Associate Head / Associate Professor / Academic Director, MSc IM/FA Program
Peter MacKay is a financial economist with expertise in many areas of corporate finance, including capital structure, risk management, capital expenditures, working capital management, and corporate governance. He is currently researching voluntary disclosures, the internal and external organization of firms, how macro-micro interactions affect investment policy, and the intensity and maturity of corporate hedging activity. A common theme in his work is the role of industry structure in explaining firm-level behavior. His work in emerging markets includes a study of stock-market return contagion between Europe and Asia, differences in governance of affiliated investment funds in China, and currently, a comparison of corporate risk management practices across the BRICS countries and the West (an IEMS-sponsored project). He is leading an industry-sponsored study on the economic impact of improving the fund-management environment in Hong Kong. Much of his work has been published in leading journals such as The Journal of Finance, The Review of Financial Studies, and The Journal of Financial and Quantitative Analysis. Professor MacKay is associate editor for the Multinational Finance Journal and the International Review of Financial Analysis. He previously held appointments at Southern Methodist University (Dallas, Texas) and Laval University (Quebec, Canada).