Skip to main content
About HEC About HEC Faculty & Research Faculty & Research Master’s programs Master’s programs MBA Programs MBA Programs PhD Program PhD Program Executive Education Executive Education Summer School Summer School HEC Online HEC Online About HEC Overview Overview Who We Are Who We Are Egalité des chances Egalité des chances Career Center Career Center International International Campus Life Campus Life Stories Stories The HEC Foundation The HEC Foundation Faculty & Research Overview Overview Faculty Directory Faculty Directory Departments Departments Centers Centers Chairs Chairs Knowledge Knowledge Master’s programs Master in
Management Master in
Management
Dual-Degree
programs Dual-Degree
programs
MSc International
Finance MSc International
Finance
Specialized
Masters Specialized
Masters
Student Life Student Life Certificates Certificates
MBA Programs MBA MBA EMBA EMBA TRIUM EMBA TRIUM EMBA PhD Program Overview Overview HEC Difference HEC Difference Program details Program details Research areas Research areas HEC Community HEC Community Placement Placement Job Market Job Market Admissions Admissions Financing Financing Summer School Youth Leadership Initiative Youth Leadership Initiative Summer programs Summer programs Admissions Admissions FAQ FAQ HEC Online Overview Overview Degree Program Degree Program Executive certificates Executive certificates MOOCs MOOCs

Matthias EFING

Assistant Professor

Finance

 Profile picture

Biography

Matthias EFING obtained his Ph.D. from the Swiss Finance Institute and the University of Geneva in 2016 and (a German equivalent of) a Master of Sciences in business administration from the University of Mannheim in 2010. He is also a research affiliate at the CEPR and the CESifo. His main research interests include financial intermediation and regulation as well as empirical corporate finance. He has published in the Journal of Financial Economics and in the Journal of International Economics. His research has been covered by International Banker, Le Temps, NZZ, 24heures, Die Bank, ifo Schnelldienst and VoxEU. His papers won the ESRB Research Prize in Memory of Ieke van den Burg 2016, the best paper award at the Paris December 2013 Finance Meeting, the Distinguished CESifo Affiliate Award 2013, and the SFI Best Paper Doctoral Awards 2012 and 2015. Matthias teaches corporate finance in the spring term.

https://matthiasefing.com/

Scientific articles

Shareholder Bargaining Power and the Emergence of Empty Creditors

Journal of Financial Economics, Forthcoming, (in coll. with S. COLONNELLO, F. ZUCCHI)

Incentive pay and bank risk-taking: Evidence from Austrian, German, and Swiss banks

Journal of International Economics, July 2015, vol. 96, n° 1, pp 123-140, (in coll. with H. HAU, P. KAMPKÖTTER, J. STEINBRECHER)

Structured debt ratings: Evidence on conflicts of interest

Journal of Financial Economics, April 2015, vol. 116, n° 1, pp 46-60, (in coll. with H. HAU)

Working papers

Scientific articles

Shareholder Bargaining Power and the Emergence of Empty Creditors

Journal of Financial Economics, Forthcoming, (in coll. with S. COLONNELLO, F. ZUCCHI)

Incentive pay and bank risk-taking: Evidence from Austrian, German, and Swiss banks

Journal of International Economics, July 2015, vol. 96, n° 1, pp 123-140, (in coll. with H. HAU, P. KAMPKÖTTER, J. STEINBRECHER)

Structured debt ratings: Evidence on conflicts of interest

Journal of Financial Economics, April 2015, vol. 116, n° 1, pp 46-60, (in coll. with H. HAU)

Working papers

Education

  • Ph.D., in Finance, Swiss Finance Institute University of Geneva (GFRI), Université de Genève - Switzerland
  • M.Sc in Business Administration, Mannheim University - Germany
  • B.Sc. in Business Adminsitration, Mannheim University - Germany

Academic appointments

Academic responsabilities at HEC

  • 2016- Member of GREGHEC (CNRS) HEC Paris
  • 2016- Assistant Professor, Finance HEC Paris

Scientific Activities

Editorial activities

  • Ad-hoc Referee for Journal of Banking and Finance and Review of Finance

  • Awards & honors

    Membership in Academic or Professional Organisation

    • 2018 2018 grant from Entrepreneurship group at NBER
    • 2016 ESRB Research Prize in Memory of Ieke van den Burg
    • 2015 2015 Student Travel Grant for the EEA (European Economic Association) Annual Meeting for the paper "Arbitraging the Basel Securitization Framework: Evidence from German ABS Investment"
    • 2015 2015 Swiss Finance Institute Best Paper Doctoral Award for "Arbitraging the Basel Securitization Framework: Evidence from German ABS Investment"
    • 2013 2013 Distinguished CESifo Affiliate Award for Bank Capital Regul. with an Opport. CRA
    • 2013 2013 Best Papers Award of the Paris December Finance Meeting for the paper "Structured Debt Ratings: Evidence on Conflicts of Interest"
    • 2012 2012 Swiss Finance Institute Best Paper Doctoral Award for Bank Capital Regul. with an Opport. CRA
    • 2007 German Academic Exchange Service, EU Excellence Program
    • 2007 SAP AG Foreign Exchange Scholarship
    • 2005 German National Merit Foundation Scholarship