/channels/taxonomy/term/26000/all en /channels/channels/news/faculty-achievements-patrick-augustin-associate-professor-finance-appointed-associate-editor-357926 <p><img alt="Patrick Augustin" src="/desautels/files/desautels/styles/medium_focal__220_x_220_/public/patrick-augustin-2.jpg?itok=Cef6vaQY" style="width:220px; height:220px; float:left" title="Patrick Augustin" /></p> <p>Congratulations to <strong><a href="/desautels/patrick-augustin">Patrick Augustin</a></strong>, Associate Professor of Finance, for his appointment as Associate Editor of the <i>Management Science.</i></p> Wed, 10 Jul 2024 19:13:35 +0000 webfull 200755 at /channels /channels/channels/news/reproducibility-management-science-355997 <p><strong>Authors: </strong>Miloš Fišar, Ben Greiner, Christoph Huber, Elena Katok,<br /> Ali I. Ozkes, and the Management Science Reproducibility Collaboration*</p> <p><b>*Co-authors included among the Collaboration are four members of the Desautels community:<br /> <a href="/desautels/ruslan-goyenko">Ruslan Goyenko</a></b>,<b> <a href="/desautels/brian-rubineau">Brian Rubineau</a></b>,<b> <a href="/desautels/chengyu-zhang">Chengyu Zhang</a> </b>and Yaping Zheng (now at U. of Alberta)</p> Mon, 11 Mar 2024 14:33:29 +0000 webfull 198449 at /channels /channels/channels/news/learning-biodiversity-diversity-financial-ecosystems-important-economic-growth-and-stability-355344 <p><img alt="Vihang R Errunza" src="/desautels/files/desautels/styles/medium_focal__220_x_220_/public/vihang-errunza-400.jpg?itok=pdMWkTK6" style="width:220px; height:220px; float:left; margin:8px" title="Vihang R Errunza" /></p> <p><strong>Authors:</strong>: <a href="/desautels/vihang-r-errunza"><b>Vihang R. Errunza</b></a>, Basma Majerbi and Maxwell Tuuli</p> <p><strong>Publication:</strong> <i>IMF Economic Review, </i>Forthcoming</p> Fri, 09 Feb 2024 19:18:04 +0000 webfull 197678 at /channels /channels/channels/news/thomas-j-rivera-assistant-professor-finance-winner-pbcsf-award-best-paper-fintech-354563 <p><img alt="Thomas J Rivera" src="/desautels/files/desautels/styles/medium_focal__220_x_220_/public/wp1_0.jpg?itok=tJgTheTP" style="width:220px; height:220px; margin-left:15px; margin-right:15px; float:left" title="Thomas J Rivera" /></p> Mon, 22 Jan 2024 20:24:52 +0000 webfull 196780 at /channels /channels/channels/news/sebastien-betermier-and-david-schumacher-winners-best-paper-using-eurofidai-daily-data-award-354562 <p><a href="/desautels/sebastien-betermier"><strong>Sebastien Betermier</strong></a> and <a href="/desautels/david-schumacher"><strong>David Schumacher</strong></a> (both Associate Professors in Finance) along with their co-author Ali Shahrad (Assistant Professor, University of Saskatchewan) have won the “Best Paper Using EUROFIDAI Daily Data Award” in 2023 for their research paper titled “Mutual Fund Proliferation and Entry Deterrence”, published in the journal <i>Review of Asset Pricing Studies</i>.</p> Mon, 22 Jan 2024 20:17:35 +0000 webfull 196779 at /channels /channels/channels/news/pension-funds-can-drive-greater-returns-participating-more-directly-value-creation-354146 <p>Pension funds manage enormous amounts of capital, but they don’t create as much value as other players in the financial sector. Entrepreneurs, venture capitalists and private equity funds all play a more direct role in launching projects and creating value. But some Canadian pension funds have taken control of the value-creation process with investments in real estate, natural resources, infrastructure, and private credit, writes <a href="/desautels/sebastien-betermier"><strong>Associate Professor Sebastien Betermier</strong></a> in Wealth Professional.</p> Wed, 10 Jan 2024 20:51:58 +0000 webfull 196303 at /channels /channels/channels/news/term-structure-short-selling-costs-review-finance-353515 <p><img alt="Gregory Weitzner" src="/desautels/files/desautels/styles/medium_focal__220_x_220_/public/weitzner-gregory-211013-150834-8913.jpg?itok=eiEyxdvp" style="width:220px; height:220px; margin:8px; float:left" title="Gregory Weitzner" /></p> <p><strong>Authors: <a href="/desautels/gregory-weitzner">Gregory Weitzner </a></strong></p> <p><strong>Publication:</strong> <i>Review of Finance</i><br /> Volume 27, Issue 6, November 2023, Pages 2125–2161.</p> Wed, 13 Dec 2023 13:07:56 +0000 webfull 195641 at /channels /channels/channels/news/ava-labs-and-cber-forum-launch-new-blockchain-and-crypto-podcast-series-353160 <p>Ava Labs, a software provider for the Avalanche blockchain network, has launched a new podcast series under its Owl Explains initiative. “Crafting the Crypto Economy” spotlights top researchers from leading academic institutions and features ƻ����Ժ Desautels <strong>Assistant Professor of Finance <a href="/desautels/thomas-j-rivera">Thomas J. Rivera </a></strong>as part of the opening lineup.</p> Wed, 29 Nov 2023 14:14:16 +0000 webfull 195248 at /channels /channels/channels/news/canadian-pension-funds-divestment-private-equity-holdings-rebalances-portfolios-352863 <p>Canadian pension funds are strategically divesting from their private equity holdings to realign their portfolios. Recognizing the inherent lag in private equity valuations compared to publicly traded assets, the move aims to address potential overvaluations, particularly in the context of rising interest rates.</p> Tue, 21 Nov 2023 20:24:33 +0000 webfull 194940 at /channels /channels/channels/news/public-pension-plans-canada-and-australia-achieve-efficiencies-through-professional-asset-management-352813 <p>Canada and Australia are both examples of successful pension fund management, said <a href="/desautels/sebastien-betermier"><strong>Prof. Sebastien Betermie</strong></a>r in a keynote presentation to the Government Employees Pension Fund (GEPF) Thought Leadership Conference in Cape Town, South Africa. While there are differences, both capture similar efficiencies: getting people to save money early, so they benefit from compounding. The assets in these funds are professionally managed, which provides multiple advantages.</p> Mon, 20 Nov 2023 17:01:09 +0000 webfull 194887 at /channels /channels/channels/news/shadow-banking-growing-and-its-hidden-risk-stability-financial-system-348650 <p>Shadow banking is playing an increasing role in the financial system. Private equity firms, investment funds and mortgage finance companies all employ alternative lending strategies that are lightly regulated, and Canada’s Office of the Superintendent of Financial Institutions is concerned about how much exposure Canada’s banks have to this type of lender, who are collectively known as non-bank financial intermediaries. Their lending is sometimes backed by derivatives, and if their value falls, the loan collateral could be jeopardized.</p> Wed, 07 Jun 2023 17:51:12 +0000 webfull 190028 at /channels /channels/channels/news/interaction-major-crypto-asset-platforms-could-benefit-both-cbdcs-and-cryptocurrencies-348455 <p>Cryptocurrencies are an unregulated, ethically dubious financial instrument used by criminal organizations, terrorists and war criminals, writes Andy Holloway in the FP Investor Newsletter. But central bank digital currencies (CBDC) are the right side of regulation. “A CBDC that offers maximal privacy of individuals' spending and is a legal tender would be a more compelling alternative to cryptocurrencies as a pure digital means of payments and money,” says <a href="//www.mcgill.ca/desautels/katrin-tinn">Katrin Tinn</a>, Assistant Professor of Finance at Desautels.</p> Thu, 25 May 2023 16:03:26 +0000 webfull 189794 at /channels /channels/channels/news/delve-cashing-or-losing-big-cryptocurrency-yield-farms-348370 <p>If something seems too good to be true, it probably is. Add cryptocurrency yield farms to that list. A complex investment strategy in decentralized finance markets, yield farming advertises eye-popping passively earned returns. While some investors boast impressive returns, for others the risks are unclear or even undisclosed before they invest, and the advertised returns never materialize.</p> Wed, 17 May 2023 16:01:46 +0000 webfull 189693 at /channels /channels/channels/news/profs-beaumont-schumacher-and-weitzner-awarded-sshrc-insight-development-grant-347797 <p>Congratulations to <a href="//www.mcgill.ca/desautels/paul-beaumont">Paul Beaumont</a>, <a href="//www.mcgill.ca/desautels/david-schumacher">David Schumacher</a> and <a href="//www.mcgill.ca/desautels/gregory-weitzner">Gregory Weitzner</a>, who were awarded a 2022-2023 SSHRC Insight Development Grant</p> <p><strong>“Call Me Maybe: Institutional Ownership and Corporate Call Policy”</strong></p> Fri, 14 Apr 2023 19:32:00 +0000 webfull 189025 at /channels /channels/channels/news/future-commercial-real-estate-belongs-those-who-can-meet-evolving-needs-office-347234 <p>Lockdowns and remote work presented unique challenges for the commercial real estate sector. Vast amounts of office space were suddenly empty as people worked from home. But the sector is rebounding. There are projects underway in cities around the world are a testament to investors’ confidence in its outlook, says <a href="//www.mcgill.ca/desautels/sebastien-betermier">Sebastien Betermier</a>, an Associate Professor of Finance at Desautels.</p> Thu, 23 Mar 2023 20:19:15 +0000 webfull 188464 at /channels