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The Nexus of Conventional, Religious and Ethical Indexes During Crisis (2024)
Journal Article
Abdelsalam, O., Felix Ahelegbey, D., & Essanaani, Y. (in press). The Nexus of Conventional, Religious and Ethical Indexes During Crisis. Journal of International Financial Markets, Institutions and Money,

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. (2024). Do political connections matter for bank efficiency in times of crisis?. International Journal of Finance and Economics, 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.

Loan loss provisions, bank valuations and discretion: A comparative study between conventional and Islamic banks. (2014)
Journal Article
Elnahass, M., Izzeldin, M., & Abdelsalam, O. (2014). Loan loss provisions, bank valuations and discretion: A comparative study between conventional and Islamic banks. Journal of Economic Behavior and Organization, 103(Supplement), S160-S173. https://doi.org/10.1016/j.jebo.2013.08.018

This study investigates the use of reported loan loss provisions (LLP) by investors in their valuations of banks within the Middle East and North Africa region between the years 2006 and 2011. We decompose LLP into discretionary and non-discretionary... Read More about Loan loss provisions, bank valuations and discretion: A comparative study between conventional and Islamic banks..

Ethical Reporting in Islami Bank Bangladesh Limited (1983–2010) (2014)
Journal Article
Belal, A., Abdelsalam, O., & Nizamee, S. (2015). Ethical Reporting in Islami Bank Bangladesh Limited (1983–2010). Journal of Business Ethics, 129(4), 769-784. https://doi.org/10.1007/s10551-014-2133-8

The main aim of this study is to undertake a critical examination of the ethical and developmental performance of an Islamic bank as communicated in its annual reports over a period of 28 years (1983–2010). Islami Bank Bangladesh Limited’s (IBBL here... Read More about Ethical Reporting in Islami Bank Bangladesh Limited (1983–2010).

The impact of religious social norms on audit pricing. (2013)
Presentation / Conference
Abdelsalam, O., Leventis, S., & Dedoulis, E. (2013, December). The impact of religious social norms on audit pricing. Paper presented at Financial Reporting Conference., University of Bristol

Do ethics imply persistence? The case of Islamic and socially responsible funds (2013)
Journal Article
Abdelsalam, O., Duygun, D., Matallín-Sáez, J., & Tortosa-Ausina, E. (2014). Do ethics imply persistence? The case of Islamic and socially responsible funds. Journal of Banking and Finance, 40, 182-194. https://doi.org/10.1016/j.jbankfin.2013.11.027

We analyze the performance persistence of Islamic and Socially Responsible Investment (SRI) mutual funds. We adopt a multi-stage strategy in which, in the first stage, partial frontiers’ approaches are considered to measure the performance of the dif... Read More about Do ethics imply persistence? The case of Islamic and socially responsible funds.

On the comparative performance of socially responsible and Islamic mutual funds (2013)
Journal Article
Abdelsalam, O., Duygun Fethi, M., Matallín, J., & Tortosa-Ausina, E. (2014). On the comparative performance of socially responsible and Islamic mutual funds. Journal of Economic Behavior and Organization, 103, S108-S128. https://doi.org/10.1016/j.jebo.2013.06.011

This is the first study to provide comprehensive analyses of the relative performance of both socially responsible investment (SRI) and Islamic mutual funds. The analysis proceeds in two stages. In the first, the performance of the two categories of... Read More about On the comparative performance of socially responsible and Islamic mutual funds.

The impact of Board independence and ownership structure on the Timeliness of Corporate Internet Reporting of Irish Listed Companies. (2008)
Journal Article
Abdelsalam, O., & El-Masry, A. (2008). The impact of Board independence and ownership structure on the Timeliness of Corporate Internet Reporting of Irish Listed Companies. Managerial Finance, 34(12), 907-918. https://doi.org/10.1108/03074350810915842

Purpose – This study seeks to provide valuable new insight into the timeliness of corporate internet reporting (TCIR) by a sample of Irish‐listed companies. Design/methodology/approach – The authors apply an updated version of Abdelsalam et al. TCIR... Read More about The impact of Board independence and ownership structure on the Timeliness of Corporate Internet Reporting of Irish Listed Companies..

Board Composition, Ownership Structure and Dividend Policies in an Emerging Market; further evidence from CASE 50. (2008)
Journal Article
Abdelsalam, O., El-Masry, A., & Segini, S. (2008). Board Composition, Ownership Structure and Dividend Policies in an Emerging Market; further evidence from CASE 50. Managerial Finance, 34(12), 953-964. https://doi.org/10.1108/03074350810915879

Purpose – The purpose of this study is to examine dividend policies in an emerging capital market, in a country undergoing a transitional period. Design/methodology/approach – Using pooled cross‐sectional observations from the top 50 listed Egyptian... Read More about Board Composition, Ownership Structure and Dividend Policies in an Emerging Market; further evidence from CASE 50..

An examination of the determinants of the comprehensiveness of corporate Internet reporting provided by London Listed companies. (2007)
Journal Article
Abdelsalam, O., Bryant, S., & Street, D. (2007). An examination of the determinants of the comprehensiveness of corporate Internet reporting provided by London Listed companies. Journal of International Accounting Research, 6(2), 1-33. https://doi.org/10.2308/jiar.2007.6.2.1

Recent changes in the regulatory environment of the London Stock Exchange are aimed at prohibiting selective disclosure and enhancing the credibility of reporting. Using an innovative 143‐item disclosure checklist, we examine corporate Internet repor... Read More about An examination of the determinants of the comprehensiveness of corporate Internet reporting provided by London Listed companies..

Exchange rate exposure: do size and foreign operations matter? (2007)
Journal Article
El-Masry, A., & Abdelsalam, O. (2007). Exchange rate exposure: do size and foreign operations matter?. Managerial Finance, 33(9), 741-765. https://doi.org/10.1108/03074350710776262

Purpose – The purpose of this paper is to examine the effect of firm size and foreign operations on the exchange rate exposure of UK non‐financial companies from January 1981 to December 2001. Design/methodology/approach – The impact of the unexpecte... Read More about Exchange rate exposure: do size and foreign operations matter?.

The exchange rate exposure of UK non-financial companies. (2007)
Journal Article
El-Masry, A., Abdelsalam, O., & Alatraby, A. (2007). The exchange rate exposure of UK non-financial companies. Managerial Finance, 33(9), 620-641. https://doi.org/10.1108/03074350710776217

Purpose – The purpose of this paper is to investigate the exchange rate exposure of UK non‐financial companies from January 1981 to December 2001. Design/methodology/approach – The study employs different exchange rate measures and adopts an equally... Read More about The exchange rate exposure of UK non-financial companies..

Measuring Accounting Disclosure in a Period of Complex Changes: The Case of Egypt. (2007)
Journal Article
Abdelsalam, O., & Weetman, P. (2007). Measuring Accounting Disclosure in a Period of Complex Changes: The Case of Egypt. Advances in international accounting, 20, 75-104. https://doi.org/10.1016/s0897-3660%2807%2920004-2

Significant changes in accounting disclosure are observed in periods of economic change such as those relating to emerging capital markets and programs of privatization. Measurement of the level of accounting disclosure should ideally be designed to... Read More about Measuring Accounting Disclosure in a Period of Complex Changes: The Case of Egypt..

Corporate governance and the timeliness of corporate internet reporting by U.K. listed companies. (2007)
Journal Article
Abdelsalam, O., & Street, D. (2007). Corporate governance and the timeliness of corporate internet reporting by U.K. listed companies. Journal of International Accounting, Auditing and Taxation, 16(2), 111-130. https://doi.org/10.1016/j.intaccaudtax.2007.06.001

This study is an examination of the timeliness of corporate internet reporting by U.K. companies listed on the London Stock Exchange (LSE). The research examines the significance of several corporate governance and firm-specific characteristics as po... Read More about Corporate governance and the timeliness of corporate internet reporting by U.K. listed companies..

Introducing International Accounting Standards to an Emerging Capital Market: relative familiarity and a language effect; the case of Egypt. (2003)
Journal Article
Abdelsalam, O., & Weetman, P. (2003). Introducing International Accounting Standards to an Emerging Capital Market: relative familiarity and a language effect; the case of Egypt. Journal of International Accounting, Auditing and Taxation, 12(1), 63-84. https://doi.org/10.1016/s1061-9518%2803%2900002-8

The purpose of this study is to assess the effect of relative familiarity and language accessibility on the International Accounting Standards (IASs) disclosures when IASs are first introduced in an emerging capital market. The study focuses on the a... Read More about Introducing International Accounting Standards to an Emerging Capital Market: relative familiarity and a language effect; the case of Egypt..

Egypt. (2002)
Book Chapter
Abdelsalam, O. (2002). Egypt. In C. Roberts, P. Weetman, & P. Gordon (Eds.), International Financial Accounting: A Comparative Approach. (2nd ed.). Financial Times Prentice Hall