Dr Maryam Alhalboni
Lecturer in Finance

Research

Overview

Maryam’s research interests are in areas of Market Microstructure, Islamic finance and corporate finance. Her work in the area of Market Microstructure includes high-frequency trading, market liquidity and trading behaviours and information asymmetry. Her works have a policy relevance on issues related to the role of information asymmetry in trading behaviours and the incentives of market makers to provide liquidity during different markets’ conditions. Her work in Islamic finance covers risk management topics and the impact of profit-sharing investment accounts on shareholders’ wealth and the banks’ market power.

In corporate finance, she is interested in topics related to mergers and acquisitions and the implied cost of capital.

Publications

Selected publications

Selected papers

• "The impact of Covid-19 and prior crises on pricing power in the market for participatory deposits," presented at World Finance Conference, 2023.
• "The Impact of New Millennium Crises on the Market Power of Islamic Banks," presented at Finance and Business Analytics Conference, 2023.
• "Implying divisional costs of capital for Islamic banks: a direct approach," presented at International Conference in Finance, Banking and Accounting, 2023.
• “The Impact of Profit-Sharing Investment Accounts on Shareholders’ Wealth”, accepted at World Finance Conference, 2020.
• “The Political Origin of the Convoluted Takaful Organizational Structure”, accepted at 19th World Congress of the IEA, 2020.
• “Limit Order Books and Order Submission Strategies around Ex-Dividend Days”, presented at Paris Financial Management Conference, 2019.
• “Market microstructure effects around ex-dividend day - Evidence from London Stock Exchange”,
  presented at International Finance and Banking (IFABS) 2018 Porto Conference, 2018.
• “A Structural Model of “Alpha” for Islamic Banks”, accepted at the 8th International Conference on
  Islamic Banking and Finance: Risk Management, Regulation, and Supervision, 2017.
• “Impact of ex-dividend day on intraday trading patterns - Evidence from London Stock Exchange”, presented at Portsmouth-Fordham Conference, 2016.

Book chapters

• Alhalboni, M., Ebrahim, M. S. & Jatmiko, W. (2021). Rationalizing the Takaful Organizational Form with Institutional Theory. In Handbook of Banking and Finance in Emerging Economies. Nguyen, D. Edward Elgar.

Journal Article

• Alhalboni, M., & Baldwin, K. (2024). The impact of new millennium crises on the power of Islamic banks in deposit markets. International Journal of Finance & Economics.
  
• Baldwin, K; Alhalboni, M. (2023). A Value-Based Measure of Market Power for the Participatory Deposits of Islamic Banks. Journal of International Financial Markets, Institutions and Money, 87, 101809.
• Baldwin, K; Alhalboni, M. (2020). The impact of profit-sharing investment accounts on shareholders’ wealth. Journal of International Financial Markets, Institutions and Money, 69, 101253.
• Baldwin, K., Alhalboni, M., & Helmi, M. H. (2019). A structural model of “alpha” for the capital adequacy ratios of Islamic banks. Journal of International Financial Markets, Institutions and Money, 60, 267-283.

Special Report

• IFN - The impact of new millennium crises on the deposit market power of Islamic banks
• IFN - The pricing of profit-sharing investment accounts and the market power of Islamic banks.