MARTEL Jocelyn

Jocelyn is Full Professor of Finance at the ESSEC Business School. His fields of expertise are financial theory, firm valuation and bankruptcy and corporate restructuring. He teaches in the MSc in Management and the Master in Finance.

He joined ESSEC Business School on a full-time basis in 2009 after having spent 13 years at the University of Cergy-Pontoise (UCP) during which he also occupied a visiting position at ESSEC. He was Head of the Finance School of the UCP and Founder and Head  of the International Master in Finance at the UCP (joined with California State University – Stanislaus). He is also member of the research unit THEMA. At ESSEC, he created and managed the MSc in Finance and was Assistant Academic Director of the Master in Financial Techniques for 13 years. He was Head of the Finance Department at ESSEC from 2012-16.

Jocelyn completed a Ph.D. in Economics at the University of Montreal in 1994 with a specialization in financial economics.  He is  an active researcher and has published in leading international journals in finance and law & economics in the area of corporate bankruptcy. He also acted as an advisor for many national governments on issues related to bankruptcy law. He has been visiting at the University of Sydney every year since 2007.

He is currently Head of the ESSEC - Amundi Chair in Asset & Risk Management and Co-President of the Paris December Finance Meeting.

• 2008 : Habilitation à diriger des recherches (HDR) (Université Cergy-Pontoise, France)
• 1994 : Ph.D. Economie (Université de Montréal, Canada)
• 1985 : M.Sc. Economie (Université de Montréal, Canada)
• 1984 : B.A. Economie (Université Laval, Canada)

Positions académiques principales

• 2012 - présent : Professeur (ESSEC Business School, France)
• 2009 - 2012 : Professeur associé (ESSEC Business School, France)
• 1996 - 2009 : Professeur associé (Université Cergy-Pontoise, France)

Autres positions académiques

• 2004 - 2009 : Directeur, Master de Finance - Programme International (Université Cergy-Pontoise, France)
• 1997 - 2002 : Directeur, Ecole Supérieure de Finance (IUP) (Université Cergy-Pontoise, France)
• 2000 - 2002 : Président du réseau IUP Banque - Finance et Assurance de France (Réseau IUP Banque, France)
• 1994 - 1996 : Chercheur post-doctoral (CIRANO, Canada)
• 2016 - 2023 : Professeur titulaire de la chaire ESSEC Amundi (ESSEC Business School, France)
• 2018 - 2019 : Directeur académique Master in Finance (ESSEC Business School, France)
• 2012 - 2016 : Directeur Département Finance (ESSEC Business School, France)
• 2003 - 2014 : Directeur académique associé MS Techniques Financières (ESSEC Business School, France)
• 1997 - 2009 : Professeur visitant (ESSEC Business School, France)

Positions professionnelles

• 1990 - 1992 : Economiste et chef de projets (Transport Canada, Canada)
• 1988 - 1990 : Economiste et adjoint aux politiques (Consumer and Corporate Affairs Canada, Canada)

• 2020 : Top-3 Professeurs préférés des étudiants de l'ESSEC (2020)
• 2016 : Top-5 Professeurs préférés des étudiants de l'ESSEC (2016)
• 2014 : Top-10 Professeurs préférés par les étudiants de l'ESSEC (2014)
• 2013 : Top-10 Professeurs préférés par les étudiants de ESSEC (2013)

• 2016 : Bourse de recherche du CERESSEC
• 2014 : Bourse de recherche CERESSEC
• 1994 - 1996 : Bourse d'études de post-doctorat, Centre Inter-universitaire en Analyse des Organisations (CIRANO) (Canada)
• 1992 - 1994 : Bourse d'études de doctorat, CRDE (Université de Montréal, Canada)
• 1985 - 1987 : Bourse d'études de doctorat, Fonds FCAR (Québec) (Canada)

• FISCHER, T.C.G., GAVIOUS, I. and MARTEL, J. (2019). Earnings Management in Chapter 11 Bankruptcy. Abacus, 55(2), pp. 273-305.
• FISHER, T.C.G., MARTEL, J. and GAVIOUS, I. (2016). Tax claims, government priority, absolute priority and the resolution of financial distress. International Review of Law and Economics, 48, pp. 50-58.
• FISHER, T.C.G. and MARTEL, J. (2015). Too Much of A Good Thing? The Impact of the a New Bankruptcy Law in Canada. Finance, 36(2), pp. 37-66.
• BLAZY, R., MARTEL, J. and NIGAM, N. (2014). The Choice Between Informal and Formal Restructuring: The Case of French Banks Facing Distressed SMEs. Journal of Banking and Finance, 44, pp. 248-263.
• FISHER, T.C.G. and MARTEL, J. (2009). An Empirical Analysis of the Firm's Reorganization Decision. Finance, 30(1), pp. 121-149.
• BARTHELEMY, F., FISHER, T.C.G. and MARTEL, J. (2009). What Discount Rate Should Bankruptcy Judges Use? Estimates from Canadian Reorganization Data. International Review of Law and Economics, 29(1), pp. 67-72.
• FISHER, T. and MARTEL, J. (2007). Does it Matter how Bankruptcy Judges Evaluate the Creditors' Best-interests Test? American Bankruptcy Law Journal, 81(4), pp. 497-514.
• FISHER, T. and MARTEL, J. (2005). The Irrelevance of Direct Bankruptcy Costs to the Firm's Financial Reorganization Decision. Journal of Empirical Legal Studies, 2(1), pp. 151-170.
• FISHER, T. and MARTEL, J. (2004). Empirical Estimates of Filtering Failures in Court-Supervised Reorganization. Journal of Empirical Legal Studies, 1(1), pp. 143-164.
• MARTEL, J. and MOKRANE, M. (2003). Bank Financing Strategies, Diversification and Securitization. Finance, 24(2), pp. 30-49.
• FISHER, T. and MARTEL, J. (2003). The Effect of Bankruptcy Reform on the Number of Corporate Reorganization Proposals. Canadian Public Policy, 29(3), pp. 339-349.
• MARTEL, J. (2003). The Information Content of Financial Reorganization Contracts. Finance, 24(Hors Série), pp. 145-160.
• MARTEL, J. (2000). Faillite et réorganisation financière : Comparaison internationale et évidence empirique. Revue Internationale de Gestion, 25(3), pp. 111-118.
• FISHER, T. and MARTEL, J. (1999). Should We Abolish Chapter 11 ? Evidence from Canada. Journal of Legal Studies, 28(1), pp. 233-257.
• MARTEL, J. (1996). Impact anticipé de la réforme à la loi sur la faillite. L'Actualité Économique, 72(4), pp. 417-432.
• MARTEL, J. (1996). Solutions au stress financier: Un survol de la littérature. L'Actualité Économique, 72(1), pp. 51-78.
• MARTEL, J. (1995). Commercial Bankruptcy in Canada. Canadian Association for Business Economics (CABE), 3(4), pp. 53-64.
• FISHER, T. and MARTEL, J. (1995). The Creditors' Financial Reorganization Decision: New Evidence from Canadian Data. Journal of Law, Economics, and Organization, 11(1), pp. 113-126.
• MARTEL, J. (1994). Financial Reorganization in Canada. Canadian Association for Business Economics (CABE), 2(2), pp. 54-66.
• FISHER, T. and MARTEL, J. (1994). Will the Bankruptcy Reforms Work? An Empirical Analysis of Financial Reorganization in Canada. Canadian Public Policy, 20(3), pp. 265-277.
• MARTEL, J. (1991). Bankruptcy Law and the Canadian Experience: An Economic Appraisal. Canadian Public Policy, 17(1), pp. 52-63.
• MARTEL, J. (1989). Bankruptcy and Economic Fluctuations in Canada: 1976-1987. Credit and Financial Journal, pp. 9-13.

• MARTEL, J. and MASSÜE-MONAT, H. (1992). Les entreprises insolvables soumises à des procédures collectives: les solutions canadiennes. In: Droit des entreprises en difficultés. 1st ed. pp. 133-139.

• MARTEL, J. (2008). HDR. France.

• BLAZY, R., MARTEL, J. and NIGAM, N. (2011). The Choice Between Informal and Formal Restructuring: The Case of French Banks Facing Distressed SMEs. In: Proceedings of the European Financial Management Symposium: Alternate Investments. European Financial Management Association (EFMA).

• MARTEL, J., COVACHEV, S. and RAMOS, S. (2023). Are ESG Factors Truly Unique? In: 12th Portuguese Financial Network Conference 2023. Funchal.
• MARTEL, J., COVACHEV, S. and RAMOS, S. (2022). ESG Factors or Conventional Factors: Are ESG Factors Truly Unique? In: 2022 International Conference on Sustainability, Environment and Social Transition in Economics and Finance. Versailles.
• FISHER, T., MARTEL, J. and NARANJO, L. (2022). The Role of Institutional Investors in the Resolution of Financial Distress. In: 2022 World Finance Conference. Turin.
• FISHER, T., MARTEL, J. and NARANJO, L. (2022). The Role of Institutional Investors in Financial Distress Resolution. In: 2022 European Financial Management Association (EFMA) Annual meeting. Rome.
• GEORGAKOPOULOS, G., THIERHOFF, M. and MARTEL, J. (2018). Law & Economics: A Valuable Relationship? (Panel). In: INSOL Europe Annual Congress 2018.
• MARTEL, J., FISHER, T.C.G. and GAVIOUS, I. (2014). Tax Claims, Absolute Priority and the Resolution of Financial Distress. In: 31st International Conference of the French Finance Association (AFFI 2014).

• FISHER, T. and MARTEL, J. (2004). External Causes of Business Bankruptcies in Canadian Industries : 1981-2000.
• MARTEL, J. and MOKRANE, M. (2003). Bank Financing Strategies, Diversification and Securization. ESSEC Business School.
• MARTEL, J. (2000). Bankruptcy. ESSEC Business School.
• MARTEL, J. and FISHER, T.C.G. (2000). Empirical Estimates of Filtering Failure in Court-supervised Reorganization. ESSEC Business School.
• MARTEL, J. (2000). Faillite et réorganisation financière : comparaison internationale et évidence empirique. ESSEC Business School.
• MARTEL, J. and FISCHER, T.C.G. (2000). The Bankruptcy Decision: Empirical Evidence from Canada. ESSEC Business School.
• MARTEL, J. and FISHER, T.C.G. (2000). The Effect of Bankruptcy Reform on the Number of Reorganization Proposals. ESSEC Business School.
• MARTEL, J. and ROBERT, J. (1995). A Proposal for Bankruptcy Reform in Canada.
• MARTEL, J. (1994). Commercial Bankruptcy and Financial Reorganization in Canada.

• PONCET, P. and MARTEL, J. (2011). Fausses vérités sur l'inefficience des marchés ! La Tribune, pp. 30.