Faculty Profile

Dr. Hilal Anwar Butt

Assistant Professor

  • PhD (Finance), Hanken School of Economics - 2013
  • MSc (Finance), Hanken School of Economics - 2006
  • MPA (Finance), Quaid-i-Azam University, Islamabad - 2000
Area of Specialization: (Finance)
Professional Activities: Research Fellow-CBER
On-board Status: Available

Work Experience:

  • - Assistant Professor and Research Fellow-CBER at Institute of Business Administration, Karachi (Jul-2015 to PRESENT)
  • - Assistant Professor at NUST Business School, Islamabad (Jul-2014 to Jun-2015)
  • - Assistant Professor Assistant Professor, Hanken School of Economics, Department of Finance and Statistics, April 2013-July 2013 at Hanken School of Economics (Apr-2013 to Jul-2013)
  • - Assistant General Manager at Pakistan Electronic Media Regulatory Authority (Jan-2003 to Jan-2005)
  • - Junior Executive (HR) at Securities and Exchange Commission of Pakistan (May-2001 to Dec-2002)

Honors & Awards:
  • - Cash prize of 500 Euros, An Empirical study of Purchasing Power Parity, A Case Study of Pakistan and the United States. His Thesis was among the best three and was awarded a cash prize of 500 Euros
  • - Grant of 1000 Euro, Grant of 1000 Euro was extended to present the paper at FMA by Marcus Wallenbergs Stiftelse, 2013
  • - Grant of 1000 euro, Grant of 1000 euro was extended to present the paper at MFC by Hanken Foundation, 2013
  • - Grant of 1700 Euro, Grant of 1700 Euro was extended to present the paper at SFA by Liikesivistysrahasto, 2012
  • - Hanken Vasa monthly @1330 Euro, Department of Statistics and Finance, Hanken Vasa monthly @1330 Euro, Sept. 2010 till defense of my doctorate degree
  • - Grant of 3000 Euro, Grant of 3000 Euro for working on Size & Value Premia and Stochastic Discount Factor Specifications for Finland from The Ella and Georg Ehrnrooth Foundation, 2010
  • - , Young Doctoral Prog Continuous funding under Young Doctoral Program Hanken Foundation initially at 1200 Euro then 1400 Euro, Nov. 1 2009 at 1500 Euro till Aug. 2010 (Jan. 2007-Aug.2010)
  • - Hanken Vasa monthly @ 1,145 Euros, Department of Statistics and Finance, Hanken Vasa monthly @ 1,145 Euros, Sept. 2006-Dec. 2006

: 111422422 (Ext.2653)


Research Interest

List to come

  1. Mohsin Sadaqat, Dr. Hilal Anwar Butt "Modeling Sentiment, Temporal Volatility and Excess Returns: Empirical Evidence from Segmented Stock Market", Journal of Business & Economics, Dec 01, 2016, Pakistan
  2. Dr. Hilal Anwar Butt, Nader Shahzad Virk "Momentum Profits and Time Varying Illiquidity Effect", Finance Research Letters, Oct 21, 2016, United States
  3. Dr. Hilal Anwar Butt, Ihsan Badshah, Muhemmad Tahir "Illusory Nature of Pricing of Illiquidity Effect: The Test Case of Australian Stock Market", 23rd Annual Conference of the Multinational Finance Society, Jun 26, 2016, Stockholm, Sweden
  4. Nader Shahzad Virk, Dr. Hilal Anwar Butt "Specification Errors of Asset-Pricing Models for a Market Characterized by Few Large Capitalization Firms", Journal of Economics and Finance, Jan 01, 2016, United States
  5. Dr. Hilal Anwar Butt, Nader Shahzad Virk "Liquidity and Asset Pricing: An Empirical Investigation of the Nordic Stock Markets", European Financial Management, Sep 17, 2015, United Kingdom
  6. Dr. Hilal Anwar Butt "A Comparison among Various Dimensions of Illiquidity Effect: A Case Study of Finland", Research in International Business and Finance, Jan 20, 2015, Netherlands Antilles