Erwan Morellec

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PhD program committee member

erwan.morellec@epfl.ch https://sites.google.com/view/homepage-erwan-morellec/accueil

EPFL > VPA-AVP-DLE > AVP-DLE-EDOC > EDFI-GE

Web site: Web site: https://go.epfl.ch/edfi

EPFL > CDM > SFI > SFI-GE

EPFL > CDM > CDM-DIR > CDM-DI

Web site: Web site: https://www.epfl.ch/schools/cdm/

EPFL > CDM > CDM-DIR > CDM-CEA

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Fields of expertise

Corporate Finance, Corporate Governance, Fintech, Sustainable Finance, and Banking.

Biography

ERWAN MORELLEC is is a Full Professor of Finance at the Swiss Finance Institute (SFI) @ EPFL and the holder of a Swiss Finance Institute senior chair. He is the Head of the SFI nation-wide PhD Program and a CEPR Research Fellow.

Erwan is an expert in corporate finance, corporate governance, and sustainable finance and has taught courses on these subjects at EPFL, HEC Lausanne, MIT Sloan, and the University of Rochester. His research has been presented at major academic conferences and seminar series around the world and is published in the leading academic journals in finance such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and Management Science. Erwan has received several research and teaching awards. He holds a PhD in Finance summa cum Laude from HEC Paris.

PERSONAL WEBPAGE

Link to my personal webpage

Publications

Infoscience publications

Publications

[1] Asset life, leverage, and debt maturity matching

T. Geelen; J. Hajda; E. Morellec; A. Winegar

Journal Of Financial Economics. 2024-02-09. DOI : 10.1016/j.jfineco.2024.103796.

Erwan Morellec

PhD program committee member

Fields of expertise

Biography

PERSONAL WEBPAGE

Publications

Infoscience publications

Publications

[1] Asset life, leverage, and debt maturity matching

[2] Takeover Protections and Asset Prices

[3] Understanding Cash Flow Risk

[4] Can Corporate Debt Foster Innovation and Growth?

[5] Optimal financing with tokens

[6] Short-term debt and incentives for risk-taking

[7] Agency conflicts and short- versus long-termism in corporate policies

[8] Product Market Competition and Option Prices

[9] Agency conflicts around the world

[10] Bank capital, liquid reserves, and insolvency risk

[11] Corporate policies with permanent and transitory shocks

[12] Debt enforcement, investment, and risk taking across countries

[13] Financing Investment: The choice between bonds and bank loans

[14] Credit market frictions and capital structure dynamics

[15] Capital supply uncertainty, cash holdings, and investment

[16] Real options and risk aversion

[17] Corporate governance and capital structure dynamics

[18] Corporate investment and financing under asymmetric information

[19] Dynamic investment and financing under personal taxation

[20] Closed-form solutions to stochastic switching problems

[21] Stock returns in mergers and acquisitions

[22] Financing and takeovers

[23] On the debt capacity of growth options

[24] Capital structure, credit risk, and macroeconomic conditions

[25] The dynamics of mergers and acquisitions

[26] Irreversible investment with regime shifts

[27] Capital structure and asset prices: Some effects of bankruptcy procedures

[28] Can managerial discretion explain observed leverage ratios

[29] Asset liquidity, capital structure, and secured debt

[30] Investment under uncertainty with implementation delay

[31] Noisy information and investment decisions: A Note

Teaching & PhD

Teaching

PhD Students

Past EPFL PhD Students

All postal addresses and positions