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Akash Dania, PhD

Dr. Akash DaniaProfessor of Finance
College of Business
Delaware State University
1200 N Dupont Hwy, Dover, DE 19901
302.857.6917
adania [at] desu.edu
CV

Education

Ph.D., The University of Texas – Rio Grande Valley (AACSB accredited)
Major: Business Administration Finance

MS, The University of Texas – Rio Grande Valley
Major: Computer Science

Research Interests/Area

Asset allocation for individual and institutional investors, international finance, real estate investments and socially responsible investing.

Professional Memberships

  • Financial Management Association
  • Academy of International Business
  • Academy of Financial Services

Publications

  1. Anderson, R., Bhargava, V., and Dania, A. (Forthcoming – Winter 2018), “An International Examination of the Dynamic Linkages across REIT Markets.” Journal of Real Estate Finance, Volume 34, No. 3.
  2. Dania, A and Maysami, R., (2017), “Dynamic Linkages and Volatility Transmission from Global Equity Markets to Frontier Equity Markets of the Middle East and Africa,” Journal of Wealth Management, Volume 20, No. 1.
  3. Malhotra, R., Malhotra, D.K. and Dania, A., (2017), “Evaluating the Health of Life and Health Insurance Companies,” in Kenneth D. Lawrence, Gary Kleinman (ed.) Applications of Management Science, Volume 18.
  4. Dania, A and Dutta, S., (2017), “Examining the Dynamic Linkages of Performance and Volatility of REIT Returns,” Journal of Wealth Management, Volume 19, No. 4.
  5. Dania, A and Malhotra, D.K., (2016), “Impact of TED spread, bond spread, and implied volatility on stock market returns, oil prices, home prices and exchange rates,” International Journal of Bonds and Derivatives, Volume 2, No. 4.
  6. Dania, A and Malhotra, D.K., (2014), “Transmission of U.S. Stock Market Implied Volatility to equity markets of emerging countries,” Journal of Wealth Management, Volume 17.
  7. Dania, A. and Malhotra, D.K., (2013), “An empirical examination of the dynamic linkages of faith-based socially responsible investing,” Journal of Wealth Management, Volume 16, No. 1. (Recipient of the McGraw-Hill/Irwin Distinguished Paper Award).
  8. Dania, A., and Spillan, J.E., (2013), “Volatility Transmission from mature global stock markets to the Middle East and North African stock markets,” Accounting and Finance Research, Volume 2, No. 1.
  9. Dania, A. and Malhotra, D.K., (2013), “Returns dynamics and global integration of BRICS stock markets,” International Journal of Business and Emerging Markets (IJBEM), Vol. 5, No. 3.
  10. Dania, A., (2012), “Measuring the role of financial stress on business and financial indicators,” Global Journal of Finance and Economics, Volume 9, No. 2, July-December.
  11. Bhargava, V. and Dania, A., (2012), “Information dynamics effects from major world markets to SAARC nations,” Journal of Economics and Finance, Volume 36, Issue 4.
  12. Dania, A. and Posey, C., (2012) “Accounting students opinion towards spreadsheets as an instructional tool,” Journal of Business, Industry and Economics, Volume 17, Spring 2012.
  13. Bhargava, V., Dania, A. and D.K. Malhotra, (2012), “Industry effects and volatility transmission in portfolio diversification,” Journal of Asset Management. 13(1), 22-33.
  14. Dania, A., (2011), “Diversification benefits from investing in commodity sector: the case of precious metals, industrial metals and agricultural produce,” International Journal of Business and Social Science, 23(2), 39-49.
  15. Dania, A., Udemgba, B, (2011), “Integration of the Middle East and North African Stock Markets with Global Stock Markets,” International Journal of the Academic Business World, 5(2), 57-68.
  16. Bhargava, V., Dania, A. and Malhotra, D.K., (2011), “Relationship between price-earnings ratios, dividend yield, and stock prices: evidence from BRIC countries,” Journal of Emerging Markets, 16 (1).
  17. Chapa, S., A. Cortes and Dania, A., (2011), “Approaching the Asian elephant: understanding business-to-business relations in India,” International Business & Economics Research Journal, April 2011, 73-81.
  18. Bhargava, V., Dania, A, Malhotra, D.K., (2011), “Covered interest rate parity among BRIC nations,” Journal of Business and Economics Studies, 17(1), 37-47.
  19. Bhargava, V., Dania, A. and R. Anderson, (2010), “The impact of REOCs and public mortgage finance companies on the performance and volatility of U.S. REITs,” Journal of Real Estate Portfolio Management, 16(3), 279-288.
  20. Dania, A. and Verma, R., (2007), “Political risk and ADR returns: diversification in the Indian sub-continent,” Journal of Asia Business Studies, 2 (1), 58-66.
  21. Dania, A. and Spillan, J. E., (2007), “International currency reserves in emerging market economies: does India have enough?” International Journal of Commerce and Management, 17 (1), 149-169.
  22. Simpson, M. W. and Dania, A., (2006), “Selectively hedging the Euro,” Journal of Multinational Financial Management, 16 (1), 27-42.

PROCEEDINGS/TRANSACTIONS (OTHER)

  1. Dania, A., (2017), “Diversification benefits of investing in frontier equity markets nations of the Middle East and Africa,” Academy of International Business – Southeast Proceedings of Annual Meeting.
  2. Dania, A. and Dutta, S. (2017), “Dynamic linkages among counterparty risk and global banking stock returns,” Academy of International Business – Southeast Proceedings of Annual Meeting.
  3. Dania, A. and Malhotra, D.K., (2015), “Impact of TED spread, bong spread, and VIX on stock market returns, oil prices, home prices and exchange rates,” Academy of Financial Services – Proceeding of Annual Meeting.
  4. Dania, A., (2015), “The relationship between consumer sentiments and stock market, money market, oil market, mortgage market and real estate market,” Society of Business, Industry, and Economics (SOBIE) Proceedings of Annual Meeting.
  5. Dania, A., (2015), “Faith based investing: examining performance of investing in companies compatible with religious values,” Society of Business, Industry, and Economics (SOBIE) Proceedings of Annual Meetings.
  6. Dania, A. and Marshall, K. P., (2014), “Influences of consumer sentiments on financial and real estate market indicators,” Association of Collegiate Marketing Educators (Dallas, TX).
  7. Dania, A. and Malhotra, D. K., (2013), “Evaluating the performance of socially responsible investment funds: case of faith base selection,” Southwest Review of International Business Research, Vol. 24, No. 1.
  8. Dania, A. and Spillan, J. E., (2012), “Volatility transmission from Mature to Middle East and North African Stock Markets,” Academy of International Business Proceedings of the 54th Annual Meeting. Washington DC.
  9. Dania, A. and Posey, C. (2012), “Sensitivity of Stock Market Return, Oil Prices, and Exchange Rates to TED Spread?” Society of Business, Industry, and Economics (SOBIE) Proceedings of Annual Meetings.
  10. Dania, A. and Posey, C. (2012), “Does Investing in Pharmaceutical Sector Provide Diversification Benefits?” Society of Business, Industry, and Economics (SOBIE) Proceedings of Annual Meetings.
  11. Dania, A., (2012), “Consumer sentiments and their impact on Stock Market, Money Market, Mortgage Market and Real Estate Market,” Academy of International Business-U.S. Southwest Chapter Papers and Proceedings.
  12. Dania, A., (2012), “Measuring the role of Financial Stress on Business and Financial Indicators,” Academy of International Business-U.S. Southwest Chapter Papers and Proceedings.
  13. Dania, A. Pinney, W. and Forrest, PJ, (2011), “Student Opinion towards the Use of Dedicated Software in Decision Modeling Class,” Society of Business, Industry and Economics Chapters and Proceedings.
  14. Dania, A. and Srivastava, R., (2010), “Returns dynamics and global integration of the stock markets of ‘Plus Five’ nations,” Society of Business, Industry and Economics Chapters and Proceedings.
  15. Dania, A. and Posey, C., (2009), “Business student opinion towards use of spreadsheets as an instructional tool,” Society of Business, Industry and Economics Chapters and Proceedings.
  16. Dania, A., Hurt, K. and D. Johnk. (2007), “Student opinions towards Spreadsheets as a teaching tool,” National Business and Economics Society Chapter Papers and Proceedings.
  17. Dania, A. (2005), “Interdependence of emerging equity markets on foreign macroeconomic movements: evidence from India,” Academy of International Business-U.S. Southwest Chapter Papers and Proceedings.

Honors & Awards

  • Key to the City of Natchez, Mississippi. Awarded by the Mayor of the City of Natchez and the Board of Supervisors (2018).
  • Georgia State University Best Reviewer Award for the 2015 Academy of International Business (AIB) Southeast.
  • 2015 School of Business nominee for the 2015-2016 HEADWAE-Working for Academic Excellence Award.
  • Outstanding Paper in International Business Research, Federation of Business Disciplines (Albuquerque, NM - 2013), “An empirical examination of the performance of faith-based investing: case of faith-based compliance.”
  • Outstanding faculty of the year (Alcorn School of Business annual awards), AY 2012-2013.
  • Best researcher award (Alcorn School of Business annual awards), AY 2011-2012.
  • Paper selected for top 10 sessions at the conference, (Financial Management Association, Denver, 2011), “An international examination of the dynamic linkages across REIT Markets.”

Teaching

  • Developed and taught courses in face-to-face, hybrid and 100% online, 100% online accelerated formats.
  • Average student feedback for teaching: 4.80/5.00 and up
  • Graduate courses developed and taught: Financial Management, Quantitative Analysis, Investments, Financial markets and institutions, Bank Management, Survey of Finance, International Financial Management, Special Topics in Finance - Real Estate Finance, Operations Management, Managerial Economics Analysis.
  • Undergraduate courses developed and taught: Risk management and Insurance, Managerial Finance, Financial markets and institutions, Investments, Principles of Finance, Survey of management science, Financial statement analysis.
  • Subject expert at Delaware State University:  Business Analytics.

Additional Information

In 2015, Dr. Akash Dania published a book titled, “Impact of International Terrorism on Commodity Markets: Protecting a Diversified Commodity Portfolio.”  This book is a start-to-finish guide to investigating the impact of international terrorism on commodity markets and if a diversified commodity portfolio provides investors with diversification benefits in such extreme politically uncertain environment.

Consulting:  Business Programs accreditation, Financial and Accounting management issues,  Cash flow issues (design and audit),  Faith based investing,  Business plans and Investing.