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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

Reaching for Yield in the ABS Market: Evidence from German Bank Investments

Review of Finance, 2019, vol. rfz013, pp 1-31,

Shareholder Bargaining Power and the Emergence of Empty Creditors

Journal of Financial Economics, November 2019, vol. 134, n° 2, pp 297-317, (in coll. with S. COLONNELLO, F. ZUCCHI)

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)

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)

Working papers

Bank Bonus Pay as a Risk Sharing Contract

Cahier de Recherche du Groupe HEC , 2018

Freeze! Financial sanctions and bank responses

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2018

Scientific articles

Reaching for Yield in the ABS Market: Evidence from German Bank Investments

Review of Finance, 2019, vol. rfz013, pp 1-31,

Shareholder Bargaining Power and the Emergence of Empty Creditors

Journal of Financial Economics, November 2019, vol. 134, n° 2, pp 297-317, (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

Bank Bonus Pay as a Risk Sharing Contract

Cahier de Recherche du Groupe HEC , 2018

Freeze! Financial sanctions and bank responses

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2018

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

Scientific Activities

Editorial activities

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

  • Awards & honors

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