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Khaled Soufani

Khaled Soufani

Senior Faculty in Management Practice
Director of the Executive MBA Programme
Director of the Circular Economy Centre (CEC)
Director of the Middle East Research Centre
Fellow of Clare Hall College

PhD (University of Nottingham)

Research interests

Corporate finance; financial and managerial strategy; entrepreneurial finance; the economics and finance of small-medium sized enterprises; financial economics.

Subject group: Economics & Policy

Professional experience

A Senior Faculty in Management Practice and a member of the Economics Group at the University of Cambridge Judge Business School, Dr Soufani holds a masters degree in Applied Economics and a PhD in Financial Economics.

Dr Soufani has published extensively in economics and finance in areas relating to financial management, corporate restructuring, M&A, private equity, venture capital and family business and the financial and economic affairs of small to medium-sized enterprises. His research also includes work on economic growth and innovation relating to the circular economy and fast-growing markets and economies. His work is widely cited and included in policy reports by organisations such as the EU, OECD and the Institute of Directors. His work has also been cited and published by the World Economic Forum. He sits on the editorial boards of a number of international academic journals. Before joining academia, Dr Soufani worked in investment banking in the area of bond and money market trading. Dr Soufani has been the academic programme director for many Executive Education programmes for major companies and financial institutions as well as government organisations.

Previous appointments

Dr Soufani was an Associate Professor of Finance at Concordia University in Canada until April 2013.

Awards & honours

  • Cambridge Judge Business School Teaching Award, 2013
  • Thirst for Knowledge Best Teacher of the Year Award, Aalto EE (Helsinki, Finland), 2012
  • Distinguished Researcher Award with an honourable mention, John Molson School of Business, Concordia University (Montreal, Canada), 2003

Selected publications

Here are a selection of Khaled Soufani's publications. Please see the "Selected publications" tab above for a more comprehensive list.

Esposito, M., Tse, T. and Soufani, K. (2016) "How businesses can support a circular economy." Harvard Business Review, 1 February 2016

Esposito, M., Soufani, K. and Tse, T. (2016) "Entreprise, consommateur: pourquoi l’économie circulaire est la voie à suivre." Harvard Business Review (France), 11 February 2016

Tse, T., Esposito, M. and Soufani, K. (2015) "How companies can benefit from the circular economy." California Management Review Blog, 4 November

Dbouk, W., Jamali, I. and Soufani, K. (2014) "The effectiveness of technical trading for Arab stocks." Emerging Markets Finance and Trade, 50(4): 5-25 (DOI: 10.2753/REE1540-496X500401)

Soufani, K. (2012) "Factoring and invoice financing." In: Cumming, D. (ed.) The Oxford handbook of entrepreneurial finance. Oxford: Oxford University Press, pp.558-577

Pavlov, A., Poutziouris, P. and Soufani, K. (2004) "Evaluating flexibility in small business finance." Journal of Entrepreneurial Finance, 9(1): 73-97

Journal articles

Soufani, K. and Poutzouris, P. (1999) "Commentaries on 'The relationship between planning sophistication and performance in small businesses'." International Small Business Journal, 18(1): 108-110 (DOI: 10.1177/0266242699181006)

Soufani, K. (2000) "Factoring and UK small business." Journal of Small Business and Entrepreneurship, 15(3): 78-89 (DOI: 10.1080/08276331.2000.10593290)

Ibrahim, A.B., Soufani, K. and Lam, J. (2001) "A study of succession in a family firm." Family Business Review, 14(3): 245-258 (DOI: 10.1111/j.1741-6248.2001.00245.x)

Tse, T. and Soufani, K. (2001) "Wealth effects of takeovers in merger activity eras: empirical evidence from the UK." International Journal of the Economics of Business, 8(3): 365-377 (DOI: 10.1080/13571510110079829)

Soufani, K. (2001) "The role of factoring in financing UK SMEs: a supply side analysis." Journal of Small Business and Enterprise Development, 8(1): 37-46 (DOI: 10.1108/EUM0000000006811)

Ibrahim, A.B. and Soufani, K. (2002) "Entrepreneurship education and financial training in Canada: a critical assessment." Education and Training, 44(8-9): 421-430 (DOI: 10.1108/00400910210449268)

Soufani, K. (2002) "On the determinants of factoring as a financing choice: demand analysis." Journal of Economics and Business, 54(2): 239-252

Soufani, K. (2002) "The decision to finance accounts receivables: the factoring option." Managerial and Decision Economics, 23(1): 21-32 (DOI: 10.1002/mde.1046)

Ibrahim, A.B., Soufani, K. and Lam, J. (2003) "Family business training: a Canadian perspective." Education and Training, 45(8-9): 474-482 (DOI: 10.1108/00400910310508865)

Poutziouris, P., Chittenden, F., Watts, T. and Soufani, K. (2003) "A comparative analysis of the impact of taxation on the SME economy: the case of UK and US - New York State in the year 2000." Environment and Planning C: Government and Policy, 21(4): 493-508 (DOI: 10.1068/c0338)

Soufani, K. (2003) "Small business growth and tax policy in Canada: a theoretical model." Environment and Planning C: Government and Policy, 21(4): 567-578 (DOI: 10.1068/c0322)

Tse, T. and Soufani, K. (2003) "Business strategies for small firms in the new economy." Journal of Small Business and Enterprise Development, 10(3): 306-320 (DOI: 10.1108/14626000310489781)

Ibrahim, A.B., Soufani, K., Poutziouris, P. and Lam, J. (2004) "Qualities of an effective successor: the role of education and training." Education and Training, 46(8-9): 474-480 (DOI: 10.1108/00400910410569597)

Ibrahim, A.B., McGuire, J., Soufani, K. and Poutziouris, P. (2004) "Patterns of strategy formation in a family firm." International Journal of Entrepreneurial Behaviour and Research, 10(1-2): 127-140 (DOI: 10.1108/13552550410521416)

Ibrahim, A.B., Lam, J., Soufani, K. and Poutziouris, P. (2004) "Entrepreneurial development at Artelite." International Journal of Management Cases, 6(3-4): 44-58

Pavlov, A., Poutziouris, P. and Soufani, K. (2004) "Evaluating flexibility in small business finance." Journal of Entrepreneurial Finance, 9(1): 73-97

Soufani, K., Vrontis, D. and Poutziouris, P. (2006) "Private equity for small firms: a conceptual model of adaptation versus standandardisation strategy." International Journal of Entrepreneurship and Small Business, 3(3-4): 498-515 (DOI: 10.1504/IJESB.2006.009289)

Tse, T. and Soufani, K. (2008) "The effects of economic conditions on takeover bid premiums." International Economics and Finance Journal, 3(1): 91-106

Soufani, K., Tse, T. and Chen, Q. (2008) "Performance of venture backed and non-venture backed IPO: evidence from Canada and the UK." Journal of International Finance and Economics, 8(2): 1-22

Ibrahim, B., McGuire, J. and Soufani, K. (2009) "An empirical investigation of factors contributing to longevity of small family firms." Global Economy and Finance Journal, 2(2): 1-21

Ibrahim, A.B., Lam, J., Soufani, K. and Poutziouris, P. (2010) "A longitudinal case research of a large family firm: Saputo Inc." International Journal of Management Cases, 13(1): 67-88

Tse, T. and Soufani, K. (2010) "Achieving strategic innovation through dilemma reconciliation." International Journal of Management Practice, 4(2): 117-133 (DOI: 10.1504/IJMP.2010.033690)

Soufani, K., Poutziouris, P. and Michaelas, N. (2013) "Trade credits: the case of small-medium sized enterprises." Global Business and Economic Review, 15(2-3): 163-180 (DOI: 10.1504/GBER.2013.053067)

Cole, O., Soufani, K. and Tse, T. (2013) "Notes on Islamic economics and finance." International Journal of Trade and Global Markets, 6(1): 83-91 (DOI: 10.1504/IJTGM.2013.051551)

Tse, T., Esposito, M. and Soufani, K. (2013) "Fast expanding markets: where new growth can be found." The European Business Review, 10 March 2013

Tse, T., Esposito, M., Soufani, K., Santora, J.C. and Roux, L. (2014) "Are we falling asleep at the switch, again? Some propositions for executive compensation." International Journal of Trade and Global Markets, 7(1): 53-66 (DOI: 10.1504/IJTGM.2014.058717)

Dbouk, W., Jamali, I. and Soufani, K. (2014) "The effectiveness of technical trading for Arab stocks." Emerging Markets Finance and Trade, 50(4): 5-25 (DOI: 10.2753/REE1540-496X500401)

Tse, T., Esposito, M. and Soufani, K. (2015) "How companies can benefit from the circular economy." California Management Review Blog, 4 November 2015

Tse, T., Esposito, M. and Soufani, K. (2015) "Why the circular economy matters." The European Business Review, 20 November 2015

Esposito, M., Tse, T. and Soufani, K. (2015) "L'avanzata dell'economia circolare." Harvard Business Review (Italia), 2 October 2015: 94-97

Esposito, M., Tse, T. and Soufani, K. (2015) "Ballando con la crescita." Harvard Business Review (Italia), 18 December 2015

Esposito, M., Tse, T. and Soufani, K. (2016) "How businesses can support a circular economy." Harvard Business Review, 1 February 2016

Esposito, M., Soufani, K. and Tse, T. (2016) "Entreprise, consommateur: pourquoi l’économie circulaire est la voie à suivre." Harvard Business Review (France), 11 February 2016

Tse, T., Esposito, M. and Soufani, K. (2016) "Fast-expanding markets: the revolution of the microeconomy." Thunderbird International Business Review, 58(1): 5-11 (DOI: 10.1002/tie.21738)

Esposito, M., Tse, T. and Soufani, K. (2016) "Food waste and the circular economy: no stinky business." California Management Review Blog, 30 March 2016

Esposito, M., Tse, T. and Soufani, K. (2016) "The circular economy takes on food waste." Stanford Social Innovation Review, 1 April 2016

Esposito, M., Soufani, K. and Tse, T. (2016) "Pourquoi vous devez miser sur le gaspillage alimentaire." Harvard Business Review (France), 22 April 2016

Esposito, M., Tse, T. and Soufani, K. (2016) "Companies are working with consumers to reduce waste." Harvard Business Review, 7 June 2016

Esposito, M., Tse, T. and Soufani, K. (2017) "Is the circular economy a new fast-expanding market?" Thunderbird International Business Review, 59(1): 9-14 (DOI: 10.1002/tie.21764)

Esposito, M., Soufani, K. and Tse, T. (2017) "La chimie verte: moins d’impact écologique, plus d’avantage compétitif." Harvard Business Review (France), 17 January 2017

Esposito, M., Soufani, K. and Tse, T. (2017) "Comment l’industrie automobile peut s’inspirer de l’économie circulaire." Harvard Business Review (France), 16 February 2017

Esposito, M., Soufani, K. and Tse, T. (2017) "Les postiers, sauveurs de l’économie circulaire?" Harvard Business Review (France), 20 April 2017

Esposito, M., Tse, T. and Soufani, K. (2017) "Come la logistica inversa potrebbe resuscitare il servizio postale in declino." Harvard Business Review (Italy), 3 May 2017

Books, monographs, reports & case studies

Astrachan, J.H., Poutziouris, P. and Soufani, K. (eds.) (2004) Family business casebook annual 2004. Kennesaw, GA: Cox Family Enterprise Center, Coles College of Business, Kennesaw State University.

Book chapters

Soufani, K. (2002) "Invoice financing as a strategic option for small businesses." In: Ibrahim, A.B. and Ellis, W.H. (eds.) Entrepreneurship and small business management: text, readings and cases. Dubuque, IA: Kendal Hunt, 4th edition, pp.462-467

Poutziouris, P., Soufani, K. and Michaelas, N. (2003) "On the determinants of exporting: UK evidence." In: Etemad, H. and Wright, R. (eds.) Globalization and entrepreneurship: policy and strategy perspectives. Cheltenham: Edward Elgar, pp.15-37

Soufani, K. and Poutziouris, P. (2003) "Factoring: is factoring a suitable option for growing small businesses?" In: Jolly, A. (ed.) The growing business handbook: inspiration and advice from successful entrepreneurs and fast growing UK companies. London: Kogan Page, 6th edition, pp.116-121

Ibrahim, A.B., Soufani, K., Lam, J. and Poutziouris, P. (2004) "The rise and fall of a large family business: the T. Eaton Co Ltd." In: Astrachan, J.H., Poutziouris, P. and Soufani, K. (eds.) (2004) Family business casebook annual 2004. Kennesaw, GA: Cox Family Enterprise Center, Coles College of Business, Kennesaw State University, pp.203-236

Soufani, K. and Tse, T. (2004) "Economic efficiency in traditional and dot.com firms: a theoretical approach." In: Etemad, H. (ed.) International entrepreneurship in small and medium size enterprises: orientation, environment and strategy. Cheltenham: Edward Elgar, pp.178-188

Soufani, K. (2006) "Comment on 'Monetary issues'." In: Hölscher, J. (ed.) Germany's economic performance: from unification to euroisation. Basingstoke: Palgrave Macmillan, pp.101-106

Soufani, K. (2012) "Factoring and invoice financing." In: Cumming, D. (ed.) The Oxford handbook of entrepreneurial finance. Oxford: Oxford University Press, pp.558-577

Aboulamer, A. and Soufani, K. (2012) "Sustainable finance and small medium enterprises." In Hahn, R., Janzen, H. and Matten, D. (eds.) Die gesellschaftliche Verantwortung des Unternehmens: Hintergründe, Schwerpunkte und Zukunftsperspektiven. Stuttgart: Schäffer-Poeschel, pp.307-319

Tse, T., Soufani, K. and Roux, L. (2012) "The ethical and social dimensions of executive compensation." In: O'Sullivan, P. et al (eds.) Business ethics: a critical approach: integrating ethics across the business world. Abingdon: Routledge, pp.101-117

Soufani, K., Cole, O. and O'Sullivan, P. (2015) "Is Islamic finance a complement to conventional Western finance? Underlying principles and viability." In: O'Sullivan, P., Allington, N.F.B. and Esposito, M. (eds.) The philosophy, politics and economics of finance in the 21st century: from hubris to disgrace. Abingdon, Oxon and New York, NY: Routledge, pp.74-90

Circular defence

The Circular Economy Research Initiative at Cambridge Judge Business School has been chosen by the European Defence Agency for study on circular …

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Green and circular

“Green chemistry” can help sustainability, Dr Khaled Soufani of Cambridge Judge says in an article about the Circular Economy on the World …

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Recycling luxury

Luxury auto makers can reduce waste and boost profit margins by adopting ‘circular economy’ strategies, says article in World Economic Forum co-authored …

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Best practices in innovation

HRH The Duke of York, KG, hosts a Reception at Buckingham Palace for a United Arab Emirates innovation team that is working …

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Faculty news update

A regular update on articles, awards and other developments involving Cambridge Judge Business School faculty and fellows. Article co-authored by Dr Khaled …

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Faculty news update

A regular update on articles, awards and other developments involving Cambridge Judge Business School faculty and fellows. Simon Taylor writes of Hinkley nuclear …

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Faculty news update

A regular update on articles, awards and other developments involving Cambridge Judge Business School faculty and fellows. ‘Frugal Innovation’ by Jaideep Prabhu …

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Small business financing

Different models for financing SMEs needed in Middle East region, Dr Khaled Soufani of Cambridge Judge writes in the Middle East Economic …

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Round and green

Article in the California Management Review co-authored by Khal Soufani of Cambridge Judge urges companies to recycle, expand product lifespans and shift …

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The circular economy

Khaled Soufani, Director of the Cambridge Judge Executive MBA programme, chosen as Guest Editor for a special issue of the California Management …

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Entrepreneurial Dutch visit

Top-level delegation from the Netherlands discusses entrepreneurship and the Cambridge Cluster at Cambridge Judge Business School. A top-level delegation from the Netherlands …

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Fast-Expanding Markets (FEMs)

New terminology is needed to move beyond ‘macroeconomics’ and ’emerging economies’ in order to identify new areas of growth, says study on …

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SME competitiveness

CEO Growth Challenge kicks off. The CEO Growth Challenge, an innovative programme that aims to enhance the competitiveness of 16 high-potential companies …

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SMEs: how new models of finance could make them the saviours of the economy

Dr Khaled Soufani, Senior Teaching Faculty in Finance and Director of the Executive MBA Programme, writes about the roles small and medium …

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Cambridge Judge Business School and the Pearl Initiative launch Senior Executive Leadership & Trust programme in Dubai

Cambridge Judge Business School and the Pearl Initiative, the leading independent private sector-led, not-for-profit institution working across the region to influence and …

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New Islamic Finance programme launched

Cambridge Judge Business School’s new Islamic Finance programme has opened its doors to its first intake of delegates. The Islamic Finance Executive …

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Automotive World: Auto industry toys with the circular economy

Companies in various industries, including car manufacturing, are looking to adopt principles of the circular economy. Khaled Soufani, Senior Faculty in Management …

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Cambridge Business Magazine: How the defence sector can benefit from circular economy

The Circular Economy Research Initiative at the School has been contracted for a research project with the European Defence Agency (EDA) on …

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The Conversation: How luxury carmakers can reduce waste and improve efficiency

Dr Khaled Soufani, Director of the Circular Economy Research Initiative (CERI) and Director of the Executive MBA programme at Cambridge Judge, co-authored …

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Business Weekly: Cambridge academics advise defence chiefs on ‘circular economy’

The Circular Economy Research Initiative at Cambridge Judge Business School has been contracted for a research project with the European Defence Agency …

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Environment Guru: European defence sector looks to adopt circular economy principles

The Circular Economy Research Initiative at Cambridge Judge Business School has been contracted for a research project with the European Defence Agency …

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Cambridge Business Magazine: Luxury carmakers can benefit from circular economy

Luxury auto makers can reduce waste and boost profit margins by adopting ‘circular economy’ strategies, says article in World Economic Forum co-authored …

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World Economic Forum: How green chemistry is helping make the world a better place

Dr Khaled Soufani, Senior Faculty in Management Practice and Director of the Executive MBA programme at Cambridge Judge, co-authored an article on …

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Auto Industry: Automakers should use ‘circular economy’

By exploring circular economy strategies luxury auto makers can improve their profit margins, says report co-authored by Dr Khaled Soufani, Senior Faculty …

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World Economic Forum: How car manufacturers can reduce waste

Dr Khaled Soufani, Senior Faculty in Management Practice and Director of the Executive MBA programme at Cambridge Judge, co-authors an article on …

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The European Business Review: The development of circular economies in China

An article co-authored by Dr Khaled Soufani, Senior Faculty in Management Practice at Cambridge Judge Business School, looks how China is implementing …

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Cambridge Business Magazine: Cutting food waste through circular economy

With legislative action in several countries, 2015 may have been a “watershed year for food waste,” according to an article about the …

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Harvard Business Review: Companies are working with consumers to reduce waste

Khaled Soufani, Senior Faculty in Management Practice and Director of the Executive MBA programme at Cambridge Judge, co-authors an article in the …

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World Economic Forum: Does the world need a new economic growth model?

Companies should find new ways to create a more sustainable environment, says an article in the Harvard Business Review co-authored by Dr …

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Harvard Business Review: How businesses can support a circular economy

Companies should find new ways to create a more sustainable environment, says an article in the Harvard Business Review co-authored by Dr …

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Cambridge Business Magazine: Companies help themselves through circular economy

Article co-authored by Khal Soufani, Senior Faculty in Management Practice at Cambridge Judge, discusses the importance of the circular economy. “To work …

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European Business Review: Why the circular economy matters

Article in the European Business Review co-authored by Khal Soufani, Senior Faculty in Management Practice at Cambridge Judge, discusses the importance of …

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Thinkers: The circular economy

It’s time to think small when it comes to identifying growth areas in the global economy, according to a study co-authored by …

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World Economic Forum: How to find the world’s fast-growing markets

It’s time to think small when it comes to identifying growth areas in the global economy, according to an article in World …

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The Conversation: From Chinese milk to Indian chocolate, behind the world’s most fast-expanding markets

It’s time to think small when it comes to identifying growth areas in the global economy, according to an article in The …

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The Next Silicon Valley: Economic development needs new terminology and metrics

New terminology is needed to move beyond “macroeconomics” and “emerging economies” in order to identify new areas of growth, says study on …

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Contact details

Khaled Soufani
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG
UK

Tel: +44 (0)1223 746701
Fax: +44 (0)1223 339701

k.soufani@jbs.cam.ac.uk