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Dr Muhammad A. Cheema

Muhammad Cheema image 2021Senior Lecturer in Finance
MSc (Strathclyde), PhD (Lincoln)

Tel +64 3 479 8146
Email muhammad.cheema@otago.ac.nz
Office OBS 5.14

Dr Cheema joined the University of Otago in February 2021 as a Senior Lecturer in Finance. Previously, he has held appointments at the University of Waikato (Hamilton, New Zealand), KIMEP University (Almaty, Kazakhstan), Curtin University (Sarawak, Malaysia), and Lincoln University (Christchurch, New Zealand). Dr. Cheema was named an Erskine Fellow by the University of Canterbury (Christchurch, New Zealand) in November 2021.

Dr Cheema's research interests are in asset pricing, behavioural finance, and energy economics. He has published 18 refereed articles in leading international journals, 15 of which (13 as lead author) are ranked as A or A* journals by the Australian Business Deans Council. He has presented his research at major international conferences and has received several best papers awards, including the 2022 Ministry of Business, Innovation and Employment (MBIE) Best Paper Award for Capital Markets and the 2019 CFA Society's Best Paper Award. Dr Cheema's research ranks in the top 10% as measured by downloads from SSRN (Social Science Research Network). He has supervised one PhD student to completion and is currently involved in one PhD supervision. He has refereed for more than 35 different journals and has examined seven PhD dissertations.

Dr Cheema's work has been featured several times in the financial press, economics think tanks, and association of investment professionals including the CFA Society, VoxEU, Centre for Economic Policy Research, Wirtschaftswoche, and Morningstar.

Dr Cheema has held several leadership roles throughout his academic career. He is currently serving as Director of “BNZ Bloomberg Markets Lab” at the University of Otago. He is also the New Zealand Coordinator of the InSPiR2eS Global Pitching Research Competition (IGPRC). Previously, he served as Associate Dean of Research and Development of the Faculty of Business and Humanities at Curtin University Malaysia. He also organized the 2021 New Zealand Finance Colloquium at the University of Waikato, Tauranga and coordinated and shortlisted the 2020 INFINZ Best PhD, Masters, and honours thesis awards.

Dr Cheema keeps the community, and the finance industry informed about important financial issues through his public lectures. His two most recent public lectures were on "COVID-19 pandemic and safe haven assets" and "the importance of finance in our daily life".

Research interests

  • Asset Pricing
  • Behavioural Finance

Teaching

Current teaching

Supervision

Dr Cheema is currently supervising one PhD student and has examined seven PhD dissertations. He is available to supervise PhD students in the area of asset pricing and behavioural finance.

Current supervision

  • Benny Van (Lincoln University)

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Publications

Cheema, M. A., Faff, R., & Szulczyk, K. R. (2022). The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets? International Review of Financial Analysis, 83, 102316. doi: 10.1016/j.irfa.2022.102316

Cheema, M. A., Chiah, M., & Man, Y. (2022). Overnight returns, daytime reversals, and future stock returns: Is China different? Pacific-Basin Finance Journal, 74, 101809. doi: 10.1016/j.pacfin.2022.101809

Cheema, M. A., Chiah, M., & Zhong, A. (2021). Resurrecting the size effect in Japan: Firm size, profitability shocks, and expected stock returns. Pacific-Basin Finance Journal, 69, 101641. doi: 10.1016/j.pacfin.2021.101641

Cheema, M. A., Man, Y., & Szulczyk, K. R. (2020). Does investor sentiment predict the near-term returns of the Chinese stock market? International Review of Finance, 20(1), 225-233. doi: 10.1111/irfi.12202

Cheema, M. A., Chiah, M., & Man, Y. (2020). Cross-sectional and time-series momentum returns: Is China different? Pacific-Basin Finance Journal, 64, 101458. doi: 10.1016/j.pacfin.2020.101458

Cheema, M. A., Faff, R., & Szulczyk, K. R. (2022). The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets? International Review of Financial Analysis, 83, 102316. doi: 10.1016/j.irfa.2022.102316

Journal - Research Article

Cheema, M. A., Chiah, M., & Man, Y. (2022). Overnight returns, daytime reversals, and future stock returns: Is China different? Pacific-Basin Finance Journal, 74, 101809. doi: 10.1016/j.pacfin.2022.101809

Journal - Research Article

Cheema, M. A., Chiah, M., & Zhong, A. (2021). Resurrecting the size effect in Japan: Firm size, profitability shocks, and expected stock returns. Pacific-Basin Finance Journal, 69, 101641. doi: 10.1016/j.pacfin.2021.101641

Journal - Research Article

Cheema, M. A., Man, Y., & Szulczyk, K. R. (2020). Does investor sentiment predict the near-term returns of the Chinese stock market? International Review of Finance, 20(1), 225-233. doi: 10.1111/irfi.12202

Journal - Research Article

Cheema, M. A., Chiah, M., & Man, Y. (2020). Cross-sectional and time-series momentum returns: Is China different? Pacific-Basin Finance Journal, 64, 101458. doi: 10.1016/j.pacfin.2020.101458

Journal - Research Article

Cheema, M. A., & Scrimgeour, F. (2019). Oil prices and stock market anomalies. Energy Economics, 83, 578-587. doi: 10.1016/j.eneco.2019.08.003

Journal - Research Article

Cheema, M. A., Nartea, G. V., & Man, Y. (2020). Maxing out in China: Optimism or attention? International Review of Finance, 20(4), 961-971. doi: 10.1111/irfi.12241

Journal - Research Article

Bhuiyan, M. B. U., Cheema, M. A., & Man, Y. (2021). Risk committee, corporate risk-taking and firm value. Managerial Finance, 47(3), 285-309. doi: 10.1108/MF-07-2019-0322

Journal - Research Article

Szulczyk, K. R., & Cheema, M. A. (2021). The economic feasibility and environmental ramifications of biobutanol production in Malaysia. Journal of Cleaner Production, 286, 124953. doi: 10.1016/j.jclepro.2020.124953

Journal - Research Article

Cheema, M., Faff, R., and Szulczyk, K. (2020, July). The influence of the COVID-19 pandemic on safe haven assets. VoxEU CEPR. Retrieved from https://voxeu.org/article/influence-covid-19-pandemic-safe-haven-assets

Other Research Output

Szulczyk, K. R., Cheema, M. A., Cullen, R., & Khan, A. R. (2020). Bioelectricity in Malaysia: Economic feasibility, environmental and deforestation implications. Australian Journal of Agricultural & Resource Economics, 64(2), 294-321. doi: 10.1111/1467-8489.12345

Journal - Research Article

Cheema, M. A., Nartea, G. V., & Szulczyk, K. R. (2018). Cross-sectional and time-series momentum returns and market dynamics: Evidence from Japan. Applied Economics, 50(23), 2600-2612. doi: 10.1080/00036846.2017.1403560

Journal - Research Article

Cheema, M. A., & Nartea, G. V. (2018). Cross-sectional and time-series momentum returns: Are Islamic stocks different? Applied Economics, 50(54), 5830-5845. doi: 10.1080/00036846.2018.1488068

Journal - Research Article

Cheema, M. A., Nartea, G. V., & Man, Y. (2018). Cross-sectional and time series momentum returns and market states. International Review of Finance, 18(4), 705-715. doi: 10.1111/irfi.12148

Journal - Research Article

Cheema, M. A., & Nartea, G. V. (2017). Momentum returns, market states, and market dynamics: Is China different? International Review of Economics & Finance, 50, 85-97. doi: 10.1016/j.iref.2017.04.003

Journal - Research Article

Cheema, M. A., & Nartea, G. V. (2017). Momentum returns, market states and financial crises: Evidence from China and Hong Kong. In Q. Munir & S. C. Kok (Eds.), Information efficiency and anomalies in Asian equity markets: Theories and evidence. (pp. 138-157). Abingdon, UK: Routledge.

Chapter in Book - Research

Cheema, M. A., & Nartea, G. V. (2017). Momentum, idiosyncratic volatility and market dynamics: Evidence from China. Pacific-Basin Finance Journal, 46(A), 109-123. doi: 10.1016/j.pacfin.2017.09.001

Journal - Research Article

Nartea, G. V., Cheema, M. A., & Szulczyk, K. R. (2017). Searching for rational bubble footprints in the Singaporean and Indonesian stock markets. Journal of Economics & Finance, 41, 529-552. doi: 10.1007/s12197-016-9369-3

Journal - Research Article

Cheema, M. A., & Nartea, G. V. (2014). Momentum returns and information uncertainty: Evidence from China. Pacific-Basin Finance Journal, 30, 173-188. doi: 10.1108/IJAIM-11-2013-0063

Journal - Research Article

Nartea, G. V., & Cheema, M. A. (2014). Bubble footprints in the Malaysian stock market: Are they rational? International Journal of Accounting & Information Management, 22(3), 223-236. doi: 10.1108/IJAIM-11-2013-0063

Journal - Research Article

Szulczyk, K. R., Cheema, M. A., & Ziaei, S. M. (2022). The economic feasibility of microalga to produce commercial biodiesel and reduce carbon dioxide emissions in Malaysia. Algal Research. Advance online publication. doi: 10.1016/j.algal.2022.102871

Journal - Research Article

More publications...