Wael Dammak

About

Wael Dammak is a full-time finance professor and researcher, specializing in financial markets and trading. He teaches in both initial and executive education programs. His areas of expertise span financial markets, quantitative finance, machine learning applied to finance, and advanced financial modeling. His research interests include option pricing, asset valuation, portfolio management, ESG criteria, investor behavior, and risk management—leveraging cutting-edge technologies to foster innovation in the financial sector. He currently serves as Director of the Data Science, AI & Finance certification program as well as the Online Executive MBA in Management and Data Science.

Knowledge Areas

Option pricing
Derivatives
Valuation of financial instruments
Market behavior and investor psychology
Intermarket relations and financial connectivity
ESG and sustainable finance
Emerging financial technologies and digital assets
Impact of health and political crises on markets
Artificial intelligence in finance
Financial market analysis

Academic Experience

PhD in Management Science

Relevant Publications

Bahloul, W., & Dammak, W. (2025). Online investor sentiment in the financial futures markets. Research in International Business and Finance, 75, 102708. https://doi.org/10.1016/j.ribaf.2024.102708

Dammak, W., Mrad, A. B., de Peretti, C., & Hamad, S. B. (2025). Enhancing currency option pricing models: Incorporating dynamic information costs and machine learning techniques. Computational Economics, 1-40. https://doi.org/10.1007/s10614-025-10939-8

Dammak, W., Gökgöz, H., & Jeribi, A. (2025). TIME–FREQUENCY CONNECTEDNESS IN GLOBAL BANKING: VOLATILITY AND RETURN DYNAMICS OF BRICS AND G7 BANKS. Global Economy Journal, 1-37. https://doi.org/10.1142/S2194565925500046

Dhoha, M., Dammak, W., Alnafisah, H. et al. Dynamic spillovers between natural gas and BRICS stock markets during health and political crises. Eurasian Econ Rev 14, 453–485 (2024). https://doi.org/10.1007/s40822-023-00254-8

Trabelsi Karoui, A., Sayari, S., Dammak, W., & Jeribi, A. (2024). Unveiling outperformance: A portfolio analysis of top AI-related stocks against it indices and robotics ETFs. Risks, 12(3), 52. https://doi.org/10.3390/risks12030052

Dammak, W., Frikha, W., & Souissi, M. N. (2024). Market turbulence and investor decision-making in currency option market. The Journal of Economic Asymmetries, 30, e00373. https://doi.org/10.1016/j.jeca.2024.e00373

Dammak, W., Hamad, S. B., de Peretti, C., & Eleuch, H. (2023). Pricing of European currency options considering the dynamic information costs. Global Finance Journal, 58, 100897. https://doi.org/10.1016/j.gfj.2023.100897

Dammak, W., Fakhfekh, M., Alnafisah, H., & Jeribi, A. (2024). AI companies' strategies with traditional vs. digital assets amid geopolitical and banking crises. Heliyon, 10(23). https://doi.org/10.1016/j.heliyon.2024.e40382

Dammak, W., Boutouria, N., Hamad, S. B., & de Peretti, C. (2023). Investor behavior in the currency option market during the COVID-19 pandemic. The Journal of Economic Asymmetries, 28, e00337. https://doi.org/10.1016/j.jeca.2023.e00337

Dammak, W., Gökgöz, H., & Jeribi, A. (2024). Analysis of gold, bitcoin, and gold-backed cryptocurrencies as safe havens during global crises: A focus on artificial intelligence companies. Computational Economics, 1-30. https://doi.org/10.1007/s10614-024-10757-4

Filstroff, H., Gorrono, I. M., De Peretti, C., Dammak, W., & Corre, C. (2018). École Centrale Lyon. https://doi.org/10.13140/RG.2.2.25862.96323

Dammak, W. (2024). Assessing effect of market sentiment on pricing of European currency options â€ Ž. International Journal of Research and Innovation in Social Science, 8(6), 1224-1244. https://dx.doi.org/10.47772/IJRISS.2024.806090

Dammak, W. (2023). Evaluation des options sur devises en présence des coûts d'information statiques et dynamiques: modèles théoriques et validation empirique (Doctoral dissertation, Université Claude Bernard Lyon I & Université de Sfax).

Courses Taught

Online Executive MBA in Financial Markets and Risk Management Finance
The Online Executive MBA in Financial Markets and Risk Management is structured around modules created to emphasize key concepts, which represent professional standards in trading rooms, management teams, analysis departments and risk management.
The objective is therefore to combine theoretical concepts with a pragmatic approach, specifically by applying them through exercises and real-life scenarios created by expert faculty. It is not a question of acquiring “knowledge for knowledge’s sake”, as is far too often the case, but teaching what is actually seen, done and practiced in the industry of financial markets. The course’s 340 hours are strongly rooted in the industry context, which is constantly innovating and becoming more complex. The program aims firstly to reflect the professional reality as closely as possible and secondly to place emphasis on operational aspects, to respond to the expectations of both students and professionals keen to surround themselves with qualified resources.