Michael King

Associate Professor; Lansdowne Chair in Finance

Contact:

Office: BEC 246 michaelking@uvic.ca 250-721-6425

Credentials:

BCom, Queen's University; MSc, London School of Economics; PhD, London School of Economics

Area of expertise:

Banking and capital markets, FinTech, international financial markets, corporate finance, climate finance

Related Links:

• Google Scholar
• ORCID

Linkedin

Biography

Dr. Michael R. King joined the Gustavson School of Business at the University of Victoria in July 2019. Prior to UVic, Michael was at Ivey Business School (2011-2019), where he held the Tangerine Chair in Finance and co-founded the Scotiabank Digital Banking Lab—Canada’s first FinTech research centre. He is the co-author of The Technological Revolution in Financial Services: How Banks, Fintechs and Customers Win Together (with Richard W. Nesbitt). Michael is working on a 3-year project with BCI and PICS on “Climate Finance: Integrating Climate Change Mitigation and Adaptation Considerations into Investment Decisions”. 

Before moving to academia, Michael spent 2 decades working in investment banking (1990-1998) and central banking (2001-2011) in New York, London, Zurich, Ottawa and Basel. Michael completed his PhD at the London School of Economics in 2001 and his CFA designation in 1999. He has taught finance to undergraduates, MBAs and executives. His research focuses on climate finance, FinTech, banking, international finance and corporate finance.

Selected publications

Books

King, M. R. (2023) Fintech Explained: How Technology is Transforming Financial Services, University of Toronto Press. https://utorontopress.com/9781487544119/fintech-explained 

King, M.R. (2020) The Competitive Threat from TechFins and BigTech in Financial Services. In M.R. King and R.W. Nesbitt (eds.), The Technological Revolution in Financial Services: How Banks and Fintech Customers Win Together, University of Toronto Press.

King, M. R., & Nesbitt, R. (2020). The Technological Revolution in Banking: How Banks and Fintech Customers Win  Together,. University of Toronto Press. https://utorontopress.com/9781487506025/the-technological-revolution-in-financial-services

Journal publications

Dunbar, C. & King, M.R. (2023) Syndicate Structure and IPO Outcomes:  The Impact of Underwriter Roles and Syndicate Concentration, Journal of Corporate Finance 79: 102382.

King, M.R., Ongena, S., & Tarashev, N. (2020) Bank Standalone Credit Ratings. International Journal of Central Banking 16: 101-144.

King, M. R. (2019). Time to buy or just buying time? Lessons from October 2008 for the cross-border bailout of banks. Journal of Financial Stability, 41, 55 – 72. https://doi.org/10.1016/j.jfs.2019.03.003

King, M. R. (2015). Political bargaining and multinational bank bailouts. Journal of International Business Studies, 46(2), 206–222. http://www.jstor.org/stable/43653852

King, M. R., Osler, C. L., & Rime, D. (2013). The market microstructure approach to foreign exchange: Looking back and looking forward. Journal of International Money and Finance, 38, 95 – 119. https://doi.org/10.1016/j.jimonfin.2013.05.004

King, M. R. (2013). The Basel III Net Stable Funding Ratio and bank net interest margins. Journal of Banking & Finance, 37(11), 4144 – 4156. https://doi.org/10.1016/j.jbankfin.2013.07.017

King, M. R., Sarno, L., & Sojli, E. (2010). Timing exchange rates using order flow: The case of the Loonie. Journal of Banking & Finance, 34(12), 2917 – 2928. https://doi.org/10.1016/j.jbankfin.2010.02.016

King, M. R. (2009). Prebid Run-Ups Ahead of Canadian Takeovers: How Big Is the Problem? Financial Management, 38(4), 699–726. https://doi.org/10.1111/j.1755-053X.2009.01053.x

King, M. R., & Maier, P. (2009). Hedge funds and financial stability: Regulating prime brokers will mitigate systemic risks. Journal of Financial Stability, 5(3), 283 – 297. https://doi.org/10.1016/j.jfs.2009.02.002

King, M. R., & Santor, E. (2008). Family values: Ownership structure, performance and capital structure of Canadian firms. Journal of Banking & Finance, 32(11), 2423 – 2432. https://doi.org/10.1016/j.jbankfin.2008.02.002

King, M. R., & Segal, D. (2008). Market segmentation and equity valuation: Comparing Canada and the United States. Journal of International Financial Markets, Institutions and Money, 18(3), 245 – 258. https://doi.org/10.1016/j.intfin.2006.10.003

King, M. R., & Segal, D. (2008). The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation. The Review of Financial Studies, 22(6), 2393–2421. https://doi.org/10.1093/rfs/hhn050

Chapter

King, M. R., Osler, C., & Rime, D. (2012). Foreign Exchange Market Structure, Players, and Evolution. In Handbook of Exchange Rates (pp. 1–44). John Wiley & Sons, Ltd. https://doi.org/10.1002/9781118445785.ch1

Awards & grants

Recognition & awards

• 2016, 2017 - Ivey Publishing Best-selling Case Award, Ivey Business School, Western University

• 2013, 2015 - HBA2 David G. Burgoyne Teaching Award

Grants

• Pacific Institute For Climate Solutions Opportunity Projects Program (2021-2023) ($180,000)