Sébastien Michenaud

Sébastien Michenaud is an Adjunct Professor of Finance. He is also an associate professor of finance at DePaul University’s Driehaus College of Business and was previously an assistant professor at the Jones Graduate School of Business at Rice University. 

Michenaud's research interests are in corporate finance, corporate governance, and behavioral finance, with a special focus on the effects of financial markets on firms’ decisions. Some of his work has investigated the effects of short-selling constraints on the financing and investment decisions of corporations and on the design of CEOs’ compensation contracts. His work also investigates the influence of institutional investors on corporate policies and corporate governance, and the influence sell-side equity analysts have on firms’ corporate financial decisions. His research has been published in the Review of Financial Studies, the Journal of Financial Economics, The Review of Asset Pricing Studies, and the Journal of International Money and Finance. His research has received several awards including the McGraw-Hill Best Paper Award in Corporate Finance, the Wharton Research Data Services Best Empirical Finance Paper Award, and the runner-up for the UBS Best Paper Award at the European Finance Association Meetings.

Michenaud teaches the corporate finance class to MBAs. He has been twice the recipient of the Award for Excellence in Teaching by the MBA for Professionals Evening Class at Rice’s Jones Graduate School.

Professor Michenaud has previously worked with Bankers Trust in London and Madrid in the M&A department (now Deutsche Bank), with Schneider Electric in Chicago in the corporate strategy department, and with Arkwright Ltd in Paris, London, and Oslo as a strategy consultant. He holds a PhD from HEC Paris, a PhD from the Swiss Finance Institute, an MS in economics from the Paris School of Economics (EHESS), and an MA in Management (Finance major) from HEC Paris.