Hilal Anwar Butt

Currently working as an Associate Professor of Finance at Institute of Business Administration, Pakistan. His area of specialization is empirical asset pricing and his research focuses on the role of liquidity as an explanatory factor for the various anomalies present in the financial markets around the global markets.

Articles by Hilal Anwar Butt

Original research

The pricing of firm-specific risk in emerging markets

This paper finds that a zero-investment strategy that goes long (short) in the highest (lowest) quintiles of firm-specific risk earns overall positive excess returns across twenty-one emerging markets.

28 Feb 2020