 |
|  |
MA (Waterloo); PhD (Queen’s)
Associate Professor in Finance
Area(s):
Finance
E-mail:
nmassoud@schulich.yorku.ca
Telephone:
(416) 736-2100 local 30099
Fax:
(416) 736-5687
Office:
Finance Area - Room N225 SSB
              
RESEARCH
Areas of Expertise

| 
Financial Intermediation, Corporate Finance, Corporate Governance and Market Microstructure. |
Current Research Projects

| 
“The Impact of Wealth on Credit Card Mistakes.” Working paper, (with Saunders and Scholnick). This working paper is submitted to the Review of Economic and Statistics.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1396764
“Should Short Selling be Restricted During Financial Crises?” (with Hasan, Saunders and Song).
“Hedge Funds in M&A Deals: Is there exploitation of Private Information?” (with Di, Nandy and Saunders).
“Why the Market Believes that there is No Smoke without Fire.” Working paper 2005, (with Ullah and Scholnick) Winner of Best Ph.D. Paper award, Northern Finance Association Conference 2005 (Awarded to Saif Ullah).
"Does it help to secretly buy Recommendations? (with Ullah and Scholnick)
“The Value Added by SEC Mandated Disclosure – The Case of Banks.” (with Andras Marosi and Igor Semenenko)
"Endogenous ATM Concentration.” Working paper 2004, (with Dan Bernhardt). This paper received a revise and resubmit for a second-round review at the Journal of Banking and Finance.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=899460
|
TEACHING
2010 - Present

| 
Management of Financial Institutions, MBA course.
Financial Risk Management, Master of Finance
|
Teaching Area/s

| 
Finance |
Courses Taught

| 
Topics in Finance I Corporate Finance, PhD course,
Management of Canadian Financial Institutions, undergraduate course.
Securities Markets and Investment Banking, graduate course (MBA).
Risk management, undergraduate course.
Introduction to Finance, undergraduate course. |
Previous Appointments
WORK EXPERIENCE
July 2007- Present Associated professor, Finance Area, , Schulich School of Business, York University, Toronto, ON., Canada, M3J 1P3
July 2000- July 2007 Assistant professor, Department of Finance and Management Science, School of Business, University of Alberta, Edmonton, AB, Canada, T6G 2R6.
1999- 2000 Instructor, Department of Economics, Queen’s University, Kingston, ON, Canada.
1999 Instructor, Department of Political Science and Economics, Royal Military college of Canada, Kingston, ON, Canada.
PROFESSIONAL LEADERSHIP
REPRESENTATIVE PUBLICATIONS
“Do Hedge Funds Trade on Private Information? Evidence from Syndicated Lending and Short-selling.” (with Nandy, Saunders and Song). Journal of Financial Economics (Forthcoming)..
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1462561
“The Cost of Being Late: Credit Card Penalty Fees.” (with Saunders and Scholnick). Journal of Financial Stability (Forthcoming).
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=890826.
“Bank Debt and Corporate Governance.” Review of Financial Studies, 2009, 22(1): 41-77, (with Victoria Ivashina, Vinay B. Nair, Anthony Saunders and Roger Stover). The best Paper on Empirical Finance, Southern Finance Association 2006.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=557082
“ “You Can Enter but You Cannot Leave..” U.S. Securities Markets and Foreign Firms.” Journal of Finance, October 2008, 63(5): 2477-2506 (with Andras Marosi).
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=882152
“The economics of credit cards, debit cards and ATMs: A survey and some new evidence.” The Journal of Banking and Finance, 2008, 32(8): 1468-1483, (with Anthony Saunders and Barry Scholnick). JBF 30th Anniversary Special Issue.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=899452
“Why do Firms Go Dark?” The Journal of Financial and Quantitative Analysis, 2007, 42(2):421–442, (with Andras Marosi).
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=570421
"The Impact of ATM Surcharges on Larger Versus Smaller Banks: Is There a Switching Effect?" The Journal of Business, September 2006, 79(5): 2099–2125 (with Anthony Saunders and Barry Scholnick)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=422880
“How Should Central Banks Determine and Control their Bank Note Inventory. “ The Journal of Banking and Finance, 2005, 29(12):3099-3119
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=899462
“ATM competition: Understanding ‘rip-off’ ATM surcharges.” Rand Journal of Economics, 2002, 33(1): 96-115 (with Dan Bernhardt)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=294547
“The Dynamics Of The Financial Market With A Liquidity Trader.” Journal of Financial Markets, 1999, 2: 359-389 (with Dan Bernhardt)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=110448
CURRICULUM VITAE
Name
Nadia Massoud
Rank
Associate Professor of Finance
Status
Full Time
Education
1995- 2000 Doctor of Philosophy (Economics/Finance), Queen’s University, Kingston ON. Canada. Thesis: “Essays on Financial Markets: Stock Market Dynamics with Rational Liquidity Traders; Explaining `Rip-off' ATM Surcharges.”
1994-1995 Master of Arts (Economics), University of Waterloo, Waterloo, ON. Canada. Thesis: “A Valuation Model of the Incentive Effect of the Executive’s Stock Options on the Managerial Effort in an Agency Model.”
Employment History
July 2007- Associated professor, Finance Area, , Schulich School of Business, York University, Toronto, ON., Canada, M3J 1P3
July 2000- July 2007 Assistant professor, Department of Finance and Management Science, School of Business, University of Alberta, Edmonton, AB, Canada, T6G 2R6.
1999- 2000 Instructor, Department of Economics, Queen’s University, Kingston, ON, Canada.
1999 Instructor, Department of Political Science and Economics, Royal Military college of Canada, Kingston, ON, Canada.
Honours
2006 The best Paper on Empirical Finance, Southern Finance Association.
2004-2008 Life Underwriter Fellowship, University of Alberta
1995-1998 Queen’s Graduate Award
1994-1995 University of Waterloo Graduate Award
1995 Nominated for the University of Waterloo Golden medal for academic excellence
Scholarly and Professional Activities
April 17, 2007 Expert Witness before the Finance Committee on "ATM fees and electronic payments”.
INVITED PRESENTATIONS
Simon Fraser University, ““You Can Enter but You Cannot Leave..” U.S. Securities Markets and Foreign Firms.” (Vancouver, BC, CANADA, February 2007).
Shulich school of Business , ““You Can Enter but You Cannot Leave..” U.S. Securities Markets and Foreign Firms.” (Toronto, ON, CANADA, November 2006).
The Arab Academy for Banking and Financial Sciences, ““You Can Enter but You Cannot Leave..” U.S. Securities Markets and Foreign Firms.” (Amman, Jordan, August 2006)
Saskatoon University, ““You Can Enter but You Cannot Leave..” U.S. Securities Markets and Foreign Firms.” (Saskatoon, Saskatchewan, Canada, June 2006)
Boundaries of SEC Regulation Conference at Claremont McKenna College, “Why Do Firms Go Dark?”(Ontario, California, USA, February, February 2006).
Granada University, “The Cost of Being Late: Credit Card Penalty Fees” (Granada, Spain, October 2005).
The Hebrew University of Jerusalem, “Why Do Firms Go Dark?” (Jerusalem, Israel, August 2005).
University of Jordan, “Why Do Firms Go Dark?” (Amman, Jordan, August 2005).
The First CGA Manitoba Finance Conference, organized by University of Manitoba, “Why Do Firms Go Dark?” (Winnipeg, Manitoba, CANADA, March 2005).
The Federal Reserve of Philadelphia, “The Impact of ATM Surcharges on Larger Versus Smaller Banks: Is There a Switching Effect?” (Philadelphia, PA, USA, September 2004).
Simon Fraser University, “Why Do Firms Go Dark?” (Vancouver, BC, CANADA, October 2004).
Granada University, “The Impact of ATM Surcharges on Larger Versus Smaller Banks: Is There a Switching Effect?” (Granada, Spain, October 2003).
The Bank Of Canada, “How Should Central Banks Determine And Control Their Bank Note Inventory” (Ottawa, ON, Canada, June 2003).
Catholic Portuguese University, ”The Impact of ATM Surcharges on Larger Versus Smaller Banks: Is There a Switching Effect?” (Lisbon, Portugal, May 2003).
CONFERENCE PRESENTATIONS
Northern Finance Association, [Presenter and Chair] (Toronto, ON, Canada, September 2007).
American Finance Association, [Presenter] (Chicago, Illinois, US, January 2007).
Northern Finance Association, [Presenter and Discussant] (Montreal, QC, Canada, September 2006).
Alberta/Calgary Banff Conference, [[Presenter] (Banff, Alberta, Canada, April 2006).
Northern Finance Association, [Presenter and Discussant] (St. Johns, NF, Canada, September 2005).
Alberta/Calgary Banff Conference, [Discussant] (Banff, Alberta, Canada, April 2005).
17th Australasian Finance and Banking Conference [Presenter] (Sydney, Australia, December 2004).
American Economic Association, [Presenter](Philadelphia, Pennsylvania, US, January 2004).
Northern Finance Association, [Presenter and Discussant] (St. Johns, NF, Canada, September 2004).
16th Australasian Finance and Banking Conference [Presenter] (Sydney, Australia, December 2003).
Northern Finance Association, [Presenter and Discussant] (Quebec, Quebec, Canada, September 2003).
15th Australasian Finance and Banking Conference [Presenter] (Sydney, Australia, December 2002).
Multinational Finance Association [Presenter] (Paphos, Cyprus, July 2002).
Northern Finance Association, [Presenter and Discussant] (Waterloo, Ontario, Canada, September 2000).
Financial Management Association, [Presenter] (Seattle, Washington, US, October 2000).
Financial Management Association, [Presenter at Doctorate Students Seminar] (Orlando, Florida, US, October 1999).
Northern Finance Association, [Presenter and Discussant] (Calgary, Alberta, Canada, September 1999).
Northern Finance Association, [Presenter and Discussant] (Toronto, ON. Canada, September 1998).
Graduate Thesis Supervisions
Saif Ullah “Three essays in corporate finance", PHD Finance, University of Alberta.
Graduate Courses Taught
Topics in Finance I: Corporate Finance (Ph.D level)
Securities Markets and Investment Banking (MBA level)
Research Funding
2006-2007 The Institute for US Policy Studies, University of Alberta, Canada
2006-2009 Social Sciences and Humanities Research Council,SSHRC, Canada
2006-2007 SAS Fund, University of Alberta
2006-2008 Federal Deposit Insurance Corporation (FDIC) Center for Financial Research, Washington, DC, US
2004-2008 Life Underwriter Fellowship, University of Alberta
2005-2007 The BBVA research foundation, Spain
2003-2005 Social Sciences and Humanities Research Council,SSHRC, Canada
2001-2006 National Research Program on Financial Services & Public Policy (4 awards)
2002-2004 NOVA Fund, University of Alberta
2001-2002 SAS Fund, University of Alberta
2000-2001 Muir Fund, University of Alberta
Publications
Books
Refereed Full Journal Papers
“Bank Debt and Corporate Governance.” Review of Financial Studies, Forthcoming, (with V. Ivashina, V. Nair, A. Saunders and R. Stover). The best Paper on Empirical Finance, Southern Finance Association 2006.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=557082
“ “You Can Enter but You Cannot Leave..” U.S. Securities Markets and Foreign Firms.” Journal of Finance, Forthcoming, (with Andras Marosi).
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=882152
“Retail Payment Systems: A Survey.” The Journal of Banking and Finance, JBF 30th Anniversary Special Issue (Forthcoming), (with Anthony Saunders and Barry Scholnick)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=899452
“Why do Firms Go Dark?” The Journal of Financial and Quantitative Analysis, 2007, 42(2):421–442, (with Andras Marosi).
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=570421
"The Impact of ATM Surcharges on Larger Versus Smaller Banks: Is There a Switching Effect?" The Journal of Business, September 2006, 79(5): 2099–2125 (with Anthony Saunders and Barry Scholnick)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=422880
“How Should Central Banks Determine and Control their Bank Note Inventory. “ The Journal of Banking and Finance, 2005, 29(12):3099-3119
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=899462
“ATM competition: Understanding ‘rip-off’ ATM surcharges.” Rand Journal of Economics, 2002, 33(1): 96-115 (with Dan Bernhardt)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=294547
“The Dynamics Of The Financial Market With A Liquidity Trader.” Journal of Financial Markets, 1999, 2: 359-389 (with Dan Bernhardt)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=110448
Refereed Conference Proceedings
Technical Reports
“The Banknote Inventory Management model for Canada,” Bank of Canada, 2003 |