University of Calgary

Michael Robinson

  • Associate Professor
  • Director CDL - Rockies
  • Chen Fong Fellowship Entre F
  • Faculty - Executive Education
  • Faculty [FNCE]

Currently Teaching

Department

Finance

Bio

Dr. Robinson is an Associate Professor of Finance, in the Haskayne School of Business, an organization he joined in 1990.  He has a B.Math degree (Majoring in Computer Science) from the University of Waterloo, and an MBA and Ph.D. in Finance from the University of Western Ontario.  He also is a holder of the Chartered Financial Analyst (CFA) designation granted by the CFA Institute in Charlottesville, Virginia, and the certified corporate director designation (ICD.D) from the Institute of Corporate Directors in Toronto, Ontario.  Prior to joining the U. of C. he taught at two other Canadian universities: Wilfrid Laurier University and the University of Western Ontario.  Dr. Robinson has also been a sessional instructor for the Osgoode Hall Law School at York University, a Visiting Professor at the University of Petroleum in Changping, China and a Visiting Professor at the Warsaw School of Economics, Warsaw, Poland.

Dr. Robinson teaches investments, portfolio management, and corporate governance to undergraduate, MBA, Executive MBA, and executive education students.  He founded the Calgary Portfolio Management Trust (CPMT) program at the Haskayne School of Business in 1993.  He is also the Calgary Academic Director of the Directors’ Education Program, a joint initiative of the Haskayne School of Business, the Rotman School of Management, and the Institute of Corporate Directors.  He was awarded the Haskayne Dean’s Award for Teaching Excellence for the 2005/2006 academic year.

Dr. Robinson has non-academic work experience as a computer programmer and systems analyst, and more recently he worked as a Venture Capitalist while on a leave from the University of Calgary.  In this later position he was the lead investor for several multi-million dollar investments in high technology firms in Western Canada.  Dr. Robinson has served as a member of the Board of Directors for a number of private and public Canadian companies.  As well, Dr. Robinson is the former Chair of the Investment Operations Committee which provided oversight of Alberta Investment Management, a department of Alberta Finance, which managed over $50 billion of assets on behalf of the Government of Alberta and selected public sector pension plans.  He currently sits on the Board of the Calgary CFA Society, the Board of Governors of the Glenbow Museum, the Board of Governors of the Certified General Accountants of Alberta, and on the APEX Supplementary Pension Board.  During his spare time, Dr. Robinson enjoys hiking, biking, rock climbing, and photography.

Dr. Robinson has published several books and academic research papers that study Canadian capital markets, market efficiency, and methods of raising equity capital for developing firms.  His most recent interests include corporate governance practices in Canada, the role of a firm’s board of directors in growth oriented firms, and the role of the private equity markets in financing growth-oriented firms in Alberta.  A list of his recent publications is as follows:

Refereed Research Articles
:
Investment Patterns of Informal Investors in the Alberta Private Equity Market, (with Thomas Cottrell), Journal of Small Business Management, Vol. 45, No. 1, 2007, 47-67.

Uncertainty Resolution under Extreme Information Asymmetry: The Case of Alberta’s Private Equity Markets, (with Thomas Cottrell), International Business & Economics Research Journal, Vol. 4, No. 1, January 2005, 23-36.

Intraday Volatility and Trading Volume after Takeover Announcements, (with Brian F. Smith,  Robert White, and Richard Nason), Journal of Banking & Finance, Vol. 21, 1997, 337-368.

The Day-of-the-Week Anomaly: The Toronto Stock Exchange Experience, (with George Athanassakos), Journal of Business, Finance & Accounting, Vol. 21, No. 6, 1994, 833-856.

An Overview of the Canadian Block Trading Market, (with Robert White), Canadian Investment Review, summer, 1994, 7-11.

Equity Index Funds - Have They Finally Arrived in Canada? (with James E. Hatch), Business Quarterly, Autumn, 1985, 51-60.

Books:
Summarybook CFA Level I (with André Dorsman), Reed Business Information bv, The Hague, Netherlands, 2004.

Investment and Portfolio Management (Updated an earlier version written by Lawrence Kryzanowski), The Institute of Canadian Bankers, Montreal, Quebec, 1998.

Canadian Capital Markets (with Brian F. Smith), TSE/Western Business School, 1993.

Investment Management in Canada, Second Edition (with James E. Hatch), Prentice-Hall Canada Inc., Scarborough, Ontario, 1989.

Investment Management in Canada, Second Edition Instructor's Manual (with James E. Hatch), Prentice-Hall Canada Inc., Scarborough, Ontario, 1989.

Chapters in Books
:
Chapter 1: Introduction in Summarybook CFA Level I, André Dorsman and Michael J. Robinson, Reed Business Information bv, The Hague, Netherlands, 2004, 13-16.

Chapter 2: Ethical and Professional Standards in Summarybook CFA Level I, André Dorsman and Michael J. Robinson, Reed Business Information bv, The Hague, Netherlands, 2004, 17-28.

Chapter 8: Portfolio Management in Summarybook CFA Level I, André Dorsman and Michael J. Robinson, Reed Business Information bv, The Hague, Netherlands, 2004, 122-135.

Chapter 12: Alternative Investments in Summarybook CFA Level I, André Dorsman and Michael J. Robinson, Reed Business Information bv, The Hague, Netherlands, 2004, 176-188.

Canadian Oil and Gas Industry Transformations: A Model for Success, in Innovation and Transformation in the Oil Industry: Global Experiences, Anjali Hazarika and U.K. Dikshit, Ed., Tata McGraw-Hill Publishing Company Limited, New Delhi, India, 1997, 85-106.

Raising Equity Capital For Small And Medium-Sized Enterprises Using Canada’s Public Equity Markets, in Financing Growth in Canada, Paul Halpern, Ed., University of Calgary Press, 1997, 593-636.

An Empirical Examination of the Market Model, in Canadian Capital Markets, Michael J. Robinson and Brian F. Smith, Ed., TSE/Western Business School, 1993, 45-72.

Univariate Canadian CAPM Tests, in Canadian Capital Markets, Michael J. Robinson and Brian F. Smith, Ed., TSE/Western Business School, 1993, 101-119.

Refereed Conference Proceedings:
Public Financing for Entrepreneurial Firms: Alberta’s Junior Capital Pool Program (with Thomas Cottrell), Proceedings of the Administrative Sciences Association of Canada, Finance Division, 2006.

Uncertainty Resolution under Extreme Information Asymmetry: The Case of Alberta’s Private Equity Markets, (with Thomas Cottrell), European Applied Business Research Conference, Edinburgh, Scotland, June 2004.  (Received a Best Paper Award).

Raising High-Risk Equity Capital: Alberta's JCP Program, Proceedings of the Administration Sciences Association of Canada, Finance Division, Vol. 14, No. 1, 1993, 64-73.

The Day-of-the-Week Anomaly:  The Toronto Stock Exchange Experience, (with George Athanassakos), Proceedings of the Administration Sciences Association of Canada, Finance Division, Vol. 12, Part 1, 1991, 39-48.

An Examination of the Canadian Block Trading Market (with Robert White), Proceedings of the Administrative Sciences Association of Canada, Finance Division, Vol. 12, Part 1, 1991, 151-160.

Degrees

Students

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Haskayne School of Business

Main Campus:
Scurfield Hall,
2500 University Dr NW,
Calgary, AB T2N 1N4

Downtown Campus:
6th Floor, 906 8th Avenue SW,
Calgary, AB T2P 1H9

Contacts:
Haskayne Directory