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Web site: Web site: https://www.epfl.ch/labs/sfi-em/
Fields of expertise
BiographyERWAN 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, sustainable finance, and banking and has taught several courses on these subjects to undergraduate, MBA, and doctoral students.
PERSONAL WEBPAGELink to my personal webpage
 Understanding Cash Flow RiskReview Of Financial Studies. 2022-07-18. DOI : 10.1093/rfs/hhab127.
 Can Corporate Debt Foster Innovation and Growth?Review Of Financial Studies. 2022. DOI : 10.1093/rfs/hhab129.
 Optimal financing with tokensJournal Of Financial Economics. 2021-12-01. DOI : 10.1016/j.jfineco.2021.05.004.
 Short-term debt and incentives for risk-takingJournal Of Financial Economics. 2020-07-01. DOI : 10.1016/j.jfineco.2019.07.008.
 Agency conflicts and short- versus long-termism in corporate policiesJournal Of Financial Economics. 2020-06-01. DOI : 10.1016/j.jfineco.2019.12.003.
 Product Market Competition and Option PricesReview Of Financial Studies. 2019-11-01. DOI : 10.1093/rfs/hhz027.
 Agency conflicts around the worldReview of Financial Studies. 2018. DOI : 10.1093/rfs/hhy018.
 Bank capital, liquid reserves, and insolvency riskJournal of Financial Economics. 2017. DOI : 10.1016/j.jfineco.2017.05.006.
 Corporate policies with permanent and transitory shocksReview of Financial Studies. 2017. DOI : 10.1093/rfs/hhw078.
 Debt enforcement, investment, and risk taking across countriesJournal of Financial Economics. 2017. DOI : 10.1016/j.jfineco.2016.09.002.
 Financing Investment: The choice between bonds and bank loansManagement Science. 2015. DOI : 10.1287/mnsc.2014.2005.
 Credit market frictions and capital structure dynamicsJournal of Economic Theory. 2015. DOI : 10.1016/j.jet.2014.09.021.
 Capital supply uncertainty, cash holdings, and investmentReview of Financial Studies. 2015. DOI : 10.1093/rfs/hhu081.
 Real options and risk aversionAmbiguity, Real Options, Credit Risk and Insurance. 2012. DOI : 10.3233/978-1-61499-238-7-52.
 Corporate governance and capital structure dynamicsJournal of Finance. 2012. DOI : 10.1111/j.1540-6261.2012.01735.x.
 Corporate investment and financing under asymmetric informationJournal of Financial Economics. 2011. DOI : 10.1016/j.jfineco.2010.09.003.
 Dynamic investment and financing under personal taxationReview of Financial Studies. 2010. DOI : 10.1093/rfs/hhp062.
 Closed-form solutions to stochastic switching problemsJournal of Mathematical Economics. 2008. DOI : 10.1016/j.jmateco.2007.09.002.
 Stock returns in mergers and acquisitionsJournal of Finance. 2008. DOI : 10.1111/j.1540-6261.2008.01356.x.
 Financing and takeoversJournal of Financial Economics. 2008. DOI : 10.1016/j.jfineco.2007.01.006.
 On the debt capacity of growth optionsJournal of Business. 2006.
 Capital structure, credit risk, and macroeconomic conditionsJournal of Financial Economics. 2006. DOI : 10.1016/j.jfineco.2005.10.003.
 The dynamics of mergers and acquisitionsJournal of Financial Economics. 2005. DOI : 10.1016/j.jfineco.2004.10.009.
 Irreversible investment with regime shiftsJournal of Economic Theory. 2005. DOI : 10.1016/j.jet.2004.04.005.
 Capital structure and asset prices: Some effects of bankruptcy proceduresJournal of Business. 2004. DOI : 10.1086/381280.
 Can managerial discretion explain observed leverage ratiosReview of Financial Studies. 2004. DOI : 10.1093/rfs/hhg036.
 Asset liquidity, capital structure, and secured debtJournal of Financial Economics. 2001. DOI : 10.1016/S0304-405X(01)00059-9.
 Investment under uncertainty with implementation delayNew Developments and Applications in Real Options. 2000.
 Noisy information and investment decisions: A NoteFinance. 1999. DOI : 10.2139/ssrn.113189.
Teaching & PhD