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Member of CNRS-GREGHEC Research Group
Evren Örs is an Associate Professor in the Finance Department of HEC Paris. He has obtained his Ph.D. from Boston College in 1999. His main research areas are financial institutions and corporate finance. His current research projects include the impact of banking deregulation on trade, the effects of banking integration on industry growth and M&A activity, the impact of regulation on key employee compensation. He has papers accepted in the Journal of Finance, Journal of Financial Economics, Journal of Money Credit and Banking, Journal of Banking and Finance, Journal of Corporate Finance, among other publications. Since September 2015 Evren is the HEC Paris Finance Department's Coordinator. Since December 2015 he is the Academic Director of the HEC Paris Executive Master in Finance. He teaches introductory finance classes at the master's and executive master's levels.
"Systemic Risk in Clearing Houses: Evidence from the European Repo Market", Forthcoming, Journal of Financial Economics, (in coll. with C. BOISSEL, F. DERRIEN, D. THESMAR).
"Performance Gender-Gap: Does Competition Matter ? ", Journal of Labor Economics, July 2013, vol. 31, n° 3, pp. 443-499 (in coll. with F. Palomino, E.-A. PEYRACHE).
"(Interstate) banking and (interstate) trade: Does real integration follow financial integration?", Journal of Financial Economics, April 2012, vol. 104, n° 1, pp. 89-117 (in coll. with T. K. MICHALSKI).
"The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency", Journal of Money, Credit, and Banking, August 2008, vol. 40, n° 5, pp. 897-928 (in coll. with D. Evanoff).
"Margin Regulation and Market Quality: A Microstructure Analysis", Journal of Corporate Finance: Contracting, Governance and Organization, September 2004, vol. 10, n° 4, pp. 549-574 (in coll. with G. Alexander, M. Peterson, P. Jo. Seguin).
"Post Mortem on Federal Reserve's Functional Cost Analysis Program: How Useful Was the FCA?", Review of Financial Economics, 2004, vol. 13, n° 1-2, pp. 121-148.
"The predictive power of implied volatility: Evidence from 35 futures markets", Journal of Banking and Finance, November 2003, vol. 11, n° 27, pp. 2151-2176 (in coll. with A. Szakmary, J. Kim, W. Davidson III).
"Bank Performance Around the Introduction of a Section 20 Subsidiary", The Journal of Finance, February 2002, vol. 57, n° 1, pp. 501-521 (in coll. with M. Comett, H. Tehranian).
"Using Implied Volatility on Options to Measure the Relation Between Asset Retums and Variability", Journal of Banking and Finance, July 2001, vol. 25, n° 7, pp. 1245-1269 (in coll. with W. Davidson, J. Kim, A. Szakmary).
"Hedging Corporate Bond Portfolios across the Business Cycle", Journal of Fixed Income, March 1996, vol. 5, pp. 56-60 (in coll. with A. Marcus).
"State-Subsidies and Firm Performance: Evidence from France", Mimeo, (in coll. with B. Durand, T. Jeanjean).
"U.S. Banking Integration and State-Level Exports", Mimeo, (in coll. with T. Michalski).
"Financial Integration and Growth: Banks' Previous Industry Exposure Matters", Cahier de Recherche du Groupe HEC, 2015 (in coll. with N. DINCBAS, T. K. MICHALSKI).
"Systemic Risk in Clearing Houses: Evidence from the European Repo Market", Cahier de Recherche du Groupe HEC, 2015 (in coll. with C. BOISSEL, F. DERRIEN, D. THESMAR).
"Risk-Based Capital Requirements for Banks and International Trade", Cahier de Recherche du Groupe HEC, 2014 (in coll. with B. DEMIR, T. K. MICHALSKI).
"U.S. Banking Integration and State-Level Exports", Cahier de Recherche du Groupe HEC, 2014 (in coll. with T. K. MICHALSKI).
"Bank Imputed Interest Rates: Unbiased Estimates of Offered Rates?", FRB of Chicago Working Paper, 2006 (in coll. with T. Rice).
Employment Date: 2003
Main courses taught at HEC
1999 Ph.D. in Finance, Carroll School of Management - Boston College, USA.
1994 M.S. in Finance, Carroll School of Management - Boston College, USA.
1992 Master of Business Administration, Middle East Technical University (M.E.T.U.), Turkey.
1988 B.S. in Mechanical Eng., Middle East Technical University (M.E.T.U.), Turkey.
Academic responsibilities at HEC
Scientific Director of CESA Finance.
EMBA Course Leader for Financial Markets.
Scientific Director of Executive Master Gestion Financière.
2015- Department Head, Finance.
2009- Associate Professor, Finance.
2004- Member, GREGHEC (CNRS).
External academic responsibilities
1999-2003 Assistant Professor, Dept. of Finance, SIUC.
1998-1999 Instructor, Dept. of Finance, Southern Illinois University-Carbondale (SIUC)..
Membership in Academic or Professional Organisation
Research Affiliate, Centre for Economic Policy Research (CEPR).
Member, European Finance Association.
Member, French Finance Association (AFFI).
Member, American Finance Association.
Associate Editor, Journal of Money, Credit and Banking.
Ad hoc referee for the Journal of Finance, Review of Financial Studies, Review of Finance, Journal of Money Credit and Banking, Journal of Financial Intermediation, Journal of Banking & Finance, Journal of Financial Services Research, among others..
Member, Conference Program Committees: FMA 2001 and 2002 Annual Meeting ; Southern Finance Association 2000 Meeting.
Co-organizer, Conference on Financial Intermediation and The Real Economy, NYSE/Euronext Paris.
Co-organizer, "6th HEC - INSEAD - PSE 2009 Workshop on Economics & Finance".