Skip to main content

Stefano LOVO

Professor

Finance

 Profile picture

Biography

Stefano Lovo received his Ph.D. in 2000 from CORE (Université Catholique de Louvain). He is a member of GREGHEC (CNRS).

His research focuses on information economics and its applications to financial markets and corporate finance. He has worked on various topics such as asymmetry of information among market-makers, inter-corporate asset sales, repeated games, market herd behavior, multi-unit auctions. His work is published or is in academic journals such as Econometrica, The Review of Economic Studies, Review of Financial Studies, among others.

Scientific articles

Working papers

Scientific articles

A Note on Risk Aversion and Herd Behavior in Financial Markets

Geneva Papers on Risk and Insurance Theory, July 2006, vol. 31, n° 1, (in coll. with J. Decamps)

Ascending auctions for multiple objects: the case for the Japanese design

Economic Theory, August 2006, vol. 28, n° 2, pp 331-355, (in coll. with F. Germano, G. Albano)

Bid Ask Price Competition with Asymmetric Information Between Market Makers

Review of Economic Studies, April 2006, vol. 73, n° 2, pp 329-355, (in coll. with R. Calcagno)

Informational cascades with endogenous prices: The role of risk aversion

Journal of Mathematical Economics, February 2006, vol. 42, n° 1, pp 109-120, (in coll. with J. Décamps)

Working papers

Risk attitude, beliefs updating and the information content of trades : an experiment

Cahier de Recherche du Groupe HEC , 2009

Belief-free equilibria in games with incomplete information

Cahier de Recherche du Groupe HEC , 2008

Structuring Intercorporate Asset Sales: Theory and Evidence

Mimeo , 2008

Equity and Cash in Intercorporate Asset Sales: Theory and Evidence

Cahier de Recherche du Groupe HEC , 2006

Education

  • Ph.D. in Economics, Center for Operation Research and Econometrics (CORE), Université Catholique de Louvain - Belgium
  • Master of Arts in Economics, Universite Catholique de Louvain la Neuve - Belgium

Academic appointments

Academic Responsibilities at HEC

  • 2022-2023 Department Head, Finance HEC Paris

Scientific Activities

Membership in Academic or Professional Organisation

  • Member, American Finance Association
  • Member, Western Finance Association
  • Member, Econometric Society
  • Member, Marie Curie Fellowship Association

Editorial activities

  • Reviewer, Journal of Mathematical Economics

  • Awards & honors

    • 2025 2025 Faculty Impact award with Yurii Handziuk
    • 2010 Prix du Chercheur de l'annee 2010, Fondation HEC
    • 1999 PAI-UAP "First Price for Young Researcher" for the paper on "Bid-Ask Price Competition with Asymmetric Information Between Market Makers"