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Matthieu BOUVARD

Full Professor

Research area


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Matthieu Bouvard is Professor of Management Science at Toulouse School of Management (University of Toulouse), specialized in Finance, and member of Toulouse School of Economics. He obtained his PhD from the University of Toulouse in 2009.

His research focuses on financial intermediation and the impact of technological innovation in finance (Fintech). His work has been published in international journals such as Journal of Finance, Review of Financial Studies and Management Science.

He has received funding from the National Research Agency in France, and from provincial and federal agencies in Canada (FRQSC, IFSID, SSHRC).


His website:

Award, honors

  • 2020

    Best Young Researcher Award in Finance and Insurance, International Forum on Financial Risk and the “Rising Talents”, ILB/Europlace Institute in collaboration with SCOR Foundation

  • 2017

    Outstanding Paper Award, Swiss Finance Institute, Switzerland

  • 2010

    Best PhD Dissertation in Corporate Finance, French Finance Association, France

Research domains

  • Corporate Finance
  • Financial Intermediation
  • Fintech
  • Articles (ranked journals)

    Biais, B., C. Bisière, M. Bouvard, C. Casamatta, A. Menkveld, "Equilibrium Bitcoin Pricing" Forthcoming Journal of Finance

    Bouvard, M., A. de Motta, "Labor leverage, coordination failures, and aggregate risk", Journal of Financial Economics, December 2021, vol. 142, no. 3, pp. 1229-1252

    Bouvard, M., S. Lee, "Risk Management Failures", Review of Financial Studies, June 2020, vol. 33, no. 6, pp. 2468–2505

    Biais, B., C. Bisière, M. Bouvard, C. Casamatta, "The Blockchain Folk Theorem", Review of Financial Studies, May 2019, vol. 32, no. 5, pp. 1662-1715

  • Articles (non ranked journals)

    Biais, B., C. Bisière, M. Bouvard, C. Casamatta, "Blockchains, Coordination, and Forks", AEA Papers and Proceedings, May 2019, vol. 109, pp. 88-92

  • Chapters of books

    Biais, B., C. Bisière, M. Bouvard, C. Casamatta, "Strategic interactions in the blockchain: a survey of game-theoretic approaches" in Principles of Blockchain Systems., Antonio Fernandez Anta, Chryssis Georgiou, Maurice Herlihy, and Maria Potop-Butucaru Eds, Morgan and Claypool, 2021

  • Radio, TV, press

    Bouvard, M. - "La finance est-elle autre chose que de la simple spéculation ? (interview) dans À quoi sert vraiment la Bourse ?" - 2022,

    Bouvard, M. - "Va-t-on bientôt pouvoir réaliser nos achats du quotidien en bitcoins ? (interview)" - 2021, 20 Minutes, France

    Bouvard, M. - "Pourquoi les cours du bitcoin sont-ils si erratiques ?" - 2021, Les Echos, France