Jamshed Iqbal

Jamshed Iqbal

Senior Lecturer
Unit
School of Business and Economics
Mobile
+358504733233
Fields of science
512 Business and Management
511 Economics

Biography

Jamshed Iqbal is Senior Lecturer at the Jyväskylä University School of Business and Economics, University of Jyväskylä. His research sits at the intersection of corporate governance, executive compensation, and sustainability accounting, with a particular focus on how incentive structures and management control systems shape risk-taking, climate-related outcomes, and corporate decarbonisation in financial institutions and listed firms. Recent and forthcoming work examines sustainability control tightness and corporate decarbonisation, CEO inside debt and climate risk, ESG-linked executive pay and CSR governance, the role of Chief Sustainability Officers in opportunistic corporate behaviour, and the governance of bank insolvency and systemic risk. His publications appear in the Journal of International Money and Finance, Review of Quantitative Finance and Accounting, International Review of Economics and Finance, Business Strategy and the Environment, Journal of Contemporary Accounting and Economics, and North American Journal of Economics and Finance. He has secured over EUR 200,000 in competitive research funding from the Finnish Cultural Foundation, the Marcus Wallenberg Foundation, the Foundation for Economic Education, the Savings Banks Research Foundation, and the Jenny and Antti Wihuri Foundation. He has held visiting positions at the University of Groningen, the University of Wollongong, and the University of Queensland, and will visit Curtin University and Stanford University in 2026.

Peer-Reviewed Articles

Iqbal, J., Pellinen, J., & Riaz, M. (2026) “CEO Compensation and the ESG Activities of Compensation Peers”, Business Strategy and the Environment, Forthcoming

Iqbal, A., Iqbal, J., & Ojala A. (2026) “Foreign Divestment and the Insolvency Risk: Evidence from Nordic Firms”, Multinational Business Review, Forthcoming.

Ali, S., Iqbal, J., Malik, I., & Rahman, R. (2024) “Does managerial pay disparity influence BHC default risk?”, International Review of Economics and Finance, Vol. 92.

Ali, S., Iqbal, J., Malik, I., & Rahman, R. (2021) “Does co-opted board increase insider profitability?” Journal of Contemporary Accounting and Economics, Vol. 17(3).

Addo, K.A.., Hussain, N., & Iqbal, J. (2021) “Corporate Governance and Systemic Risk: A Test of Bundling Hypothesis”, the Journal of International Money and Finance, Vol. 115.

Ali, S., Hussain, N., & Iqbal, J. (2021) “Corporate Governance and the Insolvency Risk of Financial Institutions”, the North American Journal of Economics and Finance, Vol. 55.

Iqbal, J., & Vähämaa, S. (2019) “Managerial Risk-Taking Incentives and the Systemic Risk of Financial Institutions”, Review of Quantitative Finance and Accounting, Vol. 53.

Iqbal, J., Strobl, S., & Vähämaa, S. (2015). “Corporate governance and the systemic risk of financial institutions”, Journal of Economics and Business, Vol. 82, 42–61.

Research interests

Executive compensation and CEO inside debt · Sustainability control systems and corporate decarbonisation · ESG-linked executive pay and CSR committee oversight · Bank risk-taking, insolvency, and systemic risk · Corporate governance and disclosure quality · Empirical methods in corporate finance and sustainability accounting.

Publications