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. (2019). Lottery preferences and the idiosyncratic volatility puzzle. European Financial Management, 25(3), 655-683.
  • Goldie, B. A., Henry, T. R., & Kassa, H. (2019). Does MAX matter for mutual funds?. European Financial Management, 25(4), 777-806
  • 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 after completing his Ph.D. in Finance at the University of Cincinnati. His research interest is in the areas of investments and portfolio management. Specifically, he does empirical work on corporate valuation and how to best maximize investment return and minimize risk, primarily through factor investing. 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 Journal of Financial and Quantitative Analysis and Financial Management.

Dr. Kassa was a visiting academic scholar at the U.S. Securities and Exchange Commission (SEC) during the 2017/2018 academic year on a competitive government fellowship. During this period, he collaborated with Commission staff across multiple departments (securities lawyers, financial economists, accountants, and data scientists) and wrote several SEC rule proposals, adoptions, and amendments governing the asset management industry, particularly mutual funds and exchange traded funds (ETFs). He also served as a member of SEC's representative for the Committee on Emerging Risk at the International Organization of Securities Commissions (IOSCO), a consortium of financial market regulators with more than 115 jurisdictions.

Dr. Kassa teaches undergraduate and graduate level Investments and Portfolio Management courses, and supervise Master's thesis students. Prior to joining Miami University, he taught at University of Cincinnati, University of Utah, and Savannah State University.


  • SPRING 2020
  • FIN 403 A TR 2:50PM-4:10PM, FSB 2037
  • FIN 403 B TR 4:25PM-5:45PM, FSB 2037
Haim Kassa Gebeyehu

Contact Information

Office Hours

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


* Accessible version of PDF available upon request.