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Last updated 24th March 2026
Biography
Zulfiqar Shah is Professor of Accounting and Finance, and Director of the Northern Productivity Hub (NPH) Research Centre at Huddersfield Business School, University of Huddersfield. Zulfiqar Shah holds a PhD from Alliance Manchester Business School, an MA in Post-Compulsory Higher Education from University of Warwick, an MBA (distinction, gold medal), and BBA (distinction, gold medal) from University of Peshawar. He is a qualified Chartered Manager, Member Chartered Management Institute (CMgr MCMI). In addition to commercial banking experience in the private sector, he had previously held positions, as an Associate Professor at Warwick Business School, University of Warwick (2003 – 2021), and as Lecturer in Accounting and Finance at the University of Exeter (2000 – 2003). He is a Fellow of the Higher Education Academy, UK and a member of the British Accounting and Finance Association, the European Accounting Association, and Academy of Sustainable Finance, Accounting, Accountability & Governance. He is also a member of the editorial board of the Journal of Sustainable Finance and Accounting (Elsevier) and serves as reviewer for a number of main-stream academic journals. He had served as panel chair, discussant, and keynote speaker at various national and international conferences and published in quality academic journals such as, British Journal of Management, Journal of Business Finance and Accounting, International Review of Financial Analysis, International Journal of Accounting and Journal of Business Research, among others. His main research interests are in the area of capital markets research. He is interested in the value relevance of advertising, R&D, and other intangible assets and exploring the relationships among compensation, corporate governance, and firm performance; firms’ risk-taking; role of diversity and emerging technologies in firms’ innovation, productivity and net-zero targets; forensic accounting and accounting fraud. He also has a complementary research interest in curriculum designing and assessment in higher education and performance measurement and management in not for profit institutions in both advanced and developing countries.
Education/Academic qualification
PhD, University of Manchester
Master, (MBA Finance), University of Peshawar
Bachelor, (BBA), University of Peshawar
Master, (MA - Post Compulsory Higher Education), University of Warwick
Chartered Manager, Member Chartered Management Institute (CMgr MCMI)
Research Expertise and Interests
- Capital markets research
- Value relevance of advertising
- R&D
- Exploring the relationships among compensation
- Corporate governance
- Firm performance
- Firm innovation
- Firms’ risk-taking
- Accounting fraud
- Performance measurement
- Management
- Role of diversity in improving productivity
- Net zero targets
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
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SDG 3 Good Health and Well-being
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SDG 4 Quality Education
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SDG 8 Decent Work and Economic Growth
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SDG 9 Industry, Innovation, and Infrastructure
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SDG 10 Reduced Inequalities
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SDG 12 Responsible Consumption and Production
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SDG 13 Climate Action
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SDG 16 Peace, Justice and Strong Institutions
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Collaborations and top research areas from the last five years
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Business group affiliation and misreporting: evidence from Korean chaebols
Ahn, J. H., Shah, S. & Imam, S., 6 May 2025, (E-pub ahead of print) In: Accounting and Business Research. 37 p.Research output: Contribution to journal › Article › peer-review
2 Link opens in a new tab Citations (Scopus) -
Mandatory CSR disclosure, institutional ownership and firm value: Evidence from China
Shah, Z., Akbar, S. & Zhu, X., 1 Jan 2025, In: International Journal of Finance and Economics. 30, 1, p. 71-85 15 p.Research output: Contribution to journal › Article › peer-review
Open Access18 Link opens in a new tab Citations (Scopus) -
The Moderating Role of Strategic Investment in R&D and Advertising in Firms' ESG–Performance Relationship
Shah, Z., Akbar, S. & Ahmad, S., 15 Dec 2025, (E-pub ahead of print) In: Business Strategy and the Environment. 26 p.Research output: Contribution to journal › Article › peer-review
Open Access -
Financial integration and earnings management: evidence from emerging markets
Shah, S. Z. A. & Wan, F., 15 Mar 2024, In: Journal of Applied Accounting Research. 25, 2, p. 197-220 24 p.Research output: Contribution to journal › Article › peer-review
Open AccessFile6 Link opens in a new tab Citations (Scopus) -
A concave relation between equity-based incentives and misreporting
Ahn, J. H., Shah, S. Z. A. & Park, G., 14 Sept 2023, In: Journal of Accounting and Public Policy. 42, 5, 12 p., 107134.Research output: Contribution to journal › Article › peer-review
Open AccessFile2 Link opens in a new tab Citations (Scopus)
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Chartered Management Institute (External organisation)
Shah, Z. (Member)
Jun 2024 → …Activity: Membership types › Membership of a Society or Institute
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Journal of Sustainable Finance and Accounting (Journal)
Shah, Z. (Member of editorial board)
Jan 2024 → …Activity: Publication peer-review and editorial work types › Editorial work
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Journal of Financial Reporting and Accounting (Journal)
Shah, Z. (Member of editorial board)
Jan 2024 → …Activity: Publication peer-review and editorial work types › Editorial work
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British Accounting and Finance Association (External organisation)
Shah, Z. (Member)
Mar 2023 → …Activity: Membership types › Membership of a Society or Institute
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Advance HE (External organisation)
Shah, Z. (Member)
Mar 2007 → …Activity: Membership types › Membership of a Society or Institute