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M. Fabricio Perez is the Vice Dean and a Professor of Finance at the Lazaridis School of Business and Economics. He joined ³Ô¹ÏÍø in 2008 after receiving his PhD from Arizona State University. Fabricio's research has been published in journals such as the Journal of Financial and Quantitative Analysis, Journal of Financial Econometrics, Journal of Empirical Finance, and Journal of Banking and Finance, among others.
Previous administrative appointments a the Lazardis School of Business and Economics include Finance Area Chair, Finance PhD program coordinator, Director of the ³Ô¹ÏÍø Financial Services Research Centre, and Co-Director of the ³Ô¹ÏÍø Student Investment Fund (LSIF).
Previous university leadership appointments include serving as a member of ³Ô¹ÏÍø’s Board of Governors, the Finance, Investments & Property Committee, the Investment Oversight Sub-Committee, and the Governance Committee. He also served as a member of the University Senate.
Fabricio’s international experience includes visiting positions at the University of San Diego and ESSEC Business School in Paris, France.
His community work includes serving as a Board Member and Treasurer of the Waterloo United Soccer Club in Waterloo, Ontario..
His research interests include econometric theory and financial econometrics with focus on factor analysis applied to asset pricing models and corporate finance. Also he is interested in International Finance and Economics with focus of Foreign Direct Investment and Corruption.
Arthur Wesley Downe Professor of Finance since 2015.
Merit Award, ³Ô¹ÏÍø 2013, 2016, 2019, 2020, 2023, 2025.
Montias Prize for the best paper published in the Journal of Comparative Economics during
2012-2014.
Merit Award, ³Ô¹ÏÍø 2013, 2016, 2019, 2020, 2023, 2025.
Montias Prize for the best paper published in the Journal of Comparative Economics during
2012-2014.
Finance:
Signaling via Stock Splits: Evidence from Short Interest, with A. Shkilko, N. Tang and P. van Ness. 2025 Journal of Banking and Finance, 172 (2025).
Follow the leader: Index tracking with factor models, with Pan Jiang, 2021, Journal of Empirical Finance, 64, 337-359.
The evolution of pay premiums for managerial attributes, with Si Li, 2021, Journal of Corporate Finance, 69.
Estimation of Multivariate Asset Models with Jumps, with Angela Loregian, Laura Ballotta, and Gianluca Fusai, 2019, Journal of Financial and Quantitative Analysis, 54(5), 2053-2083.
Catering through nominal share prices revisited with Andriy Shkilko, 2017, Critical Finance Review, 6(1), 43-75.
Factor Models for Binary Financial Data, with Andriy Shkilko and Konstantin Sokolov, 2015, Journal of Banking and Finance, 61, S177-S188.
Dynamic effects of idiosyncratic volatility and liquidity in corporate bond spreads, with Madhu Kalimipalli and Subhankar Nayak, 2013, Journal of Banking and Finance, 37(8), 2969-2990.
Two-Pass estimation of risk premiums with multicollinear and near-invariant betas, with Seung C. Ahn, and Christopher Gadarowski, 2013, Journal of Empirical Finance, 20(1), 1-17 (lead article).
Robust Two-Pass Cross-Sectional Regression: A Minimum Distance Approach, with Seung C. Ahn, and Christopher Gadarowski, 2012, Journal of Financial Econometrics, 10(4), 669-701.
GMM estimation of the number of latent factors: With Application to International Stock Markets, with Seung C. Ahn. 2010, Journal of Empirical Finance, 17(4), 783-802.
Economics:
National Levels of Corruption and Foreign Direct Investment, with J. Brada, Z. Drabek and J. Mendez. 2019, Journal of Comparative Economics , 47(1), 31-49.
Illicit money flows as motives for FDI, with Josef C. Brada and Zdenek Drabek, 2012, Journal of Comparative Economics, 40(1), 108-126. Winner of the Montias Prize for the best paper published in the Journal of Comparative Economics 2012-2014.
The Effect of Home-country and Host-country Corruption on Foreign Direct Investment, with Josef C. Brada and Zdenek Drabek. 2012, Review of Development Economics, 16(4),640-663.
Insurance:
Board Diversity and Risk-taking with Mary Kelly and Olga Kanj, 2024, Journal of Insurance Issues, 47(1), pp. 35-77
Pricing Dynamics in the market for Catastrophe Bonds, 2020, with Peter Carayannopoulos and Olga Kanj, The Geneva Papers on Risk and Insurance-Issues and Practice (2020): 1-31.
Diversification through CAT bonds: lessons from the subprime financial crisis, with Peter Carayannopoulos, 2015, The Geneva Papers on Risk and Insurance, 40(1), 1-28 (lead article). Selected for the 2015 Journal 40 years of GPP: Anniversary Collection
Political Science
Spillover effects of quota or parity laws: The case of Ecuador women mayors, 2022, with S. Basabe‐Serrano. Latin American Policy, 13(1), 82-103.
Books
Regional Integration in the North American Free Trade Agreement (NAFTA) area, the case of Northeast Mexico, with J. Chapa, M. Treviño, E. Ayala and G. Genna. Pearson Education, Mexico 2015.
Graduate Courses
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BU843. Seminar in Advanced Financial Econometrics. PhD in Financial Economics, ³Ô¹ÏÍø. Winter 2010, Winter 2012, Fall 2013, Winter 2015, Winter 2016, Winter 2018, Winter 2020, Winter 2022.
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MFIN753. Financial Econometrics, Economics & Quantitative Methods I. Master of Finance Toronto and Waterloo, ³Ô¹ÏÍø. Fall 2015, Fall 2017, Fall 2018, Fall 2019, Fall 2020, Fall 2021, Fall 2023, Fall 2024.
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MFIN763/BU763. Economics & Quantitative Methods II. Master of Finance Toronto and Waterloo, ³Ô¹ÏÍø. Fall 2011, Fall 2012, Fall 2013, Fall 2014, Winter 2016, Winter 2018, Winter 2019, Winter 2020, Winter 2021.
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BU663. Advanced Corporate Finance, Waterloo MBA, ³Ô¹ÏÍø, Spring 2023.
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BU603. Financial Management. Toronto MBA, ³Ô¹ÏÍø. Fall 2014, Spring 2023.
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TM703, Finance for Technology Firms, EMTM program, Fall 2020.
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BU693W/BU693Z/BU690K. Economics & Quantitative Methods/CFA Review Quantitative Methods. Master of Finance Toronto and Waterloo, ³Ô¹ÏÍø, Fall 2010, Spring 2010, Fall 2010, Fall 2012, Spring 2013, Fall 2013, Fall 2014.
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Gauss programming for PhD students, WP Carey School of Business, Arizona State University, 2006-2008.
Undergraduate Courses
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BU393. Financial Management II. ³Ô¹ÏÍø. Spring 2009, Winter 2010, Spring 2011, Winter 2012, Winter 2019, Winter 2021, Spring 2023.
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BU473. Investment Management. ³Ô¹ÏÍø. Fall 2012, Spring 2013, Fall 2013, Fall 2014.
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BU400, Advanced Equity Analysis. ³Ô¹ÏÍø. Spring 2022, Spring 2023.
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Business Statistics. WP Carey School of Business, Arizona State University 2006.
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Macroeconomic Principles. WP Carey School of Business, Arizona State University, Summer and Fall 2005, and Summer 2007.
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Financial Analysis. Escuela Politecnica Salesiana Quito, Fall 2001.
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Managerial Finance. Escuela Politecnica Salesiana Quito, Spring 2002.
Supervision of PhD students:
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Konstantin Sokolov, committee member, graduated in 2016, placement: Rochester Institute of Technology, currently at the University of Memphis.
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Olga Kanj, committee member, graduated in 2020, placement: University of Waterloo
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Paulan van Ness, committee member, graduated in 2022, placement: Connor, Clark & Lunn Investment Management
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Pan Jiang, committee member, graduated in 2022.
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Maria Elena Granda, dissertation reviewer and Tribunal member, Universitat de Lleida Spain 2023.
Contact Info:
Office location: Lazaridis Hall LH 4013L
Office hours: By appointment.
Languages spoken: English, Spanish