Ashraf Zaman


Sobey School of Business
Finance Info Sys and Mgmt Science

Faculty Member Information

Education

Ph.D., Financial Economics, Purdue University, 2004
M.S., Economics, Krannert Graduate School of Management , 2002
M.A., Economics, Ohio University, 2000
B.A., Economics (cum laude), Ohio University, 1998
B.S., Biochemistry, Ohio University, 1997

Academic Work Experience

2013 - 2014, Visiting Scholar (with teaching assignment) , Carlson School of Management, University of Minnesota
2010 - 2012, Chairperson, Department of Finance, Information Systems, and Management Science, Saint Mary's University
2009 - Present, Associate Professor of Finance (with tenure), Department of Finance, Information Systems, and Management Science , Sobey School of Business (AACSB accredited), St. Mary’s University (SMU)
2004 - 2009, Assistant Professor of Finance, Department of Finance, Information Systems, and Management Science , Sobey School of Business (AACSB accredited), St. Mary’s University (SMU)

Membership

2005 - Present, American Economic Association
2005 - Present, American Finance Association
2005 - Present, Financial Management Association

Honours

Nomination for the MBA Professor of the Year Award Saint Mary's University - 2012
Recognition for Teaching Excellence Purdue University - 2003
Distinguished Teaching Award Purdue University - 2002
Distinguished Teaching Award Purdue University - 2001
Graduate Scholarship, 1999-2004 Purdue University - 1999
Graduate Scholarship, 1998-1999 Ohio University - 1998

Teaching: Course / Program Development

2006/03 - Present, Teaching Experience MBA at Saint Mary's University
2006/03 - 2011/03, Teaching Experience MBA-CMA at Saint Mary's University
2006/03 - 2011/03, Teaching Experience MFIN at Saint Mary's University
2003/03 - Present, Teaching Experience BCOM at Saint Mary's University

Scholarly Contributions

Journal Articles

Zaman Ashraf. "Distributional Impacts of Canada's Tax-Free Savings Accounts", Canadian Public Policy 43:4 (Fall - 2017), 331-349
Rahaman M., Zaman A. "Management Quality and the Cost of Debt: Does Management Matter to Lenders?", Journal of Banking & Finance 37:3 (Spring - 2013), 854-874
Sy O, Zaman A. "Gridlock versus Harmony: The Effect of Presidential Cycle", International Journal of Portfolio Analysis & Management 1:3 (Spring - 2013), 288-298
Horan S, Zaman Ashraf. "Risk-Sharing Implications for Roth IRA conversions: Fact and Fiction", Financial Services Review 22:2 (Spring - 2013), 193-213
Sy O, Zaman A. "Resolving the Presidential Puzzle", Financial Management 40:2 (Spring - 2011), 331-355
Mackinnon G, Zaman A. "Real Estate for the Long Term: The Effect of Return Predictability on Long Horizon Allocations", Real Estate Economics 37:1 (Spring - 2009), 117-153
Horan S, Zaman A. "IRAs under progressive tax regimes and income growth", Financial Services Review 18:3 (Spring - 2009), 195-211
Horan S, Zaman A. "Tax-Adjusted Portfolio Optimization and Asset Location: Extensions and Synthesis", Journal of Wealth Management 11:3 (Spring - 2008), 56-73
Zaman A.. "Reconsidering IRA and Roth IRA Keeping Bequests and Other Options in Mind", Journal of Wealth Management 11:2 (Spring - 2008), 82-92

Presentation

Zaman Ashraf. "Northern Finance Association (NFA) Meetings" (Fall - 2017)
Zaman Ashraf. "Annual Meeting of the Financial Management Association (FMA)," (Fall - 2017)
Zaman Ashraf. "Canadian Economic Association (CEA) Meetings" (Summer - 2016)
Zaman Ashraf. "Northern Finance Association (NFA) Meetings" (Fall - 2015)
Zaman Ashraf. "Annual Meeting of the Financial Management Association ", Financial Management Association (Spring - 2014)
Zaman Ashraf. "Annual Meeting of the Financial Management Association ", Financial Management Association (Spring - 2012)
Zaman Ashraf. "Northern Finance Association (NFA) Meetings", Northern Finance Association (Spring - 2012)
Zaman Ashraf. "Northern Finance Association (NFA) Meetings", Northern Finance Association (Spring - 2011)
Zaman Ashraf. "Canadian Economic Association (CEA) Meetings", Canadian Economic Association (Spring - 2011)
Zaman Ashraf. "Canadian Economic Association (CEA) Meetings", Canadian Economic Association (Spring - 2010)
Zaman Ashraf. "Annual Meeting of the Financial Management Association ", Financial Management Association (Spring - 2009)
Zaman Ashraf. "Annual Meeting of the Eastern Finance Association (EFA)", Eastern Finance Association (Spring - 2009)
Zaman Ashraf. "Retirement Planning Association of Canada (RPAC)", 30th Annual National Conferenc (Spring - 2009)
Zaman Ashraf. "30th Annual National Conferenc" (Spring - 2009)
Zaman Ashraf. "Annual Meeting of the Financial Management Association ", Financial Management Association (Spring - 2008)
Zaman Ashraf. "15th Annual Conference of Multinational Finance Society (MFS)", Multinational Finance Society (Spring - 2008)
Zaman Ashraf. "Annual Meeting of the Eastern Finance Association (EFA)", Eastern Finance Association (Spring - 2008)
Zaman Ashraf. "ASAC Annual Conference", ASAC (Spring - 2008)
Zaman Ashraf. "Advances in Portfolio Decision Making" (Spring - 2007)

Conference Proceedings

Lightstone K, Zaman A. "Reassessing Canadian Hedging Practices: A Survey Study", Administrative Sciences Association of Canada (ASAC) (2008 - 2008)

Other Publications

Zaman Ashraf. "Cash holding and technological development: Evidence from IT mediated improvement in inventory management " (Spring - 2015)
Zaman Ashraf, Rahaman M, Rau R. "How Does Supply-Side Flexibility Affect Loan Financing? Evidence from Uncertainty Shocks " (Spring - 2015)
Zaman Ashraf. "Cash holdings, market frictions and monetary policy: An investigation of increase in cash holdings "
FMA meetings (Spring - 2012)
Sy O, Zaman Ashraf. "Politics and Stock Returns: A Rationalization " (Spring - 2011)
Zaman Ashraf. "Contribution Limit and Retirement Saving "
NFA (Spring - 2011)
Charupat N, Zaman Ashraf. "Commodity futures investing and commodity currency countries "
CEA (Spring - 2010)
Zaman Ashraf. "Contribution Limit and Retirement Saving "
EFA (Spring - 2009)
Zaman Ashraf. "Taking a Closer Look at the RRSP and TFSA"
Advisor’s Edge Report (Spring - 2008)

Service: Institutional Committees

Masters of Finance Council, 2009/03 - 2011/03 (Member)
Masters of Finance Council, 2007/03 - 2010/03 (Member)
University Pension Committee , 2007/03 - 2011/03 (Member)
Joint University- SMUFU Recruitment Committee , 2006/03 - 2006/03 (Member)
Learning outcomes oversight committee , 2004/03 - 2006/03 (Member)
Critical Thinking subcommittee, 2004/03 - 2006/03 (Chair)
BComm Council, 2004/03 - 2006/03 (Member)

Service: Professional or Disciplinary

Referee, Global Finance Journal, 2017/01 - Present
Referee, Financial Management, 2016/04 - Present
Referee, Journal of Financial and Quantitative Analysis, 2016/01 - Present
Guest Associate Editor, Decision Sciences Journal, 2014/02 - 2015/01
Program Committee Member, Northern Finance Association 2013/03 - 2014/03
Program Committee Member, Northern Finance Association (NFA), 2013/02 - 2015/02
Program Committee Member, Midwest Finance Association (MFA) 2010/03 - 2010/03
Discussant, NFA 2010/03 - 2011/03
Discussant, FMA 2010/03 - 2012/03
Reviewer, The 2012 SFS Finance Cavalcade, USA 2010/02 - 2011/01
Chair (Finance Theory Sessions), CEA 2009/03 - 2009/03
Discussant, CEA 2009/03 - 2010/03
Program Committee Member, Northern Finance Association 2008/03 - 2009/03
Program Committee Member, Eastern Finance Association 2008/03 - 2010/03
Program Committee Member, Midwest Finance Association (MFA) 2008/03 - 2008/03
Referee, European Journal of Finance 2007/03 - Present
Referee, Journal of Economics and Finance 2007/03 - Present
Referee, Real Estate Economics 2007/03 - Present
Reviewer, Futures Market 2007/03 - Present
Program Committee Member, Financial Management Association Annual Meeting, USA 2007/03 - Present
Chair (Finance Division), ASAC 2007/03 - 2007/03
Reviewer (Finance Division), ASAC 2006/03 - 2007/03
Book Reviewer, Corporate Finance 2005/03 - 2005/03
Reviewer (Cases), ASAC 2004/03 - 2006/03