department: Finance
Campus de Cergy
+33 (0)1 34 43 30 02
Real Estate – Investments & Asset Pricing – Corporate Finance

Michel Baroni, HEC, PhD in management and qualified to supervise research (French Habilitation à Diriger des Recherches), is a professor at ESSEC in the finance department. He is currently Dean of Professors and Academic Director of the Real Estate Management Master's program. He teaches real estate finance at ESSEC. His areas of research include real estate risk measurement, real estate indices, derivatives and real estate portfolio management, and he has published numerous academic articles in the field of real estate finance. He is also a Fellow of the Royal Institution of Chartered Surveyors (FRICS) and a member of the Scientific Advisory Board of Meilleurs Agents.

  • 2002: Doctorat en Sciences de gestion (Université Paris X Nanterre France)
  • 2010: Habilité à Diriger des Recherches (HDR) (Université Paris X Nanterre France)
  • 1978: Diplôme d’Etudes Supérieures Economiques (DESE) (Conservatoire National des Arts & Métiers (CNAM) France)
  • 1977: Diplôme d’Etudes Comptables Supérieures (DECS) (Ministère de l’Education Nationale France)
  • 1976: MSc en Science de Gestion (HEC Paris France)
  • 1978: Certificat Supérieur d’Expertise Comptable “Relations économiques” (Ministère de l’Education Nationale France)
Other appointments
  • 2018 – 2024 : Dean of Faculty (ESSEC Business School France)
Full-time academic appointments
  • 2009 – Now : Professor (ESSEC Business School France)
  • 2005 – 2009 : Associate Professor (ESSEC Business School France)
  • 2000 – 2005 : Assistant Professor (ESSEC Business School France)


  • 2006 : Prize of the American Real Estate Society (ARES) Foundation for the Best Paper Presented at the ERES 2006 Conference in any area of Real Estate for the paper entitled “Optimal holding period for a Real Estate Portfolio” with F. Barthélémy and M. Mokrane

Presentations at an Academic or Professional conference

Journal articles

Working Papers

Press article, video or other popular media

  • 2002 – 2020 Finance immobilière (ESSEC Business School France)
  • 2000 – 2018 Politique financière (ESSEC Business School France)
  • 2000 – 2020 Finance immobilière (ESSEC Business School France)
Activités de recherche
  • 2019 – 2019: Editorial board membership – Journal of Real Estate Finance and Economics
  • 2016 – 2019: Editorial board membership – Zeitschrift für Immobilienökonomie
  • 2013 – 2018: Member of the Scientific Committee of Palladio Foundation
  • 2007 – 2013: Member of the Continental Europe Standards Board of the Royal Institution of Chartered Surveyor (RICS)
Activités professionnelles
  • 2017 – Now: Member of the Scientific Committee of Meilleursagents.com
  • 2007 – Now: Fellow of the Royal Institution of Chartered Surveyors (FRICS)
  • 1989 – Now: Administrator for the European Institute of Cooperation and Development (l’Institut Européen de Coopération et de Développement, IECD) in Strasbourg ( France)
  • 1986 – Now: Administrator for Chaudronnerie Provençale SA (Aix-en-Provence) ( France)
  • 1980 – Now: Manager of SICE, a real estate investment company