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All Outputs (41)

Adaptability culture and meeting or beating analysts’ estimates (2024)
Journal Article
Zebian, T., Harris, T., & Abdelsalam, O. (online). Adaptability culture and meeting or beating analysts’ estimates. Review of Quantitative Finance and Accounting, https://doi.org/10.1007/s11156-024-01351-8

This paper investigates the relationship between adaptability culture and the propensity of US publicly listed firms to meet or beat analysts’ expectations. We develop a novel firm- level measure of adaptability culture using textual analysis of 10-K... Read More about Adaptability culture and meeting or beating analysts’ estimates.

The nexus of conventional, religious and ethical indexes during crisis (2024)
Journal Article
Abdelsalam, O., Ahelegbey, D. F., & Yassine, E. (2024). The nexus of conventional, religious and ethical indexes during crisis. Journal of International Financial Markets, Institutions and Money, 95, Article 102027. https://doi.org/10.1016/j.intfin.2024.102027

This study examines the interconnectedness between conventional and ethical indexes. Using a Bayesian graphical vector autoregressive model, we derive the contemporaneous and temporal interdependencies among these stock index returns before and durin... Read More about The nexus of conventional, religious and ethical indexes during crisis.

Trust Matters: A Global Perspective on the Influence of Trust on Bank Market Risk (2024)
Journal Article
Abdelsalam, O., Chantziaras, A., Joseph, N. L., & Tsileponis, N. (2024). Trust Matters: A Global Perspective on the Influence of Trust on Bank Market Risk. Journal of International Financial Markets, Institutions and Money, 92, Article 101959. https://doi.org/10.1016/j.intfin.2024.101959

This paper examines the role of societal and organizational trust in mitigating market risk within the banking sector. Using a global sample of 10,616 bank-year observations across 45 countries, we find that higher trust significantly reduces bank to... Read More about Trust Matters: A Global Perspective on the Influence of Trust on Bank Market Risk.

Do political connections matter for bank efficiency in times of crisis? (2024)
Journal Article
Abdelsalam, O., Mollah, S., El-Masry, A., & Tortosa-Ausina, E. (2025). Do political connections matter for bank efficiency in times of crisis?. International Journal of Finance and Economics, 30(1), 602-625. https://doi.org/10.1002/ijfe.2927

Do political connections affect bank efficiency during crises? This study addresses this question by adopting a two‐stage approach that performs a quantile regression analysis on a unique dataset of listed banks in a region that has witnessed both fi... Read More about Do political connections matter for bank efficiency in times of crisis?.

Bank lending cyclicality and ESG activities: Global evidence (2023)
Journal Article
Abdelsalam, O., Azmi, W., Disli, M., & Kowsalya, V. (2023). Bank lending cyclicality and ESG activities: Global evidence. Finance Research Letters, 58(Part D), Article 104541. https://doi.org/10.1016/j.frl.2023.104541

This paper examines how banks' lending behavior is influenced by their ESG activities. To achieve this objective, we use a global sample of 277 banks for the period 2012–2019. We find that banks that engage in ESGs are less prone to procyclical lendi... Read More about Bank lending cyclicality and ESG activities: Global evidence.

The market uncertainty of ethically compliant equity: An integrated screening approach (2023)
Journal Article
Abu Bakar, N., Abdelsalam, O., Taamouti, A., & Elmasry, A. (2023). The market uncertainty of ethically compliant equity: An integrated screening approach. Journal of International Financial Markets, Institutions and Money, 86, Article 101759. https://doi.org/10.1016/j.intfin.2023.101759

This study investigates the uncertainty of market returns for ethically compliant equity using a comprehensive ethical screening methodology. The analysis also compares the effect of different ethical screening criteria on firm uncertainty. We develo... Read More about The market uncertainty of ethically compliant equity: An integrated screening approach.

Favoring the small and the plenty: Islamic banking for MSMEs (2022)
Journal Article
Disli, M., Aysan, A. F., & Abdelsalam, O. (2023). Favoring the small and the plenty: Islamic banking for MSMEs. Economic Systems, 47(1), Article 101051. https://doi.org/10.1016/j.ecosys.2022.101051

While MSMEs form the backbone of many countries, most of them suffer from limited access to finance. We extend the literature by examining whether Islamic banks, compared to their conventional peers, favor more the MSMEs credit market segment in Turk... Read More about Favoring the small and the plenty: Islamic banking for MSMEs.

The Impact of Religiosity on Earnings Quality: International Evidence from the Banking Sector (2021)
Journal Article
Abdelsalam, O., Chantziaras, A., Omoteso, K., & Ibrahim, M. (2021). The Impact of Religiosity on Earnings Quality: International Evidence from the Banking Sector. The British Accounting Review, 53(6), Article 100957. https://doi.org/10.1016/j.bar.2020.100957

We examine the impact of religiosity on earnings quality, utilising a global sample of 1,283 listed banks headquartered in 39 countries and covering the period 2002–2018. Using instrumental variables two-stage least squares regressions, we demonstrat... Read More about The Impact of Religiosity on Earnings Quality: International Evidence from the Banking Sector.

New Insights into Bank Asset Securitization: The Impact of Religiosity (2021)
Journal Article
Abdelsalam, O., Elnahass, M., Batten, J. A., & Mollah, S. (2021). New Insights into Bank Asset Securitization: The Impact of Religiosity. Journal of Financial Stability, 54, Article 100854. https://doi.org/10.1016/j.jfs.2021.100854

We examine the influence of both organizational and geographical religiosity, as important ethical parameters moderating a bank’s decision to securitize their assets. The study employs a unique database of banks located within countries marked by hig... Read More about New Insights into Bank Asset Securitization: The Impact of Religiosity.

Major Shareholders’ Trust and Market Risk: Substituting Weak Institutions with Trust (2020)
Journal Article
Abdelsalam, O., Chantziaras, A., Batten, J. A., & Aysan, A. F. (2021). Major Shareholders’ Trust and Market Risk: Substituting Weak Institutions with Trust. Journal of Corporate Finance, 66, Article 101784. https://doi.org/10.1016/j.jcorpfin.2020.101784

This study examines the impact of foreign controlling shareholder trust on firm market risk using the two measures of total and idiosyncratic risk. An extensive global sample of 12,496 firm-year observations from 43 countries is employed. The results... Read More about Major Shareholders’ Trust and Market Risk: Substituting Weak Institutions with Trust.

Asset Securitizations and Bank Stability:Evidence from Different Banking Systems (2020)
Journal Article
Abdelsalam, O., Elnahass, M., Ahmed, H., & Williams, J. (2022). Asset Securitizations and Bank Stability:Evidence from Different Banking Systems. Global Finance Journal, 51, Article 100551. https://doi.org/10.1016/j.gfj.2020.100551

The impact of asset securitization on the risk and performance (i.e. financial stability) of banks, both individually and systemically, is the subject of substantial debate by financial regulators and practitioners. This paper is the first to empiric... Read More about Asset Securitizations and Bank Stability:Evidence from Different Banking Systems.

Islamic Finance: Introduction and Implications for Future Research and Practice (2016)
Journal Article
Abdelsalam, O., & El-Komi, M. (2016). Islamic Finance: Introduction and Implications for Future Research and Practice. Journal of Economic Behavior and Organization, 132(Supplement), 1-3. https://doi.org/10.1016/j.jebo.2016.11.004

In our continuous and relentless endeavor to advance research in the field of Islamic finance, we present this supplement, following a highly successful one in 2014 (Abdelsalam and El-Komi 2014). This special issue expands the horizon of research on... Read More about Islamic Finance: Introduction and Implications for Future Research and Practice.

The Impact of Religiosity on Audit Pricing (2015)
Journal Article
Leventis, S., Dedoulis, E., & Abdelsalam, O. (2018). The Impact of Religiosity on Audit Pricing. Journal of Business Ethics, 148(1), 53-78. https://doi.org/10.1007/s10551-015-3001-x

Prior literature has demonstrated that religiosity is associated with a reduced acceptance of unethical business practices and financial reporting irregularities. On this premise, we examine whether religiosity, conceptualized as the degree of adhere... Read More about The Impact of Religiosity on Audit Pricing.

Is Ethical Money Sensitive to Past Returns? The Case of Portfolio Constraints and Persistence in Islamic Funds (2015)
Journal Article
Abdelsalam, O., Duygun, M., Matallín, J., & Tortosa-Ausina, E. (2017). Is Ethical Money Sensitive to Past Returns? The Case of Portfolio Constraints and Persistence in Islamic Funds. Journal of Financial Services Research, 51(3), 363-384. https://doi.org/10.1007/s10693-015-0234-x

In this paper, we analyze the performance persistence and survivorship bias of Islamic funds. The remarkable growth of these types of ethical funds raises the question of how non-financial attributes, including beliefs and value systems, influence pe... Read More about Is Ethical Money Sensitive to Past Returns? The Case of Portfolio Constraints and Persistence in Islamic Funds.