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Philippe Masset

Dr Philippe Masset

Dr Philippe Masset

Professeur Associé

Expertise

  • Investissements alternatifs
  • Finance empirique
  • Gestion financière dans l'hôtellerie
  • Économie du vin
  • Gestion des investissements
  • Gestion des risques et investissements alternatifs

Biographie

Philippe Masset est titulaire d'un doctorat de l'Université de Fribourg. Ses principaux domaines de recherche sont les investissements alternatifs, l'économie du vin et l'économie de l'hôtellerie-restauration. Il est membre de l'Association américaine des économistes du vin (AAWE) et siège au conseil d'administration de l'Association européenne des économistes du vin (EuAWE). Il est membre fondateur de l'Alliance pour la recherche sur le vin et la gestion hôtelière (ARWHM), dont il est actuellement le président. Il est rédacteur associé du Journal of Wine Economics et de la Harvard Data Science Review, et a dirigé la publication de plusieurs numéros spéciaux. Ses travaux de recherche ont été publiés dans Economic Modelling, Emerging Markets Review, European Financial Management, le Journal of Alternative Investments et le Handbook of Financial Econometrics and Statistics. Il enseigne la finance (gestion de portefeuille, financement immobilier, fusions-acquisitions, investissements alternatifs, économie du vin, etc.). Il siège au comité d'investissement d'Hotela, préside le conseil de fondation du fonds de pension Prévotel et est membre de PEP Économie & Management. Gestion (HES‑SO).

Récompenses

Best conference presentation at the annual meeting of the AAWE, Princeton University (2012)
Award for the best paper at the Annual Meeting of the European Association of Wine Economics, University of Angers (2011) and University of Brno (2015)
Vigener Prize for the best Ph.D. dissertation at the Faculty of Economics and Social Sciences, University of Fribourg (2012)

Formation

PhD in Finance, University of Fribourg

Cours enseignés

BACHELOR OF SCIENCE IN INTERNATIONAL HOSPITALITY MANAGEMENT
• Investment management
• Risk Management and Alternative Investments
MASTER IN HOSPITALITY MANAGEMENT
• Portfolio Management
MASTER OF BUSINESS ADMINISTRATION FOR HOSPITALITY AND SERVICE INDUSTRIES
• Venture Hospitality: Creating & Evaluating Experiences

Lieu d'enseignement

EHL Campus Lausanne

Publications dans des revues

Li, S., Masset, P., & Weisskopf, J.-P. (2026). Baijiu as an Alternative Investment: The Financial Performance of the World’s Most Consumed Spirit. Finance Research Letters, 90, 109405. https://doi.org/10.1016/j.frl.2025.109405

Masset, P., & Weisskopf, J.-P. (2025). Simulation games in hospitality finance: Enhancing engagement and learning during emergency remote teaching. Journal of Hospitality, Leisure, Sport & Tourism Education, 37, 100575. https://doi.org/10.1016/j.jhlste.2025.100575

Masset, P. (2024). Market segments and pricing of fine wines over their lifecycle. Economic Modelling, 141, 106915. https://doi.org/10.1016/j.econmod.2024.106915

Masset, P. and Weisskopf, J.-P. (2024). From risk to reward: the strategic advantages of diversifying grape varietals. International Journal of Contemporary Hospitality Management, 36(8), 2555-2581. https://doi.org/10.1108/IJCHM-06-2023-0801

Masset, P., Poretti, C., & Weisskopf, J.-P. (2024). In family we trust—In good and bad times. International Review of Finance, 24(1), 128-138. https://doi.org/10.1111/irfi.12429

Gergaud, O., Masset, P., Pedrinelli, A., & Weisskopf, J. (2024). To share or not to share: An analysis of wine list disclosure by Swiss restaurant owners. Journal of Wine Economics, 19(1), 4-18. https://doi.org/10.1017/jwe.2023.13

Masset, P., Terrier, L., & Livat, F. (2023). Can a wine be feminine? Gendered wine descriptors and quality, price, and aging potential. Journal of Wine Economics, 18(4), 273-285. https://doi.org/10.1017/jwe.2023.30

Masset, P., Weiskopf, J. P., & Cardebat, J. M. (2023). Efficient pricing of Bordeaux en primeur wines. Journal of Wine Economics, 18(1), 39-65. https://doi.org/10.1017/jwe.2023.5

Masset, P., & Raub, S. (2023). The impact of wine tasters’ expectations on wine quality ratings and willingness-to-pay. Journal of Wine Economics, 18(2), 156-172. https://doi.org/10.1017/jwe.2023.15

Lussi, S., Masset, P., Weisskopf, J.-P., & Blal, I. (2023). Cross-dimensional measures of asset lightness and fee orientation in lodging groups. International Journal of Hospitality Management, 109, 103391. https://doi.org/10.1016/j.ijhm.2022.103391

Masset, P., Mondoux, A., & Weisskopf, J. P. (2023). Fine wine pricing in a small and highly competitive market. International Journal of Wine Business Research, 35(1), 164-186. https://doi.org/10.1108/IJWBR-10-2021-0054

Masset, P., & Weisskopf, J.-P. (2022). At what price should Bordeaux wines be released? Economic Inquiry, 60(1), 392-412. https://doi.org/10.1111/ecin.12997

Masset, P., Weisskopf, J. P., Cardebat, J. M., Faye, B., & Le Fur, E. (2021). Analyzing the risks of an illiquid and global asset: The case of fine wine. The quarterly review of economics and finance, 82, 1-25. https://doi.org/10.1016/j.qref.2021.06.023

Masset, P., & Weisskopf, J. P. (2021). New York restaurants: a wine odyssey between 1865 and 1920. Cornell Hospitality Quarterly, 62(3), 297-312. https://doi.org/10.1177/19389655211009852

Masset, P., & Maurer, F. (2021). Mitigating downside risk of portfolio diversification: wine versus other tangible assets. Economic modelling, 102, 105579. https://doi.org/10.1016/j.econmod.2021.105579

Dubois, M., Agnoli, L., Cardebat, J.-M., Compés, R., Faye, B., Frick, B., Gaeta, D., Giraud-Héraud, E., Le Fur, E., Livat, F., Malorgio, G., Masset, P., Meloni, G., Pinilla, V., Rebelo, J., Rossetto, L., Schamel, G., & Simon-Elorz, K. (2021). Did wine consumption change during the COVID-19 lockdown in France, Italy, Spain, and Portugal?. Journal of wine economics, 16(2), 131-168. https://doi.org/10.1017/jwe.2021.19

Masset, P., Weisskopf, J.-P., & Fauchery, C. (2020). Last Frontier Investments: The Case of Alpine Wines. Journal of Wine Economics, 15(2), 181-206. https://doi.org/10.1017/jwe.2019.30

Masset, P., Uzelac, I., & Weisskopf, J.-P. (2019). Family Ownership, Asset Levels and Firm Performance in Western European Hospitality Companies. Journal of Hospitality and Tourism Research, 46(3), 867-889. https://doi.org/10.1177/1096348019849665

Masset, P., & Weisskopf, J.-P. (2018). Wine indices in practice: Nicely labeled but slightly corked. Economic Modelling, 68, 555-569. https://doi.org/10.1016/j.econmod.2017.03.025

Masset, P., Weisskopf, J.-P., Faye, B., & Le Fur, E. (2016). Red obsession: the ascent of red wine in China. Emerging Markets Review, 29, 200-225. https://doi.org/10.1016/j.ememar.2016.08.014

Masset, P., & Weisskopf, J.-P. (2016). A study of the performance of fine wine on the Swiss market. International Journal of Entrepreneurship and Small Business, 26(4), 566-582. https://doi.org/10.1504/IJESB.2016.079966

Masset, P., Weisskopf, J.-P., & Cossutta, M. (2015). Wine tasters, ratings and en primeur prices. Journal of Wine Economics, 10(1), 75-107. https://doi.org/10.1017/jwe.2015.1

Masset, P., & Weisskopf, J.-P. (2015). Wine funds - an alternative turning sour? Journal of Alternative Investments, 17(4), 6-20. https://doi.org/10.3905/jai.2015.17.4.006

Masset, P., & Weisskopf, J.-P. (2014). Le placement dans le vin: à consommer avec modération. L'Expert-comptable suisse, 9, 24-28.

Masset, P., & Henderson, C. (2010). Wine as an alternative asset class. Journal of Wine Economics, 5(1), 87-118. https://doi.org/10.1017/S1931436100001395