Enrique Schroth


Director of the PhD in Finance Program

Main contributions

Journal of Financial Economics (2010 ; 2014 ; 2017 ; 2021), Journal of Finance (2012 ; 2015), Journal of Banking and Finance (2011), Review of Finance (2010), Review of Financial Studies (2006 ; 2021), Economia:Journal of the Latin American and Caribbean Economic Association (2003)

Discipline: Business Finance
Faculty: Data Science, Economics & Finance
Expertise: Corporate Finance, Corporate Governance, Liquidity, Banking, Asset Valuation


Enrique Schroth has joined EDHEC Business School in July 2019 as Professor in Finance. Previously, he held research and teaching positions at the Cass Business School City University of London, the Amsterdam Business School and HEC Lausanne. He received his PhD and MA in Economics from New York University. His current research focuses on the valuation of the illiquidity risk, the dynamics of ownership concentration, and on the determinants of bank runs and financial fragility. His past research, in topics such as financial innovation and the acquisitions control premium, has appeared in leading academic journals, including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies and the Review of Finance. Enrique won the prize for the best symposium paper at the European Finance Association Conference in 2009 for his research on the relationship between the bankruptcy code and the return premium across countries. He is Research Fellow at the Center for European Policy Research (CEPR).

Publications of Enrique Schroth

05.06.2023 - EDHEC publication

L’activisme actionnarial, un levier de création de valeur pour les entreprises

Enrique Schroth

EDHEC VOX, June 2023

18.08.2021 - Article in a peer reviewed journal

Understanding Cash Flow Risk

Enrique Schroth, Mancini Loriano, Morellec Erwan, Valta Philip, Gryglewicz Sebastian

Review of Financial Studies, November 2021, Pages 1 - 76

29.06.2021 - Article in a peer reviewed journal

Value creation in shareholder activism

Schroth Enrique, Enrique Schroth, Albuquerque Rui, Fos Vyacheslav

Journal of Financial Economics, Volume 145, August 2022, Pages 153 - 178

18.09.2019 - Working paper

Cash flow shocks and corporate liquidity

Schroth Enrique, Enrique Schroth, Gryglewicz Sebastian, Mancini Loriano, Morellec Erwan, Valta Erwan

September 2020

Derniers articles EDHEC Vox


Does shareholder activism create value?

  • Enrique Schroth , Professor
  • Rui Albuquerque , Carroll School of Management
  • Vyacheslav Fos , Boston College