Event Name Lecture By Abstract

Department

Date & Time

Location
6th BAESSA Project Student Competition
  Award Ceremony Agenda   Wed. Feb 19th 2020  
Mispricing in the Saudi Equity Market

Dr. Adnan Abu Alhaija
Associate Professor of Finance
 

Department of Finance

Thursday, 8/11/2018

12:00-1:00

Location: BG-68

Mechanism Design from a Social Planner Perspective

Hayat Khan
Assistant Professor of Economics
  Department of Finance

Thursday, 6/12/2018

12:00-1:00

Qusaibi Room (BG-68)
Bond and Option Prices with Permanent Shocks

Haitham A. AL-Zoubi

Haitham A. Al-Zoubi
Professor of Finance

I present a model in which the interest rate reverts to a nonstationary stochastic mean. In my model, the stochastic mean is subject to a sequence of permanent shocks that can better capture the source of nonlinearity in the drift than extant models. I find that the nonstationary mean model provides a better fit to observed interest rates relative to a large number of alternative models.  In particular, the nonstationary mean model outperforms constant elasticity of volatility models. The implied bond option price from the model accounts for the downward bias in existing bond option valuation models. 

Department of Finance

Thursday, 14/3/2019

12:00-1:00

Qusaibi Room (BG-68)

Progress Paradox and Economics of Wellbeing: Measurement or Meaning

Necati Aydin
Professor of Economics

At this seminar, I will review success and failure of macro and micro economic theories and policies in providing higher subjective wellbeing through higher economic production and consumption. At macro level, I will cover the shortcomings of Gross Domestic Products (GDP) as a most commonly used indicator for economic wellbeing in the new era of knowledge and sharing economy. I will share some macro level data and research findings showing paradoxical relationship between income and subjective wellbeing which is known as Easterlin or Progress Paradox which states that at a point in time subjective wellbeing varies directly with income both among and within nations, but over time it does not trend upward as income continues to grow. ​Then, I will discuss the search for alternative measures including Human Development Index (HDI) and Gross Happiness Index (GHI). At micro level, I will cover recent development in cardinal vs ordinal measurement of wellbeing/utility with help of interdisciplinary research between economics, psychology and neuroscience. Finally, I will share my contribution to the literature on this topic in the form of recent publications and active research projects including a forthcoming book.

Department of Finance

Thursday, 18/4/2019

12:00-1:00

Qusaibi Room (BG-68)

The Bullish and the bearish engulfing patterns: Beating the forex market or being beaten?



Ahmed Alanazi
Assistant Professor of Finance

One of the most bizarre dilemmas in financial economics is the contradiction between the random walk theory and the successful applications of technical analysis. The random walk theory or, as coined by Fama (1970, 1991), the Efficient Market Hypothesis (EMH), asserts that asset price reflects all available information. In other words, the EMH suggests that asset price movements are unpredictable. Consequently, technical analyses come to nought and are of no merit. This paper investigates the bullish and the bearish engulfing patterns in the forex spot market among 24 currency pairs between 2000 and 2018. We scan over 148,992 in-sample daily candles and 112,792 out-of-sample four-hour candles for a total of 261,784 candles. We use more than 3 million spot quote observations and consider various adjustments. The findings are of great interest. First, we document the significance of profitability and predictability of technical analysis in the forex market, particularly for the seven major pairs. This presumably lends support to the inefficiency of the forex market; otherwise, there should exist an unknown link between market efficiency and technical analysis profitability. Second, we document the significance impact of transaction costs on technical analysis profitability. This casts doubt on a vast number of studies that ignore transaction costs. Third, we document the superiority of the American dollar over the other major currencies. Overall, our findings suggest that the profitability of technical analysis cannot be explained by the market inefficiency, rather it is linked with behavioural and other trading factors.

Department of Finance

Thursday, 4/4/2019

12:00-1:00

Qusaibi Room (BG-68)

Department & Programs

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Accounting

Accounting is one of the most rewarding careers in business and the one that offers the most opportunities with the lowest risk. The American Institute of Certified Public Accountants (AICPA) describes accounting as "The One Degree with 360 Degrees of Possibilities.

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Finance

The future is bright for finance graduates in Saudi Arabia. The Kingdom of Saudi Arabia has developed many ambitious plans toward achieving its 2030 Vision. Saudi Arabia is transforming the whole nation’s economy from oil dependent economy into more diversified economy.

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Human Resource Management

One of the major challenges facing the Kingdom of Saudi Arabia is the shortage of Saudi Human Resources (HR) managers, experts, and professionals. In addition, organizations, around the world, are increasingly realizing the importance of having quality work-force as their most critical source of competitive advantage.

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Marketing

The marketing concentration provides students with an analytical and comprehensive understanding of marketing. Students will be able to generate, analyze, interpret, and present marketing information that firms and other organizations need to satisfy and keep customers through the development..

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Operations & Project Management

With increasingly competitive businesses environments, corporations are relying on operations and project managers to achieve strategic goals through effective management of innovative solutions.

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Master of Business Administration (MBA)

With the MBA degree, Alfaisal University offers several concentrations designed to meet specific needs of the KSA business community. All of our MBA programs require the same eight core courses plus a minimum of six elective courses.

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Executive Education

The Centre for Executive Education at Alfaisal University College of Business's mission is to serve the community and attend to the professional development needs of individuals and organizations in order to build leadership qualities in the workplace.

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Undergraduate Business Program

The mission of the Bachelor of Business Administration is to develop the intellectual, professional and personal competencies of the students through principled business education and commitment to excellence.

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