Dr. Mahmoud Araissi


Mahmoud Araissi is an assistant professor of finance. He holds a PhD in Economics from Indiana University and he has a mixed background in both economics and social sciences with an emphasis in finance with a BA from the American University of Beirut and an MA from University of Chicago. 

Teaching Interests

  • Money and Banking
  • Security Analysis
  • Financial Management
  • Financial Institutions
  • Insurance
  • Corporate Finance

Research Interests

  • Finance-Growth Nexus
  • International Financial Risk Management
  • Banking Regulation
  • Globalization & Investment Opportunities
  • Corporate Governance

Executive Training

Araissi offered numerous seminars and workshops including Islamic finance and investing, working capital management, measuring the Value of life, measuring the value of corporate reputation, globalization and investment opportunities, as well as banking profitability and financial ratio analysis.

Consulting Activities

Consultant for U.N., Economic and Social Commission  for Western Asia, Beirut from Nov. 2003- May, 2004.   Research contributed to the Survey of Economic and Social Developments in the ESCWA Region 2003-2004 and to the Executive Summary of the same survey.

Retained consultant for International Monetary Fund, Washington DC from May, 1990 - Dec., 1990.

Selected Publications

Arayssi, M. and Jizi, M. (2018). ‘Does Corporate Governance Spillover Firm Performance? A study of valuation of MENA companies’, Social Responsibility Journal, forthcoming.

Arayssi, M., Fakih, A. and Kassem, M. (2018). ‘Government and Financial Institutional Determinants of Development in MENA Countries’, Emerging Markets, Finance and Trade, forthcoming. https://www.tandfonline.com/eprint/uMn444x9VGEp3EEXgKGv/full

Arayssi, M. and A. Fakih. (2017). Finance-Growth Nexus in a Changing Political Region: How Important was the Arab Spring?, Economic Analysis and Policy, 55 : 106-123. http://dx.doi.org/10.1016/j.eap.2017.05.001

Arayssi, M. and A. Fakih. (2017). The Finance-Growth Nexus, Again: New Evidence from Kenya, Economic Issues, 22(2): 33-59.

Arayssi, M., Dah, M., and Jizi, M. (2016). Women on boards, sustainability reporting and firm performance, Sustainability Accounting, Management and Policy Journal, 7(3) : 376-401 . http://dx.doi.org/10.1108/SAMPJ-07-2015-0055

Arayssi, M. (2015). The Effect of Private Investments on Banks’ Capital Requirements, The European Journal of Finance, 22(15): 1580-1595http://dx.doi.org/10.1080/1351847X.2015.1049283

Arayssi, M. (2015). Transparent Rules for Deposing Central Bankers. International Review of Economics and Finance, 38, 1-17. 

Arayssi, M. & Fakih, A. (2015). Institutions and Development in MENA Region: Evidence from the Manufacturing Sector. International Journal of Social Economics, 42(8), 717 - 732. http://dx.doi.org/10.1108/IJSE-07-2014-0136

Arayssi, M. & Yassin, N. (2014). Short-Term Financing of Economic Order Quantity Inventory Model with Probabilistic Quality. Journal of Modern Accounting and Auditing10(7), 793-802. 

Arayssi, M. (2014). Price Drivers and Investment Strategies in Gold. The Business Review Cambridge, 22(1), 87-92.

Arayssi, M. (2012). Investing in Gold: What to Expect? Available at SSRN: http://ssrn.com/abstract=2122399 

Arayssi, M. (2012). Nominal Income and Inflation Targeting. The Business Review Cambridge, 20(2), 143-148. 

ElFakhani, S., Arayssi, M., & Smahta, H. (2008). Globalization and Investment Opportunities: a co-integration of Arab, US and Emerging Stock  MarketsFinancial Review, 43(4), 591-611.

Khoury, S. & Arayssi, M. (2008). The Value of Life: A Labor-Based Theory. Journal of Business Valuation and Economic Loss Analysis,3(1).  

Arayssi, M., Khoury, S. & Uwayda, R. (2006). The Value of Life: A New Labor-theory Based ModelJournal of Business Valuation and Economic Loss Analysis,1(1).