Publications

International Conferences
• Raza, H., & Zada, H. Navigating the ESG landscape: Corporate strategies and sectoral trends in the S&P 500. The Business and Management Review, 15(2). 14-25. https://cberuk.com/cdn/conference_proceedings/2024-09-20-18-47-41-PM.pdf
  


• International Conference: Raza, H., (2023) Stock Price Prediction Using Machine Learning: Evidence from Pakistan Stock Exchange (Best Paper Award)
  


• Dynamics of Cost of Equity, A Comparative Study between Developed and Emerging Countries (2017). International Business Conference, Virginia International University USA
  

International Journals
• Raza, H., Shah, S. A., & Malik, A. S. (2015). Day of the Week Anomaly and Market Efficiency: Evidence from KSE Pakistan. International Journal of Business and Social Science, 6 (9), 22-29
  


• Saleem, A. Malik, Raza, H. (2016). Capturing effect of exchange rates on Exports: A case from Developing Economy. International Journal of Humanities and Social Sciences, 6(3), 112-121.
  


• Shah, S. A., Raza, H., & Mustafa Hashmi, A. (2022). Downside risk-return volatilities during Covid 19 outbreak: a comparison across developed and emerging markets. Environmental Science and Pollution Research, 1-13. https://doi.org/10.1007/s11356-022-20715-y
  


• Baloch, Q. B., Maher, S., Shah, S. N., Sheeraz, M., Iqbal, N., & Raza, H. (2022). Revitalization of tourism and hospitality sector: preempting pandemics through lessons learned. Environmental Science and Pollution Research, 1-13. https://link.springer.com/content/pdf/10.1007/s11356-022-21392-7.pdf
  


• Raza, H., Hamid, Z., Shah, S. A., & Khan, S. (2021). Firm and Industry Specific Determinants of Capital Structure: Empirical Evidence from the Listed Industrial Sectors of Pakistan. Indian Journal of Economics and Business, 20(2), 877-891 http://www.ashwinanokha.com/resources/58.%20Capital%20Structure%20Paper%20for%20IJEB.pdf
  


• Raza, H., Saeed, S., & Hassan, S. (2021). A Comparative Study on the Industrial Augmented Global CAPM and Global CAPM: Evidence from developed markets. Indian Journal of Economics and Business, 20(1), 569-579 http://www.ashwinanokha.com/resources/v20-4%20-%2021-97.%20dr%20shazia.pdf
  


• Máté, D., Raza, H., & Ahmad, I. (2023). Comparative Analysis of Machine Learning Models for Bankruptcy Prediction in the Context of Pakistani Companies. Risks, 11(10), 176. https://www.mdpi.com/2227-9091/11/10/176
  


• Máté, D., Raza, H., Ahmad, I., & Kovács, S. (2024). Next step for bitcoin: Confluence of technical indicators and machine learning. Journal of International Studies, 17(3), 68-94. doi:10.14254/2071-8330.2023/17-3/4
  


• Raza, H., & Akhtar, Z. (2024). Predicting stock prices in the Pakistan market using machine learning and technical indicators. Modern Finance, 2(2), 46-63. https://doi.org/10.61351/mf.v2i2.167
  


• Rahman, Z. U., Wong, W. K., Khan, N., Zada, H., & Raza, H. (2024). Economic policy uncertainty in the United States: Does it matter for equity, commodity and cryptocurrency markets? Asian Academy of Management Journal of Accounting and Finance, 20(2), 85–119. https://doi.org/10.21315/aamjaf2024.20.2.3
  


• Kaleem, M., Raza, H., Ashraf, S., Almeida, A. M., & Machado, L. P. (2024). Does ESG Predict Business Failure in Brazil? An Application of Machine Learning Techniques. Risks, 12(12), 185. https://doi.org/10.3390/risks12120185
  


• Arshad, R., Zada, H., Sohag, K., Wong, W. K., Ullah, E., & Raza, H. (2024). Does US monetary policy uncertainty affect returns of Asian Developed, emerging, and frontier equity markets? Empirical evidence by using the quantile-on-quantile approach. Heliyon, 10(12). https://doi.org/10.1016/j.heliyon.2024
  

National Conferences
• Impact of Political Instability and Terrorism on stock returns: Evidence from Pakistan, 2nd International Conference on Emerging Trends in Management organized by Mohammad Ali Jinnah University Islamabad
  


• Predicting Business Failures. 2nd International Conference of AGBA South Asia Chapter organized by COMSATS Institute of Information Technology Islamabad
  


• The International Conference on Local and Global Challenges in Emerging Markets (2010) organized by Superior University Lahore
  


• Dynamics of Cost of Equity, Extended Hybrid CAPM. SDSB Doctoral Colloquium 2017 organized by Lahore University of Management Sciences
  

National Journals
• Raza, H., Malik, Shafaq. (2013). Impact of Political Instability and Terrorism on stock returns: Evidence from Pakistan. Jinnah Business Review 1(2), 47-54
  


• Shah, S. A., & Hassan, R. (2014). A Comparative Analysis of Stock Return through VaR: Varriance Co-Varriance and Historical Simulation Method (Empirical Evidence form KSE-100) . NUML Journal of Management & Technology, 9 (1), 5-20.
  


• Raza, H., Hashmi, A. M. (2021) An Investigation of Volatility Transmission and Hedging Opportunities of Cryptocurrencies towards other Financial Assets. NICE Research Journal, 14(2). http://nicerjss.com/index.php/JFME/article/view/266
  


• Zeb, S., Shah, A., I., Rashid, A., Raza, H. (2021) Impact of Corporate Social Responsibility and Corporate Governance on Firm Performance. Journal of Business & Economics 13(1), 18-34. https://journals.au.edu.pk/ojs/index.php/jbe/issue/view/27/156
  


• Shah, S. A., Raza, H., & Hashmi, A. (2020). Asset Pricing Through Downside Risk-Based Arbitrage Pricing Theory: Empirical Evidence from Pakistan Stock Exchange. Abasyn Journal of Social Sciences. 13(2), 485-498. http://ajss.abasyn.edu.pk/article?paperID=308
  


• Raza, H., Hashmi, A. M., & Rasheed, A. (2020). On the Estimation of Cost of Equity using Industrial CAPM Approach. NICE Research Journal, 13(2), 84-94. https://doi.org/10.51239/nrjss.v0i0.176
  


• Raza, H., Hassan, A., & Gul, F. (2020). Does Pakistan Stock Exchange Pay to Bet Against the Beta?. CITY UNIVERSITY RESEARCH JOURNAL, 10(1), 167-176 http://cusitjournals.com/index.php/CURJ/article/view/354
  


• Shah, S. A., Raza, H., & Mustafa Hashmi, A. (2022). Corporate Governance and Corporate Financial Failures: Evidence from Pakistan Stock Exchange (PSX). International Journal of Management Research and Emerging Sciences, 48-59. https://ijmres.pk/index.php/IJMRES/article/view/193/182
  


• Raza, H., Hamid, Z., Mustafa A, H, & Shah, S. A. (2022). The Dynamic Connectedness and Risk Integration of Cryptocurrency Policy Uncertainty and Cryptocurrency Price Returns. JOURNAL OF BUSINESS & ECONOMICS, 14(1), 01-13. https://journals.au.edu.pk/ojs/index.php/jbe/issue/view/37/200
  


• Mehwish K; Hashim J; Raza, H; Misbah S; Ahmad H (2024) : A machine learning approach to predict bankruptcy in Chinese companies with ESG integration, Pakistan Journal of Commerce and Social Sciences (PJCSS), ISSN 2309-8619, Johar Education Society, Pakistan (JESPK), Lahore, Vol. 18, Iss. 2, pp. 335-357. https://www.econstor.eu/bitstream/10419/301671/1/1898196559.pdf (X-Category)
  


• ? Mehwish K; Hashim J; Raza, H; Misbah S; Ahmad H (2024) : A machine learning approach to predict bankruptcy in Chinese companies with ESG integration, Pakistan Journal of Commerce and Social Sciences (PJCSS), ISSN 2309-8619, Johar Education Society, Pakistan (JESPK), Lahore, Vol. 18, Iss. 2, pp. 335-357. https://www.econstor.eu/bitstream/10419/301671/1/1898196559.pdf
  


• Raza, H., & Akhtar, Z. (2024). Stock Price Prediction Using Machine Learning: Evidence from Pakistan Stock Exchange. NUML International Journal of Business & Management. 19(1), 1-26. https://nijbm.numl.edu.pk/index.php/BM/article/view/197/72
  


• ? Hamid, Z., Zaman, K., & Raza, H. (2022). Qualitative Study of Individuals Behavioural Biases toward Buying Decision of Financial Products: Evidence from Pakistani Stock Market. Foundation University Journal of Business & Economics, 7(2), 1-15. https://fui.edu.pk/fjs/index.php/fujbe/article/download/683/248
  


• Hashmi, A.M., Raza, H.,Shah, S,A.,Zubair, M& Adil, M. (2022). The dynamics of Industrial Level Volatility Spillovers in Emerging Equity Market: Evidence from PSX. Competitive Social Sciences Research Journal (CSSRJ), 3(1), 510-539. https://cssrjournal.com/index.php/cssrjournal/article/view/318/117
  


• Shah, S. A, Khan, M, & Raza, H. (2019). Pricing Downside Risk in Arbitrage Pricing Theory: A Comparison Across Emerging and Developed Markets. NUML Journal of Business and Management 14(2)
  


• Raza, H, Hassan, A, & Rashid, A. (2019). The Impact of Downside Risk on Expected Return: Evidence from Emerging Economies. The Lahore Journal of Business 8(1)
  


• Raza, H. (2018). Is D-CAPM Superior to CAPM: The Case of PSX. NUML Journal of Business and Management 13(1)
  


• Misbah, N. Raza, H., Mubarik, F. (2018). Determinants of Profitability of Banking Industry in Pakistan. NICE Research Journal 11(2)
  


• Mashkoor, A. Raza, H. (2016 ). Impact of Judicial Efficiency on Financial Leverage. Jinnah Business Review 4(2), 38-49