Professor

Ashrafee Hossain

Areas of Expertise

Finance

Personal Profile

Dr. Ashrafee “Ash” Hossain is a professor of finance at the Faculty of Business Administration at Memorial University. He started at Memorial in 2013 as a tenure-track assistant professor. He was promoted to associate professor with tenure in 2019 and to full professor in 2023. He has been serving as the area group coordinator for finance since April 2026.

Dr. Hossain’s research interests include environmental, social and governance (ESG) related topics. Some examples include climate change, carbon emission, political corruption, corporate social responsibility (CSR), business ethics, corporate sexual orientation equality, social norms, social capital, board diversity, chief executive officer (CEO) power, executive compensation and board independence.

Dr. Hossain has published 76 peer-reviewed journal articles in 34 different outlets (as of Aug. 27, 2026). Some notables include Journal of Corporate Finance, Journal of Banking & Finance, Journal of Economic Behavior & Organization, Financial Management, Journal of Business Ethics, The Financial Review, Journal of Financial Research and British Journal of Management.

Dr. Hossain strongly believes that academicians should not only disseminate their research through peer-reviewed outlets but also through regular print and/or online media. He published two articles at The Conversation (a platform where academics publish practitioner views of their research) in 2022, one on LGBTQ+ rights and the other on climate change. Dr. Hossain’s article on LGBTQ+ rights, “CEOs are hindering LGBTQ+ equality in the workplace,” proved immensely popular and it was reprinted by more than 50 outlets including the Financial Post, The National Post and Vancouver Sun.

Some of Dr. Hossain’s other accomplishments include serving as guest editor of Managerial Finance and as an ad hoc reviewer for more than 30 journals. Dr. Hossain has continuously served in various capacities for the largest finance conference, namely, Financial Management Association (FMA) Annual Meetings, since 2012. He has served - in numerous occasions - as a grant adjudicator for the Social Sciences and Humanities Research Council of Canada (SSHRC) – for both the Insight Grant (IG) and the Insight Development Grant (IDG) competitions.

Dr. Hossain strongly believes in HQP training and regularly supervises master’s and doctoral theses and serves in examinations and defence committees on universities across Canada as well as globally. Interested students are always welcome to contact him.

Dr. Hossain is a member of the CFA Institute and the only full-time tenured/tenure-track member of the faculty to hold the CFA Charter. He has been dedicated to teaching his students about ethics in work place, ethical investment, and ethics in their dealings with others, and he has mentored students pursuing CFA Level I exams since 2013.

Visit my Google Scholar page here.

Honours/Awards/Accreditations

• 2003: Graduated summa cum laude, Virginia Tech
• 2003: Outstanding Undergraduate Student distinction, Beta Gamma Sigma Honor Society
• 2005: Outstanding MBA student, Virginia Tech
• 2007: National Bank Fellowship, Concordia University
• 2013: Joe Kelly Graduate Award for Outstanding Thesis, Concordia University
• 2017: Patten Family Teaching Fellowship, Memorial University
• 2017: Chartered Financial Analyst (CFA) charter, CFA Institute
• 2018: Guest editor-in-chief, special issue of Managerial Finance
• 2020: Dean’s Research Award 2019, Memorial University
• 2020: Paper selected as lead article for the fall issue of Journal of Financial Research (ABDC “A” ranked outlet)
• 2020: Secured funding from Social Sciences and Humanities Research Council (SSHRC) of Canada
• 2021: Co-authored paper titled Post-crisis M&As and the Impact of Financial Constraints, which won the Outstanding Article of the Year Award at Journal of Financial Research (an ABDC "A" ranked outlet).
• 2023: Co-authored paper titled Long-term Institutional Investors and Climate Change News Beta, which was a semi-finalist at the Financial Management Association (FMA) 2023 International Annual Meeting, Chicago, U.S.
• 2023: Nominated for President’s Award for Outstanding Research, Memorial University
• 2024: Nominated for President’s Award for Outstanding Research, Memorial University
• 2024: Dean’s Research Award 2023, Memorial University
• 2024: Patten Family Teaching Fellowship, Memorial University
• 2024: FBA Advisory Board Research Impact Award 2023, Memorial University
• 2025: Secured funding from Social Sciences and Humanities Research Council (SSHRC) of Canada
• 2026: Patten Family Teaching Fellowship, Memorial University

Research Highlights

1. Attig, N., El Ghoul, S., Hossain, A.T. (2026). Stakeholder-centric corporate misconduct and financing policies: A precautionary tale. Journal of Banking & Finance (182). (ABDC A*) (ABS 3).
   
   
2. Hossain, A.T., Masum, A., Saadi, S. (2026). Rewarding Ethical Leadership: Corporate LGBTQ+ Friendliness and CEO Compensation. Journal of Business Ethics. (formerly Financial Times Listed FT-50) (ABDC A) (ABS 3).
   
   
3. Hossain, A.T., Masum, A., & Benkraiem, R. (2024). Long-term Institutional Investors and Climate Change News Beta. Journal of Corporate Finance (89, 102693). (ABDC A*) (ABS 4)·       
   An earlier version of this paper has been selected as a Semi-Finalist in Financial Management Association (FMA) Annual Meetings, Chicago, USA, 2023.
   
   
4. Hossain, A.T., Masum, A., Saadi, S. & Benkraiem, R. (2023). Generalist CEO and Carbon Emissions. Journal of Economic Behavior and Organization (213, 68-86). (ABDC A*) (ABS 3).
   
   
5. Hossain, A.T., Saadi, S. & Amin, A. (2023). Does CEO Risk-aversion Affect Carbon Emission? Journal of Business Ethics (182(4) 1171-1198). (formerly Financial Times Listed FT-50) (ABDC A) (ABS 3).
   
   
6. Hossain, A.T., Masum, A., Saadi, S. & Benkraiem, R. (2023). Firm-level Climate Change Risk and CEO Equity Incentives. British Journal of Management (34(3) 1387-1419). (ABDC A*) (ABS 4).
   
   
7. Hossain, A.T., Rjiba, H. & Zhang, D. (2023). Ex-ante Litigation Risk and Firm-level Climate Change Exposure. Journal of Economic Behavior and Organization (214, 731-746). (ABDC A*) (ABS 3).
   
   
8. Hossain, A.T., Hossain, T. & Kryzanowski, L. (2021) Political Corruption and Corporate Payout. Journal of Banking & Finance (123). (ABDC A*) (ABS 3).