Dr. Paul Schure

Dr. Paul Schure
Position
Professor
Economics
Contact
Office: BEC 336
250-721-8535
Credentials

PhD (European University Institute)

Area of expertise

Financial economics, financial intermediation theory, industrial organization

Paul Schure is a full professor in the Department of Economics at the University of Victoria. His main research areas are Financial Intermediation, Entrepreneurial Finance, and European integration and a recurrent theme is the interplay between the market environment in which firms operate and their financial structure. In a 2021 publication in the Journal of Financial Economics Paul and his co-authors show that, for the startup ecosystem in British Columbia, Canada, angel and venture capital funding appear to represent “distinct funding paths” that do not mix very often. This would call into question some public policies that are based on the conventional wisdom that angel funding is a stepping-stone towards obtaining venture capital. 

Paul obtained his PhD from the European University Institute in Florence, Italy. Prior to joining UVic in 2000, he spent a year as a postdoc student at the Hebrew University of Jerusalem and five months as a consultant at the European Investment Bank (1998). While at UVic he held visiting positions at Ben Gurion University, the European University Institute, the Free University of Amsterdam, the University of Bonn, the University of Amsterdam, and Utrecht University. In Fall 2014 he was Fellow at the Netherlands Institute for Advanced Studies (NIAS).

Paul has been active in terms of managing projects, organising academic conferences, and applying his knowledge outside academia. He has been the main author of two annual reports on angel investing activity by the National Angel Capital Organization. He has served lengthy periods of time on the Boards of two not-for profit organisations and a socially responsible startup company. He has been the main organizer of the EU Study Tour for the past couple of years, UVic’s biggest field school which annually takes 40-50 students from across Canada to visit the EU’s main institutions for several weeks.

Interests

  • Financial intermediation/Banking
  • Entrepreneurial Finance
  • European Economics 
  • Industrial organisation

Courses

Links


Selected publications

Articles Published in Refereed Journals

  • Schure, Paul and Amy Verdun, 2023. The Single Market and Economic and Monetary Integration. Chapter 7 in Amy Verdun, Achim Hurrelmann and Emmanuel Brunet-Jailly (eds), European Union Governance and Policy Making: A Canadian Perspective, 2nd edition. Toronto: University of Toronto Press), pp. 137-164.
  • Hellmann, Thomas F., Paul Schure and Dan H. Vo., 2021, Angels and Venture Capitalists: Complements or Substitutes? Journal of Financial Economics, 141(2), 454-478. Available at: https://doi.org/10.1016/j.jfineco.2021.04.001 (2020 JIF of JFE: 6.988; IDEAS/RePEc SIF: #5; FT50 Journal)
  • Ehrmann, Michael and Paul Schure, 2020, The European Systemic Risk Board – Governance and Early Experience. Journal of Economic Policy Reform, 23(3), 290-308. Available at: https://doi.org/10.1080/17487870.2019.1683011 (2020 JIF of JEPR: 2.455; IDEAS/RePEc SIF: #450)
  • Hellmann, Thomas F., Paul Schure, Chloe Tergiman, and Dan H. Vo., 2019. Ownership Dynamics within Founder Teams: The Role of External Financing. Strategic Entrepreneurship Journal, 13(3), pp. 256-287. Available at: https://doi.org/10.1002/sej.1328 (2020 JIF of SEJ: 6.200; FT50 Journal)
  • Engineer, Merwan H., Paul Schure, and Dan H. Vo, 2019, Hide and Seek Search: Why Angels Hide and Entrepreneurs Seek. Journal of Economic Behavior and Organization, 157, 523-540. Available at: https://doi.org/10.1016/j.jebo.2018.10.007 (2019 JIF of JEBO: 1.591; IDEAS/RePEc SIF: #111)
  • Merwan H. Engineer, Paul Schure, Mark Gillis, 2013, A positive analysis of deposit insurance provision: Regulatory competition among European Union countries, Journal of Financial Stability, 9-4, 530-544, http://dx.doi.org/10.1016/j.jfs.2013.10.001 (2013 JCR impact factor of JFS: 2.932)
  • Hallak, Issam and Paul Schure, 2011, Why Larger Lenders Obtain Higher Returns: Evidence from Sovereign Syndicated Loans, Financial Management, 40-2, 427-453. (2011 JCR impact factor of FM: 1.355.)
  • Schmitz, Andrew, Troy Schmitz, and Paul Schure, 2008, High Commodity Prices and the EU's Single Payment Scheme: Some Consequences of Double-Dipping, Canadian Journal of Agricultural Economics, 56-4, 523-531.

  • Schure, Paul and Amy Verdun, 2008, Legislative Bargaining in the European Union: The Divide between Large and Small Member States, European Union Politics, 9-4, 459-486. (Lead Article) (The JCR impact factor of EUP is 2.064 in 2008 - 5th of the 99 Polisci journals that Thomson ISI ranked.)

  • Schmitz, Andrew and Paul Schure, 2008, Agricultural Policies in Transition: Canada, the European Union, and the World Trade Organization, Canadian Journal of Agricultural Economics, 56-4, 365-369. (editors’ introduction, non-refereed)
  • Schure, Paul and Amy Verdun, 2007. States and the Exercise of Power in the New European Union, Current Politics and Economics of Europe, 18-2, 181-202.
  • Wagenvoort, Rien and Paul Schure, 2006, A Recursive Thick Frontier Approach to Estimating Production Efficiency, Oxford Bulletin of Economics & Statistics 68(2), 183-201.
  • Schure, Paul, David Scoones, and Qinghua Gu, 2005. A Theory of Loan Syndication, Finance Research Letters, 2(3), 165-172.
  • Schure, Paul, Rien Wagenvoort and Dermot O'Brien, 2004. The Efficiency and the Conduct of European Banks: Developments after 1992, Review of Financial Economics 13 (4), 371-396.

Book chapters

  • Schure, Paul and Amy Verdun, 2018. The Single Market and Economic and Monetary Integration. Chapter 7 in Emmanuel Brunet-Jailly, Achim Hurrelmann and Amy Verdun (eds), European Union Governance and Policy Making: A Canadian Perspective, Toronto: University of Toronto Press), pp. 127-154.
  • Schure, Paul, 2013. European Financial Market Integration, Chapter 6 in Amy Verdun and Alfred Tovias (eds.) Mapping European Economic Integration, Houndmills, Basingstoke: Palgrave Macmillan, pp. 151-179.
  • Hallak, Issam and Paul Schure, 2011. Loans versus Bonds: The Importance of Potential Liquidity Problems for Sovereign Borrowers, Chapter 11 in Robert W. Kolb (ed.), Sovereign Debt: From Safety to Default, Kolb Series in Finance, John Wiley & Sons, ISBN-13: 978-0-470-92239-2.
  • Schure, Paul, 2005. Syndicated lending and Competition Policy: A Theoretical Perspective, in A. Bongardt (ed.), Competition Policy in the European Union: Experiences and the Challenges Ahead, Instituto Nacional de Administracao (INA), Oeiras, Portugal, Chapter 9, 103-108.
  • Schure, Paul and Amy Verdun, 2007. States and the Exercise of Power in the New European Union, in A. Verdun (ed.), Political and Economic Consequences of Economic and Monetary Union: Taking Stock of the First Eight Years, New York: Nova Publishing, ISBN: 1-60021-908-x, Chapter 3, 57-78. (reprint: originally published as States and the Exercise of Power in the New European Union, Current Politics and Economics of Europe, 18-2, 181-202.)

Other publications

  • D’Erman, Valerie, Paul Schure and Amy Verdun, 2020, Editors’ introduction to “Economic and Financial Governance in the European Union after a decade of Economic and Political Crises,” Journal of Economic Policy Reform, 23(3), 267-272. Available at: https://doi.org/10.1080/17487870.2020.1762599 (2020 JIF of JEPR: 2.455; IDEAS/RePEc SIF: #450)
  • della Posta, Pompeo and Paul Schure, 2020, Italia-Olanda: un confronto fra due economisti,  MicroMega, 05/2020, 185-197 (Dialogo su solidarietà europea, populismo e finanziamento dei fondi necessari a sostenere le spese per la ripresa dopo la Covid-19 / Dialogue between two economists on European solidarity, populism, and funding the recovery efforts in Europe during and after the COVID-19 pandemic)
  • Schure, Paul and Melissa Dodaro, 2015. 2014 Report on Angel Investing Activity in Canada, National Angel Capital Organization, Toronto, ON, Canada, June 2015. Available at: https://www.nacocanada.com/cpages/angel-activity-report
  • Paul Schure and Melissa Dodaro. 2013 Report on Angel Investing Activity in Canada, National Angel Capital Organization, Toronto, ON, Canada, May 2014. http://nacocanada.com/wp-content/uploads/2014/05/2013_Report-on-Angel-Investing_Report_Web.pdf
  • Hellmann, Thomas and Paul Schure, 2010. An Evaluation of the Venture Capital Program in British Columbia, Report Prepared for the Ministry of Small Business, Technology and Economic Growth.
  • Wagenvoort, Rien and Paul Schure, 1999. Who are Europe's Efficient Bankers? EIB Papers, 4(1), 105-126.