Dr Adil Elfakir PhD, MSc, BSc (Hon), FHEA, PGCERT, IBQ
Senior Lecturer
Summary
I joined Sheffield Hallam University in January 2018 after a rich and long career in academia and professional practice. I teach a range of different topics including, but not limited to, International Financial management, Financial derivatives, Mergers and Acquisitions, Financial Risk Management.
My research lies in modelling and scientific computing. This is very helpful in explaining a verity of Phenomena. This includes: Financial markets (e.g. predictability of Crypto), Economic (e.g. predictability of credit defaults), Social (predictability of Entrepreneurs and VC joint venture in financial performances).
I rely on a variety of data analytics techniques ranging from applying matching learnings, fuzzy language techniques to simulations techniques (Netlogo).
About
I have accumulated many years in financial expertise and consultancy. I have three years of senior financial consultancy at Fineopolis Consulting Institute (Now Member of IFFAS group Paris). I have 3 years of laboratory experiments trainings in financial modelling as part of the Laboratory of Research and studies in Applied Mathematics (LERMA-IFE Lab) of EMI School of Engineering. In parallel, I have served, since 2007 as a senior industrial financial consultant for IMEX-First group Maroc, and, from 2005-2007 as a senior financial consultant for Nextus-Maroc, dealing with Insurance products and firms financial restructuring.
I have over 18 years experience of teaching at higher education level for both undergraduate and postgraduate level.
From January 2006 to 2009, I was a Lecturer and Course Leader of Finance related courses of the University of Sunderland (Campus: Superior Institute of Sciences and Technology).
From September 2009 to January 2018 I was a Senior Lecturer of Finance and Head of finance pathway of Cardiff Metropolitan University programs (Campus: Associate College SIST). In the same period I was the Director of Studies responsible for Cardiff Metropolitan University undergraduate and postgraduate program accreditation within the Moroccan Ministry of Higher Education and the QAA authority.
Since 2006, I worked as an Associate Professor at the International institute of Higher Education in Morocco, IIHEM (Partner of Virginia Commonwealth University, USA) lecturing on different subjects at undergraduate and postgraduate Level : Corporate Finance , Financial and Managerial Accounting , Engineering Economics ,Financial modelling, international finance and Megers and acquisitions.
In parallel to my teaching expertise, I was since 2014 a Research Fellow at “the Laboratory of Research and Studies in Applied Mathematics (LERMA)” and “the Laboratory of Islamic Financial Engineering (IFE-Lab) of EMI School of Engineering. The Latter is the first of its kind in terms of modelling Islamic financial products and wholly sponsored by the Islamic Bank of Development.
Senior Lecturer
Teaching expertise
- Finance and Banking
- Financial Accounting and Management Accounting
Research
- Game theory, agent based simulation and their applications to financial contracting
- Islamic Finance, Behavioural finance, Entrepreneurship finance
Teaching
Department of Finance, Accounting and Business Systems
College of Business, Technology and Engineering
Subject area:
- Finance, Banking and Economics
Courses taught:
- MSc Banking and Finance
- MSc Finance and Investment
- MSc Financial Management
- MSc Global Financial Trading
- MSc Wealth Management
- MSc International Business Management
- BA HON BUSINESS AND FINANCIAL MANAGEMENT
- BA HON BUSINESS AND FINANCIAL MNGMNT WITH FD YR
Modules taught:
- Financial Derivatives and Risk Management
- International Financial Management
- International Treasury Management
- Mergers and Acquisitions
- Risk managements
- Financial Risk Managements
Research
Fintech and Artificial intelligence in Finance (FinTAF)
https://journals.shu.ac.uk/index.php/FinTAF
- Abderrahin Taamouti (Professor): University of Liverpool
- Richard Faidchild(Associate Professor) :University of Bath
- Daffyd Mali(Asistant Professor) : University of Nottingham
- Zaid Amer: SIST, Associate College of Cardiff Metropolitan University
- Mojamed Tkiouat(Prof Emiritus) : Ecole Mohamadia d'Ingenieurs
- Lamrani Youssef(Professor) : Ecole Mohamadia d'Ingenieurs
- Maryam Gallab : (Assistant Professor): Computer Science Department in MINES-RABAT
- Hafida Bouloiz (Professor) :Ecole Nationale des Sciences Appliquées d'Agadir. Université Ibn Zohr
- H young L (Professor), Kyonggi University , South Korea
Publications
Journal articles
Mali, D., Hyoung-Joo, L., Roberts, M., & El Fakir, A. (2023). An analysis of how a collaborative teaching intervention can impact student mental health in a blended learning environment. The International Journal of Management Education, 21 (3). http://doi.org/10.1016/j.ijme.2023.100853
Elfakir, A., Fairchild, R., Lamrani Alaoui, Y., Chan, D., Tkiouat, M., & Amer, Z. (2023). Kinship, gender and social links impact on micro group lending defaults. International Journal of Finance & Economics. http://doi.org/10.1002/ijfe.2786
Lamrani Alaoui, Y., El Fakir, A., & Tkiouat, M. (2022). Prioritization of customers’ preferences in Islamic banking system: an artificial intelligence approach using Kano analysis. Journal of Islamic Business and Management, 12 (01), 18-31. http://doi.org/10.26501/jibm/2022.1201-003
El Fakir, A., Tkiouat, M., Fairchild, R., & Pakgohar, A. (2021). Can Real Options Reduce Moral Hazards in Profit and Loss Sharing Contracts?: A Behavioural Approach Using Game Theory and Agent Based Simulation. Journal of Islamic Business and Management, 10 (2), 284-302. http://doi.org/10.26501/jibm/2020.1002-001
El Fakir, A., Fairchild, R., Tkiouat, M., & Taamouti, A. (2021). A bargaining model for PLS entrepreneurial financing: A game theoretic model using agent-based simulation. International Journal of Finance and Economics. http://doi.org/10.1002/ijfe.2472
Fairchild, R., Ian, C., & Elfakir, A. (2019). A development bank choice of private equity partner: A behavioural game theoretic approach. European journal of finance. http://doi.org/10.1080/1351847X.2019.1647863
Elfakir, A., Fairchild, R., & Tkiouat, M. (2019). A hybrid profit and loss sharing model using interest free debt and equity financing : an application of game theory as a decision tool. North American Journal of Economics and Finance, 49, 352-360. http://doi.org/10.1016/j.najef.2019.04.017
Elfakir, A., & Tkiouat, M. (2019). Adverse selection and moral hazards reduction in corporate financing: A mechanism design model for PLS contracts. Annals of economics and finance, 20 (1), 163-179. http://aeconf.com/contents.htm
Elfakir, A., Richard, F., & Mohamed, T. (2019). A Hybrid Profit and Loss Sharing Model Using Interest Free-Debt and EquityFinancing: An Application of Game Theory as a Decision Tool. The North American Journal of Economics and Finance, 49, 352-360. http://doi.org/10.1016/j.najef.2019.04.017
El Fakir, A., & Tkiouat, M. (2018). PLS ratios negotiability: A repeated game incentive mechanism approach. Corporate Board: role, duties and composition, 14 (3), 7-14. http://doi.org/10.22495/cbv14i3art1
El Fakir, A., & Tkiouat, M. (2016). Profit and loss sharing contracts as a prisoners dilemma: An agent based simulation with game theory application to participative finance. Corporate Ownership and Control, 13 (4), 520-525. http://doi.org/10.22495/cocv13i4c3p10
ELFAKIR, A.D.I.L. (2016). The behavioral and social implications of sequential grouplending: A multi-agent comparative approach between romca, debt financing and rosca. .
ELFakir, A., & Tkiouat, M. (2016). A multiagent game theoretical approach to adverse selection in corporate financing. Investment Management and Financial Innovations, 13 (2), 292-299. http://doi.org/10.21511/imfi.13(2-2).2016.04
El Fakir, A., & Tkiouat, M. (2016). The behavioral and social implications of sequential groupLending: A multi-agent comparative approach between ROMCA, debt financing and ROSCA. Journal of Applied Economic Sciences, 11 (2), 307-309.
Elfakir, A., & Tkiouat, M. (2016). Single or menu contracting: A game theory application of the hersanyi model to Mudaraba financing. International Journal of Economics and Financial Issues, 6 (1), 221-230.
Fakir, A.E.L., & Tkiouat, M. (2016). Profit and loss sharing contracts as a prisoners dilemma: An agent based simulation with game theory application to participative finance. Corporate Ownership and Control, 13 (4Cont3), 520-525.
Elfakir, A., & Tkiouat, M. (2015). New Projects Sharing Ratios under Musharakah Financing: A Repeated Game Theoretical Approach Using an Output versus a Proposed Effort Based Contract. American Journal of Applied Sciences, 12 (9), 654-662. http://doi.org/10.3844/ajassp.2015.654.662
El Fakir, A., & Tkiouat, M. (2015). An incentive mechanism game theory approach to musharakah contracts. Asian Journal of Applied Sciences, 3 (4), 736-752.
Conference papers
El Fakir, A., Lamrani Alaoui, Y., & Tkouat, M. (2022). Entrepreneurial Activity Creation in Debt Vs PLS Financing of Sustainable and Non-Sustainable Crowdfunding Projects : An Artificial Intelligence Approach using Agent Based Simulation. British Academy of Management.
El Fakir, A., Lamrani Alaoui, Y., Gallab, M., Bouloiz, H., & Tkiouat, M. (2022). Technologies 4.0 selection under hesitant fuzzy information. In The 10th International Conference on Innovation and New Trends in Information Technology (INTIS 2022), Casablanca, Morocco, 20 May 2022 - 21 May 2022.
El Fakir, A., Lamrani Alaoui, Y., & Tkiouat, M. (2021). Entrepreneurial Bankruptcies and Moral Hazards at the times of prosperity and Crisis: An Artificial Intelligence Model Application to PLS and Debt Financing. In BAM 2021, Lancaster University, 2021 - 3 September 2021. British Academy of Management: https://virtual.oxfordabstracts.com/#/event/1821/submission/136
Elfakir, A., Lamrani Alaoui, Y., & Tkiouat, M. (2020). Projects selection in donation-based-crowdfunding: a fuzzy agent based simulation. In Ezziyyani, M. (Ed.) the International Conference on Advanced Intelligent Systems for Sustainable Developmentonference on Advanced Intelligent Systems for Sustainable Development, Tangier, Morocco, 2020 - 3 January 2021. Springer
Elfakir, A., Lamrani Alaoui, Y., Tkiouat, M., & Amer, Z. (2020). Moral Hazard Reduction in Entrepreneurial FinancingAn application to Profit and Loss Sharing Contracts. British Academy of Management Proceedings 2020. https://app.oxfordabstracts.com/events/1520/secure/program-app/submission/206741
Elfakir, A., Tkiouat, M., Pakgohara, A., & Fairchild, R. (2020). Can Real Options Reduce Moral hazards in Profit and Losssharing contracts?: A Behavioural Approach Using GameTheory and Agent Based Simulation (Abstract only). In British Accounting and Finance Association.
Elfakir, A., & Tkiouat, M. (2019). Does Empathy Matter in Entrepreneurial Financing? A Dynamic Game Theoretic Mode (abstract only). In Béatrice, B.-.R., de Gardelle, V., Jacquemet, N., Mandel, A., & Vergnaud, J.-.C. (Eds.) ECBA 2019 : Entrepreneurship: Cognitive and Behavioral Approaches Workshop, Paris, France, 12 September 2019 - 13 September 2019. Centre d’Economie de la Sorbonne
Book chapters
Kotb, E., El Fakir, A., & Russo, A. (2024). Sustainability and WEB-BASED Corporate Social Responsibility Disclosure: Could Machine Learning Models Explain the Impact on Bank’s Cash Holding. In Ezziyyani, M., Kacprzyk, J., & Balas, V.-.E. (Eds.) International Conference on Advanced Intelligent Systems for Sustainable Development (AI2SD'2023) Advanced Intelligent Systems on Energy, Environment and Agriculture. (pp. 69-81). Cham: Springer: http://doi.org/10.1007/978-3-031-54288-6
Lamrani Alaoui, Y., El Fakir, A., & Tkiouat, M. (2022). Towards new framework for modelling project selection in crowdfunding platforms. In Advanced Intelligent Systems for Sustainable Development (AI2SD’2020) (pp.713-720). (pp. 713-720). Springer: http://doi.org/10.1007/978-3-030-90639-9_59
Elfakir, A., Tkiouat, M., & Allam, K. (2019). Entrepreneurial financing under uncertainty : Performance comparison between ROMCA and conventional microloans using agent based simulation. In BAM2019 Conference Proceedings. British Academy of Management: https://www.bam.ac.uk/sites/bam.ac.uk/files/contribution725.pdf
Presentations
Kotb, E., El Fakir, A., & Russo, A. (2023). Sustainability and WEB-BASED Corporate Social Responsibility Disclosure: Could Machine learning Models explain the impact on Bank's Cash Holding (An empirical analysis on top world Islamic and non-Islamic banks) [Abstract only]. Presented at: Advanced Technologies and Intelligent Systems for Sustainable Development, Marrakesh , Morocco, 2023
El Fakir, A., Mansouri, A., Bhaiyat, F., Chiadmi, S., & Tkiouat, M. (2023). A Systematic Literature Review on FinTech and Bankingfrom Customer Perspective. Presented at: The International Conference on Services and Industry of the Future, Rabat Morocco
Elfakir, A., & Tkiouat, M. (2019). Profit and loss Sharing Negotiations involving a VC and an entrepreneur: A Game Theoretic Approach with Agent Based Simulation [abstract only]. Presented at: British Accounting and Finance Association Annual Conference, Birmingham, UK, 2019
Elfakir, A., & Tkiouat, M. (2018). Moral Hazards reduction in PLS Contracts. Presented at: Entrepreneurship: Behavioural and Cognitive approaches Workshops, 2018
Elfakir, A., & Tkiouat, M. (2018). Profit ratio Negotiability model in Entrepreneurial Financing Using Game Theory and Agent Based Simulation as an Aid to Decision Making. Presented at: British Academy of Managment, 2018
ELFAKIR, A.D.I.L. (2016). Risk Control Using Real Options by Financial institutions: An application of game theory to PLS Contracts.
ELFAKIR, A.D.I.L. (2016). Some applications of agent based modelling in participative finance.
ELFAKIR, A.D.I.L. (2016). Reducing Asymmetric Information Using a Hybrid Profit and Loss sharing Mode.
ELFAKIR, A.D.I.L. (2016). Corporate Participative Financing: An engineering approach using Agent Based Simulation and Game Theory Approach.
El Fakir, A., Lamrani Alaoui, Y., Gallab, M., Bouloiz, H., & Tkiouat, M. (n.d.). Technologies 4.0 Selection under Hesitant Fuzzy Information. Presented at: The 10th International Conference on Innovation and New Trends in Information Technology (INTIS 2022), Casablanca , Morocco, 2022
Other activities
Editor in Chief : Fintech and Artificial intelligence in Finance (FinTAF) Journal:
Reviewer Of highly reputable Journals:
1.To be green or not to be: How governmental regulation shapes financial institutions’ greenwashing behaviors in green finance : International Review of Financial Analysis . September 2023
2.How does Green Finance Reform Affect Enterprise Green Technology Innovation? Evidence from China Sustainability 2022-07-15 Sustanability Journal
3.Designing a public-private co-investment mechanism to foster venture capital, European Journal of Finance 2022-01-07
4.Is Business Formation Driven by Sentiment or Fundamentals? European Journal of Finance 2021-07-15
5.Construction Cash Flow Risk Index, Journal of Risk and Financial Management 2021-05-26 6.Perceived Glass Ceiling? Women’s Self-Selection out of the Credit Market in Africa European Journal of Finance 2020-04-29
7.The impact of political instability on risk-taking in the banking sector: International evidence using a dynamic panel data model (System-GMM) Managerial and Decision Economics 2019-07-04
Visiting Scholarships collaborations:
ElHassan Kotb: University of Napoli 2023
Ecole Moahamadia des Ingenieurs : Yahya Hanine 2023
Ecole Moahamadia des Ingenieurs : Aissam Mansouri 2023
Postgraduate supervision
Doctoral Supervision:
Director of Studies: Beyond the Surface: The Impact of CEOs' Personality Traits on Company's Performance , Akinlabi, Oyenike aderinsola (Ongoing)
Supervisor: Determinants of Consumer Adoption of Digital-only banking Applications in the UK, Ndlovu Sevelina (ongoing)