Jakub Hajda

Assistant Professor, Department of Finance

Contact information

HEC Montréal
3000, chemin de la Côte-Sainte-Catherine
Montréal (Québec)
Canada H3T 2A7

Email : [email protected]
Phone : 514 340-6755
Secretary: 514 340-6823
Fax : n/a
Office : 4.104

Other title(s)

Forthcoming�

Education

Ph. D. (Finance), University of Lausanne
M. Sc. (Quantitative Finance and Actuarial Sciences), Tilburg University
B. Sc. (Quantitative Methods in Economics), Warsaw School of Economics

Expertise

Corporate finance
Product market competition
Innovation and investment decisions of firms
Capital structure

Current research

Forthcoming

This publication selection covers the last five years.

Journal articles (3)

GEELEN, Thomas, HAJDA, Jakub, MORELLEC, Erwan, WINEGAR, Adam; « Asset life, leverage, and debt maturity matching », Journal of Financial Economics, vol. 154, 2024, p. 1-22.

GEELEN, Thomas, HAJDA, Jakub, MORELLEC, Erwan; « Can Corporate Debt Foster Innovation and Growth? », The Review of Financial Studies, vol. 35, no 9, 2022, p. 4152-4200.

HAJDA, Jakub, NIKOLOV, Boris; « Product market strategy and corporate policies », Journal of Financial Economics, vol. 146, no 3, 2022, p. 932-964.

This award and honor selection covers the last five years.

MORELLEC, Erwan, GEELEN, Thomas, HAJDA, Jakub, WINEGAR, Adam
Best Paper Award, Best conference paper award for the article "Financing Cycles" at the 38th annual conference of the French Finance Association (AFFI) in Saint-Malo, May 23-25, 2022. , AFFI, 2022

This selection of supervision activities covers the last five years.

Master's thesis direction – MSc in Management (5)

Green Discounts and Greenwashing in the U.S. Corporate Market , by Lei Ba
October 2025

The Impact of the Environmental Score on Systemic Risk in the Banking Industry, post COP21, by Norman Viron
September 2025

Strategic Patent Pledging: The Role of Patent Centrality in Innovation Collateralization, by Thao Nguyen Hoang
January 2025

The Cost of Pollution: Investigating the Effect of Firms' Pollution on Financing Decisions, by Ali Bolkhari Ghahi
January 2024

Financing Stagnating Firms : Technological Obsolescence as Asymmetric Information in Market Timing, by Alessandro Tiberio
November 2023

Supervised project supervision – MSc in Management (37)

Capital Structure Patterns Around CEO Turnover , by Charles Bisson
December 2025

Work-from-Home Exposure and Firm Investment: A Differences-in-Differences Analysis , by Gabriel Castiello
October 2025

Regulatory Shockwaves: The Impact of Bitcoin Spot ETF Approval on Cross-Asset Market Dynamics , by Shima Hamidian
September 2025

Does Lower Leverage Lead to Higher Forward Beta for Banks? , by Mohammed Faiz Ansari
September 2025

The Impact of the SEC Climate Disclosure Rule on Corporate Investment, Leverage, and Risk: A Difference-in-Differences Approach , by Ayjamal Kor
September 2025

Portfolio Optimization Using Reinforcement Learning: A Comparative Study on the Canadian Stock Market , by Seyed Mohammad Mohammadi
September 2025

Can Payout Reduction Be a Source of Funds During the 2020 Pandemic Crisis? , by Yingshi Lin
September 2025

Décisions d'entreprise en période d'incertitude politique : une étude d'événements autour des élections présidentielles américaines , by Mathieu Pilon
September 2025

The Dynamics of Leverage and Investment: Empirical Evidence and Macroeconomic Interactions in Canada , by Nicolas Bellemare
September 2025

Mergers and Acquisitions in the U.S. Market: A Long-Term Analysis of Abnormal Returns and Financial Determinants , by Dilbag Singh Dhanjoo
September 2025

Réforme fiscale et politiques de distribution : l'impact de la TCJA sur les entreprises américaines , by Philippe Gervais
September 2025

Gestion factorielle et risque systémique : étude du facteur momentum dans les marchés globaux , by Romain Rossi
September 2025

M&A Deal Characteristics: The Effects on Short-Term Stock Performance Upon Announcement , by Lucas Ricciardi
September 2025

Sensibilité des REITs aux taux d'intérêt à travers les régimes monétaires: une analyse sur la période 1989-2024 , by Antoine Hamasaki-Bélanger
September 2025

Analyse sectorielle de l'évolution du levier financier des entreprises américaines : effets des cycles économiques et des dynamiques de l'emploi , by Émile Nantel
September 2025

Évaluation de l'impact de la concurrence sur le coût de la dette. , by Hanane Hammioui
March 2025

The Incidence and Determinants of Zero-Leverage Firms , by Cheikh Dieye
March 2025

CEO Tenure and Stock Volatility: Market Sentiments and Industry Impact Post-Financial Crisis , by Tejas Bajaj
January 2025

Assessing the Effectiveness and Limitations of Value at Risk (VaR) as a Risk Management Tool and Explore Alternative Risk Measurement Methods and Models , by Sarbaz Hussain
October 2024

Corporate Governance and Financial Resilience During Crises: From the 2007-2008 Financial Crisis to COVID-19 , by Peijie Yu
September 2024

Enhancing Operational Efficiency through Integrated Reporting and Process Improvement , by Danni Weng
September 2024

Assessing the Impact of Disaggregated ESG Ratings on Market, Idiosyncratic, and Total Risk in the Indian Stock Market: an Extension of German Market Research , by Srishti Bahl
September 2024

Impact of CEO's Personal Characteristics on Investment Decisions , by Nagish Bansal
September 2024

Managerial Overconfidence in M&As: the Case of Twitter , by Nasim Siami
March 2024

Prediction of Post-cert Engine Program Cost in an Aircraft Engine Manufacturing Corporation Based on VAR Model , by Xiaorui Cai
March 2024

The CEO Effect: Power, Pay and Performance in Mergers and Acquisitions , by Muhtasim Shobael
October 2023

Predicting Stock Price Movements Using a LASSO-LSTM Model , by Vaibhav Arora
October 2023

Do Canadian General Elections and Election-Related Elements Have an Impact on Canadian Markets? , by Martin Fabian Moreno Bernal
August 2023

Does Debt Maturity Affect Firms' Pollution Releases? , by Fanglin Fei
August 2023

Information Asymmetry in LBOs: Strategic Investment Shifts by Acquirers , by Anthony Marabella
August 2023

Climate Stress Testing for Canadian Banks , by Ernalda Allushaj
August 2023

The Evolution of Corporate Capital Structure: Can Lasso Help Better Identify Capital Structure Determinants? , by Luca Uricchio
August 2023

Research on the Valuation of an Aerospace Company Based on Monte Carlo Simulation , by Runan Cao
August 2023

Inflation Effect on Corporate Capital Investment - a Replication Study , by Mirisha Suchde
August 2023

What are the Determinants of Corporate Debt Maturity? , by Alexis Pinsonneault
March 2023

The short-term impact of COVID - 19 pandemic on North America M&A Activities , by Linh Luong
March 2023

Comparative Analysis of SPACs and IPOs With Respect To Firm Quality and Abnormal Returns , by Laurent Fortier
November 2022

Winter 2026

FINA 60222A

Corporate Finance

FINA 60223A

Applied Corporate Finance

Fall 2025

FINA 60223

Finance d'entreprise appliquée

FINA 60222A

Corporate Finance

Winter 2025

FINA 60222A

Corporate Finance

FINA 60223A

Applied corporate finance

Fall 2024

FINA 60223

Finance d'entreprise appliquée

FINA 60222A

Corporate Finance

Winter 2024

FINA 60222A

Corporate Finance

FINA 60223A

Applied corporate finance