Dr Rizwan Ahmed

The Department of Finance
Lecturer in Finance (Assistant Professor)
Programme Director, MSc Financial Management

Contact details

Birmingham Business School
University House
116 Edgbaston Park Road
B15 2TY

Dr Rizwan Ahmed is a Lecturer (Assistant Professor) in Finance at University of Birmingham. Before joining University of Birmingham, he gained wide-ranging teaching and research experience as a lecturer and seminar leader in Cardiff Business School, Birkbeck, University of London, University of Huddersfield, and the University of Hull. Rizwan is a successful  receipient of the Fellowship of HEA – UK in teaching, and has also completed the FinTech program from University of Oxford. In addition, he has a professional qualification from the Chartered Institute of Securities and Investment (CISI-UK) and is an Associate Fellow Member of CISI-UK. Rizwan is experienced in research funding projects in the UK and raised £200,000 with peer members from the Economic and Social Research Council (ESRC) on a joint project with the University of Hull and University of Leicester.

Rizwan's research interests are in sustainable finance, green finance and FinTech. His papers have been published in reputable international journals and are of high impact. His most recent paper has been selected by the World Health Organisation (WHO) on Event Studies associated with Covid19. Further, Rizwan has five years of professional banking experience in two different multinational financial institutions, where he analysed credit data and financial statements to determine the degree of risk involved in extending credit or lending money. His industry experience also enables him to train a broad range of financial business professionals, including SMEs and those in the Corporate sector.

Rizwan welcomes enquiries pertaining to potential consultancy opportunities, corporate training, research collaboration or PhD supervision.


  • Professional Qualification: Diploma in Financial Advisers, London Institute of Banking and Finance (LIBF), 2021.
  • FinTech – 2019
    University of Oxford, Said Business School
  • PhD – Finance, 2018
    Hull University Business School
  • Postgraduate Certificate in University Teaching and Learning, PgCERT, 2018
    Coventry University
  • Postgraduate Research Diploma, 2015
    University of Hull
  • MSc-Finance, 2011
    University of Bradford, School of Management
  • Master of Business Administration (MBA – Finance)
    Institute of Business Management 
  • Bachelors of Business Administration (BBA – Finance)
    Institute of Business Management
  • Professional Qualification: An Associate Member from Chartered Institute of Securities and Investment (CISI), United Kingdom. (Membership number: 202936)


Academic Work Experience:

Lecturer in Finance, University of Birmingham; January 2019 – Present 

Lecturer in Finance, Coventry University; October 2016 - January 2019

Associate Lecturer in Finance, Cardiff Business School (Fixed term contract)

Associate Lecturer in Finance, Birkbeck, University of London (Fixed term contract)

Associate Lecturer in Finance, University of Huddersfield (Fixed term contract)

Associate Tutor in Accounting and Finance, University of Hull (Fixed term contract) 

Professional Experience:

Credit Risk Analyst, Bank Alfalah Limited (Foreign Bank)


Risk Analysis and Management (Postgraduate)

Applied Corporate Finance (Postgraduate)

Postgraduate supervision

Rizwan welcomes PhD applicants in the area of Asset pricing, liquidity impact, data analytics / machine learning related to stock markets and corporate governance.


Rizwan's current research interests include areas in Asset pricing, Liquidity impact on stock markets & bonds, Corporate Governance.


 Fintech accepted Paper:

Ahmed, R with Chaudhry, S.M., Huynh, T.L.D and Benjasak, C., (2021) Tail risk and systemic risk of finance and technology (FinTech) firms. Technological Forecasting and Social Change. (ABS 3). (Accepted and Forthcoming)

Ahmed, R., with Duc Huynh, T. L., Nasir, M. A., Shahbaz, M., & Huynh, N. Q. A. (Accepted/In press). The Nexus Between Black and Digital Gold: Evidence from US Markets. Annals of Operations Research. (ABS-3)

Sustainable Finance and other accepted Papers:

Ahmed, R with Chaudhry, S.M., and Saeed, A., (2021) Carbon Neutrality: The Role of Banks in Optimal Environmental Management Strategies” in Journal of Environmental Management (ABS 3). (Accepted and Forthcoming)

Ahmed, R with Murshed, M., Kumpamool, C., Bassim, M., and Elheddad, M (2021) The effects of regional trade integration and renewable energy transition on environmental quality: Evidence from South Asian neighbors. Business Strategy and the Environment, (Accepted, Forthcoming in Press). (ABS 3)

Ahmed, R with Li, X., Than, E. Thuzar., Ishaque, M., and Huynh, T.L.D (2021) Gender diversity of boards and executives on real earnings management in the bull or bear period: Empirical evidence from China. International Journal of Finance and Economics. (ABS 3)

Ahmed, R with Alzugaiby B, Gupta J, Mullineux A. Relevance of size in predicting bank failures. International Journal of Finance & Economics. 2020 Jul 21. (ABS 3)

Ahmed, R with Chaudhry, S.M., Shafiullah, M. and Huynh, T.L.D (2020). The impact of carbon emissions on country risk: Evidence from the G7 economies. Journal of Environmental Management, 265, p.110533. (ABS 3).

Ahmed, R with Ullah, S., Zaefarian, G., and Kimani, D (2021) How to Apply the Event Study Methodology Using STATA: Insights from the Impact of Covid-19. Industrial Marketing Management. (Accepted, Forthcoming in Press). (ABS 3 and ABDC A*)