The Banking and Corporate Finance programme brings together researchers interested in all areas of banking and corporate finance and related strands of research.

CEPR has a long history of promoting research in financial economics. The Financial Economics programme has recently split in two; Banking and Corporate Finance (BCF) and Asset Pricing (AP), to provide more targeted conferences and interactions.

Key areas covered by the Banking and Corporate programme are:-

  • Banks and non-bank intermediaries

  • Financial stability, insurance and pension companies

  • Bank supervision and regulation

  • Financial markets and economic activity

  • Risk management, monetary policy and central banking

  • Behavioural corporate finance and financial intermediation

  • Fintech, big data and machine learning

  • Corporate governance, capital structure, dividend and payout structure

  • Corporate control and going public

  • Finance and labour

  • Financial innovation, mergers and acquisitions

While aiming to maintain the two strands of Financial Economics separate to the extent possible, CEPR recognises that some researchers are active in areas relevant for BCF and AP programmes. For this reason, Fellows and Affiliates in the BCF programme will also receive calls for papers and other communications by the AP programme, for a time.

Annual Symposia

BCF Symposium 

The new BCF Symposium will take place annually from 2024. 
In 2023 the BCF Group will support the Bocconi - BAFFI CAREFIN - CEPR Workshop On Financial Intermediation and Corporate Finance

ESSFM – Corporate Finance Week 

Fellows and Affiliates in the BCF programme will meet annually at the European Summer Symposium in Financial Markets (ESSFM). Hosted by the Studienzentrum Gerzensee since 1991, ESSFM includes daily seminars in which participants present their work, as well as less formal seminars scheduled at the beginning of the Symposium. ESSFM is held over two weeks, one of which concentrates on some recent development in corporate finance. 

A substantial amount of time is reserved for independent work and collaborative research, which provides participants with a unique opportunity to interact and discuss each other's research. In addition, every Symposium features 'focus sessions', concentrating on the latest developments at the frontier within a specific area of research. 

Programme Directors

Elena Carletti

Full Professor of Finance, Finance Department Bocconi University

Researchers

Viral Acharya

C V Starr Professor of Economics, Department of Finance, Stern School of Business New York University

Tobias Adrian

Financial Counsellor and Director, Monetary and Capital Markets International Monetary Fund

Franklin Allen

Professor of Finance and Economics, Director of the Brevan Howard Centre, Vice Dean of Research and Faculty Imperial College London - Business School

Ronald Anderson

Professor of Finance London School of Economics and Political Science

Marco Becht

Professor of Finance and Goldschmidt Professor of Corporate Governance, Solvay Brussels School for Economics and Management ECARES, ULB

Thorsten Beck

Professor of Financial Stability and Director, Florence School of Banking and Finance European University Institute

Bo Becker

Cevian Capital Professor of Finance in the Department of Finance Stockholm School Of Economics

Juliane Begenau

Associate Professor of Finance at the Stanford Graduate School of Business Stanford University

Erik Berglöf

Chief Economist Professor in Practice (LSE) & Director of IGA London School of Economics and Political Science

Bruno Biais

Research Professor of Economics and Finance Toulouse School Of Economics

Patrick Bolton

Professor of Finance and Economics Imperial College London - Business School

Arnoud Boot

Research Fellow Centre for Economic Policy Research; Professor of Corporate Finance and Financial Markets University Of Amsterdam

Marieke Bos

Economist and Deputy Director, the Swedish House of Finance Stockholm School Of Economics; Associate Professor of Finance Vrije Universiteit Amsterdam

Markus Brunnermeier

Edwards S. Sanford Professor of Economics, Director of the Bendheim Center for Finance Princeton University

Valentina Bruno

Professor of Finance and Real Estate, Kogod Research Professor American University

Mike Burkart

Professor of Finance London School of Economics and Political Science

Elena Carletti

Full Professor of Finance, Finance Department Bocconi University

Stijn Claessens

Deputy Head of Monetary and Economic Department Bank For International Settlements

Alma Cohen

Professor of Empirical Practice, Harvard Law School Harvard University; Associate Professor, Tel-Aviv Department of Economics Tel Aviv University

Jennifer Corbett

Emeritus Professor, Crawford School of Public Policy Australian National University; Emeritus Fellow, St Antony's College University Of Oxford; Project Professor, Tokyo College University Of Tokyo

Jean-Pierre Danthine

Professor Managing Director Emeritus Professor of Economics and Finance HEC Lausanne; Associate member and President Paris School of Economics (PSE)

Ralph De Haas

Director of Research European Bank for Reconstruction and Development (EBRD); Part-time Professor of Finance KU Leuven

Mathias Dewatripont

Professor of Economics, Co-Director of I3h Institute and ECARES (Solvay Brussels School) Researcher Université Libre De Bruxelles

Andrew Ellul

Professor of Finance and and Fred T. Greene Chair in Finance, Kelley School of Business Indiana University

Miguel A. Ferreira

Research Assistant London Business School; Banco BPI Chair in Finance, Nova School of Business and Economics; University of Lisbon

Daniel Ferreira

Professor of Finance London School of Economics and Political Science

Paolo Fulghieri

Macon G. Patton Distinguished Professor and Area Chair of Finance Kenan-Flagler Business School

Andreas Fuster

Associate Professor of Finance, SFI Senior Chair EPFL; Economic Advisor Swiss National Bank (SNB)

Mariassunta Giannetti

Research Fellow Centre for Economic Policy Research; Professor of Finance Stockholm School Of Economics

Mireia Gine

Associate Professor of Finance, IESE Business School & Director at WRDS, The Wharton School University Of Pennsylvania

Veronica Guerrieri

Ronald E. Tarrson Professor of Economics, Booth School of Business University of Chicago

Luigi Guiso

Axa Professor of Economics and Finance Einaudi Institute for Economics and Finance (EIEF)

Michel Habib

Professor of Finance Professor of Finance Universitat Zurich

Jan Hanousek

Full Professor at CERGE-EI, joint workplace of the Charles University and Academy of Sciences of the Czech Republic Charles University

Rainer Haselmann

Chaired Professor of Finance, Accounting and Taxation Goethe University Frankfurt

Florian Heider

Professor of Economics Goethe University Frankfurt; Scientific Director Leibniz Institute For Financial Research Safe

Christian HELLWIG

Professor of Economics and Scientific Director Toulouse School Of Economics

Marie Hoerova

Senior Adviser, Directorate General Research European Central Bank

Johan Hombert

Associate Professor of Finance HEC Paris School of Management

Rajkamal Iyer

Associate Professor of Finance Imperial College London - Business School; Assistant Professor of Finance MIT Sloan School Of Management

Dirk Jenter

Associate Professor of Finance London School of Economics and Political Science

Marcin Kacperczyk

Professor of Finance, Imperial College London Business School London Business School

Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance, Booth School of Business University of Chicago

Matti Keloharju

Aalto Distinguished Professor Aalto University School of Business; Research Affiliate

Luc Laeven

Research Fellow Centre for Economic Policy Research; Director-General of the Directorate General Research European Central Bank

Christian Leuz

Charles F. Pohl Distinguished Service Professor of Accounting and Finance, University of Chicago's Booth School of Business University of Chicago

Matteo Maggiori

Professor Stanford University, Graduate School of Business Stanford University

Colin Mayer

Peter Moores Professor of Management, Saïd Business School; Professorial Fellow of Wadham College, Oxford; CEPR Research Fellow University Of Oxford

David Miles

Professor of Economics Imperial College London - Business School

Alan Morrison

Professor of Finance, Saïd Business School University Of Oxford

Holger Mueller

Nomura Professor of Finance at the Leonard N. Stern School of Business New York University

Kjell Nyborg

Research Fellow Centre for Economic Policy Research; Chaired Professor of Finance Universitat Zurich

Martin Oehmke

Professor of Finance London School of Economics and Political Science

Steven Ongena

Research Professor KU Leuven; Senior Chair Swiss Finance Institute; Professor in Banking Universitat Zurich

Loriana Pelizzon

Professor of Law and Finance at the Leibniz Institute for Financial Research SAFE Goethe University Frankfurt

Enrico Perotti

Founding President, A Sustainable Future, University of Amsterdam Member of Advisory Scientific Committee, European Systemic Risk Board Professor of International Finance University Of Amsterdam

José-Luis Peydró

Research Professor and Research Associate Centre de Recerca en Economia Internacional (CREI); ICREA Professor of Economics at UPF ICREA Universitat Pompeu Fabra

Katharina Pistor

Michael I. Sovern Professor of Law and Director of the Center on Global Legal Transformation, Columbia Law School Columbia University

Helene Rey

Vice President, Special Projects Centre for Economic Policy Research; Lord Bagri Professor of Economics London Business School

Jean Charles Rochet

Research Director at Institut D’Économie Industrielle Toulouse 1 Capitole University; Professor of Economics Toulouse School Of Economics

Joerg Rocholl

President and Deutsche Bank Professor in Sustainable Finance ESMT Berlin European School of Management and Technology

Tano Santos

Professor of Finance and Economics Columbia University

Paola Sapienza

Professor, Kellogg School of Management Northwestern University

Isabel Schnabel

Member of the Executive Board European Central Bank; Professor of Financial Economics (on leave) University Of Bonn

Philipp Schnabl

Martin J. Gruber Professor in Asset Management Stern School of Business, New York University (NYU)

Antoinette Schoar

Michael M. Koerner (49’) Professor of Entrepreneurial Finance at the MIT Sloan School of Management MIT Sloan School Of Management

Dirk Schoenmaker

Professor of Banking and Finance, Rotterdam School of Management Erasmus University Rotterdam

Amit Seru

Senior Fellow Hoover Institution; The Steven and Roberta Denning Professor of Finance Stanford Graduate School of Business; Senior Fellow Stanford Institute for Economic Policy Research

Henri Servaes

Richard Brealey Professor of Corporate Governance and Professor of Finance London Business School

Alireza Tahbaz-Salehi

Assistant Professor in the Decision, Risk, & Operations Division at Columbia Business School Columbia University; Professor of Managerial Economics and Decision Sciences Kellogg School Of Management, Northwestern University

Margarita Tsoutsoura

Associate Professor of Finance and John and Dyan Smith Professor of Management and Family Business Cornell University; Associate Professor of Finance, Olin Business School Washington University In St. Louis

Harald Uhlig

Bruce Allen and Barbara Ritzenthaler Professor of Economics University of Chicago

Laura Veldkamp

Cooperman Professor of Economics and Finance Columbia University

Xavier Vives

Research Fellow Centre for Economic Policy Research; Professor of Economics and Finance Academic Director of the Public-Private Sector Research Center IESE Business School, Barcelona

Alexander F. Wagner

Research Associate Senior Chair Swiss Finance Institute; Professor University Of Zurich

Josef Zechner

Professor of Finance Wu Vienna University Of Economics And Business

Luigi Zingales

Research Fellow Centre for Economic Policy Research; Research Fellow Centre for Economic Policy Research; Robert C. McCormack Professor of Entrepreneurship and Finance University of Chicago

Research affiliates

Manuel Adelino

Assistant Professor of Finance at the Fuqua School of Business Duke University

Jose Azar

Assistant Professor of Economics, IESE Business School, University of Navarra

Ramin Baghai

Associate Professor of Finance Stockholm School Of Economics

Jean-Noel Barrot

Alfred Henry and Jean Morrison Hayes Career Development Professor and Assistant Professor of Finance, Sloan School of Management MIT Sloan School Of Management

Claire Célérier

Assistant Professor of Finance, Rotman School of Management University Of Toronto

Olivier Dessaint

Assistant Professor of Finance, Rotman School of Management University Of Toronto

Elisabeth Kempf

Jaime and Raquel Gilinski Associate Professor of Business Administration Harvard Business School; Associate Professor of Finance, Booth School of Business University of Chicago

Theresa Kuchler

Assistant Professor of Finance, Stern School of Business New York University

Yueran Ma

PhD candidate in Business Economics Harvard University

Diane Pierret

PhD candidate in Statistics IRES/LIDAM - UCLouvain; Researcher at the Volatility Institute Stern School of Business, New York University (NYU); Assistant Professor University Of Luxembourg

Andrea Polo

Research Affiliate Einaudi Institute for Economics and Finance (EIEF); Associate Professor Luiss Guido Carli Free International University for Social Studies

anatoli segura

Economist at Financial Stability Directorate Bank of Italy; Research Affiliate Centre for Economic Policy Research

Rui Silva

Associate Professor of Finance London Business School; Associate Professor of Finance Nova School Of Business And Economics

Elena Simintzi

Associate Professor of Finance University of North Carolina at Chapel Hill

Huan Tang

Assistant Professor of Finance London School of Economics and Political Science

Ansgar Walther

Associate Professor of Finance Imperial College London - Business School

Jing Zeng

Associate Professor of Finance University Of Bonn

Hongda Zhong

Assistant Professor of Finance London School of Economics and Political Science