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Faculty & Research


Theo Vermaelen

Emeritus Professor of Finance

The UBS Chair in Investment Banking, endowed in honour of Henry Grunfeld, Emeritus


Additional Information
Research Areas
  • Corporate Finance
  • Share Repurchase
  • Death Spirals
  • IPOs
  • Call Option Enhanced Reverse Convertible (COERC)
Teaching Areas
  • Corporate Financial Policy (MBA)
  • Applied Corporate Finance (MBA)
  • Corporate Financial Strategy (Executive Education)


Theo Vermaelen is an Emeritus Professor of Finance, the UBS Chair in Investment Banking, endowed in honour of Henry Grunfeld, and was the chair of the Finance Area at INSEAD. He taught in the MBA, PhD and Executive Education programmes and was an Academic Director of the Advanced International Corporate Finance programme. He is a graduate from the Department of Applied Economics at the Catholic University of Leuven (Commercial Engineer) and obtained his MBA and PhD in Finance from the Graduate School of Business, University of Chicago.

Professor Vermaelen has taught at the University of British Columbia, the Catholic University of Leuven, the London Business School, UCLA and the University of Chicago. He has published articles on corporate finance and investments in leading academic journals including the Journal of Finance, the Journal of Financial Economics, and the Journal of Banking and Finance. He serves as a co-editor of the Journal of Empirical Finance, an associate editor of the Journal of Corporate Finance and the European Financial Review, and an advisory editor of Teaching and Case Abstracts.

Professor Vermaelen is a consultant to various corporations and government agencies and a Programme Director of the Amsterdam Institute of Finance.

Case Studies