Biography
Dr Sohel Azad is a Senior Lecturer in the Department of Finance in Deakin Business School. Previously, Sohel held lecturer and assistant professor positions at various universities in Bangladesh and Japan. He was a Visiting Research Fellow at Kobe Gakuin University in Japan and the American University of Sharjah in UAE. He earned his PhD in Finance from Monash University in 2012. Prior to this, he did an MSc in Development Economics from Ritsumeikan APU with the highest CGPA among the graduating class and, a Bachelor and Masters in Business Administration in Finance with first classes from the University of Chittagong in Bangladesh.
Sohel has published in various finance and economics journals that include Journal of Financial Research, Journal of International Financial Markets, Institutions and Money; International Review of Finance, International Review of Financial Analysis, Emerging Markets Review, Economic Modelling and Applied Economics. He also obtained some domestic and international research grants. Sohel presented his research papers in various domestic and international seminars and conferences.
His research interests include Islamic finance and banking, modelling and decomposing volatility and correlations in financial markets; financial contagion and asset pricing.
In addition to Sohel's research performance, he has received the AAUT citation Award 2018 and Deakin University Vice-Chancellor Award for teaching in 2017.
Read more on Sohel's profileCareer highlights
- Senior Lecturer in Finance at Deakin University, Melbourne, since January 2016.
- Lecturer in Finance at Deakin University, Melbourne, 2011-2015.
- Visiting Scholar, American University of Sharjah, UAE, 2015-2016.
- Sessional staff in Accounting and Finance at Monash University, Caulfield Campus, 2008-2011.
- Visiting Lecturer, Ritsumeikan APU, Japan, 2008.
- Visiting Research Fellow, Kobe Gakuin University, Japan, 2004-2005.
- Lecturer/Assistant Professor in Finance, University of Chittagong, 1999-2004.
Research interests
- Islamic finance and banking
- Volatility and risk modelling
- Macroeconomic risk
- Financial markets
Affiliations
- Reviewer, Journal of Banking and Finance, Journal of International Financial Markets, Institutions and Money, Economic Modelling and Research in International Business and Finance.
Teaching interests
- Treasury Operations
- International Finance and Investment
- Business Finance
Units taught
- MAF367 - Treasury Operations
- MAF203 - Business Finance
- MAF306 - International Finance and Investment
- MAF760 - International Finance
Conferences
- 'Religiosity, Neglected risk and Asset Returns in Islamic Finance Industry', 3rd Chapman Conference on Money and Finance, Chapman University, USA, 4 May 2018.
- 'Can Islamic Banking Prevent Asset Price Bubble?', ICIBF Conference, Saudi Arabia, 2016.
- 'Why is interest free Islamic banking not free from interest?', Seminar Series, American University of Sharjah, UAE, December 2015.
- 'Why is interest-free Islamic banking not free from interest?', Asia Pacific Association of Derivatives (APAD) Conference, South Korea, December 2015.
- 'Islamic Banking and Asset Price Bubbles', IBF Islamic Finance, Lancaster University, UK, June 2014.
- 'IIBR-LIBOR Relationship and the Nature and Determinants of “Islamic Premium”', Asia Pacific Association of Derivatives (APAD) Conference, South Korea, 23-24 August 2013.
- 'Market Inefficiency and Trade-induced Manipulations: Evidence from Emerging Markets', Higher Moments, Risk Management and Financial Markets Symposium, Vietnam, January 2013.
- 'Pricing Business Cycle, Skewness and Correlation Risk in US Swap Market', Asia Pacific Association of Derivatives (APAD) Conference, South Korea, 23-24 August 2012.
- 'Measuring Swap Market Links via Volatility Transmissions and Contagion: What Are We Really Picking Up?', Accounting and Corporate Governance Seminar Series, Macquarie University, Australia, 17 March 2011.
- 'Financial Integration and Swap Market Links Under Two-component Volatility Model: Evidence from the Major Swap Market', Midwest Finance Association Conference, USA, 2-5 March 2011.
Professional activities
Media appearances
- OBS (OITA), Japan: Micro Finance, National Heritage Sites and Festivals of Bangladesh.
Awards
- Monash Graduate Research Scholarship, Monash University, 2008-2011.
- Faculty of Business and Economics Scholarship, Monash University, 2008-2011.
- Makita Scholarship, Japan, 2006-2008.
- United Nations University Academic Excellence Award, 2006
- Japanese Government Scholarship (JASSO), 2005-2006.
- Research Grants from Ritsumeikan Asia Pacific University, 2005 and 2007.
- Visiting Research Fellowship, Kobe Gakuin University, Japan, 2004-2005.
Projects
- Faculty Research Grants in 2013 (Amount: $8,000): Exposing the Interest Rate Swap Spreads: Australian Evidence (Joint investigator) with Vincent (Joint Investigator) and Fang (Mentor).
- Association of Chartered Certified Accountants (Amount: $18,108): Accounting Standards and Misrepresentation of Islamic Financial Instruments Risk with Ahsan and Azmat (joint investigators).
Publications
Volatility and correlation of Islamic and conventional indices during crises
A Chazi, A Samet, A Azad
(2023), Vol. 55, Global Finance Journal, C1
Is there a CSI-leverage nexus?
H Ahmed, A Azad, W Poon, M Safiullah
(2023), Vol. 89, pp. 1-17, International Review of Financial Analysis, Amsterdam, The Netherlands, C1
Does the energy sector serve as a hedge and safe haven?
A Azad, A Hayat, H Ahmed
(2023), Annals of Operations Research, C1
On the state of financial research: Is it in a silo?
A Azad, A Chazi, A Khallaf, Z Zantout
(2023), pp. 1-47, Accounting and Finance, London, Eng., C1
Low-frequency volatility and macroeconomic dynamics: conventional versus Islamic stock markets
H Kim, A Azad
(2022), pp. 1-28, Singapore economic review, Singapore, C1
State contingent banking and asset price bubbles: The case of Islamic banking industry
S Azmat, M Hassan, H Ghaffar, A Azad
(2021), Vol. 50, Global Finance Journal, C1
Religiosity, neglected risk and asset returns: Theory and evidence from Islamic finance industry
S Azmat, M Kabir Hassan, H Ali, A Sohel Azad
(2021), Vol. 74, Journal of International Financial Markets, Institutions and Money, C1
Firm efficiency and stock returns: Australian evidence
T Ang, A Azad, T Pham, A Zhong
(2021), Vol. 78, International Review of Financial Analysis, C1
Does the size of Islamic banking matter for industry growth: international evidence
Abdelaziz Chazi, Ali Mirzaei, Zaher Zantout, Asm Azad
(2020), Vol. 52, pp. 361-374, Applied economics, Abingdon, Eng., C1
Islamic banking, costly religiosity, and competition
S Azmat, A Azad, M Bhatti, H Ghaffar
(2020), Vol. 43, pp. 263-303, Journal of financial research, Chichester, Eng., C1
Conventional vs Islamic banking and macroeconomic risk: Impact on asset price bubbles
S Azmat, A Azad, H Ghaffar, A Hayat, A Chazi
(2020), Vol. 62, Pacific Basin Finance Journal, C1
M Abedin, C Guotai, F Moula, A Azad, M Khan
(2019), Vol. 24, pp. 474-507, International Journal of Finance and Economics, C1
What determines the profitability of Islamic banks: lending or fee?
A Azad, Saad Azmat, Abdul Hayat Muhammad
(2019), pp. 1-15, International review of economics & finance, Amsterdam, The Netherlands, C1
Can Islamic banks have their own benchmark?
A Azad, S Azmat, A Chazi, A Ahsan
(2018), Vol. 35, pp. 120-136, Emerging markets review, Amsterdam, The Netherlands, C1
Sailing with the non-conventional stocks when there is no place to hide
A Azad, S Azmat, A Chazi, A Ahsan
(2018), Vol. 57, pp. 1-16, Journal of international financial markets, institutions and money, Amsterdam, The Netherlands, C1
Investors' behavior in an emerging, tax free market
K Al-Hilu, K Al-Hilu, A Azad, A Azad, A Chazi, A Chazi, A Khallaf, A Khallaf
(2017), Vol. 53, pp. 1573-1588, Emerging markets finance and trade, Abingdon, Eng., C1
What determines the Japanese corporate credit spread? A new evidence
A Azad, A Chazi, P Cooper, A Ahsan
(2017), Vol. 41, pp. 354-361, Research in international business and finance, Amsterdam, The Netherlands, C1
International swap market contagion and volatility
A Azad, J Batten, V Fang, J Wickramanayake
(2015), Vol. 47, pp. 355-371, Economic Modelling, C1
What determines the yen swap spread?
A Azad, J Batten, V Fang
(2015), Vol. 40, pp. 1-13, International Review of Financial Analysis, C1
S Azad, S Azmat, V Fang, P Edirisuriya
(2014), Vol. 30, pp. 51-71, Research in international business and finance, Philadelphia, USA, C1
Determinants of stock returns: Factors or systematic co-moments? Crisis versus non-crisis periods
C Hung, A Azad, V Fang
(2014), Vol. 31, pp. 14-29, Journal of international financial markets, institutions & money, Amsterdam, The Netherlands, C1
A Azad, S Yasushi, V Fang, A Ahsan
(2014), Vol. 32, pp. 159-171, Research in international business and finance, Amsterdam, The Netherlands, C1
External shocks and tourist arrivals to Cambodia
A Sohel Azad, V Chheang, A Ahsan
(2014), Vol. 19, pp. 311-321, Tourism analysis, Putnam Valley, NY, C1
A Azad, A Ahsan, V Fang
(2013), pp. 143-159, Emerging markets and the global economy: a handbook, Oxford, England, B1
V Fang, A Azad, J Batten, C Lin
(2012), pp. 379-398, Contemporary studies in economic and financial analysis, Bingley, England, B1
Linking the interest rate swap markets to the macroeconomic risk : The UK and us evidence
A Azad, V Fang, C Hung
(2012), Vol. 22, pp. 38-47, International review of financial analysis, Amsterdam, Netherlands, C1
Low-frequency volatility of yen interest rate swap market in relation to macroeconomic risk
A Azad, V Fang, J Wickramanayake
(2011), Vol. 11, pp. 353-390, International review of finance, Richmond, Vic., C1-1
S Azad, S Azmat
(2010), pp. 293-297, Financial contagion : the viral threat to the wealth of nations, Hoboken, N. J., B1-1
S Azad
(2009), Vol. 23, pp. 93-118, Asian economic journal, Richmond, Vic., C1-1
A Azad
(2009), Vol. 23, pp. 322-338, Research in international business and finance, New York, N. Y., C1-1
A study on small business enterprises in Bangladesh : searching for growth factors and obstacles
M Jahur, A Azad
(2004), Vol. 51, pp. 73-89, Journal of the institute of bankers Bangladesh, [Dhaka, Bangladesh], C1-1
Assessing impact of micro finance on poverty alleviation - Bangladesh perspective
S Azad, M Shamsuddoha, T Arif
(2004), pp. 1-9, Enhancing Performance : Agenda for Growth : proceedings of the Prestige Institute of Management and Research (PIMR) national conference, Indore, India, January 29-30, 2004, Indore, India, E1-1
Funded Projects at Deakin
No Funded Projects at Deakin found
Supervisions
Thi Anh Thu Pham
Thesis entitled: Studies of firm efficiency on stock returns
Doctor of Philosophy, Department of Finance