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/

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46 publications

Academic Articles

2025

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

Gains From Trade in an Asymmetric Cournot World With Trade Costs

REVIEW OF INTERNATIONAL ECONOMICS

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, 32 (3), 921-947

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

2023

DAVID, T., M. TROEGE

How do Large Firms Manage their Banking Pools?

FINANCE, 44 (1), 103-153

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

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., 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

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