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Faculty & Research


Pascal Maenhout

Associate Professor of Finance


Additional Information
Research Areas
  • Asset Pricing
  • Portfolio Choice
  • Continuous Time Finance
  • Derivatives
  • Credit Risk
  • Risk Management
Teaching Areas
  • Corporate Financial Policy and Derivatives (MBA and EMBA)
  • Financial Markets and Valuation (EMBA)
  • Foundations of Financial Economics (PhD)
Industry Sectors
  • Banking and Insurance


Pascal Maenhout is an Associate Professor of Finance at INSEAD. He teaches corporate finance, portfolio theory, and capital markets in MBA, PhD and Executive Education programmes, directing the Finance for Executives programme. He graduated summa cum laude from the Department of Economics at the University of Leuven, Belgium and obtained an MA and a PhD in Financial Economics from Harvard University.

His research interests include portfolio theory, derivatives, asset pricing, and risk management. Recent papers have been published, or are forthcoming, in leading academic journals such as the Journal of Finance, Review of Financial Studies, Journal of Economic Theory, Journal of Financial and Quantitative Analysis, Review of Finance, and Journal of Banking and Finance. Pascal Maenhout received the 2006 Institut Europlace Award for best article in finance published in 2005, the 2000 BACOB ARTESIA Prize for Research in Financial Economics, and grants from BSI Gamma and Inquire.

He has previously taught at Harvard University.