Demissew Ejara

Education

Ph.D. 1998 Finance, University of Connecticut, Storrs, CT

MBA 1991 Business Administration, University of Texas-Pan American, Edinburg, TX

BA 1987 Accounting, Addis Ababa University, Addis Ababa, Ethiopia

Published Books and Articles

• Carter, Tony and Ejara, Demissew (2008) "Value Innovation Management and Discounted Cash Flow" Management Decision, Vol. 46, No.1 (Forthcoming).

• Ejara, Demissew. "Syndicate Size in Global IPO Underwriting." International Business & Economics Research Journal, Vol. 6, No.3, March 2007, pp.49-56.

• Ejara, Demissew and Chinmoy Ghosh. "Underpricing and Aftermarket Performance of American Depositary Receipts (ADR) IPOs." Journal of Banking and Finance. Vol. 28, No.12, December 2004, pp.3151-3186.

• Ejara, Demissew and Chinmoy Ghosh. "Impact of American Depositary Receipt (ADR) Listing on the Trading Volume and Volatility in the Domestic Market." Multinational Finance Journal. 2004, Vol.8 No.3&4, pp.247-274.

Work in Progress

• Ejara, Demissew. "Is Cross-Country Diversification Across the Euro Zone Beneficial?" Under review at Managerial Finance.

• "Inter-Tranche Allocation of ADR IPO Shares" (With Chinmoy Ghosh).

• Ejara, Demissew. "Price-Volume Relations in the ADR Market" Under review at Journal of Applied Business Research.

•  "An Empirical Analysis of European Stock Repurchases" (with Kimberley Gleason and Chun Lee).

• "Debt Maturity, Risk, and Information Asymmetry: The Case of Municipal Bonds" (with Kenneth Daniels and Jayaraman Vijayakumar). Under review at The Financial Review.

• "Impact of Information Asymmetry on Municipal Bond Yields: An Empirical Analysis" (with Kenneth Daniels).

• "An Empirical Analysis of the Determinants and Pricing of Corporate Bond IPO Clawbacks" (with Kenneth Daniels and Jayaraman Vijayakumar)

• "Mutual Fund Performance and Managerial Tenure: Evidence from Index Funds" (with Raja Nag) Under review at Journal of Applied Business Research.

Courses Taught

Course in the following categories at both undergraduate and graduate levels. 

Other

Dr. Ejara joined the University of New Haven in September 2006 after several years of teaching experience at University of Massachusetts Boston (1999-2004) and William Paterson University of New Jersey (2004-2006).  He is also director of the Samuel S. Bergami Learning Center for Finance and Technology. He is active in the finance academic profession.  He is a member of the Financial Management Association, Eastern Finance Association and Oromo Studies Association.  He received Outstanding Paper Award in the area of investment from Eastern Finance Association (2007), Best Paper Award in International Finance from Financial Management Association (1998) and CIBER Dissertation Award from University of Connecticut (1996). He presented research papers at several of the finance conferences and serves as an ad hoc reviewer for Journal of Banking and Finance, Global Finance Journal, Applied Financial economics and the Journal of International Financial Markets, Institutions & Money. Dr. Ejara spends his spare time with his family.