Dr. Benoît Chevalier-Roignant

Welcome to my personal webpage :-) 

I am Associate Professor at emlyon business school. My research mostly consists in characterizing problems pertaining to management situations into mathematical problems or games and to solve them using dynamic programming techniques. These problems often relate to topics at the intersection of corporate finance and industrial organization, investigating how market uncertainty and strategic reactions affect a firm’s capital-budgeting decisions on capacity expansion, innovation investments, production flexibility and market entry in uncertain competitive environments. 

Representative peer-reviewed academic works

Over the past few years, I have published numerous articles in top peer-reviewed journals such as Operations Research (UTD List), Production & Operations Management (UTD List) and the European Journal of Operational Research (ABS 4). I also co-authored Competitive Strategy: Options and Games (with Lenos Trigeorgis) published at The MIT Press. Competitive Strategy has been selected among the best books in strategy by strategy + business, the management magazine published by the strategy consulting firm PwC Strategy&. 

Below a list of representative publications (by decreasing chronological order):

• When and how should an incumbent respond to a potentially disruptive event? Forthcoming at the Journal of Economic Dynamics and Control. 

• Monetizing positive externalities on property prices to mitigate the infrastructure underinvestment problem (with Hao Bai, Alain Bensoussan, and Gordon Briest). Forthcoming at Operations Research.

• Stochastic control for diffusions with self-exciting jumps: An overview with Alain Bensoussan published at Mathematical Control and Related Fields [https://www.aimsciences.org/article/doi/10.3934/mcrf.2024038. 

• Financing green entrepreneurs under limited commitment}" with Alain Bensoussan, Nam Nguyen, and Alejandro Rivera published at the Journal of Economic Dynamics and Control [https://www.sciencedirect.com/science/article/abs/pii/S0165188924001222]

• A model of wind farm with option interactions (with Alain Bensoussan and Alejandro Rivera) published at Production &  Operations Management in 2022 [https://doi.org/10.1111/poms.13721]

• Does performance-sensitive debt mitigate the debt overhang? (with Alain Bensoussan and Alejandro Rivera) published at the Journal of Economic Dynamics and Control (131) in 2021 [https://doi.org/10.1016/j.jedc.2021.104203] 

• Capacity investment choices under cost heterogeneity and output flexibility in oligopoly  (with Christoph Flath, Peter Kort and Lenos Trigeorgis) published at the European Journal of Operational Research in 2021 [https://doi.org/10.1016/j.ejor.2020.08.046]

• Disruptive Innovation, Market Entry and Production Flexibility in Heterogeneous Oligopoly (with Christoph Flath and Lenos Trigeorgis) published at Production & Operations Management in 2019 [https://doi.org/10.1111/poms.12995] 

• Sequential capacity expansion options (with Alain Bensoussan) published at Operations Research in 2018 [https://doi.org/10.1287/opre.2018.1752]

• Strategic investment under uncertainty: A synthesis (with Christoph Flath, Arnd Huchzermeier and Lenos Trigeorgis), published at the European Journal of Operational Research in 2011 [https://doi.org/10.1016/j.ejor.2011.05.038]

• Competitive Strategy: Options and Games (with Lenos Trigeorgis). Published in 2011 at The MIT Press ISBN: 9780262015998 https://mitpress.mit.edu/books/competitive-strategy

Curriculum Vitae

I joined emlyon business school in September 2020 after several years spent in the UK at Cranfield School of Management, Cranfield University, and at King’s Business School, King’s College London.  I obtained my PhD (“Dr.rer.pol.”) from WHU – Otto Beisheim School of Management, a diploma (“Diplom-Kaufmann”) from WHU and a Master's in Management with a concentration in Finance from emlyon business school. Furthermore, I was a postdoctoral fellow at the University of Texas at Dallas and a visiting scholar at MIT Sloan School of Management, The University of Chicago Booth School of Business and Kellogg School of Management at Northwestern University. I am an affiliate of the International Center for Decision and Risk Analysis at University of Texas at Dallas.

Besides my academic track record, I gained practical business experience after several years working at leading strategy consulting firms, especially in private equity-advisory roles (L.E.K. Consulting, EY, Oliver Wyman).