shahid_hamid_200x200Dr. Shahid Hamid

Professor, Ph.D. & CFA

Laboratories: Laboratory for Insurance Financial and Economic Research

Position Titles:
Laboratory for Insurance, Financial & Economic Research, Director

Department / Center: International Hurricane Research Center

Building and Room Number: AHC5-244

University / Organization: Florida International University

Telephone Number: (305) 348-2727

Web site: http://business.fiu.edu/faculty/faculty_experts.cfm?FlagDirectory=Display&User=hamids

Biography

Education:

  • PhD, Economics
    University of Maryland, College Park, Maryland
  • Master of Arts, Economics
    University of Maryland, College Park, Maryland
  • Bachelor, Business Administration
    Kent State University, Kent, Ohio

Areas of Expertise:

  • Asset Valuation Models
  • Banking and Bank Management
  • Catastrophe Loss Modeling
  • Corporate Dividend and Debt Policies
  • International Portfolio Management
  • Portfolio Performance Measurement
  • Stock Option Listing and Backdating
  • Insured Hurricane Property Loss Estimation, AAL and PML

Professional Activities:

Dr. Hamid is Professor of Finance in the College of Business, and Director of the Laboratory for Insurance, Financial and Economic Research located in the International Hurricane Research Center at Florida International University. Professor Hamid also served as director of the Master of Science in Finance program for over a dozen years. He has conducted research on a wide variety of topics including hurricane loss modeling, vulnerability functions, cost benefit of mitigation, homeowner insurance, international stock markets, corporate financial policies, commercial banking, interest rate risk, derivatives, financial crisis, portfolio performance, central bank policy, technological change, free trade agreements, and accounting restatements. His recent research work has focused on the insurance and economic consequences of hurricanes.  He has produced over 180 refereed academic journal papers, proceedings, book chapters, conference presentations, and technical reports. Dr. Hamid’s research has been published in such journals as the Journal of Banking and Finance, Journal of Regional Science, Journal of Business Finance and Accounting, European Journal of Finance, Decision Sciences, International Trade Journal, Applied Economics, Quarterly Journal of Business and Economics, International Journal of Finance, Journal of Structural Engineering, Software Practice and Experience, Journal of Wind Engineering and Industrial Aerodynamics, IEEE proceedings, Natural Hazard Review and others. He has also presented his research at numerous meetings including those of the Financial Management Association, American Economic Association, American Risk and Insurance Association, European Finance Association, Multinational Finance Society and many more.

Dr. Hamid has received over $13 million in research grants. As the Principal Investigator and project manager for over a decade he assembled and led a multi-disciplinary team of over two dozen current and past professors and experts and about seventy students in finance and economics, engineering, meteorology, computer science, actuary, geoscience, statistics from FIU, UF, FSU, UM, FIT, Notre Dame, NOAA, NIST etc., in the project to develop, upgrade, and operate the Florida Public Hurricane Loss Model. The model has been used extensively by the state of Florida and by insurance firms. He is also director of an entrepreneurial venture for FIU that provides hurricane loss modeling service to client companies in the private sector.

Professor Hamid has conducted seminars for executives, served as occasional consultant in the financial industry, and participated and testified in legislative and public hearings, and served as reviewer for many journals and conferences. He has been interviewed frequently on professional topics by the print and TV news media. Previously, he was appointed to the Florida Commission on Hurricane Loss Projection Methodology, and also served as technical advisor to the Academic Task force on Hurricane Catastrophe Insurance. He has been member of about 19 university and college committees and is a leader in the faculty governance of curriculum having served as chair of university curriculum committee, chair of COB graduate curriculum committee, chair of COB research committee, member of university faculty senate, and member of the university graduate council. Dr. Hamid has taught over a dozen different bachelor, masters, and doctoral courses, and created and administered as director the tuition plus one year Master of Science in Finance program.  He has received 14 teaching awards and 5 research awards and 2 awards for service, including the FIU outstanding research and outstanding teaching as well as the top scholar awards.

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