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Dr Muhammad Asim Afridi

Dr Muhammad Asim Afridi

Tenured Professor/HoD

Area of Interest: Economics, Banking and Finance, Data Analytics

Email: [email protected]

HEC Approved PhD Supervisor

Academics / Degrees

  • PhD Economics, Aix-Marseille University France, 2013
  • Master Economic Analysis and Econometrics, Aix-Marseille University, 2008
  • MSc Economics, International Islamic University Islamabad Pakistan, 2003
  • Bachelor of Arts, University of Peshawar Pakistan, 2000

Profile / Bio

  • Associate Professor (Tenured), (July 2020 – Present), COMSATS University Islamabad Pakistan, Abbottabad Campus
  • Assistant Professor, (November 2013 – June 2020), COMSATS University Islamabad Pakistan, Abbottabad Campus
  •  Assistant Director, State Bank of Pakistan, (2003-2013)

Research Interests

Development Economics, Banking and Finance

Awards

  • Best Employee of the Department of Management Sciences (Honorarium Awarded 2023-24)
  • Best Researcher of the Department of Management Sciences Award 2021-24, (Honorarium Awarded (2021-24)
  • Best Employee of the Department of Management Sciences (Honorarium Awarded 2022-23)
  • Best Researcher Award 2018-21, (Honorarium Awarded 2018-21)

Students Supervised

  1. Tahir Afzal, Hybridizing Asset Pricing Models and Deep Learning Techniques for Forecasting Portfolio Returns
  2. Muhammad Idrees, He presented his synopsis in April 2023. He will submit first draft of his thesis to the supervisory committee in January 2026 to appear for internal defense of his research thesis
  3. Naila Bibi (She successfully defended her PhD thesis in December 2023) Title of the thesis: Job and Organizational Performance: An Integrated Model of Job Love and Contextual Factors

Journal Publications

1. Naveed Khan,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Syed Sadaqat Ali Shah Medium-term State-Dependent Fiscal Multipliers in BRICS - Empirical Evidence from a Panel Data Local Projection Model, The Chinese Economy, 2026
2. Muhammad Wasif Hanif,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Cascading effects of geopolitical risk on environmental quality and public health in BRICS, Frontiers in Public Health, 2026
3. Xiyu Wang,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Ecosystem Deterioration, Adaptation Pathways and Resilience Under Inclusive Land Governance in Degraded Chinese Landscapes, Land Degradation & Development, 2026
4. Ismail Khan,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Corporate Governance and Firm Value: The Moderation of Product Market Competition in a Developing Market , Corporate Governance, 2026
5. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a> Market Structure, Efficiency, and the Quest for Banking Performance: New Insights from an Evolving Banking Market, International Journal of Financial Studies, 2026
6. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Ismail Khan Remittances as a driver of economic growth: the moderating impact of financial development in developing economies, Journal of Economic and Administrative Sciences, 2025
7. Muhammad Wasif Hanif,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Advanced Computational MCDA for Renewable EnergyResilience and Sustainable Resource Management inClimate-Sensitive Regions, Geological Journal, 2025
8. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Countering Geopolitical Risk: The Synergy of Climate Finance and Financial Access for Entrepreneurship, Finance Research Letters, 2025
9. Tahir Afzal,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=588" title="Dr. Naveed Jan">Jan, N.</a> Integrating LSTM with Fama-French six factor model for predicting portfolio returns: Evidence from Shenzhen stock market China, Data Science in Finance and Economics, 2025
10. Tahir Akhtar,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> CORPORATE GOVERNANCE, BLOCKCHAIN TECHNOLOGY AND FIRM PERFORMANCE, The Singapore Economic Review, 2024
11. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Fiscal Resilience or Vulnerability? Assessing Public Debt Sustainability in the Developing Countries during 1996-2020, Journal of Knowledge Economy, 2024
12. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Evaluating the Kuznets curve relationship between economic growth and child labor in an emerging economy, International Journal of Social Economics, 2024
13. Syed Muhammad Shuja,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=588" title="Dr. Naveed Jan">Jan, N.</a> Bank Lending Channel of Monetary Policy: Empirical Evidence from Bank Level Data of Selected Emerging Economies, Qlantic Journal of Social Sciences, 2024
14. Syed Sadaqat Ali Shah,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Empirical examination of public debt sustainability in African economies: A panel data analysis, Journal of Public Affairs, 2023
15. Syed Sadaqat Ali Shah,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Cyclical variation of fiscal multipliers in Caucasus and Central Asia economies: an empirical evidence, Economic Change and Restructuring , 2023
16. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a> What drives small and medium enterprises to establish and terminate banking relationships?, EconomiA, 2023
17. Syed Sadaqat Ali Shah,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Sarmad Jadoon Relevance of twin deficit hypothesis in the presence of structural breaks: an evidence from Pakistan, Quality & Quantity, 2023
18. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Is Trade Openness Relevant in Reducing Food Deficit? Evidence from African Countries, Iranian Economic Review, 2023
19. Ismail Khan,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Evaluating sustainability reporting on GRI standards in developing countries: a case of Pakistan, International Journal of Law and Management, 2023
20. Muhammad Wasif Hanif,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=572" title="Dr. Shakir Hafeez">Hafeez, S.</a> Does wastophobia bring sustainability in consumers’ responsible behavior? A case of electricity waste management, International Journal of Energy Sector Management, 2023
21. Naila Bibi,<a href="MemberDetails.aspx?memberID=519" title="Bilal Bin Saeed">Saeed, B. B.</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> An Integrated Approach to Linking Job Love with Contextual Factors and Performance: An Empirical Study from Pakistan, An Integrated Approach to Linking Job Love with Contextual Factors and Performance: An Empirical Study from Pakistan, 2022
22. <a href="MemberDetails.aspx?memberID=572" title="Dr. Shakir Hafeez">Hafeez, S.</a>,<a href="MemberDetails.aspx?memberID=367" title="Dr. Syed Afzal Moshadi Shah">S.A.M.Shah</a>,<a href="MemberDetails.aspx?memberID=303" title="Dr. Naveed Iqbal">Iqbal, N.</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Wastophobia: A path towards Sustainability in Responsible Behavior - A Case study of Domestic Sector electricity Waste Management, International Journal of Energy Economics and Policy, 2021
23. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=297" title="Dr. Imran Khan">Imran khan</a>,Muddassar Khan The Relationship between Intellectual Capital and Banks’ Productivity in Pakistan, Abasyn Journal of Social Sciences, 2021
24. Ismail Khan,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Iftikhar Khan Does Board Diversity Matter for the Quality of CSR Disclosure? Evidence from the Financial Sector of Pakistan, REVISTA BRASILEIRA DE GESTÃO DE NEGÓCIOS, 2021
25. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,Ahmad Ali Jan,Syed Quaid Ali Shah,Md Badrul Alam,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=592" title="Dr. Malik Fahim Bashir">Bashir, M.F.</a>,<a href="MemberDetails.aspx?memberID=577" title="Dr. Yasir Bin Tariq">Tariq, Y. B.</a> Foreign Inflows and Economic Growth in Pakistan: Some New Insights, Journal of Chinese Economic and Foreign Trade Studies, Volume 13, Issue 3, pp97-113 , 2020
26. Asif Ali,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=592" title="Dr. Malik Fahim Bashir">Bashir, M.F.</a> Do Islamic Banks Perform Better than Conventional Banks? , Turkish Journal of Islamic Economics, 2020
27. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Imran Abbas Jadoon,<a href="MemberDetails.aspx?memberID=588" title="Dr. Naveed Jan">Jan, N.</a>,Usman Ayub Capital Asset Pricing Model and Artificial Neural Networks: A Case of Pakistan’s Equity Market, Pakistan Journal of Social Sciences, 2020
28. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,Arshad Hayat,<a href="MemberDetails.aspx?memberID=272" title="Dr. Kashif Rashid">K.Rashid</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=577" title="Dr. Yasir Bin Tariq">Tariq, Y. B.</a> Human Capital and Economic Growth in OECD: Some New Insights, Human Capital and Economic Growth in OECD: Some New Insights, 2020
29. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=299" title="Dr. Aziz Ullah Sayal">Aziz Ullah Sayal</a>,m. shah Loan Quality: Does Bank Corporate Governance Matter?, Applied Economics Letters, 2020
30. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Determinant of Productivity Growth: Evidence from Emerging Asian Countries, Central Asia, 2019
31. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=310" title="Imran Naseem">I.NASEEM</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=519" title="Bilal Bin Saeed">Saeed, B. B.</a> A Descriptive Analysis of Research Culture in Pakistan, FWU Journal of Social Sciences, Fall 2019, Vol.13, No.2, 2019
32. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=310" title="Imran Naseem">I.NASEEM</a>,<a href="MemberDetails.aspx?memberID=519" title="Bilal Bin Saeed">Saeed, B. B.</a> Terrorism and its Determinants in the Sub‐Saharan Africa Region: Some New Insights., African Development Review, 2019
33. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=310" title="Imran Naseem">I.NASEEM</a>,<a href="MemberDetails.aspx?memberID=519" title="Bilal Bin Saeed">Saeed, B. B.</a> Terrorism and its determinants in the sub‐Saharan Africa region: Some new insights, African Development Review, 2019
34. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=310" title="Imran Naseem">I.NASEEM</a> Per capita income, trade openness, urbanization, energy consumption, and CO 2 emissions: an empirical study on the SAARC Region, Environmental Science and Pollution Research, 2019
35. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=310" title="Imran Naseem">I.NASEEM</a> Per capita income, trade openness, urbanization, energy consumption and CO2 emissions: An empirical study on SAARC Region, Environmental Science and Pollution Research, 2019
36. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Antecedents of Careerism: A Mediated- Moderated Model, Global Social Science Review, 2019
37. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,Tooba Mazher,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Trade openness and sectoral growth in developing countries: some new insights, Journal of Chinese Economic and Foreign Trade Studies, 2019
38. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,Estrada, Mario Arturo Ruiz,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> FOREIGN INFLOWS AND ECONOMIC GROWTH: AN EMPIRICAL STUDY OF THE SAARC REGION, Economic Systems, 2018
39. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,<a href="MemberDetails.aspx?memberID=299" title="Dr. Aziz Ullah Sayal">Aziz Ullah Sayal</a> Impact of Foliar NPK and NAA Blended with Organic Material on Tomato Yield Attributes and Properties of Soil, Pakistan Journal of Agricultural Research, 2018
40. <a href="MemberDetails.aspx?memberID=519" title="Bilal Bin Saeed">Saeed, B. B.</a>,Bilal Afsar,<a href="MemberDetails.aspx?memberID=572" title="Dr. Shakir Hafeez">Hafeez, S.</a>,<a href="MemberDetails.aspx?memberID=297" title="Dr. Imran Khan">Imran khan</a>,<a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Promoting employee’s pro-environmental behavior through Green Human Resource Management practices, Corporate Social Responsibility and Environmental Management, 2018
41. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Intellectual Capital and Financial Performance of Banks in Pakistan., Dialogue (Pakistan), 2018
42. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Syed Sadaqat Ali Shah Assessing nature of competition in banking sector of Pakistan, The Journal of Finance and Data Science, 2017
43. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Role of Socialization on Safety Behavior of Employees, International Journal of Business Studies Review, 2016
44. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Muhammad Ehsan Javaid Determinants of Competitiveness in Textile Industry of Pakistan, International Letters of Social and Humanistic Sciences, 2015
45. <a href="MemberDetails.aspx?memberID=591" title="Dr. Muhammad Tahir">M.Tahir</a>,<a href="MemberDetails.aspx?memberID=297" title="Dr. Imran Khan">Imran khan</a>,<a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a>,Ruiz Estrada, M., The role of trade openness for industrial sector development: panel data evidence from SAARC region. , Journal of Asia Business Studies , 2015
46. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> FLUX INTERNATIONAUX D’AIDE À LA SANTÉ, TAUX DE MORTALITÉ ADULTE ET PIB Le « triangle d’or » du développement ? *, Revue Tiers Monde, 2013
47. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Impact of health aid in developing countries: The public vs. the private channels, Economic Modelling, 2013
48. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> 1. Granger causality between international foreign aid, health outcomes and GDP: evidence from panel analysis , European Economics Letters , 2013
49. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Is the role of international health aid on adult mortality efficient? Evidence from developing countries using DEA approach , The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, 2013

Conference Publications

1. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> What Matters for Banks’ Performance? Market Power or Efficient Structure, , 2018
2. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Impact of health aid in developing countries, , 2011
3. <a href="MemberDetails.aspx?memberID=590" title="Dr. Asim Afridi">Asim Afridi</a> Does foreign aid buy health and wealth? Granger-Causality tests on panel data, , 2011