Self Recent

Dr. Salman Sarwat

Associate Professor and HoD Accounting and Finance Department
Extension
461
Email
salman.sarwat@iobm.edu.pk
Department
Accounting and Finance
Specialization
Finance

About

Dr. Salman Sarwat serves at IoBM as head of the Accounting & Finance department. He has a doctorate in Finance and two master’s degrees (Management Sciences and Philosophy). He is also a fellow member of ICMAP and ICSP. He has several national and international professional certifications, including DAIBP, PGD in CSIT, Fintech (Duke University), Data Sciences (IBM), etc. To develop intellectual broadening, he also engages himself in philosophy and literature. Starting his career in the corporate sector, he initially served in the hospitality industry, he also worked for an oil refinery and then for a bank. Finally, he switched his career from the corporate sector to academia. With 25 years of overall experience, including 15 years in academia, Dr. Salman is a seasoned academician, actively involved in academics and research. He has more than 25 high-quality research publications to his credit. His research areas include financial innovation, asset pricing, corporate finance, sustainable development, and financial economics. He teaches portfolio management, financial management, Treasury management, banking, risk management, research methods, econometrics, quantitative analysis, and research philosophy. Dr. Salman Sarwat is also a well-reputed name in Urdu poetry, he has developed a distinctive style in Urdu free-verse poetry, reflecting existential paradox and contemporary consciousness. He also writes criticism, literary essays, articles, and short stories.
Academic Qualification
PHD Finance, University of Karachi, Pakistan - 2018
Finance

Salahuddin, S., Sarwat, S., Baig, U., & Hussain, M. (2022). Time-varying Stock Market Integration and Diversification Opportunities within Developed Markets (Using Aggregated data approach): Time-varying Stock Market Integration and Diversification Opportunities. Market Forces, 17(1), 59-80.
Ly, S., Sarwat, S., Wong, W. K., Ramzan, M., & Nguyen, H. D. (2022). A static and dynamic copula-based ARIMA-fGARCH approach to determinants of carbon dioxide emissions in Argentina. Environmental Science and Pollution Research, 1-21.
Godil, D. I., Sarwat, S., Khan, M. K., Ashraf, M. S., Sharif, A., & Ozturk, I. (2022). How the price dynamics of energy resources and precious metals interact with conventional and Islamic Stocks: Fresh insight from dynamic ARDL approach. Resources Policy, 75, 102470.
Sarwat, S., Godil, D. I., Ali, L., Ahmad, B., Dinca, G., & Khan, S. A. R. (2022). The role of natural resources, renewable energy, and globalization in testing EKC Theory in BRICS countries: Method of Moments Quantile. Environmental Science and Pollution Research, 1-13.
Rehman Khan, S. A., Yu, Z., Sarwat, S., Godil, D. I., Amin, S., & Shujaat, S. (2022). The role of blockchain technology in circular economy practices to improve organisational performance. International Journal of Logistics Research and Applications, 25(4-5), 605.
Qin, X., Godil, D. I., Sarwat, S., Yu, Z., Khan, S. A. R., & Shujaat, S. (2021). Green practices in food supply chains: evidence from emerging economies. Operations Management Research, 1-14.
Zhan, Z., Ali, L., Sarwat, S., Godil, D. I., Dinca, G., & Anser, M. K. (2021). A step towards environmental mitigation: Do tourism, renewable energy and institutions really matter? A QARDL approach. Science of the Total Environment, 778, 146209.
Qin, X., Godil, D. I., Khan, M. K., Sarwat, S., Alam, S., & Janjua, L. (2021) Investigating the effects of COVID-19 and public health expenditure on global supply chain operations: an empirical study. Operations Management Research, 1-13.
Zhang, L., Godil, D. I., Bibi, M., Khan, M. K., Sarwat, S., & Anser, M. K. (2021). Caring for the environment: How human capital, natural resources, and economic growth interact with environmental degradation in Pakistan? A dynamic ARDL approach. Science of The Total Environment, 774, 145553.
Baig, U., Sarwat, S., & Godil, D. I. (2021). Relationship of working capital management and profitability of the firms-an application of unit root and co-integration test on the various corporate sectors of Pakistan stock exchange. Independent Journal of Management & Production, 12(1), 377-394.
Tharwani, R., Chhapra, I. U., Shakeel, S., & Sarwat, S. (2020). The Gross Profitability Premium: An Empirical Examination in Pakistan Stock Exchange (PSX). Global Management Journal for Academic & Corporate Studies, 10 (2), 65-83.
Baig, U., Khalidi, M. A., Mubarak, S., & Sarwat, S. (2020). An Empirical Insight into the Theory and Practices of Capital Budgeting in Pakistan. Market Forces, 15(2), 18-18.
Godil, D. I., Sarwat, S., Sharif, A., & Jermsittiparsert, K. (2020). How oil prices, gold prices, uncertainty and risk impact Islamic and conventional stocks? Empirical evidence from QARDL technique. Resources Policy, 66, 101638.
Godil, D. I., Kashif, M., & Sarwat, S. (2019). Contingency framework of Management Accounting System in SMEs of Pakistan. Global Management Journal for Academic & Corporate Studies 9 (2), 19.
Sarwat, S., Kashif, M., Ahmed, F., & Aqil, M. (2019). Determination of Causality in the Prices of Crude Oil. International Journal of Energy Economics and Policy, 9(4). 298-304
Godil, D. I., Sarwat, S., Quddoos, M. U., & Akhtar, M. H. (2019). A Comparative Study on the Behavior of Islamic and Conventional Stocks in the Presence of Oil Price, Gold Price, and Financial Risk Factors: Evidence from Dow Jones Indices. Review of Applied Management and Social Sciences, 2(2), 11.
Siraj, M., Mubeen, M., & Sarwat, S. (2019). Working capital management and firm performance: evidence from non-financial firms in Pakistan. Asian Journal of Empirical Research, 9(2). doi: 10.18488/journal.1007/2019.9.2/1007.2.27.37 (ABDC)
Sarwat, S., & Hasan, S. (2019). Global Financial Meltdown – Systematic Literature Review: A Qualitative Research Study. Journal of Independent Studies and Research – Management, Social Science, and Economics, 17(1).
Sarwat, S., Kashif, M., Danish, I., & Imran, U. C. (2019). Analysis of Size Portfolios and Risk Factor Loadings of Asset Pricing Models – Threshold Regression Approach. Academy of Accounting and Financial Studies Journal, 23(1).
Sarwat, S., & Hasan, S. (2018). Instability in General Price Level caused by Financial Derivatives (Empirical Evidence from U.K.). International Journal of Advanced Research in Engineering & Management, 01-10.
Sarwat, S., Iqbal, D., Durrani, B. A., Shaikh, K. H., & Liaquat, F. (2017). Impact of Working Capital Management on the Profitability of Firms: Case of Pakistan’s Cement Sector. Journal of Advanced Management Science Vol, 5(3).
Sarwat, S., & Iqbal, D. (2017). Factors Influencing ABC Implementation in Cement Sector of Pakistan ICMAP Research Journal, 1(1), 9.
Sarwat, S. (2016). Impact of Working Capital Management on the Profitability of firms: Case of Pakistan’s Cement Sector. Journal of Independent Studies and Research-Management, Social Sciences and Economics, 14(2).
Zubair, M., Burney, A. I., Sarwat, S., & Mubin, M. (2014). Macroeconomics Relations between Exchange Rate Instability, Exchange Rate Volatility, Trade and Economic Growth Variables: The Case of Pakistan. Journal of Economics and Sustainable Trade Development, 5(13).
Iqbal, D., Sarwat, S., ul Hasan, S., Baloch, A., & Salim, U. (2014). To be responsible socially is viable financially. European Scientific Journal, ESJ, 10(28).

Online Certificate Courses/Trainings: Sr. Certification Institution / University Specialization Passing Year 1 DeFi Primitives Duke University Fintech & Cryptocurrency 2023 2 DeFi Infrastructure Duke University Fintech & Cryptocurrency 2023 3 DeFi Deep Dive Duke University Fintech & Cryptocurrency 2023 4 DeFi Risk Duke University Fintech & Cryptocurrency 2023 5 Blockchain: Cases Consensys Academy Blockchain 2023 6 AI for Everyone DeepLearning.AI Artificial Intelligence 2023 7 Introduction to AI IBM Artificial Intelligence 2023 8 What is Data Science? IBM Data Sciences 2023 9 Tools for Data Science IBM Data Sciences 2023 10 Business Metrics Duke University Business Intelligence 2023