Dr. Asrat Tessema is a Professor of Finance at Eastern Michigan University. Professor Tessema served as a department head of Finance from 1989 to 1992 and as head of the department of Finance and Computer Information Systems from 1992 to 1996. In 1993 he participated in the Harvard's Management Development Program for senior university administrators and was a Fulbright Scholar at Addis Ababa University's Faculty of Business and Economics during the 1997/1998 academic year. In April of 2000 Professor Tessema won a distinguished alumni award from Minnesota State University. Professor Tessema's main areas of teaching and research interests are corporate finance and investments. Professor Tessema has published research papers in the American Business Review, Journal of Financial Education, Journal of International Finance, Mid-American Journal of Business, Journal of Global Business, African Development Review, The International Journal of Finance and in several conference proceedings; and a chapter in a book. He has served as an ad-hoc reviewer for the Journal of Financial Education and the Mid-American Journal of Business. He is the treasurer of the Ethiopian American Educational Foundation.
Dr. Tessema teaches Corporate Finance and Investments.
“Building Empirical Models for Exchange Rates Forecasting under the Managed Exchange Rate System,” The International Journal of Finance, Volume 16, Number 3, 2004, pp3115-3140. Co-authored with Abraham and Yuko Mulugetta.
“Empirical Estimates of Cost Capital for Emerging Markets: An Application of the Country Credit Rating Model,” The Journal of Global Business, Volume 15, Number28, (Spring 2004) pp35-42. Co- authored with Carl McGowan.
“A Comparison of the Weighted Average Cost of Capital for Multinational Corporations: The Case of the Automobile Industry Versus The Soft Drink Industry,” The Journal of Current Research in Global Business, Volume 6, Number 9, (Winter 2004) pp82-88. Co-authored with Carl McGowan.
“Prospects and Challenges for Developing Securities Markets in Ethiopia- an Analytical Review, African Development Review, Volume 15, number 1 (June 2003) pp 50-65.
“Cost of Capital Estimation for Investments in Emerging Markets – a Survey”, The Journal of Current Research in Global Business, Volume 5, number 7 (Winter 2003) pp 27-34. Co- authored with Carl McGowan.
“International Differences in the Cost of Capital in the Automobile Industry.” Academy of International Business- Southwest Review of International Business Research., Volume 14, (Winter 2003) pp226-231. Co-authored with Carl McGowan
“Financial Institution Analysis in an Evolving Environment – the Case of the Russian Savings Bank”, Conference Proceedings of the Association for Global Business, Volume 13, (Fall 2002) pp106-115. Co-authored with Carl McGowan.
“Doctrinal Views of Exchange Rate Determination: An Eclectic Approach”, a chapter in a Book entitled, Disequilibrium, Exchange Rates and Adjustments: Some Aspects to the Theory and Policy in International Finance (Fall 2000) pp 200-211. Co-authored with D. Ghosh and A. Mulugetta.
