Călin Vâlsan


Dr. Vâlsan is a Professor of Finance in the Williams School of Business at Bishop’s University. He earned his Bachelor of Science in Bucharest and his Ph.D. from Virginia Polytechnic Institute and State University. He teaches Corporate Finance, Corporate Governance, Capital Budgeting, Capital Markets and International Finance. During his academic career, Dr. Vâlsan held various research and teaching appointments at the Academy for Economic Studies in Bucharest, Virginia Tech in Blacksburg, York University in Toronto, Lakehead University in Thunder Bay, and University of New Brunswick in Saint John. Before earning his doctoral degree, he worked as a senior manager in charge of financial planning and operations. Dr. Vâlsan’s past research interests dealt with capital structure theory and its applications to economies in transition. He also studied the economics of art auctions, comparing auction results in Canada and the United States, and clarifying the relationship between pre-auction estimates and realized hammer prices.

Currently, Dr. Vâlsan researches corporate governance. More specifically, he is investigating the ownership of the publicly held Canadian corporation listed on the Toronto Stock Exchange. Since corporate ownership in Canada is more concentrated that in the United States, his research will hopefully shed more light on the relationship between ownership entrenchment and operating efficiency.