Asrat Tessema

Asrat Tessema

Professor of Finance

426 Owen


[email protected]


  • Ph.D. University of Iowa
  • MBA Minnesota State University
  • PGD Institute for Regional Development
  • BBA Addis Ababa University, Ethiopia

Professional Summary

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.

Courses Taught

  • FIN 350 Principles of Finance
  • FIN 370 International Business Finance
  • FIN 354 Investments
  • FIN 359 Intermediate Financial Theory
  • FIN 497 One Credit Independent Study
  • FIN 499 Three Credit Independent Study
  • FIN 502 Financial Principles
  • FIN 540 International Finance
  • FIN 620 Financial Administration Policies
  • FIN 625 Securities Analysis
  • FIN 699 Three Credit Independent Study

Research Interests & Projects

Dr. Tessema teaches corporate finance and investments.

Selected Publications

"Competitive Currency Devaluations, Quantitative Easing and Volatility of Exchange Rates" Published by the Journal of International Business Research, Volume 15, Issue 1, 2016, PP 15-31, Co-authored with A. Mulugetta and Y. Mulugeta.

"Systemic Economic Transition of East African Community Customs Union" The Journal of Current Research in Global Business, Volume 15, No 24, 2012, PP 108-120. Co-Authored with A. Mulugetta and Y. Mulugetta.

"Higher Education in Ethiopia: Challenges and the Way Forward" International Journal of Education Economics and Development. Vol. 2, No 3, 2011. PP. 225-244. Co-Authored with M. Abebe.

"The Buy-Back option on leased assets: Economic Value and Deal Sweetener under asymmetric information" Review of Business Research journal, Vol. 11, Number 2, 2011, PP. 68-73. Co-Authored with A. Diallo and S. Kim.

"A Note on International Technology Transfers" Review of Business Research journal, Volume 10, Number 4, 2010. PP 201-208. Co-Authored with A. Diallo.