Michel BARONI

Michel Baroni is a Full Professor of Finance at ESSEC Business School, serving as Dean of Professors and Academic Director of the Real Estate Management Master's program. He specializes in real estate finance, risk measurement, and portfolio management. His research focuses on real estate indices, derivatives, and market dynamics, particularly in Paris. He has published extensively in top journals and received the ARES Foundation's Best Paper Award in 2006. Professor Baroni teaches real estate finance courses and holds leadership roles in academic and professional organizations like the Royal Institution of Chartered Surveyors (FRICS) and Meilleurs Agents' Scientific Council. His work bridges academic research and practical applications, addressing topics like optimal holding periods, risk factors, and market segmentation.

Education:

• PhD in Management Sciences, Université Paris X Nanterre (2002)
• Habilitation à Diriger des Recherches (HDR), Université Paris X Nanterre (2010)
• MSc in Management Science, HEC Paris (1976)

Research Interests: His research emphasizes real estate risk measurement, portfolio optimization, and indices. Key areas include quantile regression analysis of Paris apartment markets, lease structure impacts on portfolios, and Monte Carlo simulations for risk management. He has pioneered methodologies for housing price indices and market segmentation studies.

Articles & Trends: His recent work explores local housing price indices (2023), market heterogeneity (2017–2020), and quantile regression applications. Articles frequently address practical challenges like small datasets and bubble detection (2002). The 2007 paper on optimal holding periods remains influential in portfolio timing strategies.

Awards:

• 2006 ARES Foundation Best Paper Award

Advising & Grants: He has supervised/co-supervised multiple theses on real estate derivatives, portfolio management, and market dynamics. His advisory roles include thesis committees and jury leadership at top French universities. Though specific grants aren't detailed, his work aligns with funding priorities in real estate finance and risk analytics.

Labs/Teams: Collaborates with researchers like Amédée-Manesme and Barthélémy on projects funded through ESSEC and European networks. Active in conferences like ERES and AFFI, contributing to editorial boards of journals like Journal of Real Estate Finance and Economics.