Lorne N. Switzer
Professor, Department of Finance, Van Berkom Endowed Chair in Small-Cap Equities & Associate Director of Institute for Governance of Private and Public Organizations
Lorne N. Switzer is a Professor of Finance and the Van Berkom Endowed Chair in Small Cap Equities. He has published several academic articles and books and serves on the Editorial Boards of European Financial Management, La Review Financier, and the International Journal of Business. He has done consulting work for many business firms and government organizations including the Bourse de Montréal., Caisse de Dépot et Placement du Québec, AMI Partners, Inc., Bank Credit Analysts Research Group, the Government of Canada, and the Gouvernement du Québec. He is a graduate of the Wharton School of the University of Pennsylvania, and obtained his PhD from the University of Pennsylvania in 1982.
His research and teaching interests include international business finance, corporate governance, derivative securities, capital markets, financial institutions, and the economics of technological change.
His research and teaching interests include international business finance, corporate governance, derivative securities, capital markets, financial institutions, and the economics of technological change.
Selected Research
Refereed Journal Articles
“Default risk and corporate governance in financial vs. non-financial firms,” Risk and Decision Analysis forthcoming 2013 (with Jun Wang).“ Do Company Visits Add Value for Professional Investors?” Journal of Applied Finance, forthcoming 2013, issue #1 (with Mariane Keushgerian).
“The Impact of Derivatives Regulations on the Liquidity and Pricing Efficiency of Exchange Traded Derivatives,” Review of Futures Markets, forthcoming, 2013 (with Qianyin Shan and Jean-Michel Sahut).
“Intraday Market Liquidity, Corporate Governance, and Ownership Structure in Markets with Weak Shareholder Protection: Evidence from Brazil and Chile,” Journal of Management and Governance, (forthcoming, 2013), (with Diego Cueto).
“Default Risk Estimation Bank Credit Risk and Corporate Governance" Financial Markets, Institution and Instruments Journal. Vol 22 # 2 forthcoming, May 2013 (with Jun Wang).
“Convertible Bond Issuance, Risk, and Firm Financial Policy: A New Approach,” International Journal of Business Vol 18 (1), 2013, pp. 1-25, (with Jinlin Liu).
“The Relative Performance of Small Cap Firms and Default Risk across the Business Cycle: International Evidence, ” International Journal of Business, 17(4), 2012, pp. 379-396.
“Erratum to ‘The Behaviour of Small Cap vs. Large Cap Stocks in Recessions and Recoveries: Empirical Evidence for the United States and Canada,’ ” North American Journal of Economics and Finance, 22 (2011), pp. 355-356.
“Shareholder Interests vs. Board of Director Members’ Interests and Company Performance: a New Look,” Review of Accounting and Finance 10 (2011), pp. 228-245 (with Yu Cao).
“Are there Benefits from Dynamic Asset Allocation Strategies across Hedge Funds,” Journal of Portfolio Management, 37 (2011), pp. 116-120 (with Andrey Omelchak).
“Management Quality and Operating Performance: Evidence for Canadian IPOs,” International Journal of Business, 16 (2011), pp. 133-149 (with Jean-Francois Bourdon).
For earlier citations please refer to Dr. Switzer's CV

Lorne N. Switzer
Professor, Department of Finance, Van Berkom Endowed Chair in Small-Cap Equities & Associate Director of Institute for Governance of Private and Public OrganizationsPhD (University of Pennsylvania)
View Dr. Switzer's CV
Contact Information
John Molson School of Business1455 de Maisonneuve Blvd. West
Montreal (Quebec)
Canada H3G 1M8
Office: MB 11.369
Phone: (514) 848-2424 ext 2960
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Area of Expertise
- Portfolio Management
- Small-Cap Equities Governance
- International Finance
- International Transfer Pricing
- Capital Markets
- Derivative Markets
- Hedge Funds and Alternative Investments
- Market Microstructure
- Commercial Banking and Financial Institutions
- Real Estate Finance
- Financial Modeling
- Economics of Technological Change