Aliaa Bassiouny

Aliaa Bassiouny is the Lawrence Term Professor of Finance and the faculty advisor to the Williams Investment Society (WIS). Prior to joining W&L, she served as faculty member and Chair of the Department of Management at the American University in Cairo (AUC). Bassiouny’s teaching portfolio at W&L includes courses in managerial finance, investments and multinational business finance. She believes in an interactive teaching pedagogy that relies on experiential learning by incorporating case studies, simulations and hands on training. In her teaching, she draws on her extensive experience designing and delivering executive education programs and executive-MBA course work in corporate finance, valuation, and financial modeling to business executives, entrepreneurs, real estate and investment professionals. She was also lead finance trainer for the Venture-lab and Goldman Sachs 10,000 Women program at AUC. Bassiouny’s research focuses on examining issues related to trading and investments in international financial markets. Her work has been published in peer-reviewed international finance journals including Journal of International Financial Markets, Institutions and Money; International Review of Financial Analysis; Global Finance Journal; Applied Economics Letters and Emerging Markets Finance and Trade. She serves on the editorial board of the Journal of Multinational Financial Management. On the professional front, Bassiouny currently serves as a Non-Executive Board member for Orascom Development Egypt (ODE), a publicly listed company that is a leading developer of fully integrated towns and communities in Egypt, where she also serves as the Chair of the Audit and Risk Management committee of the board. Her portfolio of professional experience also includes past consulting engagements for various private and public entities in the fields of financial services, development, real estate and venture capital. Bassiouny earned a Master of Research and a Ph.D. in Management Sciences, with a finance specialization, from ESADE Business School in Barcelona, Spain. Her bachelor’s and master’s in business administration, both with a concentration in finance, are from the American University in Cairo.

Education

• Ph.D. Management Sciences: Finance, ESADE Business School (2012)
• Master of Research (MRes), ESADE Business School (2009)
• Masters of Business Administration (MBA), The American University in Cairo (2005)
• Bachelor of Business Administration (BBA), The American University in Cairo (2003)

Research

• International Financial Markets
• Investments
• Empirical Market Microstructure
• Emerging Markets

Teaching

• FIN 221 Managerial Finance
• FIN 357 Multinational Business Finance
• FIN 359 Investments

Selected Publications

• Bassiouny, Aliaa, Mariam Kiryakos, and Eskandar Tooma. “Examining the adaptive market hypothesis with calendar effects: International evidence and the impact of COVID-19.” Global Finance Journal 56 (2023): 100777.
  
  
• Bassiouny, Aliaa, and Eskandar Tooma. “Intraday indirect arbitrage between European index ETFs.” International review of financial analysis 75 (2021): 101737.
  
  
• Bassiouny, Aliaa, and Eskandar Tooma. “Extracting shadow exchange rates and foreign exchange premia during currency crises: an example from Egypt.” Applied Economics Letters 26.1 (2019): 32-36.
  
  
• Bassiouny, Aliaa, and Eskandar Tooma. “Trading Better Versus Making More: Evidence from an Emerging Market.” Emerging Markets Finance and Trade 53.8 (2017): 1779-1795.
  
  
• Bassiouny, Aliaa, and Eskandar Tooma. “The effect of political uprisings on the location of price discovery: Evidence from Egyptian cross-listed equities.” Emerging Markets Finance and Trade 50.5 (2014): 111-125.
  
  
• Ansotegui, Carmen, Aliaa Bassiouny, and Eskandar Tooma. “The proof is in the pudding: Arbitrage is possible in limited emerging markets.” Journal of International Financial Markets, Institutions and Money 23 (2013): 342-357.