Member of


Main Affiliations

Goldschmidt Professor of Corporate Governance
Resident Fellow, ECARES
Executive Director and Fellow, European Corporate Governance Institute (ECGI)
Fellow, Centre for Economic Policy Reserch (CEPR)


PhD Economics, European University Institute 
MA Economics, European University Institute
MSc Economics, London School of Economics
BSc Economics, London School of Economics
IB United World College of the Adriatic


Becht teaches Master courses on corporate governance, corporate restructuring, financial systems and the economic analysis of law at the ULB. In 2003 and 2012, he was Visiting Professor and Fellow at the Saïd Business School, University of Oxford, in 2008 Max Schmidheiny Visiting Professor for Entrepreneurship and Risk at the University of St. Gallen and in 2011 Visiting Professor at Stanford Law School and a Visiting Fellow at the Rock Center for Corporate Governance. His research currently focuses on law and finance, with particular emphasis on corporate governance.

Becht is a Founder Member, a Fellow and the Executive Director of the European Corporate Governance Institute (, an international non-profit scientitic association that has close ties with the Goldschmidt Chair at the Solvay Brussels School.

Beyond his core academic activities Becht is a member of the Belgian Corporate Governance Commission, the Group of Financial Market Law Experts of the German Ministry of Finance and a Senior Adviser to Oxera, the Economic Consultancy.

Selected Works

  • Becht, M., Franks, J. R., Grant, J., & Wagner, H. F. (2017, September). Returns to hedge fund activism: An international study. The Review of financial studies, 30(9), 2933-2971. doi:10.1093/rfs/hhx048

  • Becht, M., Polo, A., & Rossi, S. (2016). Does mandatory shareholder voting prevent bad acquisitions? The Review of financial studies, 29(11), 3035-3067. doi:10.1093/rfs/hhw045

  • Becht, M., Bolton, P., Roell, A., et al. (2011). Why Bank Governance is Different. Oxford review of economic policy, 27(3), 1, 437-463. doi:10.1093/oxrep/grr024

  • Becht, M., Franks, J. R., Mayer, C., & Rossi, S. (2010, March). Returns to shareholder activism: Evidence from a clinical study of the hermes UK focus fund. The Review of financial studies, 23(3), 3093-3129. doi:10.1093/rfs/hhn054.ra

  • Becht, M., Mayer, C., & Wagner, H. F. (2008). Where do firms incorporate?: Deregulation and the cost of entry. Journal of Corporate Finance, 14(3), 241-256.

  • Becht, M., Bolton, P., & Roell, A. (2007). Corporate law and governance. In A. M. Polinsky & S. Shavell (Eds.), Handbook of law and economics (pp. 829-943). Amsterdam: North-Holland.

  • Becht, M., & Delong, J. B. (2005). Why has there been so little blockholding in the United States? In R. Morck (Ed.), The history of corporate governance around the world: family business groups to professional managers (pp. 613-666). Chicago University press.

  • Becht, M., & Barca, F. (2001). The control of corporate Europe. Oxford: Oxford University Press.

Updated on May 2, 2019