Department of Research

UNIVERSITY OF TORONTO

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Varouj A. Aivazian
Professor
Varouj A. Aivazian
varouj.aivazian@utoronto.ca
personal website
Employment in the Department
1988 –  
Professor
1981 – 1988
Associate Professor
Education
1975
Ph.D. Ohio State
1973
M.A. Ohio State
1968
B.S. MIT
Research Fields
Financial economics, Law and economics
Selected Publications
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Some Fallacies in Corporate Finance: A Coaseian Perspective

Journal of Law, Finance, and Accounting, 2024
Varouj A. Aivazian and Jeffrey Callen

The Coase Theorem and The Empty Core: Inspecting the Entrails After Four Decades

International Review of Law and Economics, 2023
Varouj A. Aivazian and Jeffrey Callen

Does Corporate Diversification Provide Insurance Against Economic Disruptions?

Journal of Business Research, 2019
Varouj A. Aivazian, Mohammad Rahaman, Simiao Zhou

The Coase Theorem and the Theory of the Core

Springer, 2019
Varouj A. Aivazian and Jeffrey Callen

Political Uncertainty and the Timing of Mass Layoffs

Production and Operations Management, forthcoming
Varouj A. Aivazian, Tzu-Ting Chiu, Miguel Minutti-Meza, Dushyantkumar Vyas

Honors and Awards
2011
Best paper in Corporate Finance, Financial Management Association Annual Meeting, (with , with M. Rahaman and L. Sun), “Financial Shocks and Firm Performance: Evidence from Systemic Banking Crises”
1999
Best Paper in Corporate Finance,Southern Finance Association Meetings,for paper (with L. Booth, V. Maksimovic and A. Demirguc-Kunt), entitled "Capital Structures in Developing Countries"
1991
Best Paper in Corporate Finance,Northern Finance Association Meetings,for paper (with M. Berkowitz), "Production Flexibility and Corporate Capital Structure"
Contact us

Department of Economics
University of Toronto
Max Gluskin House
150 St. George Street
Toronto, Ontario M5S 3G7, Canada
(416) 978-4622