The Department of Finance is devoted to excellence in teaching and research in the full range of subfields of finance including corporate finance, banking, asset pricing, portfolio analysis, risk management, energy finance and market microstructure. Aligned with ECOS 2025, our curriculum and research are guided by the principle of "responsible business", which concerns shareholder wealth as well as climate change and social transition. The ultimate aim is to develop a curriculum and a research that serve the interests of society as a whole.
The Department of Finance facilitates a stimulating environment for research and learning. It has grown in recent years to become one of the most highly-regarded finance groups in France and in Europe. Faculty members regularly publish in top academic journals, with recent publications being featured in the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the Review of Finance, and Management Science.
The Department of Finance also maintains close ties with private and public institutions both nationally and internationally. As such, part of our research agenda aims at supporting public policy makers and corporate practitioners. As testimony of its impact, our research has received in recent years numerous public and private funding (for example, PANORisk, Horizon 2020, ANR, Finance for Innovation chair. The Department of Finance regularly hosts a wide variety of seminars and conferences (for example, the 2021 conference of the French Finance Association). Our research is further communicated to the public through traditional and online media.
Our pedagogy guides our students to develop strong technical skills and critical thinking. It is driven by renewed efforts for the development of teaching material that integrates the required rigour of finance practitioners with a focus on social and environmental responsibility. We offer programs ranging from undergraduate to executive levels and enjoy a reputation of excellence for our teaching.
Sustainable finance: Alexandre Garel, Carine Girard-Guerraud, Iordanis Kalaitzoglou, Giacomo Nocera
Entrepreneurial finance: Carine Girard-Guerraud, Aristogenis Lazos
Corporate governance: Alexandre Garel, Carine Girard-Guerraud, Panagiotis Politsidis, Etienne Redor
Banking: Emilios Galariotis, Iordanis Kalaitzoglou, Giacomo Nocera, Panagiotis Politsidis
M&A: Etienne Redor
Shareholder activism : Carine Girar-Guerraud
Risk management: Joelle Miffre
Financial Mathematics/Time Modelling: Iordanis Kalaitzoglou
Algorithmic trading: Alexandre Garel
My research focuses on the advancement of the Energy Transition with a focus on energy-related geopolitical issues, gas and LNG market dynamics and RES investments. I also apply financial engineering and operational research tools on risk management and investment techniques in the energy markets.
My research and teaching focus around the major areas of corporate finance, including: M&A, Capital Structure, M&A, Private Equity and Security Offerings.
“My mission is neither to teach my students, nor to make them happy, it’s to enable them to learn and to think critically, in their own diverse ways, so they develop skills and attitudes that can propel their careers in the industry of their choice, while taking responsibility for their decisions in light of increasingly complex global issues”
‘My research concentrates on efficiency (banking efficiency, energy efficiency, sport organisations efficiency, or local government efficiency) as well as financial markets efficiency and behavioral finance’
‘My reseach focuses on green finance, behavioral finance, and the impact of regulation on financial markets. I teach Python for Finance, the creation of online interactive dashboards with R, and corporate finance.’
“My research and teaching focus on the activism and ESG engagement of equity private and institutional investors; their investment logics with or without social purpose; their voice and exit tactics via digital tools (such as crowdfunding platforms) and their impacts on corporate governance practices and mechanisms (such as ‘société à mission’), from start-ups to listed companies. The aim is to highlight the variety of equity funding and corporate governance trajectories.”
My research agenda focuses in assessing the performance of local governments and credit risk modeling, as well as financial markets efficiency and corporate governance.
‘My work focuses on the modelling of time in financial markets and its implications on regulation, behavioural aspects and asset pricing. I am interested in particular on energy markets and commodities.’
Vlado Kysucky specializes in developing market infrastructures based on good governance, accessibility, and positive impact. His research addresses key questions surrounding access to financing for small and medium-sized enterprises, efficient banking and capital markets, and financial innovation.
‘My research focuses on FinTech with a strong focus in alternative finance for young innovative ventures’
I mainly teach the basics of finance (market finance or corporate finance). The objective of my courses is twofold, on the one hand to allow students who will specialise in finance to acquire all the necessary technical skills and financial reasoning and on the other hand to allow students who will not specialise in finance to understand the language and reasoning of finance. My research focuses on the equity risk premium puzzle.
An international banker by background and experience, I teach Financial Markets, Treasury Management, Financial Analysis, financial Management and other bank related subjects.
‘My research seeks to provide hands-on solutions to practitioners interested in designing new investment products. It centres in particular on the pricing and management of commodity futures.’
‘My current research, based on an empirical methodology, focuses on banking and insurance management and regulation. I try to investigate how regulatory changes affect financial intermediaries’ behavior and how financial firms’ conduct should be accounted for by regulators.’
‘Our research aims at advancing knowledge in all major fields of finance, enhancing its applicability to real-life situations and assisting in policy-making.’
My research focuses on corporate finance (Mergers and acquisitions, Private equity, Firm valuation) and corporate governance (Board composition, Ethics and governance, Executive compensation).
“My research is on developing new econometric techniques to price financial assets and empirically test their theorized relationships.”
My main research interests are empirical asset pricing, behavioral finance, and macro finance. In particular, I am interested in what drives asset price movement in the short and long run.
Discover some of the programmes offered to students in Finance: