Dr. Omrane Guedhami is a Moore Research Fellow and a Professor of International Finance at the Moore School of Business at the University of South Carolina. Dr. Guedhami earned his M.Sc. in finance from HEC Montreal in 1998 and received his Ph.D. in finance from Laval University in 2003.
Dr. Guedhami’s research interests are international, covering corporate governance, privatization, national culture, and corporate social responsibility. Specifically, his research examines the determinants of postprivatization performance changes, the impact of privatization on corporate governance and ownership structure, the determinants of ownership structure of newly privatized and public firms, and the role of large blockholders and tax enforcement in corporate governance. His research on corporate social responsibility (CSR) focuses on the determinants and economic consequences of firms’ CSR initiatives. His research has been published in leading academic journals such as the Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Accounting Research, the Journal of Accounting and Economics, Management Science, Contemporary Accounting Research, Review of Finance, Journal of International Business Studies, Accounting, Organization, and Society, Journal of Business Ethics, among others.
He received several research distinctions and prestigious awards, including the 2003 Best Dissertation in International Finance Case Award sponsored by Indiana University Center for International Business Education and Research and Financial Management Association International, the Best Paper Award in International Finance at the 2007 Eastern Finance Association Meeting, the 2011 Moskowitz Prize for Socially Responsible Investing (Center for Responsible Business, Haas School of Business, University of California, Berkeley), the Best Paper Award at the 2011 China Goes Global Conference (Harvard Kennedy School), the Best Paper Award in Financial Institutions at the 2012 Southwestern Finance Association Conference, the Outstanding Paper Award “Collectivism and Corruption in Bank Lending”, the Outstanding Paper Award at the 2012 and 2013 International Conference on Asia-Pacific Financial Markets, and the 2015 Emerald Citations of Excellence Award. In April 2011, he received the Rising Star Award from the Office of Research at the University of South Carolina. His research is funded by Canada’s Social Sciences and Humanities Research Council.
Dr. Guedhami taught at Laval University and Memorial University of Newfoundland before joining the Moore School of Business in 2007. He teaches financial management, investments, international corporate governance, and international finance at the undergraduate, graduate and doctoral levels. He was voted Finance Professor of the Year in 2005 and MIB Professor of the Year in 2013. He is currently the coordinating director of the Ph.D. program in International Finance.
Dr. Guedhami is a member of the editorial boards of major journals, such as Contemporary Accounting Research and the Journal of International Business Studies, and is currently serving as Editor at the Journal of Business Ethics, Corporate Governance: An International Review, Emerging Markets Review, and Associate Editor of the Journal of Corporate Finance, Journal of Financial Stability, the Journal of International Accounting Research, and the Journal of Applied Accounting Research.
Berger, A., El Ghoul, S., Guedhami, O. and Roman, R. 2017. Internationalization and Bank Risk, Management Science. SSRN
Using U.S. bank data, we find a positive relation between internationalization and bank risk. This positive relation is more pronounced in banks that are more likely to suffer from agency problems related to poor corporate Governance.
El Ghoul, S., Guedhami, O. and Yongtae, K. 2017. Country-Level Institutions, Firm Value, and the Role of Corporate Social Responsibility Initiatives, Journal of International Business Studies. SSRN
Based on transaction cost theories and the resource-based view of a firm, we posit that corporate social responsibility improves a firm’s competitive advantages by reducing transaction costs, thereby facilitating access to resources when market-supporting institutions are weak. Our empirical results are consistent with this prediction.
Griffin, D., Guedhami, O., Kwok, C., Li, K. and Shao, L. 2017. National Culture: The Missing Country-Level Determinants of International Corporate Governance. Journal of International Business Studies. SSRN
We introduce a new framework to explain firm-level corporate governance practices (CG) and show that national culture is an important determinant of the variation in CG.