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Home > Faculty > Professors' profiles > Michel Baroni

Michel Baroni
Associate Professor, Finance Department
Academic Director of the M.S. in Financial Techniques and the M.S. in Insurance-Finance

 Photo de Michel Baroni
Curriculum Vitae (pdf)
General Information Research Areas Publications Other Activities
Education
Doctorat en Sciences de Gestion, Université Paris X-Nanterre.
Certificat Supérieur d'Expertise Comptable "Relations économiques".
Diplôme d'Etudes Supérieures Economiques (DESE), Conservatoire National des Arts et Métiers.
Diplôme d'Etudes Comptables Supérieures (DECS).
Diplôme HEC, Ecole des Hautes Etudes Commerciales.
Research Areas
Areas

Real estate risk analysis and pricing

Real estate indices


Sectors
Commercial property

On-going Projects
CD-Rom : Promimmob: Property development simulation (realized  in 2000).
Academic Publications
Books
  Gestion financière de l'entreprise : logiques, politique, stratégie. (with C. Rosenberg). 2d edition. Paris (France)  : ESF éditeur, 1995
  Exercices et cas : gestion financière de l'entreprise. (with C. Rosenberg). Paris (France)  : ESF éditeur, 1992


Articles
  "Is it possible to Construct Derivatives for the Paris Residential Market" (M. Baroni, F. Barthélémy, M. Mokrane).. Journal of Real Estate Finance and Economics (The), Oct. 2008, Vol. 37, Issue 3, p. 233‑264
  "Un nouvel indice de risque immobilier pour le marché résidentiel parisien" (M. Baroni, F. Barthélémy, M. Mokrane).. Revue Economique, Jan. 2008, Vol. 59, Issue 1, p. 99‑118
  "Using rents and price dynamics in real estate portfolio valuation" (M. Baroni, F. Barthélémy, M. Mokrane).. Property Management, Nov. 2007, Vol. 25, Issue 5, p. 462‑486
  "Optimal holding period for a real estate porfolio" (M. Baroni, F. Barthélémy, M. Mokrane).. Journal of Property Investment and Finance, Oct. 2007, Vol. 25, Issue 6, p. 603‑625
  "A PCA Factor Repeat Sales Index forApartment prices in Paris" (M. Baroni, F. Barthélémy, M. Mokrane).. Journal of Real Estate Research (The), June 2007, Vol. 29, Issue 2, p. 137‑158
  "Real Estate Prices: A Paris Repeat Sales Residential Index" (M. Baroni, F. Barthelemy, M. Mokrane).. Journal of Real Estate Literature, Jan. 2005, Vol. 13, Issue 3, p. 303‑321


Working papers
  "Is it possible to construct derivatives for the Paris residential market?" (M. Baroni, F. Barthélémy, M. Mokrane). Essec Research Center, DR‑07026 déc. 07.
  "Optimal holding period for a Real Estate Portfolio" (M. Baroni, F. Barthélémy, M. Mokrane). Essec Research Center, DR‑07008 avr. 07.
  "Monte Carlo Simulations versus DCF in Real Estate Portfolio Valuation" (F. Barthelemy, M. Mokrane, M. Baroni). Essec Research Center, DR‑06002 févr. 06.
  "A PCA Factor Repeat Sales Index (1973-2001) to Forecast Apartment Prices in Paris" (F. Barthelemy, M. Mokrane, M. Baroni). Essec Research Center, DR‑05002 févr. 05.
  "Physical Real Estate: A Paris Repeat Sales Residential Index" (F. Barthelemy, M. Mokrane, M. Baroni). Essec Research Center, DR‑04007 juin 04.
  "The Paris Residential Market: Driving Factors and Market Behaviour 1973-2001" (F. Barthelemy, M. Mokrane, M. Baroni). Essec Research Center, DR‑04006 mai 04.
  "Which Capital Growth Index for the Paris Residential Market?" (F. Barthelemy, M. Mokrane, M. Baroni). Essec Research Center, DR‑03002 févr. 03.
  "Physical Real Estate: Risk Factors and Investor Behavior" (F. Barthelemy, M. Mokrane, M. Baroni). Essec Research Center, DR‑01020 juin 01.


Scientific Activities
Conference Presentations
  "Constructing a new real estate risk index for the Paris residential market", (with F. Barthélémy, M. Mokrane). 14th Annual Conference, European Real Estate Society, LONDRES, Grande-Bretagne, 30 juin 2007
  "Is it possible to construct derivatives for the Paris residential market? ", (with F. Barthélémy, M. Mokrane). 2007 ARES Annual Meeting, American Real Estate Society, SAN FRANCISCO, USA, 11 avr. 2007
  "Optimal holding period for a Real Estate Portfolio ", (with F. Barthélémy, M. Mokrane). 13th ERES Annual Conference, European Real Estate Society, WEIMAR, Allemagne, 07 juin 2006
  "Monte Carlo Simulations versus DCF in Real Estate Portfolio Valuation", (with F. Barthélémy, M. Mokrane). 12th ERES Annual Conference, European Real Estate Society, DUBLIN, Irlande, 15 juin 2005
  "A PCA Factor Repeat Sales Index (1973-2001): To Forecast Apartment Prices in Paris", (with F. Barthélémy). 11th ERES Annual Conference, European Real Estate Society, MILAN, Italie, 02 juin 2004
  "Physical Real Estate: A Paris Repeat Sales Residential Index", (with F. Barthélémy, M. Mokrane). 11th ERES Annual Conference, European Real Estate Society, MILAN, Italie, 02 juin 2004
  "Which Capital Growth Index for the Paris Residential Market?", (with F. Barthelemy, M. Mokrane). Skye Conference on Commercial Property Research, Skye, Great-Britain, 21 août 2003
  "Risk Factors for the Physical Real Estate: A Factorial Index for the Paris Residential Market and Its Comparison to Existing Indices", (with F. Barthelemy, M. Mokrane). Proceedings of the 15th AREUEA International Conference, Cracovie, Pologne, 15 juin 2003
  "Comparison of Real Estate Indices for Paris: Can we Detect the So-called Bubble?", (with F. Barthelemy, M. Mokrane). 9th Annual ERES Conference, Glasgow, Scotland, 01 juin 2002


2001 : "Physical real estate : Risk factor and investor behavior", with Barthélémy F., Mokrane M., 8th ERES Conference Alicante.

2001 : "Volatility, Monte-Carlo Simulations, and the Use of Option Pricing Models in Real Estate", with Barthélémy F., Mokrane M., 8th ERES Conference
Alicante.

2002 : "A transaction based price index for Paris real estate" - Stockholm Institute for Financial research (SIFR).

2003 : "Risk factors for the physical real estate : a factorial index for the Paris residential market and its comparison to existing indices" with Barthélémy F., Mokrane M. - 15th AREUEA International Conference Cracovie.

2003 : "Which capital growth index for the Paris residential market ?" with Barthélémy F., Mokrane M. - Skye Conference on Commercial Property Research,
University of Aberdeen, RICS Foundation.

2004 : "Physical real estate : a Paris repeat sales residential index" with Barthélémy F., Mokrane M. - 10th ERES Conference Milan.

2004 : "A PCA factor repeat sales index : to forecast apartment prices in Paris" with Barthélémy F., Mokrane M. - 10th ERES Conference Milan.

2005 : "Monte-Carlo simulations vs DCF in Real Estate Portfolio Valuation" with Barthélémy F., Mokrane M. - 11th ERES Conference Dublin.

2006 : "Optimal holding period for a real estate portfolio" with Barthélémy F., Mokrane M. - 12th ERES Conference Weimar.
 

Affiliations and Academic Responsibilities
Manager of SICE, a real estate investment company, since 1980.

Administrator and in charge of real estate issues for a limited liability company "Chaudronnerie Provençale" in Aix-en-Provence, since 1986.

Administrator for the European Institute of Cooperation and Development (l'Institut Européen de Coopération et de Développement, IECD), Strasbourg, since 1989.

Consulting & Other Activities

Consultant ofr Agence Européenne pour le Développement Economique et Social,
AEDES, since 1991.
Useful Links
Finance
Contact
E-mail

ESSEC Business School
Av. Bernard Hirsch
B.P. 50105
95021 Cergy Pontoise Cedex
France