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Dr Muhammad Munir Ahmad


Ph.D. Management Sciences (Finance) (2021)  from University Institute of Management Sciences PMAS-ARID Agriculture University Rawalpindi, Pakistan

MS. Management Sciences (Finance) (2014) SZABIST, Islamabad Pakistan

M.Sc. Accounting & Finance (2006)  Bahauddin Zakariya University, Multan Pakistan

Bachelor of Commerce (2004) Bahauddin Zakariya University, Multan Pakistan

Diploma in Commerce (2002) Punjab Technical Board Lahore, Pakistan

S.S.C (2000)  BISE Multan, Pakistan


Lecturer (BPS-18) August 2016 to till date. Department of Commerce, Allama Iqbal Open University Islamabad Pakistan

Research Associate (BPS-17) June 2012 to August 2016 Department of Commerce, AIOU, Islamabad

Lecturer Aug 2009-May 2012 SKANS School of Accountancy

Lecturer + HOD Nov 2006-Feb 2009 Army Public Degree College Multan, Cant.

Lecturer (Adjunct) Sep 2006-May 2007 Govt. College of Commerce Multan, Cant.

Accountant July 2004-Oct 2004 Multan Woolen Company Industrial Estate Multan


  1. Ahmad MM, Hunjra AI, Islam F. (2021) Does asymmetric information affect firm’s financing decisions? International Journal of Emerging Markets.
  2. Ahmad MM, Hunjra AI, Taskin D. (2021) Do asymmetric information and leverage affect investment decision?, Quarterly Review of Economics and Finance. Impact Factor:
  3. Junaid Z, Quddoos, M.U., Ahmad M, Ahmad MM (2021). “Protean Career Orientation and Subjective Career Success: A Cross-Cultural Perspective” Journal of Management Sciences
  4. Waseemullah, Mehmood, H., Amin M.S., Ahmad MM, Ali N. (2021). “Investigating the relationship between corporate governance index and family firms’ performance in Pakistan”. Elementary Education Online. Vol 20 (2), 1225-1232.
  5. Ahmad MM, Hunjra AI, Qureshi SA, Hanif M, (2021) Impact of Asymmetric Information on Capital Structure Decisions of Agriculture-Allied and Non-Financial Firms, Pakistan Journal of Social Sciences (PJSS) 41 (1), 01-12
  6. Ahmad MM, Qureshi SA, M Bilal, AM Rana, (2021) Dynamic Measuring the Impacts of Financial Fragility on the Performance of Non-Financial Firms Listed at the Pakistan Stock Exchange, International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies
  7. Ahmad MM, Hunjra AI, Quddoos MU, (2020) Development of Asymmetric Information Index Using Principal Component Method, Journal of Social Sciences and Humanities: Volume 28, Number 2
  8. Abbas. M., Qureshi. S., & Ahmad. M.M., Rizwan. M., (2018) Corporate Governance and Dividend Payout Policy: Mediating Role of Leverage, Pakistan Journal of Social Sciences
  9. Haris-Ul-Mahasbi. M., Chandia. K. I., Ahmad. M.M., (2017) An Analysis of Project Risk and its Determinants; the Case of Software Houses in Islamabad/Rawalpindi, Journal of Contemporary Management Sciences
  10. Ahmad. M.M., Shah. S.M., (2015) Stock prices and current Account Nexus, Journal of Contemporary Management Sciences, Vol (1) spring 2015

Books (AIOU) 

  • Managerial Accounting- BS/M.Com
  • Financial Accounting – BS/ADC
  • Business Accounting-I.Com
  • Basics of Accounting- I.Com
  • Cost Accounting-BS/ADC
  • Advanced Financial Accounting – BS/M.Com
  • Advanced Auditing – BS/M.Com

Project, Research Interests

Capital Structure

Asymmetric Information

Corporate Governance

Investment and Financing Decisions

Financial Fragility

Ownership Structure

Stock Market



The Allama Iqbal Open University was established in May, 1974, with the main objectives of providing educational opportunities to masses and to those who cannot leave their homes and jobs. During all these past years, the University has more than fulfilled this promise.