Publications

Published Books

Stochastic Simulation and Applications in Finance with MATLAB Programmes

Stochastic Simulation and Applications in Finance with MATLAB Programmes

Wiley, 2009
(With Huu Tue Huynh & Van Son Lai)

Simulations Stochastiques et Applications en Finance avec Programmes Matlab

Simulations Stochastiques et Applications en Finance avec Programmes Matlab

Economica, 2006
(With Huu Tue Huynh & Van Son Lai)

Published Papers

  1. Stella MUHANJI Kalu OJAH & Issouf SOUMARÉ. How Does Natural Resource Endowment and Institutional Quality Influence the Nexus between External Indebtedness and Welfare in Africa? Economic Systems (forthcoming).
  2. Issouf SOUMARÉ & Hubert TCHAKOUTE TCHUIGOUA. The effect of loan approval decentralization on microfinance institutions’ outreach and loan portfolio quality. Journal of Business Research (forthcoming).
  3. Issouf SOUMARÉ. An Econometric Analysis of the Determinants of CVA Spreads. Journal of Fixed Income (forthcoming).
  4. Van Son LAI, Duc Khuong NGUYEN, William SODJAHIN & Issouf SOUMARÉ. Discretionary Idiosyncratic Risk, Firm Cash Holdings, and Investment. Advances in Pacific Basin Business, Economics and Finance, Vol. 6, pp. 51-75 (Chapter 3); Edited by Cheng Few Lee and Min-The Yu.
  5. Mohamed BELKHIR, Jocelyn GRIRA, M. Kabir HASSAN & Issouf SOUMARÉ, Islamic Banks and Political Risk: International Evidence. Quarterly Review of Economics and Finance (forthcoming)
  6. Jocelyn GRIRA, M. Kabir HASSAN, Chiraz LABIDI & Issouf SOUMARÉ, Equity Pricing in Islamic Banks: International Evidence. Emerging Markets Finance and Trade, Vol. 55, No. 3, 2019, 613-633.
  7. Sionfou Seydou COULIBALY, Lewis Landry GAKPA & Issouf SOUMARÉ. The Role of Property Rights in the Relationship between Capital Flows and Economic Growth in SSA: Do Natural Resources Endowment and Country Income Level Matter? African Development Review, Vol. 30, No. 1, 2018, pp. 112–130.
  8. Ayoub GARGOURI, Van Son LAI & Issouf SOUMARÉ. Revisiting Interest Rate Swap Valuation with Counterparty Risk, Wrong-Way Risk and OIS Discount. The Journal of Fixed Income, Vol. 26, No. 3, 2017, pp. 63-80.
  9. Issouf SOUMARÉ & Ernest TAFOLONG, Risk-Based Capital for Credit Insurers with Business Cycles and Dynamic Leverage. Quantitative Finance, Vol. 17, No. 4, 2017, pp. 597–612.
  10. Issouf SOUMARÉ, Fulbert TCHANA TCHANA & Thierry Martial KENGNE. Analysis of the Determinants of Financial Inclusion in Central and West Africa. Transnational Corporations Review, Vol. 8, No. 4, 2016, pp. 231–249.
  11. Issouf SOUMARÉ, Gaston GOHOU & Hugues KOUADIO. Comparative Study of the Characteristics of FDI from Developed Countries versus China in Africa. Transnational Corporations Review, 8, No. 3, 2016, pp. 165-177.
  12. Issouf SOUMARÉ & Van Son LAI. An Analysis of Government Loan Guarantees and Direct Investment through Public-Private Partnerships. Economic Modelling, Vol. 59, 2016, pp. 508–519.
  13. Isaac OTCHERE, Issouf SOUMARÉ & Pierre YOUROUGOU. FDI and Financial Market Development in Africa. The World Economy, Vol. 39, 5,2016, pp. 651–678.
  14. Jocelyn GRIRA, M. Kabir HASSAN & Issouf SOUMARÉ. Pricing Beliefs: Empirical Evidence from the Implied Cost of Deposit Insurance for Islamic Banks. Economic Modelling, 55, 2016, pp. 152–168.
  15. Ben AMOAKO-ADU, Issouf SOUMARÉ & Pierre YOUROUGOU (Guest Editors). In this Issue (Emerging Africa: Rise of Business and Entrepreneurship Opportunities). Transnational Corporations Review, Vol. 7, No. 4, 2015, pp. I-III.
  16. Alexandre TÊTU, Van Son LAI, Issouf SOUMARÉ & Michel GENDRON. Hedging flood losses in Quebec using Cat-Bonds. Asia-Pacific Journal of Risk and Insurance, Vol. 9, No. 2, 2015, pp. 149–184. Lead article.
  17. Issouf SOUMARÉ. Does Foreign Direct Investment Improve Economic Development in North African Countries? Applied Economics, Vol. 47, No. 51, 2015, pp. 5510-5533
  18. Issouf SOUMARÉ & Fulbert TCHANA TCHANACausality between FDI and Financial Market Development: Evidence from Emerging Markets. World Bank Economic Review (WBER), Vol. 29 (Supplement), 2015, pp. S205-S216.
  19. Kabir HASSAN & Issouf SOUMARÉ. Guarantees and Profit-Sharing Contracts in Project Financing. Journal of Business Ethics, Vol. 130, Issue 1, 2015, pp 231-249.
  20. Walid AMDOUNI & Issouf SOUMARÉ. An Analysis of the Determinants of S&P Ratings Assigned to Canadian Firms: Application of a Multinomial Logit. Journal of Risk Management in Financial Institutions, Vol. 7, No. 4, 2014, 353-369.
  21. Issouf SOUMARÉ (with Alaa GUIDARA, Van Son LAI, Fulbert TCHANA TCHANA),  Banks’ Capital Buffers, Risk and Performance in the Canadian Banking System: Impact of Business Cycles and Regulatory ChangesJournal of Banking & Finance, Vol. 37, No. 9, 2013, pp. 3373-3387.
  22. Issouf SOUMARÉ. Incentives and Voluntary Investment in Employer SharesEconomic Notes, 42, No. 1, 2013, pp. 1-17.
  23. Issouf SOUMARÉ (with Edoh K. AMENOUNVÉ, Ousmane DIOP, Dramane MEITÉ, & Yao Djifa N’SOUGAN). Applying the CAPM and the Fama-French Model to the BRVM Stock Market Applied Financial Economics, 23, No. 4, 2013, 275-285.
  24. Issouf SOUMARÉ (with Yao Djifa N’SOUGAN). Modeling Sovereign Default Risk: Comparing Models and Capturing the Impact of the Business CycleJournal of Risk Management in Financial Institutions6, No. 1, 2013, pp. 75-96.
  25. Issouf SOUMARÉ (with Van Son LAI & Yan SUN). Financial Guarantors’ Executive Compensation, Charter Value and Risk-TakingResearch in International Business and Finance, Vol. 26, 2012, 387-397.
  26. Issouf SOUMARÉ (with Gaston GOHOU). Does Foreign Direct Investment Reduce Poverty in Africa and are There Regional Differences? , World Development, Vol. 40, No. 1, 2012, 75–95.
  27. Issouf SOUMARÉ (with Gaston GOHOU). The Determinants of Development Projects’ First Disbursement Delay: The Case of the African Development Bank; In “Fostering Development in an Era of Financial and Economic Crises”; Proceedings of the African Economic Conference 2009, African Development Bank and United Nations Economic Commission for Africa, 2011.
  28. Issouf SOUMARÉ (with Fabien YOUBISSI & Michel GENDRON). Comparative Analysis of Multiple-Guarantor AgreementsJournal of Risk Management in Financial Institutions 4, No. 2, 2011, 146-161.
  29. Issouf SOUMARÉ (with Sébastien JACQUES & Van Son LAI). Synthetizing a Debt Guarantee: Super-Replication versus Utility ApproachInternational Review of Financial Analysis, Vol. 20, 2011, 27–40.
  30. Issouf SOUMARÉ (with Van Son LAI). Credit Insurance and Investment: A Contingent Claims Analysis ApproachInternational Review of Financial Analysis, Vol. 19, 2010, 98–107.
  31. Issouf SOUMARÉ (with Van Son LAI). Risk-Based Capital and Credit Insurance PortfoliosFinancial Markets, Institutions & Instruments, Vol. 19, No. 1, 2010, 21-45.
  32. Issouf SOUMARÉ (with Luc GRÉGOIRE & Van Son LAI). Economic Capital for Bond InsurersJournal of Fixed Income, Vol. 19, No. 3, 2010, 47-65.
  33. Issouf SOUMARÉ. La Pratique de la Finance IslamiqueAssurance et Gestion des Risques (Insurance and Risk Management), Vol. 77, No. 1-2, April-July 2009, 59-78.
  34. Issouf SOUMARÉ (with Van Son LAI & Yves LANGLOIS). Hedging Portfolios of Financial GuaranteesJournal of Risk, Vol. 11, 2008/09.
  35. Issouf SOUMARÉ (with Paul ANGOUA & Van Son LAI). Project Risk Choices under Privately Guaranteed Debt Financing. The Quarterly Review of Economics and Finance, 48, No. 1, 2008, pp. 123-152.
  36. Issouf SOUMARÉ (with Michel GENDRON & Van Son LAI). Project Finance with Limited Recourse: An Option Pricing Approach to Debt Capacity and Project Risk. The Journal of Structured Finance, Vol. 13, No. 3, Fall 2007, 97-104.
  37. Issouf SOUMARÉ. Equilibrium with Excessive Holdings Constraint: An Application to DC Pension PlanInternational Journal of Theoretical and Applied Finance, Vol. 10, No. 7, 2007, pp. 1159-1190.
  38. Issouf SOUMARÉ. International Capital markets and Redundant SecuritiesJournal of Economic Dynamics and Control, Vol. 31, No. 3, 2007, pp. 1037-1050.
  39. Issouf SOUMARÉ. Investment in Employer Shares, Incentive-alignment, and MonitoringJournal of Pension Economics and Finance6, No. 2, 2007, pp. 107-125.
  40. Issouf SOUMARÉ. Les Fonds de Pension: Structure, Comptabilité, Immunisation et RisqueAssurance et Gestion des Risques (Insurance and Risk Management), Vol. 74, No. 3, 2006, pp. 415-429.
  41. Issouf SOUMARÉ (with Michel GENDRON & Van Son LAI). An Analysis of Portfolios of Insured DebtsThe Journal of Fixed Income, Vol. 16, No. 1, 2006, pp. 55-64.
  42. Issouf SOUMARÉ (with Michel GENDRON & Van Son LAI). Effects of Maturity Choices on Loan Guarantee PortfoliosThe Journal of Risk Finance, Vol. 7, No. 3, 2006, pp. 237-254.
  43. Issouf SOUMARÉ (with Van Son LAI & Youssef SAKNI). A Simple Method for Computing Value at Risk using PCA and QMC. The Journal of Financial Decision Making, 1, No. 2, 2005, pp. 1-13.
  44. Issouf SOUMARÉ (with Van Son LAI). Investment Incentives in Project Finance in the Presence of Partial Loan GuaranteesResearch in Finance, Vol. 22, 2005, pp. 161-186.
  45. Issouf SOUMARÉ. 401(k) Pension Plans Investments in Employer Shares. ZEWnews Stock Option Watch, Vol. 2, 2005 (Publication of the Centre for European Economic Research). (Invited summary article)
  46. Issouf SOUMARÉ (with Michel GENDRON & Van Son LAI). An Analysis of Private Loan Guarantee PortfoliosResearch in International Business and Finance, Vol. 16, 2002, pp. 395-415.

Working Papers and Work in Progress

  1. Michel GENDRON, Van Son LAI & Issouf SOUMARÉ. Economic Capital for Insurers: Insurance Cycle and Catastrophic Risk. Document de recherche, Université Laval, 2015.
  2. Alaa GUIDARA, Jean-Pierre GUEYIÉ, Van Son LAI & Issouf SOUMARÉ. Banks’ Non-Traditional Activities Under Regulatory Changes: Impact on Risk, Performance and Capital Adequacy. Working Paper, Université Laval, 2014.
  3. Van Son LAI, William SODJAHIN & Issouf SOUMARÉ. Firm Cash Holdings, Idiosyncratic Risk and Analyst Coverage.
  4. Issouf SOUMARÉ & Tan WANG (UBC). International Risk Sharing, Investment Restrictions and Asset Prices.
  5. Issouf SOUMARÉ & Longkai ZHAO (Peking U.). Heterogeneous Risk Aversion with Demographic Changes and Equilibrium Prices.
  6. Mamadou S. BALDÉ, Nabil KHOURY, et Issouf SOUMARÉ. L’hétérovariance des prix du pétrole brut et l’efficacité de la couverture à l’aide des contrats à terme boursiers: Cas des importations guinéennes. Working paper, Chaire Desjardins de gestion des produits dérivés (#02-2005).
  7. PhD thesis: “Three Essays on Investments and Incentives: An Application to Pension Plans”. Faculty of Graduate Studies, The University of British, 2004. PhD committee members: Dr. Tan Wang (supervisor), Dr. Ron Giammarino (co-supervisor), Dr. Murray Frank, Dr. Rob Heinkel, Dr. Alan Kraus, Dr. Domenico Cuoco (Wharton, external examiner), & Dr. Patrick Francois & Dr. Ralph Winter (University Examiners).