Dr. Bruce Q. Budd. Associate Professor in Finance & Economics

Transcription

1 C U R R I C U L U M V I T A E Dr. Associate Professor in Finance & Economics College of Business Tel: (+971) Alfaisal University Fax: (+971) Riyadh, Kingdom of Saudi Arabia bbudd@alfaisal.edu Nationality: Australian/British Passport holder Webpage: E D U C A T I O N 1999 Doctor of Philosophy in Economics, Murdoch University, Western Australia. Thesis titled: Empirical Analysis of Gender Wage Discrimination in Australian Labour Market Master of Science in Economics & Quantitative Techniques, Birkbeck College and London School of Economics & Political Science, London, UK Graduate Diploma in Mathematics and Statistics, University of London, UK Bachelor of Arts in Economics, Birkbeck College, University of London, UK Bachelor of Education, Economics & History, University of Birmingham, UK. S K I L L S A N D A B I L I T I E S Strong problem solving, analytical and mathematical skills Advanced statistical modelling skills in E-views (dynamic econometric time series modelling), Limdep (cross-sectional and panel data econometrics modelling), SAS and SPSS (qualitative analysis), AMOS, UNIX, SAM, MICROFIT, ET, MACROS, Provaris (bootstrapping) and Visual Basic (Excel). Advanced skills in the suite of Microsoft Office products including financial modelling using Excel. Strong understanding of current economic and financial theories and the ability to relate this to events in today s dynamic global economy Strong interpersonal skills, especially in unfamiliar/overseas environments where sensitivity to foreign cultures is critical Practical, hand-on work experience in the fields of strategic business management and running small businesses Strong understanding of accounting, finance, economics and business organisation. Page 1

2 A C A D E M I C E M P L O Y M E N T Present Associate Professor of Finance & Economics, College of Business Alfaisal University, Riyadh, KSA Associate Professor Finance & Economics, (refereed internal promotion June 2005 from Assistant Professor) College of Business Sciences, Zayed University, Dubai, UAE Associate Professor Finance & Banking (Adjunct) Heriot-Watt University, (UK), Dubai campus Senior Lecturer of Economics & Finance, (refereed internal promotion June 1999 from Lecturer B) Business School, Curtin University of Technology, Perth, Australia Lecturer of Economics (Adjunct) Notre Dame University, Fremantle, Western Australia Lecturer of Economics & Statistics (Adjunct) Edith Cowan University, Perth, Australia Lecturer of Economics,(Adjunct), Murdoch University, Murdoch, Western Australia Head of Commerce Department Reeds College, Cobham, Surrey, England Instructor/lecturer of Economics and Business, St. George s College, Weybridge, Surrey. England. Page 2

3 T E A C H I N G E X P E R I E N C E Teaching Interests: Primary interest in financial economics and strategic financial management for value creation. Specialising in Corporate and Managerial Finance with additional interest and experience in Banking, Micro and Macro-economics, Managerial Economics, Quantitative techniques including Econometrics at both undergraduate and graduate levels. Teaching Experience 2010-Present Alfaisal University ECN 101 Microeconomics ECN 102 Macroeconomics 201 Introduction to Finance ACC Managerial Finance Corporate Finance International Finance Computer Applications in Finance and Accounting Financial Markets & Institutions MBA MBA MBA MBA MBA Global Environment of Business Corporate Finance Managerial Finance Research Project Contemporary Economic & Financial Issues Zayed University BUS 125 Global Cultures of Business BUS 499 Capstone Supervision BUS 488 Keystone Dissertation ECN 101 Foundations of Micro-economics ECN 102 Macro-economics 301 Principles of Finance 308 Financial Management 311 Corporate Finance 324 International Finance BUS 421 Internship EMBA EMBA EMBA Managerial Economics Corporate Finance International Finance and Banking Page 3

4 E X E C U T I V E P R O G R A M S Zayed University, Dubai, UAE Delivery of executive workshops to professional managers for a variety of different public and private sector companies. Courses include: Certified Management Account (CMA) Certified in Financial Management (CFM) held in Dubai, Certified Diploma in Management (UK) held in Abu Dhabi Units covered: (i) Decision theory and operational decision analysis (ii) Investment decision analysis (iii) Quantitative methods and decision analysis (iv) Microeconomics (v) Macroeconomics (vi) International business environment (vii) Domestic institutional business environment (viii) Working capital policy and management (ix) Long-term finance and capital structure (x) Organisational structure, management and communication (xi) Managing by budget (xii) Making a financial case (xiii) Understanding finance (xiv) Management accounting for managers (xv) Presenting numerical data (xvi) Analytical systems/tools (xvii) Spreadsheets for managers Design and delivery of several Corporate Managerial Finance 4-day courses for managers held in Abu Dhabi for ADGAS and GASGO; Studying the methods involved in valuing a project or a corporation, making financial decisions that affect value, and Identifying areas of growth in line with investor s expectations. Emirates Bank International management courses: performance measurements; health and safety; and customer requirements. Partnership with IFS School of Finance, UK, originally the Chartered Institute of Bankers. Working with the Central Bank of Dubai and National Bank of Abu Dhabi. MacQuarie University Applied Finance Centre, Financial Modeling. Page 4

5 Curtin University of Technology ECN 101 Micro-economics ECN 102 Macro-economics 301 Principles of Finance 308 Managerial Finance 311 Corporate Finance International Finance Money & Capital Markets Portfolio Analysis Bank Lending International Money Markets & Trade Commercial Banking Unit Coordinator for Finance Introductory 201 and 501, on-shore and offshore campuses, (Hong Kong, Malaysia and Singapore) and Distance Learning for Undergraduate and Graduate levels Financial Modeling for Monash University (adjunct) University of Notre Dame, Fremantle, Western Australia Lecturer (adjunct) in Economics and Finance, Undergraduate and Postgraduate levels. Including teaching post-graduate students from Notre Dame, Indiana, USA. Managerial Economics, Corporate Financial Analysis, Quantitative Techniques and Financial Analysis Edith Cowan University, Western Australia Unit controller/lecturer (adjunct), in Environmental Economics Lecturer (adjunct) in Economics and Business Statistics Murdoch University, Western Australia Lecturer (adjunct) in Financial Markets, Quantitative Techniques, and International Money Markets and Trade. Emigrated to Perth, Western Australia 1991 with my wife and our four children. Page 5

6 P R O F E S S I O N A L E X P E R I E N C E I N E N G L A N D. Professional Teaching Positions (England) 1991 University of Brunel, London, England. Tutor in Finance and Economics Head of Commerce Department Reeds College, Cobham, Surrey, England Instructor/Lecturer of Economics and Business, St. George s College, Weybridge, Surrey. England. Professional Industrial Positions (England) Whitbred plc. Faulkners Midlands Bank plc. Local Government Transportation and Delivery Manager Organising staff and stock. Building Construction Operative Work experience in routine financial procedures and accounting. Recreation and Tourism. Marketing experience. R E S E A R C H I N T E R E S T S Empirical analysis in non-linear general autoregressive models in the areas of equity, fixed interest rate securities and foreign exchange markets. R E C E N T R E S E A R C H P U B L I C A T I O N S S I N C E J U N E PEER-REVIEWED JOURNAL PUBLICATIONS Budd, B. Q. (2015). Structural Break Tests and the Greek Sovereign Debt Crisis: Revisited. Journal of Economics and Finance (accepted August 2015). Budd, B.Q. and Budd, C.R., (2015). Asia-Pacific Region Stock Market Volatility: A DCC-EGARCH Model Analysis. International Research Journal of Finance and Economics, January: 129: pp7-15. Budd, B.Q., and McCrohan, D., (2015). The 2011 US Debt Ceiling Debacle Multivariate GARCH-in- Mean Analysis. Journal of Business and Policy Research (JBPR), Dec., Vol. 11. Budd, B.Q. (2014),. A Multivariate Investigation of the Volatilities and Co-volatilities of equity Markets between Australia and Three Major Asian Pacific Equity Markets. Social Science Research Network SSRN-id , August Page 6

7 Budd, B.Q., (2013), Investigating MENA Banks Efficiency Performances Using Website Traffic, International Journal of Emerging Markets. ISBN , Vol.8. Issue 3. Budd, B.Q., (2012). A Random-walk Through the Saudi Arabian Financial Market Is the Tadawul Efficient? Journal of Finance and Accountancy; Vol.10. pp Budd, B.Q., (2012). Website Data and Uses For Strategic Marketing A Commercial Experience, International Journal of Management and Information Systems, Vol.16, No.3. (2012), pp Budd, B.Q., and McCrohan, D. (2012). Sensitivity of Sector Risk-return Relationships in the Saudi Arabian Stock Market, International Research Journal of Finance and Economic. Issue 85, pp Budd, B.Q. (2012). Source Engine Marketing: A Preliminary Empirical Analysis of Web Search Data, Journal of Management and Marketing, Vol. 11, pp Budd, B.Q., Al-Sugair, F., and Al-Salloum, A. (2012). Saudi Arabian Commercial Banks Market Sensitivity: A View Through Rolling Sub-samples, Asian Economic and Financial Review, Vol.2, No. 4, pp Budd, B.Q., and Budd, D. (2011). Value-relevance of Internet Web Traffic and Revenue on Top Arab Banks Comparative Efficiency Performances, International Business and Economic Research Journal., Vol.10, No. 2, February, pp Budd, B.Q. (2009). The Consideration of Off-balance Sheet Activities of Emerging Banking Performances Within the UAE, International Journal of Business and Emerging Markets, Vol.4 No.4, pp Budd, B.Q. and Budd D.B. (2007). A Preliminary Empirical Investigation of brick-to-click Banking Presence in the United Arab Emirates, Journal of Internet Banking and Commerce, Vol.12, No, 2, August, pp.1-8. Budd, B.Q. and Budd C.R. (2007). Does Efficiency Matter When Profits are High? International Economics and Finance Journal. Vol.2, No.1-2 Jan-Dec pp Budd, B.Q., Budd C.R. and Wilson, K.(2005). Local Banking in the United Arab Emirates: A Comparative Analysis. The Arab Bank Review, Vol.7, No.1. April, pp Budd, B.Q. and Budd, C.R. (2005). A Non-parametric Analysis of Efficiency Performances: The Case of United Arab Emirates Banks. The International Business and Economics Research Journal. Vol.3, No.10, pp Page 7

8 C O N F E R E N C E P U B L I C A T I O N S S I N C E J U N E Budd, B. Q. and McCrohan, D. (2014). Best Finance Paper Award. Asia-Pacific Region Stock Market Volatility. The 29th International Business Research Conference. World Business Institute held in Sydney, Australia November. Budd, B.Q. (2011). Ranking efficiency units in DEA using bootstrapping: an applied analysis of Arab banks data. Data Envelopment Analysis Conference, Melbourne, Australia, August. Budd, B. Q. (2010). Best Accounting, Finance and Economics Paper Award. Best Overall Academic Paper Award. Investigating MENA Banks efficiency performances using website traffic AIB-MENA Conference, Manara-Reigniting Growth,, December 2010, Dubai, UAE. Budd, B. Q. (2007). An Investigation Of Internet Banking User Behaviour In The United Arab Emirates using Structural Equation Modeling. The 20th Australian Finance and Banking Conference, 12th 14th December 2007, Sydney, Australia. Budd, B. Q. (2007). A Preliminary Empirical Investigation of brick-to-click Banking Presence in the United Arab Emirates. Conference of International Management and Internet Research. Edith Cowan University, Joondalup, Western Australia 6th -7th November ISBN: Budd, B. Q. (2007). An Investigation of Internet Banking Presence in the United Arab Emirates. The 36th Australian Conference for Economists. Hobart, Tasmania, Australia, 23rd 26th September. Budd, B. Q. (2007). An Analysis Of The Relevance Of Off-Balance Sheet Items in Explaining Productivity Change In Middle East County Banking. The Joint Middle East Business and Economic Review Conference, Dubai, U.A.E., March. Budd, B. Q. (2007). Trust me, I m Your Internet Banker!. The Joint Middle East Business and Economic Review Conference, Dubai, UAE. March 2007 Budd, B. Q. (2006). An Analysis of Efficiency Performance and Productivity Change in UAE Local Banks The 19th Australasian Finance and Banking Conference, Sydney, Australia. December Budd, B. Q. (2006). The Case of UAE Local Banks? The 35th Australian Conference of Economists, Curtin University of Technology, Perth, Western Australia th September. Budd, B. Q. and Wilson. K. (2005). Does Local Banking in the United Arab Emirates: A Comparative Analysis. Global Finance Conference, Trinity College Dublin, Ireland. ISBN: June Page 8

9 Budd, B. Q. (2005). Basel II Capital Accord and the United Arab Emirates Banks: An Efficiency Perspective. Annual Meeting of American Academy of Accounting and Finance, in Chicago, Illinois, March P R E S E N T T E A C H I N G I N T E R E S T S 2012 Harvard Business School, Harvard University. Executive course development in global business, concentration on Finance and Microeconomics structure curriculum development, designed by Dr. Michael Porter, Harvard Business School. The emphasis of the course was linking microeconomics with management to enhance value creation for the company. Certified Financial Analyst (CFA) P R E S E N T R E S E A R C H I N T E R E S T S Fat Tails, Volatility Clustering and Leverage Effects of MENA Stock Markets. Oil Price Meteor Wave Effects on the Kingdom of Saudi Arabia Financial Market. Unemployment in MENA, special focus on Saudisation in Kingdom of Saudi Arabia Public Companies Structure of Capital under Zakat and Al-Riba in MENA countries. R E C E N T R E S E A R C H G R A N T S 2013 SAGIA, in collaboration with Dr. Kafaji, (Principal Investigator), a research grant of SAR 408, 000. Objective of this research is to evaluate the competitive investment environment according to the methodology of the World Economic Forum 2013 Application for Global Entrepreneurial Monitor (GEM) SAR 824,000 annual funding. Collaboration with KACST, BADIR. National study to capture and understand the level of entrepreneurial activity in KSA and its link with job creation in the nation Research Incentive Fund AED15,000. Impact of Internet banking on Arab Banks' Comparative Efficiency Performances (October) Research Award US$280,000. Collaboration with Thunderbird, Arizona, USA. Analysis of cultural and economic development in UAE. Case Studies methodological approach analysis Research Incentive Fund AED 22,000. Diffusion of Electronic banking adoption. Page 9

10 2007 Research Incentive Fund AED17,500. A preliminary empirical Investigation of electronic banking presence in the United Arab Emirates Research Incentive Fund, individual research grant of, AED 15,000. R E C E N T E X E C U T I V E P R O G R A M S 2011 National Bank of Abu Dhabi, Islamic Banking, Bank Lending. (June/July) National Bank of Abu Dhabi Financial Markets; Credit and Risk Management (UK). (February/April) Central Bank of Dubai, Banking & Risk Management (June 2009) Partnership with IFS School of Finance, UK, originally the Chartered Institute of Bankers Collaborative work with Heriot-Watt University, (Scotland), Finance & Banking (UK). (June). R E C E N T U N I V E R S I T Y A N D C O L L E G E C O M M I T T E E S A N D S E R V I C E S University Standing Committee for Research University Standing Committee for Library University Committee for New Dean of College of Business College of Business Committee for Research (Chair) College of Business Committee for Accreditation College of Business Committee for Curriculum Development College of Business Committee for College Faculty Recruitment (Chair) College of Business Committee for Undergraduate Studies Dubai Eye, Radio presentation. Panel of Experts, Discussion White Paper proposal for GCC Tax levy on tabacco. Dubai, UAE April 2013 Tadawul, (Saudi Arabia Stock Exchange) consultation for executive program Public marketing/recruiting COB future students Open Days. Page 10

11 T E A C H I N G A W A R D S 2012 College of Business Runner-up for Best Graduate Faculty Teacher Award College of Business Runner-up for Best Research Faculty Award College of Business Runner-up for Best Undergraduate Faculty Teacher Award College of Business Runner-up for Best Services to College of Business Award Best Accounting, Finance and Economics Paper Award and Best Overall Conference Paper Award, AIB-MENA Conference, Manara-Reigniting Growth, December, Dubai, UAE MacQuarie University Applied Finance Centre, Financial Modeling. December Best Faculty Teaching Award College of Business Sciences Finalist for the Dubai Economic Research Award (DERA Award High Commendation), April Top Finalist Best Faculty Teaching Award College of Business Sciences 2005 S P E C I A L R E S E A R C H I N T E R E S T S MENA banks performance and efficiency Markets and Equity performances Internet Source Engine Marketing Labour Economics M E M B E R S H I P O F P R O F E S S I O N A L O R G A N I S A T I O N S American Economic Association, Australian Institute of Banking and Finance, European Financial Management Association, Middle East Economic Association. Reviewer for: The Middle East Business and Economic Review Applied Financial Economics Marketing Intelligence and Planning Page 11

12 S U P E R V I S I O N 45 final year College of Business capstone reports (applied research projects of 10,000-15,000 words). 14 MBA Finance Capstone Research Projects Gary Nolan International Expansion by the Banking and Finance Industry Sector: Strategy Analysis and key Strategic Decisions An Australian Perspective RMIT University, Graduate School of Business and Law, Melbourne, Australia Nagaratnam Jeyasreedharan (Dr.) Curtin University of Technology Doctor of Philosophy (Finance). PhD Thesis: The Extremal Expectations Hypothesis (using S- Plus and S+Finmetrics). C A R E E R G O A L S My ambition is to further develop my career in tertiary education with an organization that gives me opportunities to utilize and enhance my academic leadership and administrative skills and knowledge. Ideally, the organization should have a dynamic, interesting and challenging outlook and be community focused. Page 12