Financial Management for the Future


The Financial Management for the Future (FM4F) group devotes its research agenda to issues that are relevant to the economic evolution at two main levels: (i) asset and risk management, and (ii) corporate finance.

The motivation for all research activities conducted in these areas is to develop knowledge that enhances the sustainability of financial management practices in markets and companies. Accordingly, the research field primarily runs an applied research program with a particular care for its impact on education – with the intent to prepare graduate students to fulfill their future role in the economy – and on the professional community – to contribute to enhancing the sustainable footprint of their financial decisions. The research program is organized along two main research lines:

Asset and Risk Management which focuses on optimal portfolio allocation strategies under different economic contexts and also on appropriately measuring and pricing a wide array of traditional risks (exchange rate, operational, credit and liquidity risks of various market and firms), but also emergent risks like systemic, climate change and cyber risks.

Corporate Finance which focuses on how financial and accounting disclosures but also press releases, and in particular its various communicative attributes, are affected by the broader corporate environment in which firms operate. Besides, the researchers are currently active in the performance analysis of private equity and venture capital investments for their shareholders but also for policy-makers (investor protection) and employees. 

The FM4F expertise has been recognized through the participation in several investment or advisory committees, nationally (finance advisory committees of the FNRS and of the University Foundation) and internationally (investment committees of Finective SICAV (Lux) and Birdee (Lux)), and advisory roles in the world of wealth management. The senior members of the research group are regularly invited to provide guest lectures or keynote speeches about their research in academic (INSEAD, Maastricht University, EDHEC, Paris-Dauphine, University of Aix-Marseille…) or professional institutions (La Française Global, Investment Solution, TrackInsight, BNP Paribas, …).  

In corporate finance and financial analysis, the research group regularly mentors students in international competitions such as the Oxford Global Private Equity Challenge, the CFA Research Challenge as well national events such as the Young Banker Challenge. 




CORHAY Albert, Full Professor, PhD


HAMBUCKERS Julien, Assistant Professor, PhD


HUBNER Georges,  Full Professor, Phd


LAMBERT Marie,  Full Professor, PhD


MULLER Aline,  Full Professor, PhD


SOUGNE DanielleFull Professor, PhD

SANTI Caterina, Assistant Professor, PhD  
TORSIN Wouter, Assistant Professor, PhD  



DARE Wale, Researcher, PhD


SUN Li, Researcher, PhD





BABAEI Hamid, PhD Candidate


BELLOFATTO Lucas, PhD Candidate


CRUCIL Romain, Researcher, PhD Candidate


DAVOLI JoachimResearcher


DEBAY Michel, Researcher, PhD Candidate


GILLAIN Cédric, Researcher, PhD Candidate


HÜBNER Philippe, Researcher, PhD Candidate


MATABARO Borauzima Luc, PhD Candidate


MORENO NicolasResearcher, PhD Candidate


ROSU Stéphanie, Teaching & Research Assistant, PhD Candidate


SCIVOLETTO Alexandre, Teaching & Research Assistant, PhD Candidate


TAQUET Simon, Researcher

THONUS Célina, Teaching & Research Assistant, PhD Candidate    


Last update :03/09/2021