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Basma Majerbi

Associate Professor Basma Majerbi

Associate Professor

Contact:
Office: BEC 244 250-472-4281
Credentials:
PhD (Finance), McGill University; MSc (International Finance), HEC Montreal
Area(s) of expertise:
International finance, sustainable finance, impact investing, climate finance, community energy finance
Related links:

Biography

Dr. Majerbi is an associate professor of finance at Gustavson School of Business, University of Victoria. Her recent research explores topics in investing and sustainable finance, climate-related financial risks and opportunities, community and SMEs energy transition. She currently leads the Business and Finance Innovation strategic research areas within the Accelerating Community Energy Transformation (ACET) Initiative. Basma is a recipient of multiple awards including BC Cleantech Educator of the Year Award, Canada Clean50 Award and King Charles III Coronation Medal for her contribution to advancing climate action and sustainable finance in Canada.

Basma is founder and director of the Impact Investing Hub, a research and education center whose mission is to mobilize finance for climate solutions, community resilience and inclusive access to capital. She is a founding member of the Canadian Sustainable Finance Network (CSFN) and currently serves as Chair of its Steering Committee, and is a member of the Research Advisory Council of the Institute for Sustainable Finance. She's co-founder and co-chair of the International Workshop on Financial System Architecture and Stability (IWFSAS), providing an annual forum for leading academics, practitioners and policy makers to discuss current issues related to the structure and design of financial systems and their impact on sustainable and inclusive economic growth.

Basma worked for 12 years as technical advisor with the International Monetary Fund’s Institute for Capacity Development where she contributed to training of government officials in developing countries on topics related to financial development, financial inclusion, and other financial sector issues. She currently serves on the boards of multiple organizations, including the board of directors of the South Island Prosperity Partnership, is Chair of the Advisory Board of the Center for Ocean Applied Sustainable Technologies (COAST), and the Research Advisory Group of New Power Labs. Previously, she was a member of the inaugural ESG Advisory Council to the BC Minister of Jobs, Economic Development and Innovation and supported the Victoria Foundation as a member of its Impact Investment Committee.

Basma holds a PhD in Finance from McGill University and a MSc in International Finance from HEC Montreal. 

Teaching

Courses taught

  • Managerial Finance (MBA)
  • International Financial Management (MGB)
  • Finance for Impact (MBA)
  • Climate Solutions Foundation (CCSL - Co-instructor)

Executive Training & Capacity Building Courses:

With UVic Impact Investing Hub (VI3Hub)

  • Fundamentals of ESG and Impact for SMEs 

With the IMF Institute for Capacity Development

  • Financial Development and Financial Inclusion
  • Monetary Policy
  • Financial Markets Analysis 
  • External Vulnerabilities and Policies 
  • Macroeconomic Management and Financial Sector Issues

Selected publications

Journal publications

Rhodes, E., Dordi, T., Majerbi, B., & McPherson, M. (2026). Media Portrayals of Net Zero: Stakeholders’ Perspectives and Climate Solutions Framing. Environmental Communication, 1–23. https://doi.org/10.1080/17524032.2026.2692085

Errunza V., Majerbi B. & Tuuli M. (2024). Learning from Biodiversity: Is Diversity in the Financial Ecosystem Important for Economic Growth and Stability. IMF Economic Review. https://doi.org/10.1057/s41308-024-00237-y

Andrew, K., Majerbi, B. & Rhodes, E. (2022). Slouching or speeding toward net zero? Evidence from COVID-19 energy-related stimulus policies in the G20, Ecological Economics. Vol. 201. https://doi.org/10.1016/j.ecolecon.2022.107586

King, M., Majerbi, B. & Tremblay, C. (2021). Raven Indigenous Capital Partners: Designing an Impact Investing Measurement Framework. 2021. Ivey Publishing, W25239.

Chung, H., Majerbi, B., & Rizeanu, S. (2015). Exchange Risk Premium and Firm Characteristics. Emerging Markets Review, Vol.22, 96-125.

Majerbi, B. & Rachdi, H. (2014). Systemic Banking Crises, Financial Liberalization and Governance. Multinational Finance Journal, 18 (3/4), 281-336.

Chaieb I., Errunza V. & Majerbi, B. (2013). Do Emerging Markets Provide Currency Diversification Benefits? International Journal of Banking, Accounting and Finance, 5, (1/2), 102-120.

Bouslimi L., Majerbi, B. (2012). The Role of Non-bank Financial Institutions and Credit Unions in Economic Growth. BRASSARD, M.-J. et E. MOLINA, dir.), The Amazing Power of Cooperatives, 665.

Carrieri, F., & Majerbi, B. (2006). The Pricing of Exchange Risk in Emerging Stock Markets. Journal of International Business Studies, 37, 372-391.

Carrieri, F., Errunza, V. & Majerbi, B. (2006). Does Emerging Markets Exchange Risk Affect Global Equity Prices. Journal of Financial and Quantitative Analysis, 41(3), 511-540.

Carrieri, F., Errunza, V. & Majerbi, B. (2006). Local Risk Factors in Emerging Markets: Are they Separately Priced? Journal of Empirical Finance, 13(4/5), 444-461.

Awards & grants

Recognition & awards

  • 2025 - King Charles III Coronation Medal
  • 2024 - Canada 2025 Clean50 Award, Education and Thought Leadership, Clean50
  • 2023 - BC Cleantech Awards, Educator of the Year, Foresight Canada
  • 2022 - Tunisian Women in Finance of the Year, CONNECT
  • 2022 - IAB Community Engagement Award, Gustavson School of Business
  • 2020 - Faculty Service Excellence Award, Gustavson School of Business
  • 2014 - MBA Professor of the Year Award , MBA Students Council
  • 2013 - Faculty Innovation Award, Gustavson School of Business
  • 2012 - MBA Professor of the Year Award , MBA Students Council
  • 2009 - UVic Scholar Award, University of Victoria (2009-2014)
  • 2007 - Faculty Research Excellence Award, Gustavson School of Business
  • 2004 - UVic Scholar Award, University of Victoria (2004-2009)

Grants

  • 2026 - Mitacs Accelerate  “Financing the Blue Economy in Canada”, Principal Investigator ($75,000)

  • 2025 - Mitacs BSI Funding for 2 student interns with ZEIC and the Purpose Economy ($30,000)

  • 2023 - NSERC CREATE, Coastal Climate Solutions Leaders, Co-Applicant ($1,600,000)

  • 2023 - CFREF, Accelerating Community Energy Transformation (ACET), Lead Investigator ($83.6 million)

  • 2022 - Mitacs BSI Funding for one student intern with Propel Impact, Principal Investigator ($15,000)
  • 2022 - Mitacs Accelerate – ESG Integration, Measurement and Reporting for SMEs: A pilot for Cleantech companies in BC, Principal Investigator ($60,000)
  • 2022 - SSHRC Connection Grant to host the Canadian Sustainable Finance Network (CSFN) Annual Conference in August 2022, Co-applicant ($25,000)
  • 2021 - PICS Opportunity Project, Climate Finance: Integrating Climate Change Mitigation and Adaptation Considerations into Investment Decisions, Co-Principal Investigator ($180,000)
  • 2020 - UVic Strategic Framework Impact Fund for VI3Hub, Principal Investigator ($80,000)
  • 2017 - SSHRC Partnership Development, Financial system diversity, growth and stability, Principal Investigator ($199,557)
  • 2013 - CFI-Leaders Opportunity Fund, Principal Investigator ($120,000)
  • 2006 - SSHRC Insight Grant, Financial development and growth, Principal Investigator  

Special projects

The Impact Investing Hub

Basma Majerbi is the founder of the Impact Investing Hub, a research and education hub at the intersection of climate action and impact investing. The Hub’s mission is to build strategic capacity, create thought leadership, and share insights and useful data to align finance and investments with the Paris Agreement and the UN Sustainable Development Goals. The Hub offers a collaboration platform bringing together academia, industry, community and policymakers to accelerate the transition to a climate-positive and inclusive economy. 

Accelerating Community Energy Transformation (ACET)

Basma Majerbi is one of the lead investigators on the ACET initiative, a multi-partner research initiative helping small-to-mid-sized communities achieve their unique clean-energy systems goals. From harvesting offshore wind, tidal and solar energy to innovative low-carbon financing and governance models, ACET is integrating breakthrough renewable energy technologies and solutions that will help Canada get to net zero emissions—one community at a time. The 7-year project received $83.6 million in research funding from the Canada First Research Excellence Fund. She leads the Business & Finance Innovation, 1 of 6 strategic research areas in the ACET initiative. 

ESG-Impact for SMEs

As part of the Impact Investing Hub’s research program, she leads a multi-phase collaborative project seeking to understand the challenges and opportunities for small-and-medium-sized enterprises (SMEs) to integrate and report on environmental, social and governance (ESG) factors, and align their activities with the UN SDGs. The research involves surveys, interviews, longitudinal studies and training initiatives for start-ups and SMEs in multiple sectors. The goal is to help SMEs and start-ups be future-ready, climate resilient and well positioned to attract ESG and impact-driven capital.