Ph.D. in Finance, University of Connecticut
MBA in Business Administration, University of Texas - Pan American
B.A. in Accounting, Addis Ababa University
I conduct research in the areas of corporate finance, international finance, securities issuance and international financial markets. I have published papers in the Journal of Corporate Finance, the Financial Review, Applied Financial Economics, and Journal of Multinational Financial Management, to mention a few. I am also active in the finance profession as paper presenter and discussant. I presented papers at annual meetings of the Financial Management Association, Eastern Finance Association, Midwest Finance Association, Global Finance Association and Northeast Business and Economics Association.
As a result of my significant scholarly contributions, I am requested to review scholarly articles for journals. I reviewed papers for Applied Financial Economics, Journal of Banking and Finance, The Financial Review, Journal of Corporate Finance, Eurasian Economic Review, Business and Politics and African Journal of Business Management. I am also on the editorial board of American Journal of Economics and Business Administration.
I use results of my scholarly activities in my teachings. I share with my students results of my research papers. In my International Financial Management class, I share the results of my paper on European equity market integration following the adoption of the euro and the cross-country diversification opportunities within the euro countries. In my equity market analysis class I share my research papers on various topics that involve analysis of company fundamentals and the influence of external economic factors on company performance. My students always beat the general market index in the performance of the student managed Charger Portfolio.
Book Chapters
Carter, T., Ejara, D. D., Reis, C., Carter, W. (2011). Customer Challenges in Times of Global Risk and Uncertainty. In Piotr Pachura (Ed.), The Economic Geography Globalization, Book 3 (pp. 39-62). InTech Open Access. http://www.intechopen.com/books/the-economic-geography-of-globalization
Journal Articles
Daniels, K., Ejara, D. D., Vijayakumar, J. (2010). Debt Maturity, Risk, and Information Asymmetry: The Case of Municipal Bonds. The Financial Review, 45(3), 603-626.
Daniels, K., Ejara, D. D. (2009, in press). Impact of Information Asymmetry on Municipal Bond Yields: An Empirical Analysis. To appear in American Journal of Economics and Business Administration, 1(1), 11-20.
Refereed Journal Articles
Ejara, D. D. (2013). After-Market Performance of ADR IPOs: The Role of Inter-Tranche Allocation, Use of Proceeds and Corporate Control. Advances in Management, 6(10), 46-54.
Cakan, E., Ejara, D. D. (2013). On the Relationship between Exchange Rates and Stock Prices: Evidence from Emerging Markets. International Research Journal of Finance and Economics(111), 115-124.
Upadhyaya, K. P., Ejara, D. D., Nag, R. (2012). Opinion Polls and the Stock Market: Evidence from the 2008 U.S. Presidential Election. Applied Financial Economics, 22, 437-443.
Ejara, D. D., Gleason, K., Lee, C. (2010). An Empirical Analysis of European Stock Repurchases. Journal of Multinational Financial Management, 20, 114-125.
Ejara, D. D. (2010). Price-Volume Relations in the ADR Market. Academy of Taiwan Business Management Review, 6(1), 51-60.
Daniels, K., Ejara, D. D., Vijayakumar, J. (2009). An Empirical Analysis of the Determinants and Pricing of Corporate Bond IPO Clawbacks. Journal of Corporate Finance, 15(4), 431-446.
Ejara, D. D., Nag, R. (2009). Mutual Fund Performance and Managerial Tenure: Evidence from Index Funds. Journal of Business & Economics Research, 7(5), 103-111.
Carter, T., Ejara, D. D. (2008). Value Innovation Management and Discounted Cash Flow. Management Decision, 46(1), 58-76.
Ejara, D. D. (2007). Syndicate Size in Global IPO Underwriting. International Business & Economics Research Journal, 6(3), 49-56.
Ejara, D. D., Ghosh, C. (2004). Underpricing and Aftermarket Performance of American Depositary Receipts (ADR) IPOs. Journal of Banking & Finance, 28(12), 3151-3186.
Ejara, D. D., Ghosh, C. (2004). Impact of American Depositary Receipt (ADR) Listing on the Trading Volume and Volatility in the Domestic Market. Multinational Finance Journal, 8 (3&4), 247-274.
Ejara, D. D., Northeast Business and Economics Association, "Offshore Banking, Financial Crimes and Economic Performance," Northeast Business and Economic Association, Bretton Woods, New Hampshire. (November 7, 2013).
Ejara, D. D., Academy of Financial Services Annual Meeting, "Evaluating Investments Using Higher Moments," Academy of Financial Services, Chicago, Illinois. (October 17, 2013).
Ejara, D. D., Global Finance Association Annual Conference, "Aftermarket Performance of ADR IPOs: The Role of Inter-Tranche Allocation, Use of Proceeds and Corporate Control," Global Finance Association, Monterey Bay, California. (May 20, 2013).
Ejara, D. D., Daniels, K., Financial Management Association International (FMA) Annual Meeting, "The Impact of Private Equity Sponsors on Syndicated Loans," Denver, Colorado. (October 2011).
Cakan, E. (Author), Ejara, D. D. (Author & Presenter), Middle Eastern Economic Association Meeting at ASSA Meeting, "Dynamic linkages between exchange rates and stock prices: Evidence from emerging markets," Middle Eastern Economic Association, Denver, Colorado. (January 2011).
Cakan, E. (Author & Presenter), Ejara, D. D. (Author), Society for Studies of Emerging Markets (SSEM) Euro Conference, "Dynamic linkages between exchange rates and stock prices: Evidence from emerging markets," Society for Studies of Emerging Markets, Milas, Turkey. (June 28, 2010).
Upadhyaya, K. P., Ejara, D. D., Nag, R., "Opinion Polls and the Stock Market: Evidence from the 2008 U.S. Presidential Election," Midwest Economic Association, Evanston, Illinois. (March 2010).
Ejara, D. D., Academy of International Business (AIB) conference, "Price-Volume Relations in the ADR Markets," New York, New York. (2009).
Ejara, D. D., Ghosh, C., Eastern Finance Association, "Inter-Tranche Allocation of ADR IPO Shares," Trade Winds, FL. (April 2008).
Ejara, D. D., Daniels, K., Vijayakumar, J., Eastern Finance Association Meeting, "An Empirical Analysis of the Determinates and Pricing of Corporate Bond IPO Clawbacks," Trade Winds, Florida. (April 2008).
Ejara, D. D. (Discussant), Daniels, K., "Impact of Information Asymmetry on Municipal Bond Yields: An Empirical Analysis," Midwest Finance Association, San Antonio, TX. (March 2008).
Ejara, D. D., Nag, R., International Business and Economics Research Conference, "Mutual Fund Performance and Managerial Tenure: Evidence from Index Funds," Las Vegas, Nevada. (October 2007).
Ejara, D. D., 7th Annual Hawaiian International Conference on Business, "Offshore Banking, Financial Crimes & Economic Performance," Honolulu Hawaii. (May 24, 2007).
Ejara, D. D., Daniels, K., Vijayakumar, J., Eastern Finance Association Meeting, "Debt Maturity, Risk, and Information Asymmetry: The Case of Municipal Bonds," New Orleans, Louisiana. (April 2007).
Ejara, D. D., Financial Management Association International Annual Meeting, "Price-Volume Relations in the ADR Market," Salt Lake City, UTAH. (October 2006).
Ejara, D. D., 2006 Hawaiian International Conference on Business, "Price-Volume Relations in the ADR Market," Honolulu, Hawaii. (May 2006).
Ejara, D. D., 2006 Hawaiian International Conference on Business, "Syndicate Size in Global IPO Underwriting," Honolulu, HI. (May 2006).
Ejara, D. D., Gleason, K., Lee, C., Eastern Finance Association, "An Empirical Analysis of European Stock Repurchases," Philadelphia, Pennsylvania. (April 2006).
Ejara, D. D., Ghosh, C., Financial Management Association International Annual Meeting, "Inter-Tranche Allocation of ADR IPO Shares," Chicago, Illinois. (October 2005).
Ejara, D. D., "Federal Reserve Bank of New York’s "Central Banking Seminar," New York, NY. (January 13, 2005).
Ejara, D. D. (Discussant), Eastern Finance Association, Mystic, CT. (April 2004).
Ejara, D. D., Financial Management Association International annual meeting, "Comovement of European Equity Markets After Euro," Denver, CO. (October 2003).
Ejara, D. D. (Discussant), Midwest Finance Association, St. Louis, MO. (March 2003).
Ejara, D. D., Midwest Finance Association Meeting, "Comovement of European Equity Markets After Euro," St. Louis, MO. (March 2003).
Ejara, D. D. (Discussant), "In different cities and states each year," Financial Management Association (FMA) Annual Meeting. (2002).
Ejara, D. D. (Discussant), Global Finance Association, Los Angeles, California. (April 2001).
Ejara, D. D., Global Finance Association annual meeting, "Comovement of European Equity Markets After Euro," Los Angeles, CA. (April 2001).
Ejara, D. D. (Discussant), "In different cities and states each year," Financial Management Association (FMA) Annual Meeting. (2000).
Ejara, D. D., Ghosh, Nunn, Financial Management Association International Annual Meeting, "American Depositary Receipts Listing and Stock Market Development," Orlando, FL. (October 1999).
Ejara, D. D., Ghosh, Nunn, European Finance Association Conference, "American Depositary Receipts Listing and Stock Market Development," Helsinki, Finland. (August 1999).
Ejara, D. D., Ghosh, Nunn, European Finance Association Conference, "IPO Underpricing and Aftermarket Performance: A Comparison of American Depositary Receipts (ADRs) IPOs and US IPOs," Helsinki Finland. (August 1999).
Ejara, D. D., Ghosh, Nunn, Eastern Finance Association annual meeting, "IPO Underpricing and Aftermarket Performance: A Comparison of American Depositary Receipts (ADRs) IPOs and US IPOs," Miami, FL. (April 1999).
Ejara, D. D., Ghosh, Nunn, Financial Management Association International Annual Meeting, "IPO Underpricing and Aftermarket Performance: A comparison of American Depositary Receipts (ADRs) IPOs and US IPOs.," Miami, Florida. (October 1998).
Ejara, D. D. (Discussant), Southern Finance Association, Baltimore, Maryland. (November 1997).
Ejara, D. D. (Discussant), "In different cities and states each year," Financial Management Association (FMA) Annual Meeting. (1996).
Academic
Associate Professor of Finance, University of New Haven. (September 2006 - Present).
Director of Samuel S. Bergami, Jr. Learning Center for Finance and Technology, University of New Haven. (September 2006 - Present).
Associate Professor of Finance, William Paterson University of New Jersey. (September 2004 - August 2006).
Adjunct Faculty of Finance, Suffolk University. (May 2004 - August 2004).
Assistant Professor of Finance, University of Massachusetts Boston. (September 1999
- August 2004).
Lecturer, University of Connecticut. (September 1998 - June 1999).
Visiting Assistant Professor of Finance, Central Connecticut State University. (January 1998 - May 1998).
Assistant Lecturer, Addis Ababa University. (September 1987 - August 1989).
Professional
Chief Accountant and Management Analyst, Global Logistical Support, Inc. (GLS) and Sister Companies. (November 1991 - May 1993).
Revenue Auditor, Glacier Park, Inc. (May 1991 - August 1991).
Summer Job
Reviewer of Faculty File for Tenure & Promotion Case, SUNY College at Old Westbury,
New York. (October 24, 2013 - November 20, 2013).
Reviewed a faculty application packet for tenure and promotion for SUNY College at
Old Westbury
Reviewer, Journal Article, American Journal of Economics and Business Administration
(AJEBA). (November 18, 2013).
Reviewed article for journal publication
Conference-Related, Global Finance Association. (May 20, 2013 - May 22, 2013).
Discussed a paper presented at the annual conference
Reviewer, Journal Article, Applied Financial Economics. (March 18, 2013).
Reviewed article for journal publication
Reviewer, Ad Hoc Reviewer, Journal of Banking and Finance. (2001 - 2012).
Reviewer, Ad Hoc Reviewer, Journal of Corporate Finance. (2010).
Editorial Review Board Member, American Journal of Economics and Business Administration. (2009).
Reviewer, Ad Hoc Reviewer, Journal of International Financial Markets, Institutions and Money. (2008).
Conference-Related, Midwest Finance Association, San Antonio, Texas. (2008).
Reviewer, Conference Paper, Midwest Finance Association. (2008).
Reviewer, Conference Paper, Eastern Finance Association, Trade Winds, FL. (April 2008).
Discussant
Reviewer, Ad Hoc Reviewer, Applied Financial Economics. (2007).
Reviewer, Conference Paper, Eastern Finance Association, New Orleans, Louisiana. (2007 - April 2007).
Conference-Related, Eastern Finance Association, Philadelphia, PA. (April 2006).
Reviewer, Textbook, Corporate Finance, by Ross, Westerfield and Jaffe, McGraw-Hill/Irwin. (2005).
Reviewer, Textbook, Introduction to Corporate Finance, by Megginson and Smart. (2005).
Reviewer, Textbook, Money, Banking, and Financial Markets, by Cecchetti. (2005).
Reviewer, Conference Paper, Eastern Finance Association, Mystic, CT. (April 2004).
Discussant
Conference-Related, Financial Management Association (FMA) Annual Meeting, San Antonio, Texas. (2002).
Conference-Related, Global Finance Association, Los Angeles, California. (2001).
Newspaper
New Haven Register. Quoted for comments on consumer confidence, recession and unemployment situation. (July 1, 2009).
The Record. Quoted for comments given on fair tax proposal in The Record, a Bergen County, New Jersey, news paper. (May 29, 2005).
In the Media
Demissew Ejara, associate professor of finance, comments on ways to keep your car insurance costs down by having an accident-free driving record and taking precautions while driving.
In the Media
Demissew Ejara, associate professor of finance, comments that some senior citizens can experience high insurance rates due to factors such as poor eyesight and possible effects of medications.
In the Media
Demissew Ejara, associate professor of finance, comments on the importance of having your vehicle insured to protect your assets.
In the Media
Demissew Ejara, associate professor of finance, comments on the main determinants of the price of car insurance.
In the Media
Demissew Ejara, associate professor of finance, explains how the significant losses on the Japanese stock markets have impacted the U.S. markets.
In the Media
Demissew Ejara, associate professor of finance, discusses some benefits of an online checking account versus a traditional banking account.
In the Media
Demissew Ejara, associate professor of finance, comments on the importance of speaking directly with a human being on the phone when discussing investment options.
In the Media
Demissew Ejara, associate professor of finance, comments on some factors influencing short-term interest rates.
In the Media
Demissew Ejara, associate professor of finance, comments on the sudden closing of all Connecticut Boston Markets locations and the amount of debt the chain is in.
In the Media
Demissew Ejara, associate professor of finance, explains why a company's management should restructure instead of getting deeper into debt when they do not have enough cash flow.
In the Media
Demissew Ejara, associate professor of finance, comments it is still popular to celebrate Halloween as it is one of the most profitable days for the candy industry.
In the Media
Demissew Ejara, associate professor of accounting, finance, and marketing, discusses price increases – and a few decreases – for consumer goods reflected in September’s CPI.
In the Media
Demissew Ejara, associate professor of finance, explains why car insurance is so important for drivers.
In the Media
Demissew Ejara, associate professor of finance, comments on Fitch downgrading Yale New Haven Health System’s debt rating and the impact on the potential future borrowing.
In the Media
Demissew Ejara, associate professor of finance, comments on what umbrella insurance is and why some homeowners may opt for this extra coverage.
In the Media
Demissew Ejara, associate professor of finance, comments on the different types of loans available to those with bad credit.
In the Media
Demissew Ejara, associate professor of finance, discusses the differences in some credit cards for international travel and foreign currency exchange.
In the Media
Demissew Ejara, associate professor of accounting, finance, and marketing, says economic indicators may show a slight decline, but weakening consumer confidence will decrease spending, which negatively affects businesses.
In the Media
Demissew Ejara, associate professor of accounting, finance, and marketing, talks about the student loan forgiveness plan and its impact on the economy.
In the Media
Demissew Ejara, associate professor of economics, accounting, finance, and marketing, wrote an op-ed on multiple economic forecasts that consumers should be aware of before making financial decisions.
In the Media
Demissew Ejara, associate professor of accounting, finance, and marketing, comments that the economic outlook may not reach the point of a recession if the Senate can pass a bill on incentives for the construction of new semiconductor factories.
In the Media
Demissew Ejara, associate professor of accounting, finance, and marketing, talks about the debate over the word recession and if the country is in a recession or headed for one.
In the Media
Demissew Ejara, associate professor of finance, discusses why credit card companies may offer a 0% APR, and explains that their hidden costs or exclusions that can make it a trap.
In the Media
Demissew Ejara, associate professor of accounting, finance and marketing, talks about ‘shadow inflation’ and the long reaching impact on the economy.
In the Media
Demissew Ejara, associate professor of finance, comments on these loans' costs and high interest rates.
In the Media
Demissew Ejara, associate professor of finance, answers questions on personal loans and gives advice about paying them back.
In the Media
Demissew Ejara, associate professor of finance, answers questions for students and families on auto insurance coverage.
In the Media
Demissew Ejara, associate professor of finance, answers questions on the importance of getting multiple insurance quotes.
In the Media
Professor Demissew Diro Ejara, accounting and finance, gives his expert opinion for students with bad credit scores.
Demissew Diro Ejara, associate professor of finance and the director of the Samuel S. Bergami Learning Center for Finance and Technology, discusses the prevalence and benefits of having a high credit score and gives advice for those who desire to raise their own.