Jay Dahya

Assc Professor

Zicklin School of Business

Department: Bert Wasserman Dept Eco & Fin

Areas of expertise:

Email Address: jay.dahya@baruch.cuny.edu

> View CV

Education

Ph.D., Finance and Corporate Governance, Dundee University Scotland

M.A., Accounting and Finance, Dundee University Scotland

B.A., Accounting and Finance, Dundee University Scotland

SemesterCourse PrefixCourse NumberCourse Name
Spring 2024BUS4093HHonors Special Topics in Bus
Spring 2024DCT90311Dissertation Research - Final
Fall 2023DCT90301Dissertation Research - Propos
Fall 2023FIN4910Intenatl Fin Markets
Summer 2023DCT90220Position Paper Defense
Spring 2023FIN4910Intenatl Fin Markets
Spring 2023FIN4910Intenatl Fin Markets
Fall 2022DCT90202International Corporate Financ
Fall 2022FIN4910Intenatl Fin Markets
Fall 2022FIN4910Intenatl Fin Markets
Summer 2022DCT90120Position Paper Research
Spring 2022BUS4093HHonors Special Topics in Bus
Fall 2021FIN3610Corporate Finance
Fall 2021FIN3610Corporate Finance
Spring 2021FIN3610Corporate Finance
Fall 2020FIN3610Corporate Finance
Fall 2020FIN3610Corporate Finance
Spring 2020BUS4093HHonors Special Topics in Bus
Spring 2020DCT90202International Corporate Financ
Spring 2020DCT90311Dissertation Research - Final
Spring 2020DCT90312Dissertation Research - Final
Spring 2019FIN4930Mergers and Acquisitions
Spring 2019DBA90202Econometric Methods for Business Research I
Fall 2018FIN3610Corporate Finance
Fall 2018FIN3610Corporate Finance
Spring 2018FIN9895Special Topics in Corp Finance
Spring 2018BUS90000Dissertation Supervision
Spring 2018FIN77000Internat Fin Mrkts/Institutns
Spring 2018BUS4093HHonors Special Topics in Bus
Fall 2017BUS90000Dissertation Supervision
Fall 2017FIN3610Corporate Finance
Fall 2017FIN3610Corporate Finance
Spring 2017FIN9895Special Topics in Corp Finance
Spring 2017FIN4930Mergers and Acquisitions
Fall 2016FIN3610Corporate Finance
Fall 2016FIN3610Corporate Finance
Spring 2016BUS4093HHonors Special Topics in Bus
Spring 2016FIN9895Special Topics in Corp Finance
Fall 2015FIN3610Corporate Finance
Fall 2015FIN3610Corporate Finance
Spring 2015BUS90000Dissertation Supervision
Spring 2015BUS89500Independent Study
Spring 2015FIN4930Mergers and Acquisitions
Spring 2015FIN9758Mergers
Spring 2015FIN9895Special Topics in Corp Finance
Spring 2015FIN9759Mergers and Acquisitions
Fall 2014BUS90000Dissertation Supervision
Fall 2014BUS4093HHonors Special Topics in Bus
Fall 2014FIN9759Mergers and Acquisitions
Spring 2014BUS90000Dissertation Supervision
Spring 2014FIN3610Corporate Finance
Spring 2014FIN3610Corporate Finance
Fall 2013BUS90000Dissertation Supervision
Summer 2013FIN3610Corporate Finance
Summer 2013FIN3000Principles of Finance
Spring 2012FIN9792Advanced Corporate Finance
Fall 2011FIN3610Corporate Finance
Fall 2011FIN4930Mergers and Acquisitions
Fall 2011FIN9981Sel Topics Corp Fin
Fall 2011MBA9125Executive MBA Mod F
Spring 2011FIN3610Corporate Finance
Spring 2011FIN4930Mergers and Acquisitions
Fall 2010FIN4930Mergers and Acquisitions
Fall 2010FIN3610HHonors Corporate Finance
Fall 2010MBA9125Executive MBA Mod F
Spring 2010FIN9792Advanced Corporate Finance
Spring 2010FIN4930Mergers and Acquisitions
Fall 2009MBA9125Executive MBA Mod F
Fall 2008FIN3610Corporate Finance
Fall 2008MBA9125Executive MBA Mod F
Fall 2008FIN9981Sel Topics Corp Fin
Fall 2008FIN4930Mergers and Acquisitions
Spring 2008FIN4930Mergers and Acquisitions
Spring 2008FIN3610Corporate Finance
Fall 2007FIN4930Mergers and Acquisitions
Fall 2007FIN3610Corporate Finance
Spring 2007FIN6002Honors Courses in Finance
Spring 2007FIN9759Mergers and Acquisitions
Spring 2007FIN4930Mergers and Acquisitions
Fall 2006IDC6001Idc Honors Thesis I
Fall 2006FIN4930Mergers and Acquisitions
Fall 2006FIN9759Mergers and Acquisitions
Spring 2006FIN9759Mergers and Acquisitions
Spring 2006FIN4777Special Topics in Finance
Spring 2006FIN6001Honors Courses in Finance
Summer 2005FIN9759Mergers and Acquisitions
Fall 2004FIN9759Mergers and Acquisitions
Spring 2004FIN3610Corporate Finance
Spring 2004FIN3610Corporate Finance
Fall 2003FIN3610HHonors Corporate Finance
Fall 2003ECO1002Macro-Economics
Fall 2003FIN3610Corporate Finance
Spring 2003FIN3610Corporate Finance
Spring 2003FIN3610Corporate Finance
Fall 2002FIN9770Corporate Finance
Fall 2002FIN3610Corporate Finance

Journal Articles

Wu, B. (2024). Social Capital, Syndication, and Investment Performance: Evidence from PE Investing in LBOs. International Review of Financial Analysis,

(2023). Does board independence matter in companies with a controlling shareholder?. Journal of Applied Corporate Finance, 35. 72-82.

Dahya, J., & Garcia, L. G. (2023). Does the Demand Curve for Spanish Stocks Slope Downward?. Review of Financial Economics,

Golubov, A., & Travlos, N. (2019). Governance Mandates, Outside Directors and Acquirer Performance. Journal of Corporate Finance, 59. 218-238.

Bakarich, K. (2017). Should I Stay or Should I Go? IFRS Adoption and Deregistration. Contemporary Accounting Research,

Dahya, J. (2017). Founders and Corporate Value - Evidence from 22 Countries. Journal of International Business Studies, In Progress.

McConnell, J. (2017). Foreign Investors and Foreign Directors. In Progress.

Herron, R., & Izhakian, Y. (2017). Dividend Payout and Ambiguity.

Herron, R. (2017). Do Investors Follow Directors?. Journal of Corporate Finance,

Dahya, J. (2016). Foreign Directors and Corporate Performance. Journal of Corporate Finance, In Progress.

Dahya, J. (2015). FTSE 100 Index Reconstitution. Journal of Financial Intermediation,

(2009). One Man Two Hats - What's All the Commotion!. The Financial Review,

(2008). Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis. Journal of Financial Economics,

(2008). Post IPO Trading Volume, Return Volatility and Bid-Ask Spreads. International Journal of Banking, Accounting and Finance,

(2007). What are BLDRS?. Journal of Alternative Investments,

(2007). Board Composition, Corporate Performance and the Cadbury Committee Recommendation. Journal of Financial and Quantitative Analysis,

(2005). Outside Directors and Corporate Board Decisions. Journal of Corporate Finance,

(2004). A Grounded Theory Exposition of the Role of the Supervisory Board in China. British Journal of Management,

(2003). The Usefulness of the Supervisory Board Report in China. Corporate Governance: An International Review,

(2002). Executive Succession and the Performance of Public Organizations. Public Administration,

(2002). "The Supervisory Board in Chinese Listed Companies: Problems, Causes, Consequences and Remedies". Asia Pacific Business Review, 9(2). 118-137.

(2002). The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover. Journal of Finance,

(2002). Does the One Man Show Pay? Theory and Evidence on the Dual CEO Revisited. European Financial Management,

(2002). The Supervisory Board in Chinese Listed Companies: Problems, Causes, Consequences and Remedies. Asia Pacific Business Review,

(2000). Changes in Corporate Management: Do they have an Impact on Share Prices and Earnings. Managerial Finance,

(1998). Ownership Structure, Managerial Turnover and Takeovers: Further Evidence on the Market for Corporate Control in the U.K. Multinational Finance Journal,

(1998). Ownership Structure, Firm Performance and Top Executive Turnover: An Analysis of UK Firms. Journal of Business Finance and Accounting,

(1996). The Case for Separating the Roles of Chairman and CEO: An Analysis of Stock Market and Accounting Data. Corporate Governance: An International Review,

(1995). An Empirical Investigation of the UK Stock Market Reaction to Announcement of a Change in Top Management. Accounting Forum,

Book Chapters

Dahya, J., McConnell, J., & Travlos, N. G. (2007). The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover. In Ang, J., Sudarsanam, S., & Ruud , A. I. (Eds.), Journal of Finance.

Dahya, J., McConnell, J., & Travlos, N. G. (2006). The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover. In Keasey, K., Thompson, S., & Wright, M. (Eds.), Journal of Finance.

Dahya, J., McConnell, J., & Travlos, N. G. (2006). The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover. In Denis, D., & McConnell, J. (Eds.), Journal of Finance and Governance: An International Perspective.

Dahya, J., McConnell, J., & Nickolaos, T. (2002). "The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover". In Keasey, K., Thompson, S., & Wright, M. (Eds.), (pp. 461-483). Journal of Finance & Corporate Governance in the New Global Economy.

Media Contributions

Newsday, Newsweek, Wall Street Journal, Financial Times, China Daily.

(2007). 'Barclays vs ABN Amro', BBC Television.

(2006). 'Euro Buyouts', BBC Radio 4.

(2006). 'LSE Suitors', BBC Radio 4.

(2005). 'LiveDoor/Nippon Broadcasting Takeover Battle', NHK Japan Broadcasting Corporation.

(2005). 'LiveDoor/Nippon Broadcasting Takeover Battle', NHK Japan Broadcasting Corporation.

(2005). 'LiveDoor/Nippon Broadcasting Takeover Battle', NHK Japan Broadcasting Corporation.

(2005). 'Business Lunch', BBC Television.

(2004). 'Failings in Corporate Governnance', Reuters Television.

(2003). 'Failings in Corporate Governance', Reuters Television.

Presentations

Dahya, J., Herron, R., & Izhakian, Y. (2017, December 31). Dividend Payout Policy and Ambiguity. Financial Engineering and Banking Society. Glasgow

Dahya, J., Herron, R., & Izhakian, Y. (2017, December 31). Dividend Payout Policy and Ambiguity. FMA Annual Meeting. Boston

Dahya, J., & Bakarich, K. (2017, December 31). Should I Stay or Should I Go? IFRS Adoption and Deregistration. FMA Annual Meeting. Boston

Dahya, J., Herron, R., & Izhakian, Y. (2017, December 31). Dividend Payout Policy and Ambiguity. Econometric Society. Lisbon: Europe.

Dahya, J., Herron, R., & Izhakian, Y. (2017, December 31). Dividend Payout Policy and Ambiguity. FMA Europe. Lisbon

Dahya, J. (2016, December 31). Do Investors Follow Directors?. FMA Annual Meeting. Las Vegas

Dahya, J. (2016, December 31). Do Investors Follow Directors?. FMA Europe. Helsinki

Dahya, J. (2016, December 31). Do Investors Follow Directors?. MFA.

Dahya, J. (2015, December 31). Should I Stay or Should I Go? IFRS Adoption and Deregistration. : Glasgow University.

Dahya, J. (2015, December 31). Governance Mandates, Outside Directors and Corporate Performance. IFABS (Oxford University). Said Business School, Oxford University

Dahya, J. (2015, December 31). FTSE 100 Index Reconstitution. : London School of Economics.

Dahya, J. (2015, December 31). Should I Stay or Should I Go? IFRS Adoption and Deregistration. : Cardiff University.

Dahya, J. (2014, December 31). IBEX 35: Inclusiones and Exclusiones. IFABS (NOVA). Lisbon

Dahya, J., & Garcia, L. G. (2012, December 31). IBEX 35: Inclusiones and Exclusiones. Fordham University. New York

Dahya, J., & Garcia, L. G. (2012, December 31). IBEX 35: Inclusiones and Exclusiones. University of Connecticut. Storrs

Dahya, J., & Garcia, L. G. (2011, December 31). IBEX 35: Index Reconstitution. Bath University. Bath

Dahya, J., & Garcia, L. G. (2011, December 31). IBEX 35: Index Reconstitution. Cambridge University. Cambridge

Dahya, J., & Garcia, L. G. (2010, December 31). IBEX 35: Inclusiones and Exclusiones. Concordia University. Montreal

Dahya, J., & Garcia, L. G. (2010, December 31). IBEX 35: Index Reconstitution. Porto University. Portugal

Dahya, J., & Garcia, L. G. (2010, December 31). IBEX 35: Index Reconstitution. LSE. London

Dahya, J., & Garcia, L. G. (2010, December 31). IBEX 35: Index Reconstitution. EFMA Europe. Milan

Dahya, J. (2007, December 31). 'Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis'. : Lisboa University.

Dahya, J. (2007, December 31). 'Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis'. : University of Porto.

Dahya, J. (2007, December 31). 'Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis'. : World Bank.

Dahya, J. (2006, December 31). Presentation on U.K. Corporate Governance. New York: NYSE.

Dahya, J. (2006, December 31). 'Dominant Shareholders, Corporate Boards, and Corporate Value: A Cross-Country Analysis. Keystone: Western Finance Association.

Dahya, J. (2006, December 31). 'Dominant Shareholders, Corporate Boards, and Corporate Value: A Cross-Country Analysis. Stockholm: European Financial Management.

Dahya, J. (2006, December 31). 'Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis'. : Ohio State University.

Dahya, J. (2006, December 31). Presnetation on Mergers and Acquisitions to members of the China Construction Bank. New York

Dahya, J. (2005, January 31). 'My Hero Danny De Vito'. Baruch College: Executive MBA.

Dahya, J. (2005, December 31). 'S&P 500 and FTSE 100 Index Changes'. Baruch College: Lunch and Learn.

Dahya, J. (2005, December 31). 'Board Composition and Ownership Structure: A Natural Experiment'. : Queen's University in Belfast.

Dahya, J. (2004, December 31). Presentation on U.K. Corporate Governance to HRH Select Committee on Corporate Governance. London

Dahya, J. (2004, December 31). Presentation on International Corporate Governance to members from the Stock Exchange Board of India. New York

Dahya, J. (2004, December 31). 'Board Composition Corporate Performance and the Cadbury Committee Recommendation'. Outside Directors and Corporate Board Decisions. : Oxford University.

Dahya, J. (2004, November 30). 'My Hero Danny De Vito'. Baruch College: Finance Club.

Dahya, J. (2003, December 31). 'The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover'. Board Composition, Corporate Performance and the Cadbury Committee Recommendation. : Purdue University.

Dahya, J. (2003, December 31). 'The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover'. New Orleans: American Finance Association.

Dahya, J. (2003, December 31). 'Outside Directors and Corporate Board Decisions'. : Cranfield University.

Dahya, J. (2003, December 31). 'Outside Directors and Corporate Board Decisions'. : Cambridge University.

Dahya, J. (2003, December 31). 'Board Composition Corporate Performance and the Cadbury Committee Recommendation'. Helsinki: European Financial Management.

Dahya, J. (2003, December 31). 'Board Composition Corporate Performance and the Cadbury Committee Recommendation'. : University of Rotterdam.

Dahya, J. (2003, December 31). 'Board Composition Corporate Performance and the Cadbury Committee Recommendation'. Outside Directors and Corporate Board Decisions. : Oxford University.

Dahya, J. (2003, December 31). Presentation on U.K. Corporate Governance to HRH Select Committee on Corporate Governance. London

Dahya, J. (2002, December 31). 'Board Composition Corporate Performance and the Cadbury Committee Recommendation'. : University of Toronto.

Dahya, J. (2002, December 31). 'Board Composition, Corporate Performance and the Cadbury Committee Recommendation'. : Baruch College.

Dahya, J. (2002, December 31). 'The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover'. : University of Oklahoma.

Dahya, J. (2002, December 31). 'The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover'. : University of Iowa.

Dahya, J. (2002, December 31). 'The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover'. : City University of Hong Kong.

Dahya, J. (2002, December 31). 'The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover'. Board Composition, Corporate Performance and the Cadbury Committee Recommendation. : Purdue University.

Dahya, J. (2002, December 31). Presentation on Corporate Governance Guidelines and Corporate Performance. Brussels: European Union Commission on Monopolies and Mergers.

Dahya, J. (2002, December 31). Presentation on Insider Trading to members of the Shenzen Stock Exchange. Shenzen China

Dahya, J. (2001, December 31). 'Outside Directors and Corporate Board Decisions: A Natural Experiment'. Orlando: Financial Management Association.

Dahya, J. (2000, December 31). 'The Cadbury Committee Recommendations and CEO Turnover'. Athens: European Financial Management.

Dahya, J. (2000, December 31). 'The Cadbury Committee Recommendations, Corporate Performance and Top Management Turnover'. Chicago: Financial Management Association.

Dahya, J. (1999, December 31). 'Does the One Man Show Pay?'. Milan: European Financial Management.

Dahya, J. (1998, December 31). 'Ownership Structure, Firm Performance, and Top Executive Change'. Amsterdam: European Financial Management.

Research Currently in Progess

Dahya, J., Orlin, , & John, (n.d.). An Empirical Analysis on Shareholder Sponsored Proposals. In Progress.

Dahya, J., & Kim, G.(n.d.). Culture and Loans. In Progress.

Dahya, J., Orlin, , & John, (n.d.). Determinants of Board Composition: Evidence from 22 Countries. In Progress.

Ahmed, W.(n.d.). Tariffs and Takeovers. In Progress.

Dahya, J.(n.d.). Brexit - The Biggest Loser!.

TitleFunding Agency SponsorStart DateEnd DateAwarded DateTotal FundingStatus
IFRS Adoption and Deregistration - A Global ExaminationPSC-CUNY 4907/01/201806/30/202004/15/20186000Completed
Investors from Harvard and their Impact on LBO Syndication and PerformancePSC-CUNY 4807/01/201706/30/201804/14/20173500Completed
Demand Curves and Automatic Index Reconstitution: IBEX 35 IndexPSC-CUNY 4607/01/201506/30/201604/17/20153500Completed
Board structure and acquirer returnsPSC-CUNY 4307/01/201206/30/201304/17/20123488.56Completed
Playing Footsy with the FTSE 10007/01/200906/30/20103200Completed
Honor / AwardOrganization SponsorDate ReceivedDescription
Beta Gamma Sigma Teaching Excellence Award 2022Baruch College2022-05-20
Commitment to Teaching Excellence 2020Columbia Business School2020-05-08
Commitment to Teaching Excellence 2018Columbia Business School2019-05-10
Teaching AwardSCE, Columbia University2011
Best Elective Course TeacherMagellan EMBA, UPBS2010
Faculty Scholarship and Creative AchievementBaruch College2009
Faculty Scholarship and Creative AchievementBaruch College2008
Beta Gamma Sigma Teaching Excellence Award2006
Faculty Scholarship and Creative AchievementBaruch College2006
Presidents Teaching Award, FinalistBaruch College2005
Junior Faculty Research FellowshipEugene M Lang2004
Faculty Scholarship and Creative AchievementBaruch College2004
Faculty Scholarship and Creative AchievementBaruch College2003

College

Committee NamePosition RoleStart DateEnd Date
Representative to Weissmann School of ArtsPresent
School of Professional Studies: Local Authority Boards Training ProgramPresent
Faculty and Staff Disciplinary CommitteeCommittee ChairPresent
CP&BCommittee MemberPresent
PhD ProgramDeputy Executive OfficerPresent
Committee on Undergraduate HonorsPresent
Undergraduate Academic AdvisorPresent
Department Executive CommitteeCommittee MemberPresent
Department P&BCommittee Member12/31/2019
College P&BCommittee Member12/31/2017
Undergraduate Honors Committee12/31/2010
Recruitment CommitteeCommittee Member12/31/2009
Library Committee12/31/2008
Recruitment CommitteeCommittee Member12/31/2007
College for a Day12/31/2007
Center for Corporate IntegrityOxford Debate on the Value of Executive Stock Options5/31/2007
Recruitment CommitteeCommittee Member12/31/2006
Undergraduate Finance Curriculum Committee12/31/2006
Center for Corporate IntegritySeminar on Corporate Governance2/28/2006
Recruitment CommitteeCommittee Member12/31/2004
MBA Finance Curriculum Committee12/31/2004

University

Committee NamePosition RoleStart DateEnd Date
CUNY Pathways - Business1/1/2011Present
FSDC CUNY Graduate CenterCommittee Member9/29/2023Present
Doctoral FacultyMember1/1/2004Present

Public

OrganizationPosition RoleOrganization StateOrganization CountryStart DateEnd DateAudience
China DailyCommentatorPresent
Financial ManagementAd-hoc Reviewer1/1/2002Present
Corporate Governance - An International ReviewAd-hoc Reviewer1/1/2002Present
British Accounting ReviewAd-hoc Reviewer1/1/2002Present
Accounting and Business ResearchAd-hoc Reviewer1/1/2002Present
Financial TimesCommentatorPresent
NewsweekCommentatorPresent
NewsdayCommentatorPresent
European Financial ManagementAd-hoc Reviewer1/1/2002Present
European Journal of FinanceAd-hoc Reviewer1/1/2002Present
Wall Street JournalCommentatorPresent
Financial ReviewAd-hoc Reviewer1/1/2002Present
Journal of Banking and FinanceAd-hoc Reviewer1/1/2002Present
Journal of Business Finance and AccountingAd-hoc Reviewer1/1/2002Present
Journal of BusinessAd-hoc Reviewer1/1/2002Present
Journal of Corporate FinanceAd-hoc Reviewer1/1/2002Present
Journal of FinanceAd-hoc Reviewer1/1/2002Present
Journal of Financial and Quantitative AnalysisAd-hoc Reviewer1/1/2002Present
Journal of International Business StudiesAd-hoc Reviewer1/1/2002Present
Journal of Management StudiesAd-hoc Reviewer1/1/2002Present
'Barclays vs ABN Amro', BBC TelevisionMedia3/31/2007
EU Monopolies and Mergers CommissionAd-hoc Advisor12/31/2006
'Euro Buyouts', BBC Radio 4Media8/31/2006
'LSE Suitors', BBC Radio 4Media6/30/2006
'LiveDoor/Nippon Broadcasting Takeover Battle', NHK Japan Broadcasting CorporationMedia12/31/2005
HRH Government House of Lords Select Committee on Corporate GovernanceAd-hoc Advisor12/31/2005
'Business Lunch', BBC TelevisionMedia9/30/2005
EU Monopolies and Mergers CommissionAd-hoc Advisor12/31/2004
'Failings in Corporate Governance', Reuters TelevisionMedia3/31/2004
EU Monopolies and Mergers CommissionAd-hoc Advisor12/31/2003
HRH Government House of Lords Select Committee on Corporate GovernanceAd-hoc Advisor12/31/2003
'Failings in Corporate Governance', Reuters TelevisionMedia9/30/2003
'A Panel of Top Experts Discussing How We Get to Fair Markets', Corporate Governance & Cleaning Up Corporate Abuses, Columbia Business School; Alumni Club/NY and Fuqua Alumni Club (Other Panelists: Jim Cochrane, SVP, New York Stock Exchange; and Steve Wallenstein, Executive Director, Duke Global Capital Markets)Panel Member12/5/2002