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Paul J. Halpern

Paul Halpern

    Paul J. Halpern

    Professor Emeritus of Finance

    Degrees: PhD, University Chicago
    MBA, University of Chicago,
    BComm., University of Toronto
    Email: Send an email to Paul J. Halpern


    Paul Halpern is a Professor Emeritus of Finance at Rotman. He is Senior Advisor at the Capital Markets Institute. His research interests include capital market policy issues and corporate restructurings. Outside of academia, Paul is the Chair of the Advisory Board for the Canadian Investment Review and Director, Portfolio Client Services, Canada for LSV Asset Management.

    Academic Positions

    1999-Present  Toronto Stock Exchange Chair in Capital Markets
    1977-Present  Faculty of Management; Institute for Policy Analysis, Faculty of Law, University of Toronto
    2001-2002  Associate Director; Capital Markets Institute
    1999-2001  Director; Capital Markets Institute
    1997-1998  Interim Dean; Rotman School of Management
    1991-1993  Associate Dean (Research) and Director of PhD Program
    1985-1990  Associate Dean (Graduate)
    1972-1977  Associate Professor
    1969-1971  Assistant Professor

    Selected Publications - Papers

    • Implicit Claims: The Role of Corporate Reputation in Value Creation; with Irene Devine; Corporate Reputation Review; Issue: Spring; 2000
    • Are all index funds created equally?; Canadian Investment Review; Issue: Winter; 2000
    • Strip Bonds and Arbitrage Bounds; with John Rumsey; Canadian Journal of Adminstrative Studies; Issue: June; 2000
    • On the Heterogeneity of Levered Going Private Transactions; with R. Kieschnick and W. Rotenberg; Review of Financial Studies; Issue: Summer; 1999
    • Poison Pills: The Next Round; Canadian Investment Review; Issue: Spring; 1999; Pages: pp. 43-46
    • Poison Pills: The Next Decade; Canadian Investment Review; Issue: Winter; 1998; Pages: pp. 69-70
    • On the Heterogeneity of Levered Going Private Transactions; with R. Elitzur, R. Kieschnik and W. Rotenberg; Journal of Economic Behaviour and Organization; Issue: Vol. 36; 1998
    • A note on Market Efficiency, Institutional Practice and Economic constraints in the Experience of the Canadian Bond Market; with J. Rumsey; Journal of Banking and Finance; Issue: vol 21; 1997

    Selected Publications - Books and Chapters

    • Systemic Perspectives on Corporate Governance Systems; in S. Chen and G. Boyd (eds.) Corporate Governance and Globalization, Edward Elgar, Cheltenham, U.K. forthcoming; 2000
    • Tax Incentives and Comparative Advantage; with J. Mintz in J. MacIntosh, Competitive Industrial Development: The Role of Cooperation in the Technology Sector, forthcoming; 1999
    • Limited Liability; in The New Palgrave Dictionary of Law and Economics, MacMillian Press, Fall; 1998
    • Financing Growth Growth in Canada, editor, Industry Canada, University of Calgary Press, 1998

    Academic / Professional Service

    1991-Present  Member of the Pension Board for Fleet Aerospace
    1988-Present  Chair; of the Advisory Board, Canadian Investment Review
    1978-1998  Member of the Board of Directors and Chair of Research Committee of Financial Research Foundation of Canada

    Research and Teaching Interests

    Teaches courses in corporate finance, capital markets, mergers and acquisitions, and financial strategy. Research interests centre on corporate governance issues, capital merkets, leveraged buyouts, and share recapitalization.  

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