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Saurin Patel

Associate Professor, Finance

Saurin Patel

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  • Empirical Asset Pricing
  • Mutual Funds & Hedge Funds
  • Organizational Structure
  • Behavioural & Forensic Finance

Research Publications

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Saurin joined the Finance group at the Ivey Business School in July 2013. He received his PhD in Finance from the Desautels Faculty of Management, McGill University.
Saurin's research interests broadly lie in the general areas of empirical asset pricing, investments, behavioural and forensic finance. His recent work focuses on the impact of managerial structure on performance and likelihood of deceptive behaviour in the mutual fund industry setting. Saurin has taught Investments and Portfolio Management at McGill, for which he received an Excellence in Teaching Award in 2010.


  • Core Finance-HBA1, Portfolio and Investment Management, Risk Management


  • PhD, McGill University, Canada
  • MA (Economics) Concordia University, Canada
  • MA (Econometrics) M.S. University, India

Recent Refereed Articles

  • Doshi, H.; Patel, S.; Ramani, S.; Sooy, M., 2023, "Uncertain tone, asset volatility and credit default swap spreads", Journal of Contemporary Accounting & Economics, December 19(3): 100380 - 100380.
  • Li, Z. F.; Patel, S.; Ramani, S., 2021, "The Role of Mutual Funds in Corporate Social Responsibility", Journal of Business Ethics, December 174(3): 715 - 737.
  • Patel, S.; Sarkissian, S., 2021, "Portfolio Pumping and Managerial Structure", The Review of Financial Studies, January 34(1): 194 - 226.
  • Patel, S.; Karoui, A., 2020, "What drives Active Share? Active Stock Selection or Active Stock Weights", Journal of Investment Management, March 18(4)
  • Champagne, C.; Karoui, A.; Patel, S., 2019, "Portfolio turnover activity and mutual fund performance", Managerial Finance, March 44(3): 326 - 356.
  • Col, B.; Patel, S., 2019, "Going to Haven? Corporate Social Responsibility and Tax Avoidance", Journal of Business Ethics, February 154(4): 1033 - 1050.
  • Patel, S.; Sarkissian, S., 2017, "To Group or Not To Group? Evidence from Mutual Funds", Journal of Financial and Quantitative Analysis, October 52(5): 1989 - 2021.

For more publications please see our Research Database

Work in Progress

  • To Group or Not to Group? Evidence from Mutual Funds (with Sergei Sarkissian)
  • Deception and Managerial Structure: A Joint Study of Portfolio Pumping and Window Dressing Practices (with Sergei Sarkissian)
  • Economic Optimism, Information Uncertainty and Future Investment Decisions: Evidence from the Mutual Fund Industry

Honours & Awards

  • National Bank Financial Group PhD Fellowship, 2011-2012
  • Walter John Stenason PhD Fellowship, 2010-2011
  • American Finance Association (AFA) Travel Grant, Denver Meeting, 2011
  • Excellence in Teaching Award, McGill University, 2010
  • FQRSC Doctoral Program Fellowship, 2008-2011
  • Gold Medal for Top Graduate Student, Faculty of Arts, M.S. University, 2005
  • Gold Medal for Academic Excellence, Department of Economics, M.S. University, 2005

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