Finance

May 13, 2025

Congratulations to Dr. Madhulika Kaul (D.23) and Yurii Handziuk for winning the 2024 HEC Foundation Prizes in recognition of their outstanding doctoral research and academic impact.

Apr 15, 2025

It is with deep sadness that we learned that Marie Elizabeth Sushka, Professor of Finance at the W. P. Carey School of Business at Arizona State University, passed away on Saturday April 5, 2025.

Jan 27, 2025

In December 2024, HEC Paris and Hong Kong University of Science and Technology (HKUST) successfully concluded their joint workshop on Impact and Sustainable Finance. The workshop brought together top researchers from Europe and Asia to share their latest studies and ideas...

Oct 30, 2024

In January 2023, the US Federal Trade Commission (FTC) proposed to ban non-compete clause rules, a move inspired by California's success, where the absence of such clauses has contributed to Silicon Valley's growth. As part of the decision-making process, the FTC reviewed...

Jul 25, 2024

For the second year running, HEC Paris hosted the Top Finance Graduate Award 2024, a celebration of innovation and academic excellence organized by professors Jean-Edouard Colliard and Augustin Landier. The daylong event showcased groundbreaking research by six of the most...

Dec 12, 2023

In 2023, five professors have been promoted at HEC Paris. Pepa Kraft and Vedran Capkun of the Accounting and Management Control department, and Xitong Li of the Information Systems and Operations Management department have been promoted to professor, while Matthias Efing...

Dec 10, 2023

Alyssa Rusonik is a PhD student at the Finance department of HEC Paris. In just the second year of her PhD, she has received an award for the best article from a doctoral student at the annual conference of the Canadian Network for Economic History. Her new paper...

Nov 20, 2023

At its Autumn Seminar 2023 Inquire Europe awarded the first prize to a paper co-authored by Irina Zviadadze, associate professor of finance at HEC Paris.

Nov 20, 2023

13 years after its first edition, the seventh PhD Workshop was dominated by the memory of its co-founder, Denis Gromb. But it was also a key moment for doctoral students from round the globe to present their research. Sponsored this year by ERC, these were four days of...

Nov 16, 2023

11 new students embarked on the long and winding journey towards a Ph.D. in September, bringing the total number of doctoral candidates at HEC Paris to 56. Hailing from as far afield as Brazil, Singapore, Italy, India and Mexico, they were given an immediate taste of the...

Oct 20, 2023

HEC Paris continues its campaign to recruit world-class research professors with the arrival of 14 new academics to its faculty ranks. This maintains its long-term objective of becoming one of the world's research hubs. The academics join the Finance, Economics & Decision...

Sep 22, 2023

Irina Zviadadze, Associate Professor of Finance at HEC Paris and affiliate researcher at the Centre for Economic Policy Research (CEPR), is the winner of the “Best Young Researcher in Finance and Insurance” award 2023, sponsored by the SCOR Foundation for Science.

Sep 29, 2023

The seventh PhD Workshop in Finance united academics from around the world around the spirit and works of Denis Gromb. The late Professor of Finance at HEC Paris initiated this Workshop in 2010, providing a platform for doctoral students in the final year to present their...

Jul 07, 2023

Congratulations to Dr Maxime Bonelli, Finance, who successfully defended his Doctoral Dissertation at HEC Paris on July 6th, 2023. Maxime has accepted a position as Assistant Professor at London Business School.

Jun 06, 2023

Congratulations to Dr Tianhao Yao, Finance, who successfully defended his doctoral dissertation at HEC Paris on June 6, 2023. Tianhao has accepted a position as Assistant Professor at Singapore Management University (SMU) starting in July.

Jan 20, 2023

HEC Paris Professor of Finance Stefano Lovo has had his research paper “ Herding in Equity Crowdfunding” accepted for publication in the RAND Journal of Economics, the leading journal in industrial organization. The research is in collaboration with Thomas Astebro...

Dec 13, 2022

HEC Paris is ranked the top business school in Europe by the Financial Times, and research impact is part of the ranking’s factors. Indeed, HEC Paris is one of the world’s top research schools in economics and management, and our faculty aim to have an impact on pedagogy...

Nov 15, 2022

Tributes for HEC Professor Denis Gromb have flooded in from colleagues, academics and former students worldwide, following the news that the Antin I.P. Chair Professor of Finance passed away on October 30. He was one of the most impactful and respected scholars in his...

Nov 10, 2022

Denis Gromb, Professor of Finance at HEC Paris, passed away on Sunday October the 30th. It’s impossible to overstate how wonderful it has been for us all, faculty, students, and staff, to work with Denis. The HEC Paris Finance Department conveys its deepest sympathy to...

Oct 18, 2022

This year, the Scientific Advisory Board of the Autorité des Marchés Financiers (AMF) awards its young researcher prize in economics to Noémie Pinardon-Touati (HEC PhD and Assistant Professor in the department of Economics at Columbia University), whose research focuses on...

Sep 27, 2022

HEC Dean Eloïc Peyrache formally launched the school’s first-ever job matching platform for students and staff at the September 22 Townhall meeting. RAMP-UP, invented and designed by Associate Dean for Research Christophe Pérignon answers both a growing need for academics...

Oct 11, 2022

HEC Paris welcomed 11 new research professors to its faculty ranks for this new academic year, one of the richest pickings in years. The top-class scholars join seven of the school’s nine departments, swelling HEC’s total of professor-researchers to 120.

Aug 31, 2022

Congratulations Maxime! The European Finance Association (EFA) DT Co-Chairs awards the best paper presented at the 2022 EFA Doctoral Tutorial to Maxime Bonelli, HEC PhD in Finance.

Jun 20, 2022

Congratulations to Dr Noémie Pinardon-Touati, Finance specialization, who successfully defended her Doctoral Dissertation at HEC Paris, on June 20, 2022. Dr Pinardon-Touati has accepted a position at Columbia University (USA) as Assistant Professor.

May 17, 2022

Congratulations to Noémie Pinardon-Touati, one of the 6 winners of the 2022 AQR (Applied Quantitative Research) Top Finance Graduate Award. This prestigious prize rewards the six best students in finance in the world selected by a jury of absolutely top academics in the...

Mar 31, 2022

Jean-Édouard Colliard, Associate Professor of Finance at HEC Paris and co-holder of the Analytics for Future Banking chair (HEC Paris — Natixis — Polytechnique), is the winner of the “Best Young Researcher in Finance and Insurance” award 2022, sponsored by the SCOR...

Mar 16, 2022

Congratulations to Dr Junli Zhao who received this Wednesday, March 16, 2022, the prestigious HEC Foundation Doctoral Dissertation Award 2021 for his research in intermediation in financial markets.

Feb 28, 2022

For the first time in its 32-year history, the Case Centre, a leading independent case-publishing platform, has rewarded not one, but two, HEC academics in the same year for their outstanding case work in 2021. Professors Rodolphe Durand and Denis Gromb were recognized in...

Dec 21, 2021

More than a dozen of HEC’s top faculty members paid a visit to Station F in early December as part of a learning expedition to the world’s biggest startup campus. This was designed to further solidify the strong ties between the business school and this hub of incubating...

Dec 15, 2021

The fourth Data Day saw a welcome return to in-person presentations and conversations. 21 months after its previous edition, this hybrid event involved 150 practitioners, researchers and students gathered in the Jouy campus’ T Building. The 2021 edition saw lively...

Sep 10, 2021

The Journal of Finance, one of the top journals in financial economics, just published the paper “ Inventory Management, Dealers' Connections, and Prices in Over-the-Counter Markets” by HEC Paris finance professors Jean-Edouard Colliard and Thierry Foucault (together with...

Sep 10, 2021

Thierry Foucault, HEC Chaired Foundation Professor of Finance, has been appointed co-managing editor of the Journal of Financial and Quantitative Analysis ( JFQA) last September.

Jul 05, 2021

The case “Private Equity and Infrastructure : Antin's TowerCo Deal” written by Denis Gromb has won the prestigious AFFi*-CCMP Prize. This recognizes the year’s best case in Finance and rewards an original, innovative analysis, aiming to illustrate concepts of finance and...

Aug 12, 2021

Congratulations to Dr Junli Zhao, Finance specialization, who successfully defended his Doctoral Dissertation at HEC Paris, on August 12, 2021. Dr Zhao will join City University of London, Bayes Business School on September 1, 2021.

Jul 05, 2021

Associate Professor of Finance Daniel Schmidt has had his research paper “ Fundamental Arbitrage under the Microscope: Evidence from Detailed Hedge Fund Transaction Data” accepted for publication in the Review of Asset Pricing Studies, one of the best journals in financial...

May 14, 2021

Bruno Biais, professor of finance at HEC Paris, was granted an Honoris Causa Doctorate by the University of Zurich, recognizing his fundamental contributions to Finance and Economics.

May 04, 2021

Thierry Foucault, professor of finance at HEC Paris and GREGHEC (CNRS/HEC), and the Scientific Co-Director of Hi! Paris Center*, is one of 209 new recipients of the European Research Council (ERC) Advanced Grant. The top award allows Foucault to pursue his project research...

Mar 22, 2021

The Finance Department at HEC Paris is pleased to announce that Associate Professor Ioanid Rosu has had his research paper “ Evolution of Shares in a Proof-of-Stake Cryptocurrency” published in Management Science, one of the world’s top management journals. The research is...

Jan 19, 2021

Johan Hombert, professor of finance at HEC Paris, has been selected for a European Research Council (ERC) Consolidator Grant, making HEC Paris recipient of two ERC grants in 2020, and three in total.

Jan 11, 2021

The Finance Department at HEC Paris is pleased to announce that Associate Professor Christophe Spaenjers has had his research paper on the profitability of real estate accepted for publication in the Review of Financial Studies, one of the world’s top three finance...

Dec 10, 2020

The Finance Department at HEC Paris is pleased to announce that Associate Professor Irina Zviadadze has had her research paper on risk-return trade-off accepted for publication in the Review of Financial Studies, one of the world’s top three finance journals.

Oct 30, 2020

Professor Johan Hombert initiated a blog on finance to keep in touch with his students at HEC Paris by helping them understand the COVID-19 crisis, during and following the lockdown in France. The blog hence answers various questions about finance.

Aug 27, 2020

Congratulations to Dr Huan Tang, Finance specialization, who successfully defended her Doctoral thesis at HEC Paris, on August 27, 2020. Huan joined the London School of Economics as Assistant Professor.

Jul 21, 2020

How to foster business dynamism when we emerge from COVID-19? New research shows that well designed unemployment insurance is key. Professor of Finance Johan Hombert (HEC Paris), with three researchers from UC Berkeley and MIT Sloan School of Management, has recently...

Jul 11, 2020

The HEC Paris Finance Department is proud to announce that HEC Ph.D. student Huan Tang is one of the six winners of the 2020 AQR Top Finance Graduate Award.

May 29, 2020

Congratulations to Dr Pekka Honkanen, Finance, who successfully defended his Doctoral thesis at HEC Paris, on May 26, 2020. Pekka will join the Terry College of Business, University of Georgia as Assistant Professor of Finance.

May 12, 2020

In early 2020, the European Research Council (ERC) granted €450 million for Europe’s long-term research, because "Europe’s future depends on science and research", reminded Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth. HEC...

Nov 25, 2019

Fintech seems to be everywhere these days - but how much do we really know about the industry? In our latest Executive Horizons survey, 65% of respondents gave their knowledge of financial technology a score of only 3 out of 5. So how is Fintech transforming finance? What...

Nov 21, 2019

Congratulations! HEC PhD Student, Maxime Bonelli, wins the 2019 SUERF/UniCredit Foundation Research Prize, with his paper "Labor Mobility and Capital Misallocation in the Mutual Fund Industry." Maxime will present his paper at the conference at UniCredit in Milan in...

Oct 23, 2019

HEC and Société Générale have renewed a partnership for the Energy & Finance Chair stretching back to 2005. The October 15 on-campus ceremony was followed by an evening conference focusing on the “key to driving today’s energy transition”.

Oct 17, 2019

The October 3 Faculty Day featured welcome speeches for a dozen academic figures who join the ranks of HEC research professors, now numbering a total of 120. Faculty & Research Dean Jacques Olivier and Dean Peter Todd greeted the new staff members.

Sep 11, 2019

We are happy and proud to welcome our new 12 high potential PhD students to our campus (9 nationalities and all from top schools) who started their PhD journey last week. They were welcomed both by PhD fellow students, staff, professors and the HEC Foundation who is the...

Jul 17, 2019

The HEC PhD Program congratulates Professor Boris Vallée on his recent nomination as Torstein Hagen Associate Professor of Finance at Harvard Business School.

Jul 15, 2019

The HEC Foundation announced the creation of an endowed chair in value investing, financed by Jean-Marie Eveillard (H62), one of the most successful global value investors in history. The first chair holder is HEC Professor of Finance Augustin Landier.

Jul 02, 2019

Congratulations to Dr Yapei Zhang, Finance specialization, who successfully defended her thesis at HEC Paris, on July 2, 2019. Yapei will join the ShanghaiTech University School of Entrepreneurship and Management as Assistant Professor of Finance from summer 2019.

Jun 27, 2019

Warm congratulations to all our 2019 PhD graduates. Ali Shantia (Information Systems and Operations Management) - Charles Boissel (Finance) - Elena Fumagalli (Marketing) - Elena Plaksenkova (Strategy and Business Policy) - Jiachen Yang (Management and Human Resources) -...

Jun 12, 2019

The fifth S&O Research Day featured 21 presentations and three keynote speeches in a whirlwind exchange over two days. Organized by HEC Professor Georg Wernicke, the May 23-24 event was notable for its diversity, high-powered insights and motivation.

Jun 05, 2019

The 4 Nations Cup is an international competition for young finance researchers, presenting their latest research. Representing four nations, the contestants compete for the support of the audience who vote for the winning team at the end of the day.

May 29, 2019

Witold Henisz has been a key figure at The Wharton School for the past two decades. The Deloitte & Touche Professor of Management has been researching ways for corporations to find, build and maintain relationships with their external stakeholders.

Apr 25, 2019

HEC Paris, ArianeGroup and the European Space Agency (ESA) signed a three-year partnership setting up a joint-Chair to study long-term economic tendencies and opportunities in Space Economy. The trio seeks to capitalize on rapid advances in materials science and the...

Feb 22, 2019

Congratulations to Dr Sylvain Catherine who successfully defended his thesis on February 14, 2019. Sylvain joined The Wharton School, University of Pennsylvania (USA) as Assistant Professor.

Jan 25, 2019

Braving the January 22 snowstorms, around 100 academics, students, company representatives and sponsors attended HEC’s second on-campus Data Day, a wide-ranging conference devoted to the impact of data on research, education and society.

Jan 08, 2019

Congratulations to Dr Victoria Slabik who succesfully defended her thesis on December 5th, 2018. Topic: Essays in Empirical Corporate Finance

Nov 22, 2018

This 2018-19 academic year saw the arrival or confirmation of nine academic figures to swell the numbers HEC researchers to 118. At the September 27 Faculty Day, Dean Peter Todd and Faculty & Research Dean Jacques Olivier welcomed the academics, many of whom are known for...

Oct 31, 2018

The Society & Organizations (S&O) Center and the European Venture Philanthropy Association (EPVA) recently teamed up with Action Tank Social and Business for a plenary focused on impactful investing. This movement seems to promise both financial return and a meaningful...

Oct 04, 2018

On April 23rd, a team of international students from HEC Paris won the final round of the 2016 Harvard International Finance Competition, a world-renowned case study contest featuring the best global universities on Harvard's campus.

Sep 20, 2018

HEC Paris and ODDO BHF signed a Financial Analysis teaching Chair aimed at boosting HEC’s training in corporate financial analysis methodologies. The first Chairholder will be Associate Professor of Finance Alexei Ovtchinnikov.

Apr 19, 2018

Following the April 10 HEC Paris - ViaVoice debate on the finance industry and new technology, HEC Professor Augustin Landier shared his vision on the generation gap between younger and older managers; the multi-disciplinary nature of modern finance; and answering the...

Dec 06, 2017

According to Philippe Limantour, Chief Innovation Officer at EY, fintechs are organizations that combine innovative business models and technology to enable, enhance and disrupt financial services. The term, which first appeared at the end of the 90s, is now a top trend in...

Nov 29, 2017

The latest World University Rankings, established by QS, celebrate the excellence of the Master’s programs at HEC Paris.

Nov 13, 2016

Jun 22, 2017

The European Space Agency and HEC Paris have signed a joint accord centered on the creation of ESA_LAB@HEC Paris.

Oct 30, 2016

Has fintech reached the age of reason? Banking professionals, finance experts, fintech start-up founders and students were invited to partake in the passionate debate that took place at the Second edition of HEC Paris' Fintech Fair on October 20th.

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Sep 14, 2014

After Philip Valta in 2013, Johan Hombert, HEC Paris Assistant Professor in Finance and member of the Research Laborotary GREGHEC has won the prize of the “Best Young Researcher” by the Fondation Banque de France. This award is given to Johan Hombert for his overall...