Recent Submissions

  • Do financial distress and liquidity crises affect value and size premiums? 

    Elgammal, Mohammed M.; Bas, Tugba; Gough, Orla; Shah, Neeta; Dellen, Stefan van ( Routledge , 2016 , Article)
    This study investigates the impact of liquidity crises on the relationship between stock (value and size) premiums and default risk in the US market. It first examines whether financial distress can explain value and size ...
  • Do oil producing countries offer international diversification benefits? Evidence from GCC countries 

    Mimouni, Karim; Charfeddine, Lanouar; Al-Azzam, Moh'd ( Elsevier , 2016 , Article)
    This paper provides evidence of the existence of diversification benefits in international stock markets when oil producing countries are included in a global portfolio. Moreover, it examines whether recent oil shocks and ...
  • The simultaneous estimation of credit growth, valuation, and stability of the Gulf Cooperation Council banking industry 

    Al-Khouri, Ritab; Arouri, Houda ( Elsevier , 2016 , Article)
    We use a simultaneous equations model to study the relationship between bank stability, performance and credit growth for 59 GCC banks over the period 2004-2012. To derive our results, we use a dynamic panel estimation ...
  • Impact of terrorist attacks on stock market volatility in emerging markets 

    Mnasri, Ayman; Nechi, Salem ( Elsevier B.V. , 2016 , Article)
    We use an event study methodology alongside an improved bootstrapping test to evaluate the impact of terrorist attacks on the volatility of stock markets in 12 MENA countries, and test for regional financial integration. ...
  • Is exchange rate risk priced in microfinance? 

    Al-Azzam, Moh'd; Mimouni, Karim ( Elsevier Ltd , 2016 , Article)
    High microcredit interest rates have often been a source of criticism against the microfinance movement. Research has focused attention on the cost structure of interest rates and more recently on the macroeconomic and ...
  • Economic development in the middle east and North Africa: Challenges and prospects 

    Ben Ali, Mohamed Sami ( Palgrave Macmillan , 2016 , Book)
    Using cases on individual countries, Economic Development in the Middle East and North Africa offers diverse theoretical and empirical evidence on a variety of issues facing policymakers, investors, and other stakeholders ...
  • Testing the risk-return tradeoff in the emerging market of Jordan: What role for financial crises? 

    Al Refai, Hisham; Eissa, Mohamed Abdelaziz ( Inderscience Publishers , 2016 , Article)
    This study investigates the risk-return relationship at sector level in the emerging market of Jordan (ASE) over the period 1999-2014. The results of an unconditional test with a structural breakpoint show that the ...
  • Dynamic risk spillovers and portfolio risk management between precious metals and global foreign exchange markets 

    Walid, Mensi; Hammoudeh, Shawkat; Rehman, Mobeen Ur; Al-Maadid, Alanoud Ali S.; Hoon Kang, Sang ( Elsevier , 2020 , Article)
    This study examines portfolio management and risk spillovers between four major precious metals (gold, silver, palladium and platinum) and 20 important U.S. exchange markets. To this end, we employ the multivariate DECO-GARCH ...
  • The impact of business and political news on the GCC stock markets 

    Al-Maadid, Alanoud; MariaCaporale, Guglielmo; Spagnolo, Fabio; Spagnolobc, Nicola ( Elsevier , 2020 , Article)
    This paper investigates the impact of business and political news on stock market returns in the Gulf Cooperation Council (GCC) countries. For this purpose, it employs a Markov switching model including a separate index ...
  • Stock Prices and Crude Oil Shocks: The Case of GCC Countries 

    Al-Maadid, A.; Spagnolo, F.; Spagnolo, N. ( Elsevier , 2016 , Article)
    The aim of this chapter is to identify the effects of oil price volatility on stock market volatility for eight oil exporter or importer countries. Using weekly data for the 2004-15 period, we model the relationship between ...
  • Does Official development assistance for health from developed countries displace government health expenditure in sub-saharan countries? 

    Barkat, Karim; Mrabet, Zouhair; Alsamara, Mouyad ( Economics Bulletin , 2016 , Article)
    This paper empirically examines the foreign aid fungibility in the health sector of 45 Sub-Saharan countries over the period of 1995-2012. The aim of the study is to investigate the effect of foreign health aid on government ...
  • The new face of university-business cooperation in Finland 

    Ranga, Marina; Peralampi, Juha; Kansikas, Juha ( Oxford University Press , 2016 , Article)
    This paper analyses the development of university-business cooperation (UBC) in Finland in the context of the University Reform Act of 2009, drawing on the experience of four universities: Aalto University, University of ...
  • Exploring digitally enabled service transformation in the public sector: Would institutional and structuration theory concepts keep the research talking ? 

    Omar, Amizan; El-Haddadeh, Ramzi; Weerakkody , Vishanth ( IGI Global , 2016 , Article)
    Digitally Enabled Service Transformation (DEST) in the Public Sector (PS) offers a unique opportunity for public administration (PA) and information systems (IS) disciplines to interlace. Albeit complicating the deployment ...
  • Workers Remittances and Economic Development: Which Role for Education? 

    Maïga, Eugenie W. H.; Baliamoune-Lutz, Mina; Ben Ali, Mohamed Sami ( Palgrave Macmillan , 2016 , Book chapter)
    In the past decades, international remittance inflows have significantly increased in developing nations. Their importance is being acknowledged due to their scale and growth, which makes them stand out on an aggregate and ...
  • Trade Diversification and Intra-Regional Trade in North Africa 

    Verdier-Chouchane, Audrey; Ben Ali, Mohamed Sami; Karagueuzian, Charlotte ( Palgrave Macmillan , 2016 , Book chapter)
    Examination of the growth phases in developed and in developing countries and their involvement in international trade shows the importance of trade policies in these countries. In recent decades, many developing countries ...
  • The Finance-Growth Nexus: Which Factors Can Interfere? 

    Ben Ali, Mohamed Sami; Samargandi, Nahla; Sohag, Kazi ( Palgrave Macmillan , 2016 , Book chapter)
    The financial sector's role in economic growth is heavily contested by economists. Some argue that economic growth is not caused by finance, but that it responds to changing demands, while others argue the positive effect ...
  • Corruption and Economic Development 

    Ben Ali, Mohamed Sami; Saha, Shrabani ( Palgrave Macmillan , 2016 , Book chapter)
    Corruption is believed to be widespread and it adversely affects countries at different intervals, in different degrees. Corruption scandals show that bribes are commonplace and that even societies that are supposedly free ...
  • The Inflation-Central Bank Independence Nexus: Where Do MENA Countries Stand? 

    Ben Ali, Mohamed Sami; Farvaque, Etienne; Hayat, Muhammad Azmat ( Palgrave Macmillan , 2016 , Book chapter)
    Inflation and its dynamics have been always capturing the attention of economic scholars and policymakers worldwide. Numerous theories in economic literature tried to define the concept of inflation by suggesting different ...
  • The Role of Institutions in Economic Development 

    Ben Ali, Mohamed Sami; Krammer, Sorin M. S. ( Palgrave Macmillan , 2016 , Book chapter)
    Despite the global liberalization of trade, financial and technological flows, there still are tremendous disparities in terms of income per capita and growth rates across countries (Hall and Jones, 1999). Among the plethora ...
  • FDI in the Middle Eastern and North African Countries 

    Anyanwu, John C.; Yaméogo, Nadège Désirée; Ben Ali, Mohamed Sami ( Palgrave Macmillan , 2016 , Book chapter)
    Foreign direct investment (FDI), which may be flow or stock, represents the investment of foreign assets into domestic structures, equipment, and organizations. The parent multinational corporations (MNCs) may use vertical, ...

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