Thibaut G. Morillon

I am an Associate Professor of Finance at Elon University.
I am fascinated by the application of AI and Machine Learning in Finance and Real Estate, as well as anything related to Crypto and Fintech. I love bringing cutting-edge insights into the classroom, where I challenge students to work with data, build real-world workflows, and think critically about how technology is reshaping the financial world from the ground up.

My co-authors and I have published in the Journal of Banking and Finance, Financial Review, the Journal of Real Estate and Financial Economics, Financial Markets and Portfolio Management, and the Journal of Real Estate Research.

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Thibaut G. Morillon

Research Interest

Asset Management, Corporate Finance, Fintech, Mergers and Acquisitions, Real Estate.

These days my co-authors and I are focusing on the application of AI and Machine Learning to anything Finance and Real Estate!

Pubs & Projects…

Teaching Interest

Blockchain & Emerging Tech, Corporate Finance, Financial Modeling, Investments, Real Estate.

I have taught the following classes:

FIN 3030: Introduction to Finance
FIN 4030: Financial Markets and Institutions
FIN 4130: Advanced Managerial Finance
FIN 4230: Financial Modeling with Excel
FIN 4520: Real Estate Finance and Investment
FIN 4770: Finance and Blockchain
FIN 4780: SIE Prep Course
FIN 4973: Blockchain and Emerging Financial Technologies
BUS 4999: Independent Research
HNR 4998: Honors Thesis
MBA 6991: MBA Independent Study

Learn more…

Research

Published

2025

Chacon, Ryan G., and Thibaut G. Morillon. "NAV Ratios and REIT Takeovers: The Role of Public and Private Deal Premiums." Journal of Real Estate Research, (2025), pp. 1–30.

Publication

2024

Agcayazi, Busra, Ann Marie Hibbert, and Thibaut G. Morillon. "CEO International Background and Cross-border M&As." Journal of Banking and Finance, Vol. 164. (2024)

Publication

Harris, Chris, Zhe Li, and Thibaut G. Morillon. "The Impact of Intangible Assets on Capital Structure in Asia." Journal of Accounting & Finance, Vol. 24 no.2 (2024), pp. 203.

Publication

Chacon, Ryan G., Pratik Kothari, and Thibaut G. Morillon. "Economies of Scale in the Real Estate Mutual Fund Industry." Journal of Real Estate Finance and Economics, Vol. 69 no.2 (2024), pp. 228–252.

Publication

2023

French, Dan W., Andy Kern, Thibaut G. Morillon, and Adam S. Yore. "The Impact of Exchange Listing on Corporate Governance." Financial Review, Vol. 58 no. 2 (2023), pp. 197–234.

Publication
Media mention: Columbia Law School Blue Sky Blog

Chacon, Ryan G., Thibaut G. Morillon, and Ruixiang Wang. "Will the Reddit Rebellion Take You to the Moon?" Financial Markets and Portfolio Management, Vol. 37 no.1 (2023), pp. 1–25.

Publication
Media mention: Alpha Architect

2022

Morillon, Thibaut G., and Ryan G. Chacon. "Dissecting The Stock to Flow Model for Bitcoin." Studies in Economics and Finance, Vol. 39 No. 3 (2022), pp. 506–523.

Publication

Morillon, Thibaut G. "Bitcoin's Value Proposition: Shorting Expansionary Policies." Studies in Economics and Finance, Vol. 39 No. 1 (2022), pp. 20–44.

Publication

2021

Hartsema, Sarah T., Chris Harris, Zhe Li, and Thibaut G. Morillon. "Intangible Assets and Trade Credit Policy." Managerial Finance, Vol. 47 No. 9 (2021), pp. 1286–1299.

Publication

Morillon, Thibaut G. "Serial Acquirers & Decreasing Returns: Do Bidders’ Acquisition Patterns Matter?" Financial Review, Vol. 56 no. 3 (2021), pp. 407–432.

Publication

2020

Howe, John S., and Thibaut G. Morillon. "Do Mergers and Acquisitions Affect Information Asymmetry in the Banking Sector?" Managerial Finance, Vol. 46 No. 12 (2020), pp. 1521–1547.

Publication

2016

Devaney, Michael, Thibaut G. Morillon, and William L. Weber. "Mutual Fund Efficiency and Tradeoffs in the Production of Risk and Return." Managerial Finance, Vol. 42.3 (2016), pp. 225–243.

Publication

Working Papers

Chacon, Ryan G., Pratik Kothari, and Thibaut G. Morillon. (2025) "Commercial Real Estate Sentiment: A Large Language Model (LLM) Approach"

Kothari, Pratik, and Thibaut G. Morillon. (2025) "Machine Learning for Bitcoin Return Prediction"

Chacon, Ryan G., Pratik Kothari, and Thibaut G. Morillon. (2025) "Behavioral Biases and Pricing Disparities: Unraveling the Public-Private Real Estate Gap"

Chacon, Ryan G., Pratik Kothari, and Thibaut G. Morillon. (2025) "What Performance Measures do Investors Chase? Evidence from Real Estate Mutual Funds"

Teaching

I teach at the intersection of Finance and Fintech, where I combine cutting-edge concepts with hands-on, data-driven learning. I emphasize the importance of building workflows using real tools like Python, Excel, Factset, and GitHub, and I bring AI into the classroom to help students work on projects that mimic the financial world they’ll enter.
My approach focuses on active learning, case studies, and applied projects. I especially enjoy designing courses that bring technology into traditional Finance — notably in my Blockchain & Emerging Tech class, and Financial Modeling with Excel, both of which blend theory with market-relevant tools.

Courses Taught

Teaching Record by Semester

Martha and Spencer Love School of Business - Elon University
Spring 2025
FIN 4130: Advanced Managerial Finance (2 sections)
SPOT of 5.69 out of 6.00
FIN 4973: Blockchain and Emerging Financial Technologies (1 section)
SPOT of 5.66 out of 6.00
BUS 4999: Research for credit (1 student)
SPOT of 6.00 out of 6.00
Fall 2024
FIN 4230: Financial Modeling with Excel (2 sections)
SPOT of 5.74 out of 6.00
FIN 4973: Blockchain and Emerging Financial Technologies (1 section)
SPOT of 5.68 out of 6.00
Summer 2024
FIN 3030: Introduction to Finance (1 section)
SPOT of 6.00 out of 6.00
Spring 2024
FIN 4130: Advanced Managerial Finance (2 sections)
SPOT of 5.82 out of 6.00
FIN 4973: Blockchain and Emerging Financial Technologies (1 section)
SPOT of 5.52 out of 6.00
MBA 6991: MBA Independent Study (1 student)
SPOT of 6.00 out of 6.00
Fall 2023
FIN 4230: Financial Modeling with Excel (1 section)
SPOT of 5.87 out of 6.00
FIN 4973: Blockchain and Emerging Financial Technologies (1 section)
SPOT of 5.91 out of 6.00
Spring 2023
FIN 4130: Advanced Managerial Finance (2 sections)
SPOT of 5.86 out of 6.00
FIN 4973: Blockchain and Emerging Financial Technologies (1 section)
SPOT of 5.82 out of 6.00
Fall 2022
FIN 4130: Advanced Managerial Finance (2 sections)
SPOT of 5.76 out of 6.00
FIN 4973: Blockchain and Emerging Financial Technologies (1 section)
SPOT of 5.33 out of 6.00
Summer 2022
FIN 3030: Introduction to Finance (1 section)
SPOT of 5.85 out of 6.00
Spring 2022
FIN 4130: Advanced Managerial Finance (2 sections)
SPOT of 5.85 out of 6.00
FIN 4770: Blockchain and Finance (1 section)
SPOT of 5.60 out of 6.00
FIN 4780: SIE Prep Course (1 section)
SPOT of 5.29 out of 6.00
Summer 2021
FIN 3030: Introduction to Finance (1 section)
SPOT of 5.71 out of 6.00
Spring 2021
FIN 4130: Advanced Managerial Finance (3 sections)
SPOT of 5.78 out of 6.00
Fall 2020
FIN 4130: Advanced Managerial Finance (3 sections)
SPOT of 5.69 out of 6.00
Summer 2020
FIN 3030: Introduction to Finance (1 section)
SPOT of 5.33 out of 6.00
Spring 2020
FIN 4130: Advanced Managerial Finance (3 sections)
SPOT of 5.77 out of 6.00
Fall 2019
FIN 4130: Advanced Managerial Finance (2 sections)
SPOT of 5.57 out of 6.00
Trulaske College of Business - University of Missouri
Spring 2019
FIN 4030: Financial Markets and Institutions
SPOT of 4.85 out of 5.00
Summer 2018
BA 4500: Professional Development Program
SPOT of 6.00 out of 6.00
Spring 2018
FIN 4520: Real Estate Finance and Investment
SPOT of 4.64 out of 5.00
Fall 2017
FIN 4520: Real Estate Finance and Investment
SPOT of 4.75 out of 5.00
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