Dr. Rim El Khoury

Associate Professor and the Assistant Dean at the Adnan Kassar School of Business

rim.elkhoury01@lau.edu.lb

Ext. 3765
Frem Civic Center 409
LAU Byblos

View CV

Dr. Rim El Khoury is an associate professor of finance at the Adnan Kassar School of Business at the Lebanese American University. She also serves as associate editor of the Journal of Financial Reporting and Accounting.

She earned her PhD in international finance from Sogang University in South Korea. Before joining LAU, she taught at Hanyang University (South Korea) and the American University of Technology. She also held academic leadership roles at Notre Dame University–Lebanon as finance discipline coordinator and chair of assurance of learning.

Dr. El Khoury has received several honors, including the Outstanding Doctoral Thesis Award (2009), Grand Winner of The Korea Times Magazine Economic Contest (2007), and the Korean Government Academic Excellence Award (2006).

She has guest-edited special issues for journals such as Strategic Marketing, Higher Education, Skills and Work-Based Learning, and Development and Learning in Organizations. She is a reviewer for journals including the International Journal of Emerging Markets, the Journal of Applied Accounting Research, and Financial Innovation.

Her research has been published in journals such as the Journal of International Financial Markets, Institutions & Money, Borsa Istanbul Review, and Small Business Economics.

Teaching Interests

• Corporate Finance
• Managerial Finance
• Investment Analysis
• Derivatives

Research Interests

• ESG and Corporate Governance
• Connectedness and Spillovers
• Green Finance
• Asset Pricing and Volatility Modeling
• Portfolio and Risk Management

Selected Publications 

• El Khoury, R., Min Du, A., Nasrallah, N., Marashdeh, H., & Atayah, O.F. (2025). Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation. Research in International Business and Finance. https://doi.org/10.1016/j.ribaf.2024.102557
• El Khoury, R., Mensi, W., Alshater, M.M., & Kang, S. (2025). Extreme risk spillovers and hedging strategies between Indonesia sectorial stocks and commodity markets. International Journal of Emerging Markets. https://doi.org/10.1108/IJOEM-11-2022-1721
• Nasrallah, N., El Khoury, R., Atayah, O.F., Marashdeh, H., & Najaf, K. (2025). The impact of carbon awareness, country-governance, and innovation on the cost of equity: Evidence from oil and gas firms. Research in International Business and Finance. https://doi.org/10.1016/j.ribaf.2024.102640
• Hanif, W., El Khoury, R., & Gubareva, M. (2025). How Do GCC Countries Stocks Interact With US and European Debt Markets?. International Journal of Finance and Economics. https://doi.org/10.1002/ijfe.3129
• Hanif, W., El Khoury, R., Arfaoui, N., & Hammoudeh, S. (2025). Are interconnectedness and spillover alike across green sectors during the COVID-19 and the Russia–Ukraine conflict?. Energy Economics. https://doi.org/10.1016/j.eneco.2025.108293
• Joshipura, M., El Khoury, R., & Alshater, M.M. (2025). ICOs conceptual unveiled: scholarly review of an entrepreneurial finance innovation. Financial Innovation. https://doi.org/10.1186/s40854-024-00721-4
• Mensi, W., Khoury, R.E., & Kang, S.H. (2025). Dynamic connectedness between oil shocks and BRICS stock markets. Finance Research Letters. https://doi.org/10.1016/j.frl.2025.107601
• El Khoury, R., Alshater, M.M., & Polat, O. (2025). Japanese stock market sectoral dynamics: A time and frequency analysis. International Journal of Finance and Economics. https://doi.org/10.1002/ijfe.2965
• Hanif W.; El Khoury R.; Gubareva M.; Teplova T. (2025). Asymmetric connectedness among regional green economies, carbon markets, and oil shocks. International Review of Economics and Finance. https://doi.org/10.1016/j.iref.2025.104416
• Ozcelebi O.; El Khoury R.; Gopinathan R.; Yoon S.-M. (2025). Effects of domestic and foreign financial stress on stock returns in Asia-Pacific countries. Global Finance Journal. https://doi.org/10.1016/j.gfj.2025.101178
• Hanif, W., El Khoury, R., & Hadhri, S. (2025). Is connectedness between commodity volatility indices and G-7 stock market returns the same across return quantiles?. Journal of Multinational Financial Management. https://doi.org/10.1016/j.mulfin.2025.100921
• Hanif, W., Hadhri, S., & El Khoury, R. (2024). Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers. Journal of Commodity Markets. https://doi.org/10.1016/j.jcomm.2024.100404
• Alshater, M.M., Polat, O., El Khoury, R., & Yoon, S.-M. (2024). Dynamic connectedness among regional FinTech indices in times of turbulences. Applied Economics Letters. https://doi.org/10.1080/13504851.2022.2141443
• Marashdeh, H., Mertzanis, C., Khoury, R.E., Atayah, O., & Dhiaf, M. (2024). The impact of digital services through ICT on business creation around the world. Journal of Strategic Marketing. https://doi.org/10.1080/0965254X.2023.2216699
• El Khoury, R., Alshater, M.M., Li, Y., & Xiong, X. (2024). Quantile time-frequency connectedness among G7 stock markets and clean energy markets. Quarterly Review of Economics and Finance. https://doi.org/10.1016/j.qref.2023.11.004
• Tian, M., Khoury, R.E., Nasrallah, N., & Alshater, M.M. (2024). Assessing systemic risk spillovers from FinTech to China’s financial system. European Journal of Finance. https://doi.org/10.1080/1351847X.2023.2244008
• Jiang, Z., El Khoury, R., Alshater, M.M., & Yoon, S.-M. (2024). Impact of global macroeconomic factors on spillovers among Australian sector markets: Fresh findings from a wavelet-based analysis. Australian Economic Papers. https://doi.org/10.1111/1467-8454.12299
• Montero, J.-M., Naimy, V., Farraj, N.A., & El Khoury, R. (2024). Natural disasters, stock price volatility in the property-liability insurance market and sustainability: An unexplored link. Socio-Economic Planning Sciences. https://doi.org/10.1016/j.seps.2023.101791
• Ozcelebi, O., El Khoury, R., & Yoon, S.-M. (2024). Interplay between renewable energy and fossil fuel markets: Fresh evidence from quantile-on-quantile and wavelet quantile approaches. Energy Economics. https://doi.org/10.1016/j.eneco.2024.108012
• Alshater, M.M., Hanif, W., El Khoury, R., & Mensi, W. (2024). Interplay of crises: Unpacking intraday spillovers in oil and European equities in the shadow of the COVID-19 and the Ukraine-Russia war. Borsa Istanbul Review. https://doi.org/10.1016/j.bir.2024.04.007
• Hanif, W., Khoury, R.E., & Kang, S.H. (2024). Intraday quantile coherence between oil and European sectors during the Russia-Ukraine war. Applied Economics Letters. https://doi.org/10.1080/13504851.2024.2402944
• El Khoury, R., Alshater, M.M., & Joshipura, M. (2024). RegTech advancements-a comprehensive review of its evolution, challenges, and implications for financial regulation and compliance*. Journal of Financial Reporting and Accounting. https://doi.org/10.1108/JFRA-05-2024-0286
• Mensi, W., El Khoury, R., Al-Kharusi, S., & Kang, S.H. (2024). Extreme dynamic connectedness and hedging strategy across commodity, bond, currency, and stock markets: Evidence from Asian Pacific, Canada, Mexico, and US countries. International Review of Economics and Finance. https://doi.org/10.1016/j.iref.2024.103533
• El Khoury, R., Nasrallah, N., Marashdeh, H., Atayah, O.F., & Mathiyazhagan, K. (2024). The nexus of Green finance and renewable energy on CO2 emissions. Business Strategy and the Environment. https://doi.org/10.1002/bse.3914
• Alshater, M.M., El Khoury, R., & Almansour, B. (2024). Navigating uncertainty: a study of the S&P GCC composite index’s connectedness during times of crises. Journal of Islamic Accounting and Business Research. https://doi.org/10.1108/JIABR-01-2023-0024
• Alomari, M., Khoury, R.E., Mensi, W., Vo, X.V., & Kang, S.H. (2024). Extreme downside risk connectedness between green energy and stock markets. Energy.https://doi.org/10.1016/j.energy.2024.133477
• Alqaralleh, H., El Khoury, R., & Alshater, M.M. (2024). Tail-risk spillovers and interconnectedness in international logistics markets: a QVAR approach. Cogent Economics and Finance. https://doi.org/10.1080/23322039.2024.2411558
• Khoury, R.E., Alshater, M.M., & Alqaralleh, H. (2024). EXCHANGE RATES AND STOCK MARKET DYNAMICS: ISLAMIC VERSUS CONVENTIONAL FINANCIAL SYSTEMS. Journal of Islamic Monetary Economics and Finance. https://doi.org/10.21098/jimf.v10i3.2096
• Alshater M.; Nasrallah N.; Khoury R.; Joshipura M. (2024). Deciphering the world of NFTs: a scholarly review of trends, challenges, and opportunities. Electronic Commerce Research. https://doi.org/10.1007/s10660-024-09881-y
• El Khoury, R., Nasrallah, N., Hussainey, K., & Assaf, R. (2023). Spillover analysis across FinTech, ESG, and renewable energy indices before and during the Russia–Ukraine war: International evidence. Journal of International Financial Management and Accounting. https://doi.org/10.1111/jifm.12179
• Mensi, W., El Khoury, R., Ali, S.R.M., Vo, X.V., & Kang, S.H. (2023). Quantile dependencies and connectedness between the gold and cryptocurrency markets: Effects of the COVID-19 crisis. Research in International Business and Finance. https://doi.org/10.1016/j.ribaf.2023.101929
• Tian, M., El Khoury, R., & Alshater, M.M. (2023). The nonlinear and negative tail dependence and risk spillovers between foreign exchange and stock markets in emerging economies. Journal of International Financial Markets, Institutions and Money. https://doi.org/10.1016/j.intfin.2022.101712
• Alshater, M.M., Joshipura, M., Khoury, R.E., & Nasrallah, N. (2023). Initial Coin Offerings: a Hybrid Empirical Review. Small Business Economics. https://doi.org/10.1007/s11187-022-00726-2
• Alshater, M.M., Alqaralleh, H., & El Khoury, R. (2023). Dynamic asymmetric connectedness in technological sectors. Journal of Economic Asymmetries. https://doi.org/10.1016/j.jeca.2022.e00287
• Polat, O., Khoury, R.E., Alshater, M.M., & Yoon, S.-M. (2023). Media coverage of COVID-19 and its relationship with climate change indices: A dynamic connectedness analysis of four pandemic waves. Journal of Climate Finance. https://doi.org/10.1016/j.jclimf.2023.100010
• El Khoury, R., Alshater, M.M., & Li, Y. (2023). Multidimensional connectedness among the fourth industrial revolution assets. Borsa Istanbul Review. https://doi.org/10.1016/j.bir.2023.04.002
• G. Harb, E., Nasrallah, N., El Khoury, R., & Hussainey, K. (2023). Applying Benford’s law to detect accounting data manipulation in the pre- and post-financial engineering periods. Journal of Applied Accounting Research. https://doi.org/10.1108/JAAR-05-2022-0097
• Naimy, V., El Khoury, R., Montero, J.-M., & Souk, J. (2023). Post-Brexit exchange rate volatility and its impact on UK exports to eurozone countries: A bounds testing approach. Oeconomia Copernicana. https://doi.org/10.24136/oc.2023.004