Finance

The Finance Department conducts research into the main areas of finance, such as asset pricing, corporate finance, market microstructure, financial intermediation and regulation.

The department has 30 professors and runs a highly successful Ph.D. program with a strong placement record, and hosts visiting faculty from leading US and European schools. It organizes about 30 research seminars per year by leading US and European academics.

The department is responsible for teaching the MBA specialization in Finance, the EMBA, the MSc International Finance, the Grande Ecole Master in Management Finance specialization, and the Executive Master in Finance.

HEC Paris - S Building - © Jean-Marc Biais

Lead News

Oct 30, 2020

HEC Paris Professor of Finance Creates a Blog to Make Sense of Financial Markets

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

PhD Thesis Defense, Huan Tang, Finance

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

New Research Shows That Unemployment Insurance Can Spur Entrepreneurial Activity

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

Ph.D. Graduate Huan Tang Wins the 2020 AQR Top Finance Graduate Award

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

PhD Thesis Defense, Pekka Honkanen, Finance

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

Bruno Biais wins a European Research Council’s Advanced Grant

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 – What really lies behind the hype?

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

HEC PhD Student in Finance, Maxime Bonelli, wins the 2019 SUERF/UniCredit Foundation Research Prize

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 Paris and Société Générale Renew Key Chair

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

12 New Research Academics Arrive at HEC Paris

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

Welcome to the new PhD 2019 cohort

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

Boris Vallée, HEC PhD 2014, Nominated Associate Professor

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

HEC Paris Creates the Jean-Marie Eveillard Endowed Chair in Value Investing

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

PhD Thesis Defence, Yapei Zhang, Finance

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

2019 HEC PhD Graduates

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

Frank Debates Over Cutting-edge Research at S&O

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

4 Nations Cup: voting for the most promising young scholars in finance

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

Q&A with Witold Henisz: Exploiting Big Data for a Financial Revolution

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

Take-off for Space Economy Partnership

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

PhD Thesis Defence, Finance

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

2019 Data Day Marks New Initiatives

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

PhD Thesis Defence, Finance

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

Nov 22, 2018

HEC Paris Welcomes New Researchers and Professors

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

Impactful Investing: Turning Promises into Results

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

HEC Paris win 2016 Harvard International Finance Competition

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

Reference Broker Sets Up HEC Chair

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

#Finance: Four Questions for Augustin Landier

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

“Fintech Goes Global”: The emergence of a borderless industry - another success for the third edition of HEC Paris’ Fintech Talent Fair

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

HEC Paris shines in the 2018 QS Rankings

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

Nov 13, 2016

Unilend, crowdfunding pioneer at the fintech talent fair

Jun 22, 2017

HEC Paris and ESA Launch Joint Initiative to Explore Outer Space for Peaceful and Sustainable Business Projects

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

Oct 30, 2016

Fintech at the crossroads: disruption, collaboration and regulation

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.

Oct 12, 2016

HEC Paris Finance Career Events

Oct 06, 2016

How to Make Finance Rhyme with Ethics

Sep 01, 2016

HEC Paris Appoints Olivier Bossard its New Executive Director for the Msc International Finance

Jun 20, 2016

Financial Times ranks HEC Paris Masters in Finance #1 Worldwide

Apr 25, 2016

hec paris MIM teal wins harvard international finance competition 2016

Apr 11, 2016

hec paris master in management's student team on the road to the 2016 harvard international finance competition finals

Dec 10, 2015

First FinTech Talent Fair on HEC Paris Campus

Nov 14, 2015

HEC Paris paving the way in the world of Finance programs

Oct 10, 2015

The 2015 HEC Paris International Finance Forum

Jul 15, 2015

Leading HEC Paris Master in International Finance to new heights

Jun 20, 2015

HEC Paris Masters in Finance #1 worldwide for fifth consecutive year by the Financial Times

Apr 01, 2015

Introducing Prodigy Finance: a new loan program for international students

Dec 02, 2014

New course in the "Traffic Rules" of Finance

Oct 16, 2014

The HEC Paris International Finance Forum: a unique opportunity for students to connect with prestigious institutions

Oct 20, 2014

Interest-free student finance: a new solution from BRED and the HEC Foundation

Sep 14, 2014

HEC Prof Johan Hombert awarded Best Young Researcher by the Fondation Banque de France

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...