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Jerome Taillard

  • Professor
  • Professor George Troughton Term Chair in Finance (funded by Trustee Tim DeMello '91, P'18)
Academic Division: Finance
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781-239-6451
Jerome Taillard is Professor of Finance at Babson College, and the first recipient of the Professor George Troughton Term Chair in Finance. He earned his PhD in Finance from The Ohio State University in 2010. He also received a Graduate degree in Economics from the Study Center in Gerzensee (Switzerland) and his Undergraduate degree in Mathematics applied to Finance from the University of Neuchâtel in Switzerland.

Professor Taillard has been recognized for teaching excellence with the Carroll School of management school-wide teaching award in 2012, Babson College school-wide teaching award in 2019, the Thomas Kennedy Award in 2020, and was voted Best 40 Under 40 and Best Professor the Class of 2019 by Poets and Quants. He taught at the Wharton School in 2018 and at MIT in 2022.

His main research interests are in corporate finance, specifically in the areas of risk management, energy finance, innovation, and governance. He has published his research in the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science, among others. He received the prestigious Michael Brennan Award for Best Paper published in the Review of Financial Studies in 2017.

Professor Taillard is committed to staying current with best practices. He is an exam reviewer for the Global Association of Risk Managers (GARP) and participates regularly in sessions with executives at the Babson Executive Center.

Academic Degrees

  • Ph D, The Ohio State University
  • MS, University of Neuchâtel

Academic Interest / Expertise

Corporate Governance; Corporate Finance; Financial Institutions; Investments; Derivatives; Risk Management

Awards & Honors

  • 2020 — Thomas Kennedy Award, Babson College
  • 2019 — College-wide Teaching Award, Babson College
  • 2019 — The George Troughton Term Chair in Finance, Babson College
  • 2019 — Favorite Professors Of The MBA Class Of 2019,, Poets & Quants
  • 2018 — BFRF Award for Excellence in Scholarship, Babson College
  • 2018 — Best Paper Award, 2018 IDC Conference
  • 2018 — Michael Brennan Best Paper Award, Review of Financial Studies
  • 2018 — Presidential Scholarship Award, Babson College
  • 2018 — Babson Research Scholar, Babson College
  • 2017 — Visiting Scholar, Kleinman Center for Energy Policy, University of Pennsylvania
  • 2017 — Best 40 Under 40 Business School Professors, Poets & Quants
  • 2017 — BFRF Research Grant, Babson College
  • 2014 — Dean's List of top professors, Boston College/Carroll School of Management
  • 2012 — Distinguished Teacher Award, Boston College/Carroll School of Management
  • 2011 — Dean's List, Boston College/Carroll School of Management

Courses

  • Degree Courses 2024

    • FIN 4507 RISK MANAGEMENT
    • FIN 7504 RISK MANAGEMENT

Publications

Journal Articles

  • Restrepo Gomez, F., Taillard, J.P. (2022). Private Firms’ Incentives and Opportunities to Manage Earnings: Evidence from the use of Inflation Adjustments. Journal of Business Finance & Accounting. Vol: 49, Issue: 1-2, Page: 69-110. link
  • Fabisik, K., Fahlenbrach, R., Stulz, R., Taillard, J.P. (2021). Why are Firms with more Managerial Ownership Worth Less?. Journal of Financial Economics. link
  • Decaire, P., Gilje, E., Taillard, J.P. (2020). Real Option Exercise: Empirical Evidence. Review of Financial Studies, The. link
  • Behr, P., Kisgen, D., Taillard, J.P. (2018). Did Government Regulations Lead to Inflated Credit Ratings. Management Science. link
  • Gilje, E., Taillard, J.P. (2017). Does Hedging Affect Firm Value? Evidence from a Natural Experiment. Review of Financial Studies, The. Vol: 30, Issue: 12, Page: 4083-4132. link
  • Bowen, D., Fresard, L., Taillard, J.P. (2017). What's your identification strategy? Innovation in Corporate Finance Research. Management Science. Vol: 63, Issue: 8, Page: 2529 - 2548. link
  • Gilje, E.P., Taillard, J.P. (2016). Do Private Firms Invest Differently than Public Firms? Taking Cues from the Natural Gas Industry. Journal of Finance, The. Vol: 71, Issue: 4, Page: 1733-1778. Wiley-Blackwell Publishing, Inc.. link
  • Minton, B.M., Taillard, J.P., Williamson, R. (2014). Financial Expertise of the Board, Risk Taking and Performance: Evidence from Bank Holding Companies. Journal of Financial and Quantitative Analysis. Vol: 49, Issue: 2, Page: 351-380. link
  • Taillard, J.P. (2013). The Disciplinary Effects of Non-Debt Liabilities: Evidence from asbestos litigation. Journal of Corporate Finance. Vol: 23, Page: 267-293.

Presentations

  • When Benchmarks Fail: The Causes and Consequences of Negative Oil Prices Gilje, E. Ready, R. Roussanov, N. Taillard, J. 2023 Pacific Northwest Finance Conference, Seattle, WA (2023)
  • Revisiting Board Independence Mandates: Evidence from Director Reclassifications Bowen, D. Taillard, J. Temple University, Philadelphia, PA (2023)
  • When Benchmarks Fail: The Causes and Consequences of Negative Oil Prices Gilje, E. Ready, R. Roussanov, N. Taillard, J. MIT, Cambridge, MA (2023)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. 5th Annual JPMCC International Commodities Symposium, Denver, CO (2022)
  • Building Institutional Capacity: Innovating Inclusive Teacher Training Langowitz, N. Taillard, J. Burton-Goss, S. 2022 Diversity, Equity, and Student Success Conference, March 2022, New Orleans/Hybrid Online (2022)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. Babson College, Wellesley, MA (2022)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. 2022 American Finance Association (AFA) Conference, Boston, MA (2022)
  • M&A Cybersecurity Risk: Empirical Evidence Lattanzio, G. Taillard, J. Babson College, Wellesley, MA (2022)
  • M&A Cybersecurity Risk: Empirical Evidence Lattanzio, G. Taillard, J. Duke University, Durham, NC (2022)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. Cornell University, Ithaca, NY (2021)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. 2021 SFS Cavalcade Conference, Virtual (2021)
  • M&A Cybersecurity Risk: Empirical Evidence Lattanzio, G. Taillard, J. University of Bologna, Bologna, Italy (2021)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. Georgia Tech, Atlanta, GA (2021)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. HEC Paris, Paris, France (2021)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. Nazarbayev University, Astana, Kazakhstan (2021)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. UT Austin, Austin, TX (2021)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. The Ohio State University, Columbus, OH (2021)
  • When Benchmarks Fail: The Day that WTI Died Gilje, E. Ready, R. Roussanov, N. Taillard, J. The Wharton School, Philadelphia, PA (2021)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. Research Seminar, Aalto, Finland (2019)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. 2019 Mitsui Corporate Governance Conference, Ann Arbor (2019)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. 2019 European Finance Association (EFA) Conference, Carcavelos, PT (2019)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. 2019 ECGI Conference, Frankfurt, DE (2019)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. 2019 Western Finance Association (WFA) Conference, San Diego (2019)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. 2019 Drexel Corporate Governance Conference, Philadelphia (2019)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. 2019 Babson Research Day, Wellesley, MA (2019)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. 2019 American Finance Association (AFA) Conference, Atlanta, GA (2019)
  • Why are Firms with more Managerial Ownership Worth Less? Fabisik, K. Fahlenbrach, R. Stulz, R. Taillard, J. Research Seminar, Manchester, UK (2019)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. 2018 European Finance Association Conference, Warsaw (Poland) (2018)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. 15th Annual IDC Conference in Financial Economics Research, Tel Aviv (Israel) (2018)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. 2018 Northeastern Conference, Boston (2018)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. 2018 Eastern Finance Conference, Philadelphia (2018)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. 20th Annual Texas Finance Festival, Austin (TX) (2018)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. External Seminar, Mexico City (2018)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. External Seminar, Tampa (FL) (2018)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. Internal Seminar, Philadelphia (PA) (2018)
  • Real Option Exercise: Empirical Evidence Decaire, P. Gilje, E. Taillard, J. Babson Research Day , Wellesley (2018)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. Babson Research Day , Wellesley, MA (2017)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. Internal seminar, Wellesley, MA (2016)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. External seminar, Kingston, RI (2016)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. External seminar, Boston, MA (2016)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. Internal seminar, London, Ontario (2016)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. 2016 International Accounting Section Midyear Meeting,, New Orleans (2016)
  • Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion Taillard, J. Restrepo, F. External seminar, Chestnut Hill, MA (2016)
  • Does Hedging Affect Firm Value? Evidence from a Natural Experiment Gilje, E. Taillard, J. American Finance Association (AFA) Annual Meeting, Chicago (2016)
  • Does Hedging Affect Firm Value? Evidence from a Natural Experiment Gilje, E. Taillard, J. OU Energy Finance Conference, Oklahoma City (2015)
  • Does Hedging Affect Firm Value? Evidence from a Natural Experiment Gilje, E. Taillard, J. Tenth annual Financial Intermediation Research Society (FIRS) Conference, Reykjavik (2015)
  • Did Government Regulations Lead to Inflated Credit Ratings? Behr, P. Kisgen, D. Taillard, J. American Finance Association, Boston, MA (2015)
  • Does Hedging Affect Firm Value? Evidence from a Natural Experiment Gilje, E. Taillard, J. EFA Conference, Lugano (2014)
  • Does Hedging Affect Firm Value? Evidence from a Natural Experiment Gilje, E. Taillard, J. OSU Alumni Conference, Columbus (2014)
  • Does Hedging Affect Firm Value? Evidence from a Natural Experiment Gilje, E. Taillard, J. SFS Cavalcade, Georgetown (2014)
  • Do Public Firms Invest Differently than Private Firms? Taking cues from the Natural Gas Industry Taillard, J. Gilje, E. SFS Cavalcade, Miami (2013)
  • Do Public Firms Invest Differently than Private Firms? Taking cues from the Natural Gas Industry Taillard, J. Gilje, E. Western Finance Association (WFA) Conference, Lake Tahoe (2013)
  • Do Public Firms Invest Differently than Private Firms? Taking Cues from the Natural Gas Industry Taillard, J. Gilje, E. Adam Smith Corporate Finance Workshop, Oxford (2013)
  • Do Private Firms Invest Differently than Public Firms? Taking Cues from the Natural Gas Industry Taillard, J. Gilje, E. 9th Annual Conference on Corporate Finance, St Louis, MO (2012)
  • Do Private Firms Invest Differently than Public Firms? Taking Cues from the Natural Gas Industry Taillard, J. Gilje, E. NBER Corporate Finance Spring Conference, Chicago (2012)
  • Do Independence and Financial Expertise of the Board Matter for Risk Taking and Performance? Taillard, J. 8th International Paris Finance Meeting, Paris, France (2010)
  • Do Independence and Financial Expertise of the Board Matter for Risk Taking and Performance? Williamson, R. Taillard, J. Annual Corporate Governance Conference , University of Delaware, Newark DE (2010)
  • Do Independence and Financial Expertise of the Board Matter for Risk Taking and Performance? Taillard, J. NBER Corporate Finance Fall Conference, Boston (2010)
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