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Adjaoud, Fodil

Adjaoud, Fodil

Full Professor
Diplôme d'études comptables supérieures (Délivré par le Secrétariat aux Universités), M.B.A. (uLaval), Ph.D. (uLaval), C.G.A. (Corporation professionnelle des comptables généraux licenciés), CPA, CMA (Société des comptables accrédités en management), FCPA
DMS 7105
613-562-5800 x 4767
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Research Areas
  • Accounting
  • Accounting Information Relevancy
  • Corporate Governance and Performance
  • Dividend and Financial Policy
  • Finance
  • Financial Management
  • International Financial Market Integration
  • Managerial Accounting
  • Performance Indicators
  • Performance Measures
  • Wealth-Creation Strategies
Teaching Areas
  • Accounting
  • Management


Professor Adjaoud teaches undergraduate and graduate (MBA) courses in his two areas of expertise: financial management and accounting. Professor Adjaoud’s research deals with wealth creation, performance indicators, dividend policy and governance. His work has been published in leading academic and professional journals.

Professor Adjaoud’s teaching is highly appreciated by his students who, for several years now, have awarded him the teaching excellence award in the MBA program.

Professor Adjaoud is a member of the Ordre des comptables généraux accrédités du Québec (CGA) and the Ordre des comptables en management accrédités du Québec (CMA). He is a student adviser at the Telfer School of Management for Québec and Ontario’s certified accountant associations.

Publications during the last 7 years


Adjaoud, F., Chkir, I. and Kooli, M. Finance d'entreprise: Évaluation et gestion. Montréal, QC, Canada: Chenelière McGraw-Hill, 2013.

Chapters in Books

Adjaoud, F., Charfi, D. and Chourou, L. Corporate Governance and Investment Decisions. In Baker, H.K. and English, P.. Capital Budgeting Valuation: Financial Analysis for Today's Investment Projects. New Jersey, USA: John Wiley & Sons, Inc., 2011.

Papers in Refereed Journals

Adjaoud, F. and Hermassi, N. 2017. The impact of Corporate Governance Mechanisms on The Dividend Policy of Canadian Firms: Empirical Study. International Journal of Accounting and Finance.

Adjaoud, F. and Hermassi, N. 2017. The Impact of Corporate Governance Quality on Capital Structure: A New Perspective. Corporate Ownership & Control.

Adjaoud, F., Hermassi, N. and Aloui, C. 2015. The Effect of Corporate Governance and Ownership Structure on Capital Structure: Empirical Evidence from Canada. Gestion 2000, 32(6): 95-114.

Adjaoud, F., Hermassi, N. and Aloui, C. 2015. Corporate Governance and Credit Ratings in Canada. International Journal of Business Research, 15(4): 33-46.

Hermassi, N. and Adjaoud, F. 2014. The Impact of Corporate Governance Mechanisms on Performance: New Evidence. Journal of International Finance and Economics, 14(4): 143-152.

Adjaoud, F. 2013. Corporate Governance and Performance: The weakest link?. Journal of International Finance and Economics, 13(4): 153-161.

Adjaoud, F., Ben Amar, W. and Siala, F. 2012. The Impact of Board Characteristics and Ownership Structure on Corporate Dividend Policy in Canada. Journal of International Finance Studies, 12(4): 5-18.

Adjaoud, F. and Ben Amar, W. 2010. Corporate Governance and Dividend Policy: Shareholders' Protection or Expropriation?. Journal of Business Finance & Accounting, 37(5-6): 648-667.