Hany Guirguis, PHD

Hany Guirguis, PHD

Professor

Department : Economics - Finance

Email : hany.guirguis@manhattan.edu

Phone : 718-862-3855

Office : DLS 409

Education

PHD, University of Oregon
MA, American Univ Cairo
MBA, CUNY Baruch College
MS, University of Oregon

Research

Econometrics, Financial Modeling, Corporate Finance, Macroeconomics, and Real Estate Finance

Publications & Professional Activities

Anderson, R. I., Curcio, R. J., & Guirguis, H. (Forthcoming). Managing Risk in the Real Estate Through the use of Leverage and Inverse ETFs.  Real Estate Finance.

Anderson, R. I., Curcio, R. J., & Guirguis, H. (Forthcoming). Stock Price Volatility of Banks and Other Financials Emanating from the Inception of Leveraged, Inverse and Traditional ETFs. The Journal of Index Investing.

Giannikos, C., Guirguis, H., & Schizas, P. (Forthcoming). Hedge funds and the Housing Bubble. Applied Financial Economics.

Giannikos, C. I., Guirguis, H., & Suen, T. S. (2013). Trading Credit Default Swap (CDS) Spread as an Equity Investment Strategy. Journal of Derivatives(21), 27-48.

Boney, V., Guirguis, H., & Muller, G. (2013). Did Intraday Trading by Leveraged and Inverse Leveraged ETFs Create Excess Price Volatility? A Look at REITs and the Broad Market. Journal of Real Estate Portfolio Management(19), 1-16.

Guirguis, H., Suen, M., & Theodore, T. (2012). Timing the value style index in a Markov regime-switching model. Journal of Investment Management(10), 52-64.

Anderson, R. I., Boney, V., Curcio, R. J., & Guirguis, H. (2012). Leveraged, Inverse and Traditional ETFs: The Impact on Real Estate Stock Price Volatility. Applied Financial Economics(22), 709-722.

Anderson, R., Boney, V., & Guirguis, H., (2012). The Impact of Switching Regimes and Monetary Shocks: An Empirical Analysis of REITs. Journal of Real Estate Research(34), 157-182.

Anderson, R. I., Curcio, R. J., & Guirguis, H. (2012). Should Tracking Error Prevent the Use of Leverage ETFs in the Real Estate Portfolio? The Journal of Index Investing(3), 75-95.

Giannikos, C. I., Guirguis, H., & Suen, T. S. (2012). Modeling the Blind Principal Bid Basket Trading Cost. European Financial Management(18), 271-302.

Giannikos, C. , & Guirguis, H. (2007). A Note on the Effect of the Expected Changes in Monetary Policy on Long-Term Interest Rates. Journal of Applied Economics(10), 99-114.

Bali, R. , & Guirguis, H. (2007). Extreme Observations and Nonnormality in ARCH and GARCH. International Review of Economics and Finance(16), 332-346.

Giannikos, C., Gracia, L., & Guirguis, H. (2007). Asset Pricing in Spanish Housing Market. Journal of Housing Research(16), 83-95.

Giannikos, C., Gracia, L., & Guirguis, H. (2007). Price and Volatility Spillovers between Large and Small Cities: A Study of the Spanish Market. Journal of Real Estate Portfolio Management(13), 311-316.

Guirguis, H., & Vogal, R. (2006). Asymmetry in Regional Real House Prices. Journal of Real Estate Portfolio Management(12), 293-298.

Anderson, R. I., Giannikos, C. I., & Guirguis, H. (2006). Market Fundamentals and the Forecastability of the Regional Housing Prices: An Empirical Investigation. Forecasting Letters(1), 14-26.

Anderson, R. I., Giannikos, C. I., & Guirguis, H. (2005). The US Housing Market: Asset Pricing Forecasts: Using Time Varying Coefficients. Journal of Real Estate Finance and Economics(30), 33-53.

Guirguis, H., & Schmidt, M. (2005). Output Variability and the Money-Output Relationship. International Journal of Business and Economics(4), 51-64.

Felder, F., & Guirguis, H. (2005). Accounting for Extreme Values in GARCH Forecasts of Day-Ahead Electricity Prices. KIEE International Transactions on Power Engineering(5), 300-302.

Bali, R. , & Guirguis, H. (2004). An Analysis of the Equity Risk Premium. The Journal of Asset Management(4), 348-360.

Bali, R. , & Guirguis, H. (2004). An Analysis of the Return Dependence Between Large and Small Capitalization Stock. Journal of Business and Economics Research(2), 67-70.

Felder, F., & Guirguis, H. (2004). Further Advances in Forecasting Day-Ahead Electricity Prices Using Time Series Models. IEEE Transaction on Power Systems(4), 159-166.

Guirguis, H., & Rogoff, E. (2004). Strategies and Impacts of New Drug Introduction: The Case of Hemophilia Treatment. Journal of Health Care Finance(31), 1-12.

Danthine, J. P., Donaldson, J. B., Giannikos, C. I., & Guirguis, H. (2004). On the Consequences of State Dependent Preferences for the Pricing of Financial Assets. Finance Research Letters(1), 143-153.

Guirguis, H., Myung-Soo., & Rogoff, E. (2003). The Upward Spiral of Drug Costs: A Longitudinal Study of Drugs Used in the Treatment of. Clinical Laboratory(49), 71.

Giannikos, C. I., Guirguis, H., & Ozenbas, D. (2003). Is Volatility of Equity Markets a Volume Story? A Non-Parametric Analysis. International Journal of Business and Economics(2), 49-55.

Abdulahad, F., & Guirguis, H. (2003). The Living Wage and the Effects of Real Minimum Wages on Part-Time and Teen Employment. Employee Responsibilities and Rights Journal(15), 1-9.

Guirguis, H., & Rogoff, E. (2002, December 9). Legalized Price-Fixing: How a Government Program to Lower Drug Does the Opposite. Forbes, p. 48.

Guirguis, H., Myung-Soo., & Rogoff, E. (2002). The Upward Spiral of Drug Costs: A Longitudinal Study of Drugs Used in the Treatment of Hemophilia. Journal of Thrombosis and Haemostatis(88), 545-553.

Guirguis, H. Refereed Proceeding. (2002). Longitudinal Study of the New Firms In the Health Care Industry. Academy of Economics and Finance, 30-35.

Guirguis, H., Onochie, J., & Rosen, H. (2001). The Post-Offering Performance of IPOs in the Health Care Industry. Journal of Economics and Finance(25), 194-205.

Guirguis, H. (1999). Properly Estimating the Liquidity Effect: Why Accounting for Stationarity and Outliers is Important. Journal of Economics and Business(51), 303-314.

Guirguis, H., & Rogoff, E. (1998). On the Impact of Fixed Supply: The Case of the New York City Taxicab Industry. Journal of Transportation, Logistics, and Policy(65), 370-386.

Professional Memberships

Editorial Board: The Journal of Real Estate Portfolio Mangement

Grants

  • National Association of Real Estate Investment Trusts, Research Grant, 2010.
  • NAIOP, Commercial Real Estate Development Association, Research Grant, 2010.
  • Manhattan College, Summer Research Grant, 2006.
  • Center for Energy, Economics and Environment Policy, 2004.
  • Manhattan College, Summer Research Grant, 2003.
  • SUNY Farmingdale, Summer Research Grant, 2001.
  • Hemophilia Association of New York, Grant, 2000.
  • Ford Foundation Grant for Graduate Study in Economics, 1998.

Courses Taught/Teaching

CIS 227      Business Statistics
ECON 433      Econometrics
ECON 441      Economics Seminar
ECON 444      Special Topic: in Economics
ECON 470      Economics Tutorial/Independent Study
FIN 301      Principles of Business Finance I
FIN 420      Corporate Structure and Financing
FIN 441      Finance Seminar
FIN 442      Financial Modeling
MBAC 614      Managerial Economics
MBAC 616      Stock Market & Corp Valuation
MBAE 602      Research