Mohammad Rahaman

Associate Professor of Finance
Canada Research Chair (CRC Tier II)

Sobey School of Business
Finance Info Sys and Mgmt Science

Faculty Member Information

Interests

Currently, I am working on three different but related topics in corporate finance: (i) how organizational structure of firms affect their choice of financial structure; (ii) how the structure and design of bank loan contracts affect firm-level real outcomes such as innovation and investment; (iii) identifying plausible channels via which financial shocks get transmitted into the real sector and vice versa. I also have projects related to corporate governance and financial development at various stages of development.

Education

Ph.D., Economics and Finance, University of Toronto, 2009
MPhil, Management Studies, University of Cambridge, 2003
M.A., Economics, York University, 2001
B.A., Economics and Finance, IIUM, 2000

Academic Work Experience

2014 - Present, Associate Professor of Finance (with Tenure), Sobey School of Business, Saint Mary' s University
2009 - 2014, Assistant Professor of Finance, Sobey School of Business, Saint Mary' s University
2008 - 2008, Instructor for Managerial Economics: Competitive Strategy, Department of Economics, University of Toronto
2007 - 2007, Instructor for Business Finance, Rotman School of Business, University of Toronto
2003 - 2007, Teaching Assistant for Microeconomic Theory, Department of Economics, University of Toronto
2003 - 2003, Instructor for Economics and Politics, Oxford Tradition at Pembroke College, Oxford University, U.K

Honours

Nomination MBA Professor of the Year (Top 3) Sobey School of Business, Saint Mary's University - 2014
FMA Best Competitive Paper Corporate Finance - 2011
Fellowship Award Toronto CFA Society - 2009
PhD Fellowship Canadian Securities Institute Research Foundation P - 2008
Edward B. Kernaghan Fellowship Department of Economics, University of Toronto - 2008
Excellence in Teaching Award Department of Economics, University of Toronto - 2008
Excellence in Teaching Award Rotman School of Management, University of Toronto - 2008
Royal Bank Graduate Fellowship Department of Economics, University of Toronto - 2007
Excellence in Teaching Award Rotman School of Management, University of Toronto - 2007
Teaching Assistant Excellence Award University of Toronto - 2006
Overseas Research Student (ORS) Award U.K. Universities - 2004
Developing World Education Fund Cambridge Scholarship Cambridge Commonwealth Trust - 2004
Doctoral Fellowship University of Toronto - 2003
Selwyn College Scholar Cambridge University - 2003
Cambridge Commonwealth Trust Scholarship University of Cambridge - 2002
International Student Scholarship York University - 2000
University Level Best Student Award in Economics and Finance IIUM Malaysia - 2000
Dean's List Award IIUM Malaysia - 2000
Prime Minister's Award Government of Bangladesh - 1995
Prime Minister’s Award Government of Bangladesh - 1993

Teaching: Course / Program Development

2008/03 - Present, Teaching at Sobey School of Business, Saint Mary's University
2007/03 - 2007/03, Teaching at Department of Economics, University of Toronto
2006/03 - 2007/03, Teaching at Rotman School of Management, University of Toronto

Scholarly Contributions

Journal Articles

Rahaman Mohammad, Aivazian V, Zhou S. "Does Diversification Provide Insurance Against Economic Disruptions?" (Fall - 2017)
Rahaman Mohammad, Rau P.R., Zaman A. "The Effect of Supply Chain Power on Debt Financing" (Fall - 2017)
Rahaman Mohammad, Khokhar A.R., Qiu J. "Window Dressing in Corporate Cash: Are Firms as Liquid as They Appear?" (Fall - 2017)
Rahaman Mohammad, Davydenko S. "Excessive Continuation and the Costs of Flexibility in Financial Distress" (Fall - 2017)
Rahaman Mohammad. "Dynamics of Financial Development: Does Equity Market Stifle Private Credit Market?" (Fall - 2017)
Rahaman Mohammad, Aivazian V. "Do Firms Delay Exit? An Empirical Analysis" (Fall - 2017)
Rahaman Mohammad, Ding D. "Booms, Busts, and the Market for Corporate Control" (Fall - 2017)
Rahaman Mohammad, Aivazian V. "Do Financial Regulations Matter for Firm Performance? Evidence from Systemic Banking Crises" (Fall - 2017)
Rahaman Mohammad. "Chinese Import Competition and the Provisions for External Debt Financing in the U.S.", Journal of International Business Studies 47:8 (Fall - 2016), 898-928
Aivazian Varouj, Qiu Jiaping, Rahaman Mohammad. "Bank Loan Contracting and Corporate Diversification: Does Organizational Structure Matter to Lenders?", Journal of Financial Intermediation 24:2 (Spring - 2015), 252-282
Rahaman M.. "Do Managerial Behaviors Trigger Firm Exit? The Case of Hyperactive Bidders", Quarterly Review of Economics and Finance 51 (Spring - 2014), 92-110
Rahaman M., Zaman A.. "Management Quality and the Cost of Debt: Does Management Matter to Lenders?", Journal of Banking & Finance 37 (Spring - 2013), 854-874
Aivazian V., Lai T., Rahaman M.. "The Market for CEOs: An Empirical Analysis", Journal of Economics & Business 67 (Spring - 2013), 24-54
Rahaman M.. "Access to Financing and Firm Growth", Journal of Banking & Finance 35 (Spring - 2011), 709-723

Presentation

Rahaman Mohammad, Aivazian V, Priyo A. "Do Firm Continue Excessively? An Empirical Analysis", ERG 2015 (Spring - 2015)
Rahaman Mohammad. "Economics Research Group (ERG) Meeting" (Summer - 2015)
Rahaman Mohammad, Aivazian V, Priyo A. "Do Firm Continue Excessively? An Empirical Analysis", MFS 2015 (Spring - 2015)
Rahaman Mohammad. "Multinational Finance Society (MFS) Conference" (Summer - 2015)
Rahaman Mohammad, Aivazian V, Priyo A. "Do Firm Continue Excessively? An Empirical Analysis", CEA 2015 (Spring - 2015)
Rahaman Mohammad. "Trade Liberalization and Access to Financing: Evidence from Bank Loan Contracting", CEA 2015 (Spring - 2015)
Rahaman Mohammad. "Canadian Economics Association (CEA) Meetings" (Spring - 2015)
Rahaman Mohammad. "Multinational Finance Society (MFS) Conference" (Summer - 2014)
Rahaman Mohammad, Aivazian V, Zhou S. "Are Conglomerates More Resilient to Economic Shocks?", FMA 2014 (Spring - 2014)
Rahaman Mohammad, Aivazian V, Priyo A. "Do Firm Continue Excessively? An Empirical Analysis", University of Toronto (Spring - 2014)
Rahaman Mohammad, Aivazian V, Zhou S. "Are Conglomerates More Resilient to Economic Shocks?", Australian Banking & Financing Conference, 2014 (Spring - 2014)
Rahaman Mohammad, Rau P, Zaman A. "Supply-chain Flexibility and the Cost of Debt", FMA 2014 (Spring - 2014)
Rahaman Mohammad. "Financial Management Association (FMA) Meetings" (Fall - 2014)
Rahaman Mohammad. "Australian Banking & Finance Conference" (Fall - 2014)
Rahaman Mohammad. " School of Business" (Fall - 2013)
Rahaman Mohammad. "Dynamics of Financial Development: Does Equity Market Stifle Private Credit Market?", FMA 2013 (Spring - 2013)
Rahaman Mohammad. " Northern Finance Association (NFA) Meetings" (Fall - 2013)
Rahaman Mohammad, Aivazian V, Ding D. "Do Financial Regulations Matter for Firm Performance? Evidence from Systemic Banking Crises", NFA 2013 (Spring - 2013)
Rahaman Mohammad. "Trade Liberalization and Access to Financing: Evidence from Bank Loan Contracting", Dalhousie University 2013 (Spring - 2013)
Rahaman Mohammad. "Financial Management Association (FMA) Meetings" (Fall - 2013)
Rahaman Mohammad. "Northern Finance Association (NFA) Meetings" (Fall - 2012)
Rahaman Mohammad, Rau P, Zaman A. "Supply-chain Flexibility and the Cost of Debt", NFA 2012 (Spring - 2012)
Rahaman Mohammad, Aivazian V, Ding D. "Do Financial Regulations Matter for Firm Performance? Evidence from Systemic Banking Crises", FMA 2012 (Spring - 2012)
Rahaman Mohammad. "Financial Management Association (FMA) Meetings" (Fall - 2012)
Rahaman Mohammad, Ding D. "Booms, Busts, and the Market for Corporate Control", Dalhousie University (Spring - 2011)
Rahaman Mohammad. "School of Public Administration" (Winter - 2011)
Aivazian V, Sun L, Rahaman Mohammad. "Financial Shocks and Firm Performance: Evidence from Systemic Banking Crises", FMA 2011 (Spring - 2011)
Rahaman Mohammad. "School of Business" (Fall - 2011)
Rahaman Mohammad, Ding D. "Booms, Busts, and the Market for Corporate Control", FMA 2011 (Spring - 2011)
Rahaman Mohammad. "Financial Management Association (FMA) Meetings" (Fall - 2011)
Rahaman Mohammad, Aivazian V, Lai T. "How Do CEOs Create Value for Their Firms?", FMA 2010 (Spring - 2010)
Rahaman Mohammad, Aivazian V, Lai T. "How Do CEOs Create Value for Their Firms?", EFA 2010 (Spring - 2010)
Rahaman Mohammad. "Bad Luck or Bad Policy: Why Do Firms Fail", EFA 2010 (Spring - 2010)
Rahaman Mohammad, Ding D. "Booms, Busts, and the Market for Corporate Control", NFA 2010 (Spring - 2010)
Rahaman Mohammad. "Northern Finance Association (NFA) Meetings" (Fall - 2010)
Rahaman Mohammad. "Eastern Finance Association (EFA) Meetings" (Spring - 2010)
Rahaman Mohammad. "Bad Luck or Bad Policy: Why Do Firms Fail", FMA 2010 (Spring - 2010)
Rahaman Mohammad. "Financial Management Association (FMA) Meetings" (Fall - 2010)
Rahaman Mohammad, Ding D. "Booms, Busts, and the Market for Corporate Control", University of Toronto (Spring - 2010)
Rahaman Mohammad. "Canadian Economics Association (CEA) Meetings" (Spring - 2009)
Rahaman Mohammad, Davydenko S. "Excessive Continuation and the Costs of Flexibility in Financial Distress", WFA (Spring - 2009)
Rahaman Mohammad. "Department of Economics" (Fall - 2009)
Rahaman Mohammad. "School of Business" (Fall - 2009)
Rahaman Mohammad. "All China Economics International Conference" (Fall - 2009)
Rahaman Mohammad. "Toronto CFA Society Workshop" (Spring - 2009)
Rahaman Mohammad. "Northern Finance Association (NFA) Meetings" (Spring - 2009)
Rahaman Mohammad. "Northern Finance Association (NFA) Meetings" (Fall - 2009)
Rahaman Mohammad. "Bad Luck or Bad Policy: Why Do Firms Fail", CEA 2008 (Spring - 2008)

Other Publications

Rahaman Mohammad, Aivazian V, Priyo A. "Do Firm Continue Excessively? An Empirical Analysis" (Spring - 2014)
Rahaman Mohammad, Aivazian V, Zhou S. "Are Conglomerates More Resilient to Economic Shocks?" (Spring - 2014)
Rahaman Mohammad. "Dynamics of Financial Development: Does Equity Market Stifle Private Credit Market?" (Spring - 2013)
Rahaman Mohammad, Rau P, Zaman A. "Supply-chain Flexibility and the Cost of Debt" (Spring - 2012)
Rahaman Mohammad, Aivazian V, Ding D. "Do Financial Regulations Matter for Firm Performance? Evidence from Systemic Banking Crises" (Spring - 2012)
Aivazian V, Sun L, Rahaman Mohammad. "The Real Effects of Credit Contractions: A Firm-Level Analysis"
FMA (Spring - 2011)
Aivazian V, Sun L, Rahaman Mohammad. "Financial Shocks and Firm Performance: Evidence from Systemic Banking Crises"
Financial Management (Spring - 2011)
Rahaman Mohammad, Ding D. "Booms, Busts, and the Market for Corporate Control" (Spring - 2010)
Rahaman Mohammad, Aivazian V, Lai T. "How Do CEOs Create Value for Their Firms?" (Spring - 2010)
Rahaman Mohammad, Davydenko S. "Excessive Continuation and the Costs of Flexibility in Financial Distress"
Review of Finance (Spring - 2009)
Rahaman Mohammad. "Bad Luck or Bad Policy: Why Do Firms Fail" (Spring - 2008)

Service: Institutional Committees

Academic Senate, 2015/03 - None (Member)
Department Chair Search Committee, Sobey School of Business, 2013/03 - 2013/04 (Member)
Recruiting Committee Member, Department of Finance, Information Systems, and Management Science, 2013/03 - 2014/03 (Member)
Office Space Allocation Committee Member, Sobey School of Business, 2012/03 - None (Member)
Master of Finance (MFin) Council Member, Sobey School of Business, 2011/03 - None (Member)
Finance Faculty Recruiting Interview Committee, Sobey School of Business, 2010/03 - 2010/03 (Member)
B.Com Council, Sobey School of Business, 2009/03 - 2010/03 (Member)

Service: Professional or Disciplinary

Member, Board of Directors, Maritime Muslim Academy 2015/03 - 2017/01
Board of Trustee, Canadian Association of University Teachers (CAUT) Defence Fund 2014/03 - 2017/01
Referee, Mid-West Finance Association Conference 2013 2012/03 - 2012/03
Referee, Mid-West Finance Association Conference 2012 2011/03 - 2011/03
Referee, Social Sciences and Humanities Research Council (SSHRC) 2008/03 - Present
Referee, Journal of Banking & Finance (multiple times) 2008/03 - Present
Referee, European Journal of Finance 2008/03 - Present
Referee, Financial Review 2008/03 - Present
Referee, International Journal of Managerial Finance 2008/03 - Present
Referee, International Review of Economics and Finance 2008/03 - Present
Referee, Revue Finance 2008/03 - Present
Referee, Journal of Economics and Finance 2008/03 - Present
Referee, Canadian Journal of Administrative Science (multiple times) 2008/03 - Present
Referee, Emerging Market Finance & Trade 2008/03 - Present
Referee, Technological and Economic Development of Economy 2008/03 - Present
Referee, Management Research Review 2008/03 - Present
Referee, Borsa Istanbul Review 2008/03 - Present