UNIVERSITY OF MANAGEMENT AND TECHNOLOGY

Faculty Profile

Dr Rubeena Tashfeen

Chairperson Department of Finance, Associate Professor

School of Business and Economics

Department of Finance

 : [email protected]     : 3376   

RUBEENA TASHFEEN PhD (New Zealand); MBA (USA)

Associate Professor of Finance & Accounting

School of Business and Economics

Department of Finance

[email protected]; Ext. 3376

 

PROFILE DESCRIPTION

Dr. Rubeena Tashfeen earned her Ph.D. from Victoria Business School, Victoria University of Wellington, New Zealand. She was recipient of a doctoral scholarship award from the University and achieved her PhD in the area of Financial Derivatives and Corporate Governance Risk Management. The focus of her research centers on the Value and Risk Effects of Financial Derivatives with examination of Corporate Governance Hedging, Speculation and Selective Hedging Strategies. Earlier she obtained her MBA, with a finance concentration from the University of South Florida, U.S.A, and was awarded a US-based scholarship for her studies.

 

For the last 14 years, Dr. Rubeena has been associated with academia, including teaching in Pakistan and abroad at University level. She possesses rich industry and consultancy experience which adds value to her classroom teaching. Besides her extensive academic and industry work experience, she has been involved with major projects involving World Bank, The Canadian International Development Agency (CIDA) and UNIDO-Intechmart and other projects of the United States Agency for International Development organization, to name a few.. Her other specialties range from providing consultancy to Government and Semi-government organizations and conducting training/workshops at NGOs and other companies across the country, with special focus on risk management and business plan development. Her areas of expertise range from financial derivatives, risk management and corporate governance risk strategies, among others.

 

TEACHING EXPERIENCE

Overall academic experience comprises around 9 years of teaching experience in top Universities in Pakistan as Assistant Professor: in University of Management & Technology, University of Central Punjab and also as visiting faculty at The University of Punjab. Further around 6 years of teaching experience has been gained as PhD student at Victoria University of Wellington, New Zealand and as an MBA student, during studies at the University of South Florida, USA.  Areas of expertise are in both finance and accounting.

 

TEACHING AREAS OF INTEREST

Subjects of interest are Financial Policy and Strategy; Financial Derivatives Strategies; Risk Management; Capital Markets; Advanced Corporate Finance, International Financial Reporting Standards, Corporate Restructuring (Mergers & Acquisitions), Financial Statement Analysis, Corporate Governance, Financial Accounting and Managerial Accounting

 

PROFESSIONAL EXPERIENCE

Chief Financial Officer, and Deputy General Manager - Finance & Administration:

worked in Security General Insurance Company Ltd., Pakistan. In this capacity supervised all the accounting and financial functions of the Company, including preparation of Annual Reports and other financial reporting/MIS for the Board of Directors.  Supervised setting of targets, budgeting, financial projections, expense ratio analysis, quality control, policies & strategy formulation, internal audit, MIS and EDP functions, besides supervising the administrative and personnel activities of the Company.  Coordinated/monitored Branches network, including performance and expansion activities. On behalf of the Company interaction/negotiations with Banks/DFIs/Financial Brokerage Houses - good working knowledge of loan finance facilities/TDR arrangements, Repo facilities, TFCs, CDC Shares maintenance, etc.

           

Senior Financial Systems Consultant & Support Function Leader - Risk Management: worked in Coopers & Lybrand Consulting, Pakistan (Pricewaters Coopers). Involved in the evaluation, analysis and design of customized, accounting and financial systems for clients, modification of financial accounting and budgeting systems of Companies focused towards more efficient operations. Area of expertise is in financial systems development and implementation, including cost, budgeting and accounting systems. Some assignments included: UNIDO-Intechmart program; World Bank-CIDA assignment for Sui Northern Gas Pipelines Ltd. (SNGPL), Family Planning Association of Pakistan (FPAP) and numerous other projects (pharmaceuticals, textiles/manufacturing units, Pakistan Government organizations and NGOs etc.)

Manager Finance: Rex Baren Batteries Limited, Pakistan - Besides handling the day-to-day accounts-related matters and financial concerns of the Company, including preparation of Annual Reports and fulfilling Stock Exchange requirements. Interfacing with Banks/DFIs, Leasing Company and other Financial Institutions. Involved in office systems documentation and modifications for operational efficiency, master budget plan and development and computerization, cost system analysis, financial benchmarking for evaluation of project, etc.

 

Chartered Accountant Articled Student in Ford, Rhodes, Robson, Morrow (Rep. of Ernst & Young in Pakistan) and Rehman Sarfaraz and Company and completed four years articleship: Carried out assignments in internal control evaluation, auditing, financial statements preparation, project evaluation and feasibilities, financial systems analysis, risk analysis, cost analysis/costing, consultancy - office systems development and implementation, special investigations, and extensive interactions with clients and others. Experience includes auditing of banks, insurance & leasing companies, manufacturing units, hotels, donor agencies, non-government organizations and medical units among others. Other non-auditing consultancy was also provided in other sectors including development and implementation of computerized financial systems and other services in sectors comprising textiles, automobiles, footwear, agri- business, chemicals & pharmaceuticals, FMCGs, Glass & Ceramics, and other sectors in the manufacturing and service industries.

 

QUALIFICATIONS

  • PhD (Finance & Corporate Governance) – Victoria Business School, Victoria University of Wellington, New Zealand.
  • Thesis Title: Value and Risk Effects of Financial Derivatives: Evidence of Corporate Governance on Hedging, Speculation and Selective Hedging Strategies.
  • MBA (Finance) – University of South Florida, Florida, USA
  • Student Member of The Institute of Chartered Accountants of Pakistan (ICAP) with completion of CA(Inter)

 

CERTIFICATES

  • Insurance & Risk - Pakistan Insurance Corporation, Lahore, Pakistan.
    • Management Communication Skills Development - Washington DC, USA
    • Mathematics of Risk Management – Lahore University of Management Sciences, Lahore, Pakistan.
    • 360 Degrees of Research – University of Management and Technology, Lahore, Pakistan.
    • SPSS - University of Management and Technology, Lahore, Pakistan.

 

HONORS /AWARDS

  • Victoria University of Wellington Doctoral Scholarship
  • Victoria University of Wellington Doctoral Submission Scholarship
  • United States Agency for Academic Development Scholarship
  • Beta Gamma Sigma, Honor Society “In recognition of high scholastic achievement”
  • Phi Kappa Phi, Honor Society for achieving and maintaining top 5% position in the business program.

 

ACADEMIC POSITIONS

  • Member: Editorial Advisory Board, “Journal of Management and Research”; Official Journal of School of Business & Economics, UMT, Pakistan. 

 

TRAININGS CONDUCTED

  • Business Plan Development for doctors at the University of Veterinary and Animal Sciences, Lahore, Pakistan.
  • Training at Coopers & Lybrand, Pakistan on “Risk Management” for consultants.
  • Training of Women Entrepreneurs at Multan, Pakistan: a USAID – CENTIN/UMT Project

 

CONFERENCES AND RESEARCH

International Conferences, Consortiums, Symposiums

  • Tashfeen R. and Suleman, T. (2017). Eighth Financial Markets and Corporate Governance Conference, Wellington, New Zealand. Board Gender Diversity and Risk Management: And a View of the Financial, Investment and Liquidity Policies.
  • Tashfeen R. (2016). SACL Research Seminar, Victoria Business School, Victoria University of Wellington. Board Gender Diversity and Risk Management: And a View of the Financial, Investment and Liquidity Policies.
  • Tashfeen R. (2016). Eighth Annual Quantitative Accounting Research Symposium and Consortium (QARN), Wellington. Awarded Best Paper. Board Gender Diversity and Risk Management: And a View of the Financial, Investment and Liquidity Policies.
  • Tashfeen R. (2015). Presented at the PhD Colloquium at Victoria University of Wellington, Wellington, New Zealand. Financial Derivatives: Evidence of Corporate Governance Risk Management Strategies.
  • Tashfeen, R. (2015). Presented at the PhD Symposium of Financial Markets and Corporate Governance 2013 and 2015, Wellington, New Zealand. Financial Derivatives: Evidence of Corporate Governance Hedging Strategies.
  • Tashfeen, R. (2013). Presented at the PhD Symposium, Accounting Association of Australia & New Zealand (AFAANZ), in Perth, Australia. Financial Derivatives and Corporate Governance.
  • Tashfeen, R. (2013). Presented at the PhD Symposium of Financial Markets and Corporate Governance 2013, Wellington, New Zealand. Financial Derivatives: and Corporate Governance.
  • Tashfeen, R. (2013). Presented at the PhD Symposium of Financial Markets and Corporate Governance 2013, Wellington, New Zealand. Financial Derivatives and Corporate Governance.
  • Tashfeen R. (2012). Presented at the American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting held on August 4-8, Washington DC. Do We Need to Re-evaluate the Empirical Measures for the Determinants of Derivatives Use?

 

RESEARCH

  • Saad Ullah, Siddiqui, A. and Tashfeen, R. (2017). Determinants of corporate financial leverage in Pakistan: Evidence of industry-wise sector analyses using a structural equation modelling framework. Journal of Managerial Sciences, under review. Available at  SSRN: https://ssrn.com/abstract=2932847.
  • Tashfeen, R. and Azhar T. (2017). The Financial Crisis Recapitulated: Institutional Environment and Background of Corporate Governance and Financial Derivatives. Journal of Management and Research, under review.
  • Tashfeen, R. and Azhar T. (2016). Revisiting Financial Derivatives and Corporate Governance, with Varying Levels of Financial Distress: A Simultaneous Equations Framework. Abasyn Journal of Social Sciences, under review. Available at SSRN: https://ssrn.com/abstract=2890018
  • Tashfeen, R., Azhar, T., and Suleman, T. (2016). Who is Minding the Store? Audit Committee and Risk Management. Pakistan Business Review, under review. Available at: SSRN: https://ssrn.com/abstract=2873846
  • Tashfeen, R. (2016). Board Gender Diversity and Risk Management: And a View of the Financial, Investment and Liquidity Policies. Working Paper, Victoria Business School, Victoria University of Wellington. Available at SSRN: https://ssrn.com/abstract=2867239
  • Tashfeen, R. (2016). The Proxies Conundrum. Journal of International Financial Management and Accounting, under review. Available at SSRN: https://ssrn.com/abstract=2817695
  • Tashfeen, R. and Azhar, T. (2016). A Hedge Or Not A Hedge that is the Question: A Value and Risk Matrix Perspective. Journal of Business Economics, under review. Avilable at SSRN: https://ssrn.com/abstract=2886994
  • Tashfeen, R. and Azhar, T. (2016). Review of Financial Derivatives and Corporate Governance.  International Journal of Business and Management, under review. Available at SSRN: https://ssrn.com/abstract=2890626.
  • Suleman, T. and Tashfeen, R. (2015). Political Risk and Volatility Spillover of Stock Returns: India and Asian Markets. Working Paper, Victoria Business School, Victoria University of Wellington.
  • Azhar, T., Azhar, S. and Tashfeen R. (2016). The Hidden Hand of Market Orientation in adopting Strategic Orientations: Cannonical Correlation Analysis. Pakistan Business Review, under review.
  • Tashfeen, R., and Azhar, T. (2016). Is bigger better? Firm size implications of corporate governance risk management.  Global Management Journal of Academic and Corporate Studies (GMJACS), under review. Available at SSRN: https://ssrn.com/abstract=2933024.
  • Azhar S.M and R. Tashfeen, (2010). “Corporate Social Responsibility: Future Research Directions”. Interdisciplinary Journal of Contemporary Research in Business, ISSN 2073-7122, Vol 2 (5), September Edition.

 

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