HEC Montréal receives four million dollars
for the creation of a research center on e-finance

A research team from HEC Montréal grouped around Michèle Breton and Georges Dionne received three million dollars from the Social Sciences and Humanities Research Council of Canada for the creation of a multidisciplinary and multi-university research center whose research activities will be devoted to the various facets of the new financial economy (e-finance). Private and public partners complete the financing by injecting one million dollars. The other participant universities are Concordia, York, Toronto, Paris IX, Paris X and Tilburg. The main partners are National Bank of Canada, CIBC, CGI, La Caisse de dépôt et placement du Québec, and IFM2.

The team having prepared the project is composed of financiers, economists, computer experts, accountants, mathematicians, and statisticians. The team’s activities will focus on understanding the issues of the new economy and the management of private and public firms and organizations involved in the new financial economy. To be specific, the members of the team will undertake detailed studies on the economic, technological, and financial effects of the new financial economy. They will analyze the impact of e-finance on the effectiveness with which firms and organizations manage private and social risks. They will also study the employment and financial–innovation resources that financial institutions need to manage risks and they will look into the effects of e-finance on their technological and security needs. The researchers on the team will be very involved in the training of skillful managers capable of meeting all the growing challenges of the new financial economy.

A document presenting the research projects and the researcher involved is available:

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