• Print
  • Contact
Yan Alperovych, PhD, Economy, Finance, Control


Associate Professor

Economics, Finance, Control

Yan teaches corporate finance and related topics in MSc in Management and Specialized Master in Financial Engineering programs. His research interests lie in the area of entrepreneurial finance, venture capital, and private equity and their role in stimulating growth and performance of small and medium sized firms. He is also interested in the assessment of the impact of public sector initiatives to promote regional entrepreneurship.


  1. 2011 Ph.D. in Economics and Management - University of Liège (HEC-ULG Ecole de Gestion), Belgium
  2. 2006 Master in international economics, magna cum laude -  Donetsk National Technical University, Ukraine
  3. 2005 Master in management science, suma cum laude - University of Liège (HEC-ULG Ecole de Gestion), Belgium


AFFI 2016, Best paper in corporate & entrepreneurial finance, 2016. 

Belgian Venturing Association (BVA), Best Essay - Ph.D. section, 2014. 


  1. Since April 2014 Associate professor of finance - EMLYON Business SchoolEcully, France
  2. September 2011 - April 2014 Assistant professor of finance - EMLYON Business School, Ecully, France
  3. May 2011 - August 2011 Post-doc fellow – University of Liège, Belgium
  4. January 2010 - June 2010 Visiting research fellow - Center for Management Buyout Research, Nottingham University Business School, United Kingdom
  5. February 2009 - May 2009 Expert-assistant for the Belgian Parliament in the Special Commission on the global financial crisis, Belgium
  6. January 2007 - December 2011 FRFC/FNRS research fellow (FRFC is the branch of the Belgian National Research Fund), University of Liège, Belgium
  7. July 2003 - August 2006 Assistant-consultant and project coordinator for Enterprise Restructuting Facility (Bearing Point) - INTRON Ltd.


  1. Venture capital and private equity performance analysis
  2. Capital budgeting
  3. Capital structure in SMEs

Courses taughtTop

  1. MSc in Management - Corporate Finance; Corporate Financial Management; Practicing Corporate Valuation
  2. Specialized Master in Financial Engeneering - Venture Capital module

Research InterestTop

  1. Venture capital and private equity finance
  2. Venture valuation
  3. Capital budgeting
  4. Capital structure and financing choices of unlisted firms

Communications & SeminarsTop

2016: AFFI Spring International Conference, University of Liège, Belgium; Research seminar at Ben Gurion University of the Negev (scheduled), Beersheba, Israel; FMA Annual Meeting (scheduled), Las Vegas, US. 

2015: Research seminar at HEC-ULg Management School, University of Liège, Belgium. 

2014: Private Equity: Different Views - International Workshop, Université Paris Ouest, Nanterre la Défence, France.

2013: 11th Corporate Finance Day, University of Liège, Belgium; AFFI Spring International Conference, EMLYON Business School, France. 

2012: BENELUX Corporate Finance Day, Vlerick Business School, Belgium.

2011: VICO Final Conference ”Entrepreneurial Finance: the real impact”, Politecnico di Milano, Italy.

2010: BENELUX Corporate Finance Day 2010, University of Groningen, The Netherlands; Multinational Finance Society 17th Annual Meeting, Universitat Pompeu Fabra, Spain. 

2009: Asian Finance Association Annual Meeting, University of Queensland, Australia; European Financial Management Association Annual Meeting, Bocconi University, Italy; AFFI Spring Annual Meeting, University of Brest, France. 

2008: Belgian Financial Research Forum, University of Ghent, Belgium; Scientific Seminar by Franz Palm and Sophie Manigart, University of Liège, Belgium.