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Wael Abdallah

  • Position: Assistant Professor, Finance
  • Department: Heikal Department of Management
  • Email: [email protected]
Brief Biography

Wael Abdallah is an assistant professor of finance at The American University in Cairo’s (AUC) Onsi Sawiris School of Business, where he teaches at the undergraduate and postgraduate levels. His research interests include corporate finance, investment analysis, international finance, bank financial strength ratings, credit risk management in financial institutions and derivatives.

Abdallah is active in delivering training modules and providing technical consultation for senior corporate managers and associate investment bankers in local and multinational firms and banks, including CIB, CI Capital and the Chamber of Information Technology and Telecommunication (CIT). He is a prolific writer and a regular participant in international conferences, seminars and workshops. His expertise includes non-parametric modeling techniques such as neural networks, CHAID and CART, as well as econometric methods including instrumental variables regression, two-stage least squares, First Difference Generalized Method of Moments (GMM), level GMM and system GMM.

He is a non-executive board member and head of the Governance and Audit Committee at Beltone Financial Holding in Egypt. He also serves on the supervisory committee of two mutual funds operated by the Azimut portfolio management team: the Opportunity Equity Fund and the Menthum Money Market Fund. Abdallah earned his PhD from the University of Salford, United Kingdom.

In 2024, Abdallah served as faculty advisor for the AUC team in the CFA Research Challenge. Competing against 25 Egyptian universities, the team won first place nationally under his mentorship. The team went on to represent AUC for the first time in its history at the MENA Regional Societies Research Challenge in Abu Dhabi, where they competed against universities from nine countries and secured first place. This achievement highlighted Abdallah’s mentorship and his commitment to fostering excellence in finance.

He is also co-founder of Finomics, a competition designed to provide students with practical experience in the stock market and regulatory frameworks. His leadership was instrumental in securing partnerships with six corporate entities to support the initiative and in implementing a prize structure that recognizes and rewards top performers across categories.

Research Interest
  • Banking
  • Corporate finance
  • Investment
  • International finance
Courses
  • FINC 303: Business Finance
  • FINC 404: Investment Analysis 
  • FINC 414: Corporate Finance
  • FINC 5351: Advanced Corporate Finance (MBA)
  • FINC 5202: Financial Management ( MBA)
  • Abdallah, W.M. (2024), Unraveling Market Dynamics: Assessing the Diverse Impact of Terrorism on Sectoral Equity Values in the MENA Region, International Journal of Business and Economics, forthcoming.
  • Sami, M. and Abdallah, W.M. (2024), Riding the Crypto Wave: How Does Country R&D Spending Respond?, Global Knowledge, Memory and Communication, forthcoming. 
  • Sami, M. and Abdallah, W.M. (2023), How does Knowledge Spur the Productivity of Private Egyptian Firms? An Instrumental Variable Approach, Global Knowledge, Memory and Communication, 72(8/9).pp.936-952. 
  • Sami, M. and Abdallah, W.M. (2022) How does Knowledge Spur the Productivity of Private Egyptian Firms? An Instrumental Variable Approach, Global Knowledge, Memory and Communication, Vol. ahead-of-print No. ahead-of- print.
  • Sami, M. and Abdallah, W.M. (2022) Does Cryptocurrency Hurt African Firms?. Risks, 10 (3).pp. 1-18.
  • Sami, M. and Abdallah, W.M. (2021) Assessing the Impact of Dividend Policy on the Sustainability of Distressed Firms, Journal of Modelling in Management, forthcoming
  • Sami, M. and Abdallah, W.M. (2020) How does the cryptocurrency market affect the stock market performance in the MENA region?Journal of Economic and Administrative Sciences, forthcoming 
  • Sami, M. and Abdallah, W.M. (2020) Cryptocurrency and Stock Markets: Complements or Substitutes? Evidence from Gulf Countries, Applied Finance Letters, Vol. 9, pp. 25-35 
  • Abdou, H.A , Abdallah, W.M, Mulkeen, J., Ntim, C. and Wang, Y. (2017) Prediction of Financial Strength Ratings using Machine Learning and Conventional Techniques, Investment Management and Financial Innovations, 14 (4), pp. 1-18
  • Eldomiaty, T., Azzam, I., El Din, M., Abdallah, W.M and Mohamed, Z. (2017) An Empirical Assessment of The Reality of Pecking Order Theory, Research in Finance, Vol. 33, pp. 43-72
  • Eldomiaty, T., Abdallah, W.M and Attia, O, (2016) Empiricism of Corporate Debt Safe Buffer, Advances in Financial Planning and Forecasting, Vol. 11, Forthcoming
  •  Eldomiaty, T., Fikri, A., Abdallah, W.M and Hesham, H. (2015) The Financial Determinants of Operating Efficiency for Low and High Competitive Banks in Egypt, Journal of Finance and Bank Management, 3(2), pp. 7-23
  • Eldomiaty, T., Attia, O, Abdallah, W.M and Kamal,M. (2015) How Do Managers Manage Dividend Growth Rates?, Research in Finance, Vol. 31, pp. 105 – 134
  • Eldomiaty, T., Ismail, M.A. and Abdallah, W.M (2012) Testing A Potential Signaling of Capital Structure Decisions in Transitional Market: Subset Model Selection Approach, Advances in Quantitative Analysis of Finance and Accounting, 10 (1), pp. 255-283
  • Abdallah, W.M, Eldomiaty, T. and Abdou, H.A. (2011) The Effect of Bank Capital Structure and Financial Indicators on CI’s Financial Strength Ratings: The Case of The Middle East, Banks and Bank Systems, 6(3), pp. 5-15
  • Eldomiaty, T., Charara, S. and Abdallah, W.M (2011) Monitoring the Systematic and Unsystematic Risk in Dubai General Index Do Financial Fundamentals Help? Journal of Emerging Market Finance, 10(3), pp. 285-310
  • Distress firms and Cherry Dividends: Evidence from New York Stock Exchange (NYSE), with Mina Ayad