Regular biography
Erwan Morellec is a Professor of Finance at École Polytechnique Fédérale de Lausanne (EPFL), where he also serves as Director of the Finance Institute and Head of the Swiss Finance Institute nation-wide PhD Program. He holds a PhD in Finance Summa cum Laude from HEC Paris and is a CEPR Research Fellow. His research focuses on corporate finance, corporate governance, and sustainable finance. He has taught at EPFL, HEC Lausanne, MIT Sloan, and the University of Rochester. His work has been published in leading finance journals, including the Journal of Finance, the Journal of Financial Economics, and Management Science. He has also presented his research at major academic conferences worldwide.
Scholar-generated biography
Erwan Morellec is a Professor of Finance at EPFL, specializing in corporate finance and financial markets. His research explores topics such as capital structure, credit risk, and corporate governance, with a focus on how firms manage debt and equity. Morellec's work examines the interplay between financial decisions and macroeconomic conditions, as well as the role of managerial discretion in shaping leverage ratios. He investigates the impact of financial structure on investment and risk-taking behaviors, particularly in the context of asymmetric information and agency conflicts. His research also addresses the dynamics of mergers and acquisitions, the effects of bankruptcy procedures on asset prices, and the implications of short-term debt on corporate risk-taking.