College of Business > Faculty > A to Z listing of Faculty > Sébastien Michenaud

Sébastien Michenaud

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  • Associate Professor
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  • Department of Finance & Real Estate
  • Doctorate in​ Business Administration
  • 1 E. Jackson Blvd.
    DePaul Center
    Chicago, IL 60604

Academic Degrees

  • PhD, Finance, HEC Paris and Swiss Finance Institute (2008)
  • MA, Economics, Paris School of Economics (2003)
  • MA, Business, HEC Paris (1997)


Sébastien Michenaud is an associate 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.

Michenaud's research interests are in corporate finance and 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 been published in elite finance academic journals, including 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 is widely cited 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 at the European Finance Association Meetings.

Michenaud teaches the core finance class to MBA and Masters In Finance students. He also teaches Corporate Finance to Finance Honors Undergraduate students. 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, and he is 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.