Area of Expertise
- Derivative Securities
- Employee Stock Options
- Executive Compensation
- Financial Engineering
- Fixed Income
My primary research interest is in the area of option pricing, volatility estimation, capital market efficiency, and executive compensation. In particular, I am interested in developing numerical methods for the valuation of complex derivative securities, estimating and forecasting volatility for the valuation of traded and non-traded options, empirically testing capital market efficiency, examining the incentive effects of equity based managerial compensation, and investigating the effectiveness of corporate board of directors in monitoring managerial decisions and its impact on firm performance.
2009-2010, 2006-2007, 2000-2001, and 1999-2000 Merit Award for excellence in teaching, research and service, Schulich School of Business, York University.
2005-2007, and 1999-2000 Schulich Research Fellowship Award
2003 Barclays Global Investors Research Award for paper Incentive Fees, Valuation and Performance of Labor Sponsored Investment Funds, with Scott Andersen.
2001 Conference Best Paper Award at the 2001 annual meeting of the Northern Finance Association, Halifax, NS, for paper entitled “Optimal Contract, Incentive Effects and the Valuation of Executive Stock Options.”
Courses TaughtFINE3810, FINE4800, FINE5200, FINE6200, FINE6800, MFIN5400, FNEN6850, FINE7300
Project Title Role Award Amount Year Awarded Granting Agency Project TitleStock-based compensation and corporate risk management RolePrincipal Investigator Award Amount$94,927.00 Year Awarded2016-2022 Granting AgencySocial Sciences and Humanities Research Council Project TitleIroning Out the Wrinkles in Executive Compensation: Linking Incentive Pay to Average Stock Prices RolePrincipal Investigator Award Amount$63,509.00 Year Awarded2011-2014 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project TitleCorporate Governance, Managerial Equity Incentives, and Firm Productivity RolePrincipal Investigator Award Amount$62,000.00 Year Awarded2007-2010 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project TitleExecutive stock options, hidden action and moral hazard: theory and evidence RolePrincipal Investigator Award Amount$97,823.00 Year Awarded2002-2005 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant