Faculty

Dr. Bruce Budd
Associate Professor of Finance & Economics
College of Business
Alfaisal University
Riyadh, KSA

Email: bbudd@alfaisal.edu
Tel: (+966 1) 215-7708
Fax: +(966-1) 215-7611

EDUCATION:
Ph.D.	1999	Murdoch University, Western Australia.
MSc.	1990	Birkbeck College and London School of Economics, UK.
B.A.	1982	University of London, UK.

Research Interests:

Money and Capital Markets
ARCH/GARCH Financial Modelling of Middle Eastern Stock Markets – Heat Wave and Meteor Effects
Corporate Finance
Banking

Grants & Work-in-Progress

2010 Research Incentive Fund AED 15,000. Impact of Internet banking on Arab Banks' Comparative Efficiency Performances.
2009 (October) Research Award US $280,000. Collaboration with Thunderbird, Arizona, USA. Analysis of cultural and economic development in UAE. Case Studies methodological approach analysis.
2008 Research Incentive Fund AED 22,000. Diffusion of Electronic banking adoption.
2007 Research Incentive Fund AED 17,500. A preliminary empirical Investigation of electronic banking presence in the United Arab Emirates.

Personal direction:

To teach, research and be actively involved in the area of strategic and quantitative finance, economics and banking.

Recent Publications (Blind peer-reviewed).

“Analyzing The Impact Of Visitors On Page Views With Google Analytics”, Journal of Interactive Marketing, (with D. Budd), (submitted 2011).
“Fat Tails, Volatility Clustering and Leverage Effects of MENA Stock Markets”. Journal of Applied Finance, (with D. McCrohan), (submitted 2011).
“Oil Price Meteor Wave Effects on the Kingdom of Saudi Arabia Financial Market”, Journal of Finance, (with D. McCrohan), (2011).
“Principal Component Factor Analysis as an instrument to extract additional information from Data Envelopment Analysis results” Journal of Economics and Finance, (submitted 2011).
“Investigating MENA Banks’ efficiency performances using website traffic”. International Journal of Emerging Markets. , ISBN 1746 8809, (with D.B.Budd), Vol. 6, No 4. 2011).
“Value-relevance of Internet Web Traffic and Revenue on Top Arab Banks Comparative Efficiency Performances”. International Business and Economics Research Journal. (with D.B.Budd), Vol. 10, (2), February 2011.
“The Consideration of Off-Balance Sheet Analysis Of Emerging Banking Performances Within the UAE” International Journal of Business and Emerging Markets. 1 (4), 315-340, (2009).
“A Preliminary Empirical Investigation of ‘brick-to-click’ Banking Presence in the United Arab Emirates”. Journal of Internet Banking and Commerce. (with D.B.Budd). Vol. 12, No.2. August 2007.
“Does Efficiency Matter When Profits Are High?” International Economics and Finance Journal (with C.R.Budd). Vol. 2, No. 1, 2007.
“Local Banking in the United Arab Emirates: A Comparative Analysis”. The Arab Bank Review, (with Kenneth Wilson). Vol. 7, No. 1. April 2005.
“A Non-Parametric Analysis Of Efficiency Performances: The Case Of United Arab Emirates’ Banks". The International Business & Economics Research Journal. Vol. 3 No. 10 ISSN1535-0754 October 2005 p.89 -96.

Recent Conference Proceedings Publications (blind peer-reviewed).

“Ranking efficiency units in DEA using bootstrapping: an applied analysis of Arab banks’ data. Data Envelopment Analysis Conference, Melbourne, Australia, August 2011.
“Investigating MENA Banks’ efficiency performances using website traffic” AIB-MENA Conference, Manara-Reigniting Growth, , 10-12 December 2010, Dubai, UAE.
“Best Accounting, Finance and Economics Paper Award”.
“Best Overall Conference Paper Award”
“An Investigation Of Internet Banking User Behaviour In The United Arab Emirates using Structural Equation Modeling”. The 20th Australian Finance and Banking Conference, 12th – 14th December 2007, Sydney, Australia.
“A Preliminary Empirical Investigation of ‘brick-to-click’ Banking Presence in the United Arab Emirates”. Conference of International Management and Internet Research. Edith Cowan University, Joondalup, Western Australia 6th -7th November 2007. ISBN: 0-7298-0644-8
“An Investigation of Internet Banking Presence in the United Arab Emirates”. The 36th Australian Conference for Economists. Hobart, Tasmania, Australia, 23rd – 26th September 2007.
“An Analysis Of The Relevance Of Off-Balance Sheet Items in Explaining Productivity Change In Middle East County Banking.” The Joint Middle East Business and Economic Review Conference, Dubai, UAE. March 2007
“Trust me, I’m Your Internet Banker!”. The Joint Middle East Business and Economic Review Conference, Dubai, UAE. March 2007
“An Analysis of Efficiency Performance and Productivity Change in UAE Local Banks” The 19th Australasian Finance and Banking Conference, Sydney, Australia. December 13-15, 2006
“Does Record Profitability Necessarily Reflect High Efficiency Performances:
The Case of UAE Local Banks?” The 35th Australian Conference of Economists, Curtin University of Technology, Perth, Western Australia. 25-27th September, 2006.
“Does “Local Banking in the United Arab Emirates: A Comparative Analysis”. Global Finance Conference Trinity College Dublin, Ireland. ISBN: 0-9768149-5-1 (with K. Wilson). June 27 – 29, 2005.
“Basel II Capital Accord and the United Arab Emirates’ Banks: An Efficiency Perspective”. Annual Meeting of American Academy of Accounting and Finance, in Chicago, Illinois, March 16-18, 2005.

Professional Associations

Member of: American Economic Association,
Australian Institute of Banking and Finance,
European Financial Management Association,
Middle East Economic Association.

Journal reviewer for:

The Middle East Business and Economic Review
Applied Economics

Teaching experience:
Undergraduate:

Microeconomics
Macroeconomics
Finance
Corporate Finance
Money & Capital Markets
Investments
Commercial Banking

Graduate courses:

Managerial Economics
Managerial Finance
Corporate Finance
International Banking & Finance

Previous teaching (and administrative) experience:

Zayed University, Dubai, UAE.
Curtin University of Technology, WA.
Notre Dame, Fremantle, WA.
Edith Cowan University, WA
University of London, UK

Commercial experience in UK

Local government, Beverage Industry and Building Industry

Recent Executive programs:

National Bank of Abu Dhabi, Islamic Banking. (June/July 2010).
National Bank of Abu Dhabi Financial Markets; Credit and Risk Management (UK). (February/April 2010).
Partnership with IFS School of Finance, UK, originally the ‘Chartered Institute of Bankers’ 2009 – 2010.
Central Bank of Dubai, Banking & Risk Management (June 2009).
Collaborative work with Heriot-Watt University, (Scotland), Finance & Banking (UK). (June 2008-10).

Recent Committees:

University Standing Committee for Research
College of Business Committee for Research
College of Business Committee for Curriculum Development

Recent Awards

“Best Accounting, Finance and Economics Paper Award” and “Best Overall Conference Paper Award”, AIB-MENA Conference, Manara-Reigniting Growth, 10-12 December 2010, Dubai, UAE.
MacQuarie University Applied Finance Centre, Financial Modeling. December 2008.
• Best Faculty Award College of Business Sciences 2005 & 2008.
Finalist for the Dubai Economic Research Award (DERA Award High Commendation), April 2006.

Alfaisal University
Master Plan Video