Professor Basil Al-Najjar
Professor of Finance
My profile
Biography
Basil is a professor of finance at the Department of Finance and Economics and the departmental research lead, his background is corporate finance in the fields of capital structure, dividend policy, and cash holdings, as well as corporate governance implications in corporate finance and accounting. Basil joined MMU in November 2021 from Northumbria University where he was professor of Finance and head of subject-finance. Basil worked at different institutions, including Birkbeck University of London, Middlesex University London, and Huddersfield University.
His research appears in different journals, such as British Journal of Management; Technological Forecasting and Social Change; International Journal of Finance and Economics; Journal of International Accounting, Auditing and Taxation; Tourism Management; Journal of Small Business Management; International Business Review; Business Strategy and the Environment; among others.
Basil also has an interest in curriculum development. At Birkbeck, University of London, Basil developed and redesigned the MSc Investment Management and the MSc Accounting and Financial Management and created different modules at both undergraduate and postgraduate levels in the institutions he worked at.
During his career, Basil has taught various finance modules at both undergraduate and postgraduate levels. He has a special interest in teaching Corporate Finance, International Finance, Financial Modelling and Contemporary Issues in Accounting and Finance, where he uses his research to inform his teaching.
Basil’s research profiles can be found at:
https://scholar.google.com/citations?user=giAGEqMAAAAJ&hl=en&oi=ao
https://www.scopus.com/authid/detail.uri?authorId=35069022900
https://www.webofscience.com/wos/author/record/HTM-6185-2023
Impact
Research Esteem, Awards and Distinctions
- 2022- Included in Stanford University’s top 2% of influential scientists in the world.
- 2022-Top Ten download list for: Emerging Markets Economics: Firm Behavior &Microeconomic Issues ejournal: “The impact of ownership structure and corporate governance on capital structure decisions in the UAE”.
- 2021-Included in Stanford University’s top 2% of influential scientists in the world.
- 2020- Included in Stanford University’s top 2% of influential scientists in the world.
- 2020-Most downloaded paper in International Journal of Finance and Economics “Sarhan A., Nitm, C., Al-Najjar B., (2019) “Board Diversity, Corporate Governance, Corporate Performance and Executive Pay”, p. 761-786 26”.
- 2018- Highly commended- Emerald- Al-Najjar, B. and Kilincarslan, E. (2017) ‘Corporate dividend decisions and dividend smoothing: New evidence from an empirical study of Turkish firms’ International Journal of Managerial Finance, 13 (3), pp. 304-331.
- 2012-Best paper award- Emerald- Al-Najjar, B. and Hussainey K., 2011. Revisiting the capital structure puzzle: UK evidence. Journal of Risk Finance, 12 (4) pp. 123-138. (Best paper award-Emerald 2012)
- 2011-Top Ten download list for Corporate Governance: Internal Governance, Organization, & Processes eJournal for “The determinants of the frequency of board meetings: Evidence from categorical analysis”. November 2011.
Teaching
My teaching interests include: Corporate Finance; Financial Management; and Financial Modelling.
Supervision
Areas of PG supervision include:
- Quantitative analysis in finance
- Corporate Finance
- Financial Policies
- Corporate Governance
- CSR and sustainability
Research outputs
Basil’s research expertise is in the area of corporate finance and corporate governance. He has published around 50 articles and my research has appeared in different journals, such as: British Journal of Management; International Journal of Finance and Economics; Journal of International Accounting, Auditing and Taxation; Tourism Management; International Business Review; Business Strategy and the Environment; International Journal of Managerial Finance; International Journal of Auditing, among others.
Latest papers:
1. Al-Najjar B. and Abualqumboz M. ( 2023, forthcoming) “Do CEO career dynamics matter in environmental management? new evidence from the UK”, European Management Review
2. Al-Najjar B. and Sarhan A. (2023, forthcoming) “Cash Holdings and Corruption Prevention Commitment: Evidence from the UK”, International Journal of Finance and Economics.
3. Al-Najjar B. and Salama A. (2022) “Mind The Gap: Are Female Directors and Executives More Sensitive to the Environment in High-Tech US Firms?” Technological Forecasting and Social Change,
4. Moufty S., Al-Najjar B., Ibrahim A. (2022, Forthcoming) “Communications of sustainability practices in the banking sector: Evidence from cross-country analysis”, International Journal of Finance and Economics.
5. Sarhan A, and Al-Najjar B. (2022, forthcoming) “The Influence of Corporate Governance and Shareholding Structure on Corporate Social Responsibility: The Key Role of Executive Compensation”, International Journal of Finance and Economics.
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Journal articles
Al-Najjar, B., Sarhan, A. (2023) 'Cash holdings and Corruption Prevention Commitment: evidence from the UK.' International Journal of Finance and Economics,
Al-Najjar, B., Abualqumboz, M. (2023) 'Do CEO career dynamics matter in environmental management? New evidence from the UK.' European Management Review,
Abdulrahman, Z., Ebrahimi, T., Al‐Najjar, B. (2023) 'Exploring the nexus between Islamic financial institutions Shariah compliance disclosure and corporate governance: New insights from a cross-country analysis.' International Journal of Finance and Economics,
Alghemary, M., Polovina, N., Al-Najjar, B. (2023) 'Earnings management of acquiring and non-acquiring companies: the key role of ownership structure and national corporate governance in GCC.' International Journal of Disclosure and Governance,
Alghemary, M., Al-Najjar, B., Polovina, N. (2023) 'What do we know about real earnings management in the GCC?.' Journal of Accounting in Emerging Economies,
Abdulrahman, Z., Ebrahimi, T., Al-Najjar, B. (2023) 'Shariah-related disclosure: a literature review and directions for future research.' International Journal of Disclosure and Governance,
Moufty, S., Al-Najjar, B., Ibrahim, A. (2022) 'Communications of sustainability practices in the banking sector: evidence from cross-country analysis.' International Journal of Finance and Economics,
Sarhan, A., Al-Najjar, B. (2022) 'The influence of corporate governance and shareholding structure on corporate social responsibility: The key role of executive compensation.' International Journal of Finance and Economics,
Hasan, F., Al-Najjar, B. 'Exploring the connections: dividend announcements, stock market returns, and major sporting events.' Review of Quantitative Finance and Accounting,
Alghemary, M., Al-Najjar, B., Polovina, N. (2024) 'Acquisition deal characteristics and earnings management: new evidence from GCC countries.' International Journal of Finance and Economics,
Alghemary, M., Al‐Najjar, B., Polovina, N. (2024) 'Acquisition deal characteristics and earnings management: New evidence from
Gulf Cooperation Council countries .' International Journal of Finance & Economics,Sarhan, A.A., Al‐Najjar, B. (2023) 'What drives firms' commitment to fighting corruption? Evidence from the UK.' Journal of International Financial Management and Accounting, 34(3) pp. 791-825.
Al-Najjar, B., Salama, A. (2022) 'Mind the gap: are female directors and executives more sensitive to the environment in high-tech US firms?.' Technological Forecasting and Social Change, 184pp. 122024-122024.
Elgammal, M.M., Al-Najjar, B. (2022) 'The impact of ownership structure and corporate governance on capital structure decisions in the UAE.' International Journal of Accounting, Auditing and Performance Evaluation, 18(1) pp. 28-48.
Adu, D., Al-Najjar, B., Sitthipongpanich, T. (2022) 'Executive Compensation, Environmental Performance and Sustainable Banking: The Moderating Effect of Governance Mechanisms.' Business Strategy and the Environment, 31(4) pp. 1439-1463.
Li, Z., Al‐Najjar, B. (2021) 'Impact of Board Composition on Pension De‐risking Strategies.' British Journal of Management, 33(3) pp. 1304-1322.
Moufty, S., Clark, E., Al-Najjar, B. (2021) 'The different dimensions of sustainability and bank performance: Evidence from the EU and the USA.' Journal of International Accounting, Auditing and Taxation, 43pp. 100381-100381.
Al Najjar, B., Elgammal, M. (2021) 'The impact of ownership structure and corporate governance on capital structure decisions in the UAE.' International Journal of Accounting, Auditing and Performance Evaluation, 1(1) pp. 1-1.
Sarhan, A.A., Ntim, C.G., Al-Najjar, B. (2019) 'Antecedents of audit quality in MENA countries: The effect of firm- and country-level governance quality.' Journal of International Accounting, Auditing and Taxation, 35pp. 85-107.
Sarhan, A.A., Ntim, C.G., Al‐Najjar, B. (2019) 'Board diversity, corporate governance, corporate performance, and executive pay.' International Journal of Finance and Economics, 24(2) pp. 761-786.
Al-Najjar, B., Kilincarslan, E. (2019) 'What do we know about the dividend puzzle? – A literature survey.' International Journal of Managerial Finance, 15(2) pp. 205-235.
Al-Najjar, B., Kilincarslan, E. (2018) 'Revisiting Firm-Specific Determinants of Dividend Policy: Evidence from Turkey.' Economic Issues, 23
Al-Najjar, B. (2018) 'Corporate governance and audit features: SMEs evidence.' Journal of Small Business and Enterprise Development, 25(1) pp. 163-179.
Al-Najjar, B., Kilincarslan, E. (2017) 'Corporate dividend decisions and dividend smoothing.' International Journal of Managerial Finance, 13(3) pp. 304-331.
Al-Najjar, B. (2017) 'Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms.' Tourism Management, 60pp. 9-14.
Al-Najjar, B., Al-Najjar, D. (2017) 'The impact of external financing on firm value and a corporate governance index: SME evidence.' Journal of Small Business and Enterprise Development, 24(2) pp. 411-423.
Al-Najjar, B., Clark, E. (2017) 'Corporate governance and cash holdings in MENA: Evidence from internal and external governance practices.' Research in International Business and Finance, 39pp. 1-12.
Al-Najjar, B., Ding, R., Hussainey, K. (2016) 'Determinants and value relevance of UK CEO pay slice.' International Review of Applied Economics, 30(3) pp. 403-421.
Abed, S., Al-Najjar, B., Roberts, C. (2016) 'Measuring annual report narratives disclosure.' Managerial Auditing Journal, 31(4/5) pp. 338-361.
Al-Najjar, B., Kilincarslan, E. (2016) 'The effect of ownership structure on dividend policy: evidence from Turkey.' Corporate Governance (Bingley), 16(1) pp. 135-161.
Abed, S., Al-Najjar, B. (2016) 'Determinants of the extent of forward looking information: Evidence from UK before financial crisis.' Corporate Ownership and Control, 13(3) pp. 17-32.
Al-Najjar, B. (2015) 'Does ownership matter in publicly listed tourism firms? Evidence from Jordan.' Tourism Management, 49pp. 87-96.
Al-Najjar, B. (2015) 'The Effect of Governance Mechanisms on Small and Medium-Sized Enterprise Cash Holdings: Evidence from the United Kingdom.' Journal of Small Business Management, 53(2) pp. 303-320.
Al-Najjar, D., Al-Najjar, B. (2014) 'Developing a multi stage predicting system for corporate credit rating in emerging markets: Jordanian case.' Journal of Enterprise Information Management, 27(4) pp. 475-487.
Al-Najjar, B., Abed, S. (2014) 'The association between disclosure of forward-looking information and corporate governance mechanisms: Evidence from the UK before the financial crisis period.' Managerial Auditing Journal, 29(7) pp. 578-595.
Al-Najjar, B., Ding, R. (2014) 'Product market competition and corporate governance disclosure: Evidence from the UK.' Economic Issues, 19
Al-Najjar, B. (2014) 'Corporate governance, tourism growth and firm performance: Evidence from publicly listed tourism firms in five Middle Eastern countries.' Tourism Management, 42pp. 342-351.
Al-Najjar, B., Belghitar, Y. (2014) 'Do corporate governance mechanisms affect cash dividends? An empirical investigation of UK firms.' International Review of Applied Economics, 28(4) pp. 524-538.
Al-Najjar, B., Elgammal, M.M. (2013) 'Innovation and credit ratings, does it matter? UK evidence.' Applied Economics Letters, 20(5) pp. 428-431.
Al-Najjar, B. (2013) 'The financial determinants of corporate cash holdings: Evidence from some emerging markets.' International Business Review, 22(1) pp. 77-88.
Hussainey, K., Al-Najjar, B. (2012) 'Understanding the determinants of RiskMetrics/ISS ratings of the quality of UK companies' corporate governance practice.' Canadian Journal of Administrative Sciences, 29(4) pp. 366-377.
Al-Najjar, B. (2012) 'The determinants of board meetings: Evidence from categorical analysis.' Journal of Applied Accounting Research, 13(2) pp. 178-190.
Al-Najjar, B., Anfimiadou, A. (2012) 'Environmental policies and firm value.' Business Strategy and the Environment, 21(1) pp. 49-59.
Al-Najjar, B., Belghitar, Y. (2012) 'The information content of cashflows in the context of dividend smoothing.' Economic Issues, 17
Chen, C.H., Al-Najjar, B. (2012) 'The determinants of board size and independence: Evidence from China.' International Business Review, 21(5) pp. 831-846.
Hussainey, K., Al-Najjar, B. (2011) 'Future-oriented narrative reporting: Determinants and use.' Journal of Applied Accounting Research, 12(2) pp. 123-138.
Al-Najjar, B., Hussainey, K. (2011) 'Revisiting the capital-structure puzzle: UK evidence.' Journal of Risk Finance, 12(4) pp. 329-338.
Al-Najjar, B. (2011) 'The Determinants of Audit Committee Independence and Activity: Evidence from the UK.' International Journal of Auditing, 15(2) pp. 191-203.
Al-Najjar, B., Belghitar, Y. (2011) 'Corporate cash holdings and dividend payments: Evidence from simultaneous analysis.' Managerial and Decision Economics, 32(4) pp. 231-241.
Al-Najjar, B. (2011) 'Empirical modelling of capital structure: Jordanian evidence.' Journal of Emerging Market Finance, 10(1) pp. 1-19.
Al-Najjar, B. (2011) 'The inter-relationship between capital structure and dividend policy: Empirical evidence from jordanian data.' International Review of Applied Economics, 25(2) pp. 209-224.
Al-Najjar, B. (2010) 'Corporate governance and institutional ownership: Evidence from Jordan.' Corporate Governance, 10(2) pp. 176-190.
Al-Najjar, B. (2009) 'Dividend behaviour and smoothing new evidence from Jordanian panel data.' Studies in Economics and Finance, 26(3) pp. 182-197.
Al-Najjar, B., Hussainey, K. (2009) 'The association between dividend payout and outside directorships.' Journal of Applied Accounting Research, 10(1) pp. 4-19.
Al-Najjar, B., Taylor, P. (2008) 'The relationship between capital structure and ownership structure: New evidence from Jordanian panel data.' Managerial Finance, 34(12) pp. 919-933.
Career history
2008-2012
Senior Lecturer in Finance- Middlesex University London
2012-2017
Senior Lecturer in Accounting and Financial Management- Birkbeck University of London
2017-2021
Professor of Accounting and Finance- Huddersfield University
2021-2021
Professor of Finance- Northumbria University
2021-Now
Professor of Finance- Manchester Metropolitan University