Felipe Aguerrevere

Associate Professor- Chair, Department of Finance
Chair/FIN, Department of Finance


Associate Professor- Chair, Department of Finance
(780) 492-8288
4-20J Business Building
11203 Saskatchewan Drive NW
Edmonton AB
T6G 2R6

Chair/FIN, Department of Finance



Research Interests

  • Real Options
  • Commodity Contingent Claims
  • Asset Pricing


Teaching Interests

  • Risk Management
  • Derivative Securities
  • Asset Pricing Theory


FIN 413 - Risk Management

This course examines the markets and valuation models for options and future contracts, and their application to hedging and the valuation of the other financial contracts. Prerequisite: FIN 301.

Fall Term 2021

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Scholarly Activities

Research - Publications

Equilibrium Investment Strategies and Output Price Behavior: A Real-Options Approach. The Review of Financial Studies, Winter 2003, Vol. 16, No. 4, pp. 1239 – 1272. 

What Drives Income Trusts Conversions, with Federica Pazzaglia and Rahul Ravi. Canadian Investment Review Winter 2005, Vol. 18, No. 4, pp. 8 – 15. 

Book Review: “What When Wrong at Enron” Energy Studies Review, Vol. 11, No. 1, 2003, pp. 97-99 

"La Valuacion de la Empresa" (The Valuation of the Company) in Apertura y privatizacion de las comunicaciones en Venezuela. Eds. Antonio Frances. Caracas, Venezuela. Ediciones IESA. 1993.

Research - Working Papers

Managerial Risk Aversion and Corporate Risk Management: Evidence from U.S. Oil and Gas Producers, with Xuequn Wang

The Role of Learning in Corporate Hedging Behavior, with Xuequn Wang 

Storage and the Pricing of Commodity Futures 

Irreversible Investment with Time to Build. (Doctoral Program Outstanding Research Paper Award (1997), The Anderson School at UCLA) 

Irreversible Investment, Competition and The Term Structure of Commodity Futures Prices


Real Options, Product Market Competition and Asset Returns
Author(s): Felipe Aguerrevere
Publication: Journal of Finance
Volume: Vol 64, No. 2
Page Numbers: pp. 957 – 983
External Link: https://www.ualberta.ca/-/media/118508F5E2F24B27869C90EF3DD45773