Matthias EFING

Associate Professor

Finance

efing@hec.fr http://matthiasefing.com/
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Biography

Matthias Efing is an Associate Professor of Finance at HEC Paris and and a research affiliate with CEPR, CESifo, and the ACPR Chair in Regulation and Systemic Risk. His research on financial intermediation, corporate finance, and governance has been published in the Review of Financial Studies, the Journal of Financial Economics, the Review of Finance, the Review of Corporate Finance Studies, and the Journal of International Economics. His work has been widely featured in the press. Professor Efing holds a PhD in finance from the Swiss Finance Institute and graduated as Diplomkaufmann from the University of Mannheim.

https://matthiasefing.com/

Scientific articles

Working papers

Scientific articles

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)

Risk Managers in Banks

Review of Financial Studies, Forthcoming, (in coll. with V. MAURIN, P. KAMPKÖTTER)

Working papers

Bank Capital Regulation with an Opportunistic Rating Agency

Swiss Finance Institute (SFI) , 2015

Education

  • Ph.D., in Finance, Swiss Finance Institute University of Geneva (GFRI), Université de Genève - Switzerland
  • Diplomkaufmann (German equivalent of MSc in Business Administration), University of Mannheim - Germany

Academic appointments

Academic Responsibilities at HEC

  • 2023- Associate Professor, Finance HEC Paris

Scientific Activities

Editorial activities

  • Ad-hoc Referee for Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Review of Finance, Journal of Financial and Quantitative Analysis, Management Science, Review of Corporate Finance Studies, Journal of Banking and Finance, Journal of Financial Intermediation, Journal of Corporate Finance, Journal of Money, Credit and Banking, Journal of Business Economics, The Economics of Transition, Bundesbank Discussion Papers

    • Conference organisation

  • Conference committees / ad-hoc reviewer for Adam Smith Workshop 2025, EFA 2017-2025, FIRS 2018-2025, WFA 2024-2025, Aarhus Workshop on Strategic Interaction in Corporate Finance 2024-2025, Paris December Finance Meeting 2014-2025, IWH-FIN-FIRE Workshop 2017-2025, DGF 2016-2023, SMYE 2013-2015

    • Awards & honors

    • 2019 Best Papers Award of the Paris December Finance Meeting
    • 2019 SFS Cavalcade Award for the Best Paper in Corporate Finance (Asia-Pacific)
    • 2018 Small research grant from Entrepreneurship group at NBER
    • 2016 ESRB Research Prize in Memory of Ieke van den Burg
    • 2015 Swiss Finance Institute Best Paper Doctoral Award
    • 2015 Student Travel Grant for the EEA Annual Meeting
    • 2013 Distinguished CESifo Affiliate Award
    • 2007 SAP AG Foreign Exchange Scholarship
    • 2007 German Academic Exchange Service, EU Excellence Program
    • 2005 German National Merit Foundation Scholarship