Applied Finance, Property and Economic Development

Abu Dhabi University Global Engagement Program Group

Background:
In 2021, Walid Bakry joined the Abu Dhabi university global engagement program and his research team successfully secured internal funding of USD 10,000 by being successful in the Abu Dhabi university annual funding competition in support of high-quality and impactful research. Currently, two papers from that grant are submitted to Q1 journals and both are under revision.

Researchers:
Dr Walid Bakry

External Research Partners:
Professor Sherine Farouk | Associate Provost of Academic Projects, College of Business, Abu Dhabi University
Dr Xuan-Hoa Nghiem | Faculty of Economics and Management, International School, Vietnam National University, Hanoi, Vietnam

Current Research Projects:
Does technological progress makes OECD countries greener? New evidence from panel CS-ARDL

Asia Pacific Economic and Financial Development

Background:
This research group was formed in 2008. Several colleagues from economics and finance group, as well as some colleagues from other disciplines of SoB and the post graduate students are the participants of this group. A number of collaborative research outputs and outcomes have been realised from the discussions on the various economic, finance and management issues in the Asia Pacific region.

Researchers:
Kingsley Agho | School of Health Science
Nichole Georgeou | Humanitarian and Development Research Initiative (HADRI)

External Research Partners:
Professor Frank W. Agbola | College of Human and Social Future, University of Newcastle
Dr Gazi Hassan | University of Waikato
Dr Zaira Adnan | The Millennium Universal College, Pakistan

Current Research Projects:
Institutional Quality and remittances flow to the developing countries
Remittances, economic development and educational attainment

Finance and Investment Group

Background:
The group will focus on the following research areas:

• Empirical Asset Pricing
• Asset Allocation
• Behavioral Finance
• Culture Finance
• Climate Finance

Researchers:

• Associate Professor Anil Mishra
• Associate Professor Girijasankar Mallik
• Dr Jufri Marzuki
• Dr Mohammadreza Tavakoli Baghdadabad

External Research Partners:

• Dr Thao Tran | International School of Business, UEH, Vietnam
• Dr Le Anh Tuan | International School of Business, UEH, Vietnam

Selected Publications:

1. Tavakoli Baghdadabad M., Mallik G (2025) Breaking down value: a novel method, Empirical Economics, 1-59
2. Tavakoli Baghdadabad M. and Mallik G. (2025) Dissecting the Value Premium: A Novel Market-To-Book Decomposition, Journal of Portfolio Management, Vol 51(3), 100-129 http://doi: 10.3905/jpm.2024.1.651.
3. Mallik, G., Nguyen, D.-N. and Chowdhury, A. (2022) Does firm size really affect the outcome of loan applications?. Economic Analysis and Policy, 74 (June), 806-820. doi: https://doi.org/10.1016/j.eap.2022.04.004.
4. Marzuki, J., Newell, G. (2026) The investment opportunity in Australian retail property: A post-pandemic perspective. Journal of Property Investment and Finance (in press).
5. Lin, Y.C., Marzuki, J., Lee, C.L. (2026) Portfolio asset allocation strategy for US unlisted sector-specific real estate across interest rate cycles. Buildings, Vol. 16 No. 2, Article 308.
6. Tavakoli Baghdadabad M. (2024) Expected idiosyncratic entropy. China Accounting and Finance Review. 26, 2, p. 137-169. Level A
7. Tavakoli Baghdadabad M., Mallik G (2021) Market news co-moments and currency returns. Empirical Economics 61, 4, p. 1819-1863 45 Q1, Level A. Impact Factor: 1.9
8. Mishra, A.V. & Anwar, S. (2026) Cost of home bias in international equity investment, International Review of Economics and Finance, 106, 10489.
9. Le, A.-T., Tran, T. P. & Mishra, A. V., (2023). Climate risk and bank stability: International evidence, Journal of Multinational Financial Management, 70-71, 100824.
10. Gupta, N., Mishra, A.V., Jacob, J. (2022). Prospect Theory Preferences and Global Mutual Fund Flows, Journal of International Money and Finance, 125, 1-21.
11. Mishra, A.V. (2015). Measures of equity home bias puzzle, Journal of Empirical Finance, 34, 293-312.

Property and Urban Economics

Background:
This multidisciplinary research group, with a focus on property economics and urban studies, explores the dynamics of residential and commercial property markets, alongside environmental, political, and social issues in urban areas. Comprised of experts in property investment, property economics, property valuation, environmental economics, political economics, town planning, and applied finance, the group aims to comprehensively analyze and address urban challenges. The research team is under the leadership of Associate Professor Hassan Gholipour Fereidouni.

WSU Researchers:
Associate Professor Hassan Gholipour Fereidouni (Lead)
Associate Professor Maria Estela Varua
Dr Sharon Yam
Dr Kamel Taoum
Dr Jufri Marzuki
Dr Mohammadreza Tavakoli Baghdadabad

External Research Partners:
Professor Mohammad Reza Farzanegan | Philipps-Universität Marburg, Germany
Associate Professor Muhammad Najib Razali | Universiti Teknologi Malaysia (UTM), Malaysia
Associate Professor Reza Tajaddini | Swinburne University of Technology, Australia
Associate Professor Amir Arjomandi | University of Wollongong, Australia
Dr Mustapha Bangura | University of Technology Sydney, Australia