Doctor Walid Bakry

School of Business Financial Training Laboratory - Academic Lead,
Economics, Finance & Property

Lecturer,
Economics, Finance & Property

Biography
Contact
Publications
Projects
Supervision
Teaching
Media

Biography

Dr Walid Bakry is a lecturer in finance and the Financial Training Lab Academic lead at the Western Sydney University (WSU). Walid holds a PhD in Finance from WSU, a Master of Science in Finance from Louisiana State University, and an MBA from Alexandria, Egypt. He also held an Adjunct academic position internationally. Moreover, Dr. Bakry has conducted multiple training and workshops in Australia and provided financial consultation for various private organizations overseas. Dr Bakry has published peer-reviewed papers in internationally reputable finance journals, such as International Review of Financial Analysis, Renewable Energy, Finance Research Letters, Behavioral and Experimental Finance, Research in International Business and Finance, International Journal of Emerging Markets, and Economic Analysis and Policy. His research focuses on Financial Markets Efficiency, Stock Market Volatility, Financial Integration, Cryptocurrencies, Behavioural Finance, Portfolio Diversification, and Islamic Finance.

This information has been contributed by Doctor Bakry.

Qualifications

PhD University of Western Sydney
MSc Louisiana State Uni. and Agr. and Mech. College
BBA Alexandria University
MBA Arab Academy

Professional Memberships

Accounting & Finance Association of Australia and New Zealand (2020 - 2021)
Beta Gamma Sigma Chapter, Louisiana State University, Baton Rouge, LA (1999)
MS Finance Association, Louisiana State University, Baton Rouge, LA (1999)
Egyptian Investment Club, Alexandria, Egypt (2001)
Financial Management Association International, University of South Florida (1999 - 2002)

Awards

University of Western Sydney Vice-Chancellor Excellence Award: Citation for Outstanding Contribution to Student Learning 2013-12-05
University of Technology Sydney: Learning and Teaching Citation 2011-12-15
University of Western Sydney, College of Business Staff Excellence Award for recognition of Excellence teaching 2010-11-04
School of Business 2021 Recognition Program Citation for Leadership. 2021-01-15
School of Business 2021 Recognition Program Citation for Research 2023-02-20

Organisational Unit (School / Division)

Economics, Finance & Property
Economics, Finance & Property

Committees

School of Business Academic Committee
Academic Course Advisor (Postgraduate-Economics and Finance)
Financial Training Lab Academic lead

Contact

Email:	W.Bakry@westernsydney.edu.au
Phone:	(02) 9685 9372
Mobile:
Location:	1.10

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Teaching

Previous Teaching Areas

200488 Corporate Financial Management, 2015
200518 Behavioural Finance, 2019
200910 Financing Enterprises, 2020
51211 International Finance, 2017
51270 Corporate Finance (PG), 2020
60048 Financial Management, 2018
BUSM1010 Financing Enterprises, 2022
BUSM1010 Financing Enterprises, 2023

Publications

Books

Bakry, W. (2016), 'Financing Enterprises 200910', : Pearson 9781488613692.

Chapters in Books

Bakry, W., Kavalmthara, P., Cyril, S. and Liu, Y. (2022), 'Effectiveness of government responses and the role of national culture in addressing the COVID-19 pandemic : a global perspective', Disaster Management and Human Health Risk VII: Reducing Risk, Improving Outcomes, WIT Press 9781784664459.
Gangopadhyay, P., Suwandaru, A. and Bakry, W. (2021), 'On the impacts of globalisation on public employment and human security in India : a long-run analysis', New Frontiers in Conflict Management and Peace Science: With a Focus on Human Security, Emerald Publishing 9781839824272.

Journal Articles

Vuong, T., Nguyen, P., Bakry, W., Bakry, W. and Nguyen, H. (2024), 'Stock return volatility and financial distress : moderating roles of ownership structure, managerial ability, and financial constraints', International Review of Economics & Finance, vol 91 , pp 634 - 652.
Bugshan, A., Bakry, W. and Li, Y. (2023), 'Oil price volatility and firm profitability : an empirical analysis of Shariah-compliant and non-Shariah-compliant firms', International Journal of Emerging Markets, vol 18, no 5 , pp 1147 - 1167.
Rashid, A., Bakry, W. and Al Mohamad, S. (2023), 'Are cryptocurrencies a future safe haven for investors? : the case of Bitcoin', Economic Research-Ekonomska Istrazivanja, vol 36, no 2 .
Khaki, A., Prasad, M., Al-Mohamad, S., Bakry, W. and Vo, X. (2023), 'Re-evaluating portfolio diversification and design using cryptocurrencies : are decentralized cryptocurrencies enough?', Research in International Business and Finance, vol 64 .
Jreisat, A., Al Mohamad, S., Khaki, A. and Bakry, W. (2023), 'The impact of Ukrainian crisis on the connectedness of stock index in Asian economies', Emerging Science Journal, vol 7, no 2 , pp 354 - 365.
Bakry, W., Mallik, G., Nghiem, X., Sinha, A. and Vo, X. (2023), 'Is green finance really "green"? : examining the long-run relationship between green finance, renewable energy and environmental performance in developing countries', Renewable Energy, vol 208 , pp 341 - 355.
Nguyen, H., Bakry, W. and Vuong, T. (2023), 'COVID-19 pandemic and herd behavior : evidence from a frontier market', Journal of Behavioral and Experimental Finance, vol 38 .
Bakry, W., Nghiem, X., Farouk, S. and Vo, X. (2023), 'Does it hurt or help? : revisiting the effects of ICT on economic growth and energy consumption : a nonlinear panel ARDL approach', Economic Analysis and Policy, vol 78 , pp 597 - 617.
Nghiem, X., Bakry, W., Al-Malkawi, H. and Farouk, S. (2023), 'Does technological progress make OECD countries greener? : new evidence from panel CS-ARDL', Management of Environmental Quality, vol 34, no 6 , pp 1555 - 1579.
Bugshan, A. and Bakry, W. (2023), '[In Press] Does being Shariah-compliant affect capital structure decision : evidence from emerging markets', Journal of Islamic Accounting and Business Research, .
Bakry, W., Kavalmthara, P., Saverimuttu, V., Liu, Y. and Cyril, S. (2022), 'Response of stock market volatility to COVID-19 announcements and stringency measures : a comparison of developed and emerging markets', Finance Research Letters, vol 46, no Part A .
Alnori, F., Bugshan, A. and Bakry, W. (2022), 'The determinants of corporate cash holdings : evidence from Shariah-compliant and non-Shariah-compliant corporations', Managerial Finance, vol 48, no 3 , pp 429 - 450.
Gangopadhyay, P., Jain, S., Jain, S. and Bakry, W. (2022), 'In search of a rational foundation for the massive IT boom in the Australian banking industry : can the IT boom really drive relationship banking?', International Review of Financial Analysis, vol 82, no 102148 .
Jreisat, A., Rabbani , M., Omran, S., Al Mohamad, S. and Bakry, W. (2022), 'An examination of the banking efficiency of the BRICS countries : a perspective derived from the oil price volatility', Cogent Economics & Finance, vol 10, no 1 .
Bugshan, A., Alnori, F. and Bakry, W. (2021), 'Shariah compliance and corporate cash holdings', Research in International Business and Finance, vol 56 .
Truong , Q., Tran , Q., Bakry, W., Nguyen, D. and Al Mohamad, S. (2021), 'Football sentiment and stock market returns : evidence from a frontier market', Journal of Behavioral and Experimental Finance, vol 30 .
Gunay, S., Bakry, W. and Al Mohamad, S. (2021), 'The Australian stock market's reaction to the first wave of the COVID-19 pandemic and Black Summer Bushfires : a sectoral analysis', Journal of Risk and Financial Management, vol 14, no 4 .
Prasad, M., Bakry, W. and Varua, M. (2021), 'Abnormal volatility in seasoned equity offerings during economic disruptions', Journal of Behavioral and Experimental Finance, vol 30 .
Bakry, W., Rashid, A., Al Mohamad, S. and El-Kanj, N. (2021), 'Bitcoin and portfolio diversification : a portfolio optimization approach', Journal of Risk and Financial Management, vol 14, no 7 .
Al Mohamad, S., Rashid, A., Bakry, W., Jreisat, A. and Vo, X. (2020), 'The impact of BRICS formation on portfolio diversification : empirical evidence from pre- and post-formation eras', Cogent Economics & Finance, vol 8, no 1 .
Prasad, M., Bakry, W. and Varua, M. (2020), 'Examination of information release on return volatility : a market and sectoral analysis', Heliyon, vol 6, no 5 .
Bugshan, A., Lafferty, G., Bakry, W. and Li, Y. (2020), 'Earnings management during the oil price crisis', Journal of Applied Economic Sciences, vol XV, no 2 , pp 297 - 309.
Bakry, W. and Al-Mohamad, S. (2018), 'Further evidence on Middle East and North Africa financial markets integration', International Journal of Economics and Business Research, vol 15, no 1 , pp 1 - 22.
Bakry, W. (2016), ''Beating the market' debate and investor irrationality : a glance from behavioural finance literature', Stockbrokers Monthly, vol November , pp 12 - 15.

Conference Papers

Bakry, W. and Nghiem, X. (2023), 'Can digital finance "green" the economy? : evidence from developing economies', International Conference on Business & Finance, Ho Chi Minh City, Vietnam.
Bakry, W., Nghiem, X., Farouk, S. and Al-Malkawi, H. (2022), 'Does technological progress help mitigate environmental pollution in high-tech countries? : evidence from a CS-ARDL framework', International Conference on Business & Finance , Ho Chi Minh City, Vietnam.
Truong, Q., Tran, Q., Bakry, W., Nguyen, D. and Al Mohamad, S. (2020), 'Football sentiment and stock market returns : evidence from a frontier market', International Conference on Business & Finance, Ho Chi Minh City, Vietnam.
Al Mohamad, S., Rashid, A., Bakry, W. and Jreisat, A. (2019), 'The impact of BRICS formation on portfolio diversification : empirical evidence from pre- and post-formation eras', International Conference on Business & Finance, Ho Chi Minh City, Vietnam.
Prasad, M., Bakry, W. and Varua, M. (2019), 'Examination of information release on return volatility : a market and sectoral analysis', Auckland Centre for Financial Research. Annual Meeting, Auckland, N.Z..
Bakry, W. and Al-Mohamad, S. (2017), 'Further evidence on Middle East and North Africa (MENA) financial markets integration', Business & Economics Society International. Conference, Abu Dhabi, United Arab Emirates.

Other Publications

2017, 'Therapeutic Health Corporation: Business Report', Report

Dr Bakry research focuses on Financial Markets Efficiency, Stock Market Volatility, Financial Integration, Cryptocurrencies, Portfolio Diversification, Behavioural Finance, and Islamic Finance.