The Catholic University of America
Business and Economics Faculty

Reza Saidi – Associate Dean and Director of Finance

Reza Saidi

Professor Saidi specializes in the financial management area. He received a Ph.D. in economics from the University of Kentucky and an MBA in international business and finance from the University of Dallas. Before joining the CUA faculty, he taught at Clarkson University. Dr. Saidi also holds a bachelor degree in accounting.

Dr. Saidi teaches undergraduate and graduate courses in financial management as well as undergraduate courses in economics, computer applications in business as well as graduate courses in strategic management and quantitative analysis.

His research areas include stock market and foreign exchange market behavior. His research has appeared in journals such as The Financial Review, Journal of Economic Studies, Journal of Economics and Finance, Economics Letters, and Applied Financial Economics.


Published Papers

Financial Modernization in an Emerging Economy: Case of Turkey, With Themis Pantos, and Marco Pagani, Journal of International Banking and Law, Issue 9, pages 42-51, 2012.

The Greek Three Pillar Functional System in the Presence of the European Banking Directives, with Themis Pantos, Journal of Financial Regulation and Compliance, volume 13, no. 2, pages 167-176, 2005.

“Japanese Banks Liability Management Before and During The Banking Crisis and Macroeconomic Fundamentals, with Maria Sophia Aguirre, Journal of Asian Economics, Vol 15, No. 2, 2004.

"Positive Feedback Trading in Emerging Capital Markets," with Gregory Koutmos, Applied Financial Economics, Vol. 11, 2001, 291-297.

"Asymmetries in the Conditional Mean and Variance in the Exchange Rate: Evidence From Within and Across Economic Blocks." With Maria Sophia Aguirre, Applied Financial Economics, Vol. 10, No.4, August 2000, 401-412.

"The integration of the Pakistani Equity Market with International Equity Markets: An Investigation," with Fazal Husain, Journal of International Development, Vol. 12, 2000, 207-218.

”Volatility Behavior of Exchange Rate Future Contracts," with Maria Sophia Aguirre, Atlantic Economics Journal, Vol. 28, No. 4, 2000, 396-411.

"Commodity Concentration and Export Earning Instability: The Case of Venezuela," with Parviz Asheghian, Development Policy Review, Vol. 17, 1999, 293-313.

"Feedback Trading in Exchange Rate Markets: Evidence From Within and Across Economic Blocks," with Maria Sophia Aguirre, Journal of Economics and Finance , Vol. 23, No. 1, Spring 1999, 1-14.

"Who Moves the Asia-Pacific Stock Markets- US or Japan? Empirical Evidence Based on the Theory of Cointegration," with Asim Ghosh and Keith Johnson, The Financial Review, Vol. 34. No. 1, Feb. 1999, 159-170.

"Evidence of Forward Discount Determinants and Volatility Behavior," with Maria Sophia Aguirre, Journal of Economic Studies. Vol. 25, No. 6, 1998, 538-552.

"Financial Distress and Corporate Acquisitions: Further Empirical Evidence," with Panayiotis Theodossiou, Emel Kahya and George Philippatos, , in Journal of Business Finance and Accounting, Vol. 23, Nos 5 & 6, July 1996, 699-719.

"Linkages Between Canadian and US Financial Markets and Foreign Exchange Market," with Andrew Solocha, Journal of International Financial Markets, Institutions & Money, Vol. 5, No. 1, 1995, 31-45. This paper was supported by a grant from the Canadian Embassy.

"The Leverage Effect in Individual Stocks and the Debt to Equity Ratio," with Gregory Koutmos, in Journal of Business Finance and Accounting , Vol. 22, No. 7, October 1995, 1063-1075. This paper was partially supported by the CUA's Research Funds.

"The effect of Real Exchange Rate Volatility on the Exports of LDCs to Advanced Countries: The Case of Mexico," with Parviz Asheghian, in Anthony Scaperlanda, ed., 1995 Contemporary Working Papers in International Economics, 1995, 187-197.

"Exchange Rate Flexibility and the Riskiness of Multinational Firms as Compared to Domestic Firms," with Parviz Asheghian, in Midwestern Journal of Business and Economics, Vol. 8, No. 3, Winter 1994, 41-62.

"A Reconsideration of Money Left on the Table Measurement -- An Analysis of the Impact of Capen, Clapp, and Campbell in OCS Auctions," with James R. Marsden, Applied Financial Economics, Vol. 3, 1993, 231-238.

"Number of Bids and Bidding Behavior in the Outer Continental Shelf Lease Auction Market." with James R. Marsden, European Journal of Operational Research, Vol. 58, 1992, 335-343.

"Determinants Of LDC Devaluation Decisions: An Exploratory Investigation of Devaluation in Brazil," with Parviz Asheghian and William Foot, Eastern Economic Journal, Vol. 17, 1991, 491-497.

"Are Joint Bidding and Competitive Common Value Auction Markets Compatible? -- Some Evidence From Offshore Oil Auctions," with Elizabeth Hoffman, and James R. Marsden, Journal of Environmental Economics and Management , Vol. 20, 1991, 99-112.

"Testing the Continuity of Individual Bid Density Functions: Some Further Results," with Elizabeth Hoffman and James R. Marsden, Economics Letters , Vol. 24, No. 2, 1987, 117-120.


In His Words ...

One day, somewhere, somehow, you will get it and tell yourself, "that’s what he meant by it!". You may not get it now in class, but I promise you that it will sink in sooner or later. I do not teach materials that have no value in your life. You are the one who has to eventually find how to benefit from it.– Reza Saidi



Office: 309 McMahon Hall
The Catholic University of America
620 Michigan Ave.
Washington, D.C. 20064

Phone: 202-319-4692



  • MGT 226 – Financial Management
  • MGT 336 – Corporate Finance II
  • MSBA 503 – QUantitative Analysis


Ph.D., Economics
University of Kentucky

University of Dallas


Areas of Expertise

  • Financial Management
  • International Finance