You are now in the main content area
Daniel Tut

Dr. Daniel Tut

Associate Professor
DepartmentFinance
EducationHBA (UofT), MA (York), PhD (York-Schulich)
Phone416-979-5000, ext: 552580

Overview

Dr. Tut’s research interests lie at the intersection of capital markets and the real economy. In particular, his research focuses on capital structure, laws and finance, and corporate governance. The main theme of his research is how government policies and exogenous shocks affect firms' real decisions. His works examine the effects of stronger creditor rights protection on capital markets, bankruptcy/financial distress, the role of FinTech in spurring innovation and productivity growth, conflicts between creditors, shareholders, and managers, and the effects of political uncertainty on firms’ real decisions. These works have been published in highly regarded Journals in finance. He has presented his research at some of the most prominent conferences in finance including the American Finance Association, Southern Finance Association, Eastern Finance Association, and the Northern Finance Association. He won the Top Paper Award at the 2021 Global Finance Conference for his work on political risks and capital reallocation, and for research excellence, he has been awarded the TRSM Research Recognition Award multiple times (in 2022 and 2024). He is officially ranked among the Top 25% of Authors in Canada for Economics and finance research based on publications over the last 10 years (2015-2025). While completing his doctorate at the Schulich School of Business, he won multiple academic excellence awards and was recognized twice (in 2019 and 2020) by the Dean for Teaching Excellence. At TRSM, he teaches courses on Managerial Finance, FinTech/Blockchain/Cryptocurrencies, and Financial Intermediation: Money, Banking, and Financial Institutions.  He is also involved in policy work and served as a supervisor on the city of Toronto's 10-Year (2025-2035) economic action plan. He has consulted on capital projects for some of the major publicly listed corporations in Canada and has been involved in training business executives on financial analysis and valuation. He also contributes to the broader community (served on Pearson’s Finance Advisory board), and he routinely provides expert opinion for major media outlets such as the Canadian Broadcasting Corp. (CBC)/Radio and Betakit, amongst others. He is also involved in mentoring students on strategic financial planning and personal finance.

Google Scholar profile (external link, opens in new window) 
SSRN profile  (external link, opens in new window) 

Corporate Finance, Debt Financing, Banking and Financial institutions, Creditors Rights Protection.

Conferences
Financial management Association (Scheduled)
Southern Finance Association (Scheduled)
American Finance Association
Northern Finance Association
Eastern Finance Association
Southwestern Finance Association
Courses
Financial Intermediation - Ted Rogers School of Management
Investments
Corporate Finance
Personal Finance
Managerial Finance
Grant
Ted Roger School of Management - Start-Up Research Fund
Research Fellowship - IFID Centre at the Fields Institute 
Honour / Award
Dean’s Letter of Commendation for Teaching Excellence (2020)
Dean’s Letter of Commendation for Teaching Excellence (2019)
Schulich Scholarship of Merit for PhD 
Chancellor Scholarship for High Academic Achievement - Ashbaugh