Faculty and ResearchExpert Guide

Ali M. Parhizgari

Ali M. Parhizgari

Professor
Department of Finance

College of Business
Florida International University

Modesto A. Maidique Campus
11200 S.W. 8th St, RB 208B
Miami, FL 33199

P: (305) 348-3326
E: parhiz@fiu.edu

Education

  • PhD, Economics
    University of Maryland, University Park, Maryland
  • Master of Arts, Economics
    University of Maryland, University Park, Maryland
  • Master of Arts, Education
    Teachers Training College, Tehran
  • Bachelor of Arts, Lit. & Math.
    Pahlavi University, Shiraz

Areas of Expertise

  • Corporate Finance
  • Financial Reporting Analysis
  • International Finance

Professional Activities

Dr. Parhizgari is a leading scholar in the areas of global financial strategies, international finance, investment, corporate finance, and quantitative techniques. His many publications on these topics have already appeared in such referred journals as: Global Finance Journal, Journal of the Royal Statistical Society: Applied Statistics, The Energy Journal, Journal of Business Finance and Accounting, Quarterly Journal of Business and Economics, The Review of Research in Banking and Finance, International Finance Journal, Journal of Transnational Management Development, Journal of Managing Service Quality, Management International Review, The Journal of Futures Markets, etc. He is also the author of three books, several articles in referred books, and numerous technical and policy-oriented papers that are mostly disseminated through intergovernmental agencies. He is an active member and a recognized researcher within a dozen of national and international professional organizations. Professor Parhizgari has also extensive consulting experience with research organizations, private and government agencies, and has conducted numerous seminars and management training programs in the Americas. Before joining FIU in 1982, he served for about a decade as a senior economist and/or advisor with private and government agencies in the Washington metropolitan area including: State of Maryland Department of Economic and Community Development, Synergy, Inc., U.S. Department of Energy, U.S. Chamber of Commerce, and the MITRE Corporation.

Courses Taught

  • Cooperative Education in Finance
  • Corporate Finance
  • Finance Dissertation Preparation
  • Finance Doctoral Independent Study
  • Finance Doctoral Research Project
  • Global Financial Strategy
  • International Corporate Finance
  • International Financial Management
  • Ph.D. Dissertation
  • Special Topics in Finance
  • Statistical Methods in Finance II

Refereed Journal Articles

Pavlova, I., De Boyrie, M. E. & Parhizgari, A. M. (2018). A Dynamic Spillover Analysis of Crude Oil Effects on the Sovereign Credit Risk of Exporting Countries..  Quarterly Review of Economics and Finance. 68, 10-22.


Figueiredo, A. & Parhizgari, A. M. (2017). (in press) Contemporaneous ADR pricing: intraday dynamics during overlapping trading hours.  European Journal of Finance.


Figueiredo, A. & Parhizgari, A. M. (2017). (in press) Currency Volatility and Bid-Ask Spreads of ADRs and Local Shares.  Global Financial Journal.


Talukdar, B., Daigler, R. T. & Parhizgari, A. M. (2017). (in press) Expanding the Explanations for the Return–Volatility Relation.  Journal of Futures Markets.


Padungsaksawasdi, C. & Parhizgari, A. M. (2017). (in press) Major Currency ETFs and Their Associated Spot and Futures Rates.  Review of Pacific Basin Financial Markets and Policies.


Shahrokhi, M., Dandapani, K., Figueiredo, A., Parhizgari, A. M. & Shachmurove, Y. (2017). (in press) The evolution and future of the BRICS: Unbundling politics from economics.  Global Financial Journal.


Elshahat, A. & Parhizgari, A. M. (2016). (in press) Effect of Federal Funds Rate Announcements on Euro/Dollar Exchange Using High Frequency Data.  Asian Economic and Financial Review.


Pavlova, I., Cho, J. H., Parhizgari, A. M. & Hardin, W. G. (2014). Long Memory in REIT Volatility and Changes in the Unconditional Mean: A Modified FIGARCH Approach.  Journal of Property Research. 31 (4), 315-332.


De Boyrie, M. E., Pavlova, I. & Parhizgari, A. M. (2014). Dynamics of Currency Futures and Spot Markets in Selected BRICS Countries.  International Journal of Finance. 26 (1-2), 8-29.


Elshahat, A., Parhizgari, A. M. & Hong, L. (2012). The Information Content of the Banking Regulatory Agencies and the Depository Credit Intermediation Institutions.  Journal of Economics and Business. 64 (1), 90-104.


De Boyrie, M., Pavlova, I. & Parhizgari, A. M. (2012). Price Discovery in Currency Markets: Evidence from Three Emerging Markets.  International Journal of Economics and Finance. 4 (12), 61-75.


You, L., Parhizgari, A. M. & Srivastavac, S. (2012). Cross Listing and Subsequent Delisting in Foreign Markets.  Journal of Empirical Finance. 19 (2), 200-216.


Parhizgari, A. M. & Nguyen, D. (2011). M1, M2, and the U.S. Equity Exchanges.  Frontiers in Finance and Economics. 8 (2), 112-135.


You, L. & Parhizgari, A. M. (2011). A Comprehensive Multidimensional Analysis of Listings and Delistings in Domestic and Foreign Markets.  International Journal of Finance.


Parhizgari, A. M. & Pavlova, I. (2010). The Boom and the Lean Times in Global REITs: The 2000-2008 Period.  Journal of European Real Estate Research. 3 (2), 81-95.


Pavlova, I. & Parhizgari, A. M. (2010). Currency Futures Pricing Efficiency and Arbitrage.  International Journal of Finance.


Parhizgari, A. M. & Pavlova, I. (2010). In Search of Momentum Profits: Are They Illusory?.  Applied Financial Economics.


Parhizgari, A. M. & Cho, J. H. (2008). East Asian Financial Contagion Under DCC-GARCH.  International Journal of Banking and Finance. 6 (1), 17-30.


Parhizgari, A. M. & Nguyen, D. (2008). ADRs Under Momentum and Contrarian Strategies.  Global Financial Journal. 19 (2), 102-122.


Parhizgari, A. M. & Pavlova, I. (2007). Post-Euro EU and U.S. Interest Rates and Foreign Exchange Rates: Are They in Harmony or in Disarray?.  Quarterly Review of Economics and Finance. 47 (5), 616-636.


Prakash, A. J., You, L., Chang, C. & Parhizgari, A. M. (2007). Global Stocks and Contemporaneous Market Risk.  International Journal of Business. 12 (3), 385-395.


Chen, Z., Daigler, R. & Parhizgari, A. M. (2006). Persistence and Asymmetry of Volatility in Futures Markets.  Journal of Futures Markets. 26 (6), 571-594.


Hamid, S., Parhizgari, A. M. & Prakash, A. J. (2006). International Stock Market Reaction to Interest Rate Changes by Major Central Banks.  International Journal of Finance. 17 (2), 3463-3485.


Pavlova, I. & Parhizgari, A. M. (2006). Efficiency Hypothesis in Currency Futures.  Journal of Business and Behavioral Sciences (JBBS)., 55-60.


Butchey, D. & Parhizgari, A. M. (2005). Was there Financial Contagion in the Mining Industry in the Aftermath of Bre-X?.  Journal of Current Research in Global Business. 8 (12), 28-38.


Parhizgari, A. M. & Gilbert, R. (2004). Measures of Organizational Effectiveness: Private and Public Sector Performance.  Omega: The International Journal of Management Science. 32 (3), 221-229.


Parhizgari, A. M. & Aburachis, A. (2004). Productivity and Stock Returns: 1954-2002.  International Journal of Banking and Finance. 2.


Parhizgari, A. M., Welch, W. & Aburachis, A. (2002). On the Predictive Power of Interest Rate Spreads: A Vector Autoregressive Approach.  International Journal of Finance. 14 (2), 2189-2200.


Dandapani, K. & Parhizgari, A. M. (2000). Equity Indices and Emerging Markets: Methodological Issues.  International Journal of Finance. 12 (3), 1823-1834.


Gilbert, R. & Parhizgari, A. M. (2000). Organizational Effectiveness Indicators to Support Service Quality.  Managing Service Quality. 10 (1), 46-51.


Arvin-Rad, H., Parhizgari, A. M. & Prakash, A. J. (1997). Transfer Pricing and Valuation of a Multinational Firm Under Uncertain Cash Flows.  International Journal of Finance. 9 (9), 625:634.


Parhizgari, A. M. & Liu, W. (1997). Debt Service Capacity Revisited: A New Approach.  Journal of Transnational Management Development. 3 (1), 25-38.


Parhizgari, A. M. (1997). EU-92: Impact on Intra-EC and International Trade.  Malaysian Management Journal. 2 (2), 1-12.


Parhizgari, A. M. & De Boyrie, M. E. (1997). Predicting Spot Exchange Rates in a Non-Linear Estimation Framework Using Futures Prices.  Journal of Futures Markets. 17 (8), 935-956.


Parhizgari, A. M. & Chunhachinda, P. (1996). Time-Varying Optimal Hedge Ratios of Foreign Currency Futures.  Finance India. 10 (2), 325-332.


Parhizgari, A. M. & De Boyrie, M. E. (1995). Return to Shareholders of U.S. Targeted Companies Acquired by Foreign Corporations, Applied Financial Economics, 5, 1995, pp. 265-272..  Applied Financial Economics. 5, 265-272.


Parhizgari, A. M. (1995). The Dynamics and Competitiveness of Euro-Asian Trade Flows.  Management International Review. 35 (1), 151-161.


Parhizgari, A. M., Dandapani, K. & Bhattachayra,, A. (1994). Parhizgari, A. M., K. Dandapani and A. Bhattachayra, Global Market Place and Causality, Global Finance Journal, Vol. 5, No. 1, 1994, pp. 121-140..  Global Financial Journal. 5 (1), 121-140.


Dandapani, K., Parhizgari, A. M., Prakash, A. J. & Robbani, M. (1993). Margin Requirement and Cost of Portfolio Insurance.  International Journal of Finance. 6 (1), 653-672.


Parhizgari, A. M., Prakash, A. J. & Dandapani, K. (1993). Arbitrage Pricing Theory and Investment Horizon.  Journal of Business Finance and Accounting. 20 (1), 27-40.


Parhizgari, A. M. (1989). Latin-American Debt-Equity Swaps.  The Review of Research in Banking and Finance. 5 (2).


Parhizgari, A. M. & Prakash, A. J. (1989). An Algorithm on the Equality of Dispersion Matrices.  Journal of Royal Statistical Society. 38 (3).


Prakash, A. J., Parhizgari, A. M. & LaCava, G. (1989). A General Proof of Merton's Analytic Derivation of the Efficient Portfolio Frontier.  Quarterly Journal of Business &; Economics. 28 (3).


Prakash, A. J., Parhizgari, A. M. & Perritt, G. P. (1989). The Effect of Listing on the Parameters of Characteristic Lines Models, Journal of Business Finance and Accounting, Vol. 16, No. 3, 1989..  Journal of Business Finance and Accounting. 16 (3).


Parhizgari, A. M., Cramer, L. & Auster, R. (1989). Excess Foreign Tax Credit Reduction Strategies.  Management Accounting (Strategic Finance).


Parhizgari, A. M. (1988). Debt Swaps: Innovative Proposals.  Quarterly Review of Economics and Finance. 63 (2).


Parhizgari, A. M. (1987). Brazil's Economy Under the Cruzado Plan.  The Review of Research in Banking and Finance.


Parhizgari, A. M. (1987). Optimum Depletion of Oil Resources in a Developing Country.  The Energy Journal.


Parhizgari, A. M. & Davis, P. S. (1978). The Residential Demand for Electricity: A Variant Parameters Approach, Journal of Applied Economics, Dec. 1978..  Journal of Applied Economics.


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