Sasan Saiy

Associate Professor, Co-Director of Bachelor of Sustainability and Financial Management

Location: HH 290C

Sasan Saiy


Education and Certificates

  • BASc., Industrial Engineering (University of Toronto)
  • M.A., Economics (York University)
  • MASc., Finance (Queen’s University)
  • Ph.D., Financial Accounting (University of Toronto)
  • Competent Boards Sustainability and ESG Certificate
  • Fundamentals of Sustainability Accounting (FSA) Credential
  • Global Reporting Initiative (GRI) Training Course on Sustainability Reporting

Brief Biography

Research interest

  • Corporate governance and executive compensation
  • The use of accounting and non-accounting information by capital market participants in various settings, such as valuation and debt contracting
  • ESG and sustainability reporting
  • Performance and productivity measurement

Selected publications

Selected working papers

  • "The Impact of Operational Control Quality on Operational Efficiency and Cost of Capital: Evidence from U.S. Bank Holding Companies", sole-authored. (First round R&R at Journal of Accounting and Public Policy).
  • “Do Government Procurement Contracts Mitigate Managerial Extraction of Private Benefits from Outside Shareholders?”, with Muhammad Azim and Ole-Kristian Hope.
  • "Relation Between Management Forecast Credibility and Investors’ Delayed Response to the Management Forecast News at the Earnings Announcement Date”, with Min Jeong (Minna) Hong.

Courses taught

  • AFM 101 – Introduction to Financial Accounting (Course coordinator)
  • AFM 391 - Intermediate Financial Accounting II (Course coordinator)
  • AFM 291 - Intermediate Financial Accounting I

Media and other citations