Faculty Profile

image
Email: bushra.naqvi@lums.edu.pk

Dr. Bushra Naqvi

Associate Dean Academics (Graduate Programs)

Suleman Dawood School of Business

Dr. Bushra Naqvi is the Assistant Professor at Suleman Dawood School of Business, Lahore University of Management Sciences where she teaches in the area of Money, Banking and Finance.  

Dr. Bushra Naqvi has worked as research associate and teaching assistant at the laboratory of CES Axe Finance, University of Paris 1– Panthéon Sorbonne from 2007 to 2011. During her stay at La Sorbonne, she worked under the supervision of Prof. Christian Bordes (Member ECB Shadow Council); and her PhD dissertation surrounds the policy choices of Asian central banks and assesses the impact of those policies on the behavior of financial markets.  At La Sorbonne, She has also been affiliated with many renowned Economists and Financial Analysts including Prof. Christian de Boissieu (Chief Economic and Financial Advisor to French Prime Minister), Prof. Patrick Artus (Director Research at NATIXIS Bank and member of French Economic Think Tank) and Prof. Bertrand B. Maillet (Executive Head of Research at ABM AMRO, Paris Subsidiary).

Dr. Naqvi has presented her research work at several International peer reviewed conferences including 25th Congress of European Economic Association (Glasgow, UK), 27th International Symposium of Money Banking and Finance (Bordeaux, France), 3rd Singapore Economic Review Conference (Singapore), and 3rd Euro-African Conference in Finance and Economics (Paris, France). She has also published few articles in national and international journals including The Lahore Journal of Economics and International Journal of Business and Social Sciences.

Besides her research and academic concentrations, Dr. Naqvi also owns the charter of Financial Risk Manager (FRM) from Global Association of Risk Professionals (GARP), USA; which is a globally recognized benchmark and professional designation in the area of financial risk management.

      • Naqvi, B., Rizvi, S., Mirza, N. & Umar & Umar, M. (2023). Financial market development: A potentiating policy choice for the green transition in G7 economies. International Review of Financial Analysis.

      • Bai, J., Han, Z., Rizvi, S. & Naqvi & Naqvi, B. (2023). Green trade or green technology? The way forward for G-7 economies to achieve COP 26 targets while making competing policy choices. Technological Forecasting and Social Change.

      • Khalid, R., Shehzad, C. & Naqvi, B. (2022). Impact of capital account liberalization on stock market crashes. International Journal of Finance & Economics.

      • Umar, M., Mirza, N., Rizvi, S. & Naqvi & Naqvi, B. (2022). ESG scores and target price accuracy: Evidence from sell-side recommendations in BRICS. International Review of Financial Analysis.

      • Su, W., Rizvi, S., Naqvi, B., Mirza & Mirza, N. & Umar, M. (2022). COVID19: A blessing in disguise for European stock markets?. Finance Research Letters.

      • Rizvi, S., Yarovaya, L., Mirza, N. & Naqvi & Naqvi, B. (2022). The impact of COVID-19 on the valuations of non-financial European firms. Heliyon.

      • Wang, P., Han, W., Rizvi, S. & Naqvi & Naqvi, B. (2022). Is Digital Adoption the way forward to Curb Energy Poverty?. Technological Forecasting and Social Change.

      • Tao, R., Su, W., Naqvi, B. & Rizvi & Rizvi, S. (2022). Can Fintech development pave the way for a transition towards a low-carbon economy: A global perspective. Technological Forecasting and Social Change.

      • Mirza, N., Rizvi, S., Naqvi, B. & Yarovaya & Yarovaya, L. (2022). The resilience of Islamic equity funds during COVID-19: Evidence from risk-adjusted performance, investment styles, and volatility timing. International Review of Economics and Finance.

      • Rizvi, S., Naqvi, B., Boubaker, S. & Mirza & Mirza, N. (2022). The power play of natural gas and crude oil in the move towards the financialization of the energy market. Energy Economics.

      • Naqvi, B., Rizvi, S., Hasnaoui, A. & Shao & Shao, X. (2022). Going beyond sustainability: The diversification benefits of green energy financial products. Energy Economics.

      • Rizvi, S., Naqvi, B., Mirza, N. & Umar & Umar, M. (2022). Safe haven properties of green, Islamic, and crypto assets and investor's proclivity towards treasury and gold. Energy Economics.

      • Hasnaoui, J., Rizvi, S., Reddy, K., Mirza & Mirza, N. & Naqvi, B. (2021). Human capital efficiency, performance, market, and volatility timing of Asian equity funds during COVID-19 outbreak. Journal of Asset Management, 22.

      • Zhang, Z., Naqvi, B., Rizvi, S. & Cai & Cai, X. (2021). How exchange rate regimes are exacerbating or mitigating the resource curse?. Resources Policy, 72(02).

      • Li, J., Naqvi, B., Rizvi, S. & Chang & Chang, H. (2021). Bitcoin: The biggest financial innovation of fourth industrial revolution and a portfolio's efficiency booster. Technological Forecasting and Social Change, 162 (120383), doi:https://doi.org/10.1016/j.techfore.2020.120383.

      • Umar, M., Rizvi, S. & Naqvi, B. (2021). Dance with the devil? The nexus of fourth industrial revolution, technological financial products and volatility spillovers in global financial system. Technological Forecasting and Social Change, 163.

      • Guan, L., Zhang, W., Ahmad, F. & Naqvi & Naqvi, B. (2021). The volatility of natural resource prices and its impact on the economic growth for natural resource-dependent economies: A comparison of oil and gold dependent economies. Resources Policy.

      • Umar, M., Ji, X., Mirza, N. & Naqvi & Naqvi, B. (2021). Carbon neutrality, bank lending, and credit risk: Evidence from the Eurozone. Journal of Environmental Management, 296.

      • Rizvi, S., Naqvi, B. & Mirza, N. (2021). Is green investment different from grey? Return and volatility spillovers between green and grey energy ETFs. Annals of Operations Research.

      • Naqvi, B., Mirza, N., Rizvi, S., Poradar-Rochon & Poradar-Rochon & M &ITani, R. (2021). Is there a green fund premium? Evidence from twenty seven emerging markets. Global Finance Journal, 50.

      • Su, C., Naqvi, B., Shao, X., Li & Li, J. & Jiao, Z. (2020). Trade and technological innovation: The catalysts for climate change and way forward for COP21. Journal of Environmental Management, 269 (110774), doi:https://doi.org/10.1016/j.jenvman.2020.110774.

      • Rizvi, S., Mirza, N., Naqvi, B. & Rahat & Rahat, B. (2020). Covid-19 and Asset Management in EU: A Preliminary assessment of Performance and Investment Styles. Journal of Asset Management, 21, 281-291, doi:https://doi.org/10.1057/s41260-020-00172-3.

      • Mirza, N., Rahat, B., Naqvi, B. & Rizvi & Rizvi, S. (In Press 2020). Impact of Covid-19 on Corporate Solvency and Possible Policy Responses in EU. Quarterly Review of Economics and Finance, doi:https://doi.org/10.1016/j.qref.2020.09.002.

      • Li, Y., Naqvi, B., Caglar, E. & Chou & Chou, C. (2020). N-11 countries: Are the new victims of resource-curse?. Resources Policy, 67 (101697), doi:https://doi.org/10.1016/j.resourpol.2020.101697.

      • Naqvi, B., Rizvi, S. & Shahzad, A. (2020). Selection of Retirement Saving Plan for a Private Sector Employee in Pakistan. Asian Journal of Management Cases, doi:https://doi.org/10.1177/0972820120939363.

      • Mirza, N., Naqvi, B., Rahat, B. & Rizvi & Rizvi, S. (In Press 2020). Price Reaction, Volatility Timing and Funds' Performance during Covid-19. Finance Research Letters, 36 (101657), doi:https://doi.org/10.1016/j.frl.2020.101657.

      • Rizvi, S., Naqvi, B. & Tanveer, F. (2019). Is Pakistan Ready to Embrace Fintech Innovation?. Lahore Journal of Economics, 23 (2), 151-182.

      • Naqvi, B., Rizvi, S., Mirza, N. & Reddy & Reddy, K. (2018). Religion Based Investing and Illusion of Islamic Alpha and Beta. Pacific-Basin Finance Journal, (52), 82-106, doi:https://doi.org/10.1016/j.pacfin.2018.02.003.

      • Naqvi, B., Rizvi, S., Uqaili, H. & Chaudhry & Chaudhry, S. (2018). What Drives Global Financial Reintermediation by Islamic Banks?. Pacific-Basin Finance Journal, (52), 5-25, doi:https://doi.org/10.1016/j.pacfin.2017.12.001.

      • Rizvi, S., Naqvi, B., Mirza, N. & Bordes & Bordes, C. (2017). Fear of Floating in Asia and the Credibility of True Floaters?. Research in International Business and Finance, 42 (2017), 149-160.

      • Reddy, K., Mirza, N., Naqvi, B. & FU & FU, M. (2017). Comparative Risk Adjusted Performance of Islamic Socially Responsible and Conventional Funds: Evidence from United Kingdom. Economic Modelling, doi:https://doi.org/10.1016/j.econmod.2017.07.007.

      • Naqvi, B., Mirza, N., Naqvi, W. & Rizvi & Rizvi, S. (2017). Portfolio Optimization with Higher Moments of Risk at Pakistan Stock Exchange. Economic Research-Ekonomska Istraživanja, 30 (1), 1594-1610, doi:http://dx.doi.org/10.1080/1331677X.2017.1340182.

      • Rizvi, S., Rubbaniy, G., Naqvi, B. & Hartog & Hartog, S. (2015). Co-Movement Between CDSs, Bonds and Stocks in European Financial Markets. European Journal of Economics, Finance and Administrative Sciences, 72 (Feb 2015), 97-109.

      • Naqvi, B., Rizvi, S., Rubbaniy, G. & Hartog & Hartog, S. (2015). Does Continental Trading Co-Move? A Pre, Post and Amid Financial Crisis Analysis of CDS, Stock and Bond Markets. Journal of International Finance and Economics, 15 (3), 7-22.

      • Rizvi, S., Naqvi, B., Bordes, C. & Mirza & Mirza, N. (2014). Inflation Volatility: an Asian Perspective,. Economic Research-Ekonomska Istraživanja, 27 (1), 280-303.

      • Rubbaniy, G., R, A., Rizvi, S. & Naqvi & Naqvi, B. (2014). Do Fear Indices help Predict Stock Returns. Quantitative Finance, 14 (5), 931-847.

      • Rizvi, S., Naqvi, B. & Mirza, N. (2014). 'Afraid of Float' to Benign Neglect', A Jolting Ride of SBP on the Roller Coaster of Exchange Rate Regime. The Lahore Journal of Economics, 19 (2), 17-34.

      • Rizvi, S., Naqvi, B. & Mirza, N. (2013). Asset Prices, Financial Stability and Monetary Policy. Journal of Basic and Applied Scientific Research, 3 (1), 818-822.

      • Mirza, N., Naqvi, B. & Rizvi, S. (2013). The Dynamics of Exchange Rate Regime in Saudi Arabia. Actual Problems of Economics, 9 (147), 430-437.

      • Rizvi, S. & Naqvi, B. (2013). Time Varying Equity Market Beta as an Index of Financial Openness. Applied Financial Economics, 23 (11), 921-928.

      • Rizvi, S., Naqvi, B. & Mirza, N. (2013). Choice of Anchor Currencies and Dynamic Preferences for Exchange Rate Pegging in Asia. The Lahore Journal of Economics, 18 (2), 37-49.

      • Rizvi, S. & Naqvi, B. (2012). What Does Pakistan Have to Join Inflation Targeters Club, A Royal Flush or A Seven-Deuce Offsuit. The Lahore Journal of Economics, 17 (2), 35-62.

      • Rizvi, S. & Naqvi, B. (2012). Inflation targeting as a Plausible Monetary Framework for India. Research Journal of Recent Sciences, 1 (12), 74-78.

      • Rizvi, S., Naqvi, B., Rizwan, M. & Rizavi & Rizavi, S. (2011). Pakistan's Accumulation of Foreign Exchange Reserves during 2001-2006: Benign or Hostile Excessive or Moderate! Intent or Fluke. Pakistan Journal of Commerce & Social Sciences.

      • Rizvi, S., Naqvi, B. & Rizavi, S. (2011). Taking Risk for Making Loss! The Case of Karachi Stock Exchange. Interdisciplinary Journal of Contemporary Research in Business, 2 (12), 807-815.

      • Rizvi, S., Naqvi, B. & Rizvi, S. (2011). Global and Regional Financial Integration of Asian Stock Markets. International Journal of Business and Social Sciences, 2 (9), 82-93.

      • Rizvi, S. & Naqvi, B. (2010). Asymmetric Behavior of Inflation Uncertainty and Friedman-Ball Hypothesis: Evidence from Pakistan. The Lahore Journal of Economics, 15 (2), 1-33.

      • Naqvi, B. (2014). The Case of Municipal Bonds in Pakistan, Published. CRC Number 02-604-2014-2, Case Research Centre, Lahore University of Management Sciences.

      • Naqvi, B. (2014). Municipal Bonds – A Source of Capital for the Government, Published. CRC Number 02-605-2014-2, Case Research Centre, Lahore University of Management Sciences.

      • Naqvi, B. (2013). Pakistan's Economic and Financial Future: Must-Know for Leaders, Published. CRC Number 02-602-2013-2, Case Research Centre, Lahore University of Management Sciences.

      • Naqvi, B., Mirza, N. & Rizvi, S. (2015). Fatima Fertilizer: A potential security for Tundra Pakistanfond. 4th Asian Management Research and Case Conference (AMRC), Malaysia, January10-12, 2015, ., Malaysia.

      • Naqvi, B. & Rizvi, S. (2011). Policy Responses to Global Financial Crisis: Inflation Targeters and Non-Targeters of Asia. 51st Congrès de la Société Canadienne de Science Economique (SCSE),, Québec, Canada.

      • Rizvi, S. & Naqvi, B. (2010). "Inflation Volatility: An Asian Perspective".. 14th Conference Theories and Methods in Macroeconomics, Le mans, France.

      • Rizvi, S. & Naqvi, B. (2010). Inflation Volatility: An Asian Perspective. The Fourth International Malaysia-Thailand Conference on Southeast Asia Studies, Selangor, Malaysia.

      • Rizvi, S. & Naqvi, B. (2010). Inflation Volatility: An Asian Perspective. 3rd PhD Conference in Economics, Athens, Greece.

      • Naqvi, B. (2010). Inflation Volatility: An Asian Perspective.. 3rd Euro-African Conference in Finance and Economics, paris, France.

      • Naqvi, B. (2010). Inflation Targeting Framework: Is the story different for Asian Economies. 27th Symposium on Money, Banking and Finance, Bordeaux, France.

      • Naqvi, B. (2010). Inflation Targeting Framework: Is the story different for Asian Economies?. Society for the Study of Emerging Markets' EuroConference, Milas, Turkey.

      • Rizvi, S. & Naqvi, B. (2010). "Time Varying Equity Market Beta as an Index of Financial Openness.. 25th Meeting of the European Economic Association (EEA, Glascow, United Kingdom.

      • Rizvi, S. & Naqvi, B. (2009). "Asymmetric Behavior of Inflation Uncertainty and Friedman-Ball Hypothesis: Evidence from Pakistan. 26th International Symposium of Money Banking & Finance, Orleans, France.

      • Naqvi, B.

      • Naqvi, B.

      • Rizvi, S., Naqvi, B., Nawazish, N. & Reddy & Reddy, K. (2017). Corporate Bond Market and Impossible Trinity in Aisa.

      • Naqvi, B., Rizvi, S. & Ahmad, F. (2017). Multi Criteria of Portfolio Optimization using Fuzzy Choquet Integral.

      • Naqvi, B. & Rizvi, S. (2017). Nexus between Non-interest Income and Bank Risk with varying level of Asset Quality.

      • Naqvi, B. & Rizvi, S. (2017). What makes Micro-finance Institutions financially sustainable?.

      • Naqvi, B. (2014). Does Exchange Rate Pass-Through Even Exist in Asia or Inflation Targeting Framework is Irrelevant in its Determination?.

      • Rizvi, S. & Naqvi, B. (2014). Reassessment of Exchange Rate Flexibility and Fear of Floating in Asia: How Much Credible Are the Benchmark Floaters.