Attaullah Shah
Institute of Management Sciences,
1-A, Sector E-5, Phase 7, Hayatabad, Peshawar.
Phone Office: 091-5861024-5 (ext:114),
Email: attaullah.shah@imsciences.edu.pk , attashah15@hotmail.com
EDUCATION
Postdoc
2014 University of Kentucky, USA.
PhD (Finance)
2010 Muhammad Ali Jinnah University, Islamabad.
MS (Finance)
2007 Muhammad Ali Jinnah University, Islamabad.
MBA (Finance)
2003 Institute of Management Studies, University of Peshawar
B.Com
2000 Government Commerce College Bannu,
EXPERIENCE
Lecturer (2004-2008) and Assistant Professor (2009-to date)
Institute of Management Sciences, Peshawar is a prestigious educational institution in the
public sector where I served as lecturer from 2004 to 2008 and was promoted as Assistant
Professor in 2009. In 2011, I was appointed as Assistant Professor under the Tenure Track
System.
My subject of interest in teaching and research are Corporate Finance, Financial Risk
Management, Strategic Financial Management, Investment Analysis, Financial Markets and
Institutions, Computer Applications in Finance, Critical Review of Literature.
Coordinator MBA (Banking and Finance, 2010-to 2013)
I assumed charge as coordinator of MBA (Banking and Finance) program in 2010. As a
coordinator, I assigned courses to teachers, handled students’ academic issues, worked in
liaison with the Institute of Banker of Pakistan (IBP) for arranging internships and coaching
classes, and actively participated in different committees (such as advisory committee,
semester committee, etc.) of the Institute to discuss and give advice on various issues of the
Institute.
HEC’s Approved Supervisor (2012- to date)
HEC is the apex body for setting standards and monitoring of the higher Education in Pakistan.
In its efforts to ensure quality research at PhD level, it introduced the concept of PhD Approved
Supervisors who are selected on the basis of research publications and other contributions. I
was approved as PhD Supervisor in 2012.
Supervisions

I am currently supervising five students at the PhD level

I have supervised eight students at the MS level

Currently supervising five students at the MS level
Member Editorial Board,

Serving as member of editorial board of the Institute of Management Sciences Journal,
“Business & Economic Review”, which is published semi-annually.

Serving as Member Review Panel of the Journal of Independent Study and ResearchManagement, Social Sciences and Economics (JISR) which is an HEC recognized journal
and is published bi-annually by SZABIST

Serving as member of National Review Panel of the Pakistan Journal of Commerce and
Financial Studies. The journal is published by Bahauddin Zakariya University, Multan,
Pakistan.
Hostel Warden (2008-2012)
I assumed charge as warden of male hostel in 2008 where I was involved in managing the
hostel’s daily affairs, seats allotment, and hostel fee collection etc.
PUBLICATIONS & CONFERENCES
Papers published in scholarly journals:
1. Kamran and Shah, Attaullah (2014) "The Impact of Corporate Governance and
Ownership Structure on Earnings Management Practices: Evidence from Listed
Companies in Pakistan", The Lahore Journal of Economics, Vol. 19, No. 2, pp. 27-70
2. Shah, Attaullah and Ilyas, Jasir (2014) " Is Negative Profitability-Leverage Relationship is
the only Support for Pecking Order Theory in Pakistan, Pakistan Development Review
(Forthcoming)
3. Hamid Ali Shah and Attaullah Shah (2015) " Can Momentum Strategy Earn More Returns
in Karachi Stock Exchange?, Pakistan Business Review (Forthcoming)
4. Alina Maqsood and Attaullah Shah (2014), " Corporate Governance and Cash Holdings in
Listed Non-Financial Firms in Pakistan " Business Review, Vol.9 No.2, pp 48-72
5. Malik, Imran Riaz., Shah, Attaullah., and Khan, Safiullah. (2013). Single Stock Futures
Trading and Its Impact on Feedback Trading and Volatility: A Case Study of Pakistan,
Forman Journal of Economic Studies Vol. 9, (January–December) pp. 81-106
6. Jabeen, Maryam and Shah, Attaullah. (2013). "The Inter-Relationship between Initial
Profits, Growth-Focused Firms and Profit-Focused Firms: Evidence from KSE 100-Index
Pakistan". Pakistan Journal of Commerce and Social Sciences, Vol. 7 No. 3, pp.671-682
7. Hamidullah and Shah, Attaullah . (2013). Lead-Lag Relationship in Spot and Future
Market: Evidence from Pakistani Stock Market KSE-100 Index. Business Review, Vol 8:
No 1. pp. 135-148
8. Ullah, Hamid., Shah, Attaullah., Rehman, ur Shafiq., Hussain, Amir. (2012), "Corporate
Ownership, Firm Financing Choices, and Firm Value: Evidence from Emerging Markets,
Pakistan" Asian Journal of Business and Management Sciences, Vol. 2, No.3 , pp. 16-34
9. Shah, Attaullah., Gul, Saleem., Aziz, Raza.(2012),"Problems Facing the Hayat Abad
Industrial Estate and their Implications on Policy Formulation", Business and Economic
Review, Vol. 2, No. 3, pp.164-174
10. Shah, Attaullah., (2012), "Impact of Judicial Efficiency on Debt-Maturity Structure:
Evidence from Judicial Districts of Pakistan", Vol. 50, No. 4, pp. 663–682
11. Shah, Attaullah, (2011), "The Corporate Cash Holdings: Determinants and Implications",
African Journal of Business Management, Vol. 5, No. 34, pp. 12939-12950
12. Shah, Attaullah, Munir, Akhtar., Khan, Safiullah, and Abbas, Zaheer, (2011) , "Do
Industries Predict the Stock Market due to Slow Diffusion of Information", African
Journal of Business Management, Vol. 5, No. 34, pp. 12958-12965
13. Saeed, Amir and Shah, Attaullah (2011), "Enhancing Tax Morale with Marketing Tactics:
A Review of Literature", African Journal of Business Management Vol.5,
No.35, pp.13559-13565
14. Saleem, Afia and Shah, Attaullah (2011), "Self-Efficacy as a Stress-Copying Mechanism
Among Teachers: A Critical Review of Literature", African Journal of Business
ManagementVol. 5, No. 35, pp. 13435-13441
15. Hamidullah, and Shah, Attaullah (2011), "A Literature Survey of Value Creation Through
Relationship Banking", African Journal of Business Management Vol. 5, No. 35, pp.
13517-13522
16. Khan, Shahnawaz., Gul, Saleem, Shah, Attaullah, (2011), " A Review of Literature on the
Role of Trust and Partnering in Success of Construction Project", African Journal of
Business Management Vol. 5, No. 35, pp. 13541-13549
17. Razzaghian, Maria., and Shah, Attaullah,. (2011). "Prevalence, Antecedents, and Effects
of Workplace Bullying: A Review of Literature", African Journal of Business
ManagementVol. 5, No. 35, pp. 13419-13427
18. Khan, Khurram., and Shah, Attaullah,. (2011). ”Understanding Performance
Measurement Through the Literature" A Review" African Journal of Business
Management Vol. 5, No. 35, pp. 13410-13418
19. Shah, Hamid Ali. and Shah, Attaullah., (2011)."The Association Between Financial
Development and Economic Development: A Review" African Journal of Business
Management Vol.5, No.35, pp. 13428-13434
20. Jabeen, Maryam and Shah, Attaullah., (2011)."A Review on Family Ownership and
Information Asymmetry" African Journal of Business Management Vol. 5, No. 35, pp.
13550-13558
21. Shah, Attaullah, Rehman, Jamil Ur, Zaheer Abbas, and Kamal, Yasir, (2012), "The Interest
Rates-Stock Prices Nexus in Highly Volatile Markets: Evidence from Pakistan", Journal of
Basic and Applied Scientific Research, 2(3):2589-2598
22. Shah, Attaullah, Munir, Akhtar., Khan, Safiullah, and Abbas, Zaheer, (2011), “Can Large
Industries Predict the Stock Market”, World Applied Sciences Journal: Vol.14 No. 3, pp.
443-448
23. Khan, Safiullah., Shah, Attaullah., Abbas, Zhaheer., (2011) Impact of Single Stock Futures
Trading on Stock Price Volatility of Underlying Stocks: Empirical Evidence from Pakistan’s
Stock Market, Journal of Basic and Applied Scientific Research, Vol. 1, No.11, pp. 20002008
24. Shah, Attaullah., Abdullah, Fahad., Khan, Tauseef., Khan, Safiullah., (2011). "Simplicity
Vs Accuracy: The Case of CAPM and Fama and French Model" Australian Journal of Basic
and Applied Sciences Vol 5, No. 10, pp. 528-535
25. Abdullah, Fahad., Shah, Attaullah., Iqbal, Abdullah Mohammad., Gohar, Raheel. (2011),
“Investors' Power and the Dividend Cost Minimization Model: Which one Better Explains
the Dividend Policy in Pakistan?”, African Journal of Business Management : Vol. 5,
No.26, pp. 10747-10759.
26. Subayyal, Muhammad., Shah, Attaullah., (2011), "The Cointegration between Exchange
Rates and Stock Prices in Highly Volatile Markets: Evidence from Pakistan", Middle
Eastern Economics and Finance: No. 15, pp. 156-163
27. Abdullah, Fahad., Shah, Attaullah., Iqbal, Abdullah Mohammad., Gohar, Raheel., (2011),
“The Effect of Group and Family Ownership on Firm Performance: Empirical Evidence
from Pakistan”, International Review of Business Research Papers, Vol.7 No.4.pp191208
28. Shah, Attaullah and Khan, Shahid Ali., (2009), “Empirical Investigation of Debt-Maturity
Structure: Evidence From Pakistan” , Pakistan Development Review: Vol. 48, No.4, pp.
565-578
29. Shah, Attaullah & Khan, Safiullah., Khan (2007), “Determinants of Capital Structure:
Evidence from Pakistani Panel Data”, International Review of Business Research
Paper: Vol. 3, No.4, pp. 265-282
30. Shah, Attaullah and Hijazi, Syed Tahir., (2004), “The Determinants of Capital Structure of
Stock Exchange-Listed Non-Financial Firms in Pakistan”, Pakistan Development
Review: Vol. 43, No. 4, pp. 605-618
Papers presented in conferences:
1. Firm Performance and the Nature of Agency Problems in Insiders-Controlled Firms:
Evidence from Pakistan, 28th Annual General Meeting and Conference of Pakistan
Society of Development Economists, Isamabad, November 13-15, 2012
2. Lead-Lag Relationship and Directional Asymmetry in Stock Returns of Small and Large
Portfolios: Evidence from the Karachi Stock Exchange,4th South Asian International
conference (SAICON-2012) Bhurban, December 05-07, 2012
3. Free Cash Flow, Ownership Structure & Firm Performance: Evidence from Pakistan, 4th
South Asian International conference (SAICON-2012) Bhurban, December 05-07, 2012
4. Managerial Stock Ownership and the Maturity Structure of Corporate Debt: Empirical
Evidence from Pakistan, 4th South Asian International conference (SAICON-2012)
Bhurban, December 05-07, 2012
5.
Corporate Ownership Structures and Dividend Announcement Effects: Evidence From
Pakistan, Eurasia Business and Economics Society (EBES)-Istanbul, May 24-26, 2012
6. Impact of Judicial Efficiency on Debt-Maturity Structure: Evidence from Judicial Districts
of Pakistan, 27th AGM Conference of the PSDE, Islamabad December 13-15, 2011
7. Are Large Industries Informationally Efficient? SIBR Conference, Bangkok Thailand (June
16-18, 2011)
8. The Relationship between Real Exchange Rate and Interest Rate Differentials, 4th Asia
Pacific Business Research Conference (April 8-10 2011), Kula Lampur Malaysia
9. The Effect of Family Ownership on Firm Performance: Empirical Evidence from
Pakistan. 14th Annual Business Research Conference (2011), Dubai UAE
10. Corporate Cash Holdings: Determinants and Implications, Second International
Conference of AGBA-South Asia Chapter (2010). Islamabad, Pakistan
11. Simplicity Vs Accuracy: The Case of CAPM and Fama and French Model, Second
International Conference of AGBA-South Asia Chapter (December 28-29, 2010).
Islamabad, Pakistan
12. The Determinants of Capital Structure of Stock Exchange-Listed Non-Financial Firms in
Pakistan, 20th PSDE Annual Conference January 10-12, 2005, Islamabad, Pakistan
13. The Empirical Investigation of Debt-Maturity Structure: Evidence from Pakistan,
25th PSDE AGM and Conference March 16-18, 2010, Islamabad, Pakistan.
DISTINCTIONS

Distinction in MS

First Position in B.Com Part I and Part II with qualification for Gold Medal

Second Position in D.Com II Examination of BTE, Peshawar

Nominated for the HEC Best University Teacher Award 2010 from IMSciences-Peshawar

Won HEC Scholarship for PhD

First Position in MBA class with CGPA 4.00 on the scale of 4.00

Merit Scholarship holder MBA Program
COUNTRIES VISITED
I have visited the following countries while availing the HEC travel grant for paper presentation
in international research conferences.
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Turkey

Malaysia

Thailand
Furthermore, I spent two months at the University of Kentucky, USA as a participant of the
program designed to develop faculty in research, pedagogy and business curriculum design.
PERSONAL INFORMATION
Name
Father’s name
Date of birth
N.I.C. No
Domicile
Marital status
Gender
Religion
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Attaullah Shah
Kamal Shah
Feb 3rd, 1980
11101-1491019-1
Bannu, KPK
Married
Male
Islam