Said Elfakhani

SAID ELFAKHANI

PERSONAL DATA

Business Address: S. Olayan School of Business American University of Beirut P. O. Box 11-0236 Beirut, Lebanon Tel: +961-01-374374 Ext: 3723 Cell (Lebanon): +961-3-863-413 New York Office: 3 Dag Hammarskjold Plaza, 8th Floor New York, NY 10017-2303 USA Tel: 1-212-583-7600; Fax: 1-212-583-7650 Email: [email protected] AUB URL Site: http://www.aub.edu.lb/osb/publicprofile/Pages/profile. aspx?memberID=se01 Google Scholar URL: http://scholar.google.com/citations?view_op=new_ group&hl=en&nun=Said+Elfakhani&nua=Professor+of +Finance+at+the+American+University+of+Beirut&nuv e=se01%40aub.edu.lb&nui=Corporate+Finance,+Invest ments+and+Portfolio+Management,+Islamic+Finance& nuh=http://www.aub.edu.lb/osb/publicprofile/Pages/profi le.aspx%3FmemberID%3Dse01+&imq=author:%22Said +Elfakhani%22&authorid=17771674886394873598 ResearchGate: https://www.researchgate.net/profile/Said_Elfakhani? sg=ysTkpx3V3U%2B0Qd%2FEglaOsS1GWoKQykWM YumQF%2FNAs%2FJErDfc79RO%2FDKvlRTZ5FfRjd 3YJyPh0Prh%2BAOZalGm0Q%3D%3D MSFT Academic Search: http://academic.research.microsoft.com/Search? query=Said%20Elfakhani Linkedin URL: https://www.linkedin.com/pub/said-elfakhani/54/803/3b9 SSRN URL: http://ssrn.com/author=89669 Nationality: Canadian Citizen Ethnicity: Lebanese Origin Marital Status: Married and Have Four Children

CAREER OBJECTIVES

To attain a high level of achievement in finance particularly in strategic hotspots around which I have built unique expertise through quality research and teaching activities at a recognized university.

Teaching Interests: Corporate finance policies and theories, international finance, international business, investment and portfolio management, cases in finance, entrepreneurial finance, risk management, derivatives securities, and asset and liability management, at both the graduate and undergraduate levels. Research Interests: Corporate finance, Islamic finance, international finance, investment, derivative securities, and financial reporting and corporate governance in accounting; in particular, emerging markets, performance of Islamic mutual funds, market anomalies and disturbances, dividend policy and signaling, derivatives applications in corporate finance, IFRS and auditing fees.

ACADEMIC CREDENTIALS

Doctor of Philosophy, Finance Major, University of Texas at Dallas, Richardson, Texas, 1989, (Statistics and Research Methods Minor). Dissertation Topic: "Dividend Policy Puzzle: The Information Effect and a New Version of the Signalling Theory." Supervisor: Professor Larry J. Merville. Master of Science, Finance Major, University of Texas at Dallas, Richardson, Texas, 1987. Master in Business Administration, Concentration in Accounting, University of Texas at Arlington, Arlington, Texas, 1984. Bachelor of Business Administration (Honors list), Concentration in Finance and Accounting, Lebanese University, Beirut, Lebanon, 1979.

OTHER CREDENTIALS

A Holder of the Certificate in Financial Planning, 1998. Candidate for the Chartered Financial Analyst (CFA) Designation. Passed Levels I and II.

BUSINESS WORK EXPERIENCE

2003-2020: Co-owned Three Real Estate Construction Projects. 1988-2003: Partner (Silent) in a Minimarket Grocery Store. 1984: Worked Six Months for Farouki & Co. (CPA Firm) as an Assistant Accountant. 1970-1982: Manager of a Family Restaurant, Beirut, Lebanon.

BUSINESS CONSULTING EXPERIENCE

9. Invited to serve as the External Reviewer for finance program at the Gulf University in Bahrain, July 2018. 8. Mentored five business plans and feasibility studies prepared by 20 middle managers within Bank Audi Management Development Program (AMP), Beirut, April- December, 2016. 7. Mentored the initiation of five business plans and feasibility studies prepared by 21 middle and senior managers within Sukleen Management Development Program (SMDP), Beirut, April-June, 2015. 6. Member of the Seven-Expert Team Formed by HE Prime Minister Najib Mikati to Establish a Plan for Lebanon Development, May-June 2005. The team laid the ground for Beirut Pact proposal made to World Bank in June 2005. 5. Member of the REP-AUB Team Consulting the Central Bank of Kuwait - Institute of Banking Studies, 2004-2005.

2 Elfakhani, Said / June 2020 4. Co-Manager of the REP-AUB Team Bidding along with CONSER and LOUIS Berger Consulting Companies on the “Preliminary Study of Dubai Rail Project,” November 2002. 3. Member of the REP-AUB Team consulting Kettaneh Group, 2000-2001. 2. Project Leader Designated by REP-AUB, Introducing Best Practices to Expand Economic Opportunity in Lebanon, 2000. 1. Provided supervision to the Business Consulting Services at the University of Saskatchewan, 1991-1997.

ADMINISTRATIVE/LEADERSHIP EXPERIENCE

2018-Present: Associate Dean for Programs, Suliman S. Olayan School of Business (OSB), American University of Beirut, Beirut, Lebanon. Effective June 1, 2018. 2017-2018: Associate Dean for Executive and Continuing Education, Suliman S. Olayan School of Business (OSB), American University of Beirut, Beirut, Lebanon. Effective November 3, 2017. 2017-2018: Convener, Track of Finance, Accounting and Managerial Economics (FAME), OSB, American University of Beirut, Beirut, Lebanon, August 2017-July 2018. 2011-2013: Dean, School of Business, Lebanese American University (LAU), Beirut, Lebanon, October 2011-June 2013. 2000-2007: Associate Dean, Suliman S. Olayan School of Business (OSB), American University of Beirut, Beirut, Lebanon. Effective September 1, 2000, until January 2007. 2000-2005: Convener, Track of Accounting, Finance and Managerial Economics (previously called Finance and Accounting), OSB, American University of Beirut, Beirut, Lebanon. 2003-2007: University Academic Overseer (Equivalent to Acting Provost), Dhofar University, Oman, September 2005-January 2007 Served as Acting President, Dhofar University, Oman, on several occasions between September 2004 and June 2005 Overseer (Equivalent to Acting Dean), College of Commerce and Business Administration, Dhofar University, Oman, September 2004-June 2005. 2004-2005: Overseer, Certificate of Insurance Program, Regional External Program, OSB, American University of Beirut, Beirut, Lebanon.

ACADEMIC EXPERIENCE

American University of Beirut (AUB), Lebanon

2014-Present: Professor of Finance, Suliman S. Olayan School of Business (OSB), Effective August 2014. 2008-2009: On Unpaid Leave from the American University of Beirut, January 2008 until January 2009. 1999-2008: Professor of Finance, Suliman S. Olayan School of Business (OSB), Effective September 1999.

3 Elfakhani, Said / June 2020 Lebanese American University (LAU), Lebanon

June 2013- September 2014: Professor of Finance, Department of Finance and Accounting. Oct 2011-June 2013: Dean, School of Business Saginaw Valley State University (SVSU), USA

2008-2011 Harvey Randall Wickes Endowed Chair in International Business, Sep. 2008- Aug. 2011.

University of Saskatchewan - Canada

1988 – 1999: Professor of Finance, Department of Finance and Management Science, Saskatoon, Saskatchewan, Canada, Effective July 1998. Associate Professor of Finance, Department of Finance and Management Science. Effective July 1988. Tenured, Department of Finance and Management Science, Effective July 1992.

VISITING/ADJUNCT PROFESSOR EXPERIENCE

2007-2008: Visiting Professor of Finance, Department of Finance and Managerial Economics, School of Management, University of Texas at Dallas, Richardson, TX, (On Sabbatical Leave from the American University of Beirut, January 2007 until December 2007). 2000-2006: Listed as Adjunct Professor, College of Business and Management, EMBA Program, the University of Sharjah, UAE, 2000-2006. 1998- 1999: Visiting Associate Professor of Finance, School of Business, OSB (On Leave of Absence from the University of Saskatchewan). 1997 – 1998: Visiting Associate Professor of Finance, Department of Finance and Economics, Dhahran, King Fahd University of Petroleum and Minerals, Saudi Arabia (On Leave of Absence from the University of Saskatchewan). 1994 – 1995: Visiting Associate Professor of Finance, Department of Management and Finance, Indiana State University, Terre Haute, Indiana (On Sabbatical Leave from the University of Saskatchewan). 1984-1988: Teaching Assistant, the University of Texas at Dallas, Richardson, Texas. Taught three semesters, assisted in research, marked assignments and exams.

ACADEMIC CONSULTING EXPERIENCE THROUGH AUB REP OFFICE

8. Consultant for REP-AUB. Conducted a Feasibility Study/Business Plan for the Establishment of the American University of Sudan (AUSD), December 2017-March 2018. 7. Member of AUB Team to Assess Quality Assurance of the Bahrain College Business Programs. Bahrain, December 2005. 6. Member of AUB Team to Establish Training Programs in Islamic Banking, and Entrepreneurship (Bedayah). Abu-Dhabi, UAE, October 2005. 5. Member of AUB Team to Supervise and Manage Dhofar University, Salalah, Oman, August 2004-2006.

4 Elfakhani, Said / June 2020 4. Member of AUB Team to Guide the Establishment of Dhofar University, Salalah, Oman, December 2003. 3. External Reviewer of the EMBA program at the Sharjah University, November 2004. 2. Member of AUB Team to Evaluate the Sharjah University, November 2001, March 2002, May 2002, and May 2003. 1. Member of AUB Team to Evaluate the First Batch of Graduating Students at the Sharjah University, 2003.

UNIVERSITY/SCHOOL/COLLEGE & ACCREDITATION-RELATED SERVICES

At the American University of Beirut (Lebanon)

AUB Committees Membership Chair, the University Board of Graduate Studies, Sep. 2019-Present. Member, Council of Associate Deans, 2018-Present. Member, the University Academic Continuity Team, 2020-Present. Member, the University E-Learning Operating Team Committee, Spring 2020. Member, the University Due Process Monitor Committee, Spring 2020. Member, the University Due Process Monitor Committee, spring 2019. Member, the University Graduate Council, Sep. 2018-Present. Member, the University Steering Committee for Students Complaints, 2018-Present. Member, the University Graduate Education Task Force, 2018-Present. Member, the University Board of General Education, Sep. 2018-Present. Member, the University Unified Admission Committee, Sep. 2018-Present. Member, the University Employee Benefits Committee, 2018-2019. Member, the University Board of Graduate Studies, Sep. 2018-2019. Member, the University Faculty Load Tenure-Related Task Force, 2017-2019. Member, University Academic Capital Budget Committee (UACBC), 2015-2019. Member, the University Senate, Sep. 2017-Present. Member, the Senate Committee on Faculty Affairs (SCFA), Sep. 2017-Present. Member, the Teaching Effectiveness Tenure-Related Task Force, 2017-2018. Member, the Regional External Programs (REP) Steering Committee, 2016-Present. Member, the OSB Liaison with the Continuing Education Center (CEC), Coordinator of Business Related Certificates, 2016-Present. Member, Recruitment Committee for the Post of AUB Registrar, June-July 2017. Member (Assigned by AUB President), The University Grading Policy Task Force under the Director of Registrar Dr. Moueen Salameh, October 2016-May 2017. Member (Substitute), the University Senate, 2016-2017. Member (Substitute), the Senate Committee on Faculty Affairs (SCFA), 2016-2017. Member, the President Special Ad-Hoc Committee on Exam Cheating, April 2016-2017. Member, the Acting President Special Ad-Hoc Committee on Forgery, Aug-Sep 2015. Member, the University Senate Steering Committee, 2000-2007. Member, the University Senate, 2001-2007. Member, the Admissions Coordination Committee, 2003-2004. Member, The University Unified Admissions Committee, 2004-2007. Member, the University Disciplinary Committee, 2001-2004. Member, the AUB Facility Service Advisory Committee, 2003-2004. Member, the University Admissions Committee (Senate), 2003-2004.

5 Elfakhani, Said / June 2020 Member of the University Task Force on Undergraduate Teaching Excellence, 1999-2001. Other Contributions in this Connection Included: a. Chairperson, Sub-Committee on Establishing a System for Teaching Award. The Teaching Award Is Now an Annual Event at AUB. b. Member, Sub-Committee on Designing Survey of Teaching Practices. c. Member, Sub-Committee on Designing a Web Page on Teaching Excellence at AUB. Member, the Teaching Excellence Award Selection Committee, 2003. Member of the University Financial Aid Committee, 2001-2002. Associate Member of the Center for Advanced Mathematical Sciences (CAMS), May 2000- 2007. Member, The University Task Force on Promotion Criteria and Procedures, June 2001-June 2002. Participated in the University Graduate Studies Committee, 2001.

OSB Committees Membership Chair, the OSB Academic Continuity Team, 2020-Present. Chair, the OSB Faculty Graduate Studies Committee, Sep. 2018-Present. Chair, the OSB Undergraduate Curriculum and Students Academic Affairs Committee, Sep. 2018-Present. Chair, the OSB Undergraduate Admission Committee, Sep. 2018-Present. Chair, the OSB Assurance of Learning Committee (AOL), Dec. 2017-Present. Acting Dean on Several Short Periods, 2017-Present. Co-Chairman, the OSB “EMBA Oversight Committee,” 2017-Spring 2018. Member, the OSB “EMBA Oversight Committee,” Spring 2018-Present. Member, Masters in Finance Curriculum Review Committee, 2018. Member, the OSB Advisory Committee, 2017-August 2018. Member, the OSB Administrative Committee, 2017-Present. Member, OSB Executives Committee, September 2017-Present. Member, Directors Committee, September 2017-Present. Member (non-voting), Graduate Studies Committee, September 2017-August 2018. Member (non-voting), Undergraduate Student Affairs Committee, September 2017 August 2018. Member, Sub-Committee for Conveners, September 2017-2018. Member (Occasional), Director of Master’s Finance Students Interview Committee, 2017-2018. Member of the OSB Committee to examine four cases for reappointment at the full professor rank at the Suliman S. Olayan School of Business, 2017. Member of the OSB Promotion Committee to examine one promotion case to the rank of full professor at the Suliman S. Olayan School of Business, 2016-2017. Member of the OSB Promotion Committee to examine two promotion cases to the rank of associate professor at the Suliman S. Olayan School of Business, 2016-2017. Chair, OSB Task Force for Faculty Work Load, September 2017. Co-Chair, Strategic Planning Events Committee, June 2017. Member, Faculty Guidebook Revision Committee, May 2017. Co-Director (transitional), the EMBA program, May-August 2017. Member, the OSB “EMBA Revamp” Task force, spring 2017. Member, the Reappointment Committee (Four Full Professors), January 2017. Member, the OSB Promotion Committee for Professorial Rank, 2016-2017.

6 Elfakhani, Said / June 2020 Member, the Joint OSB-School of Nursing Committee to Introduce MSN-MBA Degree, 2016- 2017. Member, the OSB “MBA Revitalization” Task force, fall 2016-March 2017. Member, the FAME Track Recruitment Committee, 2016-2017. Represented the Track at EFMD Job Fair Conference. Interviewed four candidates for FAME Track and ten candidates for MME track (along with Dr. Yusuf Sidani). Member, the “Finance Lab Administrator” Recruitment Committee, May 2016. Chair, the FAME Track Ad-Hoc Committee on Proposing the Establishment of “the Institute of Banking and Financial Institution in the Middle East (IBFI),” March-May 2016. Chair, the FAME Track Promotion Committee of Professorial Rank, 2015-2016. Chaired the FAME Track Promotion Committee to examine three promotion cases to the associate professor rank, 2015-2016. Chaired the OSB Committee for the evaluation of one reappointment case at the full professor rank at the Suliman S. Olayan School of Business, 2015. Chaired the OSB Promotion Committee for the evaluation of four promotion cases to the lecturer rank at the Suliman S. Olayan School of Business, 2014-2015. Chaired the FAME Track Promotion Committee to examine three promotion cases to the associate professor rank, 2015-2016. Chaired the OSB Committee for the evaluation of one reappointment case at the full professor rank at the Suliman S. Olayan School of Business, 2015. Chaired the OSB Promotion Committee for the evaluation of four promotion cases to the lecturer rank at the Suliman S. Olayan School of Business, 2014-2015. Co-Chair, the Revision of OSB Recruitment Process Ad-Hoc Committee, February-April 2016 Chair, the OSB Graduate Studies Committee, fall 2015. Member, the OSB Expanded Advisory Committee for Reappointment, November 10, 2015. Acting Dean, August 6-10, October 12-15, and October 26, 2015. Member, the OSB Expanded Administrative Committee, fall 2015. Chair, the OSB Reappointment Committee at the Full Professorial Rank, 2014-2015. Chair, the OSB Promotion Committee of Non-Professorial Rank, 2014-2015. Member, the OSB Faculty Research Committee, 2014-2016. Member, Penrose Award Committee, 2001-2007, 2018-2019. Member, the OSB Strategic Planning Committee, 2005-2007. Member, the Joint OSB-School of Nursing Committee to Introduce MSN-MBA Degree, 2005- 2006. Member, the OSB Advisory Committee, 2001-2007. Deputy Chair, EMBA Program Committee, 2003-2007. Acting Chair, the OSB Curriculum Committee, 2003-2007. Acting Chair, the OSB Graduate Studies Committee, 2003-2007. Acting Chair, the OSB Admission Committee, 2003-2006. Member, the OSB Academic Committee, 2001-2007. Member, the OSB EMBA Steering Committee, 2003-2007. Chair, the OSB Student Affairs Committee, 2003-2006. Involved in the evaluation of all promotion cases at the Suliman S. Olayan School of Business, 1998-2006. Chair, The OSB Task Force on Developing Promotion Guidelines at OSB, 2004-2005. Chair, The OSB Task Force on the Use of IT at OSB, 2004-2005. Member, Commencement Program Committee, 2003-2005. Chair, the OSB Research Committee, 2002-2005.

7 Elfakhani, Said / June 2020 Chair, the OSB Administrative Committee, 2001-2006. Chair, the OSB Graduate Studies Committee, 2001-2003. Chair, the OSB Special Admission Committee, 2001-2002. Chair, Recruitment Committee, 2000. Participated in Interviewing Several Candidates for recruitment, 2000-2007. Chair, Academic Committee, 2000-2001. Member of the Transition Team Formed to Prepare for the Transition from a Business Department in the Faculty of Arts & Science to an Independent Faculty of Business and Management, 2000. Chair, the School of Business Strategic Planning Committee, 2000. Acting Director, Graduate School of Business and Management, March 31-April 22, 2000. Chair, the School of Business Promotion Committee for the Graduate School of Business and Management, 2000. Project Leader, “Introducing Best Practices to Expand Economic Opportunity in Lebanon”, 2000.

Accreditation-Related Committees Member, OSB Accreditation Committee, September 2017-Present. Member, the OSB Steering Committee for AACSB Accreditation, 2005-2007. Invited Founding Member for the University of Makassed in Beirut. Reviewed all documents and bylaws required for accreditation by the Ministry of Education, 2006-2007. Invited to evaluate the MBA program offered at the Business and Computer University College (BCU) for accreditation by the Ministry of Education, December 2006. Member, the AUB University Task Force Steering Committee for Accreditation and the University Accreditation Coordinating Committee, 2001-2004. Additional Contribution Included Co-Chaired the Sub-Committee on Administration Self-Assessment, 2001- 2004. This Involvement Ended in AUB Being Granted Institutional Accreditation by the Commission on Higher Education of the Middle States Association of Colleges and Schools. Chairperson, the Quality Assurance Board, Dhofar University, 2005-2007. The Board is created to receive Higher Education Accreditation in Oman. Chairperson, The Self-Study Report Committee, Dhofar University, 2005-2007. The Committee is created to receive Higher Education Accreditation in Oman. Invited to evaluate the Business (BBA/MBA) program offered at the Haigazian University for accreditation by the Ministry of Education, October 2004.

At the Lebanese American University

LAU-SB Councils and Committees Member, Council of Deans, 2011-2013. Chairperson, Teaching-Learning Committee (SP Goal 1.10), 2012. Chairperson, School of Business Advisory Council, 2011-2013. Member of the EMBA Program Assessment Committee, 2014. Successfully led the first two of three phases required to acquire AACSB accreditation. At Saginaw Valley State University

SVSU-CBM Committees Member (Alternate), SVSU Institutional Review Board, 2009-2011.

8 Elfakhani, Said / June 2020 Member of the Research and Publications Committee, 2010-2011. Member of the College of Arts and Behavioral Sciences Ad-Hoc Committee to Revise the International Studies Major, 2009-2010. Member, the College Faculty Development Committee, 2009-2010. Member, the College Entrepreneurship Committee, winter 2008, and 2009-2010. Member, the College Undergraduate Committee, 2008-2009. Faculty Liaison, the SVSU Center for Family Business (Formerly FBP) Unit, 2008-2010. Volunteered to Offer an Information Session during the International MBA Students Orientation, September 4, 2009. Public Service SVSU Ambassador, 2009-2011. Ex-Officio Member, the Executive Committee of the SVSU Center for Family Business (Formerly FBP) Unit, 2008-2010. Co-sponsored the visit of Dr. Michael Agyekum Addo, Chairman and CEO of Kama Group, as Dow Visiting Scholar speaking to the Great Lakes Bay Manufacturing Association and students, April 2010.

At the University of Saskatchewan (Canada)

University Committees Member of the University Sabbatical Appeal Committee, 1996-1997. Member of the Faculty of the College of Graduate Studies and Research, 1995-2007. Member of the University Academic Affairs Committee, 1993-1994. Was selectively invited to the discussion on the development of the University Pension Plan, 1992.

College of Commerce Committees Member of the College Review Committee, 1995-1997. Reviewed Tens of Promotion, Tenure and Appointment Cases. Member of the College Equity Committee, 1995-1996. Member of the Undergraduate Curriculum Task Force, 1992-1994. The Committee successfully completed a major revision of the Undergraduate Curriculum. The new program has been implemented in 1996-1997. Member of the Undergraduate Curriculum Committee, 1991-1992. Member of the Undergraduate Studies and Admissions Committee, 1989-91.

Department of Finance and Management Science Committees Graduate Chair of the Finance M.Sc. Program, 1996-1998. Coordinator of the Finance Club, 1996-1997. Designate Member Re2007ing the Department to the Faculty of the College of Graduate Studies and Research Council, 1995-1998. Coordinator of the Department Research Seminars, 1992-1993. Acting Head, Department of Finance & Management Science, June 1992 and June 1993. Member of the Department Salary Review Committee, 1990-91. Chair of the Department Salary Review Committee, 1989-90. Was in Charge of the Department Financial Data Bases, 1988-1998. Served in the Department Faculty Search Committee, 1991-1992.

9 Elfakhani, Said / June 2020 Represented the Department of Finance and Management Science in the University and College Students’ Orientation Program several times from 1988-1997.

At King Fahd University for Petroleum and Minerals

College of Industrial Management Committees Member of the College MBA Graduate Committee, 1997-1998. Selected to Re2007 the College of Industrial Management in the Orientation Program Organized for High School Students, 1998.

Department of Finance and Economics Committees Chair of the Department Ad-Hoc Committee for MBA Program Revision Input, 1998. Chair of the Department Curriculum Committee, 1997-1998. Member of the Department Ad-Hoc Committee for Distinguished Teacher/Advisor Awards, 1998. Member of the Department Ad-Hoc Committee for Policy on Enrollment Apportionment, 1998. Member of the Department Ad-Hoc Committee for Introducing MSF in Finance, 1997. Member of the Department Planning Committee, 1997-1998. Member of the Department Continuing Education Committee, 1997-1998. Chair of the Department Ad-Hoc Committee for Changing the Name of the College, 1997- 1998.

TEACHING EXPERIENCE

At The American University of Beirut (AUB): 2014-Present

BBA: FINA 210 Business Finance

MBA: FINA 306 Intermediate Corporate Finance

MFIN: MFIN 303 Structured Finance (formerly MFIN 305) MFIN 359 Entrepreneurial Finance (formerly MFIN 355)

EMBA: EMBA 512 Managing Risk and Uncertainty

At The American University of Beirut (AUB): 1998-2007

BBA: BADM 224 Financial Management BADM 225 Investment BADM 263F International Financial Management BADM 263H Intermediate Corporate Finance FINA 210 Business Finance

MBA: BADM 300X Computer Applications in Finance BADM 330 Financial Analysis and Policy BADM 331 Investment Analysis BADM 332 International Business Finance

10 Elfakhani, Said / June 2020 FINA 306 Intermediate Corporate Finance FINA 315 Investment Analysis and Evaluation FINA 325 Global Finance FINA 335 Portfolio Theory and Management FINA 350M Computerized Financial Models FINA 340 Advanced Corporate Finance

EMBA: EMBA 410 Statistical Analysis for Management EMBA 570 Strategic Financial Management

At the Lebanese American University (LAU): 2013-2014

BS FIN 301 Managerial Finance FIN 411 Security Analysis & Portfolio Management MBA FIN 836 Modern Portfolio Management FIN 837 International Business EMBA FIN 712 Executive Business Finance

At the Saginaw Valley State University (SVSU): 2008-2011

BBA FIN 104 Consumer Finance FIN 304 Financial Management FIN 311 Entrepreneurial Finance FIN 490 Global Issues in Finance (Directed Study)

MBA FIN 604A Managerial Finance FIN 604B Advanced Managerial Finance FIN 607 International Finance CBM 600 Global Business FIN 680 Global Issues in Finance (Directed Study)

At The University of Texas at Dallas (UTD): 1986-1987, 2007-2008

BBA: BA 3341 Business Finance BA 4347 Applied Corporate Finance BA 4346 Investment Management

At The University of Sharjah: 2001-2006

EMBA: 0306530 Principles of Finance (November 2000) 0306631 Corporate Finance (March and May, 2001; February and March, 2002; June and July, 2003; June and July, 2004; June and July, 2005; and June and July, 2006)

At The King Fahd University of Petroleum and Minerals (KFUPM): 1997-1998

BBA: FIN 301 Financial Management I FIN 410 International Financial Management

11 Elfakhani, Said / June 2020 FIN 425 Computer Applications in Finance ECON 403 Engineering Economics

MBA: FIN 521 International Finance

At The University of Saskatchewan (U of S): 1988-1997

BBA: FIN 260 Introduction to Finance FIN 363 Intermediate Corporate Finance FIN 367 Security Analysis and Evaluation FIN 400 Honors Seminar in Finance FIN 461 Theory of Finance FIN 466 Corporate Financial Policy (Case Analysis) FIN 467 Portfolio Theory and Management

MBA: MBA 806 Financial Management MBA 863 Advanced Financial Management MBA 866 Security Analysis and Portfolio Management

M.Sc.: FIN 898 Special Research Topics in Derivative Securities (Finance) FIN 898 Special Research Topics in Corporate Finance

BA MBA 898 Offered Independent Readings Classes on a Volunteer (Readings) Basis, 1996 and 1997

At The Indiana State University (ISU): 1995

BBA: FIN 333 Principles of Investment FIN 400 International Financial Management

MBA: FIN 669 Investment Analysis and Portfolio Management

TEACHING IN EXECUTIVE PROGRAMS AND WORKSHOPS

25. Program Coordinator for the “Second Advanced Management Program” offered by OSB Executive Education to Audi Managers, March-December, 2016. 24. Offered a One-Day Seminar on “Business Plans and Feasibility Study.” The Sukleen Management Development Program (SMDP) program is organized by OSB Executive Education, OSB, Beirut, April 17, 2015. 23. Offered a Five-Day Seminar Series on “Portfolio Selection Processes and Strategies in Stock Markets.” Ibda’a, Dubai, organized this program. The program offers basic theories and applications of equity investment to some investment analysts in Dubai, UAE, on December 24-28, 2005. 22. Offered a Three-Day Seminar Series on “Advanced Portfolio Management.” The Invest for Consultancy and Training Company organized this program in Beirut. The program offered basic theories and applications of Derivatives to some investment analysts in Beirut, Lebanon, on September 19-21, 2004. 21. Prepared a Four-Day Seminar Series on “Working Capital Management.” The program

12 Elfakhani, Said / June 2020 is organized by REP - AUB and addressed to Kuwait Petroleum Company (KPC) employees, Kuwait, June 2004. 20. Offered a Four-Day Seminar Series on “Understanding the Investment Horizon.” The program is organized by REP - AUB and addressed to Kuwait Petroleum Company (KPC) employees, Kuwait, on January 6-10, 2004. 19. Offered a Five-Day Seminar Series on “Advanced Portfolio Management.” The Invest for Consultancy and Training Company organized this program in Beirut. The program offered basic theories and applications of Derivatives to some investment analysts in Beirut, Lebanon, on August 2-7, 2003. 18. Offered a Five-Day Seminar Series on the “Advanced Portfolio Management.” The Center of Administration and Training Resources Company, Dubai, organized this program. The program offers basic theories and applications of Derivatives to some investment analysts in UAE, June on 21-26, 2003. 17. Offered a Five-Day Seminar Series on the “Computer Applications in Finance.” The Center of Administration and Training Resources Company, Dubai, organized this program. The program offered basic theories and applications of Derivatives to some investment analysts in UAE, on June 21-26, 2003. 16. Offered a session on “Mastering the Fundamentals of Financial Management” as part of the “Hospital Costing Theories and Techniques” course organized by REP - AUB addressed to the Executive Physician Program to the Physicians of the Greek Orthodox Hospital, January 15, 2003. 15. Offered a Five-Day Seminar Series on “Risk Management.” Brain Power for Consultancy Company organized this program in Beirut, Lebanon, June 1-5, 2002. The program offers an introduction to various risk management tools to corporate officers and bankers in Kuwait. 14. Offered a Five-Day Seminar Series on “Capital Markets and Instruments.” United Gulf for Consultancy Company organized this program in Kuwait City, Kuwait, on December 22-26, 2001. The program offers an introduction to various investment securities to potential investors, financial analysts and investment analysts working in commercial, investment and banks in Kuwait. 13. Offered a Five-Day Seminar Series on “Equity Valuation: A Case Approach.” Brain Power for Consultancy Company organized this program in Kuwait City, Kuwait, December 22-26, 2001. The program offers equity analysis and valuation theories and applications using the case approach to portfolio managers, financial analysts and investment analysts working in commercial, investment and banks in Kuwait. 12. Offered a Five-Day Seminar Series on “Advanced Equity Portfolio Management: A Case Approach.” Brain Power for Consultancy Company organized this program in Kuwait City, Kuwait, September 8-12, 2001. The program offers advanced equity management theories and applications using the case approach to portfolio managers, financial analysts and investment analysts working in commercial, investment and banks in Kuwait. 11. Offered a Five-Day Seminar Series on “Bond Valuation: A Case Approach.” Brain Power for Consultancy Company organized this program in in Kuwait City, Kuwait, September 8-12, 2001. The program discusses bond valuation models using the case approach to portfolio managers, and investment analysts working in commercial, investment and banks in Kuwait. 10. Offered a Five-Day Seminar Series on “Management and Development of Mutual Funds and Portfolios.” Brain Power for Consultancy Company organized this program

13 Elfakhani, Said / June 2020 in Kuwait City, Kuwait, July 14 - 18, 2001. The program offers advanced theories and discussion along with applications to portfolio managers, financial managers, financial analysts and investment analysts working in commercial, investment and banks in the region. 9. Participated in offering Two-Day “Seminars on Management - Generic Financial Skills for the Middle Manager Today: Activity Based Cost & Managerial Accounting.” The International Chamber of Commerce (ICC - Lebanon Office) jointly with AUB REP Office organized this program in Beirut, April 25-26, 2001. 8. Offered a Two-Day Seminar Series on “Investment Analysis.” The program was organized through United Gulf Consultancy and Training in Kuwait City, Kuwait, November 18-19, 2000. The program offers basic investment theories and applications to some investment analysts in Kuwait. 7. Offered a Three-Day Seminar Series on “Project Financing.” The program was organized through United Gulf Consultancy and Training in Kuwait City, Kuwait, September 29 - October 1. The program offers advanced theories and discussion along with applications to project financing to some managers and engineers in Kuwait. 6. Participated in offering a Five-Day Seminar Series on “Management of Money and Banking.” The Office of Regional External Programs (REP) at the American University of Beirut organized this program in cooperation with the Chamber of Commerce in Jeddah, Saudi Arabia. The program leads to granting a certificate to Saudi business executives involved with financial decision-making, Jeddah, Saudi Arabia, July 15-July 20, 2000. 5. Offered a Five-Day Seminar Series on “Advanced Portfolio Management.” The Al- Faisal International Consultancy and Training Company organized this program in Kuwait City, Kuwait, June 24 - 28, 2000. The program offered advanced theories and discussion along with applications to portfolio manager, financial managers, financial analysts and investment analysts working in commercial, investment and Islamic banks in the region. 4. Participated in offering a Five-Day Seminar Series on “Introduction to Financial Management.” The Office of Regional External Programs (REP) at the American University of Beirut organized this program in cooperation with the Chamber of Commerce in Jeddah, Saudi Arabia. The program leads to offering a certificate to Saudi business executives involved with financial decision-making, Jeddah, Saudi Arabia, on May 27-June 1, 2000. 3. Participated in offering a Four-Day Seminar Series on “Financial Analysis and Planning.” The program was organized by the Deanship of Educational Services - Continuing Education Programs at King Fahd University of Petroleum and Minerals to business executives involved with financial decision making in Saudi Arabia, Dhahran, on March 28-April 1, 1998. 2. Coordinated and offered a One-Day Seminar Series on “Financial Analysis and Tools for the Saudi Stock Market.” The one-day seminar precedes the “Administrative Sciences: New Horizons and Roles in Development” conference organized by the College of Industrial Management at King Fahd University of Petroleum and Minerals to business executives in Saudi Arabia, Dhahran, March 15, 1998. 1. Participated in offering a Five-Day Seminar Series on “Investment Services in the Saudi Commercial Banks.” The Deanship of Educational Services - Continuing Education Programs at King Fahd University of Petroleum and Minerals organized this program to business executives in Saudi Banks, Dhahran, on December 6 - 10, 1997.

14 Elfakhani, Said / June 2020

INVITED LECTURER FOR PROFESSIONAL DESIGNATIONS WORKSHOPS

Invited Lecturer for a session of the Certified General Accountants (CGA) of Saskatchewan, 1992.

THESES & PROJECTS SUPERVISED

Supervised one MBA student research paper at Saginaw Valley State University. Supervised one BBA student research paper at Saginaw Valley State University. Supervised fifty-six MBA projects as the First Reader at the American University of Beirut. Supervised nine MBA projects as the Second Reader at the American University of Beirut. Co-Supervised one Master Thesis from the Department of Civil Engineering at the American University of Beirut. Supervised two M.Sc. Finance Theses at the University of Saskatchewan. Chaired the Examination Committee of two M.Sc. Finance Theses at the University of Saskatchewan. Eternal Examiner for one M.Sc. Marketing Thesis at the University of Saskatchewan. Eternal Examiner for one M.Sc. Thesis in the College of Agriculture at the University of Saskatchewan. Member of the M.Sc. Advisory Committee for one Thesis at the University of Saskatchewan. Co-Supervised one MBA Thesis at the University of Saskatchewan. Supervised four MBA students for their research projects at the University of Saskatchewan. Supervised eleven finance honor students’ research papers at the University of Saskatchewan and co-supervised one honor student’s research paper at the University of Texas at Dallas. Member of the Supervising Committee for one Cooperative Program Report at King Fahd University of Petroleum and Minerals.

INTERNSHIP PROGRAM SUPERVISED

Mentored over 25 business students conducting internship at various companies in Lebanon and the region, summer 2004, AUB.

CONTRIBUTIONS TO PEDAGOGY, INSTRUCTIONAL AND STUDENTS ACTIVITIES

At AUB:

Mentoring Executives Practicum Proposals Supervised and mentored Executives from Sukleen in developing business plans for their company as their capstone project for graduation within Sukleen Management Development Program, was organized and administered by OSB Executive education, March-June 2015.

Developing Master Programs Introduced and coordinated the development of finance, accounting, economics and statistics courses in the EMBA program, 2003-2005. 15 Elfakhani, Said / June 2020

Developing New Courses Introduced several new courses offered for the first time into the OSB program including: BADM 263F (International Financial Management) and BADM 263H (Intermediate Corporate Finance) at the undergraduate level; and BADM 300X (Computer Applications in Finance), BADM 332 (International Business Finance), FINA 325 (Global Finance), FINA 335 (Portfolio Theory and Management), FINA 340 (Advanced Corporate Finance), FINA 350M (Computerized Financial Models), EMBA 410 (Statistical Analysis for Management), EMBA 570 (Strategic Financial Management), and EMBA 512 (Managing Risk and Uncertainty) at the graduate level.

Developing Courses Materials Have significantly redesigned and prepared class notes, handout problems, and reading packages for several finance courses at both the graduate and undergraduate levels. At Saginaw Valley State University, the list included FIN 104, FIN 304, FIN 607, and CBM 600. At the American University of Beirut, the list includes: BADM 224, BADM 225, BADM 330, BADM 331, BADM 332), FINA 210, FINA 315, FINA 325, FINA 335, FINA 340, and FINA 350M.

Engaging Students in Investment Games and Competitions By invitation, served as a jury member for the MBA 306 students case analysis competition, May 8, 2016. Engaged the Executive Master in Business Administration students (EMBA 512, summer 2019) in a capstone project on managing risk and uncertainty in their business organization. The students are asked to build a risk management plan from the ground up. The purpose of this exercise is to develop a full and feasible risk management plan applying concepts, methods and techniques learnt throughout the course. They are asked to write an all-inclusive risk management plan and produce the documentation necessary for a full-fledge real project of their choice, while preserving/enhancing the value of your business. They can choose to implement current risk management practices on an existing project their company just started, put together a risk management plan for a new project their company is about to take on, or assume the entrepreneur role to produce a business plan for a business they intend to start with a feasible risk management plan covering all emerging risks. Engaged the Master in Business Administration students (MBA 306, spring 2019) in increasingly sophisticated financial theories, models and problem solving techniques. I introduce students to the art of building a model using excel to forecast and analyze financial statements, arrive at optimal business solutions using relevant parameters, apply what if, scenario and sensitivity analysis in risk management, capital budgeting, cost of capital, capital structure, and working capital management. Students practiced “learning by doing” and were able to find their way out of messy situations, search for the key nuggets of data, and arrive at a reasonable recommendation for action. Engaged MFIN students (MFIN 305 in spring 2015 and fall 2015, and MFIN 303 in fall 2016 and fall 2017) in the international Stocktrak Investment Game. This experiential learning approach trains students not only to know, but also to act and develop their own unique framework for approaching, understanding, and dealing with investment

16 Elfakhani, Said / June 2020 challenges. This method blends cognitive and affective learning modes to reinforce the pedagogy that emphasizes student discovery rather than instructor revelation. Students applied speculative and hedging strategies using derivatives while at the same time they were learning the theoretical basis for these instruments and their uses. Students practiced “learning by doing” and were able to find their way out of messy situations, search for the key nuggets of data, distinguish central facts from peripheral ones, sort out the conflicting explanations, and arrive at a reasonable recommendation for action. Engaged undergraduate students (FINA 210, fall 2014, spring 2015, spring 2016, spring 2017, spring 2018, and fall 2018) in extracting financial statements from library resources (COMPUSTAT) and conduct a detailed financial ratios analysis using excel. This experiential learning approach enhances competency of students in the application of analytical-quantitative approaches as related to Financial Statements Analysis, and in the ability to adapt to teamwork. It trains students to practice their research skills and financial information analysis using library resources to choose three companies, one primary and two competitors, and analyze their financial statements. They conduct a trend analysis and comparative analysis as well as identify strengths and weaknesses of these companies followed by recommended solutions to remedy the primary company weaknesses. Introduced simulated investment games for investment and portfolio management in which graduate and undergraduate students use real world financial data, computer analysis and statistical packages to make sound investment decisions. Students competed with thousands of students throughout the US through Stocktrak game, and hundreds of participants in CFSB game, Dubai, UAE. Engaged a team from AUB students (BADM 225, Fall 1998) in the Inter-University Student Investment Contest, in which our “AUB Infinity Investment Team.” The team won the first place and a $10,000 award. The contest was sponsored and arranged by Arab Finance Corporation in partnership with the Daily Star, June 1999. Further, I served as the financial advisor for the award money that is invested through AFC.

Advising Students Clubs Advisor for the Real Estate Club, AUB, 2017-Present. Advisor for the Beirut Cultural Club, AUB, 2004-2005. Advisor for the Makassed Club, AUB, 1998-2004. Advisor for the Business Students Society, AUB, 2002-2003. Advisor for the Finance Club, AUB, 2002-2004.

At LAU:

Advising Students Clubs Advisor for AIESEC Club, LAU, 2013-2014.

17 Elfakhani, Said / June 2020 At SVSU

Engaging Students in Project-Based and Experiential Learning Activities Engaged seven BBA students in my Entrepreneurial Finance course (FIN 311) in conducting a full-scale case study of a business venture they plan to start. Students were divided into two teams and formulated business plans in which they tackled various business issues to establish viable innovative businesses. Each team was expected to meet with a bank credit officer to discuss the business plan and explore funding requirements. Two ventures were born: (1) Rain Check Golf, and (2) Fade Jean Co. Engaged fourteen MBA students in my Global Business course (CBM 600) in simulated project-based learning experiences. Students were divided into four groups and were asked to consider exporting one made-in-the-US SUV for sale in one of the following four countries: Argentina, France, Korea, and Singapore. Each study included market research, economic analysis and country risk assessment, in addition to a full set of cash flows projections and analysis. Engaged thirty-two MBA students in my Global Business course (CBM 600) in project-based learning experiences. Students were divided into seven teams and conducted feasibility studies for Fullerton Tools, Curry Corp, and GlasTender companies in Saginaw and the Tri-City area involving extension of their businesses to China, India, Italy, Dubai, Brazil and Egypt. Engaged twenty-three undergraduate students in my Consumer Finance course (FIN 104) in experiential learning. Each student interviewed a couple (parents, friends, or acquaintances) and organized a personal financial plan covering their financial needs including investment choices, insurance plans, retirement planning, Tax planning, setting emergency funds, debt and credit management, and writing their wills.

Developing Courses Materials Have prepared class notes and reading packages for several finance and business courses at both the graduate and undergraduate levels. The list includes CBM 600, FIN 607, FIN 304 and FIN 104.

Engaging Students in Investment Games and Competitions Supervised two SVSU MBA teams who participated in “Inventions to Market” academic competition event with Northwood University, May 15, 2009. The competition is organized by the Center for Business and Economic Development (CBED) - Entrepreneurship and Commercialization Center at SVSU in partnership with Mid- Michigan Inventor’s Group to move local business concepts into commercial viability. The judge panel consisted from business and academic experts. Group of interested investors attended the event. The teams competed in two rounds: - Round 1: Randall D. Zajac, Ram Subramaniam, and Hao-Wei Huang from SVSU prepared a complete SWOT analysis of the invention “Grab a Cane,” conducted market analysis, put together a feasibility study, and designed a strategy to successfully promote the product in US markets. Won Second Place. - Round 2: Randall D. Zajac, Ram Subramaniam, and Affan Faruqi from SVSU prepared an impromptu analysis of the invention “Pet Door,” made a critique and proposed a series of recommendations to successfully promote the product in US markets. Won First Place.

18 Elfakhani, Said / June 2020 Advising Students Clubs Advisor for AIESEC Club, SVSU, 2009-2011.

At the University of Saskatchewan:

Developing Master Programs Was actively involved in the start and promotion of the M.Sc. in Finance program at the University of Saskatchewan, 1992-1998.

Developing Courses Materials Have significantly redesigned and prepared class notes, handout problems, and reading packages for FIN 363, FIN 461, FIN 466, FIN 467, MBA 806 and MBA 863.

Engaging Students in Investment Games and Competitions Introduced simulated investment games for investment and portfolio management in which students use real world financial data, computer analysis and statistical packages to make sound investment decisions. Students had competed with hundreds from other Canadian Universities and colleges through Green Line game. Supervised students' participation in the national business-writing contest organized by the Royal Bank of Canada, Saskatchewan, Canada. 1990.

Advising Students Clubs Advisor for the Finance Club, 1989-1996.

RESEARCH AND SCHOLARLY WORK

Publication Statistics and Awards (indicative as of January 2020)

Google Scholar: H-index 15, i10-Index 20, 768 Citations (334 since 2015); SCOPUS: H-index 7, 121 Citations on 21 (out of 49) research documents; Harzing: H-Index: 15, g-Index: 27, 739 Citations, 27.37 Cites per Year, 14.78 Cites per Paper; Research Gate: RG score 13.25, 530 citations, 16,740 reads, and 49 research items.

Won the Hillson Best Paper Silver Award in the Third Annual Global Management Conference held in Godollo/Budapest, Hungary, May 4-7, 2011; Awarded the “Outstanding Professional Award” by the American Biographical Institute (ABI), 2003; Awarded Citation of Excellence Certifying the “Highest Quality Rating” by ANBAR Electronic Intelligence, 1999, for the paper “Small Firm and Value Effects in the Canadian Stock Market,” published in the Journal of Financial Research, Vol. 21, No. 3.

Under Review for Publications in Refereed/Peer Reviewed Journals:

1. Elfakhani, S., A. Ghanem, and B. Hout, “Audit Fee Levels and the Impact of Tighter Regulations on Internal Control Audit over Financial Reporting Under Section 404(b).” Under review in Q1 journal. 2. Elfakhani, S. and A. Ghanem, “The Effect of Adopting IFRS on the Financial Performance of MENA Region Stocks.” Under revision for submission.

19 Elfakhani, Said / June 2020 Accepted for Publications in Refereed/Peer Reviewed Journals:

N/A

Publications in Refereed/Peer Reviewed Journals:

2016-2017: 38. Azar, S., S. Elfakhani, and Khaled Abdallah, (2017). “The Economics of Bounced Checks in Lebanon.” International Journal of Economics and Financial Issues (ISSN: 2146-4138), Vol. 7 (No. 1), pp.106-114. Available at http: www.econjournals.com.

2014-2015: 37. Elfakhani, S., and W. Mackie, (2015). “An Analysis of Net FDI Drivers in BRIC Countries.” Competitiveness Review (ISSN: 1059-5422), Vol. 25 (No. 1), pp. 98-132.

2013-2014: 36. Elfakhani, S., A. Ghanem, and Y. Sidani, 2014. “Rayya Mineral Water Bottling Factory.” Journal of Finance Case Research published by the Institute of Finance Case Research (ISSN 1527-5426), Vol. 14, No.1, pp. 25-40.

2012-2013: 35. Elfakhani, S., and Z. U. Ahmed, 2013. “Philosophical Basis of Entrepreneurship Principles within an Islamic Ethical Framework.” Journal of Transnational Management (JTM) (ISSN: 1547-5778), Volume 18, No. 1, pp. 52-78. Also available online at: http://www.tandfonline.com/doi/abs/10.1080/15475778.2013.752780.

2010-2011: 34. Ghanem, A., and S. Elfakhani, 2011. “Privatization of Gulf Industrial Institutions: The Secret of Success.” the Middle East Policy (ISSN: 1061-1924), Vol. XVIII, No. 2 (summer), pp. 84-101. http://onlinelibrary.wiley.com/doi/10.1111/j.1475-4967.2011.00487.x/full. 33. Elfakhani, S., and N. Mulama, 2011. “Determinants of FDIs in Emerging Markets: The Case of Brazil, China and India.” The International Journal of Business Management and Economic Research (IJBMER-ISSN: 2229-6247). Available online at: http://www.ijbmer.com/vol2issue2.php March-April 2011.

2009-2010: 32. Elfakhani, S. and N. El-Meslmani, 2010. “An Examination of the Interrelationship between Arab Markets and Economic Indicators.” The Middle East Journal of Business (ISSN: 1834-8777), Vol. 5, No. 2. http://www.mejb.com/upgradeflash/Vol%205% 20Issue%201/EXAMINATION%20 OF% 20THE%20INTERRELATIONSHIP.htm. 31. Chahine, S. and S. Elfakhani, 2010. “The Effect of Deregulating Price Limit on Stock Split in Japan.” The International Review of Applied Financial Issues and Economics Journal (ISSN: 9210-1737), Vol. 2, No. 3, pp. 503-527. http://irafie.com/effect- fulltext.php. 30. Haddad, M., G. Homaifar, S. Elfakhani, and H. Ahmedov, 2010. “Intertemporal Test of Beta Stationarity Performance of Islamic Sector Structured Mutual Funds.” Journal of International Business & Entrepreneurship Development (ISSN: 1549-9324), Vol.

20 Elfakhani, Said / June 2020 4, No. 4 (2008), pp. 275-285. http://inderscience.metapress.com/content/ w88l400026361616/. 29. Elfakhani, S., I. Baalbaki, and H. Rizk, 2009. “Gold Price Determinants: Empirical Analysis & Implications.” Journal of International Business & Entrepreneurship Development (ISSN: 1549-9324), Vol. 4, No. 3, pp. 161-178. http://inderscience. metapress.com/content/gh8083448183l206/.

2008-2009: 28. Elfakhani, S., D. Jamali, and N. El-Hassan, 2009, "ISO Quality Management Certification: Implications for the Financial Performance of US Firms.” The Journal of Business and Economic Perspectives (ISSN: 1528-5014), Vol. 35, No. 1 (Spring/Summer), pp. 42-51. http://www.econbiz.de/Record/implications-of-iso- quality-management-certification-on-us-firms-financial-performance-elfakhani- said/10003927893. 27. Elfakhani, S. and O. Kurdi, 2009, “The Effect of Earnings Management on Canadian Stocks.” The Corporate Ownership and Control (ISSN: 1727-9232), Vol. 6, Issue 4 (summer), pp. 218-233. http://virtusinterpress.org/additionalfiles/journcoc/issues/ COC_(Volume_6_Issue_4 Summer_2009_Continued1).pdf. 26. Elfakhani, S., M. Araissi, and H. Smahta, 2008. “Globalization and Investment Opportunities: A Cointegration Study of Arab, U.S., and Emerging Stock Markets.” Financial Review (ISSN: 0800-3564), Nov. 2008, Vol. 43, pp. 591-611. http://onlinelibrary.wiley.com/doi/10.1111/j.15406288.2008.00204.x/abstract?deniedA ccessCustomisedMessage=&userIsAuthenticated=false & http://ssrn.com/abstract=1281708.

2007-2008: 25. Elfakhani, S. and Z. Halabieh, 2008, “Profit Opportunities from Successive Analysts’ Revision of Stock Grading Status.” Journal for Global Business Advancement (ISSN: 1746-966X), Vol. 1, No. 2/3, pp. 237-251. http://inderscience.metapress.com/content/ r5u680l8716q7416.

2006-2007: 24. Elfakhani, S. and L. Matar, 2007, “Foreign Direct Investments in the MENA Region.” Journal for Global Business Advancement (ISSN: 1746-966X), Vol. 1, No. 1, pp. 49- 70. http://inderscience.metapress.com/content/3ydlrylyxkrb9q0x/.

2005-2006: 23. Elfakhani, S., Sidani, Y., and O. Fahel, 2006, “An Assessment of the Performance of Islamic Mutual Funds.” European Journal of Management and Public Policy, (ISSN: 1726-6475), Vol. 3, No. 1 (2004), pp. 41-64. http://www.erf.org.eg/CMS/uploads/pdf/ 1184492613Hassan_Elfakhani.pdf. 22. Elfakhani, S. and M. Itani, 2005, “Forecasting Stock Splits: Profit Opportunities.” Journal of the Academy of Business Administration (JABA) (ISSN: 1079-4131), Vol. 10, No. 1 & 2, pp. 9-24.

2003-2004: 21. Elfakhani, S. and J. Wei, 2003, “The Survivorship Bias, Share Price Effect, and Small- Firm Effect in Canadian Markets.” Review of Financial Economics (ISSN: 1058-3300),

21 Elfakhani, Said / June 2020 Vol. 12, pp. 397-411. http://www.sciencedirect.com/science/article/pii/S10583300 03000612. 20. Elfakhani, S., and T. Lung, 2003, “The Effect of Split Announcements on Canadian Stocks.” Global Finance Journal (ISSN: 1044-0283), Vol. 14, pp. 197-216. http://www. sciencedirect.com/science/article/pii/S1044028303000127. 19. Elfakhani S., R. Ghantous and I. Baalbaki, 2003, “Mega-Mergers in the US Banking Industry.” Applied Financial Economics (ISSN: 0960-3107), Vol. 13, pp. 609-622. http://www.tandfonline.com/doi/abs/10.1080/0960310032000050669.

2001-2002: 18. Elfakhani, S., and D. Foltz, 2001, “Dividend Signals in the Canadian Markets.” Corporate Finance Review (ISSN: 1089-327X), Vol. 5, No. 7 (July/August), pp. 13-28.

2000-2001: 17. Ghaziri, H., S. Elfakhani, and J. Assi, 2000, “Neural Networks Approach to Pricing Options.” Neural Network World Journal (ISSN: 1210-0552), Vol. 1-2, pp. 271-277. 16. Elfakhani, S., 2000, "Short Positions, Size Effect, and the Liquidity Hypothesis: Implications for Stock Performance." Applied Financial Economics (ISSN: 0960- 3107), Vol. 10, pp. 105-116. http://www.tandfonline.com/doi/abs/10.1080/09603 1000331978.

1999-2000: 15. Elfakhani, S., R. Wionzek, and M. Chaudhury, 1999, "Thin Trading and Mispricing Profit Opportunities in the Canadian Commodity Futures." Quarterly Review of Economics and Finance (ISSN: 1062-9769), Vol. 39, No. 1, pp. 37-58. http://www. sciencedirect.com/science/article/pii/S1062976999800039.

1998-1999: 14. Elfakhani, S. and T. Zaher, 1998, "The Differential Information Hypothesis, Firm Neglect and the small Firm Size Effect: A Possible Explanation.” Financial Decisions (ISSN: 02674785), (Formerly Journal of Financial and Strategic Decisions, ISSN 10651853), Vol. 11, No. 2 (fall), pp. 29-40. https://studyfinance.com/jfsd/pdffiles/v11n2/elfakhani.pdf 13. Elfakhani, S., L. J., Lockwood, and T. Zaher, 1998, "Small Firm and Value Effects in the Canadian Stock Market." Journal of Financial Research (ISSN: 0270-2592), Vol. 21, No.3 (fall), pp. 277-291. http://ideas.repec.org/a/bla/jfnres/v21y1998i3p277- 91.html. 12. Elfakhani, S., 1998, "The Expected Favourableness of Dividend Signal, the Direction of Dividend Change and the Signalling Role of Dividend Announcements." Applied Financial Economics (ISSN: 0960-3107), Vol. 8, pp. 221-230. http://www.tandfon line.com/doi/abs/10.1080/096031098332989 & http://ssrn.com/abstract=89668. 11. Elfakhani, S., 1998, “Short Sellers Aren’t Always Right.” Canadian Investment Review (ISSN: 0840-6863), Vol. X, No. 4 (Winter 1997/98), pp. 9-14.

1997-1998: 10. Elfakhani, S. and R. Wionzek, 1997, "Intermarket Spread Opportunities between Canadian and American Agricultural Futures." International Review of Economics and

22 Elfakhani, Said / June 2020 Finance (ISSN: 1059-0560), Vol. 6, No. 4, pp. 361-377. http://www.sciencedirect.com/ science/article/pii/S1059056097900289. 9. Elfakhani, S. and T. Zaher, 1997, "Asymmetric Information, Insider Trading, and the Small Firm Size Effect: An Empirical Investigation." Advances in Investment Analysis and Portfolio Management (ISSN: 978-0-7623-0126-3), Vol. 4, pp. 15-41. 8. Elfakhani, S. and M. Chaudhury, 1997, "The Impact of Options Delisting on the Underlying Stocks." Jourrnal of Financial and Strategic Decisions (ISSN: 02674785), Vol. 10, No. 3, pp. 43-54. 7. Elfakhani, S. and M. Chaudhury, 1997, "Listing of Put Options: Is There Any Volatility Effect?" Review of Financial Economics (ISSN: 1058-3300), Vol. 6, No. 1, pp. 57-77.

1995-1996: 6. Elfakhani, S. and M. Chaudhury, 1995, "The Volatility Effect of Option Listing: Some Canadian Evidence." Quarterly Review of Economics and Finance (ISSN: 1062-9769), Vol. 35, No. 1, pp. 97-116. http://www.sciencedirect.com/science/article/ pii/1062976995900659. 5. Elfakhani, S., 1995, "An Empirical Examination of the Information Content of Balance Sheet and Dividend Announcements: A Signalling Approach." Financial Decisions (ISSN: 02674785), (Formerly Journal of Financial and Strategic Decisions, ISSN 10651853), Vol. 8, No. 2, pp. 65-76. http://www.financialdecisionsonline.org/archive/v08n2.html 4. Elfakhani, S., 1995, "Portfolio Performance and the Interaction between Systematic Risk, Firm Size and Price-Earnings Ratios: The Canadian Evidence." Review of Financial Economics (ISSN: 1058-3300), Vol. 3, No. 1 & 2, pp. 51-68.

1993-1994: 3. Elfakhani, S. and L. J. Merville, 1994, "Dividend Policy, Asymmetric Information and Signalling: An Empirical Test." Advances in Financial Planning and Forecasting (ISBN: 1-55938-421-2), Vol. 5, Part A, pp. 201-225. 2. Elfakhani, S., 1993, "The Asymmetric Information and Dividend Policy: A Micro Study of Dividend Signals." Advances in Quantitative Analysis of Finance and Accounting (ISSN: 1061-8910), Vol. 2, Part B, pp. 45-76.

1991-1992: 1. Elfakhani, S. and H. Bishara, 1991, "The Use of Firm Size and the Price Earnings Ratios in Common Stock Selection: The Canadian Case." Financial Decisions (ISSN: 02674785), (Formerly Journal of Financial and Strategic Decisions, ISSN 10651853), Vol. 4, No. 3, winter, pp. 133-152.

Published Books/Chapters in Books:

A. Elfakhani, S., and Y. Sidani, (2015). “Uncertainty in Contracts under the Islamic Ethical Code on ‘Gharar’.” the Handbook of Research on Islamic Business Ethics, Edited by Professor Abbas Ali. Edward Elgar Publishing, UK (ISBN: 978-1-781- 009444), pp. 126-142.

23 Elfakhani, Said / June 2020 https://books.google.com.lb/books?hl=en&lr=&id=HkurCgAAQBAJ&oi=fnd&pg= PA126&dq=sidani+elfakhani&ots=An6B9NfFmW&sig=udS8YUiKkZ7tiw_gGxgpC 1l3K8k&redir_esc=y#v=onepage&q=sidani%20elfakhani&f=false. B. Elfakhani, S. and L. Matar, 2007, “Foreign Direct Investments in the MENA Region.” Contemporary Issues in International Business, Publisher: Cambridge Scholars Press Inc., UK. An edited version of this paper was published earlier in The Journal for Global Business Advancement (ISSN 1549-909X), 2007. C. Elfakhani, S., I. Zbib, and Z. U. Ahmed, 2007, “Marketing of Islamic Financial Products.” Handbook of Islamic Banking (ISBN: 978-1-84542-083-3), Edited by Professor M. Kabir Hassan and Professor Mervyn K. Lewis, Edward Elgar Publishing, UK (ISSN: 978-1-84542-083-3), pp. 116-125. D. Elfakhani, S., M. K. Hassan, and Y. Sidani, 2007, “Islamic Mutual Funds.” Handbook of Islamic Banking (ISBN: 978-1-84542-083-3), Edited by Professor M. Kabir Hassan and Professor Mervyn K. Lewis, Edward Elgar Publishing, UK, pp. 256-276.

Publications in Conference Proceedings:

Refereed Proceedings:

16. Elfakhani, S., and W. Mackie, 2011. “The Determinants of FDIs in BRIC Countries.” The Proceedings of the Third Annual Global Management Conference, pp. 157-183. 15. Elfakhani, S., and N. Mulama, 2010. “Determinants of FDIs in Emerging Markets: The Case of Brazil, China and India.” The Proceedings of the SAICON 2010-Academy of Global Business Advancement (AGBA) South Asia Chapter’s 2nd International Conference, Chapter, July, 2010. An edited version of this paper was later published in the International Journal of Business Management and Economic Research (IJBMER), http://www.ijbmer.com/vol2issue2.php, March-April 2011. 14. Sultan, A. and S. Elfakhani, 2009, “Adverse Selection in Used Car Markets: An Empirical Analysis.” The Proceedings of the Academy of International Business – Southwest Review of International Business Research, Vol. 20, No. 1 (February), pp. 1-7. 13. Baalbaki, I., S. Elfakhani, and H. Rizk, 2006, “Gold Price Determinants: An Expanded Model.” The Proceedings of the Advances in Global Business Research, Vol. 3, January, pp. 616-626. An expanded version of this paper was later published in Journal of International Business & Entrepreneurship Development. 12. Elfakhani, S. and Z. Halabieh, 2006, “Profit Opportunities from Successive Analysts’ Revision of Stock Grading Status.” The Proceedings of the Advances in Global Business Research, Vol. 3 (January), pp. 353-366. An edited version of this paper was later published in The Journal for Global Business Advancement (ISSN 1549-909X), 2008. 11. Elfakhani, S., Hassan, K., and Y. Sidani, 2005, “Comparative Performance of Islamic Versus Secular Mutual Funds.” Published in the Proceedings of the Economic Research Forum 12th Annual Conference (19-21 December) at Grand Hyatt Hotel, Cairo, Egypt. Also, http://www.erf.org.eg/12thAnnualConference/FINANCE/presented/Hassan& Elfakhani.pdf. An edited version of this paper was later published in the Handbook of Islamic Banking (ISBN: 978-1-84542-083-3).

24 Elfakhani, Said / June 2020 10. Elfakhani, S., M. Arayssi, and H. Smahta, 2004, “Globalization and Investment Opportunities: A Cointegration Study of Arab, U.S., and Emerging Stock Markets.” Proceedings of the “Prospects of Arab Economic Cooperation,” Cairo, Egypt (June). 9. Elfakhani, S. and L. Matar, 2004, “Foreign Direct Investments in the MENA Region.” Catherine Michelson, Ben L. Kadia and Zafar U. Ahmed (Editors), Advances in Global Business Research, Vol. 1 (January), pp. 200-209. An edited version of this paper was later published in Journal for Global Business Advancement (ISSN 1549-909X), 2007. 8. Elfakhani, S., Sidani, Y., and O. Fahel, 2003, “An Assessment of the Performance of Islamic Mutual Funds.” Bala Shanmugam (Editor), Proceedings of the International Banking Conference (September), an edited version of this paper was later published in The European Journal of Management and Public Policy. 7. Elfakhani, S., R. Wionzek, and M. Chaudhury, 1996, "A Close Examination of Profit Opportunities in the Canadian Canola and Feed Wheat Futures." George Tannous (ed.), Finance, Vol. 17, No. 1, pp.62-71 (Administrative Sciences Association of Canada Conference Proceedings). An edited version of this paper was later published in Quarterly Review of Economics and Finance, Vol. 39, No. 1, pp. 37-58. 6. Elfakhani, S. and C. Zabos, 1992, "A Possible Explanation of the Small Firm Effect: The Canadian Evidence," Lewis D. Johnson (ed.), Finance, Vol. 13, No. 3, pp. 80-90 (Administrative Sciences Association of Canada 1992 Conference Proceedings). 5. Elfakhani, S. and H. Bishara, 1990, "Portfolio Performance: The Effect of Firm Size and the Use of Price Earnings Ratios in Common Stock Selection," Trevor Chamberlain (ed.), Finance, Vol. 11, No. 1, pp. 53-65 (Administrative Sciences Association of Canada Conference Proceedings). An edited version of this paper was later published in The Financial Decisions (ISSN: 02674785), (Formerly Journal of Financial and Strategic Decisions, ISSN 10651853), Vol. 4, No. 3, Winter, pp. 133-152.

Other Proceedings Publications:

4. Haddad, M., G. Homaifar, and S. Elfakhani, 2007, “Comparative Intertemporal Test of Beta Stationarity Performance of Islamic Versus Secular Mutual Funds.” The Proceedings of Economic Research Federation (ERF) 14th Annual Conference Meeting (http://www.erf.org.eg/cms.php?id=publication_details&publication_id=876), pp. 28- 30. 3. Elfakhani, S., and T. Lung, 1999, “The Effect of Split Announcements on Canadian Stocks.” The Sixth Annual Global Finance Conference Yearbook (December), pp. 97- 98. An edited version of this paper was later published in The Global Finance Journal, Vol. 14, pp. 197-216. 2. Elfakhani, S., 1998, “Short Positions, Corporate News and the Transfer of Information: The Canadian Evidence,” Conference on Administrative Sciences: New Horizons and Roles in Development, Volume II, pp. 581-599. (King Fahd University of Petroleum and Minerals - Proceedings). An edited version of this paper was later published in Applied Financial Economics, Vol. 10, pp. 105-116. 1. Elfakhani, S. and M. Chaudhury, 1994, "The Volatility Effect of Options Delisting: Some Canadian Evidence," Sammy G. Amin, Peter B. Barr, and David L. Moore (ed.), World Business Trends, pp. 352-361 (The Academy of Business Administration Conference Proceedings). An edited version of this paper was later published in the Financial Decisions (Formerly Journal of Financial and Strategic Decisions, ISSN 10651853), Volume 10, Number 3, pp. 43-54.

25 Elfakhani, Said / June 2020 Published Abstracts (Refereed):

5. Elfakhani S., R. Ghantous and I. Baalbaki, 2000, “Mega-Mergers in the US Banking Industry.” The 2000 Financial Management Association (FMA) European Conference Abstracts, Appeared on the FMA Homepage, March 2000. 4. Elfakhani, S., and T. Zaher, 1995, “The Firm Size Effect and Insider Trading.” The Academy of Financial Services, Paper Abstracts, pp. 13. 3. Elfakhani, S. and T. Zaher, 1995, "The Differential Information Hypothesis, Institutional Neglect and the small Firm Size Effect: A Possible Explanation." Annotated Bibliography: Earnings Expectations Research, Fifth Edition, Edited by Professor Lawrence Brown, pp. 102. 2. Elfakhani, S., 1994, "The Differential Information Hypothesis, Short Sales and the Size Effect: Implications to Portfolio Performance." The Academy of Financial Services, Paper Abstracts, pp. 33. 1. Elfakhani, S. and T. Zaher, 1993, "The Differential Information Hypothesis, Institutional Neglect and the small Firm Size Effect: A Possible Explanation," The Academy of Financial Services, Paper Abstracts, pp. 7.

Letter to the Editor Published in a Refereed Journal:

1. Elfakhani, S., 1994, "The Expected Favorableness and the Signalling Role of Dividend Announcements," Financial Management, FM Letters, Vol. 23, No. 3, pp. 10-11.

Published Preface for a Refereed Journal

1. Elfakhani, S., 2007, Preface for the First Issue of “Journal for Global Business Advancement (ISSN 1549-909X), Vol. 1, No. 1, pp. 1-3.

Working Papers and Current Research in Progress:

5. Elfakhani, S. and A. Sinno, “Islamic, Conventional, Ethical and Green Mutual Funds: A Comparative Study.” 4. Elfakhani, S. and T. Baalbaki, “The Effect of Auditor Rotation, Mandatory or Voluntary, on Audit Fees.” 3. Elfakhani, S. and N. El Meslmani, “Financing Performance under Company Founder as CEO.” 2. Elfakhani, S. and N. El Meslmani, “Market Sentiment and Its Effect on Trading in the MENA Region.” 1. Elfakhani, S., A. Ghanem, and C. Rizk, “Bank Valuation: Systematic and Fundamental Determinants of the Cost of Capital in the MENA Region.”

PROFESSIONAL RESEARCH REPORTS

2. Elfakhani, S. and H. Smahta, “Arab Stock Markets: Prospects and Deficiencies,” Majallat Al-Mouqawel Al Lubnani (Lebanese Contractor Magazine), Volume 10 (Number 104), October 2004, pp. 56-60.

26 Elfakhani, Said / June 2020 1. Elfakhani, S. and P. Shiplett, "A Comparative Study of the Advanced Technology Sectors of Saskatchewan and British Columbia," submitted to Government-related agencies and to the industry in Saskatchewan and British Columbia, Canada, 1990.

INVITED PRESENTATIONS & PANEL DISCUSSIONS

6. Invited to Moderate a Panel Discussion on “Dimensions and directions of Debt Crisis in the Euro Zone in the Year 2012.” The Panel was conducted within the Conference on “Debt Crisis in the Euro Zone: Implications, Reflections, and Lessons to Arab Economies,” organized by the General Union of Arab Chambers Under the Auspices of Mr. Riyad Salameh, Governor of Banque Du Liban, March 29, 2012. 5. Invited to Present a seminar on “Privatization Plans and the Outlook for Prosperity in Lebanon,” organized by the Lebanese Management Association (LMA) held on Wednesday March 19, 2003, Beirut, Lebanon. 4. Invited to Participate on the Discussion of Education in the English Language, which was aired on NBN TV Channel, January 21, 2001 3. Invited to Comment on the School of Business New Curriculum by the Hayat Daily Newspaper, January 19, 2001. 2. Invited to Comment on the New Customs Law, The Business Women Magazine, January 2001. 1. Invited to Participate in a Panel Discussion on “The Interaction Between Globalization and Privatization and its Effect on the Economy of Saudi Arabia.” The Manuscript of the Interview was published in Al-Riyadh, May 12, 1998, pp. 30-31.

REFEREED CONFERENCE PRESENTATIONS

41. Elfakhani, S., and A. Ghanem, 2019, “Will the Adoption of IFRS Improve the Comparability of Information Provided by Financial Statements of Listed Companies in the MENA Region?” Presented by Said Elfakhani at Session 05 “IFRS and Disclosure Quality”, Canada the Mediterranean & African Finance and Accounting Association (MEAFA) 2nd Summer Meeting, Concorde Les Berges Du Lac, Tunis, Tunisia, July 17-19, 2019. 40. Elfakhani, S., A. Ghanem, and B. Hout, 2019, “Audit Fee Levels and the Impact of Tighter Regulations on Internal Control Audit over Financial Reporting.” Presented by Said Elfakhani at the American Accounting Association, International Accounting Section Meeting, co-sponsored by the University of Quebec at Chicoutimi (UQAC) and the 7th Journal of International Accounting Research (JIAR) 2019 Annual Conference, Saguenay, Quebec, Canada, June 28-29, 2019. 39. Elfakhani, S., and W. Mackie, “The Determinants of FDIs in BRIC Countries.” Presented at the Third Annual Global Management Conference held in Godollo/Budapest, Hungary, May 4-7, 2011. Won Hillson Best Paper Silver Award. 38. Chahine, S., S. Elfakhani, and M. Omeiche, “A Comparative Study of the Performance of Islamic and Conventional Banks: Evidence from the Middle East Region.” Presented at the 2011 Eastern Finance Association 47th Annual meetings held in Savannah, Georgia, April 15, 2011. 37. Elfakhani, S., Panelist, Presented on "Nurturing Innovation, Entrepreneurship, Investments and Public Private Partnerships (PPP)- in Global Environment” Closing

27 Elfakhani, Said / June 2020 Session-Panel Discussions at the SAICON 2010-AGBA South Asia Chapter’s 2nd International conference, Bhurban, Pakistan, July 23, 2010. 36. Elfakhani, S., and Newton S. Mulama “Determinants of FDIs in Emerging Markets: The Case of Brazil, China, and India.” Presented by S. Elfakhani at the SAICON 2010-Academy for Global Business Advancements (AGBA) South Asia 2nd International Conference held in Bhurban, Pakistan, on July 21-23, 2010. 35. Sultan, A. and S. Elfakhani, “Adverse Selection in Used Car Markets: An Empirical Analysis,” Presented by A. Sultan at the Academy of International Business –US Southwest Chapter (AIB-SW) meeting held in Oklahoma City, OK, U.S.A., February 25 - 28, 2009. 34. Elfakhani, S. and N. Meslmani, “An Examination of the Interrelationship between Arab Markets and Economic Indicators," Presented by S. Elfakhani at the 2008 Eastern Finance Association 44th Annual meetings held in St. Pete Beach, Florida, April 9-12, 2008. 33. Haddad, M., G. Homaifar, and S. Elfakhani, “Comparative Intertemporal Test of Beta Stationarity Performance of Islamic Versus Secular Mutual Funds.” Presented by M. Haddad in the category of conference background papers at the Economic Research Federation (ERF) 14th Annual Conference Meeting held in Cairo, December 28-30, 2007. 32. Elfakhani, S. and Z. Halabieh, “Profit Opportunities from Successive Analysts’ Revision of Stock Grading Status.” Presented by S. Elfakhani at the Academy for Global Business Advancement (AGBA) 3rd Annual Conference, Kuala Lumpur, Malaysia, January 2006. 31. Baalbaki I., S. Elfakhani, and H. Rizk, “Gold Price Determinants: An Expanded Model.” Presented by I. Baalbaki at the Academy for Global Business Advancement (AGBA) 3rd Annual Conference, Kuala Lumpur, Malaysia, January 2006. 30. Chahine, S. and S. Elfakhani, “Are Investors Fooled by Firms Announcements? The Effect of Deregulating Price Limit on Stock Split in Japan.” Was Scheduled for Presentation at the Asian FA/FMA 2006 conference, Auckland, New Zealand, July 10-12, 2006. 29. Elfakhani, S., Hassan, K., and Y. Sidani, “Comparative Performance of Islamic Versus Secular Mutual Funds.” Presented by S. Elfakhani to the Economic Research Federation (ERF) Annual Conference Meeting, held in Cairo, December 19-21, 2005. 28. Elfakhani, S., Hassan, M. K. & Sidani, Y., “Comparative Performance of Islamic Versus Secular Mutual Funds.” Presented by K. Hassan at the University of New Orleans, USA, November 2005. 27. Elfakhani, S., M. Arayssi, and H. Smahta, “Globalization and Investment Opportunities: A Cointegration Study of Arab, U.S., and Emerging Stock Markets.” Presented by M. Arayssi to the “Prospects of Arab Economic Cooperation” Meeting, Alexandria, Egypt, June 22-24, 2004. 26. Elfakhani, S. and L. Matar, “Determinants of Foreign Direct Investments in the MENA Region,” Presented by S. Elfakhani, at the Academy for Global Business Advancement (AGBA) Inaugural Conference, New Delhi, India, January 2004. 25. Elfakhani, S., Sidani, Y., and O. Fahel, “An Assessment of the Performance of Islamic Mutual Funds.” Presented by S. Elfakhani to International Banking Conference 2003 on “From Money Lenders to Bankers: Evolution of Islamic Banking in relation to Judeo-Christian and Oriental Banking Traditions,” Prato, Italy, September 9-10, 2003.

28 Elfakhani, Said / June 2020 24. Elfakhani, S., and Z. Halabieh, “The Value of Successive Analysts' Recommendations.” Presented by S. Elfakhani to the Midwest Finance Association 52nd Annual Meeting held on March 27-29, 2003, St. Louis, Mississippi, USA. 23. Elfakhani, S., and D. Foltz, “Dividend Signaling in Canadian Markets.” Presented by S. Elfakhani to the Financial Management Association 30th Annual Meeting, Seattle, Washington, October 2000. The paper was later published in the Journal of Corporate Finance Review. 22. Elfakhani S., R. Ghantous and I. Baalbaki, “Mega-Mergers in the US Banking Industry.” Presented by Said Elfakhani to the 2000 Financial Management Association European Conference (E FMA) Meeting, Edinburgh, Scotland, May 2000. 21. Ghaziri, H., S. Elfakhani, and Jolnar Assi, “Comparing the Performance of the Black- Scholes Model and Neural Networks for Pricing Options,” Presented by H. Ghaziri to the Seventh International Workshop on Parallel Applications in Statistics and Economics, Belgium, April 2000. 20. Elfakhani, S., and T. Lung, “The Effect of Split Announcements on Canadian Stocks.” Presented by S. Elfakhani to the Sixth Annual Global Finance Conference, Istanbul, Turkey, April 1999. 19. Elfakhani, S., and T. Lung, “The Effect of Split Announcements on Canadian Stocks.” Presented by S. Elfakhani to the Financial Management Association 28th Annual Meeting, Chicago, Illinois, October 1998. 18. Elfakhani, S. and J. Wei, “Small-Firm Effect, Low Price Effect, and the Survivorship Bias in Canadian Markets.” Presented by S. Elfakhani at the Sixth Conference on Pacific Business, Economics and Finance Meeting, Hong Kong, May 1998. 17. Elfakhani, S., “Short Positions, Corporate News and the Transfer of Information: The Canadian Evidence,” Presented by S. Elfakhani at the Conference on Administrative Sciences: New Horizons and Roles in Development Administered by the College of Industrial Management, King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia, March 1998. 16. Elfakhani, S., "Short Positions, the Size Effect, and the Liquidity Hypothesis: Implications to Stock Performance." Presented by S. Elfakhani to the Eastern Finance Association 33rd Annual Meeting, Panama City Beach, Florida, April 1997. 15. Elfakhani, S., R. Wionzek, and M. Chaudhury, "A Close Examination of Profit Opportunities in the Canadian Canola and Feed Wheat Futures.” Was Accepted and Scheduled for Presentation to the Administrative Sciences Association of Canada 17th Annual Meeting, Finance Division, Montreal, Quebec, May 1996. 14. Elfakhani, S., and T. Zaher, "The Firm Size Effect and Insider Trading." Presented (Under Conference Posters) to the Academy of Financial Services ninth Annual Meeting, New York, NY, October 1995. 13. Elfakhani, S., L. J., Lockwood, and T. Zaher, "The Size Effect in the Canadian Stock Market." Presented by S. Elfakhani to the Financial Management Association 25th Annual Meeting, New York, NY, October 1995. 12. Elfakhani, S. and M. Chaudhury, "Listing of Put Options: Is There Any Volatility Effect?" Presented by S. Elfakhani to the Southern Finance Association 35th Annual Meeting, South Carolina, Charleston, November-December 1994. (The paper was nominated by the Program Committee for consideration for one of the monetary awards.) 11. Elfakhani, S. and T. Zaher, "Asymmetric Information, Insider Trading, and the Small Firm Size Effect: An Empirical Investigation." Presented by S. Elfakhani to the

29 Elfakhani, Said / June 2020 Financial Management Association 24th Annual Meeting, St. Louis, Missouri, October 1994. 10. Elfakhani, S., "The Differential Information Hypothesis, Short Sales and the Size Effect: Implications to Portfolio Performance." Presented by S. Elfakhani at the Academy of Financial Services eighth Annual Meeting, St. Louis, Missouri, October 1994. 9. Elfakhani, S. and M. Chaudhury, "The Volatility Effect of Options Delisting: Some Canadian Evidence." Presented by S. Elfakhani to the Academy of Business Administration Meeting, London, England (UK), June 1994. 8. Elfakhani, S. and T. Zaher, "Differential Information Hypothesis, Institutional Neglect and the small Firm Size Effect: A Possible Explanation." Presented by S. Elfakhani to the Academy of Financial Services seventh Annual Meeting, Toronto, Ontario, October 1993. 7. Elfakhani, S. and T. Zaher, "Determinants of the small Firm Size Effect: A Possible Explanation." Presented by S. Elfakhani to The Financial Management Association 22nd Annual Meeting, San Francisco, California, October 1992. 6. Elfakhani, S. and C. Zabos, "A Possible Explanation of the Small Firm Effect: The Canadian Evidence." Presented by S. Elfakhani to The Administrative Sciences Association of Canada 13th Annual Meeting, Finance Division, Quebec, Quebec, June 1992. 5. Elfakhani, S., "The Interaction between Systematic Risk, Firm Size and Price-Earnings Ratios on the Portfolio Performance: The Canadian Evidence." Presented by S. Elfakhani to the Financial Management Association 21st Annual Meeting, Chicago, Illinois, October 1991. 4. Elfakhani, S., “Towards Solving the Dividend Policy Puzzle: The Good News and the Bad News in Dividend Signals." Was Accepted and Scheduled for Presentation to the Eastern Finance Association 27th Annual Meeting, Homestead, Hotsprings, Virginia, April 1991. 3. Elfakhani, S. "The Dividend Policy and the Signalling Theory: A Comprehensive Study of Dividend Signals." Presented by S. Elfakhani to the Northern Finance Association, second Annual Meeting, Banff, Alberta, September 1990. 2. Elfakhani, S. and H. Bishara, "Portfolio Performance: The Effect of Firm Size and the Use of Price Earnings Ratios in Common Stock Selection". Presented by S. Elfakhani to the Administrative Sciences Association of Canada 11th Annual Meeting, Finance Division, Whistler, British Columbia, June 1990. 1. Elfakhani, S. and L. J. Merville, "Toward Solving the Dividend Policy Puzzle: A New Version of the Signalling Theory." Presented by S. Elfakhani to the Northern Finance Association, first Annual Meeting, Ottawa, Ontario, September 1989.

SEMINAR PRESENTATIONS

8. Presented a seminar on “Accreditation: Commitment to Excellence in Business Education,” the Faculty of Business and Economics at Haigazian University, April 28, 2014. 7. Presented a seminar on “Why Focus on Africa and Ghana? A Brief Comparison of Trade Statistics between the U.S. and BRIC-Ghana Countries,” sponsored by CBM, CBED, and the Great Lakes Bay Manufacturing Association, held on April 15, 2010. 6. Offered a Workshop on “Publishing International Business Research” jointly with Dr. George Puia, Dow Chemical Chair in Global Business, held on February 19, 2009, 30 Elfakhani, Said / June 2020 SVSU. 5. Presented by S. Elfakhani on “The Effect of Deregulating Price Limit on Stock Split in Japan,” to a research seminar at the College of Business and Management, SVSU, September 2007. 4. Participated in a Panel Discussion on “Reviving the Common Arab Market to Interact with the Middle Eastern Common Market.” The Panel is part of the Beirut Exhibition of International Arabic Book conference and was held on November 16, 2000. 3. Presented on “Living on a Small Budget” at the Main Library, Saskatoon, January 29, 1997. 2. Presented on “Money Management Tips: Stretching Your Student’s Dollar” to the University of Saskatchewan Student Union (USSU), Saskatoon, January 20, 1997. 1. Presented on “Introduction to Personal Financial Management” at the Main Library, Saskatoon, January 13, 1997.

EXTERNAL REFEREE FOR PROMOTION, TENURE, & REAPPOINTMENT CASES

Member, the University Due Process Monitor” Committee, for monitoring two promotion cases from Assistant to Associate Professor and two promotion cases from Associate to Full Professor, Spring 2019. By invitation, External Referee for two promotion cases to the associate professor rank at the University of Jordan, Jordan, February and June, respectively, 2019. Invited as External Referee for one promotion case to the full professor rank at the Al Balqa’a Applied University (BAU), Jordan, December 2018. By invitation, External Referee for one promotion case to the associate professor rank at the University of Kuwait in 2018. Member of the Expanded Advisory Committee for the evaluation of one reappointment case at the full professor rank at the Hariri School of Nursing (HSN), February 2018. Member of the Expanded Advisory Committee for the evaluation of one promotion case to the associate professor rank at the Faculty of Health Sciences (FHS), 2016-2017. Member of Faculty of Arts and Sciences Committee to examine one reappointment case at the full professor rank at the Department of Economics (FAS), January-February, 2016. Member of the Expanded Advisory Committee for the evaluation of seven cases for the promotion to the associate professor rank and two cases for the promotion to the full professor rank at the Faculty of Engineering (FEA), 2015-2016. Chaired the Promotion Committee for the evaluation of one promotion case to the associate professor at the Economics Department (FAS), 2015-2016. Member of the Expanded Advisory Committee for the evaluation of twelve cases for the promotion to the associate professor rank and five cases for the promotion to the full professor rank at the Faculty of Arts and Sciences (FAS), 2014-2015. By invitation, External Referee for one renewal case at the associate professor rank at the Faculty of Health Sciences (FHS), 2003. By invitation, External Referee for one promotion case to the full professor rank at the Faculty of Engineering (FEA), 2002. Member of the Ad-Hoc FHS Committee for one promotion case to the associate professor rank at the Faculty of Health Sciences (FHS), 2001. By invitation, reviewed three promotion cases to the associate and full professor rank at the Lebanese American University in 2002 and 2005.

31 Elfakhani, Said / June 2020 By invitation, reviewed one promotion case to the associate professor rank at the Fahad Bin Sultan University, Saudi Arabia, in 2011. By invitation, reviewed three promotion cases to the associate professor rank at the King Fahd University of Petroleum and Minerals, Saudi Arabia, in 1997, 2001, and 2002. By invitation, reviewed two promotion cases to the assistant professor rank and one case to the associate professor rank at Dhofar University, 2006, and 2010. By invitation, reviewed one promotion case to the full professor rank and four cases to the associate professor rank at the University of Kuwait in 2002, 2003, 2004, 2016, and 2017. By invitation, reviewed one promotion case to the full professor rank and two cases to the associate professor rank at the University of Jordan in 2003 and 2004. Member of the College Promotion Committee for the evaluation of several promotion cases at the College of Commerce in the University of Saskatchewan, Canada, 1992-1997. Member of the Department Promotion Committee for the evaluation of all promotion cases at the Department of Finance and Management Sciences in the University of Saskatchewan, Canada, 1991-1997, Involved in the evaluation of one promotion case of a Librarian in the University of Saskatchewan, Canada 1996. By invitation, reviewed one tenure case at York University, Canada 1993.

PROFESSIONAL PRACTICE AND OTHER INTELLECTUAL CONTRIBUTIONS

Editorial Board Membership: 7. Invited Member of the Editorial Board for the Journal of Contemporary Issues and Thought (JCIT), published by Sultan Idris Education University, November 2019- present. 6. Invited Member of the Editorial Board for the Entrepreneurship and Business Innovation in the Middle East (EBIME), Edited by Dr. Philippe Zgheib, Inderscience publication, January 2016-present. 5. Invited Member of the Editorial Board for the International Journal of Monetary Economics and Finance (IJMEF), Edited by Professor Bruno S. Sergi, University of Messina, Italy, Inderscience publication, March 2015-present. 4. Invited Member of the International Editor Board for the Islamic and Middle East Business Review, Abu Dhabi Chamber of Commerce and Industry, January 2007-2009. 3. Invited Member of the Editor Board for the Global Business Advancement (GBA) sponsored by the Academy for Global Business Advancement (AGBA), 2006-2009. 2. Invited Associate Editor of the Global Business Review (GBR) sponsored by the Academy for Global Business Advancement (AGBA), 2004-2005. 1. Invited Associate Editor of the Journal of Practical Financial Economics (PFE), 2000.

Guest Editor for a Refereed Journal: 1. Invited Guest Editor for the First Issue of the Journal for Global BusinessAdvancement, (ISSN 1549-909X), Vol. 1, No. 1, 2007. Published by Inderscience. 2. Publishers of Switzerland and UK, and Listed within “ProQuest” Business Database. Wrote the preface for this issue as well as served as the Country Editor for Lebanon.

32 Elfakhani, Said / June 2020 Patron for Refereed Journals and Proceedings: 3. Invited Patron for the Journal for International Business and Entrepreneurship Development, Vol. 3, Nos. 1/2 (ISSN 1549-9324), 2006. 2. Invited Patron for the Third Volume of the “Advances in Global Business Research Proceedings, AGBA, (Vol. 2, No. 1, ISSN 1549-9332), January 2006. 1. Invited Patron for the Second Volume of the “Advances in Global Business Research Proceedings, AGBA, (Vol. 2, No. 1, ISSN 1549-9332), January 2005.

Professional Service:

Journal Reviewer 19. Invited as a Referee for the American Journal of Theoretical and Applied Business (AJTAB). Reviewed One Paper in December 2018. 18. Invited as a Referee for the Theoretical Economics Letters (TEL). Reviewed One Paper in December 2018. 17. Invited as a Referee for the Management Research Review (MRR). Reviewed One Paper in January 2016. 16. Invited as a Referee for the Business Ethics: A European Review Journal (BEER). Reviewed One Paper in October 2015. 15. Invited as a Referee for the International Journal of Monetary Economics and Finance (IJMEF). Reviewed Three Papers in April and November 2015. 14. Invited as a Referee for the International Journal of Islamic and Middle Eastern Finance and Management (IMEFM). Reviewed One Paper in May 2011. 13. Invited as a Referee for the Journal of Management and Governance (JMG). Reviewed One Paper in August and November 2010. 12. Invited as a Referee for the Financial Review (FR). Reviewed Three Papers in 2002, 2005, and June 2010. 11. Invited as a Referee for the International Review of Applied Financial Issues and Economics (IRAFIE), 2002. Reviewed Two Papers in June and August 2010. 10. Invited as a Referee for the Thunderbird International Business Review (TIBR). Reviewed One Paper in October 2007. 9. Invited as a Referee for Arab Journal of Administrative Sciences (AJAS). Reviewed One Paper in September 2005. 8. Invited as a Referee for the International Review of Economics and Finance (IREF). Reviewed One Paper in April 2005. 7. Invited as a Referee for the Journal of Global Business Advancement (GBA). Reviewed One Paper in April 2007, and Two Papers in November 2003. 6. Invited Reviewer for The Congress of the International Management Development Association (IMDA), 2002-2010. 5. Nominated to Referee for the Journal of Economic and Administrative Sciences, 1997. 4. Invited as a Referee for the Applied Financial Economics (AFE). Reviewed Three Papers in 1996, 2001, and 2002. 3. Invited as a Referee for the Review of Financial Economics (RFE). Reviewed Two Papers in 1995, and 1996. 2. Invited as a Referee for the Global Business and Finance Review. Reviewed One Paper in 1995. 1. Invited as a Referee for the Quarterly Journal of Business and Economics (QJBE). Reviewed One Paper in 1992.

33 Elfakhani, Said / June 2020 Book Review: 1. Invited to review "Fundamental of Corporate Finance, 2nd Canadian Edition," by Ross, Westerfield, Jordan, and Roberts, April-June, 1994.

Ph.D. Dissertation Examiner/Reviewer: 2. Invited as the Examiner to evaluate the Ph.D. Thesis of Ms. Soha Khan entitled “Stock Market Efficiency in India: Some Empirical Investigation,” Department of Business Administration of Aligarh Muslim University, Aligarh, India. Thesis was reviewed in May-June 2009. 1. Invited to review a Ph.D. Dissertation entitled “Maturity and Non-Trading Effects of the Basis in Stock Market Indices: Evidence from the S & P 500 and the MMI,” for the Administrative Sciences Association of Canada - ASAC’ Best Ph.D. Dissertation in Administrative Sciences Award, Montreal, Quebec, May, 1996. Participation in Organizing Conferences: 15. Moderator of “Auditing and Practice IV” 2E Session within the Concurrent Session 2” at the American Accounting Association, International Accounting Section Meeting and the 7th Journal of International Accounting Research (JIAR) 2019 Annual Conference, Saguenay, Quebec, Canada, June 28-29, 2019. 14. Member of OSB Organizing Team for a Conference Entitled “Entrepreneurship and Risk Financiers in Emerging Countries,” 2016. 13. Chaired the “Securities Issuance II” H.3 Session at the Eastern Finance Association 47th Annual Meeting, Hyatt Regency – Riverfront, Savannah, Georgia, April 16, 2011. 12. Chaired the “Mutual Funds Management and Fees” K.3 Session at the Eastern Finance Association 45th Annual Meeting, Grand Hyatt Washington, Washington D.C., May 2, 2009. 11. Served as a member of the Program Committee for the Eastern Finance Association 45th Annual Meeting, April 29-May 2, 2009, Washington D.C. 10. Chaired the “Emerging Markets” F.8 Session within the “International Finance” Track at the Eastern Finance Association 44th Annual Meeting, Trade Winds Island Resorts, St. Pete Beach, Florida, April 11, 2008. 9. Served as a member of the Program Committee for the Eastern Finance Association 44th Annual Meeting, April 9-12, 2008, St. Pete Beach, Florida. 8. Invited to co-chair the Finance Session at the Academy for Global Business Advancement 3rd Annual International Conference, Kuala Lumpur, Malaysia, January 2006. 7. Invited as a Conference Patron of the Inaugural Conference of the Academy for Global Business Advancement (AGBA), January 2004. 6. Invited to chair a session on “Global Business Potpourri at the Academy for Global Business Advancement 1st Annual International Conference, New Delhi, India, January 2004. 5. Invited to chair a session at the Midwest Finance Association 52nd Annual Conference, St. Louis, Missouri, March 2003. 4. Session Chair, “Professional Measurement and Professionals,” Association of Authorized Accountants in Lebanon, Beirut, Lebanon, October 2002. 3. Invited to join the Program Committee for the European Financial Management Association Meeting, Paris, France, 2001. 2. Session Chair, “Administrative Sciences: New Horizons and Roles in Development,” College of Industrial Management, King Fahd University of Petroleum and Minerals,

34 Elfakhani, Said / June 2020 Dhahran, Saudi Arabia, March 1998. 1. Member of the Program Committee of the Eastern Finance Association 33rd Annual Conference, Panama City Beach, Florida, April 1997.

Invited Reviewer for Refereed Conferences: 8. Served The Midwest Finance Association 60th Annual Meeting, Westin Chicago River North, Chicago, IL, March 2-5, 2011. Reviewed Eight Papers. 7. Served The Eastern Finance Association 45th Annual Meeting, Grand Hyatt Washington, Washington, D.C., April 29-May 2, 2009. Reviewed Four Papers. 6. Served The Eastern Finance Association 44th Annual Meeting, Trade Winds Island Resorts, St. Pete Beach, Florida, April 9-12, 2008. Reviewed Six Papers. 5. Served The Administrative Sciences: New Horizons and Roles in Development Conference, College of Industrial Management, King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia, March 1998. Reviewed One Paper. 4. Served The Administrative Sciences Association of Canada, Finance Division's Conference, Montreal, Quebec, May 1996. Reviewed Three Papers. 3. Served The Administrative Sciences Association of Canada, Finance Division's Conference, Banff, Alberta, June 1993. Reviewed Three Papers. 2. Served The Administrative Sciences Association of Canada, Finance Division's Conference, Quebec City, Quebec, June 1992. Reviewed Two Papers. 1. Served The Administrative Sciences Association of Canada, Finance Division's Conference, Whistler, British Columbia, June 1990. Reviewed Two Papers.

Conference Discussant: 16. Invited to Discuss Issal Haj Salem, Salma Damak Ayadi and Khaled Hussainey’s manuscript on “A New Measure of Risk Disclosure Quality,” at the Mediterranean & African Finance and Accounting Association (MEAFA) 2nd Summer Meeting, Concorde Les Berges Du Lac, Tunis, Tunisia, July 17-19, 2019. 15. Invited to discuss Janus Jian Zhang, Jiao Jing, Kenneth Leung and Jeffrey Ng’s manuscript on “Fixing the Core, Earnings Management and Sustainable Emergence from Financial Distress: Evidence from China’s Special Treatment System,” the American Accounting Association, International Accounting Section Meeting and the 7th Journal of International Accounting Research (JIAR) 2019 Annual Conference, Saguenay, Quebec, Canada, June 28-29, 2019. 14. Invited to discuss Fangfang Hou, Jeffrey Ng and Xinpeng Xu‘s manuscript on “Does Credit Information Sharing Benefit Firm Innovation?,” the American Accounting Association, International Accounting Section Meeting and the 7th Journal of International Accounting Research (JIAR) 2019 Annual Conference, Saguenay, Quebec, Canada, June 28-29, 2019. 13. Discussed Prather, Laurie, and Will Bertin’s Paper on “The influence of management structure on the performance of Fund of Funds,” The Eastern Finance Association (EFA) 45th Annual Meeting, Washington D.C., May 2009. 12. Discussed Alaganar, V.T., G. H. Partington, and M. Stevenson’s Paper on “Do Ex- Dividend Drop-Offs Differ across Markets? Evidence from Internationally Traded (ADR) Stocks,” The Financial Management Association (FMA) 31st Annual Meeting, Toronto, Ontario, Canada, October 2001. 11. Discussed Black, H. A., T. P. Boehm, and R. P. DeGennaro’s Paper on “Is There Discrimination in Mortgage Pricing? The Case of Overages,” The 2000 FMA European

35 Elfakhani, Said / June 2020 Conference, Edinburgh, Scotland, May 2000. 10. Discussed Doshi, K., R. Johnson, E. Ortiz, and L. Soenen’s Paper on “Privatization, Financial Liberalization and Stock Market Performance: The Case of Mexico,” The Sixth Annual Global Finance Association Conference, Istanbul, Turkey, April 1999. 9. Discussed Lee, Jie-Haun’s Paper on "Price Limits, Overreaction, and Information Asymmetry: Evidence from the Taiwan Stock Market,” The Financial Management Association 27th Annual Meeting, Honolulu, Hawaii, October 1997. 8. Discussed Casey, M., D. Anderson, and R. Dicken’s Paper on “Corporate Dividend Policy and the 1986 Tax Reform Act: The Cash Flow Versus Earnings Relationships,” The Eastern Finance Association 33rd Annual Meeting, Panama City Beach, Florida, April 1997. 7. Discussed Tarrazo, M., and G. Alves’ Paper on “Portfolio Optimization under Realistic Short Sales Restrictions,” The Eastern Finance Association 33rd Annual Meeting, Panama City Beach, Florida, April 1997. 6. Discussed Kish, Richard J.’s Paper on "The Efficiency of the Treasury Bond Market," The Southern Finance Association 35th Annual Meeting, Charleston, South Carolina, November-December, 1994. 5. Discussed C. Carroll, G. W. Kelly, and K. Liano’s Paper on "A Liquid Profits Explanation for Seasonality in the Stock Market: Future Evidence," The Financial Management Association 23rd Meeting, Toronto, Ontario, October 1993. 4. Discussed the Paper on "Temporal Performance of Initial Public Offerings,” The Financial Management Association Meeting, San Francisco, October 1992. 3. Discussed K.P. Fischer and A.P. Palasvirta’s Paper on "The Monthly Pattern of Day- of-the-Week Effects: Canadian Evidence,” The Administrative Sciences Association of Canada, Finance Division's Conference, Quebec City, Quebec, June 1992. 2. Discussed Bartholdy, Jan and L. Booth’s Paper on "Investment Performance of Common S-tocks in Relation to their Price-earnings Ratios on the Toronto Stock Exchange,” The Administrative Sciences Association of Canada, Finance Division, Whistler, B.C., June 1990. 1. Discussed Davies, Phillip R. and Alan L. Tucker’s Paper on "Information Release, Signalling and Market Competition,” The Financial Management Association Meeting, Boston, October 1989.

FACULTY DEVELOPMENT ACTIVITIES

Participation in Academic Conferences and Professional Meetings:

39. Invited to attend the “Brain Bite Session on Lebanon’s Perpetual Electricity Crisis” held at IC High School on January 17, 2019. 38. Attended by invitation a “Round Table on Elite Levant,” held on November 27th, 2018, at IFG, organized by Al Yafi Group in Coordination with Banque Du Liban. 37. Invited to attend a Conference on "Retail Banking Summit in Lebanon,” organized by EFMA, Beirut, July 4, 2018. 36. Attended the Association of Certified Fraud Examiners (ACFE) Annual Conference co- sponsored by the Governor of the Banque Du Liban, Phoenicia Hotel, Beirut, Feb. 8, 2018. 35. Attended the “Financing for Development: a Vision Driven by ‘What is Needed’ without Despair over ‘How Much is Needed,” 12th Bi-Annual Meeting for the Committee for Economic & Social of West Asia (ESCWA), Beirut, December 4-5,

36 Elfakhani, Said / June 2020 2017. 34. Attended the Bootcamp program session: "Lebanon's Digital Big Bang: How to be Part of Lebanon's Tech Future and why FinTech is Leading the Way," organized by AltCity Startup Community, Beirut Digital District, Beirut, July 3, 2017. 33. Invited to attend a Conference on "Retail Banking Summit in Lebanon,” organized by EFMA, Beirut, July 26, 2016. 32. Invited to attend a Workshop on "Investment,” organized by Amana Capital, Beirut, February 26, 2014. 31. Invited to attend a reception in honor of “Young Entrepreneurs and Business Leaders” organized by the U.S. Embassy, US Embassy, Aoukar, Lebanon, June 13, 2013. 30. Invited to attend a special meeting on “LearnSmart Advantage launch,” organized by McGraw Hill at HCT, Dubai Men’s College on the May 2, 2013. 29. Invited to attend a special meeting for Universities Representatives with Dr. Rickey Yada (president of the International Union of Food Science and Technology), organized by the Lebanese Association of Food Scientists and Technologists, Beirut, Lebanon, April 20, 2013. 28. Invited to attend the Celebration and Awards Distribution Ceremony organized by the Lebanese Association for Scientific research under the Patronage of HE Prime Minster Najib Mikati in cooperation with Le Campus Numerique Francophone De Tripoli, Grand Serail, Beirut, Lebanon, April 20, 2013. 27. Invited to attend a special meeting at the “Forward Recruitment Forum” the Business Entrepreneurship Forum’s events “Entrepreneurship: The View from the United States,” offered by a U.S. Embassy panel, Beirut (Biel), Lebanon, April 19, 2013. 26. Invited to attend the Statue Dedication in honor of “President Ronald Reagan’s Special Representative to the Middle East, Former U.S. Ambassador Philip C, Habib,” organized jointly by the U.S. Embassy, the American Task Force for Lebanon – Washington D.C., and Jounieh Municipal Council, Jounieh, Lebanon, April 19, 2013. 25. Attended the “AACSB International Conference and Annual Meeting (ICAM).” The AACSB international organized this conference in Chicago, Illinois, April 7-9, 2013. 24. Attended the “Fourth International Business School Shanghai Conference (IBSSC)” organized by Shanghai Jiao Tong University, Shanghai, October 18-19, 2012. 23. Attended the “AACSB Annual Accreditation Conference.” The AACSB international organized this conference in Atlanta, Georgia, September 23-25, 2012. 22. Attended the “Young Arab Women Leaders: The Voice of the Future” organized by the Arab International Women’s Forum in cooperation with the Women Institute at LAU on September 20, 2012. 21. Invited to attend a reception in honor of “Young Entrepreneurs and Business Leaders” organized by the U.S. Embassy, US Embassy, Aoukar, Lebanon, May 2012. 20. Attended the “AACSB International 2012 Deans Conference.” The AACSB international organized this conference in New Orleans, Louisiana, February 8-10, 2012. 19. Attended the “AACSB Annual Accreditation Conference.” The AACSB international organized this conference in Philadelphia, Pennsylvania, September 25-27, 2011. 18. Attended the “Scholars’ Forum” meeting, held on February 20, 2009; and on September 12, 2008, SVSU. 17. Attended the following Primactivities Foundation Programs: - “2008 Mid-Michigan Spring Showcase” held on Monday May 12, 2008, Lansing, Michigan.

37 Elfakhani, Said / June 2020 - “Moving Ideas to Market: Engaging Education in the Global Marketplace” held on Monday April 21, 2008, Lansing, Michigan. 16. Attended (By Invitation) “Enterprise Facilitation on a College Campus” Seminar held on Monday April 15, 2008, at Michigan State University, Lansing, Michigan. 15. Attended the Western Finance 2007 Annual Meeting, held June 25-28, 2007, Big Sky, Montana, USA. 14. Attended “The Fifth Middle East-North Africa Development Forum: Making Reform Work in MENA.” This conference was organized by the Middle East and North African Region – World Bank Group – MDF Partner in cooperation with Al-Iktissad Wal-Aamal Group, and was held on April 7-9, 2006, Beirut, Lebanon. 13. Attended “The Conference Board – Middle east Business Council.” This conference was organized by the Board and sponsored by OSB-AUB, Beirut, Lebanon, March 28- 29, 2006. 12. Attended the “AACSB International Conference – Associate Deans Data Management.” This conference is organized by the AACSB international, Atlanta, Georgia, USA, December 4-6, 2005. 11. Attended the “Economic Research Forum 11th International Conference Meeting 2004 - Post Conflict Reconstruction”. This conference is organized by the AACSB international, Beirut, Lebanon, December 12-16, 2004. 10. Attended the “AACSB International Conference and Annual Meeting 2004.” This conference is organized by the AACSB international, Montreal, Canada, April 18-20, 2004. 9. Attended the “AACSB International Conference and Annual Meeting 2003: Hitting the High Notes.” This conference is organized by the AACSB international, New Orleans, Louisiana, April 24-26, 2003. 8. Attended the “Natural Gas Seminar: Energy Legislation and Regulatory Framework for Emerging Markets.” This seminar was organized by the World Energy Council - Lebanon Member Committee and sponsored by Shell International Gas Limited, December 18, 2002. 7. Attended a Workshop on "Towards a Pan Arab Insurance Industry,” organized by The Arab Insurance Forum “Al-Mountada”, Beirut, March 15-16, 2001. 6. Attended a Workshop on "Civil Aviation Strategy for Lebanon: Components and Implementation Plan," organized by the Ministry of Public Works and Transportation headed by H.E. Najib Mikati, held on March 13-14, 2001, at the AUB Alumnus Club. 5. Attended Two-Day Workshops Organized by BIFIS/Lebanon Opportunities on “Business and Corporate Finance, Real Estate, Retail Banking and Investment,” Beirut, Lebanon, February 3-4, 2000. 4. Attended a Seminar by Professor Paul Beaumont on “Computational and Mathematical Finance: What Are All of Those Physicists Doing on Wall Street “conducted in Beirut, Lebanon, June 11, 1999. 3. Attended “Lebanon’s Investment Challenges; An Agenda Towards the Millennium - Towards Building a Comprehensive System of Investors’ Preferential Attributes,” Held at Summerland Hotel, Beirut, Lebanon, March 3-5, 1999. The Data and Investment Consult - Lebanon: The Centre for Emerging Markets Studies organized this meeting. 2. Attended the “Industrial Investment Forum for Lebanon,” at the United Nations Economic and Social Commission for Western Asia (ESCWA), Beirut, Lebanon, February 2 and 3, 1999. The meeting was organized jointly by the United Nations Industrial Development Organization (UNIDO) and Investment Development

38 Elfakhani, Said / June 2020 Authority of Lebanon (IDAL) and sponsored by the Government of the Kingdom of Saudi Arabia. 1. Attended a Condensed Course on “Building Knowledge and Expertise in Infrastructure Finance,” Beirut, Lebanon, 7-18 December 1998. The Economic Development Institute of the World Bank organized this conference jointly with the Arab Fund for Economic and Social Development.

Undertaking Faculty Growth Related Activities:

53. Attended a Workshop on “Project Analysis Tools & Techniques for Managing Risk & Uncertainty,” organized by GLOMACS (UK), held at Grosvenor House London, UK, July 16-20, 2018. 52. Attended a Workshop by Dr. Michael G. McMillan, Director of Ethics and Professional Standards at CFA Institute, on “Interactive Presentation Examining Several Real Life Ethical Dilemmas in the Financial Services Industry,” organized by OSB jointly with CFA Tour, held at OSB Maamari Auditorium 12:30-1:30 p.m. February 27, 2018. 51. Attended a Workshop by Jason A. Voss, Content Director at CFA Institute, on “Integrating Meditation in Your Life as an Investment Professional to Improve Performance,” organized by OSB jointly with CFA Tour, held at OSB Maamari Auditorium 6:00-7:30 p.m., Tuesday February 20, 2018. 50. Attended a Blended Training Workshop offered by AUB IT Academic Services, Department of Information Technology, November 18 and 28, December 2, 2016. 49. Attended a Special Moodle Training Workshop offered by AUB IT Academic Services, Department of Information Technology, October 31-December 3, 2016. 48. Awarded a “Certificate of Achievement” for completion of a Training Workshop on SPSS offered by Formatech, Beirut, Oct. 3 to 19, 2016 (8 sessions, 3 hours each). 47. Attended a conference organized on “The Economic Future of Lebanon: Priorities, Policies and Outlooks,” organized by the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, Beirut, Lebanon, June 9, 2014. 46. Attended a training workshop on “Principles and Practices for Teaching Executive Education,” organized by Babson College, Boston, August 13-17, 2012. 45. Attended the IFC workshop on “the Introduction of Mediation in the Curriculum of Law and Business Faculties in Lebanon,” ESCWA, Beirut, June 13-14, 2012. 44. Attended the Arab Forum for Environment and development (AFED) meeting on “Ecological Footprint and Sustainability Options in Arab Countries,” hosted by LAU, Beirut, Lebanon, April 27, 2012. 43. Attended the 60th Annual Meeting of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, Beirut, Lebanon, March 12, 2012. 42. Attended the seminar on “Knowledge Conference – Global Business Leaders Talk: Performing in a Challenging World,” held on the occasion of Fransabank 90 Years Anniversary Celebrations, hosted by the General Union of Arab Chamber of Commerce, Industry and Agriculture, Beirut, Lebanon, February 22, 2012. Speakers included H.E. Mr. Adnan Kassar, H.E. Mr. Riad Salame, Mr. Helmut Maucher, Mr. Jean-Rene Fourtou, and Mr. Philippe de Fontaine Vive. 41. Attended the following Executive Speakers Series Meetings: - “How to Survive and Thrive in Changing Markets,” presented by Ms. Pamela J. Dempsey, Entrepreneur & Author, held on February 7, 2011. - “Changing Careers,” presented by Mr. William P. Vititoe, Past Chairman, CEO and

39 Elfakhani, Said / June 2020 President of Washington Energy Company, held on November 9, 2010. - “Vietnam: Success, Challenges and Finance,” presented by Mr. Clarence M. Rivette, President of Wirt-Rivett Financial & Leasing Services, held on April 7, 2010. - “Trends in the New Economy or How to Survive the Next Big Thing,” presented by Mr. George Hamilton, Vice President of Government Markets at Dow Chemical Company, held on February 15, 2010. - “Sustainability in a Non-Profit World: A Model that Works,” presented by Mr. David Gomez, President and CEO of Health Delivery, Inc., held on October 21, 2009. - “From Composites to Solar Panels,” presented by Mr. Christopher M. Edwards, President of Fulcrum Composites, Inc., held on March 19, 2009. - Presentation by Mr. Richard A. Olson, GANTEC President, held on October 29, 2008. 40. Attended the following Tri-County Economics Club (TCEC) Meetings: - “Getting a Start Up-Up and Started,” presented by Ed Shaffer, Advanced Battery Concepts along with Ted Skinner, Blue Water Angels, held on October 25, 2010. - “Industry/State of MI Cooperation in Employee Training for Future Jobs in Michigan,” presented by Jennifer Hayes, the Dow Chemical Company, held on October 26, 2009. - “Auto Industry Trends/Futures,” presented by Bernard Swiecki, Director, Market Analysis, Center for Automotive Research (CARS), held on March 23, 2009. - “Year in Review,” presented by David Littmann, Senior Economist at MacKinac Center for Public Policy, held on February 23, 2009. - “Global Competition,” presented by Tom Watkins, CEO of TDW & Associates, held on January 19, 2009. - “Impact of Right to Work Legislation in Michigan,” presented by Paul Kersey, Director of Labor Policy at Mackinac Center for Public Policy, held on November 24, 2008. - “Election Prediction,” presented by Bill Ballenger (Editor, Inside Michigan Politics), held on October 27, 2008. - “Health in Michigan,” presented by Dr. Gregory Forzley, held on April 28, 2008. - “Beyond the Big Leave: The Future of U.S. Automotive Human Resources,” presented by Kristin Dziczek & Bernard Swiecki, held on March 24, 2008. - “Bioagriculture in the Saginaw Valley and Beyond,” presented by Dr. Christopher Schilling, held on February 25, 2008. - “Future of Michigan Economy,” presented by Dr. Charles Ballard, held on January 27, 2008. 39. Attended the following Saginaw Valley Manufacturers’ Association (SVMA) Activities/Meetings: - “The Employee Free Choice Act: A Prescription for Disaster,” presented by Robert A. Kendrick, Ellen E. Crane, and Braun Kendrick Finkbeiner P.L.C., April 23, 2009. - “Capabilities Tour,” October 16, 2008. - “Green Methods Can Lead to Green Profits,” presented by Mr. Joe Barger, April 17, 2008. - “Increased Business and Profitability,” a 3-for-1 presentation by Mr. Gary Pen, Ms. Sussman Sikes, Mr. Judd Seida, and Mr. Bryan Hanson, March 6, 2008. 40 Elfakhani, Said / June 2020 38. Participated and attended the following academic presentations administered by the SVSU Center for Family Business (formerly FBP) Activities: - Presentation on "Networking to Build and Grow Your Family Business," by Mr. Dan Handley, President of Handley & Associates, Oct. 29, 2009. - Presentation on " Family Business Policies: Developing Solutions to Problems in Advance," by Dr. Kelly LeCouvie, Schulich School of Business, York University, Canada, Sep. 24, 2009. - Presentation on " SUCCESSion Planning for the Family Business,” by Greg Demers, Chairman of Braun Kendrick Finkbeiner’s Business Department, Mar. 27, 2009. - Presentation on "Managing Family Business Dilemmas that Can’t Be Solved," by Dr. Amy Schuman, Feb. 26, 2009. - Presentation on "How to Protect the Value of Your Greatest Investment - Your Business," by Mr. August J. Hurt (CIMA, CFP), Jan. 30, 2009. - Presentation on “When a Key Player is NOT a Family Member,” by Dr. Steve McClure, held on Nov. 20, 2008. - Member Meeting held on November 25, 2008. - Member Meeting held on October 7, 2008. - Presentation on “The Next Generation: Its Eight Biggest Challenges,” by Dr. Greg McCann, held on Oct. 3, 2008. - Presentation on “The Relevance of Family Business in the Business Curriculum and Research Opportunities in the Discipline of Family Business,” by Dr. Greg McCann, held on Oct. 2, 2008. - Meeting at the Bay City Country Club, held on September 22, 2008. - Presentation on “Keeping the Channels of Communication Clear and More Effectively Handling Conflict,” by Dr. Christopher J. Eckrich, held on April 25, 2008. - All-Member and Sponsor Meeting on April 8, 2008. 37. Attended a seminar on “U.S. & Japan: Partners in a Global Economy,” by Mr. Tamotsu Shinotsuka, Consul General of Japan in Detroit, at Seton Cove Center, Saginaw, MI, March 31, 2009. 36. Attended “Equity Markets Microstructure” Seminar Organized at the Zicklin School of Business, Baruch College, CUNY, November 12-14, 2008. 35. Undertook the following SVSU Faculty Development Workshops: - Video Production for Course Content, Offered on November 19, 2008. - Mail Merge using WORD 2007, Offered on November 17, 2008. - Course Design: From Course Description to Assessment, Offered on November 8, 2008. - Camtasia Screencasting for Online Course Development, Offered on November 6, 2008. - Video Conferencing, Offered on November 6, 2008. - The Grant Writer’s Toolbox, Offered on October 22, 2008. - Virus Spyware, Adware Protection: Home PC Maintenance, Offered on October 16, 2008. - WORD 2007, Offered on October 10, 2008. - GotoMeeting, Offered on September 16, 2008. - Groupwise Email and Calendar, Offered on September 11, 2008. 34. Attended the web-based seminar titled “Online Course Quality Standards,” as a

41 Elfakhani, Said / June 2020 supplement to Sloan programs, organized by SVSU and held on Friday Aug. 22, 2008. 33. Attended the Center for International Business Education and Research (CIBER) “Survey of International Business” Seminar Organized at the Moore School of Business, the University of South Carolina, June 9-14, 2008. 32. Completed the following Sloan Online Training Session: “Getting Started: Online Course Development Basics,” April 23-May 16, 2008. 31. Trained on using Laptop Tablet by the Office of Information Technology Services of the College of Business and Management at the Saginaw Valley State University, January 2008. 30. Trained on using Advanced Power Point Techniques by the Office of Information Technology Services of the College of Business and Management at the Saginaw Valley State University, January 2008. 29. Trained on using VSpace by the Office of Information Technology Services of the College of Business and Management at the Saginaw Valley State University, January 2008. 28. Trained on using WebCT by the Office of Instructions Design Services of the School of Management at University of Texas at Dallas, April 2007. 27. Attended the Audio-Visual Workshop Organized by the Office of Audio-Visual Services of the School of Management at University of Texas at Dallas, April 2007. 26. Attended the Seminar on Strategic Planning Organized by the Office of the Provost at The American University of Beirut, Beirut, Lebanon, April 8, 2005. 25. Attended the Seminar on Academic Advising Organized by the Office of the Provost at The American University of Beirut, Beirut, Lebanon, January 14, 2005. 24. Attended the COMFAR III (Computer Model for Feasibility Analysis and Reporting) Advanced Seminar organized by the United Nations Industrial Development Organization (UNIDO), Vienna, Austria, November 10-14, 2003. 23. Attended the Balanced Score Card Workshop Organized by the Office of Services Quality and REP at The American University of Beirut, Beirut, Lebanon, August 12- 13, 2003. 22. Attended Four WebCT (I, II, III, and IV) Workshops Organized by the Office of Academic Computing Center at The American University of Beirut, Beirut, Lebanon, July 2003. 21. Attended a One-Day Workshop Organized by the Department of Education at AUB on “Seminar on Developing Program and Course Learning Outcomes,” Beirut, Lebanon, April 12, 2003. 20. Attended the COMFAR (Computer Model for Feasibility Analysis and Reporting) seminar organized by the United Nations Industrial Development Organization (UNIDO), December 9-13, 2002. 19. Attended a Workshop on Using Power Point I at the AUB, November 15, 2001. 18. Attended a Seminar on Value Added Tax (VAT). This seminar explained the mechanism of VAT and its implications. The seminar was organized by Ernst & Young (Dublin-Ireland and Beirut-Lebanon Offices), October 13, 2001. 17. Attended a one-day Seminar on Service Excellence at the AUB. This seminar introduced methods and techniques to enhance faculty service excellence at AUB. April 12, 2001. 16. Attended a Workshop on Developing Web Page at the AUB, March 13, 2001. 15. Attended a Two-Day Workshop on “Preparing Business Programs Offered by Universities in the Arab Region for the American Assembly of Collegiate Schools of

42 Elfakhani, Said / June 2020 Business (AACSB) Accreditation.” The Arab Administrative Development Organization (ARADO) organized this workshop in Cairo, Egypt, November 4-5, 2000. 14. Attended a Five-Day Workshop Organized by the Office of the Provost at The American University of Beirut on “Online Learning,” Beirut, Lebanon, August 7-11, 2000. 13. Attended a One-Day Workshop Organized by the Task Force on Undergraduate Teaching Excellence on “Teaching Effectiveness,” Beirut, Lebanon, June 6, 2000. 12. Attended a One-Day Workshop Organized by the Task Force on Undergraduate Teaching Excellence on “Cooperative Learning in the College Classroom,” Beirut, Lebanon, May 9, 2000. 11. Attended a Panel Seminar Organized by MBA Students at the GSBM on “Copyright or Copyleft,” Beirut, Lebanon, May 2, 2000. 10. Attended a Seminar by Dr. Elias Awad on “Electronic Commerce in Banking,” Beirut, Lebanon, January 8, 1999. 9. Attended One-Day Workshop by Dr. Elias Awad on “Expert Systems,” Beirut, Lebanon, January 7, 1999. 8. Attended a Seminar by Mr. Riyadh H. Kaidbey (Chief Executive Office of Federal Bank of Lebanon) on the role of Middle East Banks in Financing Energy Projects in the Region, Beirut, Lebanon, January 7, 1999. 7. Attended part of the Seminar on Risk Management by Dr. Jihad S. Nader, Beirut, Lebanon, December 10-11, 1998. 6. Nominated by the College of Industrial Management, King Fahd University of Petroleum and Minerals, to attend the “Gulf Excellence Forum 97,” organized by the Chamber of Commerce and Industry - Eastern Province, Dammam, November 25 and 26, 1997. 5. Attended a two-day Seminar on “Applications of Financial Futures and Options for Educators at the Chicago Board of Trade (CBOT).” This advanced seminar included sessions on managed futures, theoretical models and the real world, institutional use of futures, research issues, and a trading simulation at the floor. October 27-28, 1994. 4. Attended a series of Seminars on Investing in Mutual Funds at Indiana State University, Terre Haute, Indiana, September 14 - November 9, 1994 (18 meetings in total). 3. By Invitation, Attended the 19th Annual Spring Research Seminar at the Chicago Board of Trade (CBOT), Chicago, May 15 and 16, 1995. 2. Attended a series of Seminars on how students can identify their career/job fields (September 20 & 27, 1994), how a student can get an interview with the company he/she is interested in (October 4 & 11, 1994), and on job search strategies for students (October 18, 1994), Indiana State University, Terre Haute, Indiana. 1. Attended a two-day Seminar on Financial Futures for Educators at the Chicago Board of Trade (CBOT). This introductory seminar included sessions on hedging, cash- futures relationships, spreading, teaching derivatives courses, and a tour of the trading floor. September 29-30, 1994.

PUBLIC SERVICE & APPEARANCES

39. Interviewed on the subject of “A Survey of Financial and Economics in Lebanon.” The article appeared in Majallat Al-Muqawel Al Lubnani (Lebanese Contractor Magazine), Vol. 24, No. 182 (September 2019), pp. 42-45.

43 Elfakhani, Said / June 2020 38. Interviewed on the subject of “Living on Less: Managing Austerity in Lebanon.” The article appeared in Executive Magazine, June 2019, No. 236, pp. 48-50. 37. Interviewed on the subject of “The Future of Lebanon in Light of Debt Restructuring Crisis.” The article appeared in Majallat Al-Muqawel Al Lubnani (Lebanese Contractor Magazine), Vol. 24, No. 179 (February 2019), pp. 30-33, along with a video on Facebook. 36. Invited to be part of a survey in which 17 leading Lebanese economists gave their forecasts of the Lebanese economic performance in 2017. Economena Analytics conducted the survey and issued a report on these forecast. 35. Interviewed on the subject of “the Economic Situation in Lebanon – Questions and Answers.” The article appeared in Majallat Al-Muqawel Al Lubnani (Lebanese Contractor Magazine), Vol. 21, No. 162 (January 2016), pp. 44-47. 34. Speaker in “the 4th LAU NGO Fair” organized by LAU Outreach & Civic Engagement, under the Patronage of LAU President J. Jabbra and HE Mr. Wael Abou Faour Minister of Social Affairs, LAU, Beirut, Lebanon, April 22, 2013. 33. Speaker in “the 7th Annual Model UN Program – Middle School” organized by LAU Outreach & Civic Engagement, under the Patronage of LAU President J. Jabbra, LAU, Beirut, Lebanon, April 2012. 32. Speaker on “Launching of the CPA Exam Preparatory Program at CEP – LAU,” organized by Continued Education Program, March 5, 2012. 31. Introduced Mr. Raed Sharfeddine, Second Vice-Governor for the Banque Du Liban, Keynote Speaker for CEP Graduates Commencement, organized by CEP at LAU, October 2011. 30. Introduced Dr. Michael Agyekum Addo, Chairman and CEO of Kama Group as Dow Visiting Scholar speaking on his entrepreneurial contributions at Rhea Recital Hall, SVSU, April 14, 2010. 29. Keynote Speaker on “A New Look at Arabic Culture” to Delta College Members of the “Honors Society Dinner for Foreign Language Students,” held at the Planetariums, Bay City, April 9, 2010. 28. Presented a seminar on “Arabic Culture” to members of the “People to People” Organization, Saginaw, Michigan, November 5, 2009. 27. Offered a course on “Arabian Culture and Contributions” to members of the Osher Lifelong Learning Institute (OLLI) at SVSU, March 19, March 26, April 8 and April 9, 2009. 26. Participated and attended the College of Business & Management Advisory Board (CBMAB) meetings of: Feb. 4, 2008; May 13, 2008; May 12, 2009; and Nov. 4, 2009. 25. Participated and attended, as an ex-officio member, the Family Business Program Executive Committee meetings of: Sep. 22, 2008; Oct. 7, 2008; Nov. 25, 2008; Mar. 3, 2009; May 5, 2009; Oct. 20, 2009; and Jan. 19, 2010. 24. Attended the following Saginaw County Chamber of Commerce Activities: - Percolator Breakfast Meeting held on May 7, 2009, Saginaw, Michigan. - Percolator Breakfast Meeting held on April 3, 2008, Saginaw, Michigan. - The 145th Saginaw County Chamber of Commerce Annual Business Meeting held on March 13, 2008, Saginaw, Michigan. 23. Interviewed on the subject of “the Economic Situation in Lebanon – Questions and Answers.” The article appeared in Majallat Al-Muqawel Al Lubnani (Lebanese Contractor Magazine), Vol. 11, No. 118 (November 2006), pp. 33.

44 Elfakhani, Said / June 2020 23. Invited to Participate in a Panel Discussion on “Damages of the Israeli Aggression on Lebanese Economy and Means of Resurrection.” The Panel was conducted by the Al- Liwaa Daily Newspaper, October 14, 2006, and an article on the panel proceedings appeared on October 26, pp. 5. 22. Interviewed on the subject of “Stability of the Lebanese Pound.” The article appeared in Al-Massira - Al-Najwa, Vol. 21, No. 1086, August 21, 2006, pp. 25-26. 21. Interviewed on the subject of “AUB’s ‘clusters’ help business students stand in a class of their own.” The article appeared in Academics, Vol. 1, No. 10, April 15, 2006, pp. 34-35. 20. Interviewed on the subject of “Banks and Their Expected Role in ‘Beirut-1’.” The article appeared in Majallat Al-Muqawel Al Lubnani (Lebanese Contractor Magazine), Vol. 11, No. 116, April 2006, pp. 23-25. 19. Interviewed on the subject of “Reform Plan Needed for the Success of Beirut Forum.” The article appeared in Al-Massira - Al-Najwa, Vol. 21, No. 1047, November 21, 2005, pp. 26-27. 18. Invited to Participate in a Panel Discussion on “Reflections on Bank Al Madina Case.” The Panel was conducted by the Al-Liwaa Daily Newspaper, November 10, 2005 and an article on the panel proceedings appeared on November 14, pp. 5. 17. Interviewed on the subject of “The Lebanese Economy Cannot Afford Half Measures.” The article appeared in Al-Khaleej (The Gulf), No. 9612, September 12, 2005, pp. 2. 16. Interviewed on the subject of “Real Estate Education,” appeared in the Real Estate Guide, November 2004, 9th Issue, pp. 45. 15. Invited to Participate in a Panel Discussion on “Granting Countries Conference and Required Commitments from Lebanon.” The Panel was conducted by the Al-Liwaa Daily Newspaper, September 22, 2005 and an article on the panel proceedings appeared on September 30, 2005, pp. 5. 14. Invited to Participate in a Panel Discussion on “Public Debt Between Financial Monitoring and Politicking.” Al-Liwaa Daily Newspaper conducted this Panel, and an article on the panel proceedings appeared on June 14, 2004. 13. Interviewed on the subject of “The Aftermath of Paris II.” The article entitled “Paris II is clowning Paris II,” appeared in Al-Massira - Al-Najwa, Vol.18, Issue No. 972, June 2004, pp. 22-23. 12. Interviewed on the new EMBA program and the Q&A appeared in EXECUTIVE, March 2004, No. 58, pp. 44-45. 11. Interviewed on the subject of using a basket of major international currencies to peg the Lebanese Pound. The article entitled “Pegging the Lebanese Lira to a Basket of Currencies: A Comment on Dr. Salim Hoss’ Views,” appeared in Majallat Al-Muqawel Al Lubnani (Lebanese Contractor Magazine), Vol. 9, Issue No. 96, February 2004, pp. 24-26. 10. Interviewed on the subject of “The Aftermath of Paris II.” The article entitled “Privatization Now and Not Later,” appeared in Al-Massira, Vol.18, Issue No. 936, October 2003, pp. 20-21. 9. Interviewed on the subject of “Taxation in Lebanon”. The article entitled “Taxes and Services: A Controversial Relationship,” appeared in Majallat Al-Muqawel Al Lubnani (Lebanese Contractor Magazine), Vol. 9, Issue No. 91, September 2003, pp. 26-28. 8. Interviewed by Daily Star Newspaper on the Subject of the effect of foreign direct investment on local retail businesses. The article on the subject titled “Malls Set to Take Capital’s Shopping Scene by Storm,” appeared on August 13, 2003, front page 1.

45 Elfakhani, Said / June 2020 7. Participated in a Panel Discussion on “Paris 2 and Its Consequences on the Lebanese Economy.” Al-Liwaa Daily Newspaper conducted a Panel on November 29, 2002, and an article on the panel proceedings appeared on December 2, 2002. 6. Interviewed on the subject of “Future of Global Economy in Light of September 11 Incident,” Al-Liwaa Annual Report, January 2002, pp. 39-41. 5. Participated in a Panel Discussion on “The EuroMed Agreement: A Golden Opportunity Allowing Lebanon to Enter International Markets.” Al-Liwaa Daily Newspaper conducted a Panel on January 10, 2002, and an article on the panel appeared proceedings on January 14, 2002. 4. Participated in a Panel Discussion on “Money Laundering and Banking Secrecy.” Al- Liwaa Daily Newspaper conducted a Panel on October 2001, and an article on the panel proceedings appeared on November 2, 2001. 3. Participated in a Panel Discussion on “Economic Prospect for Lebanon Under the New Government.” Al-Liwaa Daily Newspaper conducted a Panel on November 1, 2000, and an article on the panel proceedings appeared. On November 7, 2000. 2. Presented on “Preparing the Arab Economies for the Euro-Arab Partnership.” The Lecture is part of the Conference on “Europe and the Arab World: The Synergy that Pays,” organized by the “Consultations Internationales Juridiques et Economiques Group”, September 14, 2000. 1. Participated in Saskatoon Inter-Faith group representing more than nine religious, agnostics, and atheist denominations in the city from 1993 until 1996. The primary goal of the group was to build better understanding and respect between people of all faiths and beliefs in order to establish harmony and coexistence in the society. In this capacity, I was invited to give presentations in churches on numerous occasions.

RESEARCH GRANTS

14. Member of AUB Team (with Dr. I. Osman, Dr. S. Chahine, and Dr. A. Jechi) Applying for a Research Grant Submitted to the National Priority Research Program at Qatar Foundation on “The Competitive Advantages of Qatar as a Global Financial Center,” October 2015. 13. Recipient of the Harvey R. Wickes Research Grant $25,000, SVSU, 2008-2011. 12. Recipient of the University Research Board Grant $2,800, AUB, 1999. 11. Recipient of BARRA International (Canada) Grant of $5,000, 1996. 10. Dean's Summer Research Fund of $2,500, College of Commerce, U of S, 1996. 9. Dean's Summer Research Fund of $3,300, College of Commerce, U of S, 1994. 8. Board of Governors' Grant of $2,000, U of S, 1993. 7. Dean's Summer Research Fund of $2,000, College of Commerce, U of S, 1993. 6. Board of Governors' Grant of $2,000, U of S, 1992. 5. Dean's Summer Research Fund of $2,600, College of Commerce, U of S, 1992. 4. President's SSHRC Grant of $1,740, U of S, 1990. 3. College of Commerce Grant of $3,375, U of S, 1990. 2. Department Special Grant of $1,750, U of S, 1989. 1. President's SSHRC Grant of $2,000, U of S, 1989.

REVIEWER/EVALUATION OF RESEARCH GRANTS

5. Evaluated one research grant for King Fahd University of Petroleum and Minerals

46 Elfakhani, Said / June 2020 (KFUPM), Center of Research Excellence for Islamic Banking and Finance, December 2016. 4. Evaluated one research grant for the Faculty of Medicine, March 2015. 3. Evaluated one URB research grant for the Faculty of Arts and Sciences, April 2003. 2. Evaluated the Final Report of Research Grant Project at the King Fahd University of Petroleum and Minerals, December 2002. 1. Evaluated a Research Grant Application at the King Fahd University of Petroleum and Minerals, April 2000.

FACULTY DEVELOPMENT GRANTS

At AUB 8. The Academy for Global Business Advancement (AGBA) third Annual Conference, Kuala Lumpur, Malaysia, January 2006. 7. The Academy for Global Business Advancement (AGBA) Inaugural Conference, New Delhi, India, January 2004. 6. The International Banking Conference, Prato, Italy, September 9-10, 2003. 5. The Midwest Finance Association 52nd Annual Meeting, St. Louis, Mississippi, USA, March 27-29, 2003. 4. The Financial Management Association 30th Annual Meeting, Seattle, Washington, October 2000. 3. The Financial Management Association European Conference (E FMA) Meeting, Edinburgh, Scotland, May 2000. 2. The sixth Annual Global Finance Conference, Istanbul, Turkey, April 1999. 1. The Financial Management Association 28th Annual Meeting, Chicago, Illinois, October 1998.

At LAU 1. Attended a training workshop on “Principles and Practices for Teaching Executive Education,” organized by Babson College, Boston, August 13-17, 2012.

At SVSU 2. Recipient of the CBM Faculty Development Grant to Attend the Center for International Business Education and Research (CIBER) “Survey of International Business” Seminar Organized at the Moore School of Business, the University of South Carolina, April 2008. 1. Recipient of the Harvey R. Wickes Research Grant $25,000, SVSU, 2008-2011.

At UOS 9. The Administrative Sciences Association of Canada 1996, Finance Division, Montreal, Quebec, Canada. 8. The Financial Management Association 25th Annual Meeting, New York, NY, October 1995. 7. The Financial Management Association 24th Annual Meeting, St. Louis, Missouri, October 1994. 6. The Financial Management Association Meeting, San Francisco, California, October 1992.

47 Elfakhani, Said / June 2020 5. The Administrative Sciences Association of Canada, Finance Division, Quebec, Quebec June 1992. 4. The Financial Management Association Meeting, Chicago, Illinois, October 1991. 3. The Northern Finance Association, second Annual Meeting, Banff, Alberta, September 1990. 2. The Administrative Sciences Association of Canada, Finance Division, Whistler, British Columbia, June 1990. 1. The Northern Finance Association, First Annual Meeting, Ottawa, Ontario, September 1989.

PROFESSIONAL HONORS, PRIZES, AND FELLOWSHIPS

19. Honored by the Lebanese University Business Alumni as distinguished graduate, Military Club, Yarze, June 1, 2013. 18. Listed in the 2011 Hillsom Who's Who Registry of Achievement Award Laureates. 17. Awarded the Hillsom Best Paper Silver Award at the Third Annual Global Management Conference, May 2011. 16. Listed in the Who's Who in America, 2010, Published by Marquis, USA (ISBN #: 978- 0-8379-7021-9), pp. 1313. 15. Awarded the “Finest Student Assistance Appreciation Award” by the Suleiman S. Olayan School of Business MBA Society, May 2006. 14. Awarded the “Associate Dean of the Year Award” by the Academy for Global Business Advancement Inaugural Conference, January 2006. 13. Listed as an “International Scholar in Finance” with the Association (Organization) of Arab Academic Leaders for the Advancement of Business and Economic Knowledge (AAALABEK). September 2005. (Website: www.aaalabek.org) 12. Awarded the “Most Devoted Professor Award” by the Suleiman S. Olayan School of Business Students, April 2005. 11. Awarded the “Academic Leader of the Year Award” by the Academy for Global Business Advancement Inaugural Conference, January 2004. 10. Listed in the Contemporary Who’s Who for Achievement, First edition 2002/2003, Confirmed by the International Biographical Centre of Cambridge-England (IBC), and Published by the American Biographical Institute (ABI). 9. Awarded the “Outstanding Professional Award” by the American Biographical Institute (ABI), 2003. 8. Awarded Citation of Excellence Certifying the “Highest Quality Rating” by ANBAR Electronic Intelligence, 1999, for the paper “Small Firm and Value Effects in the Canadian Stock Market,” published in the Journal of Financial Research, Vol. 21, No. 3. 7. Nominated for the “Most Effective Professor in the Classroom” Award, U of S, 1997. 6. Nominated for the “Most Approachable Professor” Award, U of S, 1997. 5. Nominated for the “Most Effective Professor in the Classroom” Award, U of S, 1996. 4. Listed in the Researcher Profile Database (Technology Transfer & Industry Liaison) - U of Saskatchewan, until 1998. 3. Listed in the Speaker's Bureau and Media Information Database - U of Saskatchewan, until 1998. 2. Graduate Teaching Assistant, the University of Texas at Dallas, 1984-1988. 1. Top Graduate, Lebanese University, 1979. Scholarship Holder to carry out Ph.D. work

48 Elfakhani, Said / June 2020 during 1982-1988 in the area of finance.

ACADEMIC ORGANIZATION MEMBERSHIPS

Member, Western Finance Association, 1991-2003, and 2007-Lifetime. Member, Financial Management Association, 1987-2004, 2007-present. Member, Southwestern Finance Association, 1991-Present. Member, the American Finance Association, 1987-2003. Member, Eastern Finance Association, 1990-Present. Member, Midwest Finance Association, 1991-Present. Member, Southern Finance Association, 1991-Present. Member, the Accounting and Finance Association of Australia and New Zealand (AFAANZ), 2007-2008. Member, the Academy for Global Business Advancement, 2004-Present. Member, the Academy of Business Administration, 1994. Member, the Academy of Financial Services, 1992-1994. Member, Administrative Sciences Association of Canada, 1989-1993. Member, Institute of Financial and Strategic Decisions, 1992-2000. Member, the MidSouth Academy of Economics and Finance, 1995.

OTHER PROFESSIONAL MEMBERSHIPS

Member, National Business Education Association (NBEA), November 2009-Present. Member, Coordination Committee of BADER Organization, Beirut, Lebanon, March 2006- 2007. Member, Forum for Development Studies, Beirut, Lebanon, October 2005-Present. A Founder Member, Association (Organization) of Arab Academic Leaders for the Advancement of Business and Economic Knowledge (AAALABEK), September 2005-Present. A Candidate for Research Fellow of the Economic Research Federation (ERF), February 2005. Listed in the International Directory of Business and Management Scholars and Research (Harvard Business School Press). Listed in The Wiley Guide to Finance Faculty. Listed in the list of Finance and Development Specialists Published by the Arab Planning Institute Bibliography of Economics. Listed in The Industrial Data Bank and Industrial Experts Database Published by The Gulf Organization for Industrial Consulting.

49 Elfakhani, Said / June 2020