Pierre Mella-Barral

Position and Professional Affiliation

2017- Professor of Finance. Toulouse Business School, Toulouse.

2011- Affiliated Faculty, Faculty of Economics and Politics, University of Cambridge.

Education

1995 Ph.D. in Economics, Faculty of Economics and Politics, University of Cambridge.

1992 M.Phil. in Finance, Faculty of Economics and Politics, University of Cambridge.

1990 M.Sc. in Project Analysis, Department of Economics, University of York.

1989 Ingenieur ENSAM, Ecole Nationale Superieure d'Arts et Metiers, Paris.

Previous Positions

• 2007-2017 Professor of Finance. Department of Finance and Economics, EDHEC Business School, Nice.

• 2004-2007 Associate Professor of Finance. Department of Finance and Economics, HEC School of Management, Paris.

• 2000-2004 Assistant Professor of Finance. Department of Finance, London Business School.

• 1995-2000 Lecturer (Assistant Professor) in Finance. Department of Accounting and Finance, London School of Economics.

Publications

Papers

``Strategic Debt Service," with William Perraudin, Journal of Finance, Vol. 52, No. 3, pp 531-556, 1997.

``Optimal Bank Reorganization and the Fair Pricing of Deposit Guarantees," with Steven Fries and William Perraudin, Journal of Banking and Finance, Vol. 21, pp 441-468, 1997.

``The Dynamics of Default and Debt Reorganization," Review of Financial Studies, Vol. 12, No. 3, pp 535-578, 1999.

``Default Risk in Asset Pricing," with Pierre Tychon, Finance, Vol. 20, No.1, 1999.

``Bargaining Power and Optimal Leverage," with Ulrich Hege, Finance, Vol. 21, No.2, 2000.

``Corporate Walkout Decisions and the Value of Default," with Tom Dahlstrom, Review of Finance (ex-European Finance Review), Vol. 7, 325-360, 2003.

``Repeated Dilution of Diffusely Held Debt," with Ulrich Hege, Journal of Business, Vol. 78, No. 3, pp 737-786, 2005.

``The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures," with Michel Habib, Review of Financial Studies, Vol. 20, No 1, pp 189-233, 2007.

``Skills, Core Capabilities, and the Choice between Merging, Allying and Trading Assets," with Michel Habib, Journal of Mathematical Economics, Vol. 43, No. 1, pp 31-48, 2013.

``Entrepreneurial Spawning and Firm Characteristics," with Ulrich Hege and Michel Habib, Management Science, Vol. 59, No. 12, pp 2790-2804, 2013.

``Bond Exchange Offers or Collective Action Clauses?" with Ulrich Hege, Finance, Vol. 40, No 3, pp 77 -119, 2019.

``Strategic Decertification in Venture Capital." Journal of Corporate Finance, Vol. 65, 101724, 2020.

Book Chapters, Comments, Columns

``Comment on Bank Capital Standards for Market Risk: A Welfare Analysis," European Finance Review, Vol. 2, No. 2, pp 159-160, 1998.

``Reorganization Law and Dilution Threats in Different Financial Systems," with Ulrich Hege, in Joe McCahery and Luc Renneboog (eds.) Corporate Governance Regimes, Oxford University Press, 2002.

"Corporate debt burdens threaten economic recovery after COVID-19: Planning for debt restructuring should start now," with Bo Becker and Ulrich Hege. VOX CEPR Policy Portal, 2020.