Campus Directory: Ebenezer Asem

University of Lethbridge

Ebenezer Asem
Dhillon School of Business - Finance
Office: M4135
Phone: (403) 382-7142


Ph.D. (Economics and Finance)


Effects of trading hours on market variables, Modeling of fat-tailed distributions, Accuracy of the value-at-risk of financial assets, Demand and stock returns, Dividend policy, Price momentum

Research Areas

Momentum profits, Behavioral finance, Rational asset pricing, Market conditions, Signaling theory, Excess cash theory

Selected Publications

Asem, E., Chung, J., and Tian, G., 2016 "Liquidity, Investor Sentiment and Price Discount of SEOs in Australia" International Journal of Managerial Finance 12 (1), 25-51.

Asem, E., and S. Alam, 2015, "Market Movements and the Excess Cash Theory" The Quarterly Review of Economics and Finance 55, 140 - 149.

Asem, E., and S. Alam, 2014, "Cash Hoards and Market Movements" Journal of Financial Research, Vol. 37 (1), 119-137.

Asem, E. and G. Tian, 2010 "Market Dynamics and Price Momentum," Journal of Financial Quantitative Analysis 45, 1549 - 1562.

Asem, E., 2009, "Dividends and Price Momentum," Journal of Banking and Finance 33, 486-494.

Asem, E., 2007, "Concentrated Opening Volume: Market Closure or Strategic Trading," Journal of Financial Research 15(2), 321 - 334.

Current Research and Creative Activity

TitleLocationGrant InformationPrincipal InvestigatorCo Researchers
Asymmetric Valuation of Dividend: Earnings signaling or Excess cash signaling University of Lethbridge Research Fund and Faculty of Management Seed Fund, $11,800, 2006-07.

Ebenezer Asem, University of Lethbridge Eldon Gardner, University of Lethbridge
Dividends and Price Momentum Ebenezer Asem, University of Lethbridge
Market Dynamics and Momentum Profits Ebenezer Asem, University of Lethbridge Gloria Tian, University of New South Wales
Pricing Illiquidity Shocks University of Lethbridge Research Fund, $4,000, 2005-06.

Ebenezer Asem, University of Lethbridge

Previous Research

TitleGrant AgencyCompletion Date
Microstructural Effects of Extending Trading Time 2006
Misspecified Likelihood Function and Value at Risk 2006

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