My teaching interests include fixed income securities analysis and trading, personal finance, corporate finance, the selection and management of investments, and derivative securities.
My published research includes papers on international diversification and capital structure, the decay of the time value of options, executive turnover following merger announcements, the market microstructure during partial holidays, export financing, the valuation of real options, and the use of futures and options to hedge interest rate and currency risk.
My scholarly work is published in peer-refereed journals such as Journal of Business Finance and Accounting (JBFA), Financial Review (FR), Canadian Journal of Administrative Sciences (CJAS), Managerial and Decision Economics (MDE), Review of Quantitative Finance and Accounting (RQFA), International Review of Economics and Finance (IREF), Decision Sciences (DSI), International Business Review (IBR), and International Journal of Bank Marketing (IJBM).
I developed courses and wrote educational material for the Institute of Canadian Bankers (personal financial planning) and for Certified General Accountants Association of Canada (corporate finance).
My research under-review or in-progress include topics such as derivatives trading, option writing risks and rewards, derivative securities and bank risk management, the intra-day pattern of the bid-ask spread and information asymmetry, corporate ownership structure and capital investments, and executive compensation and its relation to stakeholders' value.
I enjoy applying financial theory to solve practical problems of interest to businesses, individuals, and groups.
Comm 363, Intermediate Corporate Finance
This course deals with the advanced concepts related to corporate finance. It develops the skills and teaches the tools a professional will need to deal with the complicated financial decisions required to run a successful medium or large size corporation. The focus is on the risk factors that determine the cost of capital, financial leverage, dividend policy, mergers and acquisitions, leasing, derivative securities, hedging, and international corporate finance. The legal and ethical considerations in corporate financial decision making will be discussed throughout the course. Overall, you will master the corporate finance concepts, techniques, and practices and apply them to real life scenarios. As much as possible, the discussions, analysis, and learning will be based on minicase studies developed from practical situations.
Comm 429, Personal Financial Planning
This course deals with the advanced concepts related to personal financial strategies. It develops the skills and teaches the tools a professional will need to practice personal financial planning. The focus is on knowing your client's profile and financial situation and using this information to develop for this client investment, tax, personal risk, and estate planning management strategies. The legal and ethical considerations in personal financial planning will be emphasized throughout the course. Overall, you will master the personal financial planning concepts, techniques, and practices and apply them to real life scenarios. Throughout the semester, the discussions, analysis, and learning will be based on case studies developed from practical situations.
FIN 805, Fixed Income Securities
This course deals with the advanced concepts and theories related to fixed-income securities. It develops the skills and tools a professional will need to deal with the complicated financial decisions required to invest in a single fixed income security or a portfolio of such securities. Topics include the features of the various fixed income securities, the basic mathematics required to evaluate fixed income cash flows, the term structure of interest rates, term structure models, interest rate derivatives, and interest rate risk management strategies. Measurement and hedging of fixed income portfolio risk is a major component of the course. The legal and ethical considerations associated with investing in fixed income securities will be discussed throughout the course.
- Mishra, Dev and George Tannous, 2010, The Host Countries Securities Laws and the Capital Structure of US Multinationals, International Review of Economics and Finance, Volume 19, Issue 3, 483-500