About Us

Brief History

We launched www.OpenDoors.Pk back in 2009 for sharing class notes, slides, and quizzes with our students. With the passage of time, we gradually added more contents to the site. These included annual reports of the companies listed at the Pakistan Stock Exchange, monetary statistics, macroeconomic data, and much more. These contents attracted significant attention from all over Pakistan.

We received a large number of requests for additional data as well as for guidance on research methods. Responding to all such requests was simply not possible due to time and other constraints.  Further, collecting additional data and updating existing data sets seemed impossible without getting paid help from others. Therefore, we decided to add a paid section to our website. The paid section of the website proved to be a life blood for the website.

Gradually, we added several paid services to the website. This website is an off-shoot of www.OpenDoors.Pk. We have the same motivation to serve the research community by offering a variety of services such as data management, guidance in statistical tools, and writing dedicated packages. Our group, StataProfessor, is led by Dr. Attaullah Shah. He has vast experience in research, student supervision, software development, and academic journals. His resume is given below:

 

About Dr. Attaullah Shah

My Curriculum Vitae  [Download]

Post-Doc in Finance (2014) from University of Kentucky, USA.

PhD in Finance (2007-2010) from Muhammad Ali Jinnah University, Islamabad

MS in Finance (2004-2007) from Muhammad Ali Jinnah University, Islamabad

Master of Business Administration (2001-2003 major in Finance) Institute of Management Studies, UOP

B.com (1998-2000) from Gomal University D.I. Khan

D.com (1998) from Board of Technical Education Peshawar

S.S.C. (1996) from Board of Intermediate and Secondary Education Bannu

 

Distinctions


 Best University Teacher Award 2014 conferred by the Higher Education Commission of Pakistan

HEC Approved Supervisor

Best Paper Award Received at INSPIRE International Conference 2014-Dubai

Nominated for HEC-best-University teachers from IMSciences in 2010

MS Degree with distinction

First Position in MBA with CGPA 4.00 on the scale of 4.00

First Position in B.com from Gomal University; Qualified for Gold Medal.

Second Position in D.com II from B.T.E. Peshawar.

 

Publications


 

47. Attaullah Shah, Hamid Ali Shah, Joe Labianca, and Jason Smith (2017), “Judicial Efficiency and Capital Structure: An International Study” Journal of Corporate Finance, Vol. 44, pp. 255-274 [The Journal is listed in ISI Thompson Reuters JCR, impact factor = 1.268] https://doi.org/10.1016/j.jcorpfin.2017.03.012

46. Muhammad Afraz and Attaullah Shah (2017), “What Explains the Declining Corporate Debt Maturity of Pakistani Firms? The Analysis of Demand and Supply-Side Factors” Abasyn Journal of Social Sciences, Vol. 10, No.1 pp. 61-85 [Recognized by  the HEC in Xcategory]

45. Ajid Ur Rehman and Attaullah Shah (2016) ” Lead-Lag Relationship and Directional Asymmetry in Stock Returns of Small and Large Portfolios: Evidence from Karachi Stock Exchange” Business Review. 11(2), 1-15. [Recognized by  the HEC in X-category]

44. Attaullah Shah and Zahoor Khan (2016) “Importance of Judicial Efficiency in Capital Structure Decisions of Small Firms: Evidence from Pakistan. Pakistan Development Review, Vol 55, No. 4, Part II, pp. 361-394. [Recognized by  the HEC in X-category and Indexed in Scopus]

43. Imran Riaz Malik and Attaullah Shah (2017) The Impact of SSFs on Market Efficiency and Volatility: A Dynamic CAPM Approach“, Emerging Markets Finance and Trade, Vol. 53 No. 2, pp. 339-356, [The Journal is listed in ISI Thompson Reuters JCR, impact factor = 0.768, recognized by  the HEC in W-category]http://dx.doi.org/10.1080/1540496X.2016.1210507

42.  Imran Riaz Malik and Attaullah Shah (2016), “Resumption of Single Stock Futures (SSFs) with Stringent Regulations and their Impact on the Risk Characteristics of the Underlying StocksBusiness & Economic Review, 8(2), 12–32 [Recognized by  the HEC in Y-category]dx.doi.org/10.22547/BER/8.2.1
 

41. Afia Saleem and Attaullah Shah (2016) “Fouling Off the Curves:  the Mediating Role of Resilience an Assault against Teachers’ Stress “Pakistan Business Review, Vol. 17, No. 4, pp.1006-1022, [Recognized by  the HEC in X-category]

 

2015


40. Nicole Rasool and Attaullah Shah (2015) “Evaluating the Impact of Human Resources on Firm Performance: A Literature Review” Journal of Behavioural Sciences, Vol. 25, No. 2, pp. 25-46 [Recognized by  the HEC in X-category]

 
39. Ejaz Hussain and Attaullah Shah (2015) “Impact of Ownership Structure on Dividend Smoothing: A Comparison of Family and Non−Family Firms in Pakistan “Afro-Asian Journal of Finance and Accounting, Vol. 5, No.4, pp. 356-377 [Indexed in Scopushttp://dx.doi.org/10.1504/AAJFA.2015.073489
 
38. Shahnawaz Khan, Attaullah Shah, Salman Ahmad (2015), “The Role of Out-of-Class Communication in Instructor’s Verbal/Non-Verbal Behavior, Trust, and Student Motivation, Business & Economic Review, Vol. 6, No.1, pp:81-100 dx.doi.org/10.22547/BER/7.1.5
37. Hamid Ullah and Attaullah Shah (2015), “Related Party Transactions and Corporate Governance Mechanisms: Evidence from Firms Listed On the Karachi Stock Exchange“, Pakistan Business Review, Vol. 17, No. 3, pp. 663-680 [Recognized by  the HEC in X-category]
 
36. Hassan Sardar, Attaullah Shah and Naimat Ullah Khan (2015) “Conditional Relationship Between Beta And Stock Returns In The Karachi Stock Exchange, Business Review, Under review
35. Hamid Ali Shah and Attaullah Shah (2015) “Can Momentum Portfolios Earn More in the Karachi Stock Exchange?”, Pakistan Business Review, Vol. 17, No. 1, pp. 80-98 [Recognized by  the HEC in X-category]
 
 

2014


34. Ihsan Ullah and Attaullah Shah (2014), “The Effect of Capital Structure on Abnormal Stock Returns: Evidence from Pakistan“, Business & Economic Review, Vol. 6, No.1, pp:1-18 dx.doi.org/10.22547/BER/6.1.1

33. Attaullah Shah, Nadia Iftekhar, and Iftekhar Ul Ameen (2014) “Islamic Mutual Funds Financial Perofrmance in Adverse Economic Conditions: A Case Study of  Pakistan”, Peshawar Islamicus, Vol. 5, No. 1, pp. 19-34 [Download[Recognized by  the HEC in Z-category]
32. Kamran and Attaullah Shah (2014) “The Impact of Corporate Governance and Ownership Structure on Earnings Management Practices: Evidence from Listed Companies in Pakistan”, The Lahore Journal of Economics, Vol. 19, No. 2, pp. 27-70 [Download[Recognized by  the HEC in X-category]
 
31. Attaullah Shah and Jasir Ilyas (2014) “ Is Negative Profitability-Leverage Relationship  the only Support for Pecking Order Theory in Pakistan, Pakistan Development Review, Vol 53, No. 1, pp. 33-55  [Recognized by  the HEC in X-category]
 
30. Imran Riaz Malik and Attaullah Shah (2014) “Investor Behavior and Future Markets: A Dynamic CAPM Augmented GJR-GARCH Process Approach with Non-normal Distributions”, Pakistan Journal of Applied Economics, Vol. 24, No. 2, pp. 121-142  [Download[Recognized by  the HEC in Y-category]
 
29. Alina Maqsood and Attaullah Shah (2014), ” Corporate Governance and Cash Holdings in Listed Non-Financial Firms in Pakistan ” Business Review, Vol.9 No.2, pp 48-72  [Download[Recognized by  the HEC in Y-category]

2013

 
28. Imran Riaz Malik, Attaullah Shah, and Safiullah Khan (2013). Single Stock Futures Trading and Its Impact on Feedback Trading and Volatility: A Case Study of Pakistan, Forman Journal of Economic Studies Vol. 9, (January–December) pp. 81-106 [Download[Recognized by  the HEC in Y-category]
27. Muhammad Nouman , Attaullah Shah (2013)Risk Adjusted Performance of Pakistani Mutual Funds, Business & Economic Review, Vol 5 No. 2, pp. 1-11 dx.doi.org/10.22547/BER/5.2.5
26. Hamidullah and Attaullah Shah. (2013). Lead-Lag Relationship in Spot and Future Market: Evidence from Pakistani Stock Market KSE-100 IndexBusiness ReviewVol 8: No 1. pp. 135-148 [Download[Recognized by  the HEC in Y-category]
25. Jabeen, Maryam. and Shah, Attaullah. (2013). “The Inter-Relationship between Initial Profits, Growth-Focused Firms and Profit-Focused Firms: Evidence from KSE 100-Index Pakistan“. Pakistan Journal of Commerce and Social SciencesVol. 7 No. 3, pp.671-682 [Download[Recognized by  the HEC in Y-category]

2012

24. Fahad Abdullah, Attaullah Shah, and Saifullah Khan (2012). Firm Performance and the Nature of Agency Problems in Insiders-Controlled Firms: Evidence from PakistanPakistan Development Review Vol. 4, No. 51 pp:161-183  [CITE] [Recognized by  the HEC in X-category]

23. Hamid Ullah, Attaullah Shah, Shafiq Ur  Rehman, and Amir Hussain,  (2012) Corporate Ownership, Firm Financing Choices, and Firm Value: Evidence from an Emerging Market, PakistanAsian Journal of Business and Management Sciences, Vol. 2, No.3 , pp. 16-34
22. Attaullah Shah, Saleem Gul, Raza Aziz (2012), Problems Facing the Hayat Abad Industrial Estate and their Implications on Policy Formulation Business and Economic Review,Vol. 2, No. 3, pp.164-174

2011

21.  Attaullah Shah (2011). Impact of Judicial Efficiency on Debt-Maturity Structure: Evidence from Judicial Districts of PakistanPakistan Development Review Vol. 4, No. 50 pp:663-682 [Recognized by  the HEC in X-category]

 
20. Attaullah Shah (2011).The Corporate Cash Holdings: Determinants and Implications African Journal of Business Management, Vol. 5, No. 34, pp. 12939-12950 [Recognized by  the HEC in X-category]
 
19. Attaullah Shah, Akhtar Munir, Safiullah Khan, and Zaheer Abbas, (2011) , “Do Industries Predict the Stock Market due to Slow Diffusion of Information“, African Journal of Business Management, Vol. 5, No. 34, pp. 12958-12965  [Recognized by  the HEC in X-category]
 

18. Amir Saeed, and , Attaullah Shah(2011), “Enhancing Tax Morale with Marketing Tactics: A Review of Literature“, African Journal of Business Management Vol.5, No.35, pp.13559-13565 [Recognized by  the HEC in X-category]
17. Afia Saleem, and , Attaullah Shah (2011) “Self-Efficacy as a Stress-Copying Mechanism Among Teachers: A Critical Review of Literature“, African Journal of Business Management Vol. 5, No. 35, pp. 13435-13441  [Recognized by  the HEC in X-category]
16. Hamidullah, and Attaullah Shah (2011), “A Literature Survey of Value Creation Through Relationship Banking“, African Journal of Business Management Vol. 5, No. 35, pp. 13517-13522 [Recognized by  the HEC in X-category]

15. Shahnawaz.Khan, Saleem Gul , Attaullah Shah, , (2011), ” A Review of Literature on the Role of Trust and Partnering in Success of Construction Project“, African Journal of Business Management Vol. 5, No. 35, pp. 13541-13549 [Recognized by  the HEC in X-category]
14. Maria Razzaghian, and Attaullah Shah, (2011). “Prevalence, Antecedents, and Effects of Workplace Bullying: A Review of Literature“, African Journal of Business Management Vol. 5, No. 35, pp. 13419-13427 [Recognized by  the HEC in X-category]

13. Khurram Khan, and Attaullah Shah, (2011). ”Understanding Performance Measurement Through the Literature” A Review” African Journal of Business Management Vol. 5, No. 35, pp. 13410-13418 [Recognized by  the HEC in X-category]
12. Hamid Ali Shah, and Attaullah Shah, (2011).”The Association Between Financial Development and Economic Development: A Review” African Journal of Business Management Vol.5, No.35, pp. 13428-13434 [Recognized by  the HEC in X-category]

11. Jabeen, Maryam and Shah, Attaullah., (2011).”A Review on Family Ownership and Information Asymmetry” African Journal of Business Management Vol. 5, No. 35, pp. 13550-13558  [Recognized by  the HEC in X-category]

10. Attaullah Shah, Jamil Ur Rehman,  Zaheer Abbas, and Yasir Kamal, (2012), “The Interest Rates-Stock Prices Nexus in Highly Volatile Markets: Evidence from Pakistan“, Journal of Basic and Applied Scientific Research, 2(3):2589-2598 

9. Attaullah Shah, Akhtar Munir, Safiullah Khan, , and Zaheer Abbas, (2011), “Can Large Industries Predict the Stock Market”, World Applied Sciences Journal : Vol.14 No. 3, pp. 443-448 
 
8. Safiullah Khan, Attaullah Shah, Zhaheer  Abbas, (2011) Impact of Single Stock Futures Trading on Stock Price Volatility of Underlying Stocks: Empirical Evidence from Pakistan’s Stock Market,  Journal of Basic and Applied Scientific Research   Vol. 1, No.11, pp. 2000-2008

7. Attaullah Shah, Fahad Abdullah, Tauseef Khan, Safiullah Khan, (2011). “Simplicity Vs Accuracy: The Case of CAPM and Fama and French Model” Australian Journal of Basic and Applied Sciences Vol 5, No. 10, pp. 528-535 

6. Fahad Abdullah, Attaullah Shah, Abdullah Mohammad. Iqbal, Raheel Gohar, . (2011), “Investors’ Power and the Dividend Cost Minimization Model: Which one Better Explains the Dividend Policy in Pakistan?”, African Journal of Business Management  Vol. 5, No.26, pp. 10747-10759.[Recognized by  the HEC in X-category]

5. Subayyal, Muhammad., Attaullah Shah,  (2011), “The Cointegration between Exchange Rates and Stock Prices in Highly Volatile Markets: Evidence from Pakistan“, Middle Eastern Economics and Finance: No. 15, pp. 156-163 [Recognized by  the HEC in Y-category]

4. Fahad Abdullah, Attaullah Shah,  Abdullah Mohammad Iqbal, Raheel Gohar, ., (2011), “The Effect of Group and Family Ownership on Firm Performance: Empirical Evidence from PakistanInternational Review of Business Research Papers, Vol.7  No.4.pp191-208 [Recognized by  the HEC in Y-category]
 

Prior to 2010


3. Attaullah  Shah and Shahid Ali Khan, (2009), “Empirical Investigation of Debt-Maturity Structure: Evidence From Pakistan” , Pakistan Development Review: Vol. 48, No.4,  pp. 565-578 [Recognized by  the HEC in X-category]

2. Attaullah  Shah, & Safiullah Khan, Khan (2007), “Determinants of Capital Structure:  Evidence from  Pakistani Panel Data”, International Review of Business Research Paper: Vol. 3, No.4,  pp. 265-282  [Recognized by  the HEC in X-category]

1. Attaullah 
Shah and Syed Tahir Hijazi, (2004), “The Determinants of Capital Structure of Stock Exchange-Listed Non-Financial Firms in Pakistan”, Pakistan Development Review: Vol. 43, No. 4,  pp. 605-618 [Recognized by  the HEC in X-category]

Statistical Software Components
 
5. astile: A fast and byable alternative for XTILE program of Stata. astile can be used for creating portfolios or percentile groups, for details and download, type ssc install astile from the command line in Stata
4. searchfor: A Stata Program module to search for texts in selected or all string variables, for details and download, type ssc install searchfor from the command line in Stata
3. ascol: A Stata Program for converting Stock Prices and Stock Returns from Daily to Weekly, Monthly, Quarterly, and Yearly Frequencies, for details and download, type ssc install ascol from the command line in Stata
2. asrol: A Stata Program for calculating rolling Window Statistics (2015), For details and download, type ssc install asrol from the command line in Stata
1. asm: A Stata Program for Constructing J-K Overlapping Momentum Portfolios (2014), Read here for more details
 
   

Research Conferences 

15. Conditional Relationship Between Beta And Stock Returns In The Karachi Stock Exchange, Conference Paper: 7th Annual EuroMed Conference September 18-19, 2014 Kristiansand, Norway, September 19, 2014

14. Judicial Efficiency and Capital Structure DecisionsPerspective on Small Business Management and Entrepreneurship: INSPIRE International Conference: Duabi Feb 7-8, 2014.

13. Firm Performance and the Nature of Agency Problems in Insiders-Controlled Firms: Evidence from Pakistan28th Annual General Meeting and Conference of Pakistan Society of Development Economists, Isamabad, November 13-15, 2012 

12. Lead-Lag Relationship and Directional Asymmetry in Stock Returns of Small and Large Portfolios: Evidence from the Karachi Stock Exchange4th South Asian International conference (SAICON-2012) Bhurban, December 05-07, 2012 

11. Free Cash Flow, Ownership Structure & Firm Performance: Evidence from Pakistan4th South Asian International conference (SAICON-2012) Bhurban, December 05-07, 2012

10. Managerial Stock Ownership and the Maturity Structure of Corporate Debt: Empirical Evidence from Pakistan4th South Asian International conference (SAICON-2012) Bhurban, December 05-07, 2012

9. Corporate Ownership Structures and Dividend Announcement Effects: Evidence From PakistanEurasia Business and Economics Society (EBES)-Istanbul, May 24-26, 2012

8. Impact of Judicial Efficiency on Debt-Maturity Structure: Evidence from Judicial Districts of Pakistan, 27th AGM Conference of the PSDE, Islamabad December 13-15, 2011

7. Are Large Industries Informationally Efficient? SIBR Conference, Bangkok Thailand (June 16-18, 2011) 

6. The Relationship between Real Exchange Rate and Interest Rate Differentials, 4th Asia Pacific Business Research Conference  (April 8-10 2011), Kula Lampur Malaysia 

5. The Effect of Family Ownership on Firm Performance: Empirical Evidence from Pakistan14th Annual Business Research Conference (2011), Dubai UAE

4. Corporate Cash Holdings: Determinants and ImplicationsSecond International Conference of AGBA-South Asia Chapter (2010). Islamabad, Pakistan

3. Simplicity Vs Accuracy: The Case of CAPM and Fama and French ModelSecond International Conference of AGBA-South Asia Chapter (December 28-29, 2010). Islamabad, Pakistan

2. The Determinants of Capital Structure of Stock Exchange-Listed Non-Financial Firms in Pakistan, 20th PSDE Annual Conference January 10-12, 2005, Islamabad,  Pakistan

1. The Empirical Investigation of Debt-Maturity Structure: Evidence from Pakistan, 25th PSDE AGM and Conference March 16-18, 2010, Islamabad,  Pakistan. 


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