McGill Desautels Faculty of Management - David Schumacher's Recent Research

Sebastien Betermier and David Schumacher winners of the Best Paper Using EUROFIDAI Daily Data Award

�㽶��Ƶ — Mon, 22 Jan 2024 20:17:35 +0000

Sebastien Betermier and David Schumacher (both Associate Professors in Finance) along with their co-author Ali Shahrad (Assistant Professor, University of Saskatchewan) have won the “Best Paper Using EUROFIDAI Daily Data Award” in 2023 for their research paper titled “Mutual Fund Proliferation and Entry Deterrence”, published in the journal Review of Asset Pricing Studies.

Profs Beaumont, Schumacher and Weitzner awarded SSHRC Insight Development Grant

�㽶��Ƶ — Fri, 14 Apr 2023 19:31:59 +0000

Congratulations to Paul Beaumont, David Schumacher and Gregory Weitzner, who were awarded a 2022-2023 SSHRC Insight Development Grant

“Call Me Maybe: Institutional Ownership and Corporate Call Policy”

2020 SSHRC Insight Grants awarded

�㽶��Ƶ — Tue, 23 Feb 2021 23:02:04 +0000

Congratulations to the Desautels professors who received 2020 SSHRC Insight Grants and Insight Development Grants.

SSHRC Insight Grants

Professor Laurent Barras (with Professor David Schumacher)
Professor Sebastien Betermier
Professor Lisa Cohen

The upside of financial fragility

�㽶��Ƶ — Fri, 11 Dec 2020 19:00:59 +0000

In two recent studies, Professor David Schumacher charts the rise of large asset managers and examines their effect on financial market stability. While market participants have a good reason to be concerned about financial fragility, Professor Schumacher finds that this fragility can actually increase corporate investment. Learn more

Home Bias Abroad: Domestic Industries and Foreign Portfolio Choice

�㽶��Ƶ — Wed, 11 Oct 2017 19:24:49 +0000

Authors: David Schumacher

Publication: Review of Financial Studies, Forthcoming

Abstract:

Congratulations to Assistant Professor David Schumacher of Finance on receiving NFA 2016 Best Paper Award on ETFs in Asset Management

�㽶��Ƶ — Thu, 06 Oct 2016 17:58:49 +0000

Congratulations to Assistant Professor David Schumacher of Finance on receiving NFA 2016 Best Paper Award on ETFs in Asset Management for "Who is afraid of BlackRock?".

Authors: Schumacher, D., Wang, Y., Massa, M.

Publication: Social Science Research Network

Abstract:

Outsourcing in the International Mutual Fund Industry: An Equilibrium View

�㽶��Ƶ — Tue, 15 Sep 2015 14:52:04 +0000

Authors: Chuprinin, O., Massa, M., and Schumacher, D.

Publications: Journal of Finance, Vol. 70, No. 5, 2015

Are Investors for Sale? Evidence from Financial Mergers

�㽶��Ƶ — Thu, 13 Aug 2015 15:49:41 +0000

Authors: Luo, M., Manconi, A., and Schumacher, D.

Who Is Afraid of BlackRock?

�㽶��Ƶ — Wed, 12 Aug 2015 17:12:33 +0000

Authors: Massa, M., Schumacher, D., and Wang, Y.

Outsourcing in the International Mutual Fund Industry: An Equilibrium View

�㽶��Ƶ — Fri, 23 Jan 2015 20:28:51 +0000

Authors: Oleg Chuprinin (University of New South Wales), Massimo Massa (INSEAD), David Schumacher (McGill)

Journal: The Journal of Finance, forthcoming

Abstract:

We study outsourcing relationships among international asset management firms. We

find that in companies that manage both outsourced and inhouse funds, inhouse funds

outperform outsourced funds by 0.85% annually (57% of the expense ratio). We attribute