Parvez  Ahmed


Accounting & Finance • Coggin College of Business

Areas of Expertise

Derivatives, Asset Pricing, Valuation of Companies, Capital Budgeting, Evaluating Performance of Portfolios, 


  • Ph.D., Finance, University of Texas at Arlington, Texas; Minor in Economics.                                 1996
  • MBA, Temple University, Philadelphia, Pennsylvania; Concentration in Finance.                          1990
  • BS, Mechanical Engineering, Aligarh Muslim University; India Minor in Industrial Engineering. 1987


Parvez Ahmed is Director of Center for Sustainable Business Practices and Professor of Finance at the Coggin College of Business, University of North Florida (UNF). In 2009 he was named a U.S. Fulbright Scholar. Prior to joining UNF he taught at Penn State University in Harrisburg and University of North Carolina at Charlotte where he also served as the founding Faculty Advisor for the Student Managed Investment Fund. At PSU he was also the Associate Director of the Giant Food Center for Economic Development. He has led student study abroad programs to London, Paris, Turkey and Egypt. His research work has appeared in several major finance journals such as the Journal of Portfolio Management, Financial Management, Journal of Banking and Finance, Journal of Investing, and Financial Review. In addition his papers have been published in Applied Economic Letters, Global Business and Finance Review, International Review of Economics, Managerial Finance, Journal of Wealth Management, and Journal of Alternative Investments. He coauthored a book titled, “Mutual Funds – Fifty Years of Research Findings.” The book is published by Springer. He also published an article in the Case Western Reserve Journal of International Law. Currently he is a member of Jacksonville’s Human Rights Commission. He also serves on the boards of Museum of Science and History, and the World Affairs Council of Jacksonville. In 2010 Folio Weekly named him “Person of the Year.” In 2014 he was awarded the Silver Medallion Humanitarian Award by OneJax. In 2015 he was named Arthur Vining Davis Fellow to the Aspen Ideas Festival. In addition Dr. Ahmed writes editorials about Islam and the American Muslim experience. He is a regular contributor to Huffington Post. Dr. Ahmed also teaches a special 10-week course titled, “Islam-the faith, the people and their politics,” at the Osher Lifelong Learning Institute in UNF


  1. Desmond Tutu Peace and Reconcilliation Award, UNF                                              2016

  2. Coggin Research Fellow                                                                                                   2015

  3. Arthur Vining Davis Fellow to Aspen Ideas Festival                                                     2015

  4. Silver Medallion, Humanitarian Award, OneJax Institute at UNF                               2014

  5. James M. Parrish Outstanding Faculty Service Award Beta Gamma Sigma, UNF 2013

  6. Most Influential South Asian, Indo-US Chamber of Commerce                                  2013

  7. Person of the Year, Folio Weekly                                                                                      2010

  8. Fulbright Scholar, US Department of State                                                                     2009 to 2010

  9. Outstanding Researcher, Coggin College of Business, UNF                                      2003, 2005-06, 

  10. Outstanding Teacher, Coggin College of Business, UNF                                             2005

  11. Exemplary Teacher, Coggin College of Business, UNF                                               2004-2005

  12. Exemplary Teacher, Coggin College of Business, UNF                                               2007-2008

  13. Exemplary Teacher, Coggin College of Business, UNF                                                2009-2011

  14. Exemplary Researcher, Coggin College of Business, UNF                                         2002-2006

  15. Exemplary Researcher, Coggin College of Business, UNF                                         2009-2014


  • Member of Financial Management Association International                                             1996 to present
  • Guest Lecturer for Joe Berg Honor Society,                                                                            2011, 2013, 2015.
  • Member of Board, Museum of Science and History, Jacksonville,                                      2013 to present.
  • Member of Board, World Affairs Council, Jacksonville,                                                         2013 to present.
  • Member of United Way’s Income Strategy Council,                                                               2012.
  • Member of Jacksonville Human Rights Commission,                                                            2010 to present.
  • Member of Board, OneJax - An Institute of the University of North Florida,                        2006 to 2012.
  • Chairman of Board, Council on American Islamic Relations, Washington DC,                 2005 to 2008.
  • Member of Board, Islamic Center of Northeast Florida, Jacksonville,                                  2007, 2011 to 2014.
  • Member of Board, National Conference on Community and Justice,                                  2003 to 2006.
  • Member of Board, American Civil Liberties Union, Florida,                                                   2006 to 2007.
  • Chairman of Board, Council on American Islamic Relations, Florida,                                 2002 to 2005.
  • Blogger on Huffington Post:
  • Personal Blog:

Publications & Presentations

  1. Ahmed, Parvez, “Mutual Funds in Emerging and Developing Markets,” forthcoming in Mutual Funds: Building Blocks for Investment Portfolios, Edited by H. Kent Baker, Greg Filbeck, and Halil Kiymaz, Oxford University Press.
  2. Ahmed, Parvez, “Institutional Investors and Private Equity,” in Portfolio Theory and Management, Edited by H. Kent Baker, Halil Kiymaz, and Greg Filbeck, Oxford University Press, June 2015, pages 311-329.
  3. Ahmed, Parvez, and Don Wiggins, “Estimating Blockage Discounts,” The Journal of Wealth Management, Winter 2014, pages 1-10.
  4. Ahmed, Parvez, “Corporate Governance and Ethics of Islamic Finance Institutions,” forthcoming in Journal of Islamic Economics, Banking and Finance.
  5. Ahmed, Parvez, and Saurabh Gupta, “Digital Designs in Civic Discourse: A Theoretical Design Perspective,” International Journal of Public Information Systems, Vol. 10, No. 1, 2014, pages 1-19.
  6. Ahmed, Parvez and John Adams, “The Performance of Faith-Based Funds,” Journal of Investing, Vol. 22, No. 4, 2013, pages 83-92.
  7. Ahmed, Parvez and Kristine Beck, “Financial Impact of Green Rankings in Newsweek,” International Research Journal of Applied Finance, Vol. IV, Issue 9, September 2013, pages 1163-1173.
  8. Ahmed, Parvez, “Stock Market Efficiency and Market Microstructure in Emerging Markets,” in Market Microstructure in Emerging and Developed Markets edited by H. Kent Baker and Halil Kiymaz, 2013, pages 387-406. Robert W. Kolb Series in Finance. Published by Wiley.
  9. Ahmed, Parvez, Oliver Schnusenberg, and Sudhir Nanda, “Can Firms Do Well While Doing Good?” Applied Financial Economics, Vol 20. Issue 11, June 2010, pages 845-860.
  10. Ahmed, Parvez, Kristine Beck, Sudhir Nanda, “Performance of Micro-Cap Mutual Funds,” Journal of Investment Consulting, Vol. 11, No. 1, 2010, pages. 45-49.
  11. Ahmed, Parvez, “Integrating Ethics in Finance Curriculum,” Independent Business Review, Vol. 2, Number 2, July 2009, pages 21- 34. [Journal ISSN 1996--3572].
  12. Ahmed, Parvez, “Terror in the Name of Islam – Unholy War not Jihad,” Case Western Reserve Journal of International Law, 2007‐2008 v 39 (3) pages 759‐788.
  13. Ahmed, Parvez, “American Muslims: Integration and Disenfranchisement,” in Changing Identities – Evolving Values Is There Still a Transatlantic Community? Esther Brimmer, ed. Center for Transatlantic Relations, John Hopkins University, 2006.
  14. Ahmed, Parvez, and Sudhir Nanda, “The Performance of Enhanced Index and Quantitative Funds,” Financial Review, November 2005, v 40 (5).
  15. Ahmed, Parvez, Kristine Beck, and Elizabeth Goldreyer, “Performance of Focus Mutual Funds,” Journal of Applied Business and Economics, 2005, v.5(1) 9‐16.
  16. Ahmed, Parvez, Kristine Beck, and Elizabeth Goldreyer, “Moving Average Technical Trading Strategies for Currencies of Emerging Economies,” Managerial Finance, Spring 2004, v. 31 (5).
  17. Ahmed, Parvez, Partha Gangopadhyay and Sudhir Nanda, “Investing in Emerging Market Mutual Funds,” Journal of Business and Economic Perspectives, Spring/Summer 2003, v. 29 (1) 5‐15.
  18. Ahmed, Parvez, John Gallo, Larry J. Lockwood and Sudhir Nanda, “Multi‐Style Investment Models,” The Handbook of Equity Style Management, 2003, Third Edition, T. Daniel Coggin, Frank J. Fabozzi and Robert D. Arnott, eds, (Frank J. Fabozzi Associates)
  19. Ahmed, Parvez, “e‐Capital Budgeting: Managing Strategic Investments in a World of Uncertainty,” in Managing Business with Electronic Commerce: Issues and Trends, Idea Group Publishing, 2002, 182‐198.
  20. Ahmed, Parvez, John Gardella, and Sudhir Nanda, “Wealth Effect of Drug Withdrawals on Firms and their Competitors,” Financial Management, Autumn 2002, v.31(3) 21‐41.
  21. Ahmed, Parvez, Larry Lockwood and Sudhir Nanda, “Benefits of Multi‐Style Rotation Strategies,” Journal of Portfolio Management, Spring 2002, v.28(3), 17‐29.
  22. Ahmed, Parvez, “Forecasting Correlation Among Equity Mutual Funds,” Journal of Banking and Finance, v. 26(6), 1187‐1208 June 2001.
  23. Ahmed, Parvez and Sudhir Nanda, “Style Investing: Incorporating Growth Characteristics in Value Stocks,” Journal of Portfolio Management, Spring 2001, v. 27(3), 47‐60.
  24. Ahmed, Parvez and Larry Lockwood, “Economic Conditions and Stock Pricing,” Journal of Alternative Investments, Winter 2000, v. 3(3), 47‐52.
  25. Ahmed, Parvez, Kristine Beck, and Elizabeth Goldreyer, “Can Moving Average Technical Trading Strategies Help In Volatile and Declining Markets? A Study of Some Emerging Asian Markets,” Managerial Finance, 2000, v. 26(6), 49‐62.
  26. Goldreyer, Elizabeth., Parvez Ahmed and David Diltz, “The Performance of Socially Responsible Mutual Funds,” Managerial Finance, 1999, v. 25(1), 25‐40.
  27. Ahmed, Parvez and Larry Lockwood, “Changes in Factor Betas and Risk Premiums Over Varying Market Conditions,” Financial Review, 1998, v. 33(3), 149‐168.
  28. Ahmed, Parvez and Steve Swidler, “The Relation Between the Informational Content of Implied Volatility and Arbitrage Costs: Evidence from the Oslo Stock Exchange,” International Review of Economics and Finance, 1998, v. 7(4), 465‐480.
  29. Swanson, Peggy and Parvez Ahmed, “Deutschemark Dominance of EMS Currencies: Evidence from Daily Spot Exchange Rates,” Global Business and Finance Review, Spring 1997, v. 2(1), 1‐12.
  30. Swidler, Steve and Parvez Ahmed, “Wealth Transfer and the Initial Pricing of PERCS,” Applied Economics Letters, 1994, v. 1(11), 190‐193.

AhmedContact Information

Building 42, Room 3216

(904) 620-1678


Office Hours

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