François-Éric Racicot
- Location
- DMS 7111
- Telephone
- 613-562-5800 x 4757
This email address is being protected from spambots. You need JavaScript enabled to view it. - Website
- telfer.uottawa.ca/assets/documents/2021/cv-racicot-francois-eric_complete_20210108.pdf
Biography
Professor Racicot holds bachelor’s and master’s degrees in economics from the University of Montreal, where he also completed his doctoral studies in econometrics. He then continued doctoral studies in applied economics and finance at the ESG UQAM, from which he earned a PhD in management. Professor Racicot has been teaching finance for over 20 years, and currently teaches both undergraduate and graduate level courses in quantitative finance/financial engineering and applied economics/econometrics at the Telfer School of Management.
Professor Racicot’s research has appeared in various internationally recognized finance and economics journal, such as Economics Letters, Finance (AFFI), International Journal of Finance & Economics, Journal of the American Medical Association (JAMA), and the Journal of Banking and Finance. He has also had research published in professional journals aimed at working financial practitioners, such as Journal of Asset Management, Journal of Derivatives & Hedge Funds, and the Journal of Wealth Management.
Professor Racicot has published four graduate-level textbooks with co-author Raymond Théoret (in a funded, peer-reviewed university press) on computational finance, financial engineering and applied econometrics used by both financial practitioners and universities, and also an undergraduate level one on fixed income and derivative securities. Since these books are currently warmly welcomed in both academia and in the financial industry, here’s a glance at these publications:
- Principes d’économétrie : modèles économiques, financiers et bancaires, forthcoming, 900 pages.
- Finance computationnelle et gestion des risques – Ingénierie financière avec application Excel (Visual Basic) et Matlab, Presses de l’Université du Québec.
- Le calcul numérique en finance empirique et quantitative – Ingénierie financière et Excel (Visual Basic), 2e éd., Presses de l’Université du Québec.
- The econometric analysis of hedge fund returns: An errors-in-variables perspective, Netbiblo.
- Traité de gestion de portefeuille – Titres à revenu fixe et produits dérivés (structurés), 5e éd. actualisée, Presses de l’Université du Québec.
Professor Racicot is also a member of the Groupe de recherche en finance responsable (GREFA) at the University of Sherbrooke, where he has published several working papers and was also invited to contribute to one of their publications: Éléments de la finance responsable : une perspective multidimensionnelle.
Publications during the last 7 years
Papers in Refereed Journals
- Racicot, F.E., Rentz, W.F. and Théoret, R. 2025. Is illiquidity priced in an international factor pricing model? A dynamic panel data application with robust IV. International Journal of Finance and Economics, 30(1): 282-314.
- Paquin, J.P., Racicot, F.E., Koplyay, T. and Tessier, D. 2024. Assessing the impact of taxation on the effective tax rate and operational risk of capital investment projects under optimal capital structures. International Review of Economics and Finance, 96(Part A): 103589.
- Gauthier, C., Paquin, J.P., Racicot, F.E., Tessier, D. and Théoret, R. 2024. The Impact of Taxation on the Effective Tax Rate, Operating Risk, and Portfolio Risk Diversification Effectiveness under Risk Pooling. Journal of Wealth Management, 27(1): 92-114.
- Racicot, F.E. and Théoret, R. 2022. Tracking market and non-traditional sources of risks in procyclical and countercyclical hedge fund strategies under extreme scenarios: a nonlinear VAR approach. Financial Innovation, 8(24): 1-56.
- Racicot, F.E., Théoret, R. and Gregoriou, G.N. 2021. The response of hedge fund higher moment risk to macroeconomic and illiquidity shocks. International Review of Economics and Finance, 73: 289-318.
- Gregoriou, G.N., Racicot, F.E. and Théoret, R. 2021. The response of hedge fund tail risk to macroeconomic shocks: A nonlinear VAR approach. Economic Modelling, 94: 843-872.
- Mesly, O., Mavoori, H. and Racicot, F.E. 2021. Too big to fail or too deceitful to be caught? Journal of Economic Issues, 55(3): 736-759.
- Mesly, O., Huck, N. and Racicot, F.E. 2020. From wheel of fortune to wheel of misfortune: Financial crises, cycles, and consumer predation. Journal of Consumer Affairs, 54(4): 1195-1212.
- Rostan, P., Rostan, A. and Racicot, F.E. 2020. Increment variance reduction techniques with an application to multi-name credit derivatives. Computational Economics, 55(1): 1-35.
- Racicot, F.E., Rentz, W.F., Kahl, A.L. and Mesly, O. 2019. Examining the dynamics of illiquidity risks within the phases of the business cycle. Borsa Istanbul Review, 19(2): 117-131.
- Racicot, F.E. and Théoret, R. 2019. Hedge fund return higher moments over the business cycle. Economic Modelling, 78: 73-97.
- Mesly, O., Chkir, I. and Racicot, F.E. 2019. Predatory cells and puzzling financial crises: Are toxic products good for the financial markets? Economic Modelling, 79: 11-31.
- Racicot, F.E., Rentz, W.F. and Théoret, R. 2019. Testing the new Fama and French factors with illiquidity: A panel data investigation. Finance, 39(3): 45-102.
- Racicot, F.E., Rentz, W.F., Tessier, D. and Théoret, R. 2019. The Conditional Fama-French Model and Endogenous Illiquidity: A Robust Instrumental Variables Test. PLOS ONE, 14(9): 1-26.
Chapters in Books
- Gandotra, V., Racicot, F.E. and Rahimzadeh, A. Cryptocurrency mining. In Goutte, S., Guesmi, K. and Saadi, S.. Cryptofinance and Mechanisms of Exchange. Boston, MA, USA: Springer, 2019.
Funded Research during the last 7 years
| From-To | Source | Title | * | ** | Role | Amount |
|---|---|---|---|---|---|---|
| 2024-2025 | IPAG Business School, Paris | Affiliate Research Fellow | R | O | PI | $ 5,700 |
| 2023-2024 | IPAG Business School, Paris | Affiliate Research Fellow | R | O | PI | $ 5,753 |
| 2021-2022 | IPAG Business School, Paris | Affiliate Research Fellow | R | O | PI | $ 5,893 |
| 2020 | MITACS | M&A performance, CEO turnover and information asymmetry with mediation effect of managerial ability | R | O | PI | $ 6,000 |
| 2019-2025 | SSHRC | Macroeconomic Risk in Hedge Funds (with Co-I: R. Théoret & S. Saadi), FE Racicot | R | C | PI | $ 73,808 |
| 2019-2020 | IPAG Business School, Paris | Affiliate Research Fellow | R | O | PI | $ 5,969 |
| 2018-2019 | IPAG Business School, Paris | Affiliate Research Fellow | R | O | PI | $ 5,969 |
LEGEND:
*Purpose
C: Contract (R and D) | E: Equipment Grant | R: Research Grant | S: Support Award | P: Pedagogical Grant | O: Other, U: Unknown
**Type
C: Granting Councils | G: Government | F: Foundations | I: UO Internal Funding | O: Other | U: Unknown
Role
PI = Principal Investigator | Co-I = Co-Investigator | Co-PI = Co-Principal Investigator
