Basma Majerbi

 Basma Majerbi
Associate Professor


PhD (Finance), McGill University; MSc (International Finance), HEC Montreal.

Office: BEC 244


  • International Finance
  • Sustainable Finance
  • Impact Investing 
  • Climate Finance

Dr. Majerbi is an associate professor of finance at Gustavson School of Business, University of Victoria. Her research interests include international finance, ESG and impact investing, and climate-related financial risks and opportunities. Her teaching integrates sustainable finance, topics into core finance courses in various programs including the MBA in Sustainable Innovation. She is a recipient of multiple awards including Research Excellence, Best MBA Professor, Innovation Award, Service Excellence, and IAB Community Engagement Award. 

Basma is currently leading the UVic Impact Investing Hub (VI3Hub), a multi-disciplinary, solutions-driven platform whose mission is to accelerate investments in climate solutions and help companies and investors align with the sustainable development goals (SDGs), through education and capacity building, action research and community engagement. 

Basma is also a Technical Advisor with the International Monetary Fund’s Institute for Capacity Development where she contributes to training of government officials in developing countries on topics related to financial development, financial inclusion, and other financial sector issues. She is a member the steering committee of the Canadian Sustainable Finance Network (CSFN) and the Research Advisory Council of the Institute for Sustainable Finance, and is co-founder and co-chair of the International Workshop on Financial System Architecture and Stability (IWFSAS), an annual conference that focuses on topics related to sustainable finance. Basma also serves on the Board of Directors of the South Island Prosperity Group and is a member of the impact investment committees of the University of Victoria and the Victoria Foundation. Basma holds a PhD in Finance from McGill University and a MSc. in International Finance from HEC Montreal.


Journal Publications

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.

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.

Recognitions & Awards

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)



Mitacs BSI Funding for one student intern with Propel Impact, Principal Investigator



Mitacs Accelerate – ESG Integration, Measurement and Reporting for SMEs: A pilot for Cleantech companies in BC, Principal Investigator                    



SSHRC Connection Grant to host the Canadian Sustainable Finance Network (CSFN) Annual Conference in August 2022, Co-applicant



PICS Opportunity Project, Climate Finance: Integrating Climate Change Mitigation and Adaptation Considerations into Investment Decisions, Co-Principal Investigator        



UVic Strategic Framework Impact Fund for VI3Hub, Principal Investigator        



SSHRC Partnership Development, Financial system diversity, growth and stability, Principal Investigator        



CFI-Leaders Opportunity Fund, Principal Investigator        



SSHRC Insight Grant, Financial development and growth, Principal Investigator


Courses Taught

  • Managerial Finance (MBA)
  • International Financial Management (MGB)
  • Finance for Impact (MBA)

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


Community events (speaker or organizer):