Portrait of Peter Adriaens

Peter Adriaens



175 EWRE

1351 Beal Avenue, Ann Arbor, Michigan 48109-2125


  • Ph.D., University of California, Riverside, CA, 1989
  • M.S., Ghent University, Belgium, 1986
  • B.Sc.(Eng.), Ghent University, Belgium, 1984

Research Interests

  • Data driven financing models for smart infrastructure systems (transportation, water, energy, waste, broadband)
  • Blockchain tokenization of infrastructure and natural assets
  • Financial network modeling of industry networks
  • Environmental and sustainability finance
  • Impact of ESG (Environmental, Social and Governance) metrics on municipal and corporate bonds
  • Integration of water risk in share price performance and financial indexes


  • Mogosanu, I., C. Jiang, C. Liao, T. Slawecki and P. Adriaens.  2021.  Capital Markets Risk Signaling: Linking Financial Asset Risk Pricing to Water Risk Exposures. J. Applied Corporate Finance, Submitted.
  • Adriaens, P., A. Tahvanainen, and M. Dixon.  2021.  Smart Infrastructure Finance: Investment in Data-Driven Industry Ecosystems.  In Wendt (Ed), The Routledge Handbook for Green and Social Economy Finance.  Taylor and Francis, Oxfordshire, UK.
  • Tian, Y., P. Adriaens, R.E. Minchin, Z. Lu and C. Qi (2021).  Asset Tokenization: A Blockchain Solution to Financing Infrastructure in Emerging Markets and Developing Economies.  Research Paper, Asia Development Bank.  Accepted for Publication.
  • Sugrue D., and P. Adriaens. 2021.  Measuring Waterway Efficiency in a Dynamic Environment: A Simulation Approach. Transportation Research E. Accepted for Publication.
  • Adriaens, P. and N. Ajami.  2021.  Infrastructure and the Digital Economy: Impacts of Data on our Role in the Design, Financing, and Governance of Essential Services for Society.  J. Env Eng, In Press
  • Tian, Y., Z. Lu, P. Adriaens, R. E. Minchin, Y. Zhang, A. Caithness, and J. Woo. 2020. Financing Infrastructure Through Blockchain-Based Tokenization.  Frontiers of Engineering Management 7 (4), 485-499
  • Sugrue, D., A. Martin and P. Adriaens.  2020.  Financial Network Analysis to Value Water Resource Risk Exposure of the Great Lakes Steel Industry.  J. Infrastructure Systems 27 (1), 05020010.
  • Mogosanu, I., D. Li and P. Adriaens. 2019. Capital Markets Risk Signaling: Linking Financial Asset Risk Pricing to Water Risk Exposures. 17th Finance, Risk and Accounting Perspectives Conference, 23.- 25. September 2019, Helsinki, Finland.
  • Cai, H. X. Wang, P. Adriaens, and M. Xu.  2019.  Environmental benefits of taxi ride sharing in Beijing. Energy 174, pp. 503-508.
  • Adriaens, P. and A. Tahvanainen.  2016. Financial Technology for Industrial Renewal.  ETLA Press, Helsinki, Finland.  Available at https://www.etla.fi/en/publications/financial-technology-for-industrial-renewal/