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

Research Fellows

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 in the Carroll School of Management Boston College; Blog Editor for the Portuguese Economy Research Report

Franklin Allen

Interim Dean of Imperial Business School, Professor of Finance and Economics and Director of the Brevan Howard Centre Imperial College London Business School

Ronald Anderson

Emeritus Professor of Finance London School Of Economics And Political Science

José Azar

Visiting Professor, IESE Business School; Assistant professor of Economics University of Navarra

Ana Babus

Associate 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 Université Libre De Bruxelles

Thorsten Beck

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

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

Tobias Berg

Full Professor of Finance Goethe University Frankfurt

Bruno Biais

Distinguished Visiting Professor in Finance Hec Paris; Associate Researcher 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

Diana Bonfim

Senior Economist Bank of Portugal; Full Professor (adjunct) Católica Lisbon School Of Business & Economics; Senior Lead Economist European Central Bank

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

Laura Bottazzi

Research Fellow at the Innocenzo Gasparini Institute for Economic Research (IGIER) Bocconi University; Full Professor in the Department of Economics University Of Bologna

Markus Brunnermeier

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

Valentina Bruno

Arlene R. and Robert P. Kogod Eminent Professor of Finance American University

Mike Burkart

Professor of Finance London School Of Economics And Political Science

Elena Carletti

Full Professor of Finance, Finance Department Bocconi University

Claire Celerier

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

Alma Cohen

Professor of Empirical Practice, Harvard Law School Harvard University; Professor The Eitan Berglas School of Economics Tel Aviv University

Jennifer Corbett

Emeritus Professor in the Crawford School of Public Policy Australian National University; Emeritus Fellow of St. Antony's College University Of Oxford; Inaugural Rio Tinto Fellow for the Foundation for Australia-Japan Studies University Of Tokyo

Jean-Pierre Danthine

Managing Director Enterprise for Society (E4S - UNIL-IMD-EPFL); 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

Hans Degryse

Professor of Finance in the Department of Accountancy, Finance and Insurance KU Leuven

Mathias Dewatripont

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

Andrew Ellul

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

Maryam Farboodi

John D. Gruber Career Development Professor and Assistant Professor of Finance at the Sloan School of Management Massachusetts Institute of Technology (MIT)

Miguel Ferreira

BPI | Fundação "la Caixa" Chair Professor in Responsible Finance Nova School Of Business And Economics

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 Ecole polytechnique fédérale de Lausanne (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

Juanita González-Uribe

Associate Professor in Finance Assistant Professor London School Of Economics And Political Science

Veronica Guerrieri

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

Luigi Guiso

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

Dirk Hackbarth

Professor of Finance at the Questrom School of Business Boston 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)

RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Christian Hellwig

Professor of Economics and Scientific Director Toulouse School Of Economics

Marie Hoerova

Senior Adviser in the Directorate General Research European Central Bank

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

Professor of Finance Imperial College London Business School

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)

Anil K 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)

RPN Steering Committee, Household Finance / Fellow, Banking and Corporate Finance / Fellow, Asset Pricing

Elisabeth Kempf

Jaime and Raquel Gilinski Associate Professor of Business Administration Harvard Business School

Mervyn King

Emeritus Professor of Economic London School Of Economics And Political Science

Kees Koedijk

Professor of Finance Utrecht University; Professor of Finance and Head of the Department of Ethics, Governance and Society Vrije Universiteit Amsterdam

Jan-Pieter Krahnen

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

Theresa Kuchler

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

Luc Laeven

Director-General of the Directorate General Research European Central Bank

RPN Member, European Economic Policy / RPN Member, European Economic Policy / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Bart Lambrecht

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

Christine Laudenbach

Professor of Finance Goethe University Frankfurt; Director of the Household Finance Department Leibniz Institute For Financial Research (SAFE)

Christian Leuz

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

RPN Member, Sustainable Finance / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Doron Levit

Professor of Finance and Business Economics University Of Washington

Gyöngyi Lóránth

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

Matteo Maggiori

Moghadam Family Professor of Finance in the Graduate School of Business Stanford University

Nadya Malenko

Professor of Finance at the Carroll School of Management Boston College

Andrey Malenko

Professor of Finance in the Carroll School of Management Boston College

Frédéric Malherbe

Director, UCL 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

Emeritus Professor of Management Studies, Saïd Business School and Blavatnik School of Government, University of Oxford and Professorial Fellow of Wadham College, Oxford University Of Oxford

David Miles

Professor of Economics Imperial College London Business School

Erwan Morellec

Professor of Finance for the College of Management of Technology Swiss Federal Institute of Technology Lausanne (EPFL); Senior Research Chair Swiss Finance Institute

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

Founding Fellow Collegio Carlo Alberto; Professor of Financial Economics University Of Turin

RPN Steering Committee, Household Finance / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

Kjell G. Nyborg

Senior Chair Swiss Finance Institute; Chaired Professor of Finance, Department of Banking and Finance University Of Zurich

Martin Oehmke

Professor of Finance London School Of Economics And Political Science

RPN Member, Sustainable Finance / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Steven Ongena

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

Marcus Opp

Professor Stockholm School Of Economics

RPN Member, Sustainable Finance / Fellow, Banking and Corporate Finance

Gaizka Ormazabal

Professor of Accounting and Control University of Navarra

RPN Member, Sustainable Finance / Fellow, Banking and Corporate Finance

Loriana Pelizzon

Full Professor and Chair of Law and Finance Goethe University Frankfurt; Department Director of "Financial Markets" and Coordinator of Gender Equality Leibniz Institute For Financial Research (SAFE)

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

Jose-Luis Peydro

Research Professor and Research Associate Centre De Recerca En Economia Internacional (CREI); ICREA Professor of Economics at UPF-BSE ICREA-Universitat Pompeu Fabra and Barcelona School of Economics; Professor of Finance Imperial College London

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

Tarun Ramadorai

Professor of Financial Economics Imperial College London Business School

RPN Steering Committee, Household Finance / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

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

Rafael Repullo

Professor of Economics and Director Center for Monetary and Financial Studies (CEMFI)

Hélène Rey

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

Fellow, International Macroeconomics and Finance / RPN Member, European Economic Policy / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance / CEPR Vice President

Jean Charles Rochet

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

Fellow, Industrial Organization / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance

Jörg Rocholl

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

Stefano Rossi

Generali Chair in Insurance and Risk Management and Professor of Finance Bocconi University

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

Martin Schmalz

Head of the Finance, Accounting, Management Science, and Economics Area at the Saïd Business School and Professor University Of Oxford

Isabel Schnabel

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

RPN Member, Sustainable Finance / RPN Member, European Financial Architecture / Fellow, Banking and Corporate Finance / Distinguished Fellow

Philipp Schnabl

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

Antoinette Schoar

Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship 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

RPN Member, Sustainable Finance / Fellow, Banking and Corporate Finance

Enrico Sette

Director, Deputy Head of Division, Department of Economics and Statistics Bank Of Italy

Hyun Song Shin

Co-Lead of the Monetary and Economic Department and Senior Management Member of the Executive Committee Bank For International Settlements

RPN Member, Central Bank Communication / RPN Member, Fintech and Digital Currencies / RPN Member, European Financial Architecture / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

Elena Simintzi

Associate Professor of Finance University of North Carolina at Chapel Hill

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

Javier Suarez

Professor of Finance Center for Monetary and Financial Studies (CEMFI)

Alireza Tahbaz-Salehi

Professor of Managerial Economics and Decision Sciences Kellogg School Of Management, Northwestern University

Ane Tamayo

Head of Department and Professor of Accounting London School Of Economics And Political Science

David Thesmar

Franco Modigliani Professor of Financial Economics MIT Sloan School of Management

Karin S Thorburn

Research Chair Professor of Finance Norwegian School Of Economics (nhh); Adjunct Full Professor of Finance The Wharton School of the University of Pennsylvania

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

Fellow, Monetary Economics and Fluctuations / RPN Member, Fintech and Digital Currencies / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

Neeltje van Horen

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

Victoria Vanasco

Adjunct Professor Barcelona School Of Economics; Researcher Centre De Recerca En Economia Internacional (CREI); Adjunct Professor Pompeu Fabra University

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, Abertis Chair of Regulation, Competition and Public Policy and 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

Alexander F. Wagner

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

Ingrid Werner

Foreign Member Martin and Andrew Murrer Professor of Finance The Ohio State University

Lucy White

Associate Professor of Finance, Questrom School of Business Boston University

Dong Yan

Associate Professor of Finance Rotterdam School Of Management, Erasmus University; Research Fellow Swedish House Of Finance

Kathy Yuan

Professor of Finance London School Of Economics And Political Science

Josef Zechner

Co-Head of Research Institute for Capital Markets and Professor of Finance and Investments Wu Vienna University Of Economics And Business

RPN Member, Sustainable Finance / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

Luigi Zingales

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

Research Affiliates

Manuel Adelino

Professor of Finance at the Fuqua School of Business Duke University

Tania Babina

Assistant Professor of Business, Columbia Business School Columbia University

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

Irem Demirci

Assistant Professor of Finance Nova School Of Business And Economics

Olivier Dessaint

Associate Professor of Finance (with Tenure) European Institute of Business Administration (INSEAD)

Jason Donaldson

Visiting Associate Professor at the Marshall School of Business University Of Southern California; Associate Professor with tenure at the Olin Business School Washington University In St. Louis

Wenxin Du

Henry Kaufman Professor of Financial Institutions Columbia Business School; Faculty Research Fellow National Bureau Of Economic Research (NBER)

Tim Eisert

Associate Professor of Finance Nova School Of Business And Economics

Rustom M Irani

Associate Professor of Finance and Julian Simon Faculty Fellow University Of Illinois At Urbana Champaign

Jessica Jeffers

Associate Professor of Finance R&Co Chair for Data & Impact Investment Hec Paris

Martin Kanz

Senior Economist for the Development Research Group The World Bank

John Chi-Fong Kuong

Assistant Professor of Finance European Institute of Business Administration (INSEAD)

Yueran Ma

Associate Professor of Finance and Fama Faculty Fellow Booth School of Business, University of Chicago

Adrien Matray

Visiting Assistant Professor Stanford Graduate School Of Business

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

Linda Schilling

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

Affiliate, Monetary Economics and Fluctuations / RPN Member, Fintech and Digital Currencies / Affiliate, Banking and Corporate Finance

Rui Silva

Associate Professor of Finance Nova School Of Business And Economics

Huan Tang

Research Associate, Financial Markets Group London School Of Economics And Political Science; Assistant Professor of Finance The Wharton School of the University of Pennsylvania

Anton Tsoy

Assistant Professor of Financial Economics University Of Toronto

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; Assistant Professor of Finance University Of Texas At Dallas