Mohamed AROURI

Dr. Arouri is currently a full Professor of Finance and Sustainable Development (Professeur des Universités de première classe, agrégé du premier concours de l’enseignement supérieur) at the Université Nice Sophia Antipolis (Université Côte d’Azur) and Researcher at Groupe de Recherche en Management (GRM). He is also a Research Fellow at the Economic Research Forum (ERF) in Cairo, Egypt and an Expert in the Evaluation/Accreditation of Doctoral Schools for the High Council for Evaluation of Research and Higher Education (HCERES), France. Before joining the Université Côte d’Azur, he served as Professor of Finance and Director of the Doctoral School of Economics, Law and Management (ED245, CERDI, Métafort, CMH & CRCGM) at the Université Clermont Auvergne (2011-2017). 

Dr. Arouri received his HEC M.Sc. in Finance from IHEC Carthage, his Ph.D. in Economics from the Université Paris X and his H.D.R. (Habilitation for Supervising Doctoral Research) in Management Science from the University of Orleans. He has previously served as a Researcher and/or Professor in numerous other Universities and Business Schools including University of Orleans (2007-2011), Université Paris-Est (2004), Paris X (2005), ESSEC Business School (2006-2007) and EDHEC Business School (2007-2014). Winner of the AFFI-Euronext-NYSE 2006 Prize, Prof. Arouri currently serves as member of editorial and scientific committee of various academic international journals and conferences and has been invited as a speaker or moderator on numerous international conferences and symposia.

Arouri’s research interests involve several aspects of financial economics: emerging markets, asset pricing, portfolio management, behavioral finance, and interaction between commodities, asset prices and macroeconomic variables. During recent years, Prof. Arouri has shifted his attention towards the corporate social responsibility (CSR) on the one hand and institutions and sustainability and economic development on the other hand. His research activities have been supported by numerous grants such as ANR, Institut Europlace Finance and Economic research Forum ERF grants. His most recent articles are published in leading refereed journals such as Journal of International Money & FinanceWorld DevelopmentJournal of MacroeconomicsJournal of Banking & FinanceThe World EconomyEcological EconomicsJournal of Business EthicsMacroeconomic DynamicsEuropean Business ReviewJournal of International Financial Markets, Institutions & MoneyInternational Review of Financial AnalysisThe Quarterly Review of Economics & FinanceOxford Development StudiesManagerial FinanceRevue Finance, and Annales d’Economie et de Statistiques.

With a citation count of +3000, a G-Index of 52 and an h-index of 31, Prof. Arouri authored numerous papers listed among the top 5 most cited articles in journals such as the Quarterly Review of Economics & Finance, the Journal of International Money & Finance, the Journal of International Finance & Economics, and Economic Modelling. He has also authored and edited books including Emerging Markets and the Global Economy: A Handbook (Elsevier), The Dynamics of Emerging Stock Markets: Empirical Assessments and Implications (Springer) and Intégration internationale et évaluation des actifs financiers (Hermès).

Prof. Arouri has been an Individual Consultant for various known commercial and development banks, firms and international organizations including the African Development Bank (AfDB), The United Nations Development Programme (UNDP), the International Monetary Fund (IMF), and the United Nations University’s World Institute for Development Economics Research (UN-WIDER). His international work experiences include Africa, Asia and Europe. He has managed projects at different levels and provides advice and technical supports to various countries and organizations.

 

Selected recent publications:

Journal articles:

CSR Performance and the Value of Cash Holdings: International Evidence, co-authored with G. Pijourlet. Journal of Business Ethics, 14(2), 263-284, 2017 (CNRS 2, FT).

Natural Disasters, Household Welfare and Resilience, with Ben Youssef and Cuong Viet Nguyen, World Development, 70, 59-77, 2015. (CNRS 1)

What Can We Tell about Monetary Policy Synchronization and Interdependence over the 2007-2009 Global Financial Crisis?, Nguyen D, Jawadi F., Journal of Macroeconomics, 36, 175-187, 2013(CNRS 2)

Equity Risk Premium and Regional Integration, with Rault and Teulon  International Review of Financial Analysis , 28, June 79-85, 2013. (CNRS 3)

An International CAPM for Partially Integrated Markets: Theory and Empirical Evidence. Co-authored with Nguyen DK & K. Pukthuanthong. Journal of Banking and Finance, 36, No. 9, 2473-2493, 2012 (FNEGE 1).

Does crude oil move stock markets in Europe? A sector analysis. Economic Modeling. 2012.   (CNRS 2)

Environmental Regulation and Competitiveness: Evidence from Romania, with Rault , Sova & Caporale, Ecological Economics, 81, 2012, 130-139. (CNRS 1)

Stock Returns and Oil Price Changes in Europe: A Sector Analysis, The Manchester School, 80, 2, 237-267, 2012. (CNRS 3)

Modeling Nonlinear and Heterogeneous Dynamic Linkages in International Monetary Markets. Nguyen D., Jawadi F., Macroeconomic Dynamics, 6, S2, 232-251, 2012. (CNRS 2)

Volatility spillovers between oil prices and stock sector returns: implications for portfolio management, with J. Jouini & D. Nguyen, Journal of International Money and Finance, 30, 7, 1387-1405, 2011. (CNRS 2)

Oil Prices, Stock Markets and Portfolio Investment: Evidence from Sector Analysis in Europe over the Last Decade, Co-authored with D.K. Nguyen,  Energy Policy, 38(8), 4528-4539, 2010. (CNRS 2)

World Stock Markets Integration: Tests and Impacts on Portfolio Diversification, Annals Of Economics & Statistics /Annales d’Economie et Statistiques, 85, 189-218, 2007. (CNRS 2)

La prime de risque dans un cadre international: le risque de change est-il apprécié?,  Revue Finance, vol. 27, n°1, pp. 131-170, 2006. (CNRS 2)

 

Books:

Emerging Markets and the Global Economy: A Handbook, Co-edited with Boubaker S. and DK. Nguyen, Elsevier, 2013.

The Dynamics of Emerging Stock Markets: Empirical Assessments and Implications, Contributions to Management Science, Co-authored, Springer, 2010.

Intégration internationale et évaluation des actifs financiers, Co-écrit, Hermès, 2010

 

Working paper series:

“Effects of urbanization on economic growth and human capital formation in Africa”, Harvard University, PGDA Working Paper No. 119. September 2014. 

“Ethnic and racial disparities in children’s education”, United Nations University, WIDER Working Paper 2016/87

“Does Urbanization Help Poverty Reduction in Rural Areas? Evidence from Vietnam”, Harvard University, PGDA Working Paper No. 115. July 2014. 


"Equity Risk Premium and Regional Integration," CESifo Working Paper Series 4158, CESifo Group Munich, 2012

"Energy Consumption, Economic Growth and CO2 Emissions in Middle East and North African Countries," IZA Discussion Papers 6412, Institute for the Study of Labor (IZA), 2012