Nicolas Crouzet

Nicolas Crouzet is an Associate Professor of Finance at the Kellogg School of Management, Northwestern University since 2014 (tenured since 2018). He holds a B.Sc. in Applied Mathematics from École Polytechnique (2008) and a Ph.D. in Economics from Columbia University (2014). His research focuses on corporate finance, macroeconomics, and the role of intangible capital in shaping investment decisions and economic outcomes.

Education

• Ph.D., Economics, Columbia University, 2014
• M.A., Economics, Columbia University, 2010
• B.Sc., Applied Mathematics, École Polytechnique, 2008

Research Interests

• Corporate Investment and Financing
• Intangible Capital and Firm Valuation
• Macroeconomic Policy and Business Cycles
• Technology Adoption and Diffusion
• Debt Flexibility and Credit Markets

Recent Research TrendsHis work emphasizes the interplay between intangible assets (e.g., R&D, intellectual property) and corporate behavior, with implications for productivity, market structure, and policy. Key themes include the impact of demographic shifts on technology adoption and the macroeconomic effects of corporate debt choices.

Awards

• Dimensional Fund Advisors Prize (2023)
• Best Paper Award, Midwest Finance Meetings (2021)
• Wueller Teaching Award, Columbia University (2011)

Teaching & GrantsTeaches macroeconomics and finance courses at the MBA and executive levels. Active in securing research funding, including collaborations with institutions like the World Intellectual Property Organization. Serves as an Associate Editor for the Review of Financial Studies (2024).