MS1 en-us
MS2 Professor (m)
MS3 Professor (m)
MS4 Professor
MS2 Professor (m)
MS3 Professor (m)
MS4 Professor
Martin Boyer
Professor, Department of Finance
Contact information
HEC Montréal3000, chemin de la Côte-Sainte-Catherine
Montréal (Québec)
Canada H3T 2A7
Email : [email protected]
Phone : 514 340-6704
Secretary: 514 340-6823
Fax : n/a
Office : 4.217
Personal page
Education
- M. Sc. (économie), Université de Montréal
- M.A. (Applied Economics and Managerial Science), Wharton
- Ph.D. (Risk Management and Insurance), Wharton
Expertise
- Insurance
- Risk Management
- Consumer Behaviour in the Face of Uncertainty
- Information Management
- Corporate Finance
This publication selection covers the last five years.
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Journal articles (16)
BOYER, Martin, BOYER, Thomas, SANFORD, Anthony;
« Portfolio Size, Portfolio Composition, and the Skewness of Returns »,
Journal of Banking & Finance, 2027 (status : accepted).
BOYER, Martin et al.;
« Prevention when losses are interdependent and claims are costly monitored: An application to cyber risks »,
Geneva Risk and Insurance Review, 2027 (status : accepted).
BOYER, Martin;
« The Economics of Cyber Risk Management and Insurance for Small Businesses »,
The Geneva Papers on Risk and Insurance : Issues and Practice, 2027 (status : accepted).
BOYER, Martin;
« The Impact of Improved Information Gathering Processes on the Organizational Form and Growth of Insurers »,
Risk Management and Insurance Review, 2027 (status : accepted).
BOYER, Martin;
« The Litigation Cost of Cross-Listing Into the United States »,
Corporate Governance: An International Review, vol. 33, no 3, 2025, p. 436-461.
LU, Hao (Leo), BOYER, Martin, KLEFFNER, Anne;
« Corporate Social Responsibility and Directors’ and Officers’ Liability Risk: The Moderating Effect of Risk Environment and Growth Potential »,
Business & Society, vol. 63, no 3, 2024, p. 668-711.
BOYER, Martin, DE DONDER, Philippe, FLUET, Claude-Denys, LEROUX, Marie-Louise, MICHAUD, Pierre-Carl;
« La mauvaise perception des risques de longévité et de dépendance ne suffit pas à expliquer la faiblesse du marché de l'assurance dépendance (au Canada) »,
Revue d'économie financière, 2024, p. 185-201.
BOYER, Martin, ELING, Martin;
« New advances on cyber risk and cyber insurance »,
The Geneva Papers on Risk and Insurance : Issues and Practice, vol. 48, no 2, 2023, p. 267-274.
BOYER, Martin, D'ASTOUS, Philippe;
« Tax compliance and firm response to electronic sales monitoring »,
Canadian Journal of Economics - Revue canadienne d'économique, vol. 56, no 4, 2023, p. 1430-1468.
TAHIR, Samya, NAZIR, Sajid, JIBRAN QAMAR, Muhammad Ali, BOYER, Martin;
« Ineffective implementation of corporate governance? A call for greater transparency to reduce agency cost »,
Managerial and Decision Economics, vol. 43, no 5, 2022, p. 1528-1547.
BOYER, Martin, D'ASTOUS, Philippe, MICHAUD, Pierre-Carl;
« Tax-Preferred Savings Vehicles: Can Financial Education Improve Asset Location Decisions? »,
The Review of Economics and Statistics, vol. 104, no 3, 2022, p. 541-556.
BOYER, Martin, GLENZER, Franca;
« Pensions, annuities, and long-term care insurance: on the impact of risk screening »,
Geneva Risk and Insurance Review, vol. 46, no 2, 2021, p. 133-174.
BOYER, Martin, DUMONT, Laurence, MARTIN, Jérôme, LÉGER, Pierre-Majorique;
« Why Would Overconfidence Generate Lower Performance? Insights from an Experimental Study »,
The International Review of Financial Consumers, vol. 5, no 2, 2020, p. 33-46.
BOYER, Martin;
« Cyber insurance demand, supply, contracts and cases »,
The Geneva Papers on Risk and Insurance : Issues and Practice, vol. 45, no 4, 2020, p. 559-563.
BOYER, Martin, DE DONDER, Philippe, FLUET, Claude-Denys, LEROUX, Marie-Louise, MICHAUD, Pierre-Carl;
« Long-Term Care Insurance: Information Frictions and Selection »,
American Economic Journal: Economic Policy, vol. 12, no 3, 2020, p. 134-169.
BOYER, Martin, BOX-COUILLARD, Sébastien, MICHAUD, Pierre-Carl;
« Demand for annuities: Price sensitivity, risk perceptions, and knowledge »,
Journal of Economic Behavior & Organization, vol. 180, 2020, p. 883-902.
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Book chapters (1)
BOYER, Martin, BRETON, Michèle, FRANÇOIS, Pascal;
« Designing Insurance Against Extreme Weather Risk: The Case of HuRLOs »,
Ecological, Societal, and Technological Risks and the Financial Sector, Palgrave Macmillan, 2020, p. 91-122.
This award and honor selection covers the last five years.
BOYER, Martin
President's Award, American Risk and Insurance Association, Prix pour la contribution exemplaire à l'avancement de l'Association. The President’s Award was initiated in 1994 by then-President Dr. Harold Skipper of Georgia State University. The stated intention was to recognize an individual’s distinguished, sustained, and significant service contributions to ARIA, service that otherwise might go unrecognized., American Risk and Insurance Association, 2025
President's Award, American Risk and Insurance Association, Prix pour la contribution exemplaire à l'avancement de l'Association. The President’s Award was initiated in 1994 by then-President Dr. Harold Skipper of Georgia State University. The stated intention was to recognize an individual’s distinguished, sustained, and significant service contributions to ARIA, service that otherwise might go unrecognized., American Risk and Insurance Association, 2025
This selection of supervision activities covers the last five years.
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Master's thesis direction – MSc in Management (9)
Les catastrophes naturelles ont-elles un impact sur les courus discrétionnaires ?, by Yacine Ndiaye
September 2025
September 2025
Impact de la Fréquence des Nouvelles sur la Distribution des Rendements Boursiers (Skewness, Kurtosis, Volatilité, Rendement Moyen Arithmétique), by Kevin-Christopher Tiacoh
September 2025
September 2025
Les sanctions des cartels en Amérique du Nord sont-elles biaisées?, by Paule Tétreault-Langlois
March 2023
March 2023
In codirection with : LÉGER, Pierre-Majorique
Determinants of decision-making when predicting the outcome of charts, by Alexandre Cyr
November 2022
Determinants of decision-making when predicting the outcome of charts, by Alexandre Cyr
November 2022
In codirection with : DORION, Christian
Diversification Benefits of Real Estate. A Performance and Portfolio Integration Impact Analysis from a Canadian Pension Fund Perspective, by Yann Zaccour
May 2022
Diversification Benefits of Real Estate. A Performance and Portfolio Integration Impact Analysis from a Canadian Pension Fund Perspective, by Yann Zaccour
May 2022
The effect of risk hedging on capital structure, by Jiayu Li
September 2021
September 2021
Palmer's Z-Index as an underlying index for a weather- based crop insurance policy: Saskatchewan study case, by Pierre-Luc Gilbert
September 2021
September 2021
In codirection with : DORION, Christian
Options in Asset Liability Management: Profit-Seeking Optimization, by Matthew Jurga
September 2021
Options in Asset Liability Management: Profit-Seeking Optimization, by Matthew Jurga
September 2021
L'impact des catastrophes naturelles sur l'activité économique : le rôle de l'assurance dans le renforcement de la résilience, by Guillaume Martel
May 2021
May 2021
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Supervised project supervision – MSc in Management (29)
Les risques contextuels associés à l'internationalisation des entreprises , by Moya Kouame
March 2025
March 2025
Impact of Material Environment News on the Firm's Structural Volatility and Trading Volume , by Michaël Gagné-Guay
March 2025
March 2025
L'intensité carbone, un facteur d'investissement? , by Grégoire Girault
January 2025
January 2025
Le pouvoir prédictif du Near-Term Forward Spread sur la transition vers une récession américaine , by Simon Fitzgerald-Carrier
January 2025
January 2025
Development of a Reverse Tax Refund System Linked to European Agricultural Subsidies in Dandurand Group , by Melina Belen Baceski
March 2024
March 2024
Les déterminants du prix des obligations catastrophes , by Yao Charles-Cédric Appessika
March 2024
March 2024
Analyse et optimisation d'un portefeuille en fonds privé , by Alycia Brodeur-Charron
January 2024
January 2024
Caractéristiques et application de l'investissement factoriel , by Jiwen Wan
October 2023
October 2023
Quantifying the Carbon Footprint of iA Investment Management's General Funds , by Youness Mankari
August 2023
August 2023
Réaction du marché envers les employés et les entreprises qui commettent de la corruption dans les pays étrangers (FCPA) , by Benjamin Larue
August 2023
August 2023
Les systèmes de retraite en Afrique subsaharienne , by Thomas Boudard
August 2023
August 2023
Le risque de liquidité et revue de la méthodologie utilisée afin de calculer la valeur à risque d'un portefeuille illiquide d'un fonds de pension canadien , by Antoine Dubois
January 2023
January 2023
In codirection with : DORION, Christian
Explanatory Power of Non-Securitized Real Estate on REIT Returns in Canada , by Philippe Kékesi-Lafrance
November 2022
Explanatory Power of Non-Securitized Real Estate on REIT Returns in Canada , by Philippe Kékesi-Lafrance
November 2022
Les régimes de retraite canadiens à prestations déterminées; modélisation du risque , by Audrey Beaudoin
August 2022
August 2022
Analyse de la diversité chez les gestionnaires externes de la Caisse de dépôt et placement du Québec (CDPQ) , by Valerie Beassoum Kouanodji
May 2022
May 2022
La décision d'investissement chez Desjardins Gestion internationale d'actifs , by Frederique Bernier-Côté
November 2021
November 2021
Impact de l'intercotation des entreprises canadiennes aux États-Unis sur les primes et couvertures d'assurance des administrateurs et des directeurs , by Olivier St-Louis-Chevalier
September 2021
September 2021
Cat Bonds Risk Premium Puzzle , by Roby Simard
September 2021
September 2021
Roll rate forecast with macroeconomic variables as predictors , by Daly Hugens Lagrenade
May 2021
May 2021
L'effet de l'intercotation aux États-Unis des entreprises canadiennes sur le risque de litiges : Basée sur les primes et couvertures d'assurance des administrateurs et directeurs , by Charles-Alexandre Proteau-Gilbert
May 2021
May 2021
Impact de la crise financière de 2008 sur l'allocation d'actifs des compagnies d'assurance-vie au Canada , by Samuel Laliberté
March 2021
March 2021
Creating a reinsurance market simulation application , by Jeffrey Dugas
March 2021
March 2021
Comparaison entre les marchés des mises et prises en pension européen et américain , by Anne Bouchard Duchesneau
March 2021
March 2021
Prédiction des faillites d'entreprises dans l'industrie de la vente au détail , by Christophe Darroy
March 2021
March 2021
L'analyse technique et sa capacité à générer un rendement excédentaire : applications sur le marché des capitaux américain , by Félix Leblanc
March 2021
March 2021
Cartels et les rendements boursiers: l'impact d'une enquête avec une optique américaine , by Jordan Bissonnette
March 2021
March 2021
Déterminants des obligations catastrophes : impact sur la performance des réassureurs , by Gabriel Brouillard
January 2021
January 2021
Impact de la Taxe sur la Valeur Ajoutée sur la Structure de Capital des compagnies publiques européennes , by Christophe Beaudoin-Lacoste
November 2020
November 2020
Analyse empirique de l'impact des décisions de production de l'OPEP sur les écarts de crédit des dettes publiques des compagnies pétrolières canadiennes , by Félix Jarry
November 2020
November 2020
Winter 2025
FINA 60204
Fall 2024
FINA 60204A
FINA 60204