Finance

Academic Areas

The Finance area at Haskayne aims to be a leading centre for research and teaching excellence. Our objective is to conduct innovative and impactful theoretical and empirical research and to bring the latest finance knowledge and skills to graduate and undergraduate students.

Our faculty regularly publishes in top finance, economics, and business journals. Through our regular seminar series, we invite finance scholars from around the world to present their recent research. We also contribute to financial research through the training of PhD students who then become faculty members at other academic institutions or become practitioners in the finance industry.

Our teaching approach mixes theory, case analysis, and experiential learning, which includes instruction in our dedicated finance and trading lab and through our student managed investment portfolio. We also mentor students who participate in competitions and industry visits across Canada and internationally.

Spotlight on Research

Exploration activity, long-run decisions, and the risk premium on energy futures

Alexander David

A new paper by Alex David shows that energy firms respond to increases in energy futures prices not only by increasing inventories (a short-run decision), but also by increasing upstream investment in exploration and the development of oil fields (a long-run decision). Financial investors reward upstream investments by energy firms by lowering the risk premium (cost of capital of funding energy investments in excess of the riskless rate) in recognition of the increase in future production capacity, and consequent lower energy price fluctuations in the future.

Read more…

Faculty

Kyoung Jin Choi

Kyoung Jin Choi

Associate Professor, Research Fellowship in FNCE 
Area of expertise: Investments, Dynamic contracting, Real options, Portfolio choices, Fintech
Profile

Philip Chang

Philip Chang

Associate Professor Emeritus
Area of expertise: Portfolio Management, Investments, Corporate Finance, Capital Budgeting, Corporate Risk Management
Profile

Jess Chua

Jess Chua

Professor Emeritus
Profile

Alexander David

Alexander David

Professor, David E. Mitchell Professorship in Mgmt
Area of expertise: Asset Pricing, Credit Risk, Derivatives, Bayesian Learning models, Energy Finance, Systemic Risk
Profile

Robert Elliott

Robert Elliott

Professor Emeritus
Profile

Peggy Hedges

Peggy Hedges

Teaching Professor, Academic Director - Westman Centre for Real Estate Studies

Profile

Thomas (Tom) Holloway

Thomas Holloway

Instructor, Faculty Advisor - CPMT
Area of expertise: Investment Management, Fixed Income, Corporate Finance, Corporate Governance. Fintech, Tactical Asset Allocation
Profile

Yrjo Koskinen

Yrjo Koskinen

Professor, Associate Dean - Research
Area of expertise: Corporate Finance, International Finance, Organizational Economics, Corporate Social Responsibility
Profile

Alfred Lehar

Alfred Lehar

Associate Professor, Research Professorship in FNCE
Area of expertise: Banking, Corporate Finance, Fintech, Crypto-Currencies
Profile

Pablo Moran

Pablo Moran

Assistant Professor
Area of expertise: Corporate Finance; Mergers, Corporate Takeovers and Restructuring; Securities Offerings; Investment Banking; Real Options
Profile

Miguel Palacios

Miguel Palacios

Assistant Professor
Area of expertise: Labor and Finance, Asset-pricing, Education Finance
Profile

Ari Pandes

Ari Pandes

Associate Professor, Area Chair
Area of expertise: Corporate Finance, with specific interests in Securities Offerings, Investment Banking, and Financing Decisions; Entrepreneurial Finance; Law and Finance
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Gordon Sick

Gordon Sick

Professor Emeritus
Profile

Lesley Tims

Lesley Tims

Instructor
Area of expertise: Corporate Finance, Investment Management, Investment Analysis, Portfolio Selection, Securities Offerings, Mergers & Acquisitions
Profile

Rene Wells

Rene Wells

Instructor
Area of expertise: Market Microstructure (trading), Corporate Finance, Banking, Investments, Behavioral Finance, Strategic Alliances and Joint-Ventures.
Profile

Larry Wood

Larry Wood

Senior Instructor
Profile