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Marie-Claude Beaulieu

Marie-Claude
Beaulieu

Full Professor
Chairholder, Chaire RBC en innovations financières

Department of Finance, Insurance and Real Estate
FSA ULaval
Pavillon Palasis-Prince
Local 3630

Education

  • Doctorate in management (finance, economics) (Ph. D.), Queen's University
  • Maîtrise en économie / théorie monétaire (M.A.), Queen's University
  • Bachelor in economics (B.A.), Université de Sherbrooke

Publications

Articles

  • Beaulieu, M.-C., Gagnon, M.-H., & Gimet, C. (2026). Does financial and social fragmentation matter for European gravity models?. Review of World Economics. DOI : 10.1007/s10290-025-00627-y
  • Beaulieu, M.-C., Dufour, J.-M., Khalaf, L., & Melin, O. (2023). Identification-robust beta pricing, spanning, mimicking portfolios, and the benchmark neutrality of catastrophe bonds. Journal of Econometrics, 236(1), 105464. DOI : 10.1016/j.jeconom.2023.04.008
  • Beaulieu, M.-C., Khalaf, L., Kichian, M., & Melin, O. (2022). Finite sample inference in multivariate instrumental regressions with an application to Catastrophe bonds. Econometric Reviews, 41(10), 1205-1242. DOI : 10.1080/07474938.2022.2114625
  • Beaulieu, M.-C., & Bouden, H. M. (2020). Does idiosyncratic risk matter in IPO long-run performance?. Review of Quantitative Finance and Accounting, 55(3), 935-981. DOI : 10.1007/s11156-019-00864-x
  • Beaulieu, M.-C., & Mrissa Bouden, H. (2018). The Impact of Fims' Aggregate Risk on Long-Run Performance: IPO Versus Matched Non-IPO equities. The Business Review, Cambridge, 26(1).
  • Beaulieu, M.-C. (2017). Le Prix du Risque. L'Actualité économique, 93(4), 477-495.
  • Beaulieu, M.-C., Gagnon, M.-H., & Khalaf, L. (2016). Less Is More: Testing Financial Integration Using Identification-Robust Asset Pricing Models. Journal of International Financial Markets, Institutions & Money, 45, 171-190. DOI : 10.1016/j.intfin.2016.07.007
  • Beaulieu, M.-C., Carrier, S., & Guimond, J.-F. (2015). Liquidité du marché des actions et rendements des fonds mutuels en temps de crise : évidence canadienne. L'Actualité économique, 91(4), 399-420.
  • Beaulieu, M.-C., Dufour, J. M., Khalaf, L., & Mackinlay, A. C. (2015). Editors' Introduction: Identification, Simulation and Finite-Sample Inference. L'Actualité économique, 91(1-2), 5-10. DOI : 10.7202/1036911ar
  • Beaulieu, M.-C., Dufour, J. M., & Khalaf, L. (2015). Identification-Robust Factor Pricing: Canadian Evidence. L'Actualité économique, 91(1-2), 235-252. DOI : 10.7202/1036920ar
  • Beaulieu, M.-C., & Mrissa Bouden, H. (2015). Firm-Specific Risk and IPO Market Cycles. Applied Economics, 47(50), 5354-5377. DOI : 10.1080/00036846.2015.1047091
  • Beaulieu, M.-C., & Bouden, H. M. (2015). Issuing Firm Valuation pre- and post-IPO: Which Risk Component Matters?. The Business Review, Cambridge, 23(1), 233-241. http://www.jaabc.com/brcv23n1preview.html
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2002). Testing mean-variance efficiency in capm with possibly non-gaussian errors: an exact simulation-based approach. SSRN Electronic Journal. DOI : 10.2139/ssrn.2785166

Communications in a Conference with Proceedings

  • Beaulieu, M.-C. (2017). Le prix du risque : Évidence à partir d’une approche robuste à l’identification. Société canadienne de science économique 2017, Ottawa, Canada.

Communications in a Conference Without Proceedings

  • Gagnon, M.-H., Beaulieu, M.-C., & Gimet, C. (2023). Gravity models and inequalities. Society for Economic Measurement (SEM), Milan, Italy.
  • Beaulieu, M.-C., Khalaf, L., Kichian, M., & Melin, O. (2019). Endogeneity in empirical risk analysis: Multivariate finite sample inference on catastrophe bond mutual funds. New York Camp Econometrics XIII, Saratoga Springs, article présenté par Lynda Khalaf, New York, United States of America.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2018). Weak beta, strong beta: multi-factor pricing and rank restrictions. Canadian Economics Association, article présenté par Lynda Khalaf, Montréal, Canada.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2018). Weak beta, strong beta: multi-factor pricing and rank restrictions. Société canadienne de science économique, article présenté par Lynda Khalaf, Montréal, Canada.
  • Beaulieu, M.-C., Djelassi, M., & Grégoire, S. (2018). Crowdfunding and community. Version préliminaire présentée au 58e congrès annuel de la SCSE (Société Canadienne de Science Économique), Montréal, Canada.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2018). Weak beta, strong beta: multi-factor pricing and rank restrictions. 2018 Conference on Identification in Econometrics, Vanderbilt University, article présenté par Lynda Khalaf, Tennessee, United States of America.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2018). Weak beta, strong beta: multi-factor pricing and rank restrictions. New York Camp Econometrics XIII, Saratoga Springs, article présenté par Lynda Khalaf, New York, United States of America.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2018). Weak beta, strong beta: multi-factor pricing and rank restrictions. Financial Econometrics and Risk Management Conference, article présenté par Lynda Khalaf, Ontario, Canada.
  • Beaulieu, M.-C., & Mrissa Bouden, H. (2017). Why new issues are mispriced from pre- to post-IPO stages?. 2016 Fourth TSFS Finance Conference, article présenté par Habiba Mrissa Bouden, Sousse, Tunisia.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2017). Weak beta, strong beta: multi-factor pricing and rank restrictions. 2017 Canadian Econometric Study Group, York University, article présenté en session plénière par Lynda Khalaf, Toronto, United States of America.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2017). Weak beta, strong beta: multi-factor pricing and rank restrictions. 4èmes Journées d'Econométrie de la Finance, article présenté en session plénière par Jean-Marie Dufour, Rabat, Morocco.
  • Beaulieu, M.-C., & Mrissa Bouden, H. (2016). How Does Risk Affect IPOs' versus Non-IPOs' Long-Run Performance?. 4th TSFS Finance Conference, article présenté par Habiba Mrissa Bouden, Sousse, Tunisia.
  • Beaulieu, M.-C., Khalaf, L., & Melin, O. (2016). Do Catastrophe Bond Mutual Funds Constitute Zero-Beta Investments?: Identification-Robust Evidence. Annual Congress of the Canadian Economics Association, article présenté par Olena Melin, Ottawa, Canada.
  • Beaulieu, M.-C., Khalaf, L., & Melin, O. (2016). Do Catastrophe Bond Mutual Funds Constitute Zero-Beta Investments?: Identification-Robust Evidence. Annual Conference of the International Association for Applied , article présenté par Olena MelinEconometrics, Milano, Italy.
  • Beaulieu, M.-C., Dufour, J.-M., & Khalaf, L. (2016). Covariance Invariance Results for HAC Robust Tests in Multiple Equation Models. CIREQ Econometrics Conference in Honor of Jean-Marie Dufour, article présenté par Lynda Khalaf, Montréal, Canada.
  • Beaulieu, M.-C. (2016). Do Catastrophe Bonds Mutual Funds Constitute Zero-Beta Investments?: Identification-Robust Evidence. Banque du Canada, Ottawa, Canada.
  • Beaulieu, M.-C., Khalaf, L., & Saunders, C. (2015). Dynamic Panel Analysis of Market Debt Ratios. 9th International Conference on Computational and Financial Econometrics (CFE 2015), article présenté par Charles Saunders, London, United Kingdom.
  • Beaulieu, M.-C. (2015). Weak Beta, Strong Beta: Factor Proliferation and Rank Restrictions. Department of Accounting and Finance, Notre Dame University, Lebanon.
  • Beaulieu, M.-C. (2015). Weak Beta, Strong Beta: Factor Proliferation and Rank Restrictions. Institute of Financial Economics, Beirut, Lebanon.
  • Beaulieu, M.-C., & Gagnon, M.-H. (2015). Less Is More: Evidence From International Asset Pricing Models. 26th Annual Conference of the Northern Finance Association, Ottawa, Canada.
  • Beaulieu, M.-C. (2015). Weak Beta, Strong Beta: Factor Proliferation and Rank Restrictions. Leverhulme Lecture - City University of London, London, United Kingdom.
  • Beaulieu, M.-C., & Mrissa Bouden, H. (2015). Issuing Firm Valuations Pre- and Post-IPO: Which Risk Component Matters?. The Economics, Finance, Accounting & Management Research Conference, article présenté par Habiba Mrissa Bouden, Honolulu, United States of America.
  • Beaulieu, M.-C., & Mrissa Bouden, H. (2015). Issuing Firm Valuations Pre- and Post-IPO: Which Risk Component Matters?. International Trade and Finance Association's Silver Jubilee Conference, article présenté par Habiba Mrissa Bouden, Sarasota, United States of America.

Working Papers

  • Gagnon, M.-H., Beaulieu, M.-C., & Khalaf, L. (2016). Conditioning information and asset pricing anomalies in multivariate tests of financial integration.

Miscellaneous

  • Beaulieu, M.-C., & Valéry, P. (2016). En mémoire de Jean-Claude Cosset (1945-2016). L'Actualité économique.

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