Biography
Denis Gromb is the Antin I.P. Chair Professor of Finance at HEC Paris. He graduated from Ecole Polytechnique, where he also obtained a Ph.D. in Economics while visiting the London School of Economics.
His principal research interests include corporate finance, corporate governance, banking, the economics of organizations and the limits to arbitrage in financial markets. His articles have been published in leading academic journals in Economics and Finance.
Denis teaches courses related to Corporate Finance in different programs : Grande Ecole, Master in Economics, Part-time MBA, Executive MBA, and the Executive MSc in Finance.
He has previously been on the Finance faculty at MIT (1995-2001), London Business School (2001-2008), and INSEAD (2008-2015), and visited the London School of Economics (2007-2008).
Selected publications include:
· “Large Shareholders, Monitoring and the Value of the Firm” with M. Burkart and F. Panunzi, Quarterly Journal of Economics (1997)
· “Why Higher Takeover Premia Protect Minority Shareholders” with M. Burkart and F. Panunzi, Journal of Political Economy (1998)
· “Equilibrium and Welfare in Markets with Constrained Arbitrageurs” with D. Vayanos, Journal of Financial Economics (2002)
· “Public Trading and Private Incentives” with A. Faure-Grimaud, Review of Financial Studies (2004)
· “Collusion and the Organization of Delegated Expertise” with D. Martimort, Journal of Economic Theory (2007)
· “Limits of Arbitrage: The State of the Theory” with D. Vayanos, The Annual Review of Financial Economic (2010).
· “Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking” with V. Acharya and T. Yorulmazer, American Economic Journal: Macroeconomics (2012).
· “Legal Investor Protection, and Takeovers” with M. Burkart, H. Muller, and F. Panunzi, Journal of Finance (2014).
Scientific articles
Journal of Industrial Economics, Septembre 2020, vol. 68, n° 3, pp 409-444, (in coll. with D. BARDEY, D. MARTIMORT, J. POUYET)
Journal of Financial Economics, Septembre 2020, vol. 137, n° 3, pp 591-605, (in coll. with R. DONALDSON, G. PIACENTINO)
Management Science, November 2019, vol. 65, n° 11, pp 5128-5141, (in coll. with F. DE VÉRICOURT)
Manufacturing & Service Operations Management, Winter 2018, vol. 20, n° 1, pp 85-96, (in coll. with F. DE VERICOURT)
American Economic Journal: Macroeconomics, 2011, (in coll. with V. ACHARYA, T. YORULMAZER)
Journal of the European Economic Association, April-May 2010, vol. 8, n° 2-3, pp 456-466, (in coll. with D. VAYANOS)
The Annual Review of Financial Economic, 2010, (in coll. with D. VAYANOS)
Journal of Economic Theory, November 2007, vol. 137, n° 1, pp 271-299, (in coll. with D. MARTIMORT)
Journal of Law, Economics and Organization, 2006, (in coll. with J. CARRILLO)
Review of Financial Studies, 4 April 2004, vol. 17, n° 4, pp 985-1014, (in coll. with A. FAURE-GRIMAUD)
Working papers
Cahier de Recherche du Groupe HEC , 2018
Cahier de Recherche du Groupe HEC , 2017
Cahier de Recherche du Groupe HEC , 2017
Case Studies
Scientific articles
Journal of Industrial Economics, Septembre 2020, vol. 68, n° 3, pp 409-444, (in coll. with D. BARDEY, D. MARTIMORT, J. POUYET)
Journal of Financial Economics, Septembre 2020, vol. 137, n° 3, pp 591-605, (in coll. with R. DONALDSON, G. PIACENTINO)
Management Science, November 2019, vol. 65, n° 11, pp 5128-5141, (in coll. with F. DE VÉRICOURT)
Manufacturing & Service Operations Management, Winter 2018, vol. 20, n° 1, pp 85-96, (in coll. with F. DE VERICOURT)
Working papers
Cahier de Recherche du Groupe HEC , 2018
Cahier de Recherche du Groupe HEC , 2017
Cahier de Recherche du Groupe HEC , 2017
Case Studies
Education
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Ph.D., Economics, Ecole Polytechnique - France
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Master in Mathematical Economics, Ecole Polytechnique - France
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Engineering Degree, Ecole Polytechnique - France
Academic appointments
Academic Responsibilities at HEC
- 2015- Professor, Finance HEC Paris
- 2015- Member of GREGHEC, the joint research laboratory CNRS-HEC Paris HEC Paris
External Academic Responsibilities
- 2008-2015 Professor, Finance INSEAD
- 2008-2009 Professor, Finance London Business School
- 2007-2008 Visiting Professor, Finance London School of Economics & Political Science
- 2001-2008 Associate Professor, Finance London Business School
- 1999-2001 Associate Professor, Finance MIT, Massachusetts Institute of Technology, Sloan School of Management
- 1995-1999 Assistant Professor, Finance MIT, Massachusetts Institute of Technology, Sloan School of Management
Scientific Activities
Editorial activities
Awards & honors
- 2022 Award winner: Private Equity and Infrastructure: Antin's TowerCo Deal, Finance, Accounting and Control category at The Case Centre Awards and Competitions 2022
- 2021 Prix AFFI 2021 de la meilleure etude de cas en Finance pour "
- 2018 Prix Vernimmen
- 2018 2018 AFFI-CCMP Award for the best case in Finance for "Pradas Hong Kong IPO" in collaboration with Alberta Di Giuli
- 2018 2018 Case Center Awards Competitions with "Prada's Hong Kong IPO", in collaboration with A. Di Giuli, in the category of finance, accounting and control
- 2008 Fondation Banque de France Grant
- 2007 ESRC Grant
- 1994 The Review of Economic Studies Tour