Troege Michael | ESCP Business School

Michael Troege

Full Professor of Finance, Antitrust and Banking

Department : Finance
Campus : Paris

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 an 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-orientated journals, including Review of Financial Studies, Games and Economic Behaviour, Journal of Corporate Finance, International Journal of Industrial Economics, and EC Competition Policy Newsletter. Professor Troege is also a regular contributor to the business press and has published op-eds 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 specialising in the intersection of antitrust and finance. He also regularly participates in training programmes for banks and multinational corporations on a range of investment, financing, and valuation issues. Professor Troege received a master's 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 PhD in Financial Economics from Humboldt Universität Berlin. Prior to joining ESCP Business School, he was a research associate at the Wissenschaftszentrum Berlin (WZB), a government-sponsored think tank, and a visiting scholar at J.L. Kellogg Graduate School of Management at Northwestern University. Professor Troege is in charge of the Investment Banking Specialisation on the Paris campus and teaches courses on Advanced Corporate Finance and Financial Institutions. In addition, he participates in a variety of Executive Education programmes. Personal web page: https://sites.google.com/view/michaeltroege/

PUBLICATIONS

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

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

Research and expertise

News & events

Events

Financial Institutions and Corporate Finance

04 June 2026 - 05 June 2025
07.00 am - 02.00 pm

Events

AI in Higher Education Summit 2026 – Paris, 17–18 March

17 - 18 March 2026
07.00 am - 05.20 pm

Looking for someone esle ?
ESCP faculty directory

Search faculty publications

Academic Articles

2025

Gains From Trade in an Asymmetric Cournot World With Trade Costs

Academic Articles

2024

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

Academic Articles

2024

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

Academic Articles

2023

How do Large Firms Manage their Banking Pools?

Academic Articles

2022

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

Academic Articles

2022

Difficult to digest: Takeovers of distressed banks in Vietnam

Academic Articles

2022

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

ESCP Impact Papers

2022

A new rationale for small tariffs

Academic Articles

2021

Advertising patterns in a dynamic oligopolistic growing market with decay

Academic Articles

2021

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

Research and expertise

News & events

Events

Events