference. Aix-en-Provence.

Faculty research seminar presentations

AHMAD, F., DE BODT, E. and HARFORD, J. (2024). The Innovation Arms' Race. In: WHU - Otto Beisheim School of Management. Vallender.
AHMAD, F., DE BODT, E. and HARFORD, J. (2023). The Innovation Arms Race. In: EMLyon Business School. Lyon.
AHMAD, F., DE BODT, E. and HARFORD, J. (2023). The Innovation Arms Race. In: Finance Research Seminar, Swansea University. Swansea.
AHMAD, F., DE BODT, E. and HARFORD, J. (2022). The Innovation Arms Race. In: Finance Research Seminar, University of Port. Porto.
AHMAD, F., DE BODT, E. and HARFORD, J. (2022). The Innovation Arms Race. In: Finance Research Seminar, Rennes School of Business. Rennes.
AHMAD, F., DE BODT, E. and HARFORD, J. (2022). The Innovation Arms' Race. In: FMCO Research Centre Seminar Series at Rennes School of Business. Rennes.