Dr Rasha Alsakka

Division: Financial Studies

Location: Room 1.06, Hen Goleg

Telephone: 01248 38 3571

Email: r.alsakka@bangor.ac.uk

Profile

Reader in Banking and Finance

Rasha Alsakka is a Reader in Banking and Finance at Bangor Business School. Rasha was appointed at Bangor in January 2010. Previously she taught at Aberystwyth University. Her work has appeared in many internationally recognised journals, including Journal of Banking and Finance, Journal of International Money and Finance, Journal of Economic Behavior and Organization, British Accounting Review, European Journal of Finance,and Journal of International Financial Markets, Institutions & Money.

She is a senior member of the credit rating research group at Bangor.

Roles within Bangor Business School

  • BBS Disability Tutor
  • BBS Ethics Officer
  • Member of CBLESS Ethics committee
  • Personal tutor
  • Teaching Advisor and Mentor, PGCertHE
  • Supervision of PG & UG dissertations

Qualifications

PhD in Accounting and Finance, University of Aberystwyth, UK
MSc Econ in Accounting and Finance, Aberystwyth University, UK
Postgraduate Certificate in Higher Education (PGCertHE) – Distinction
Postgraduate Diploma in Accounting
BSc (Distinction) in Economics

Research Interest

Credit risk and credit ratings, Emerging markets, European sovereign debt crisis, Credit and uncertainty.

Publications

  • "What drives differences of opinion in sovereign ratings? The roles of political risk and transparency". International Journal of Finance and Economics (2017), Forthcoming. Co-authors: H. Vu and O. ap Gwilym.
  • "Does the disclosure of unsolicited sovereign rating status affect bank ratings". British Accounting Review (2017), 49, pp.194-210, Co-authors: P. Klusak and O. ap Gwilym.
  • "Differences of opinion in sovereign credit signals during the European crisis". European Journal of Finance (2016) Forthcoming, Co-authors: H. Vu and O. ap Gwilym.
  • "Does sovereign creditworthiness affect bank valuations in emerging markets?" Journal of International Financial Markets, Institutions & Money (2015), 36,pp. 113-129, Co-authors: G. Williams and O. ap Gwilym.
  • "The credit signals that matter most for sovereign bond spreads with split ratings", Journal of International Money and Finance (2015), 53, 174–191. Co-authors: H. Vu and O. ap Gwilym.
  • “Market Impact under a New Regulatory Regime: Credit Rating Agencies in Europe”, Economic Notes (2015), 44, 275-307. Co-authors: O. ap Gwilym, P. Klusak, V. Tran.
  • "Sovereign rating actions and the implied volatility of stock index options", International Review of Financial Analysis (2014), 34, 101–113. Co-authors: O. ap Gwilym and V. Tran.
  • "The sovereign-bank rating channel and rating agencies' downgrades during the European debt crisis", Journal of International Money and Finance (2014), 49, 235–257. Co-author: O. ap Gwilym and T.N. Vu.
  • "The impact of sovereign rating actions on bank ratings in emerging markets", Journal of Banking and Finance (2013), 37 (2), 563-577. Co-author: G. Williams and O. ap Gwilym.
  • "Foreign exchange market reactions to sovereign credit news", Journal of International Money and Finance (2012), 31, 845-864. Co-author: O. ap Gwilym.
  • "Rating agencies' signals during the European sovereign debt crisis: Market impact and spillovers", Journal of Economic Behavior and Organization (2013), 85, 144-162. Co-author: O. ap Gwilym.
  • "Rating agencies' credit signals: An analysis of sovereign watch and outlook", International Review of Financial Analysis (2012), 21, 45-55. Co-author: O. ap Gwilym.
  • "The causes and extent of split sovereign credit ratings in emerging markets", Emerging Markets Finance and Trade, (2012), 48, 5 - 25. Co-author: O. ap Gwilym.
  • "Sovereign rating actions: Is the criticism justified?" Intereconomics (2011), 46, 248-253, Co-author: O. ap Gwilym.
  • "The information content of sovereign watchlist and outlook: S&P versus Moody's", (2011), Chapter 7 in Bank Strategy, Governance and Ratings, 134-156, Palgrave MacMillan, UK. Co-author: O. ap Gwilym.
  • "Leads and Lags in Sovereign Credit Ratings", Journal of Banking and Finance (2010), 34, 2614-2626.  Coauthor:  O. ap Gwilym.
  • "A Random Effects Ordered Probit Model for Rating Migrations", Finance Research Letters (2010), 7, 140-147. Coauthor:  O. ap Gwilym.
  • "Split Emerging Sovereign Ratings and Rating Migration", Emerging Markets Review (2010), 11 (2), 79-97. Coauthor:  O. ap Gwilym.
  • "The extent and causes of sovereign split ratings", Emerging Markets Finance and Trade (2010), forthcoming. Coauthor:  O. ap Gwilym.
  • "Heterogeneity of Sovereign Rating Migrations in Emerging Countries", Emerging Markets Review 2009, 10 (2), 151-165. Coauthor:  O. ap Gwilym. 

Conference and seminar presentations

  • INFINITI Conference on International Finance, Dublin – Ireland (2016)
  • XXIV InternationalRome Conference on Money, Banking and Finance. Rome - Italy (2015)
  • Wolpertinger Conference - Granada, Spain (2015)
  • European Financial Management Association - Reading (2013)
  • International Conference on the Global Financial Crisis - Southampton (2013)
  • Emerging Markets Group Conference- Cass Business School (2011)
  • Financial Sector Performance & Risk (Post-Crisis) Conference, Bangor Business School (2011)
  • British Accounting and Finance Association Annual Conference, Birmingham (2011), Cardiff (2010), Dundee (2009)
  • Wolpertinger conference, Bangor, UK (2010)
  • Emerging Markets Conference, Turkey (2010)
  • Newcastle Economics seminar, Newcastle University, UK (2010)
  • University of Wales Accounting & Finance Colloquium, Gregynog (2008)
  • School of Management & Business, Aberystwyth University, Aberystwyth (2006)

Teaching

Undergraduate Teaching:

  • Investment (ASB-2217 & ASB-3217)

Postgraduate Teaching:

  • Investment Strategy and Portfolio Management (ASB-4425)
  • Current Issues in International Finance (ASB-4441)

Doctoral workshop

  • Credit Ratings
  • Research Methods - Limited dependent variables
  • Research design and strategy: Ethics and Research

PhD Students Supervisor

  • Phuc Lam Thy Nguyen (2015 – present).
  • Laurence Jones (2015 – present).
  • Andrea Martin (2015 – present).
  • Anh Quang Nguyen (2015 – present).
  • Irfan Sahibzada (Completed in July 2016).
  • Patrycja Karolina Klusak (Completed in May 2016).
  • Vu Tran (Completed in Jan 2015).
  • Huong Thi Vu (Completed in Dec 2014).
  • Gwion Williams (Completed in March 2013).

Activities

PhD examination:

Hull University Business School, Bangor Business School.

External examiner:

  • Newcastle University - UK (September 2016 – Present)
  • University of Hertfordshire UK & INTI University - Malaysia (2015 - Present)
  • External module marker and auditor for the London School of Economics and Political Science LSE (2009-2013)

Awards and Grants

Center for the Enhancement of Learning: CELT Associate Award (2016).

ESRC & BBS PhD Studentship in Financial Economics starting in September 2015 for three years. Full awards consist of a stipend of approximately £14,168 per annum and a fee contribution of approximately £4,084. Students will also be eligible to apply for a research allowance (£750 per annum).

ESRC & BBS PhD Studentship in Financial Economics started in September 2012 for three years. Full awards consist of: a stipend of approximately £13,590 per annum and a fee contribution of approximately £3,807.

Ah-hoc Refereeing

Bank of Spain, Journal of Banking and Finance, Journal of Empirical Finance, Journal of International Money and Finance, European Journal of Finance, Journal of Economic Behavior and Organization, International Review of Financial Analysis; Emerging market Review, Journal of Financial Stability and Emerging Markets Finance and Trade, Journal of Money, Credit and Banking, International Journal of Finance and Economics