Dr. Nayeem ul Hasan Anasari
Designation
Assistant Professor
Department
- Faculty of Management Science, Department of Business Administration
Specialization
Finance
Qualifications
PhD in Management Sciences
Quick Links
Biography
PhD-qualified finance academic, researcher, and former corporate finance executive with 25+ years of combined experience across higher education, corporate finance, accounting, financial management, academic leadership, accreditation compliance, and applied research.
Currently serving as Assistant Professor at Salim Habib University, following a distinguished academic tenure at the Institute of Business Management (IoBM).
Brings strong expertise in teaching, curriculum development, research supervision, AACSB documentation, NBEAC compliance, LMS adoption, institutional quality assurance, and academic governance.
Published in HEC-recognized and international journals, presented research at national and international conferences, reviewed for international impact-factor journals, and contributed to institutional development through faculty advisory, accreditation, committee, and conference leadership roles.
Courses Taught
• Financial Management
• Corporate Finance
• Business Finance
• Financial Institutions & Markets
• Financial Accounting
• Advanced Financial Accounting
• Corporate Reporting
• Cost & Managerial Accounting
• Financial Statement Analysis
Achievements
Research Interest
Financial Inclusion, Green Finance, Corporate Finance
Selected Publications
15/04/2026
Beyond Financial Distress: The Emerging Strategic Dynamics of Corporate Delisting on the Pakistan Stock Exchange
This study examines the changing dynamics of corporate delisting on the Pakistan Stock Exchange (PSX) from a historical, financial, and governance perspective. It begins from the conventional understanding that firms typically exit public markets because of distress, insolvency, or regulatory failure, and then tests whether the contemporary Pakistani experience continues to fit that explanation. The paper argues that the logic of delisting in Pakistan has become more complex: financially weak firms still leave because they can no longer sustain listing obligations, but a growing set of comparatively healthy firms also choose to delist for strategic reasons such as tighter sponsor control, lower compliance burden, and dissatisfaction with public market valuation. Methodologically, the study adopts a post-positivist and mixed-method design. It combines historical review, descriptive financial analysis, and case-based interpretation guided by hazard-model logic. A purposive sample of twelve companies delisted between 2018 and 2023 is examined using annual reports, PSX records, PIDE data, SBP financial statement material, and relevant regulatory and media documentation. Core analytical variables include earnings per share, firm size, liquidity, leverage, and asset efficiency, alongside a qualitative assessment of governance and disclosure conditions. The analysis shows that involuntary delisting remains strongly associated with acute financial deterioration, particularly negative profitability, fragile liquidity, and capital structure stress. At the same time, selected voluntary delistings, especially buy-back cases, reveal a strategic pattern in which controlling shareholders withdraw firms from the market despite viable operations. This dual pattern has direct consequences for minority shareholder protection, transparency, price discovery, and overall market depth. The study concludes that delisting in Pakistan should no longer be interpreted exclusively as a symptom of corporate collapse. It increasingly reflects a strategic governance choice whose implications extend beyond the exiting firm to the wider credibility of the capital market. Accordingly, the paper recommends more robust valuation safeguards, stronger disclosure discipline, and clearer regulatory mechanisms to protect minority investors during delisting transactions.
31/03/2026
FinTech Continuance among SBOs: Evidence from an Emerging Economy.
Most of the current study focuses on explaining modeling aspects and the early adoption while neglecting the aspect of entrepreneurial behavior succeeding the adoption and the forecasting validation of this behavior. The current study takes an integrated perspective of E-C Model, and extends it with the concepts of TAM, UTAUT, RBI, DOI and trust to re-think the perception of engagement with FinTech as a process naturally arising from post-adoption, continuous use and re-imagines the factors influencing the continuance intention of social commerce SBOs in Pakistan. Primary data was collected through Instagram, Facebook and WhatsApp platforms. A total of 350 responses were received from the SBOs who were active on the use of FinTech services. The model was tested with the PLS-SEM approach and was augmented with the PLSpredict to yield out-of-sample predictive performance, and the Gaussian copula used to deal with the possible endogeneity assumption concerns. The results suggest that trust has the greatest impact on continuance intention followed by perceived usefulness, perceived ease of use and social influence. Our results support the first of these factors that perceived risk undermines continued use but suggest that security does not have a direct influence and may thus be considered a basic condition of continued use by the SBO. Explanatory and predicting methods of the findings enhance the findings' practical relevance and convey meaningful information to the FinTech companies and policy makers to better retain users, increase users' trust in a service, and mitigate the perceived risks of advancing digital financial inclusion in emerging markets.
15/01/2026
From Ratios to Constructs: Sector-Contingent Financial Health Indices via Factor Analysis
This paper investigates the reclassification of financial ratios through Exploratory Factor Analysis (EFA), trying to uncover empirical groupings that best describe the financial dynamics within the specific industry. We collected data of 19 commonly used financial ratios from 39 firms from two industries, including 22 from the FMCG and 17 from the Cement Sector, using 22 years from 2003 to 2024 through the audited annual accounts. The empirical findings reveal seven distinct categories within the FMCG sector and 6 within the Cement Sector, differing substantially from the traditional academic classification of 4 standard categories. These findings suggest that the behavior of financial ratios is sector-specific and classification in finance textbooks lacks empirical robustness if applied across different industry contexts. The empirical results also underscore the need for an industry-specific framework for financial analysis and raise critical implications for analysts, investors and educators to bridge the gap between the theoretical constructs and empirical financial analysis.
27/10/2025
). Islamic Money Markets And Their Role In Liquidity Management Of Islamic Financial Institutions: A Case Study In Malaysia Madani.
The rapid development of Islamic finance has brought forth a need for robust liquidity management tools that align with Shariah principles. Islamic money markets play a crucial role in addressing liquidity needs of Islamic Financial Institutions (IFIs), especially in times of economic instability. This paper explores the role of Islamic money markets in liquidity management within IFIs, with a specific focus on Malaysia, a global leader in Islamic finance. By examining the regulatory frameworks, financial instruments such as Sukuk and Islamic Treasury Bills, and the broader macroeconomic environment, this study investigates how these markets contribute to the goals of the Madani Malaysia initiative. This initiative aims to create a balanced, inclusive, and sustainable economic ecosystem. The findings highlight both the achievements and challenges of the Malaysian Islamic money markets, with suggestions for future improvements.
