Dr. Chris Robinson joined the Finance group at SAS in 2004 after 21 years at the Schulich School of Business. Chris has taught introductory and advanced personal finance, financial statement analysis, ethics, security valuation, insurance and introductory finance at SAS. His research spans many fields, including personal finance, retirement planning, corporate governance, financial statement analysis, critical and alternative perspectives on finance and accounting, regulation of payday lending, dividend policy of corporations and case study research of corporate capital budgeting and environmental decision-making. In 2011 he was named one of the inaugural Fellows of the Financial Planning Standards Council for his contributions to financial planning in Canada.
More...
Dr. Robinson has served on the editorial boards of Financial Services Review, Financial Counselling and Planning, and International Review of Financial Analysis. Chris served as a contributing editor of The Financial Post, World Accounting Report, and International Accounting Bulletin during the 1980s. Dr. Robinson’s two most notable co-authored publications are Denys Ivan Robinson (born 1987) and Nicolas Sergio Robinson (born 1995). With Professor Kwok Ho of SAS, he co-authored Personal Financial Planning (Captus Press, fifth edition 2012, with other editions in French for Canada, and in the US, the Netherlands and China). His most recent journal publications have appeared in Business and Society Review, Journal of Corporate Finance, Financial Analysts Journal and Financial Services Review. Dr. Robinson received his PhD in finance from the University of Toronto in 1985. Chris became a Chartered Accountant in 1977 (title converted to Charterer Professional Accountant because of a merger of the professional organisations in 2012), and a Certified Financial Planner in 1997. Chris would rather hike, cycle canoe or ski, than attend committee meetings.
Degrees
PhD, University of Toronto, Rotman
MBA, University of Toronto, Rotman
B. Comm., University of Toronto, Rotman
CPA,CA,
Certified Financial Planner(R),
Professional Leadership
Fellow of FP Canada in the inaugural awards of this honour, 2011
Community Contributions
Black Creek Financial Advisory Network
Research Interests
Financial and Monetary Systems
, Accounting, Personal Finance, especially retirement planning and financial counselling, Critical and Alternative Perspectives on Finance and Accounting, Case Study Research of Corporate Environmental Decision-Making,
Payday lending
Dr. Chris Robinson joined the Finance group at SAS in 2004 after 21 years at the Schulich School of Business. Chris has taught introductory and advanced personal finance, financial statement analysis, ethics, security valuation, insurance and introductory finance at SAS. His research spans many fields, including personal finance, retirement planning, corporate governance, financial statement analysis, critical and alternative perspectives on finance and accounting, regulation of payday lending, dividend policy of corporations and case study research of corporate capital budgeting and environmental decision-making. In 2011 he was named one of the inaugural Fellows of the Financial Planning Standards Council for his contributions to financial planning in Canada.
Dr. Robinson has served on the editorial boards of Financial Services Review, Financial Counselling and Planning, and International Review of Financial Analysis. Chris served as a contributing editor of The Financial Post, World Accounting Report, and International Accounting Bulletin during the 1980s. Dr. Robinson’s two most notable co-authored publications are Denys Ivan Robinson (born 1987) and Nicolas Sergio Robinson (born 1995). With Professor Kwok Ho of SAS, he co-authored Personal Financial Planning (Captus Press, fifth edition 2012, with other editions in French for Canada, and in the US, the Netherlands and China). His most recent journal publications have appeared in Business and Society Review, Journal of Corporate Finance, Financial Analysts Journal and Financial Services Review. Dr. Robinson received his PhD in finance from the University of Toronto in 1985. Chris became a Chartered Accountant in 1977 (title converted to Charterer Professional Accountant because of a merger of the professional organisations in 2012), and a Certified Financial Planner in 1997. Chris would rather hike, cycle canoe or ski, than attend committee meetings.
Degrees
PhD, University of Toronto, Rotman
MBA, University of Toronto, Rotman
B. Comm., University of Toronto, Rotman
CPA,CA,
Certified Financial Planner(R),
Professional Leadership
Fellow of FP Canada in the inaugural awards of this honour, 2011
Community Contributions
Black Creek Financial Advisory Network
Research Interests
Financial and Monetary Systems
, Accounting, Personal Finance, especially retirement planning and financial counselling, Critical and Alternative Perspectives on Finance and Accounting, Case Study Research of Corporate Environmental Decision-Making,
Payday lending
Awards
- CFP Award for an Outstanding Paper in Individual Financial Management, Academy of Financial Services conference. 1993, 1994, 1995 - 1993, 1994 and 1995
- Social Sciences and Humanities Research Council Doctoral Fellowship. 1980-1982 - 1980 - 1982
- University of Toronto Open Fellowship. 1979-1980 - 1979 - 1980
- Simeon Janes Scholar, Trinity College 1969-1970 - 1969 - 1970
- CFP Award for an Outstanding Paper in Individual Financial Management, Academy of Financial Services conference. 2007 - 2007
- School of Administrative Studies, honourable mention for Theory-Practice Award for “Regulation of Payday Lending in Canada.” 2006 - 2006
- American College Award for an Outstanding Paper in Personal Finance, Academy of Financial Services conference. 2003 - 2003
- Society of Actuaries, honourable mention for best paper at the Retirement Needs conference. 1998 - 1998
- American College Award for an Outstanding Paper in Personal Finance, Academy of Financial Services conference. 1998 - 1998
- CFP Award for Best Paper in Personal Finance, Midwest Finance Association conference. 1998 - 1998
- Nomination for best paper published in 1996 in Canadian Journal of Administrative Sciences. 1997 - 1997
- Honourable Mention for Best Paper in the Finance Division, Administrative Sciences Association of Canada annual conference. 1997 - 1997
- Institute of Chartered Accountants of Ontario Doctoral Fellowship (declined). 1980 - 1980
- University Fellowship, University of Chicago 1980 - 1980
- 1979 Henry Arthur Thomas Prize (Faculty of Classics, Cambridge) Christ’s College Prize, Campbell Prize for Epigraphy, Christ’s College - 1979
All Publications
Book Chapters
Chris Robinson, Ming Dong and Chris Veld. 2009, Chapter 23 “Why Individual and Professional Investors Want Dividends,” in H. Kent Baker, ed.,
Dividends and Dividend Policy, 405-20.
2009
Chris Robinson. (2006) . Introductory Chapter in
Strategic Wealth Management. Canadian Securities Institute, 1-16.
2006
Chris Robinson, John Rumsey and Alan White, “The Value of a Vote in the Market for Corporate Control: Canadian Evidence,” in
Convergence and Diversity in Corporate Governance Regimes and Capital Markets, Luc Renneboog, Joe McCahery, Piet Moerland and Theo Raaijmakers, eds., Oxford University Press, 421- 440, 2002.
2002
Chris Robinson (1989) “Petrosar Inc.,” in
Cases in Managerial and Financial Accounting, ed. Eldon Gardner, John Wiley.
1989
Books
Kwok Ho, Chris Robinson and Xu’keen,
Personal Financial Planning, First Chinese edition, Captus Press, Toronto,2004.
2004
Kwok Ho, Chris Robinson and Chris Veld,
Personal Financial Planning, First Netherlands edition, Captus Press, Toronto,1999.
1999
Kwok Ho, Grady Perdue and Chris Robinson,
Personal Financial Planning: First American edition, Captus Press, Toronto, 1999.
1999
Kwok Ho, Chris Robinson and Yves Groleau,
Plannification Financière Personnelle, Captus Press, Toronto, 1999.
1999
Kwok Ho and Chris Robinson,
Personal Financial Planning, Captus Press, Toronto, 1995, second edition 1997, third edition 2000, Fourth edition August 2005. plus Instructors’ Manual
1995
Robinson, C.
Personal Financial Management, with Gilles Bernier, Institute of Canadian Bankers, 1986. Second edition 1987, pp. 540. First French edition, 1987.
1986
Monographs
Robinson, C. Materiality: An Empirical Study of Actual Auditor Decisions, senior author with Len Fertuck. Canadian Certified General Accountants' Research Foundation, Vancouver, 1985. 61 pp.
1985
Journal Articles
Moshe Milevsky and Chris Robinson, (2005), "A Sustainable Spending Rate Without Simulation,"
Financial Analysts Journal, 61(6), 89-100.
2005
Ming Dong, Chris Robinson and Chris Veld, (2005). “Why Investors Want Dividends,"
Journal of Corporate Finance, 12(1), 121-58. reprinted in
ICFAI Journal of Behavioral Finance, III(2), June 2006, 27-62.
2005
Moshe Arye Milevsky and Chris Robinson, (2000). "Self Annuitization and Ruin in Retirement,”
North American Actuarial Journal, 4(4), 1-17.
2000
Robinson, C. “How To Avoid Outliving Your Money,”
Canadian Investment Review, Fall 1994, 35-38, with Kwok Ho and Moshe Arye Milevsky, reprinted in
Advisor’s Guide to Financial Research, Rogers Media Inc., 1999.
1999
Kwok Ho, Moshe Arye Milevsky and Chris Robinson, (1999), “International Equity Diversification and Shortfall Risk,”
Financial Services Review, 8(1), 11-25.
1999
Chris Robinson and Elton McGoun, (1998), “The Sociology of Personal Finance,”
Financial Services Review, 7(3), 161-174 .
1998
Moshe Arye Milevsky, Kwok Ho and Chris Robinson, (1997), “Asset Allocation Via the Conditional First Exit Time or How to Avoid Outliving Your Money,”
Review of Quantitative Finance and Accounting, Vol 9, No. 1, 53-70.
1997
Robinson, C. “Can We Reconcile Nature with Finance,”
International Review of Financial Analysis 5(3), (1996), 185-95.
1996
Robinson, C. “Economics, Culture and Accounting Standards: A Case Study of Canada and Greece,”
Canadian Journal of Administrative Sciences, with George Venieris, Vol. 13, No. 2 (June 1996), 119-31.
1996
Chris Robinson, John Rumsey and Alan White, “Market Efficiency in the Valuation of Corporate Control: Evidence from Dual Class Equity,”
Canadian Journal of Administrative Sciences, Vol 13, No. 3 (Sept. 1996), 251-63.
1996
Robinson, C. “Risk-adjusted retirement,”
Canadian Investment Review, Spring 1996, 19 - 27.
1996
Robinson, C. “Asset Allocation, Life Expectancy and Shortfall,”
Financial Services Review, Spring 1994, with Kwok Ho and Moshe Arye Milevsky, 109-26.
1994
Robinson, C. “Financial Trustco Capital Ltd.,”
Journal of Accounting Case Research, Vol. 2, No. 2 (1994), 11-20.
1994
Robinson, C. “The Case for Qualitative Research in Finance,”
International Review of Financial Analysis, Vol. 3, No. 1, (1994), with Mark Bettner and Elton McGoun, 1-18.
1994
Frankfurter, George, W. Carleton, M. J. Gordon, J. Horrigan, E. McGoun, G. Philippatos and C. Robinson, “The Methodology of Finance: A Round Table Discussion,”
International Review of Financial Analysis, Vol. 3, No. 3, (1994), 173-207.
1994
Robinson, C. “The Relevance of Financial Policy in Perfect Markets,”
International Review of Financial Analysis, Vol. 3, No. 2 (1994), 97-112, with Kwok Ho.
1994
Robinson, C. “Are Corporate Takeovers Good or Bad: A Debate,”
Canadian Investment Review, Fall 1991, 53-55.
1991
Robinson, C. “Calculating Periodic Interest,”
Canadian Business Law Journal, Mar. 1991, 415-29, with Elizabeth Maynes and Stephen Pincus.
1991
Robinson, C. “Empirical Evidence on the Relative Valuation of Voting and Restricted Voting Shares,”
Canadian Journal of Administrative Sciences, Dec. 1990, 9-18, with Alan White.
1990
Robinson, C. “How Much is a Share Vote Worth?” with Elizabeth Maynes and Alan White,
Canadian Investment Review, Spring 1990, 49-55.
1990
Robinson, C. “Empirical Evidence on Auditor Error Correction Decisions,”
Canadian Journal of Administrative Sciences, Dec. 1989, 28-35, senior author with Len Fertuck.
1989
Robinson, C. “Materiality in Audited Financial Statements: An Accountant's View,”
Banking and Finance Law Review, Oct. 1989, 53-69.
1989
Robinson, C. “Guaranteed Preferred Shares Debt or Equity?”
Banking and Finance Law Review, Vol. 1, No. 2, Mar. 1987. 211-223, with Alan White.
1987
Conference Papers
“Regulation of Payday Lending in Canada, the US and Australia,” 2008, Assoc. of Canadian Studies of Australia and New Zealand, Brisbane; also invited presentation at Australian National University, Canberra.
2008
Mark Schwartz and Chris Robinson, ‘Payday Loans’: An Ethical and Socially Responsible Industry?”13th Annual International Conference Promoting Business Ethics Niagara Falls, New York, 2006
2006
Robinson, C. “Payday Loans: the underbelly of financial services in Canada,” Alternative Perspectives on Finance Conference 7.5, Kilkenny, Ireland, 2005.
2005
Robinson, C. “A Modest Proposal,” Alternative Perspectives on Finance conference, Stockholm, 2004.
2004
Robinson, C. “Why Investors Prefer Dividends,” Northern Finance Association, revised, St. John’s 2004, with Ming Dong and Chris Veld.
2004
Robinson, C. “Why Investors Prefer Dividends,” with Ming Dong and Chris Veld, Academy of Financial Services, Denver, 2003, won American College Award for Outstanding Paper.
2003
Robinson, C. “Live Greener, Live Cheaper,” with Shuhao Chen and Jennifer Qiu, Academy of Financial Services, San Antonio, 2002.
2002
Robinson, C. “Variable vs Fixed Rate Mortgages,” with Moshe Milevsky and Kevin Zhu, Academy of Financial Services, San Antonio, 2002.
2002
Robinson, C. “Tax-facilitated Savings for Retirement: A Comparison of Canada and the Netherlands,” Academy of Financial Services, Toronto, 2001.
2001
Robinson, C. “Money, Lies and Financial Statements: When Can You Trust the Numbers,” and “Ethics, Ecology, Finance and Accounting,” invited presentations at a Workshop on Alternative Perspectives on Finance and Accounting, Université de Montréal, Aug. 24/01.
2001
Robinson, C. “Alice’s Evidence,” with Skip McGoun, fifth Alternative Perspectives on Finance Conference, Dundee, Scotland, 2000.
2000
Robinson, C. “Conceptual Frameworks for Personal Finance,” Academy of Financial Services, Seattle, 2000.
2000
Robinson, C. “Unaccountable Discounting,” Critical Perspectives Symposium, New York, 1999.
1999
Robinson, C. “The Sociology of Personal Finance,”Academy of Financial Services, Chicago, 1998, with Elton McGoun. American College Award for an Outstanding Paper in Personal Finance.
1998
Robinson, C. “Questions Unasked and Answers Unquestioned,” Academy of Financial Services, Chicago, 1998, with Ho.
1998
Robinson, C. “International Equity Diversification and Shortfall Risk,” Academy of Financial Services, Chicago, 1998, with Ho and Milevsky.
1998
Robinson, C. “Discounting Grandchildren and Spotted Owls,” Midwest Finance Assoc., Kansas City, 1997 and Alternative Perspectives on Finance conference, Turku, Finland, 1998.
1998
Robinson, C. “Is Your Standard of Living Sustainable During Retirement? Ruin Probabilities, Asian Options and Life Annuities,” SSB Working paper 15-97, presented at Midwest Finance Association Annual Conference, Chicago, March 1998 (CFP Award for Best Paper in Personal Finance) and the 1998 Retirement Needs conference of the Society of Actuaries (Honourable mention for best paper).
1998
Robinson, C. “Can We Reconcile Nature with Finance,” Alternative Perspectives on Finance, third conference, Québec, 1996.
1996
Robinson, C. “Targeting Retirement, Academy of Financial Services conference 1995; Best Individual Financial Management Paper Award.
1995
Robinson, C. “A Deep Ecology Critique of Accounting,” Can. Academic Accounting Assoc. annual meeting, 1993 and Interdisciplinary Perspectives on Accounting Fourth Conference, Manchester, 1994.
1994
Robinson, C. “A Deep Ecology Critique of Unanimity," Eastern Finance Association, annual meeting, 1994, and Alternative Perspectives on Finance, second conference, Bled, 1994.
1994
Robinson, C. “Asset Allocation Via the Conditional First Exit Time or How to Avoid Outliving Your Money,” with Moshe Arye Milevsky and Kwok Ho, Academy of Financial Services 1994; Best Individual Financial Management Paper Award.
1994
Robinson, C. “The Relevance of Financial Policy in Perfect Markets,” Alternative Perspectives on Finance, second conference, Bled, 1994, with Kwok Ho.
1994
Robinson, C. “The Case for Qualitative Research in Finance,” co author Mark Bettner, Midwest Finance Association (1993), Eastern Finance Association (1993) and Northern Finance Association (1992) meetings.
1993
Robinson, C. “Asset Allocation, Life Expectancy and Shortfall,” Academy of Financial Services 1993; Best Individual Financial Management Paper Award, with Kwok Ho and Moshe Milevsky.
1993
Robinson, C. “Accounting, Auditing and Ethics Lessons from a Waste Audit,” Canadian Academic Accounting Association Education Conference, October 1992 and Critical Perspectives Symposium, New York 1993.
1993
Robinson, C. “Optimal Intrinsic Capital Structure,” Midwest Finance Association (1992), Eastern Finance Association (1992) and Northern Finance Association (1992) meetings, with Kwok Ho.
1992
Robinson, C. “A Critique of the Dividend Irrelevance Theorem's Proofs,” Administrative Sciences Association of Canada, Niagara Falls, 1991 and Alternative Perspectives on Finance conference, Bucknell University, June 1992, co author Kwok Ho.
1992
Robinson, C. “Accountants' Self Interest in Accounting Standards,” with Jerry Dermer, Third Inter disciplinary Perspectives on Accounting Conference, Manchester, UK, July 1991.
1991
“The Hidden Assumptions Underlying Human Resource Accounting Research,” Second Annual Critical Perspectives Symposium, New York, March 1991.
1991
Robinson, C. “Ownership Concentration and Equity Returns,” at a conference in honour of Myron Gordon, entitled “Imperfections in Financial Markets and Their Impact on Corporate Financial Decisions”, Minaki, Ont., June 1989, co author John Rumsey. Revised version Northern Finance Association, Banff, Sept. 1990.
1990
Robinson, C. “The Increasing Value of a Coattail?” Minaki conference (see previous entry), co author Alan White, June 1989.
1989
Robinson, C. “Is Harmonization Possible? A Case Study of Differences Between Canada, Greece, and the United States,” The European Accounting Association 12th Annual Congress, Stuttgart, West Germany, April 1989, co author George Venieris.
1989
Robinson, C. “Ownership Structure and the Value of a Vote,” Western Finance Association, Napa, California, June 1988; revised version Northern Finance Association, Ottawa, Sept. 1989; co author Alan White.
1989
Robinson, C. “Theories of Standard Setting: The Simplest is Best,” CA Magazine, April 1983, with Clayton Robb. Reprinted in Teresa Anderson, ed., Readings in Canadian Financial Reporting, Ottawa, Clarence Byrd Inc., 1988.
1988
Robinson, C. “Accounting Principles in Canada and Greece,” CGA Magazine, Aug. 1988, senior author with George Venieris.
1988
Robinson, C. “Personal Financial Counselling as a Strategic Tool for Retail Bankers,” Administrative Sciences Association of Canada, (Policy Division) Toronto, 1987. co author Gilles Bernier.
1987
Robinson, C. “Efficient Markets and the Social Role of Accounting,” CA Magazine, March 1980. Reprinted in Stan Lewis, ed., Accounting for Social Responsibility: A Book of Readings, University Press of America, 1982.
1982
Robinson, C. “How the CICA Should Respond to Canada's Growth,” CA Magazine, January 1982.
1982
Conference Proceedings
Nabil Tahani and Chris Robinson, “Freedom at 55 or Drudgery until 70?” Academy of Financial Services, Boston 2008.
2008
Chris Robinson and Nabil Tahani, “Sustainable Retirement Income for the Gardener, the Socialite and the Uninsured,” Academy of Financial Services, Orlando, US, 2007. (won CFP Outstanding Paper Award)
2007
Moshe Arye Milevsky and Chris Robinson, “Is Your Standard of Living Sustainable During Retirement? Ruin Probabilities, Asian Options and Life Annuities,” Retirement Needs Framework, Society of Actuaries Monograph M-RS00-1, January 2000, 87-98.
2000
Robinson, C. “International Diversification and Shortfall Risk,” with Kwok Ho and Moshe Arye Milevsky, Proceedings of the Administrative Sciences Association of Canada, St. John’s, Nfld. June 1997; Honourable mention for Best Paper Award.
1997
Robinson, C. “Asset Allocation Via the Conditional First Exit Time or How to Avoid Outliving Your Money,” with Moshe Arye Milevsky and Kwok Ho, Proceedings of the International Actuarial Association's Colloquium on Actuarial Approaches for Financial Risk, Orlando, 1994.
1994
Robinson, C. “The Effect of a Change in Takeover Protection on Dual Class Equity,” with Alan White, Proceedings of The Administrative Sciences Association of Canada, Vol. 12, (Finance), Niagara Falls, 1991.
1991
Robinson, C. “Financial Distress and Its Resolution,” Proceedings of The Administrative Sciences Association of Canada, Vol. 10, (Finance), Montreal, 1989.
1989
Robinson, C. “The Value of Voting Rights and Restricted Voting Shares,” joint author with Alan White and Gyan Chandra, Proceedings of The Administrative Sciences Association of Canada, Vol. 6, (Finance), Montreal, 1985. 1 9.
1985
Robinson, C. “Conceptual Errors in the Canadian Petroleum Industry Monitoring Survey of 1979,” Proceedings of The Administrative Sciences Association of Canada, Vol. 4., Part 1, (Finance), Vancouver, 1983. 253 64.
1983
Robinson, C. “A Reconsideration of Human Resource Accounting,” A Reconsideration of Human Resource Accounting. Ottawa, l982,180 89.
1982