Shaun McDowell, Ph.D.


Ph.D. in Finance, University of Auckland, Business School, Auckland, New Zealand

M.M.S. in Finance (First Class), University of Waikato, Waikato Management School, Hamilton, New Zealand

B.Sc. in Computer Science (Co-op); Minor in Economics, University of Victoria, Victoria, B.C., Canada

Research Interest

Dr. McDowell’s research interests in estimation error are related to portfolio optimization, international diversification and the equity home bias puzzle.

Teaching Courses

  • FIN 3311 Corporate Finance II
  • GE 2021 Research and Technology


McDowell, S., Lee, J.B., & Marsden, A. (2020). The potential effect of taxes on the equity home bias in New Zealand PIEs. Pacific-Basin Finance Journal, 62, 101375.

McDowell, S. (2018). An empirical evaluation of estimation error reduction strategies applied to international diversification. Journal of Multinational Financial Management, 44, 1-13.

McDowell, S. (2018). The benefits of international diversification with weight constraints: A cross-country examination. The Quarterly Review of Economics and Finance, 69, 99-109.

McDowell, S. (2017). The benefits of international diversification: Re-examining the effect of market allocation constraints. The North American Journal of Economics and Finance, 41, 190-203.