Haim Kassa Gebeyehu

Assistant Professor



Academic Background

  • Ph.D., Finance, University of Cincinnati
  • M.S., Mathematics, University of Utah
  • B.A., Mathematics, Kentucky State University

Academic & Professional Experience

  • Assistant Professor, Department of Finance, Miami University (2013-present)
  • Visiting Academic Scholar, U.S. Securities and Exchange Commission           08/2017-08/2018
  • Instructor, Savannah State University, 2006 - 2008

Recent Publications

  • Chichernea, D. C., Kassa, H., & Slezak, S. L. (2018). Lottery preferences and the idiosyncratic volatility puzzle. European Financial Management, Forthcoming.
  • Goldie, B. A., Henry, T. R., & Kassa, H. (2018). Does MAX matter for mutual funds?. European Financial Management, Forthcoming
  • Dickinson, V., Kassa, H., & Schaberl, P. D. (2018). What information matters to investors at different stages of a firm's life cycle?. Advances in accounting42, 22-33.
  • Chichernea, D. C., Ferguson, M. F., & Kassa, H. (2015). Idiosyncratic risk, investor base, and returns. Financial Management44(2), 267-293.
  • Casey R., Kassa, H., and Schaberl, P. (2015). Publicly traded firms: Accounting metrics’ relationship with price. The Value Examiner, May/June.
  • Guo, H., Kassa, H., & Ferguson, M. F. (2014). On the relation between EGARCH idiosyncratic volatility and expected stock returns. Journal of Financial and Quantitative Analysis49(1), 271-296.

Honors & Awards

  • Outstanding Doctoral Student Research Award, University of Cincinnati
  • Best Paper in Investments Award, American Association of Individual Investors
  • Semifinalist for Best Paper in Investments Award, Financial Management Association

Areas of Expertise

  • Asset Pricing
  • Financial Econometrics
  • Incentive Contract Theory


Dr. Kassa joined the Farmer School of Business at Miami University in 2013 after completing his Ph.D. in Finance at the University of Cincinnati. He also holds M.S. and B.A. degrees in Mathematics. Dr. Kassa's research interest is in the area of investments. He does empirical work on valuation and how to best maximize investment return and minimize risk. He designs and tests various trading strategies using historical firm level data from the stock, bond, and option markets. He has published his findings in internationally well-regarded journals including the Journal of Financial and Quantitative Analysis and the Financial Management. He also teaches the undergraduate and graduate level Investment courses, and supervises Master's thesis students.

Dr. Kassa was a visiting academic scholar at the SEC under the Intergovernmental Personnel Act for the 2017/2018 academic year where he helped draft various SEC rules governing the asset management industry.


  • FALL 2019
  • FIN 403 A TR 2:50PM-4:10PM, FSB 1013
  • FIN 403 B TR 4:25PM-5:45PM, FSB 1013
Haim Kassa Gebeyehu

Contact Information

Office Hours

  • WR 10:45-12:00
  • And by appointment


* Accessible version of PDF available upon request.