Adolfo de Motta

Associate Professor, Finance
Academic title(s): 

REAP Professorship in Economics

Adolfo de Motta
Contact Information
Email address: 
adolfo.demotta [at]
Alternate email address: 
christine.nguli [at]

Bronfman Building [Map]
1001 rue Sherbrooke Ouest
Montreal, Quebec
H3A 1G5


PhD, Economics, Massachusetts Institute of Technology, USA
BA, University of Valencia, Spain


Professor de Motta's research focuses on corporate finance, financial intermediation and organization theory. His current research topics include the optimal degree of corporate diversification, the role of institutional investors on corporate governance and the performance of venture capital markets. Professor de Motta has published his work in the Journal of Finance, the Journal of Financial Economics, and the Review of Economic Studies.

Tenured & Tenure Track
Research areas: 
Corporate Finance
Financial Crises
Risk Management
Selected publications: 

Papers in Peer-Reviewed Journals

Bouvard, Matthieu, and Adolfo de Motta “Labor Leverage, Coordination Failures, and Aggregate Risk”, Journal of Financial Economics, v. CXLII, no. 3, pp. 1229–1252, December 2021.

Almazan, Andres, Adolfo de Motta, and Sheridan Titman, “Debt, Labor Markets and the Creation and Destruction of Firms”, Journal of Financial Economics, v. CXVIII, no. 3, pp. 636–657, December 2015.

Bouvard, Matthieu, Pierre Chaigneau, and Adolfo de Motta, "Transparency in the Financial System: Rollover Risk and Crises",  Journal of Finance, v. LXX,  no. 4, pp. 1805–1837, August  2015.

de Motta, Adolfo, and Jaime Ortega, “Incentives, Capital Budgeting, and Organizational Structure”,  Journal of Economics and Management Strategy, v. XXII, no. 4, pp. 810–831, Winter 2013.

Almazan, Andres, Adolfo de Motta, Vahap Uysal, and Sheridan Titman, “Financial Structure, Acquisition Opportunities, and Firm Locations”,  Journal of Finance, v. LXV, no. 2, pp. 529-563, April 2010.

Almazan, Andres, Sanjay Banerji, and Adolfo de Motta, “Attracting Attention: Cheap Managerial Talk and Costly Market Monitoring”,  Journal of Finance, v. LXIII, no. 3, pp. 1399–1436, June 2008.

Almazan, Andres, Adolfo de Motta, and Sheridan Titman, “Firm Location and the Creation and Utilization of Human Capital”,  Review of Economic Studies, v. 74, no. 4, pp. 1305-1327, October 2007.

de Motta, Adolfo “Managerial Incentives and Internal Capital Markets”,  Journal of Finance, v. LVIII, no. 3, pp. 1193-1220, June 2003.

Awards, honours, and fellowships: 


2007: Distinguished Teacher of the Year Award, Desautels Faculty of Management, McGill University.

2004: Teacher of the Year Award, Management Undergraduate Society, McGill University.

1993: Second Prize of the National Awards for Completion of University Studies, Ministry of Education, Spain.

1993: Extraordinary Prize for Completion of Undergraduate Studies in Economics, University of Valencia.


2019- Present REAP Professorship in Economics

2010-2019: Desmarais Faculty Scholar, Desautels Faculty of Management, McGill University.

1995-1999: Graduate Studies Fellowship, Bank of Spain.

1993-1995: Generalitat Valenciana Graduate Studies Fellowship.

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