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CANADIAN IMMIGRATION UPDATES: Applicants to Master’s and Doctoral degrees are not affected by the recently announced cap on study permits. Read more

Jan Bena

Jan Bena

PhD Finance (London School of Economics), PhD Economics (CERGE-EI)
Associate Professor and Finance Division Chair
Academic Director, Portfolio Management Foundation (PMF) Program
Advisor, UBC SWIFT: Sauder Women in Finance Training Program
Bank of Montreal Chair in International Finance

Selected publications

  • “Shielding Firm Value: Employment Protection and Process Innovation,” with Hernán Ortiz-Molina and Elena Simintzi, November 2022, Journal of Financial Economics, Volume 146, Issue 2, p. 637-664.
  • “The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel,” with Serdar Dinc and Isil Erel, October 2022, Journal of Financial Economics, Volume 146, Issue 1, p. 277-304.
  • “Corporate Innovation and Returns,” with Lorenzo Garlappi, August 2020, Review of Corporate Finance Studies, Volume 9, Issue 2, p. 340–383.

  • “Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership,” with Miguel A. Ferreira, Pedro Matos, and Pedro Pires, October 2017, Journal of Financial Economics, Volume 126, Issue 1, p. 122-146.

  • “Competition and Ownership Structure of Closely-Held Firms,” with Ting Xu, May 2017, Review of Financial Studies, Volume 30, Issue 5, p. 1583-1626.
  • “Heterogeneous Innovations, Firm Creation and Destruction, and Asset Prices,” with Lorenzo Garlappi and Patrick Grüning, June 2016, Review of Asset Pricing Studies, Volume 6, Issue 1, p. 46-87.
  • “Corporate Innovations and Mergers and Acquisitions,” with Kai Li, October 2014, Journal of Finance, Volume 69, Issue 5, p. 1923-1960.
  • “Pyramidal Ownership and the Creation of New Firms,” with Hernán Ortiz-Molina, May 2013, Journal of Financial Economics, Volume 108, Issue 3, p. 798-821.

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