Photo of Mahmoud Agha

Mahmoud Agha

Dr, BBkg&Fin Jordan, PhD Melb.

  • The University of Western Australia (M250), 35 Stirling Highway,

    6009 Perth

    Australia

  • 12 Citations
  • 2 h-Index
20082018
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Personal profile

Biography

Mahmoud Agha is currently an Assistant Professor in Finance at the University of Western Australia. Mahmoud completed his PhD degree from the University of Melbourne in December 2008. In his PhD thesis, Mahmoud analyzed the role of managerial incentives and corporate governance in mitigating the agency costs of free cash flows. He developed a model able to identify those problems associated with the agency costs of free cash flows like: overinvestment and underinvestment, overpayment and underpayment of dividends, the role of different managerial incentive schemes and corporate governance in mitigating these agency costs, and the ultimate impact on firm performance. His empirical findings uncover many missing interrelations in the Finance literature.

Mahmoud started his academic life in 2005 when he left his professional career to complete his PhD degree. During his PhD studies at the University of Melbourne, Mahmoud tutored two third-year subjects: Corporate Finance and Derivative Securities. Being a CFA Charterholder, Mahmoud also lectured in 4 CFA review programs organized by the CFA Society of Melbourne.


Roles and responsibilities

Mahmoud has been a lecturer at UWA Business School since 2008. He teaches two finance units and also supervises Honour and PhD students. Mahmoud also heads the group of corporate finance cluster and acts as the principal contact person with the CFA institute. Mahmoud is frequently nominated by his students for excellence in teaching award and persistently exceeds the university’s teaching expectations. However, for personal reasons, Mahmoud normally does not apply for the teaching awards.

PhD students under current supervision:

  • Anna Retnawati: since February 2017-Present. Co-supervised with Professor Dirk Baur.
  • Man Duy Pham: since October 2016-Present. Co-supervised with Dr. Jing Yu.

Supervision of PhD students toward completion:

  • Seyed Amir Sabet: Co-supervised this student with Professor Richard Heaney from March 2012 until final award of the PhD in 2015. Amir had submitted his PhD thesis in August 2014 and was granted the PhD degree in 2015.

Supervision of Honours students toward completion:

  • Jack Merrit: co-supervisor in 2017. The student completed his Honours degree successfully.
  • Matthew Auw: sole supervisor in 2016. The student completed his Honours degree successfully.
  • Shivani Pramathevan: sole supervisor in 2016. The student completed her Honours degree successfully.
  • Clement Cher: sole supervisor in 2014. The student completed his Honours degree successfully.
  • Devon Dundelowitz:  co-supervised this student with Robert Durand in 2010. The student completed his Honours degree successfully.

 

Funding overview

Mahmoud is entitled to an annual research grant of AUD 10,000 provided by UWA business school.

Previous positions

Mahmoud had around seven-year professional experience. During his professional life, Mahmoud worked as a Loan Officer, Financial Markets Analyst, Credit Analyst, and Financial Consultant in Jordan, Dubai, Sharjah and Kuwait.

Current projects

-The Alignment Effects of CEO Incentives in the Presence of Government Ownership:International Evidence  from the GCC Countries. With Baban Eulaiwi
-How reliable is the evidence against the pecking order theory? By Mahmoud Agha.
-Internal Governance and Corporate Investment. With Marty Pham and Jing Yu.
-Executive age and gender and corporate financial decisions. With Shivani Pramathevan.
-Domestic vs overseas acquisitions: Does it matter? With Jack Merritt

Industrial relevance

As a CFA Charterholder, Mahmoud has a strong connection with the investment industry. His research areas are also important for corporate decision-making process.

Teaching overview

Mahmoud currently teaches the following units:
- Business Analysis and Valuation (FINA2207)
- Financial Statement Analysis and Business Valuation(FINA5523)

Mahmoud also taught the following units:
-Funds Management (FINA5526)
-Advanced Corporate Finance (FINA4482)
-Introduction to Finance (FINA1221/FINA2221)
-Derivative Products and Markets (FINA2204)
-Financial Planning (FINA2209)

Research

His research interests are generally focused on corporate finance areas such as: principal-agent problem, executive incentives structures, corporate governance and factors affecting corporate financial decisions.

Languages

English and Arabic

Keywords

  • Corporate Financial Decisions
  • Corporate Governance
  • Mergers And Acquisitions
  • Capital Structure
  • Agency Cost Theory
  • Corporate financial decisions
  • Agency costs of equity
  • Corporate governance
  • Ownership and control

Fingerprint Fingerprint is based on mining the text of the person's scientific documents to create an index of weighted terms, which defines the key subjects of each individual researcher.

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Research Output 2008 2018

  • 12 Citations
  • 2 h-Index
  • 4 Article
  • 1 Other chapter contribution

Value of investment: Evidence from the oil and gas industry

Sabet, A. H., Agha, M. & Heaney, R., Feb 2018, In : Energy Economics. 70, p. 190-204

Research output: Contribution to journalArticle

Gas industry
Innovation
Gases
Oils
Resources
1 Citations

Agency costs, executive incentives and corporate financial decisions

Agha, M., 2016, In : Australian Journal of Management. n/a, p. 1-34

Research output: Contribution to journalArticle

4 Citations
Financial decisions
Financial flexibility
Credit
Rating
Upgrade
7 Citations

Leverage, executive incentives and corporate governance

Agha, M., 2013, In : Accounting and Finance. 53, 1, p. 1-30

Research output: Contribution to journalArticle

Investment, Dividends, Firm Performance and Managerial Incentives: Another Insight into the Role of Corporate Governance

Agha, M., 2008, Not available. United States

Research output: Chapter in Book/Conference paperOther chapter contribution

Prizes

Corporate governance
Teaching
student
Management research