Ford International Career Development Professor of Finance
Associate Professor of Finance
Xavier Giroud is the Ford International Career Development Professor of Finance and an Associate Professor of Finance at the MIT Sloan School of Management. He is also a Faculty Research Fellow at the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR).
Giroud's research interests are in the area of corporate finance and corporate governance. In particular, his work examines how internal capital markets (re-)allocate resources across company units, the interplay between corporate governance and product market competition, debt restructurings, and venture capital. His research has appeared in leading academic journals, including the Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He has received various research awards, including the Herman E. Krooss Award for the best doctoral dissertation across all disciplines at the Stern School of Business, New York University. Giroud teaches 15.402 Finance Theory II in the MIT Sloan MBA program.
Giroud holds an MA in quantitative economics and finance from the University of St. Gallen as well as an MPhil in finance and a PhD in finance from the Stern School of Business, New York University.
Current Research Focus: Professor Giroud’s current research projects examine the role of firms’ balance sheets for the transmission of house price shocks during the recent financial crisis, and how state taxation affects the reallocation of business activity.
General Expertise: Capital budgeting; Corporate diversification; Corporate finance; Corporate governance; Facility location; Venture capital
For more background on this faculty member's research and academic initiatives, please visit the MIT Sloan faculty directory.