Dr. Ihtisham Abdul Malik is an Assistant Professor in Finance at Ajman University. Previously, he was a Senior Lecturer in Finance at The University of Queensland (UQ), where he also served as the Academic Director for a joint public sector finance program with Queensland Treasury Corporation. He holds a PhD in Finance from UQ and has over a decade of teaching experience across institutions within and outside Australia. His research, published in leading journals, focuses on climate finance, financial markets, and corporate governance, with some of his work cited by media outlets. He has received multiple awards for teaching excellence, innovation, and research, including the UQ Excellence in Teaching & Learning Award and the Best PhD Paper Award at the FIRN Doctoral Symposium. Through his industry collaborations and executive education initiatives, he bridges academic knowledge with practical applications, enhancing learning experiences for students and professionals alike.
This study examines whether and to what extent insiders exploit their informational advantage, surrounding extreme weather events. Adopting the US as our context, we find that public and private related tropical-storm information provides insiders with profitable buying opportunities, notably higher in the pre-landfall period and for executives. Our results suggest that insiders not only process meteorological forecasts more efficiently, but they also have superior private information advantages when compared to general investors who are inclined to negatively overreact to weather disasters.