Sébastien Michenaud

Assistant Professor of Finance

Contact Information

Driehaus College of Business

DePaul University

1 E Jackson Bld., Suite 5509

Chicago, IL 60604

Office:  (312) 362-5001

Email:   smichena@depaul.edu

Sébastien Michenaud is an assistant professor of Finance at DePaul University’s Driehaus College of Business. Prior to joining DePaul, he was an assistant professor at the Jones Graduate School of Business at Rice University. He holds a PhD in finance from both HEC Paris and the Swiss Finance Institute, a Masters in economics from the Paris School of Economics, and is a graduate from HEC Paris (Grande Ecole).

His 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 recent 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 appeared in the Review of Financial Studies, the Journal of Financial Economics and the Journal of International Money and Finance, and 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.

Professor Michenaud teaches the core finance class to the professional evening MBA students. He has been the recipient of the Award for Excellence in Teaching by the MBA for Professionals Evening Class of 2012 and 2015 at Rice. He is also the recipient of the Teaching Recognition Award at DePaul.


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 as a strategy consultant.