Dr. Omrane Guedhami is the C. Russell Hill professor and professor of international finance at the Darla Moore School of Business at the University of South Carolina. He has been the coordinating director of the Ph.D. program in international finance since 2008. Dr. Guedhami earned his M.Sc. in finance from HEC Montreal in 1998, and 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 publication record includes more than 120 peer-reviewed articles published in leading academic journals (e.g., 42 articles in Financial Times’ Top 50 Journals List), including the Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Management Science, Contemporary Accounting Research, Review of Finance, Journal of International Business Studies, Accounting, Organization, and Society, and Journal of Business Ethics, among others. His research is influential and widely cited. He has more than 18,000 Google Scholar citations.
He has received numerous 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 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), 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. Recognizing his substantive contributions, in 2019 he received the Journal of International Business Studies Silver Medal. Recently, he was identified as a “Top Journal of Corporate Finance Author” between 1994 and 2018. His research is funded by Canada’s Social Sciences and Humanities Research Council and he has served multiple times on its adjudication committee. He was voted Professor of the Year in 2005, 2013, and 2020.
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 regularly organizes high-quality conferences, guest edits special issues, serves as a track-chair at major conferences (e.g., Academy of International Business meeting, Eastern Finance Association meeting), is a member of editorial boards of major journals, such as the Journal of International Business Studies, and was an Associate Editor at the Journal of Corporate Finance.
He is currently an Editor for Contemporary Accounting Research, Journal of Business Ethics, Corporate Governance: An International Review, Journal of International Accounting Research, Emerging Markets Review, and Consulting Editor for the Journal of International Business Studies.
Bae, K.H., El Ghoul, S., Gong, Z. and Guedhami, O. forthcoming. In the CEO We Trust: Negative Effects of Trust Between the Board and the CEO, Journal of Financial and Quantitative Analysis.
Contrary to conventional wisdom, we find that firms with higher levels of board–CEO trust exhibit poor M&A performance.
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.