Erwan Morellec
BIOGRAPHY
ERWAN MORELLEC is Swiss Finance Institute Professor and Professor of Finance at the Ecole Polytechnique Fédérale de Lausanne (EPFL), Switzerland. He is also the Head of the SFI Léman Centre, the Head of the SFI nation-wide PhD Program, and a CEPR Research Fellow. Formerly on the faculties of the Simon School of Business of the University of Rochester (USA) and HEC Lausanne (Switzerland), he holds a Ph.D. in Finance from HEC Paris.
Professor Morellec is most active in the areas of corporate finance and banking and has taught several courses on these subjects to undergraduate, MBA, and doctoral students. His recent research examines the effects of prudential regulation on banks' insolvency risk or the effects of financial market imperfections on corporate investment, financing, and risk management decisions. His research has been presented at major academic conferences and seminar series around the world and is published in top rated academic journals such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Economic Theory. He has received several research and teaching awards.
PERSONAL WEBPAGE
Link to my personal webpage
Publications
Infoscience
Publications
[1]
E. Morellec; B. Nikolov; N. Schürhoff : Agency conflicts around the world; Review of Financial Studies. 2018. DOI : 10.1093/rfs/hhy018.
[2]
J. Hugonnier; E. Morellec : Bank capital, liquid reserves, and insolvency risk; Journal of Financial Economics. 2017. DOI : 10.1016/j.jfineco.2017.05.006.
[3]
J.-P. Decamps; S. Gryglewicz; E. Morellec; S. Villeneuve : Corporate policies with permanent and transitory shocks; Review of Financial Studies. 2017. DOI : 10.1093/rfs/hhw078.
[4]
G. Favara; E. Morellec; E. Schroth; P. Valta : Debt enforcement, investment, and risk taking across countries; Journal of Financial Economics. 2017. DOI : 10.1016/j.jfineco.2016.09.002.
[5]
E. Morellec; P. Valta; A. Zhdanov : Financing Investment: The choice between bonds and bank loans; Management Science. 2015. DOI : 10.1287/mnsc.2014.2005.
[6]
J. Hugonnier; S. Malamud; E. Morellec : Credit market frictions and capital structure dynamics; Journal of Economic Theory. 2015. DOI : 10.1016/j.jet.2014.09.021.
[7]
J. Hugonnier; S. Malamud; E. Morellec : Capital supply uncertainty, cash holdings, and investment; Review of Financial Studies. 2015. DOI : 10.1093/rfs/hhu081.
[8]
J. N. Hugonnier; E. Morellec : Real options and risk aversion; Ambiguity, Real Options, Credit Risk and Insurance. 2012. DOI : 10.3233/978-1-61499-238-7-52.
[9]
E. Morellec; B. Nikolov; N. Schuerhoff : Corporate governance and capital structure dynamics; Journal of Finance. 2012. DOI : 10.1111/j.1540-6261.2012.01735.x.
[10]
E. Morellec; N. Schuerhoff : Corporate investment and financing under asymmetric information; Journal of Financial Economics. 2011. DOI : 10.1016/j.jfineco.2010.09.003.
[11]
E. Morellec; N. Schuerhoff : Dynamic investment and financing under personal taxation; Review of Financial Studies. 2010. DOI : 10.1093/rfs/hhp062.
[12]
P. François; E. Morellec : Closed-form solutions to stochastic switching problems; Journal of Mathematical Economics. 2008. DOI : 10.1016/j.jmateco.2007.09.002.
[13]
E. Morellec; D. Hackbarth : Stock returns in mergers and acquisitions; Journal of Finance. 2008.
[14]
E. Morellec; A. Zhdanov : Financing and takeovers; Journal of Financial Economics. 2008. DOI : 10.1016/j.jfineco.2007.01.006.
[15]
E. Morellec; M. J. Barclay; C. W. Smith Jr : On the debt capacity of growth options; Journal of Business. 2006.
[16]
E. Morellec; D. Hackbarth; J. Miao : Capital structure, credit risk, and macroeconomic conditions; Journal of Financial Economics. 2006. DOI : 10.1016/j.jfineco.2005.10.003.
[17]
E. Morellec; A. Zhdanov : The dynamics of mergers and acquisitions; Journal of Financial Economics. 2005. DOI : 10.1016/j.jfineco.2004.10.009.
[18]
E. Morellec; X. Guo; J. Miao : Irreversible investment with regime shifts; Journal of Economic Theory. 2005. DOI : 10.1016/j.jet.2004.04.005.
[19]
E. Morellec; P. François : Capital structure and asset prices: Some effects of bankruptcy procedures; Journal of Business. 2004. DOI : 10.1086/381280.
[20]
E. Morellec : Can managerial discretion explain observed leverage ratios; Review of Financial Studies. 2004. DOI : 10.1093/rfs/hhg036.
[21]
E. Morellec : Asset liquidity, capital structure, and secured debt; Journal of Financial Economics. 2001. DOI : 10.1016/S0304-405X(01)00059-9.
[22]
L. Gauthier; E. Morellec : Investment under uncertainty with implementation delay; New Developments and Applications in Real Options. 2000.
[23]
L. Gauthier; E. Morellec : Noisy information and investment decisions: A Note; Finance. 1999. DOI : 10.2139/ssrn.113189.
