Teaching and Research Interests

• Banking & Finance
• Business Education

Type	Program	Institution	Year
Advanced Studies	Post Doctoral Studies / Fulbright, U.S. State Department Scholar	Harvard University	2010
PhD	Finance	Henley Business School	2002
M.Sc.	Management Science	Iscte Business School	1996
Licenciate	Business Administration	European University	1993

Curricular Courses

Supervisions

Phd Thesis

Xiaoran Lin, "Effect of diversity on Chinese bank risk", Mohamed Azzim Gulamhussen, Phd Thesis, Concluded, 2024

Luis Miguel Nunes Barbosa, "The role of signaling in the external financing of nascent firms", Mohamed Azzim Gulamhussen, Phd Thesis, Concluded, 2022

Alberto Razul, "Management Incentives and Corporate Strategies of Banks", Mohamed Azzim Gulamhussen, Phd Thesis, Concluded, 2021

José Filipe Guimarães Ferreira de Abreu, "The effectiveness of regulatory pressure in the context of the financial crisis", Mohamed Azzim Gulamhussen, Phd Thesis, Concluded, 2012

Carlos Manuel da Silva Pacheco Pinheiro, "Essays on cross-border banking", Mohamed Azzim Gulamhussen, Phd Thesis, Concluded, 2011

Samuel José da Rocha Lopes, "Essays on credit risk management for firms", Mohamed Azzim Gulamhussen, Phd Thesis, Concluded, 2009

Elisabete Gomes Santana Félix, "Decisões de Desinvestimento por Parte das Empresas de Capital de Risco", Mohamed Azzim Gulamhussen, Phd Thesis, Concluded, 2008

Maria Manuela Martins dos Santos Domingos Nunes Ferreira, "", Mohamed Azzim Gulamhussen, Phd Thesis,

João Nuno Salgado Regra, "The true value of investment banks as financial advisors in Mergers and Acquisitions (M&A)", Mohamed Azzim Gulamhussen, Phd Thesis,

Master Thesis

Paul Rémi Pierre Delmas, "O papel dos bancos de investimento na avaliação de grandes empresas do sector automóvel para efeitos de OPI, com uma perspetiva específica sobre a OPI da Porsche AG.", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2023

Nicolas Marc Pierre Bourdin, "ESG e Avaliações Bancárias: Evidências Empíricas da Europa, Japão e Estados Unidos", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2023

João Pedro Gamboia Fonseca, "Determinantes de margem de crédito em project finance: um estudo empírico sobre diversificação geográfica dos sindicatos bancários", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2023

Sara Moreira Andrade, "Remuneração dos CEOs nos Bancos Globais Sistemicamente Importantes", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2020

Eduardo Naiene, "Avaliação de Imóveis com Recurso a Modelos Financeiros e Não-Financeiros: Estudo de um caso", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2015

Nelson Arnaldo Ocuane, "Modelo de Criação de um Fundo Soberano", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2013

Helena de Fátima Bastos Ribeiro Pereira de Atouguia de Alvarenga, "Do Credit Rating Notations Affect U.S. Comercial Banks' Leverage Levels? New findings on the effects of the financial crisis", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2013

Fulgêncio Mangaveni Ricardo Matlombe, "Avaliação de Empresas: Caso da Sociedade de Veículos Motorizados", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2012

Joana Machado Guerra, "Executive Compensation in Banking.", Mohamed Azzim Gulamhussen, Master Thesis, Concluded, 2010

Francisco Magalhães Pinto, "JP Morgan Chase & Co - Avaliação de Empresa", Mohamed Azzim Gulamhussen, Master Thesis,

Ankush Acharya, "null", Mohamed Azzim Gulamhussen, Master Thesis,

Samuel Alexandre Torgal Cavaco, "Venture Capital: Screening and Decision Making. A Bibliometric Literature Review", Mohamed Azzim Gulamhussen, Master Thesis,

João Pedro Dinis Periquito, "Avaliação de Capital Próprio: Corticeira Amorim SGPS SA", Mohamed Azzim Gulamhussen, Master Thesis,

Ravina Bhaguiachandra, "O papel da informação financeira e não financeira em empreendimentos apoiados por capital privado", Mohamed Azzim Gulamhussen, Master Thesis,

Ana Margarida Nascimento das Dores, "Avaliação de bancos em dificuldades: O caso do Credit Suisse AG", Mohamed Azzim Gulamhussen, Master Thesis,

Final Project

Pedro Ricardo Gonçalves Ferreira Marques, "Bank Relationships and Firms Performance: The case of Small and micro firms", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2013

Malik Ismail Alidina, "Aprovação do Regulamento que Transpõe o Acordo Basileia II: O caso dos bancos dos Estados Unidos da América", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2012

Diogo Gonçalo Abrantes Alves, "Market Reaction to the Adoption of Basel Accords in the European Banking Industry", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2012

Marta Isabel Guerra Alves, "Bank Failures in Europe During the Financial Crisis", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2012

Vanessa Andreia da Silva Picareta, "Strategic Growth Option Under the Threat of Cournot, Bertrand and Stackelberg Competition", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2012

Agostinho Alice Ossumane Domingos, "Governação Empresarial nas Filiais de Grandes Empresas em Países em Desenvolvimento: O caso da Mozal em Moçambique.", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2010

Paulo Guilherme Soares de Oliveira, "Custo de Capital Internacional", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2010

Marta Ferreira dos Santos Cansado Paes, "IDE Português em Moçambique: O Caso Vinicala.", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2010

Sílvia Maria Ferreira Marques dos Santos Fonte Santa, "Corporate Governance in Banking - Women in Bamk Boarddrooms and their Influence on Performance and Risck-Taking.", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2009

João Paulo Batista Safara, "Finanças Islâmicas - Estruturação de Produtos de Investimento.", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2009

Áurea Filipa da Ponte Coutinho Marques, "Why Standard Risk Models Failed in the Subprime Crisis?", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2009

João Filipe Gonçalves de Jesus, "Project Finance International: Impacto do Risco na Determinação do Custo de Capital: Estudo de Caso.", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2009

Carla Teresa Fernandes, "Corporate Governance in Banking:The Portuguese Case.", Mohamed Azzim Gulamhussen, Final Project, Concluded, 2009

Rúben Manuel Silva Carvalheda Martins, "Equity Valuation: Qualcomm Inc.", Mohamed Azzim Gulamhussen, Final Project,

Scientific Articles in International Journals

Yildirim, C., Kasman, A. & Gulamhussen, M. A. (2023). Efficiency of multinational banks: Impacts of geographic and product loci. International Business Review . 32 (5), Ciência-IUL

Duarte, F. D., Gama, A. P. M. & Gulamhussen, M. A. (2020). Credit risk, owner liability and bank loan maturities during the global financial crisis. European Financial Management. 26 (3), Ciência-IUL

Abreu, J. F., Alves, M. G. & Gulamhussen, M. A. (2019). State interventions to rescue banks during the global financial crisis. International Review of Economics & Finance. 62, 213-229, Ciência-IUL

Duarte, F. D., Gama, A. P. M. & Gulamhussen, M. A. (2018). Defaults in bank loans to SMEs during the financial crisis. Small Business Economics. 51 (3), 591-608, Ciência-IUL

Gulamhussen, M. A., Pinheiro, C. & Pozzolo, A. F. (2017). Do multinational banks create or destroy shareholder value? A cross-country analysis. Financial Markets Institutions and Instruments. 26 (5), 295-313, Ciência-IUL

Gulamhussen, M. A., Hennart, J. F. & Pinheiro, C. (2016). What drives cross-border M&As in commercial banking?. Journal of Banking and Finance. 72, S6-S18, Ciência-IUL

Gulamhussen, M. A. & Santa, S. F. (2015). Female directors in bank boardrooms and their influence on performance and risk-taking. Global Finance Journal. 28, 10-23, Ciência-IUL

Abreu, J. F. & Gulamhussen, M. A. (2015). The effectiveness of regulatory capital requirements prior to the onset of the financial crisis. International Review of Finance. 15 (2), 199-221, Ciência-IUL

Gulamhussen, M. A., Pinheiro, C. & Pozzolo, A. F. (2014). International diversification and risk of multinational banks: evidence from the pre-crisis period. Journal of Financial Stability. 13, 30-43, Ciência-IUL

Bhimani, A., Gulamhussen, M. A. & Lopes, S. R. (2014). Owner liability and financial reporting information as predictors of firm default in bank loans. Review of Accounting Studies. 19 (2), 769-804, Ciência-IUL

Félix, E., Pires, C. & Gulamhussen, M. A. (2014). The exit decision in the European venture capital market. Quantitative Finance. 14 (6), 1115-1130, Ciência-IUL

Gulamhussen, M. A. & Lavrador, I. M. M. (2014). Internal capital markets and the funding of subsidiaries of multinational banks. International Finance. 17 (3), 357-380, Ciência-IUL

Félix, E. G. S., Pires, C. P. & Gulamhussen, M. A. (2013). The determinants of venture capital across Europe: evidence across countries. Journal of Financial Services Research. 44 (3), 259-279, Ciência-IUL

Clare, A., Gulamhussen, M. A. & Pinheiro, C. (2013). What factors cause foreign banks to stay in London?. Journal of International Money and Finance. 32 (1), 739-761, Ciência-IUL

Bhimani, A., Gulamhussen, M. A. & Lopes, S. R. (2013). The role of financial, macroeconomic, and non-financial information in bank loan default timing prediction. European Accounting Review. 22 (4), 739-763, Ciência-IUL

Abreu, J. F. & Gulamhussen, M. A. (2013). Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis. Journal of Corporate Finance. 22 (1), 54-65, Ciência-IUL

Abreu, J. F. & Gulamhussen, M. A. (2013). The stock market reaction to the public announcement of a supranational list of too-big-to-fail banks during the financial crisis. Journal of International Financial Markets, Institutions & Money. 25 (1), 49-72, Ciência-IUL

Gulamhussen, M. A., Pinheiro, C. & Sousa, R. (2012). The influence of managerial ownership on bank market value, performance, and risk: evidence from banks listed on the stoxx global index. Journal of International Financial Management and Accounting. 23 (2), 121-153, Ciência-IUL

Gulamhussen, M. A. (2012). FDI in investment banking. Thunderbird International Business Review. 54 (6), 921-934, Ciência-IUL

Aguiar, S., Aguiar-Conraria, L., Gulamhussen, M. A. & Magalhães, Pedro (2012). Foreign direct investment and home-country political risk: the case of Brazil. Latin American Research Review. 47 (2), 144-165, Ciência-IUL

Bhimani, A., Gulamhussen, M. A. & Lopes, S. D. R. (2010). Accounting and non-accounting determinants of default: an analysis of privately-held firms. Journal of Accounting and Public Policy. 29 (6), 517-532, Ciência-IUL

Bhimani, A., Gulamhussen, M. A. & Lopes, S. (2009). The effectiveness of auditor's going concern evaluation as an external governance mechanism: evidence form bank loan defaults. International Journal of Accounting. 44 (3), 239-255, Ciência-IUL

Gulamhussen, M. A. (2009). A theoretical perspective on the location of banking FDI. Management International Review. 49 (2), 163-178, Ciência-IUL

Gulamhussen, M. A. & Guerreiro, L. (2009). The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks. Management Accounting Research. 20 (1), 6-17, Ciência-IUL

Casson, M., Dark, K. & MA Gulamhussen (2009). Extending internalisation theory. International Business Review . 18 (3), 236-256, Ciência-IUL

Gulamhussen, M. A. (2007). Choice of scale by banks in financial centers. International Business Review . 16 (4), 507-525, Ciência-IUL

Esperança, J. P., Gama, A. P. M. & MA Gulamhussen (2003). Corporate debt policy of small firms: an empirical (re)examination. Journal of Small Business and Enterprise Development. 10 (1), 62-80, Ciência-IUL

Esperança, J. & Gulamhussen, M. A. (2002). A note on foreign bank investment in the USA. Applied Financial Economics. 12 (1), 39-46, Ciência-IUL

Esperança, J. & MA Gulamhussen (2001). (Re)Testing the 'follow the customer' hypothesis in multinational bank expansion. Journal of Multinational Financial Management. 11 (3), 281-293, Ciência-IUL

Books

Reto, L., Esperança, J., MA Gulamhussen, Machado, FL & Costa, AF (2012). Potencial Económico da Língua Portuguesa. Lisboa. Texto., Ciência-IUL

Esperança, J., Reto, L., MA Gulamhussen, Machado, F. L. & Costa, A. F. (2012). O valor da língua portuguesa: uma perspetiva económica e comparativa. Lisboa. Instituto Internacional de Macau e Observatório da Língua Portuguesa., Ciência-IUL

Gulamhussen, M. A. (2009). O investimento internacional no sector da banca. Lisboa. Bnomics., Ciência-IUL

Conraria-Aguiar, S. & Gulamhussen, M. A. (2009). O impacte do risco político sobre o investimento directo estrangeiro. Lisboa. Edições Sílabo., Ciência-IUL

Book Chapters

Dark, K. & Gulamhussen, M. A. (2010). Imperialism and the entrepreneurial state. In Mark Casson (Ed.), Entrepreneurship: theory, networks, history. (pp. 326-371). Cheltenham: Edward Elgar Publishing Ltd., Ciência-IUL

Buckley, P., Casson, M. & Gulamhussen, M. A. (2005). Internationalisation - real options, knowledge management and the upssala approach. In Real Options and International Investment. Cheltenham: Edward Elgar., Ciência-IUL

Casson, M. & Gulamhussen, M. A. (2004). Internationalisation - real options, knowledge management and the uppsala approach. In The Challenge of International Business. (pp. 54-82). London: Palgrave Macmillan., Ciência-IUL

Buckley, P., Casson, M. & Gulamhussen, M. A. (2002). Internationalisation - real options, knowledge management and the uppsala approach. In Havila, V., Forsgren, M. and Hakansson, H. (Ed.), Critical Perspectives on Internationalisation. (pp. 229-261). Amsterdam: Pergamon., Ciência-IUL

Casson, M. & Gulamhussen, M. A. (2000). Real options in international business. In Casson, M. (Ed.), Economics of International Business: A New Research Agenda. (pp. 189-227). Cheltenham: Edward Elgar., Ciência-IUL

International Communications

Oral Presentation

MA Gulamhussen, Pinheiro, C. & Pozzolo, A. (2012). Were multinational banks taking excessive risks before the recent financial crisis?. New York University Solomon Center ., Ciência-IUL

MA Gulamhussen (2009). The optimal timing of foreign direct investment. Harvard University CES Seminar Series., Ciência-IUL

MA Gulamhussen & Razul, A. (2007). Executive compensation: Modelling the costs of alternative pay modes. London School of Economics., Ciência-IUL

MA Gulamhussen (2003). Timing and choice of scale by banks in financial centres. Bank of England Financial Stability Seminar Series., Ciência-IUL

MA Gulamhussen, Ioannides, M. & Singh, K. (1999). A comparative analysis of alternative numerical schemes for pricing bond options. Oxford University Money Macro & Finance Research Group Conference., Ciência-IUL

Casson, M. C. & MA Gulamhussen (1998). Real Options and Foreign Direct Investment. Oxford University International Economists Study Group Conference., Ciência-IUL

Organization and Coordination Events

2nd IIMB Golden Jubilee International Symposium, (2024), (international)

Entfin 2020-22, (2020), (international)

Reinventing Banking and Sustainable Finance, (2019), (international)

Ten Years After The 2008 Financial Crisis, (2018), (international)

Towards an Integrated View of Financial Regulation: Key Lessons from the Crisis and Future Challenges, (2017), (international)

Financial Innovation, Stability and Sustainable Growth, (2017), (international)

2nd Entrepreneurial Finance Conference, (2017), (international)

Risk in Financial Markets and Institutions: New Challenges, New solutions, (2016), (international)

Alternative Futures for Global Banking, (2014), (international)

The Great Recession of 2008-2009, Conventional and Non-conventional U.S. Federal Government Responses, (2013), (international)

Globally Responsible Leadership and Practice - The winning playing field in the 21st century, (2013), (international)

The Future of Banking Regulation, (2012), (international)

Anxiety, Hope and Discipline: The Restoration of Market Confidence, (2011), (international)

Coordinator Research Seminar Series (Track I and II), (2010), (international)

Academic Management Roles

Presidente (2012, 2015)

Director (2012, 2015)

Presidente (2012, 2015)

Presidente (2012, 2015)

Membro (Docente) (2010, 2012)

Membro (Docente) (2010, 2012)

Membro (Docente) (2010, 2012)

Presidente (2010, 2013)

Director (2010, 2012)