Dr Ariful Hoque
PhD in Finance, Curtin; B.Sc. Engg, BUET

Associate Dean Postgraduate Degrees

About me

I joined the Murdoch Business School in February 2012. At present, I am Senior Lecturer of Finance and Associate Dean for Postgraduate Degrees. Previously, I worked as Lecture of Finance for University of South Australia and University of Southern Queensland (USQ) in the School of Commerce and Faculty of Business, respectively. Prior to USQ, I was Assistant Professor and Chair in Banking and Finance discipline at University of Dubai; an AACSB accredited University. In November 2008, Curtin University of Technology conferred my Doctoral Award in Finance. My Bachelor’s degree is in Civil Engineering from the Bangladesh University of Engineering and Technology (BUET).

I held different positions in the industry for thirteen years before commencing my academic career. I worked as Business Analyst/Programmer with quite a few well reputed organisations, including St. George Bank (Australia) and Air New Zealand (New Zealand). I also served as Civil Engineer at several Multinational Construction Companies in Bangladesh.

 

Teaching area

  1. BUS311 – Investment Analysis
  2. BUS322 – International Finance
  3. MBS699 – Global Financial Management

 

Research areas

My blended experiences (Finance, Information Technology and Engineering) stimulate me to multidisciplinary research. My interest areas of study (alphabetically) include, but are not limited to, Australian carbon tax, carbon emissions, currency options, derivatives, financial engineering, forecasting volatility, foreign exchange market and market micro structure. I have published a number of research articles in the Excellence in Research for Australia (ERA), and Australians Business Deans Council (ABDC) ranked international professional journals.

Current projects

  • Australian Carbon Tax Issues
  • Modelling Volatility and Market Micro Structure

Awards and grants

Awards:

  1. 2011 Supported Researchers in the School of Commerce, University of South Australia

Grants:

1. Hoque, A, Hassan, K., (2014), School of Management and Governance Small Research Grant ($3,5000), Title: News, Temperature and Stock Return: Do All Stocks Respond Equally Around the Year?

1. Hoque, A. (2012), Murdoch Business School Research Seed Money ($6,000), Title: Components of Option Vega: A Corporate Finance Perspective

2. Hoque, A. (2011), UniSA (University of South Australia) Divisional Research Grant ($3,221), Title: Efficient Pricing of Currency Options Using Realized Volatility.

3. Krishnamurti, C., and Hoque, A.,(2010), USQ (University of Southern Queensland) Research Scholarships Scheme ($6,100), Title: Optimal Design for an Australian CO2 Emission Rights Options Market

Events and speaking engagements

05 November 2012: Post Graduate Sundowners and Information Evening

I welcome existing and prospective postgraduate students to Murdoch Business School. I invited Alex, Ex MBA student as guest speaker who shared his learning experience at Murdoch. I also organised an Information Session for the prospective postgraduates which has been conducted by Dr Megan Paull.

23-24 August, 2012, Busan,
Korea: The 8th Annual Conference of Asia-Pacific Association of Derivatives (Partial Sponsored)

Paper Title: Pricing Currency Options with Intra-Daily Implied Volatilit

http://www.ssrn.com/update/fen/fenann/ann12186.html

16 July 2012: Post Graduate by Course Orientation

I welcome new postgraduate students to Murdoch Business School. I discussed on our Postgraduate Course structure and talked about the course delivery-related key issues. I answered their questions, which helped them to discover that they are on the right track to achieving the postgraduate qualification in business that they are looking for.

Professional and community service

Professional Memberships:

  1. International Association for Quantitative Finance (IAQF)
  2. Accounting and Finance Association of Australia and New Zealand (AFAANZ)
  3. Global Science and Technology Forum (GSTF)

Others:

  1. Visiting Professor (Research), Faculty of Business, Ostfalia University, Wolfsburg, Germany. (26 October – 08 November 2014)
  2. Adjunct Senior Research Fellow – Faculty of Business and Law, University of Southern Queensland
  3. Reviewer for Tourism Management (A* Journal)
  4. Reviewer for Energy Policy Journal (A Journal)
  5. Reviewer for The European Journal of Finance (B Journal)
  6. Reviewer for Australasian Accounting Business and Finance Journal (B Journal)

Doctoral and masters supervisions

 

  1. PhD Supervisions: 2
  2. Masters Supervisions: 2
  3. PhD Completions: 2

 

Publications

Books:

  1. Hoque, A., (2010), “Essays in Foreign Currency Options Markets”, VDM Verlag Dr. Muller, Germany, ISBN: 978-3-639-29957-1.

 

Refereed Journal Articles:

 

  1. Hoque, A., and Hassan, K., and Krishnamurti, C., (2015), “Does CIA Occur During Financial Turbulence?” Academy of Taiwan Business Management Review, Vol. 11, Issue 1, (forthcoming).
  2. Hoque, A., and Kalev, P.,  (2015), “Pricing Currency Options with Intra-Daily Implied Volatility,” Australasian Accounting Business and Finance Journal, Vol. 9, Issue 1, 43-56.
  3. Hassan, K., and Hoque, A., Koku, P. S., (2015), “Purchasing Power Parity in the SAARC Region: Evidence from Unit Root Test with Cross-sectional Dependence,” The Journal of Developing Areas, Vol. 49, (forthcoming).
  4. Hoque, A., and Koku, P. S.,  (2014), “Carbon Emission Reduction Policy in Australia: Lessons and Implications,” Academy of Taiwan Business Management Review, Vol. 10, Issue 2, 25-33.
  5. Hoque, A., and Banerjee, R.,  (2014), “The Stationarity of South Asian Real Exchange Rates Allowing for Structural Break,” Australasian Accounting Business and Finance Journal, Vol. 8, Issue 3, 45-54.
  6. Hassan, K., and Hoque, A., (2013), “Temporal causality in purchasing power parity relationship: Evidence from Australia,” Academy of Taiwan Business Management Review, Vol. 9, Issue 3, 138-146.
  7. Boolaky, P. K., Krishnamurti, C., and Hoque, A., (2013), “Determinants of the Strength of Auditing and Reporting Standards: A Cross-Country Study,” Australasian Accounting Business and Finance Journal, Vol. 7, Issue 4, 17-36.
  8. Hoque, A., and Krishnamurti, C., (2013), “A Proposed Solution For The Chicken-Egg Dilemma In Pricing Currency Options,” Australasian Accounting Business and Finance Journal, Vol. 7, Issue 2, 71-86.
  9. Hoque, A., (2012), “The Effects of the European Sovereign Debt Crisis on
    Major Currency Markets,” International Research Journal of Finance and Economics, Issue 101, 75-80.
  10. Hoque, A., (2012), “Effect of European Debt Crisis Spillover on Currency
    Options Pricing,” Academy of Taiwan Business Management Review, Vol 8, Issue 3, 73-77.
  11. Hoque, A., and Krishnamurti, C., (2012), “Modeling Moneyness Volatility in Measuring Exchange Rate Volatility,” International Journal of Managerial Finance, Vol 8, Issue 4, 365-380.
  12. Hoque, A., (2011), “Augmentation of Currency Options Market Efficiency by Pricing Market Mispriced Options,” Academy of Taiwan Business Management Review, Vol 7, Issue 3, 71-77.
  13. Krishnamurti, C., and Hoque, A., (2011), “Efficiency of European Emissions Markets: Lessons and Implications”, Energy Policy, 39, 6575-6582.
  14. Rashid, A, and Hoque, A., (2011), “Corporate Capital Structure and Firm Performance: Evidence from Bangladesh,” Academy of Taiwan Business Management Review, Vol. 7, Issue 2, 59-72.
  15. Hoque, A., (2011), “Transaction Cost Discovery by Decomposition of the Error Term: A Bootstrapping Approach,” The International Journal of Business and Finance Research, Vol. 5, No 1, 113-121.
  16. Hoque, A., (2010), “Is Implied Volatility Sensitive to The Choice of Currency Options Maturity Period?,” Academy of Taiwan Business Management Review Vol. 6, Issue 4, 102-109.
  17. Hoque, A., Manzur, M., and Poitras, G.,(2010), “Influence of Transaction Costs on Foreign Exchange Option Contracts: Intra-Daily Tests,” International Journal of Banking and Finance, Vol 7, Issue 2, 1-18.
  18. Hoque, A., (2010), “Cause-and-Effect between Implied Volatility and Options Price,” Academy of Taiwan Business Management Review Vol. 6, Issue 3, 111-117.
  19. Hoque, A., (2010), “Econometric Modelling for Transaction Cost-Adjusted Put-Call Parity: Evidence from the Currency Options Market,” International Research Journal of Finance and Economics, Issue 43, 119-127.
  20. Hoque, A., (2010), “World Currency Options Market Efficiency,” Banks and Bank Systems, 5, 117-122.
  21. Hoque, A., (2010), “Put-Call Parity Econometric Model for Currency Options Market Efficiency Tests,” Academy of Taiwan Business Management Review Vol. 6, Issue 2, 84-91.
  22. Manzur, M., Hoque, A., and Poitras, G., (2010), “Currency Option Pricing and Realized Volatility,” Banking and Finance Review 2, 73-86.
  23. Hoque, A., Chan, F., and Manzur, M., (2009), “Modelling Volatility in Foreign Currency Option Pricing,” Multinational Finance Journal 13, 181-200.
  24. Hoque, A., Chan, F., and Manzur, M., (2008),“Efficiency of the Foreign Currency Options Market,” Global Finance Journal 19, 157-170.

Refereed Conference Proceedings:

  1. Hassan, K., and Hoque, A., (2015), , “Sustainability of Malaysian Current Account Balance: Evidence from ARDL Bounds Tests Approach,” Australian Academy of Business and Social Sciences (AABSS) Conference, Kuala Lumpur, Malaysia.
  2. Hoque, A., Hassan, K., Gasbarro, D., and Krishnamurti, C., (2015), “Does Currency Smirk Predict Foreign Exchange Return?,” International Congress on Banking, Economics, Finance, and Business, Fukuoka, Japan.
  3. Hassan, K., and Hoque, A., and Rao, A., (2015), “Sustainability of Current Account Balance in ASEAN Countries: Evidence from Panel Error Correction Model,” Australasian Conference on Business and Social Science, Sydney.
  4. Hassan, K., Hoque, A., and Koku, P. S.,(2014), “Purchasing Power Parity in the SAARC region: Evidence from Panel Unit Root Test with Cross Sectional Dependence,” Australasian Conference on Business and Social Science, Malaysia.
  5. Hoque, A., and Koku, P. S., (2013), “The Carbon Tax in Australia and its Likely Effects,” Proceedings of Congress on Economy, Finance and Business, Bangkok, Thailand.
  6. Velayutham, E., Krishnamurti, C., and Hoque, A., (2013), “Internal Corporate Governance, Environmental Committee and Environmental Risks Information: Australian Evidence,” Proceedings of World Business and Social Science Research Conference, Bangkok,Thailand.
  7. Hoque, A., and Hassan, K., (2013), “Modelling of a Single Currency for Australia and New Zealand,” Proceedings (published by CRC/Balkema Taylor & Francis) of International Congress on Interdisciplinary Business and Social Science, Jakarta, Indonesia.
  8. Hoque, A., (2013), “Efficiency of the Currency Options Market During The Global Financial Crisis,” Proceedings of 3rd International Conference on Accounting and Finance, Bangkok, Thailand.
  9. Hoque, A., (2012), “Asia-Pacific Currency Options Pricing Analysis,” Proceedings (published by Procedia Social and Behavioral Sciences Journal, ELSEVIER) of International Congress on Interdisciplinary Business and Social Science, Jakarta, Indonesia.
  10. Hoque, A., Banerjee, R., (2012), “Does Purchasing Power Parity Hold for Garment Export-Oriented Developing Countries?,” Proceedings (published by Procedia Social and Behavioral Sciences Journal, ELSEVIER) of International Congress on Interdisciplinary Business and Social Science, Jakarta, Indonesia.
  11. Hoque, A., (2012), “Modeling Intra-Daily Implied Volatility in Forecasting Options Price,” Proceedings of 16th International Business Research Conference, Dubai.
  12. Hoque, A., and Krishnamurti, C., (2011), “Modeling Moneyness Volatility in Measuring Exchange Rate Volatility,” Proceedings of 2011 IEEE Symposium on Computational Intelligence for Financial Engineering & Economics, Paris, France.
  13. Hoque, A., and Krishnamurti, C., (2011), “A Minted Panacea for the Chicken-Egg Dilemma in Pricing Currency Options,” Proceedings of 2nd International Conference on Financial Theory and Engineering, Shanghai, China.
  14. Hoque, A., (2008), “Modelling Exchange Rate Return Behavior for Pricing Currency Options,” Proceedings of The 2008 International Conference on Business Intelligence and Financial Engineering, Changsha, China.

Refereed Conference Presentation:

  1. Hassan, K., and Hoque, A., (2015), , “Sustainability of Malaysian Current Account Balance: Evidence from ARDL Bounds Tests Approach,” Australian Academy of Business and Social Sciences (AABSS) Conference, Kuala Lumpur, Malaysia.
  2. Hoque, A., Hassan, K., Gasbarro, D., and Krishnamurti, C., (2015), “Does Currency Smirk Predict Foreign Exchange Return?,” International Congress on Banking, Economics, Finance, and Business, Fukuoka, Japan.
  3. Hassan,K., and Hoque, A., and Rao, A, (2015), “Sustainability of Current Account Balance in ASEAN Countries: Evidence from Panel Error Correction Model,” Australasian Conference on Business and Social Sciences (ACBSS), Sydney.
  4. Velayutham, E., Krishnamurti, C., and Hoque, A, (2014), “The Role of Voluntary Corporate Governance Mechanism on Environmental Risk Disclosure: Australian Evidence,” 5th Financial Markets and Corporate Governance Conference, Brisbane, Australia.
  5. Hassan, K., and Hoque, A., Koku, P. S., (2014), “Purchasing Power Parity in the SAARC region: Evidence from Panel Unit Root Test with Cross Sectional Dependence,” Australian Academy of Business and Social Sciences (AABSS) Conference, Kuala Lumpur, Malaysia.
  6. Hoque, A., Hassan, K., and Krishnamurti, C., (2014), “Covered Interest Parity and the European Sovereign Debt Crisis,” 21st Annual Conference of the Multinational Finance Society, Prague, Czech Republic.
  7. Kalev, P., and Hoque, A., (2013), “Pricing Currency Options with Intra-Daily Implied Volatility,” 3rd International Conference of the Financial Engineering and Banking Society, Paris, France.
  8. Hoque, A., and Kalev, P., (2012), “Pricing Currency Options with Intra-Daily Implied Volatility,” 8th Annual Conference of Asia-Pacific Association of Derivatives, Busan, Korea.
  9. Manzur, M., Hoque, A., and Poitras, G., (2010), “Currency Option Pricing and Realized Volatility,” Proceedings of 17th Annual Conference of the Multinational Finance Society, Barcelona, Spain.
  10. Hoque, A., Manzur, M., Poitras, G., (2010), “Put-Call Parity, Transactions Costs and PHLX Currency Options: Intra-Daily Tests,” Proceedings of 59th Midwest Finance Association Annual Conference, Las Vegas, USA.
  11. Hoque, A., (2007), “Alternative Volatility Models for Pricing European Currency Options,” 20th Australasian Finance & Banking Conference, Sydney, Australia.
  12. Hoque, A., Chan, F., and Manzur, M., (2006), “Volatility Model of the Foreign Currency Options Market,” 13th Annual Conference of the Multinational Finance Society, Edinburgh, UK.