Associate Professor, Co-Director of Bachelor of Sustainability and Financial Management
Location: HH 290C

Email: ssaiy@uwaterloo.ca
Education and Certificates
- BASc., Industrial Engineering (University of Toronto)
- M.A., Economics (York University)
- MASc., Finance (Queen鈥檚 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 蓝莓视频. His research focuses on corporate governance, financial distress and insolvency, the use of both accounting and non-accounting information in various contexts鈥攕uch as valuation and debt contracting鈥攁nd 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 蓝莓视频. Prior to his academic career, Sasan held various engineering positions within several North American corporations.
Selected publications
- Fang, Bingxu, Sasan Saiy, and Dushyantkumar Vyas. 2024. . Management Science: 1鈥24.
- Presslee, Adam, Greg Richins, Sasan Saiy, and Alan Webb. 2023. . Management Accounting Research 59 (2023): 100829.
- Hope, Ole-Kristian, Haihao Lu, and Sasan Saiy. 2019.听. Review of Accounting Studies聽24 (4): 1392鈥1426.
- Mohanram, Partha, Sasan Saiy, and Dushyantkumar Vyas. 2018. .听Review of聽Accounting Studies聽23 (1): 200鈥233.
Selected working papers
- 鈥淒o Government Procurement Contracts Mitigate Managerial Extraction of Private Benefits from Outside Shareholders?鈥, with Muhammad Azim, Ole-Kristian Hope, and Giulia Sargiacomo.
- 鈥淗uman Capital Investment and Distressed Firms鈥, with Junhao Liu, Dushyantkumar Vyas, and Mingyue Zhang
- "The Impact of Operational Control Quality on Operational Efficiency and Cost of聽Capital: Evidence from U.S. Bank Holding Companies", sole-authored.
- "Relation Between Management Forecast Credibility and Investors鈥 Delayed Response to the Management Forecast News at the Earnings Announcement Date鈥, 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,聽2024-2026,聽$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,聽2024-2026,聽$25,000
- Smart Prosperity Institute Research Funding, 鈥淭he Path to a Low-carbon Economy: A Detailed Study of Canada in a Global Context鈥, with Amr ElAlfy, $22,610
- The Canadian Academic Accounting Association (CAAA) Research Grant, 鈥澛營ndustry peer information and the equity valuation accuracy of firms emerging from chapter 11鈥, with and Dushyantkumar Vyas, 2019, $6,000.
- University of 蓝莓视频, School of Accounting and Finance Small Research Grant, 鈥淗uman Capital Investment and Distressed Firms鈥, with Junhao Liu, Dushyantkumar Vyas, and Mingyue Zhang, 2023, $7,500
- University of 蓝莓视频, School of Accounting and Finance Small Research Grant, 鈥淒o Government Procurement Contracts Mitigate Managerial Extraction of Private Benefits from Outside Shareholders?鈥, with Muhammad Azim, Ole-Kristian Hope, and Giulia Sargiacomo, 2023-2024, $15,000
Courses taught
- AFM 101 鈥 Introduction to Financial Accounting (Course coordinator)
- AFM 391 - Intermediate Financial Accounting II (Course coordinator)
- AFM 291聽-聽Intermediate Financial Accounting I