Professor Troege received a master in Mathematics from the Ludwig Maximilians Universität München and a DESS in Finance from the Institut d’Etudes Politiques de Paris before graduating with a Ph.D. in Financial Economics from Humboldt Universität Berlin. Prior to joining ESCP Business School, he was research associate at the Wissenschaftszentrum Berlin (WZB) a government sponsored think tank and visiting scholar at J.L. Kellogg Graduate School of Management at Northwestern University.
Professor Troege’s research focuses on game theory and commercial banking. In particular, he is studying the competitive interaction of banks in credit markets. In this context he has participated as expert in the European Commission’s Sector Inquiry in Retail banking and the Study on the Impact of State Aid Rules for Banks in Difficulty. His articles have been published in a variety of academic and practitioner-oriented journals including the Review of Financial Studies, Games and Economic Behaviour, the Journal of Corporate Finance, the International Journal of Industrial Economics and the EC Competition Policy Newsletter. Professor Troege is also a regular contributor to the business press and has published OpEds in leading newspapers such as the Financial Times, the Wall Street Journal and le Monde.  In addition to his academic research, Professor Troege has served as a consultant specializing on the intersection of antitrust and finance. He also regularly participates in training programs for banks and multi-national corporations on a range of investment, financing, and valuation issues.
Professor Troege teaches the Financial Institution Management Course as well as advanced Corporate Finance classes and participates in a variety of Executive Education programmes.

Personal web page: https://sites.google.com/view/michaeltroege/

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45 publications

Academic Articles

2024

DAVID, T., M. TROEGE, H. M. NGUYEN, H. T. NGUYEN

“Relationship-specific investments for up- and downstream firms and credit constraints

JOURNAL OF CORPORATE FINANCE, 84, 102534

Academic Articles

2024

TROEGE, M., T. H. G. PHUNG

Making depositors greedy and careless: Government safety nets and the degradation of depositor discipline

ECONOMICS OF TRANSITION

Academic Articles

2023

DAVID, T., M. TROEGE

How do Large Firms Manage their Banking Pools?

FINANCE, 44 (1), 103-153

Academic Articles

2022

TROEGE, M., H. M. NGUYEN, H. T. NGUYEN, T. Đ. T. VU

Political embeddedness and the adoption of environmental management practices: The mediating effects of institutional pressures

CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 29 (4), 965-983

Academic Articles

2022

TROEGE, M., T. H. G. PHUNG

Difficult to digest: Takeovers of distressed banks in Vietnam

ECONOMICS OF TRANSITION, 30(3), 489-516

Academic Articles

2022

TROEGE, M., J. JIN, R. AMIR

On the Limits of Free Trade in a Cournot World: When are Restrictions on Trade beneficial?

CANADIAN JOURNAL OF ECONOMICS / REVUE CANADIENNE D'ECONOMIQUE, 55(4), 2036-2057

ESCP Impact Papers

2022

TROEGE, M

A new rationale for small tariffs

ESCP Impact Papers, 2022-22-EN

Academic Articles

2021

TROEGE, M., R. AMIR, D. MACHOWSKA

Advertising patterns in a dynamic oligopolistic growing market with decay

JOURNAL OF ECONOMIC DYNAMICS AND CONTROL, Vol. 131

Academic Articles

2021

NGUYEN, H. T., H. , M. NGUYEN, M. TROEGE, A. T. NGUYEN

Debt aversion, education, and credit self-rationing in SMEs

SMALL BUSINESS ECONOMICS, 57 (3), 1125 - 1143

Conference Presentations

2021

DAVID, T., M. TROEGE, H. M. NGUYEN, H. T. NGUYEN

Relationship Specific Investments with Customers and Suppliers and Credit Constraints

World Finance Conference