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Department : Finance
Associate Professor
Campus de Cergy



Francis Declerck is co-Chair Professor of the ESSEC "Shaping the Future of Finance" Chair.

Francis Declerck teaches corporate finance and agricultural futures markets.

His research interests focus on corporate finance (key-factors of performance and risks, M&A) and commodity finance, particularly in the agri-food chains and the biofuels.

He is co-responsible for the Commodities, Energy, Corporate Risk, and Investments Assets (ECOMFIN) Research Center at ESSEC

He coordinates the finance track of ESSEC Master's in Management (Grande Ecole programme).

He is the academic director of the "Aristée" management programme for executives of agricultural co-operatives. The programme is managed by ESSEC in partnership with Coop-de-France and DIRCA.

From 2015 to 2009, he co-chaired the ESSEC European chair for excellence in food chains in partnership with Danone group, Carrefour group and Coutrelis & Associates.

From 2001 to 2010, he was board member of the International Food and Agribusiness Management Association (IFAMA).

From 2008 to 2012, he was member of the Conseil stratégique de l'agriculture et de l'agro-industrie durables (CSAAD), strategic council for sustainable agriculture and food industry at the French Ministry of Food, Agriculture and Fisheries when Mr. Michel BARNIER and Mr. Bruno LEMAIRE were the Ministers.

Since 2007, he has been member of the advisory board of the research network "System Dynamics and Innovation in food Networks".

Since 2001, he has been member of the French finance association (AFFI).

Since 2014, he has been member of the agri-food business think tank of Les Echos.

Since 2017, he has been member of the Euronext Commodity Committee.

Francis Declerck trains executives from institutions (EBRD, DG Agri of the EU, Banque de France...), international corporations and co-operatives.


  • 2007 : HDR (Université de Montpellier, France)
  • 1992 : Ph.D. (University of Illinois, United States of America)
  • 1988 : Master's degree in International Agri-Food Economics and Management from ESSEC and ENSIA (ESSEC Business School, France)
  • 1979 : Graduate in Agriculture and Food Science (Ingénieur) (Institut Supérieur Agricole de Beauvais (ISAB), France)


    Full-time academic appointments

    • 1999 - Present : Associate Professor (ESSEC Business School, France)
    • 1996 - 1999 : Assistant Professor (ESSEC Business School, France)

    Other Academic Appointments

      • 2018 - Present : Track Head Finance (ESSEC Business School, France)
      • 2021 - 2023 : co Chaired Professor Shaping the Future of Finance (ESSEC Business School, France)
      • 2005 - 2009 : Co-Chair professor of the ESSEC European Chair "Excellence in Food Chains" with DANONE, CARREFOUR and COUTRELIS & Associates (ESSEC Business School, France)
      • 2001 - 2005 : Managing Director of the ESSEC International Agri-Food Management Institute (ESSEC Business School, France)
      • 1997 - 2000 : Managing Director, "MBA in International Agri-Food Management" (ESSEC Business School, France)


  • 2019 : Award for the best case study of the year in finance (Association Française de Finance (AFFI), France)
  • 2011 : 2011 Emerald LiteratiNetwork Highly Commended Award for his article, “The Financial Value of Corporations in a Cobweb Economy: Champagne Industry Dynamics,” International Journal of Wine Business Research, vol. 22, n° 3.
  • 2010 : Highly Commended Award by the Emerald Literati Network (Emerald Publishing, Australia)
  • 2009 : Award of recognition from the International Food and Agribusiness Management Association (IFAMA) for outstanding contribution as chair on its 19th annual Symposium (Food and Agribusiness Management Association (IFAMA), United States of America)
  • 2007 : Label Educagri by the French Ministry of Agriculture for the book "Les marchés à terme agricoles et alimentaires" (Agricultural futures markets) co-authored with Michel Portier, Editions Groupe France Agricole.  (Ministère de l'agriculture, France)
  • 2004 : Medal of honor of the Warsaw University of Life Sciences (Warsaw University of Life Sciences (SGGW), Poland)

Journal articles


Book chapters


Conference Proceedings

Presentations at an Academic or Professional conference

Invited speaker at an academic conference

Working Papers

Technical reports, White papers

Published cases

Press article, video or other popular media

Interviews: radio, TV, press


Professional activities

    Member of an professional association, of an expert group or of a board of directors

  • 2014 - 2015 : Member of the Think tank on agri-food management set up by "Les Echos" business journal in 2014-2015: release of the report "Quels chantiers pour restaurer la compétitivité de la filière alimentaire française ?" Les EchosEvents, Paris, 3 July 2015 (
  • 2008 - 2012 : Member of the Strategic council for sustainable agriculture and food industry (CSAAD) at the French Ministry of Agriculture and Fisheries
  • 2011 : Member of the OECD-FAO Technical Committee of experts gathered on January 2011 in order to prepare the G20 meeting about the volatility of agricultural commodity prices
  • Other professional activity

  • 1975 : - Present : Co-founder and co-chair of the Agri-food Club of the ESSEC Alumni Association
  • 2014 - 2017 : Declerck F. "Investments in grain co-ops" at the Federation of French Agricultural Co-operatives, with the participation of de 600 co-op board members, 17 December 2014

Research activities

    Editorial Board Membership

  • 2010 - 2020 : Editorial board membership - International Journal on Food System Dynamics
  • 2019 : Editorial board membership - Agribusiness
  • 2004 - 2018 : Editorial board membership - International Food and Agribusiness Management Review
  • 2000 - 2012 : Editorial board membership - Agribusiness
  • Function in an academic association

  • 2007 : - Present : Member of the International Council of the Research in Agri-food Management : "System Dynamics and Innovation in Food Networks"
  • 2008 - 2010 : Administrator to the Academic Panel of the International Food and Agribusiness Management Association (IAMA), co-organizer of the academic symposium of the annual conferences in 2008 (Monterey, Californie, USA), 2009 (Budapest, Hongrie) and 2010 (Boston, Massachussets, USA)
  • Member of an academic association

  • 2001 : - Present : Member, Association Française de Finance (AFFI)
  • 2008 - 2018 : Member, Société Française d'Economie Rurale (SFER)
  • 2004 - 2016 : Member, Association Internationale d'Economie Alimentaire et Agro-industrielle (AIEA2)


  • 2020 : OUELLET D. (Université Laval), Thesis jury member
  • 2014 : NATANELOV V. (Ghent University), Thesis jury member
  • 2014 : CAO R. (INRA AgroCampus Ouest Université européenne de Bretagne), Thesis referee
  • 2012 : LACHAPELLE N. (UQAM (Université du Québec à Montréal)), Thesis jury member
  • 2010 : DELUZE A. (University of Champagne-Ardenne), Thesis jury member
  • 2009 : MARTEL J. (Université de Cergy-Pontoise), Thesis jury member
  • Ongoing : KPONDJO N. (Université Paris-Dauphine, PSL University), Thesis referee