Free trade, household debt and the great recession- - ©Fotolia-Suns07Butterfly

The rise of import from China in the 2000s’ led to a strong increase in American households’ debt, reveals a study written by Professors Jean-Noël Barrot, Erik Loualiche, Matthew Plosser and Julien Sauvagnat. This effect is mainly explained by manufacturing workers borrowing to smooth consumption after facing deteriorating labor market conditions. Import competition from China therefore has not (...)

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What are the local impacts of firms being liquidated? In a new paper, Professors Bernstein, Colonnelli, Giroud and Iverson show that it negatively affects the activity of closely located firms, mainly through a reduction in consumer (...)

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Talented workers are the first to leave a firm in financial distress. Simultaneously, this makes  recruiting new skilled workers much more difficult. Labor fragility is therefore a key determinant of a firm capital structure: CFOs (...)

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Successful public-private partnerships create social and economic value. As part of a Journal of Management Studies  Special Issue “Public-Private Collaboration, Hybrid Organizational Design and Social Value,” Bertrand Quélin, (...)

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Sub-Saharan Africa suffers from a lack of energy infrastructure. Increasingly, those without access to the energy grid are relying on solar power for lighting. As part of her MSc in Sustainability and Social Innovation at HEC Paris, Mónica (...)

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