CDM  Newsletter - December 2025

We are sending you this biyearly newsletter to keep you informed of the latest news from the College of Management of Technology at EPFL.

Research impact

The economics of over-the-counter markets

Prof. Julien Hugonnier has published a new book entitled "The Economics of Over-the-Counter Markets: A Toolkit for the Analysis of Decentralized Exchange", which delves into the intricate workings of over-the-counter (OTC) markets, which are prevalent in the trading of corporate and government bonds, as well as many financial derivatives. Read more...

A clearer signal of how inventors learn & build on each other's ideas

A new study published in the prestigious Strategic Management Journal by EPFL researcher Gaétan de Rassenfosse and collaborators introduces a novel way to trace how knowledge flows among inventors and firms—by looking inside the body of patent documents. Read more...

A new paradigm for multicriteria decision making

The question of how decision makers can transparently trade off among several objectives is the topic of Prof. Weber’s latest contribution to robust multicriteria decision making, which is forthcoming in Management Science, the top journal of the field. Read more...

An intermediation-based model of exchange rates

Prof. Semyon Malamud's latest article in The Review of Financial Studies dvelves into how powerful financial intermediaries—such as global banks—shape exchange rates by influencing the prices of international assets. Read more...

Outreach

Negar Kiyavash panelist at the AI Summit

Prof. Negar Kiyavash took part as a panelist in the AI summit in Turku, Finland, which brought together researchers, business leaders and policymakers from across Europe and the world, on November 17, 2025, sharing insights on advancing trustworthy AI and fostering innovation through academic–industry partnerships. Read more...

Contribution to the launch of the Global Innovation Index 2025

Prof. Gaétan de Rassenfosse was invited by the World Intellectual Property Organization (WIPO) to take part in a high-level panel discussion at the launch of the Global Innovation Index (GII) 2025. Read more...

E4S Showcase - The Impact Innovation Summit

On September 10, 2025, the Showcase summit organized by the Entreprise for Society Center (E4S) brought together over 1,150 participants at the SwissTech Convention Center in Lausanne to explore innovation for human and ecosystem wellbeing. Read more...

Innovation takes courage

Prof. Marc Gruber discusses on how innovation arises in an joint interview with Georg von Krogh (ETHZ) in the latest "ceo magazine" by pwc. Read more...

Sustainability Research Initiative

Prof. Michaël Aklin gave a keynote speach at the 2025 Sustainability Research Initiative, which promotes research on sustainable development and 2030 Agenda. Read more...

Education news

Awards & nominations

• EPFL Doctorate Award for Bahar Taskesen. Read more...
• Second place in the Best Student Paper Prize at ICSP for Mengmeng Li. Read more...
• Daniel Kuhn elected EUROPT Fellow 2025. Read more...
• Yasmin Chaqor awarded the EFG International Women in Finance Scholarship. Read more...

Meet our community

Agenda

• Seminars in Finance
• Seminars in Management of Technology
• REGIS - REading Group in Innovation Studies
• Enterprise for Society Center (E4S) events

Executive education & upcoming programs

Postcard