Faris Alshubiri

Dhofar University · Department of Finance and Economics

The present study aimed to investigate the relationship between foreign higher education and corruption in 14 home countries in the MENA region and 13 host countries from 2007 to 2021. Panel-estimated generalized least squares, robust least squares MM estimation, dynamic panel data estimation, and one-step difference generalized method of moments w...

The present study aimed to investigate whether terrorism hampered foreign greenfield investment inflows in 14 MENA countries from 2011 to 2021. One-step system generalized method of moments, the instrumental variable of a two-stage least squares regression estimator, and instrumental variables of generalized method of moments were used in this stud...

The chapter aims to investigate the relationship between foreign green finance and environmental, social, and governance sustainability in MENA countries over the period from 2011 to 2021. The chapter used diagnostic tests as tests for selecting appropriate estimators. The chapter used Feasible Generalized Least Squares (FGLS), instrumental variabl...

Purpose This study aims to examine the effect of foreign direct investment (FDI) inflows on tax revenue in 34 developed and developing countries from 2006 to 2020. Design/methodology/approach Feasible generalised least squares (FGLS), a dynamic panel of a two-step system generalised method of moments (GMM) system and a pool mean group (PMG) panel...

Purpose –The present study examines whether firms that appear to exhibit high sustainable outputs are more likely to pay higher audit fees than firms without such outputs. Design/methodology/approach–The sustainability outputs are measured using a sustainable product portfolio consisting of four products: clean energy products (CEP), eco-design pr...

Purpose This study aims to analyse the intellectual property rights (INPR), foreign direct investment (FDI) inflows and technological exports of 32 developing and developed countries for the period of 2006–2020. Design/methodology/approach Diagnostic tests were used to confirm the panel least squares, fixed effect, random effect, feasible general...

Purpose The present study aimed to examine the effect of received remittance inflows on the price level ratio of the purchasing power parity conversion factor to the market exchange rate in 36 developed and developing countries from 2004 to 2020. Design/methodology/approach The panel data conducted a comparative analysis and used panel least squar...

Numerous studies have underscored the pivotal role of external auditors in identifying unfair estimates and preventing accounting manipulation. This is achieved by gathering sufficient and appropriate evidence when material misstatements are detected and verifying the existence of such misstatements. This study aims to explore the relationship betw...

This study aims to examine the relationship between public financial management and indicators of well-being among 29 Economic Co-operation and Development (OECD) countries using a balanced panel dataset over the period between 2005 and 2019. This study used a matrix of seven proxy measures of public financial management, which works as an integrat...

Government effectiveness has emerged as an important factor in the relationship between corruption and the process of financial development. This chapter explores the relationship between corruption control, government effectiveness and financial development in 14 low- and high-income countries over the period 2005–2020 to determine the applicabili...

The digital economy is considered key to the success of sustainability as part of Oman Vision 2040. Therefore, this chapter aims to examine its relationship with investments from 1985 to 2020 using three proxies for the digital economy, namely infrastructure, empowering society and technological economic growth. The findings showed that the former...

Purpose The present study aims to compare the effect of international paid remittances on financial development in three Gulf Cooperation Council (GCC) countries from 1985 to 2020. Design/methodology/approach The study applied the bound cointegration technique and the autoregressive distributed lag (ARDL) method for long- and short-run estimations...

The present study used quarterly data from 2014 to 2020 to analyse the financing and returns of Shari’ah-compliant contracts in Oman based on murābahah, ijārah muntahia bittamlīk and wakālah Islamic banking tools and their relationship to sustainable investing, which was measured using three pillars of governance: capital adequacy, asset quality, a...

The information and communication technology (ICT) of trade balance is one of the main facilitators of any business sustainability. As ICT and financial inclusion eases access to knowledge and enhances significantly developing several human skills and competencies, its impact in industrial sectors has mainly recognized as positive. But digitalizati...

The present study aimed to investigate the relationship between corruption control, government effectiveness and banking stability in 21 countries during the period of 2003–2019. The study used many estimators to overcome heterogeneity and endogeneity issues as well as diagnostic tests to increase robustness. The unit root test results showed that...

This chapter explores the relationship between financial inclusion and the dark and bright sides of digitalisation in ten developed and developing countries over the period of 2008 to 2020. An analysis of panel data for the studied countries revealed a significant positive relationship between financial inclusion and technology, especially in terms...

Sustainable financial development plays a vital role in new institutional economics and transaction cost economics. This asserts the important role of interest and exchange rates and political stability as determinants of an economy’s institutional quality. The current study aimed to investigate the effects of the real interest rate, the exchange r...

This study aimed to measure the impact of financial competition, as measured by the Lerner index (LRI) and the Panzar-Rosse model (PRM), and concentration, as measured by the Herfindahl–Hirschman index (HHI), on structure of financial performance indicators in 24 firms in the financial sector of Oman for the period of 2008–2018. The main findings w...

Purpose Digitalisation has become closely related to various economic sectors in terms of economic impact and discovery of new technologies. In this regard, this study aims to examine the relationship between the digital economy, as measured by four proxies (infrastructure, empowerment of society, technological economic growth and digitalisation de...

This study aimed to analyse the stock market capitalisation and financial growth nexus of Western European countries from 1989 to 2018 in order to understand the interactive relationship between the stock market and the economy to identify the specific financial market channels through which economic growth is managed. The pooled least square findi...

This study examined the effect of the relationship between saving and capital expansion on financial and technological development in three GCC countries using panel data from 1990 to 2019. The study used panel least squares, feasible general least squares, dynamic ordinary least squares and fully modified ordinary least squares used in the study....

The present study examined the effects of financial deepening on income inequality using gross domestic product (GDP) and money supply proxies. A sample of 32 Organisation Economic Co-operation and Development (OECD) and ASIAN countries was examined during the period of 2002–2018. Using a robust methodology, many tests were applied to control the i...

This study aimed to analyze four portfolio returns of Islamic indices to determine the potential of attracting investments in the Islamic Stock Price Index of the six Gulf Cooperation Council (GCC) countries. Monthly data were collected from S&P Dow Jones Indices LLC reports covering the period from December 31, 2010 to December 31, 2019. The study...

This study aimed to investigate the impacts of financial depth and foreign direct investment (FDI) on green and non-green energy consumption in the panel data of 14 Organization of the Petroleum Exporting Countries (OPEC) members over the period of 1990–2015. To overcome endogeneity and heterogeneity issues and increase robustness, we applied the p...

Abstract This study analyzes the impact of petroleum and non-petroleum indices on the financial development of the Sultanate of Oman from 1978 to 2017. To this end, it uses the petroleum proxy of oil rents (% of gross domestic product, GDP) and the non-petroleum proxy of industry (including construction) value added (% of GDP); agriculture, forestr...

This paper aims to examine the impact of financial development on green and non-green energy consumption in the Organization of the Petroleum Exporting Countries (OPEC) over the period of 1990–2015.The data was collected from the Green Growth Knowledge Platform Database and the World Development Indicators (WDI) of the World Bank for 14 OPEC countr...

Purpose This paper was aimed to develop better knowledge to show how obstacles impact Sustainable Development Goals (SDGs) in investment business on the global competitiveness index (GCI). This study was applied to six Gulf Cooperation Council (GCC) economies to analyse and classify investment obstacles in order to improve GCI and mitigate the obst...

Abstract Purpose – This study aims to examine the relationship between foreign finance, economic growth and CO2 to investigate if the environmental Kuznets curve (EKC) exists as an empirical evidence in 32 selected Organization for Economic Co-operation and Development (OECD) countries. Design/methodology/approach – This study used quantitative ana...

Purpose The purpose of this study is to examine the impact of financial sustainability indicators of higher education on foreign direct investment (FDI) using empirical evidence from 26 Organization for Economic Co-operation and Development (OECD) countries. The basic criterion for determining the financial sustainability of higher education instit...

Abstract. This study aims to identify public financial indicators involved in the investment projects of GCC countries. The data was collected from the IMF and the MEED from 2011–2017. The study measured the impact of public finance based on eight variables and two proxies (national and trade accounts) on the investment project development proxy, w...

This study aims to analyse the financial model of the information and communication technology (ICT) price basket to determine is effect on financial development indicators. This model measures cost as a percentage of gross national income per capita and the affordability of ICT services in Gulf Cooperation Council (GCC) countries for the period of...

The globalization revolution has led to many countries considering advancing technology, which has led to electronic finance becoming an important aspect in all economic and financial sectors. This study aims to investigate the impact of information and communication technology (ICT) on the financial development index of six Gulf Cooperation Counci...

Purpose This study aims to examine the relationship between foreign finance, economic growth and CO 2 to investigate if the environmental Kuznets curve (EKC) exists as an empirical evidence in 32 selected Organization for Economic Co-operation and Development (OECD) countries. Design/methodology/approach This study used quantitative analysis to te...

This study aims to identify the impact of fish output on the marine fish trade balance, as well as foreign investment opportunities in six Gulf Cooperation Council (GCC) countries over the period of 1985–2016. We applied several panel estimation techniques, including fixed effects (FE), generalized method of moments (GMM), instrumental variable-fix...

Purpose This paper aims to assess and empirically analyze the impact of marine production manufacturing on gross domestic product (GDP) indicators as a comparative study in Gulf Cooperation Council (GCC) countries. Design/methodology/approach This study used analytical quantitative approaches to assess the impact of marine production manufacturi...

Idiosyncratic risk (IDR) is defined in general as the uncertainties of return to investors from an investment portfolio leading to diversification or hedging to mitigate and avoid such risks. This article aims to analyze the IDR of banking sector on oil (OI), stock market indicator (SMI), and fiscal indicator (FI) of Sultanate of Oman. This article...

This study aims to investigate the impact of financial stability indexes on broad money growth in the commercial banking sector of Sultanate of Oman. This study used three indexes consists of financial growth index measured by bank credit to GDP (%), bank deposits to GDP (%) and Herfindahl-Hirschmann index, financial sensitivity index measured by i...

This study aims to explain the factors that have an effect on financial banking stability measured by Z- score as determinants of all six banks listed in MSM of Oman over the period 2008 to 2014. The four factors used are bank specific factor measured by income diversity and size of bank, banking sector measured by concentration in market and P/E r...

The aim of this study was to evaluate the impact of financial banking development on economic growth of Sultanate of Oman. The sample selected covered all six banks listed on MSM over the period from 2008 to 2014. The independent variables of financial banking development classified for five groups were management quality, monetary, credit, market...

Purpose: The purpose of this study is to examine green logistic activities by three axes (financial economic, social and environment activities) and how these activities affect on sustainable monetary expansion indicators as an evidence of Sultanate of Oman. Design/methodology/approach: This study began by definition elements of logistic green and...

This study aims to examine the factors that determine interest rate spread (IRS) of commercial banks listed on Muscat security market over the period 2008 – 2014. They are classified into four groups of financial, economic, market and legal indicators. The Spearman correlation matrix results show that all economic indicator variables have significa...

This paper analyses the economic development indicators related to based on knowledgeintensive business services. This study uses 5 indicators of health, education, electricity, transport & communications and tourism as independent variables for economic performance, while 7 dependent variables include: loans approved, total merchandise imports, to...

This study aims to investigate the impact of structural indicators for the European Union banking system on economic evolution. The methodological framework is the analysis of three variables of economic evolution. The econometric equation is built by regression test using annual data for the period 2008 to 2014. The indicators of the European bank...

This paper aims to identify the economic, financial, management and marketing factors that influence of foreign direct investment (FDI) in sultanate of Oman over the ten years from the period 2005 to 2014. This study used two models to test the hypotheses by using Pearson correlation and a linear regression test. Model one used six varibles of econ...

This paper aims to analysis the impact of entrepreneurial financial activities on financial indicators of all sectors as industrial, financial and services listed in Muscat Security Market from 2008 to 2014. The sample of 109 firms has been selected from a total population of 115 firms. The model of study consist of five main financial activities r...

The role of banking sector is becoming crucial in the economic development of any nation and it is becoming pertinent to ensure the reliability and robustness of this crucial pillar of the economy. This study aims to investigate empirically the effect of all the elements of CAMELS model on bank efficiency ratio for all the six listed banks on Musca...

This study aims to investigate the impact of sustainable development supply chain (SDSC) on economic performance. This study used three elements of SDSC consists of social , economic and environmental, each element measured by three variables as independent variables to show the impact on economic performance measured by GDP and FDI in 9 governorat...

This paper analyses the economic development indicators related to based on knowledgeintensive business services. This study uses 5 indicators of health, education, electricity, transport & communications and tourism as independent variables for economic performance, while 7 dependent variables include: loans approved, total merchandise imports, to...

The aim of this study is to examine the effect of working capital (WC) management efficiency on the operating performance of industrial companies listed in the Muscat Securities Exchange (MSM) in Sultanate of Oman. The study employed an explanatory non-experimental research design. 37 out of 48 industrial companies listed in the MSM were taken. The...

This study aims to demonstrate the impact of the intellectual capital from market capitalization on profitability in the financial sector listed in Muscat Security Market (MSM) of Oman for the period from 2009 to 2013 for 36 firms included in six sectors but the researcher taken only 32 firms because two banks in banking sector and two firms in ins...

This paper aims to analyze the impact of economic and financial variables on cash conversion cycle of energy, oil and gas sectors listed in Muscat Security Market. The study population include 13 firms from 2008 to 2013 listed in Muscat Security Market and only 3 firms exception because the lack of complete data covering the period of study as new...

This study aims to explain the impact of process innovation outputs on market capitalization in three sectors (industry, service, financial) listed of Muscat Security Market from 2009 to 2013. The innovation phenomenon of growth firms means finding new products, markets and ideas as a competitive advantage on the international or local level. The r...

This paper aims to analysis the impact of financial and business risk on performance in ten industrial sector of Sultanate of Oman. The population is 47 firms from the period 2009 to 2013. The results indicate there is a statistical significant impact of earnings growth at business risk on performance at significant level 5% and current ratio and f...

The revolution of globalization, computerization and information technology has entered to Jordanian market. This phenomenon requires company's attention of human element and the acquired knowledge, experience and the development of the so-called concept of intellectual capital.(IC) In this study I used only the human capital as a part of IC. This...

inancial markets plays a vital role in the Jordanian economy organizes its operations in a changing environment, which is working on the transfer of local resources through productive channels next to foreign investment. The goal of this study is to analysis the relationship between economic variables and abnormal returns in Amman stock exchange. T...

The success of any sector in the financial market depends on how administrators can manage their companies? And this case reflected on the success in the market, which is characterized by intense competition and this also depends on the creativity and the technology used, which includes knowledge, experience and skills. This study therefore tries t...

The study presents the results of an analysis of credit risk factors of the Jordanian banking system. The objective of the empirical analysis is to establish some factors which influence the systematic credit risk of the Jordanian banking loan portfolio. The sample consists of a panel of 14 commercial banks that are listed on the Stock Amman Exchan...

This study explains the impact of investment in creative activities on turnover stock ratio of 13 commercial banks listed in Amman Stock Exchange (ASE) during the period from 2001 to 2011. The concept of creativity reflect all activities in the banking sector, which is considered an indicator of growth in all of the services provided by banks from...

The credit and liquidity risks are considered the two essential in the field of investment banks and reflected in the market value, as the liquidity reflects the bank's ability to transfer the asset to cash with fair value and this is reflect to credit at how much credit is granted to customers of different types of loans. This paper aims to analys...

Accounting, economic, social and political, and slack resources theories provide different perspectives to addressing corporate social responsibility in relation to disclosure, corporate financial performance e.t.c. This paper aims to identify the determinants financial and non financial of corporate social responsibility (CSR) in Jordan .The annua...

This paper examines the possible association between ownership structure, dividend payout policy. It is also one of the very first examples, which tries to detect any potential association in ownership structure, and well established dividend payout models in context of an emerging market .The present study examines the payout behavior of dividends...

This paper examines whether the total debt ratio and bank ratio of listed companies have any impact on their fixed investment during the years in 2004-2009, and whether this impact, if it existed, differed among companies with differing investment opportunities. The study has reveals the total debt ratio did have a negative impact on fixed investme...

this study explain rapidly changing business environment, the need for very timely and effective business information is recognized as being indispensable for organizations not only to succeed, but even to survive. Business intelligence (BI) is a concept which refers to a managerial philosophy and a tool that is used in order to help organizations...

This paper provides new insights into the way in which the capital structure and market power and capital structure and profitability are related. We used sample data of fourteen banks listed on the Amman Stock Exchange for the period from 2005 to 2008. We examine the dependent variable, which are expressed by total debt deflated by total assets, w...

These hypotheses were related to the effects of profitability, growth opportunities, asset maturity, size, liquidity and age. Total debt ratio was found to be positively and significantly related to the percentage growth in total assets and negatively and significantly related to liquidity and asset structure. A growth opportunity variable was foun...

This paper provides new insights into the way in which the capital structure and market power and capital structure and profitability are related. We used sample data of fourteen banks listed on the Amman Stock Exchange for the period from 2005 to 2008. We examine the dependent variable, which are expressed by total debt deflated by total assets, w...

The principal purpose of the present paper is to investigate the association between the effi ciency of value added Intellectual Coeffi cient (VAIC) by the major components of a banks resource base {physical capital (CEE), human capital (HCE) and structural capital (SCE)} and three traditional dimensions of banks fi nancial performance. The three t...

The motivation for these studies is the international extensive researches about factors that might be important in determining firms dividend policy. There are many reasons explaining why dividend policy is so interesting. One reason is that the dividend policy of the firm affects its capital structure, since the retained earnings intent to fund t...

Working capital does not receive a great deal of attention in financial decision making. Perhaps this is because it involves investment and financing for the short term. Nevertheless, it is an important component of firm financial management. This study investigates the relationship between aggressive/conservative working capital practices and prof...

This paper examines whether the total debt ratio and bank ratio of listed companies have any impact on their fixed investment during the years in 2004-2009, and whether this impact, if it existed, differed among companies with differing investment opportunities. The study has reveals the total debt ratio did have a negative impact on fixed investme...

The study analyzes the working capital management practices and their impact on profitability and risk of industrial Jordanian firms for the period of 2004 to 2007. The total sample of the study consists of 59 industrial firms listed on Amman Stock Exchange. The working capital management practices examine the impact of aggressive/conservative work...

The recent financial crisis has created significant issues for insurers in managing their ALM. Regulatory change towards Solvency and a fair value/realistic approach also leads to greater transparency as regards risk management and the stability of the economic balance sheet. In this context this study examines the factors that are responsible for...

Financial firms make up a substantial fraction of the domestic equity market. A number of studies subsequently used different conceptual and methodological approaches to model equity return of financial services firms. Movement of the stock price as the consequence of the movement of the micro and macroeconomic factors is strongly supported by the...

This study investigates whether capital structure is value relevant for the equity investor. In this sense, the paper links empirical corporate finance issues with investment analysis. This study also integrates the Miller-Modigliani (MM) framework (1958) into an investment approach by estimating abnormal returns on leverage portfolios in the time-...

The recent financial crisis has created significant issues for insurers in managing their ALM. Regulatory change towards Solvency and a fair value/realistic approach also leads to greater transparency as regards risk management and the stability of the economic balance sheet. In this context this study examines the factors that are responsible for...