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 in the Department of Finance, Stern School of Business New York University

Tobias Adrian

Financial Counsellor and Director of the Monetary and Capital Markets Department International Monetary Fund

Rui Albuquerque

Professor of Finance and Seidner Family Faculty Fellow Boston College; Blog Editor for the Portuguese Economy Research Report

Franklin Allen

Professor of Finance and Economics and Executive Director of the Brevan Howard Centre Imperial College London Business School

Ronald Anderson

Emeritus Professor of Finance London School Of Economics And Political Science

Ronald Anderson

Professor of Finance London School Of Economics And Political Science

Ana Babus

Assistant Professor of Economics Washington University In St. Louis

Marco Becht

Professor of Finance and the Goldschmidt Professor of Corporate Governance at the Solvay Brussels School for Economics and Management Universite Libre De Bruxelles

Bo Becker

Director, Swedish House of Finance; 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

Bruno Biais

Research Professor of Economics and Finance Toulouse School Of Economics

Patrick Bolton

Barbara and David Zalaznick Professor Emeritus of Business and Professor Emeritus of Economics Finance Columbia University; Visiting Professor of Finance Imperial College London

Arnoud Boot

Fellow Royal Netherlands Academy of Arts and Sciences; 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 and Director of the Bendheim Center for Finance Princeton University

Valentina Bruno

Professor of Finance and Kogod Faculty Excellence Fellow in Finance for the Kogod School of Business 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

Head of Financial Stability Policy and Deputy Head of the 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

Francesca Cornelli

Donald P. Jacobs Chair of Finance and Dean of the Kellogg School of Management Northwestern University

Jean-Pierre Danthine

Managing Director Emeritus Professor of Economics and Finance HEC Lausanne; Associate Member and President Paris School of Economics (PSE); Professor Swiss Federal Institute of Technology Lausanne (EPFL)

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 Universite Libre De Bruxelles

Andrew Ellul

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

Daniel Ferreira

Professor of Finance London School Of Economics And Political Science

Laurent Frésard

Research Chair Swiss Finance Institute; Professor of Finance Università Della Svizzera Italiana

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)

Mireia Gine

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

Xavier Giroud

Roger F. Murray Associate Professor of Finance Columbia University

Veronica Guerrieri

Ronald E. Tarrson Professor of Economics, Booth School of Business, Willard Graham Faculty Scholar University Of Chicago

Luigi Guiso

AXA Professor of Household Finance Einaudi Institute for Economics and Finance (EIEF)

Michel Habib

Professor of Finance Professor of Finance University Of Zurich

Jan Hanousek

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

Gikas Hardouvelis

Professor of Finance and Economics in the Department of Banking and Financial Management University of Piraeus

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

Deniz Igan

Head of Macroeconomic Analysis in the Monetary and Economic Department Bank For International Settlements

Roman Inderst

Professor of Finance and Economics Goethe University Frankfurt

Rajkamal Iyer

Associate Professor of Finance Imperial College London Business School; Assistant Professor of Finance Massachusetts Institute of Technology (MIT)

Dirk Jenter

Associate Professor of Finance London School Of Economics And Political Science

Simon Johnson

Ronald A. Kurtz Professor of Entrepreneurship, Head of the Global Economics and Management Group and Faculty Chair of the Sloan Fellows Programme Massachusetts Institute of Technology (MIT)

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; Affiliated Researcher Research Institute of Industrial Economics (IFN)

Mervyn King

Emeritus Professor of Economic London School Of Economics And Political Science

Jan-Pieter Krahnen

Professor of Finance emeritus Goethe University Frankfurt; Founding Director emeritus Leibniz Institute For Financial Research (SAFE)

Luc Laeven

Director-General of the Directorate General Research European Central Bank

Bart Lambrecht

Director of the Cambridge Centre for Finance and the Cambridge Endowment for Research in Finance, Fellow Commoner of Queens’ College and Professor of Finance University of Cambridge

Christian Leuz

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

Gyöngyi Lóránth

Professor of Finance in the Department of Business, Economics and Statistics University of Vienna

Matteo Maggiori

Professor Stanford University, Graduate School of Business Stanford University

Nadya Malenko

Faculty Director of the FinTech Initiative and Associate Professor of Finance at the Stephen M. Ross School of Business University of Michigan

Andrey Malenko

Director, Mitsui Life Financial Research Center; Associate Professor of Finance University of Michigan

Frédéric Malherbe

Director, Centre for Finance and Professor of Economics and Finance University College London

massimo massa

Rothschild Chaired Professor of Banking and Professor of Finance, Co-Director of the Hoffmann Research Fund European Institute of Business Administration (INSEAD)

Colin Mayer

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

David Miles

Professor of Economics Imperial College London Business School

Erwan Morellec

Full Professor of Finance and the holder of a Swiss Finance Institute Senior Chair Swiss Federal Institute of Technology Lausanne (EPFL)

Alan Morrison

Professor of Law and Finance, Saïd Business School and a Fellow of Merton College University Of Oxford

Holger Mueller

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

Ramana Nanda

Visiting Scholar Harvard Business School; Professor of Entrepreneurial Finance and Academic Lead at the Institute for Deep Tech Entrepreneurship Imperial College London

Giovanna Nicodano

Director Master in Finance, Insurance, and Risk Management Collegio Carlo Alberto; Professor of Financial Economics University of Turin

Kjell Nyborg

Chaired Professor of Finance, Department of Banking and Finance University Of 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 University Of Zurich

Daniel Paravisini

Associate Professor of Business, Graduate School of Business Columbia University

Loriana Pelizzon

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

Enrico Perotti

Founder and Director of the Research Platform 'A Sustainable Future' at UVA Member of the ESRB Advisory Scientific Committee European Central Bank; 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 and Barcelona School of Economics

Giorgia Piacentino

Associate Professor with Tenure at the Columbia Business School Columbia University; Visiting Associate Professor at the Marshall School of Business University of Southern California

Katharina Pistor

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

Tarun Ramadorai

Professor of Financial Economics, Business School Imperial College London Business School

Adriano A. Rampini

Douglas and Josie Breeden Distinguished Professor of Financial Economics Duke University

Enrichetta Ravina

Senior Economist Federal Reserve Bank of Chicago; Bertil Danielsson Visiting Professor Swedish House Of Finance

Hélène 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

Jörg Rocholl

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

Tano Santos

Robert Heilbrunn Professor of Asset Management and Finance and Academic Director of the Heilbrunn Center for Graham & Dodd Investing 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 Massachusetts Institute of Technology (MIT)

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

Hyun Song Shin

Economic Adviser and Head of Research for the Monetary and Economic Department Bank For International Settlements

David Sraer

Associate Professor of Finance and James J. and Marianne B. Lowry Chair in Business University Of California, Berkeley

Per Strömberg

Visiting Professor of Finance Booth School of Business, University of Chicago; Associate Professor of Finance and Private Equity Stockholm Institute for Financial Research; SSE Centennial Professor of Finance and Private Equity Swedish House Of Finance

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

David Thesmar

Franco Modigliani Professor of Financial Economics MIT Sloan School of Management

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

Neeltje van Horen

Part-time Professor of Financial Economics Senior Research Advisor Bank of England

Laura Veldkamp

Leon G. Cooperman Professor of Finance & Economics Columbia University

Vikrant Vig

Henry D. Bullock Professor of Finance at the Kellogg School of Management Northwestern University

Xavier Vives

Professor of Economics and Finance Academic Director of the Public-Private Sector Research Center IESE Business School, Barcelona

Paolo Volpin

Professor of Finance Bayes Business School; Stratakis Chair Professor in Corporate Governance and Academic Director of the Gupta Governance Institute Drexel University

Wolf Wagner

Professor of Finance Erasmus Universiteit Rotterdam

Alexander F. Wagner

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

Ingrid M Werner

Martin and Andrew Murrer Professor in Finance Ohio State University

Lucy White

Associate Professor of Finance, Questrom School of Business Boston University

Kathy Yuan

Professor of Finance London School Of Economics And Political Science

Josef Zechner

Professor of Finance WU Vienna University Of Economics And Business

Luigi Zingales

Robert C. McCormack Professor of Entrepreneurship and Finance and George G. Rinder Faculty Fellow University Of Chicago

Research affiliates

Manuel Adelino

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

José Azar

Research Associate, IESE Business School; Assistant professor of Economics University of Navarra

Ramin Baghai

Associate Professor of Finance Stockholm School Of Economics

Saleem Bahaj

Research Manager Bank of England; Associate Professor of Finance and Economics University College London

Jean-Noël Barrot

Associate Professor of Finance (with Tenure) HEC Paris School of Management

Claire Célérier

Associate Professor of Finance at the Rotman School of Management University Of Toronto

Wenxin Du

Financial Research Advisor Federal Reserve Bank Of New York; Faculty Research Fellow National Bureau Of Economic Research (nber); Professor of Finance at the Booth School of Business University Of Chicago

Martin Kanz

Senior Economist for the Development Research Group The World Bank

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

Associate Professor of Finance and Kathryn and Grant Swick Faculty Scholar Harvard University

Adrien Matray

Assistant Professor of Economics, Bendheim Center for Finance Princeton University

Andrea Polo

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

Larissa Schäfer

Assistant Professor of Finance Frankfurt School Of Finance & Management; Assistant Professor at Finance Department Tilburg University

Linda Schilling

Assistant Professor of Finance Olin Business School, Washington University in St Louis

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

Dong Yan

Assistant Professor of Finance Stockholm School Of Economics

Jing Zeng

Associate Professor of Finance University Of Bonn

Hongda Zhong

Assistant Professor of Finance London School Of Economics And Political Science