Sebastien Michenaud

Sébastien Michenaud is an assistant professor of Finance at the Jones Graduate School of Business at Rice University.

His research is focused on corporate finance, corporate governance, and behavioral finance. His research agenda is primarily focused on establishing the causal 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 financially constrained firms, the influence of sell-side equity analysts on firms’ corporate financial decisions, the influence of institutional investors on payout and investment policies, as well as the effects of stock market risk on the design of CEOs’ compensation packages and incentive contracts. His research has appeared in the Journal of International Money and Finance.

Professor Michenaud is currently teaching the core finance class to the professional evening and week-end MBA students. He is the recipient of the Award for Excellence in Teaching by the MBA for Professionals Evening Class of 2012.

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.

Areas of Interests
sell-side analysts
corporate financing policy
corporate investment policy
institutional investors
mergers and acquisitions
short-selling constraints