Dr Hisham Farag

Dr Hisham Farag

The Department of Finance
Reader in Finance
The Business School REF Lead

Contact details

+44 (0)121 414 3101
+44 (0)121 414 6678
University of Birmingham
B15 2TT


  • BSc Business Administration
  • MSc Finance
  • PhD Business Administration
  • PhD Finance


  • Corporate Finance 
  • Finance for Managers (MBA)
  • Financial Derivatives 
  • Risk Management (MSc)
  • Portfolio Theory and Investment Analysis


Research interests:

  • Corporate governance.
  • Board structure.
  • Board diversity.
  • Corporate social responsibility.
  • Behavioural finance.


Farag, H. and Mallin, C.A (2016). The influence of CEO Demographic Characteristics on Corporate Risk -Taking: Evidence from Chinese IPOs, The European Journal of Finance, forthcoming

Farag, H. and Mallin, C.A (2015). The Impact of the Dual Board Structure and Board Diversity: Evidence from Chinese Initial Public Offerings (IPOs), Journal of Business Ethics, forthcoming.

Farag, H., Qing, M., and Mallin, C.A. (2015). The Social, Environmental and Ethical Performance of Chinese Companies: Evidence from the Shanghai Stock Exchange, International Review of Financial Analysis, forthcoming.

Farag, H., Mallin, C.A., and Ow-Yong, K., (2014), Corporate Social Responsibility and financial performance in Islamic banks, Journal of Economic Behavior & Organization, 103, 21-38. Science Direct's 10 most downloaded Economics articles published since 1 January 2014 by authors based in the UK.

Farag, H., Mallin, C.A., and Ow-Yong, K. (2014), Governance, Ownership Structure and Performance of Entrepreneurial IPOs in AIM Companies, Corporate Governance; An International Review, 22, 100-115.

Cressy, R. and Farag, H. (2014). Stairway to Heaven or Gateway to Hell: A Competing Hazards Rate Analysis of Delistings on Hong Kong’s GEM, International Review of Financial Analysis, 36, 195-205.

Farag, H. (2014). Investor overreaction and unobservable portfolios: evidence from an emerging market, Applied Financial Economics, 24, (20), pp 1313-1322.

Cressy, R, Wright, M., Wilson, N., and Farag, H (2014), Financial Restructuring and Recovery in Private Equity Buyouts: The UK Evidence, Venture Capital: An International Journal of Entrepreneurial Finance, 16, (2), pp109-129.

Farag, H. (2014). The effectiveness of competing regulatory regimes: Evidence from an emerging market, Global Finance Journal, 25, (2), pp 136-147. Best paper award of the Global Finance Conference, California, USA.

Farag, H. and Cressy, R. (2012). Stock market regulation and news dissemination: evidence from an emerging market. The European Journal of Finance, 18:351-368.

Cressy, R. and Farag, H. (2012). Do private equity-backed buyouts respond better to financial distress than PLCs? The European Journal of Finance, 18: 239-259.