Rim M El Khoury

Rim M El Khoury
Lebanese American University

PhD in International Finance

About

81
Publications
42,265
Reads
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1,366
Citations
Additional affiliations
September 2009 - present
Notre Dame University – Louaize
Position
  • Professor (Associate)

Publications

Publications (81)
Article
Full-text available
This study synthesizes 48 academic studies on Initial Coin Offerings (ICOs) from 2018 to 2023, employing bibliometric and content analyses to illuminate their complexities and innovation in entrepreneurial finance. It identifies four key themes: (1) regulatory intricacies, market transformation, and strategic implications for emerging ventures; (2)...
Article
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Given the fact that the government debt is financed by commercial banks in Lebanon, there is a need to uncover and study the determinants of commercial bank deposits. This paper investigates empirically the main determinants of non-residents deposits in Lebanese commercial banks using monthly time series data covering January 2002 to January 2013 (...
Article
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This research aims at investigating the factors determining the dividend payout policy in the Lebanese banks listed on the Beirut Stock Exchange. This study considers the impact of seven variables, namely, profitability, liquidity, leverage, firm size, growth, firm risk and previous year’s dividend payout on the dividend payout ratios by using an u...
Article
Purpose This study aims to assess the current state and impact of the RegTech industry on financial regulation and compliance by providing a comprehensive overview of its evolution and identifying key challenges and opportunities. Design/methodology/approach A hybrid review approach was employed, involving a detailed bibliometric analysis of 89 sc...
Article
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This research explores the interdependence within the international logistics sector among 17 nations, utilizing a quantile-based technique to assess the transmission of returns. By analyzing daily data from DataStream spanning from 1 June 2016, to 12 August 2024, we apply the Quantile Vector Autoregression framework to examine the synchronous beha...
Article
As greener strategies become the top priority of all nations, their contributions toward decarbonized economies arise as an important topic. The present study attempts to weigh the effect of such strategies. We investigate this relationship using panel regressions and applying many tests based on data gathered from 2010 to 2019. Our findings unders...
Article
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This study presents a hybrid review of Non-Fungible Tokens (NFTs) utilizing a hybrid approach based on bibliometric and content analyses. Employing the Scopus database, we conducted a bibliometric analysis of 210 articles. Additionally, a thorough content analysis of the 43 most influential papers, filtered based on their publication in highly-rank...
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This paper examines the impact of firms’ characteristics and corporate governance on the auditor change decisions using a logistic regression. The sample includes all U.K. companies listed on the London Stock Exchange that have changed their auditors between March 2013 and February 2018. The objectives are two-fold: (a) investigating the antecedent...
Article
Purpose This study aims to investigate the dynamics of return connectedness of the Standard & Poor’s (S&P) Gulf Cooperation Council (GCC) composite index with five regional equity indices, three global equity indices and other different asset classes during the COVID-19 pandemic period. Design/methodology/approach This study uses daily data spanni...
Article
This study examines the Japanese stock market connectedness across different sectors, focusing on both the time and frequency dimensions. The dataset used spans from January 1999 to April 2022 and employs various methodologies, including time‐varying parameter vector autoregressions, TVP‐VAR frequency dependency, and Quantile coherency. The empiric...
Chapter
The central goal of this chapter is to investigate essential changes needed for higher education regarding modifying their curriculum structure along with delivering courses proficiently. Conventional learning approaches have received criticism because they tend to be rigid, inefficient, and fail at preparing learners adequately for contemporary ch...
Article
The rapid growth of clean energy markets as a distinct asset class has attracted significant investor attention. This study examines the interdependence between G7 stock markets and clean energy indices, specifically Renewable Energy Generation (REG), Energy Efficiency (EE), Advanced Materials (AM), and Clean Fuels (CF). Using a state-of-the-art vo...
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This paper investigates the asymmetric, time, and frequency-based volatility spillovers in global IT industries. To this end, we introduce a new Wavelet-Time Varying Parameter-VAR (W-TVPVAR) approach to compute connectedness combined with the asymmetrical connectedness of (Barndorff-Nielsen et al., 2010) and (Baruník et al., 2016, 2017) at differen...
Article
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This study is epicentral to analyze the impact of the Russia–Ukraine war on the financial markets, specifically focusing on the connectedness and spillover dynamics of FinTech, Environmental, Social, and Governance (ESG), renewable energy, gold, and Morgan Stanley Capital International (MSCI) indices in developed and emerging countries. Data are co...
Article
This study investigates the multidimensional connectedness between various Fourth Industrial Revolution assets and global commodities to analyze their role in portfolio diversification. Using dynamic conditional correlation-generalized autoregressive conditional heteroskedasticity (DCC-GARCH), Baruník and Křehlík (BK) frequency connectedness, and q...
Article
Purpose This study examines the risk spillovers between Indonesian sectorial stocks (Energy, Basic Materials, Industrials, Consumer Cyclicals, Consumer Non-cyclical and Financials), the aggregate index (IDX) and two commodities (gold and West Texas Intermediate Crude Oil [WTI] futures). Design/methodology/approach The study uses two methodologies:...
Article
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Research background: The Brexit referendum had a profound effect on the economic relations between the United Kingdom (UK) and continental Europe. Major economic and financial determinants were affected, including the impact of the GBP/EUR exchange rate volatility on the dynamics of UK exports to the Eurozone. Purpose of the article: This paper see...
Article
This study investigates the spillover dynamics among 10 Australian sectoral indices and their connectedness to global factors, including the WTI crude oil price, oil market volatility, Australian exchange rate, U.S. stock market volatility index and Infectious Disease Tracker Index. Using data from May 14, 2007 to March 31, 2022, this study applies...
Article
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This study reviews initial coin offerings (ICOs) based on 80 empirical studies from 2018 to 2022. We apply a blend of bibliometric and content analysis to consolidate ICOs’ prior findings, track the evolutionary impact, and explore the semantic discourse and underlying theories in entrepreneurial finance. The content analysis concludes with five ma...
Chapter
This research aims to test the market reaction following the audit firm change announcement. The sample includes all UK companies listed on the London Stock exchange that have announced changing their auditors between March 2013 and February 2018. The companies’ daily stock prices as well as the market index daily value are collected from the Eikon...
Article
Lebanon has faced one of the most severe financial and economic crises since the end of 2019. The practices of the Lebanese banks are blamed for dangerously exposing economic agents and precipitating the current financial collapse. This paper examines the patterns of manipulation of the 10 biggest banks before and after implementing the financial e...
Article
Using half-rotated technology of copula, this study proposes a generalized autoregressive conditional heteroskedasticity (GARCH) copula quantile regression (CQR) model to describe the asymmetric negative and nonlinear tail dependence between foreign exchange rates (FX) and stock markets. Based on daily data ranging from January 2003 to December 202...
Article
This study examines the connectedness among several regional FinTech indices and analyses the impact of Russia’s invasion of Ukraine on the dynamic spillovers. We employ the time-varying parameter vector autoregression and time-frequency connectedness network approach using data spanning from 2 September 2021 until 4 April 2022. We find that the re...
Article
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The study examines the spillover between Twitter Uncertainty Indexes (TUI) and 10 US sectors. Our methodology is twofold: a time-varying parameter vector autoregression (TVP-VAR) to explore the dynamic connectedness among sectoral returns and a regression, mainly ordinary least squares (OLS) and quantile, to explore the role of TUI in explaining th...
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This study explores the impact of FinTech firms adhering to manufacturing efficiency practices compared with their counterparts during the fourth industrial revolution. The purpose is to provide empirical evidence of FinTech firms' operating efficiency and see corporate efficiency impacts market performance. The data has been collected from Bloombe...
Article
This study explores the impact of the intensity of countries’ digital transformation on the performance of 3961 global companies in the Information Technology sector in 2020. We analyse the impact of e-government index, e-participation index, and cybersecurity commitment on firms’ performance (enterprise value, book value per share, and cash flow f...
Article
Purpose The seepage of companies' capital accommodated by weak country-level institutions is inconducive to building sustainable businesses. Companies' performance on environmental, social and governance (ESG) issues is still a challenging question. This study aims to test the predictability of ESG on the performance of the health-care industry fro...
Article
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Abstract Purpose This study investigates the impact of green supply chain management (GSCM) practices on environmental performance in firms operating in the discretionary sector in the G20 countries. The sample covers 749 firms for the period 2010–2020. Design/methodology/approach This study combines qualitative and quantitative data to examine th...
Article
Purpose This study models the effects of the COVID-19 pandemic on the performance of the private health-care sector in the Middle East and North Africa (MENA) countries. This paper aims to address the economic, societal and sustainability of the health-care sector. Design/methodology/approach Data were collected from Bloomberg and the sample consi...
Article
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An uphill question of whether Environmental, Social, and Governance (ESG) directly impact firms’ financial performance (FP) continues to vacillate between two opponent streams. In the present study, we argue that COVID-19 is an extreme event where the effect of ESG sharply manifests. We rely on cross-sectional data in the context of G20 countries f...
Chapter
In the rise of digital transformation and big data, accounting and auditing professions are required to adopt advanced techniques that help detect irregularities and frauds. This chapter collects 1,112 documents from Scopus database published in 288 sources over the period 2008-2021. A bibliometric analysis is used to depict trends, and applicable...
Article
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Purpose The credit crunch of 2008 and recent COVID-19 influences underscored the importance of liquidity and credit risk management in businesses and financial institutions. The purpose of this study is to investigate the impact of liquidity risk and credit risk management on accounting and market performances of banks operating in the Middle East...
Chapter
This paper is the first to examine the reaction of the cryptocurrency market to COVID-19 in terms of volatility resilience. Seven GARCH-type models are used to measure, predict, and audit the volatility behavior of the most eminent cryptocurrencies that represent almost 60% of the total crypto market namely, Bitcoin (BTC), Ripple (XRP), Litecoin (L...
Article
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This study aims to detect the impact of three personality traits on agents' sales performance. The moderating role of the unit manager's leadership style is highlighted too. MLQ-5X and Mini-IPIP questionnaires were distributed to 200 insurance sales agents in Lebanon. Using SEM, extraversion is found to be positively and significantly affecting sal...
Article
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Purpose This paper provides a state-of-the-art review of the financial development in the Middle East and Central Asia (MECA) and examines its impact on its economic growth. Design/methodology/approach The authors use a Panel Data Regression Analysis on a sample of 21 countries in MECA for the period 2008–2018. Findings Using the financial develo...
Article
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Purpose As reporting environmental, social and governance (ESG) information is not yet mandatory in all countries, it is intriguing to understand ESG’s underlying driving mechanisms. This study aims to investigate ESG determinants in the banking sector of the Middle East and North Africa countries. Design/methodology/approach The authors gather da...
Article
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The Journal of Information and Knowledge Management (JIKM) published its first issue in 2002 and celebrated its 19th birthday in 2020. This study aims to assess JIKM performance over its lifetime between 2002 and 2020 by extracting data from the Scopus database and using a combined approach of bibliometric and content analysis. More specifically, w...
Article
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This study aims to assess the impact of IT governance on banks’ financial performance in the context of Palestine while controlling for bank-specific and governance variables. The sample consists of six local banks listed on the Palestine Exchange over the period 2008–2019. While IT governance is proxied by the presence of IT experience within boar...
Article
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This study aims to investigate the phenomenon of women's presence on the boards of industrial public companies in the Gulf Cooperation Council (GCC) countries. The first question deals with the relationship between board characteristics, governance variables and women on boards. The second question weighs the impact of the company-specific characte...
Article
This study investigates the relationship between the level of sustainability reporting and firm's performance (operational, financial and market) in the top worldwide 20 smart cities. Using data culled from 3536 observations from 20 different smart cities for ten years (2008–2017), an independent variable derived from ESG score are regressed agains...
Article
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This study aims to investigate the impact of Environmental, Social and Governance (ESG) on bank performance (FP) in the Middle East, North Africa and Turkey (MENAT) region. The sample consists of 46 listed banks between 2007–2019. FP is measured through accounting (Return on Assets Return on Equity) and market indicators (Tobin’s Q Stock Return )....
Article
Given the unsettled ESG-CFP (Environmental, Social, Governance-Corporate Financial Performance) relationship and the scarcity of research covering emerging markets firms and the impact of each of the ESG pillars on CFP while considering the industry sector categories, this paper is pioneer in investigating this relationship for 108 East Asian liste...
Chapter
Full-text available
Opaque markets suffer from asymmetry of information and inaccessibility to financial data. SMEs operating in such markets play an important role and substantially contribute to their economy. Evaluating SMEs financial performance for such markets remains a hard task and hence such sector is completely marginalized. This paper attempts to proxy the...
Article
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This paper provides a thorough overview and further clarification surrounding the volatility behavior of the major six cryptocurrencies (Bitcoin, Ripple, Litecoin, Monero, Dash and Dogecoin) with respect to world currencies (Euro, British Pound, Canadian Dollar, Australian Dollar, Swiss Franc and the Japanese Yen), the relative performance of diver...
Article
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This paper aims to empirically examine the link between corporate governance and the financial performance of small and medium enterprises (SMEs) in Lebanon. To this end, we use a questionnaire and collect data from a sample of 150 non-listed companies. The Bundles approach following R. Aguilera et al. (2008 Aguilera, R. , I.Filatotchev, H.Gospel,...
Chapter
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This paper examines the behavior of Bitcoin and Ripple compared to the three fiat currencies, EURUSD, GBPUSD and CNYUSD, by comparing their volatility and VaR during the period extending from March 01, 2016 to February 28, 2019. EWMA, GARCH (1, 1), GARCH (p, q) and EGARCH (1, 1) were used to forecast volatilities. EWMA model outperformed the rest o...
Article
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This paper analyzes the relationship between change in capital and change in risk for a sample of 23 Lebanese banks between 2009 and 2014. Using the simultaneous equations model, our evidence reveals that banks determine their capital and risk levels simultaneously, with a negative relationship. While banks adjust their capital rapidly, they adjust...
Article
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This paper analyzes the volatility dynamics in the financial markets of the (three) most powerful countries from a military perspective, namely, the U.S., Russia, and China, during the period 2015–2018 that corresponds to their intervention in the Syrian war. As far as we know, there is no literature studying this topic during such an important dis...
Article
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Over the last decades, terrorism has become a global phenomenon to which every society is exposed from time to time. Terrorist attacks can have many economic consequences that may affect a number of sectors, including the capital market. The main goal of this paper is to examine the reaction of the CAC40 index to one terrorist attack, mainly “Charl...
Article
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This paper investigates the impact of bank liquidity on the risk-taking behavior using a panel data of audited financial statement of 21 Lebanese commercial banks for the period from 2008 to 2015. Bank risk was measured as risk weighted asset ratio, loan loss provision divided by total assets, and net interest income ratio, while liquidity was meas...
Article
This study examines the impact of corporate governance on the profitability of six Lebanese listed banks between 2008-2012. Performance is measured by ROE and ROA whereas corporate governance is based on 14 variables, in addition to size as a control variable. ROA was found to be the best measure of performance with six significant variables. More...
Article
This paper applies the multi-index model to explore the sensitivity of the stock return of European automotive companies to some macroeconomic variables. The analysis involves the monthly returns of nine European companies operating in the automotive industry from January 2003 to April 2012 using 15 macroeconomic variables and the market index repr...
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The last global financial crisis reemphasized the importance of liquidity for the well functioning of the banking sector and the financial markets. Given the importance of banks in the Lebanese financial markets, this paper aims to identify the determinants of liquidity of Lebanese commercial banks for the period from 2005 to 2013. Results show tha...
Article
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This study analyzes whether Altman Z-score can accurately classify manufacturing companies operating in Lebanon. The empirical analysis examines eleven manufacturing companies over a period of 3 years from 2009 till 2011. Firms are classified according to Altman Z-score models and then compared to their actual classification. The study found that t...
Article
This paper revisits the determinants of the firm’s capital structure. The main focus is on ‘the market timing theory’ according to which the current level of capital structure is the cumulative outcome of past attempts to ‘time the market’ (Baker and Wurgler, 2002) and its impact on the capital structure. In this paper, the impact of mispricing on...
Chapter
This chapter examines whether students' perceptions of learning, attitudes, and performance are affected by the use of multimedia technology. Both traditional and multimedia methodologies were used in the financial accounting II course offered at one of the leading universities in Lebanon, using data collected from a sample of 110 students. In orde...
Article
Motivated by the important role that banks play in the Lebanese economy, this study will investigate the impact of bank-specific characteristics, macroeconomic conditions, and financial structure variables on Lebanese banks’ net interest margin and profitability. Using an unbalanced panel data of 175 observations between 2003 and 2011, regression r...
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Motivated by the continuous increase of non-residents deposits in Lebanon, this paper will try to investigate the determinants of these inflows from the perspective of foreign depositors. Through the use of 65 questionnaires filled by non-resident depositors, this study found that there are some internal, external, bank related, social and behavior...
Article
Traditionally, the profitability of banks depended heavily on the net interest income, or simply the difference between the interest rates received on loans and interest rates paid on deposits. Recently, banks have changed their behavior by moving into noninterest income generating activities, particularly true for large and more diversified banks....
Article
ABSTRACT This paper revisits the determinants of the firm’s capital structure. The main focus is on ‘the market timing theory’ according to which the current level of capital structure is the cumulative outcome of past attempts to ‘time the market’, i.e. issuing shares when equity is overvalued and repurchasing them when equity is undervalued. Sinc...

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