Sasan Saiy

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

Location: HH 290C

Sasan Saiy

Email: ssaiy@uwaterloo.ca

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

Sasan is an Associate Professor in the School of Accounting and Finance at the University of Waterloo. His research focuses on corporate governance, financial distress and insolvency, the use of both accounting and non-accounting information in various contexts—such as valuation and debt contracting—and ESG and sustainability reporting. He is the Co-Director of the recently established Bachelor of Sustainability and Financial Management (BSFM) program at the University of Waterloo. Prior to his academic career, Sasan held various engineering positions within several North American corporations.

Selected publications

Selected working papers

  • “Do Government Procurement Contracts Mitigate Managerial Extraction of Private Benefits from Outside Shareholders?”, with Muhammad Azim, Ole-Kristian Hope, and Giulia Sargiacomo.
  • “Human Capital Investment and Distressed Firms”, with Junhao Liu, Dushyantkumar Vyas, and Mingyue Zhang
  • "The Impact of Operational Control Quality on Operational Efficiency and Cost of Capital: Evidence from U.S. Bank Holding Companies", sole-authored.
  • "Relation Between Management Forecast Credibility and Investors’ Delayed Response to the Management Forecast News at the Earnings Announcement Date”, with Min Jeong (Minna) Hong.

Funding

  • Social Sciences and Humanities Research Council of Canada (SSHRC) Insight Development Grant, "Sustainability Disclosure and Net Zero Targets: Investigating the Readiness of Canadian Firms and Implications for Financial Stability?", with Amr ElAlfy, 2024-2026, $66,337
  • Social Sciences and Humanities Research Council of Canada (SSHRC) Partnership Engage Grant, "The Sustainable Aeronautics and the Readiness for New International Sustainability Standards Board (ISSB) Mandates: Assessing the Impact of Net Zero Targets and Sustainability Reporting on Financial Performance?", with Amr ElAlfy, 2024-2026, $25,000
  • Smart Prosperity Institute Research Funding, “The Path to a Low-carbon Economy: A Detailed Study of Canada in a Global Context”, with Amr ElAlfy, $22,610
  • The Canadian Academic Accounting Association (CAAA) Research Grant, ” Industry peer information and the equity valuation accuracy of firms emerging from chapter 11”, with Bingxu Fang and Dushyantkumar Vyas, 2019, $6,000.
  • University of Waterloo, School of Accounting and Finance Small Research Grant, “Human Capital Investment and Distressed Firms”, with Junhao Liu, Dushyantkumar Vyas, and Mingyue Zhang, 2023, $7,500
  • University of Waterloo, School of Accounting and Finance Small Research Grant, “Do Government Procurement Contracts Mitigate Managerial Extraction of Private Benefits from Outside Shareholders?”, with Muhammad Azim, Ole-Kristian Hope, and Giulia Sargiacomo, 2023-2024, $15,000

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

Links
Contact information: Sasan Saiy