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Jacques OLIVIER

Professor

Finance

 Profile picture

Biography

Jacques Olivier is Professor of Finance and Dean of Faculty and Research at HEC Paris. He received his Ph.D. from the University of Pennsylvania in 1996. His research interests range from macroeconomics and growth theory to capital markets. His most recent work, in collaboration with Olivier Dessaint (University of Toronto), Clemens Otto (Singapore Management University) and David Thesmar (MIT), looks at the price impact of improper use of CAPM-based valuation methods in the context of M&As.

Prior to becoming Dean of Faculty and Research, Jacques Olivier was the coordinator of the Finance and Economics Department from 2003 to 2006 and was in charge of Finance degree programs from 2007 to 2015. He received the Pierre Vernimmen - HEC - BNP Paribas teaching award in 1998.

Scientific articles

Product-Based Cultural Change: Is the Village Global?

Journal of International Economics, March 2014, vol. 92, n° 2, pp 212-230, (in coll. with N. MAYSTRE, M. THOENIG, T. VERDIER)

Globalization and the dynamics of cultural identity

Journal of International Economics, December 2008, vol. 76, n° 2, pp 356-370, (in coll. with M. THOENIG, T. VERDIER)

The Dog that Did not Bark: Insider Trading and Crashes

Journal of Finance (The), October 2008, vol. 63, n° 5, pp 2429-2476, (in coll. with J. MARIN)

Financing Decisions of Firms and Central Bank Policy

Journal of International Money and Finance, November-December 2004, vol. 23, n° 7-8, pp 1187-1207, (in coll. with A.-T. GOH)

On the impact of leverage constraints on asset prices and trading volume

Spanish Economic Review, 2003, vol. 5, n° 2, pp 123-132, (in coll. with J. Marin)

Learning by Doing, Trade in Capital Goods and Growth

Journal of International Economics, March 2002, vol. 56, n° 2, pp 411-444, (in coll. with A.-T. GOH)

Optimal Patent Protection in a Two-Sector Economy

International Economic Review, November 2002, vol. 43, n° 4, pp 1191-1214, (in coll. with A.-T. GOH)

Growth-enhancing Bubbles

International Economic Review, February 2000, vol. 41, n° 1, pp 133-152,

Chapters edited in books

Faire évoluer l'enseignement de la finance

Réinventer L'Entreprise - Repères Pour Une Crise Qui Va Durer, B. Ramanantsoa, J. M. Le Roux (eds), Pearson - Collection Village Mondial

Working papers

CAPM-Based Company (Mis)valuations

Cahier de Recherche du Groupe HEC , 2017

Scientific articles

Product-Based Cultural Change: Is the Village Global?

Journal of International Economics, March 2014, vol. 92, n° 2, pp 212-230, (in coll. with N. MAYSTRE, M. THOENIG, T. VERDIER)

Globalization and the dynamics of cultural identity

Journal of International Economics, December 2008, vol. 76, n° 2, pp 356-370, (in coll. with M. THOENIG, T. VERDIER)

The Dog that Did not Bark: Insider Trading and Crashes

Journal of Finance (The), October 2008, vol. 63, n° 5, pp 2429-2476, (in coll. with J. MARIN)

Financing Decisions of Firms and Central Bank Policy

Journal of International Money and Finance, November-December 2004, vol. 23, n° 7-8, pp 1187-1207, (in coll. with A.-T. GOH)

Chapters edited in books

Faire évoluer l'enseignement de la finance

Réinventer L'Entreprise - Repères Pour Une Crise Qui Va Durer, B. Ramanantsoa, J. M. Le Roux (eds), Pearson - Collection Village Mondial

Working papers

CAPM-Based Company (Mis)valuations

Cahier de Recherche du Groupe HEC , 2017

Education

  • Ph.D. in Economics, University of Pennsylvania - USA
  • M.A. in Economics, University of Pennsylvania - USA
  • Diplome Grande Ecole (Master Degree in Management), ESSEC - France

Academic appointments

Academic responsabilities at HEC

  • 2016- Dean of Faculty and Research HEC Paris
  • 2008-2015 Director, HEC MSc International Finance HEC Paris
  • 2010- Professor HEC Paris
  • 2001-2009 Associate Professor HEC Paris
  • 2004- Member of GREGHEC (CNRS) HEC Paris

Scientific Activities

Membership in Academic or Professional Organisation

  • Member, American Finance Association

Editorial activities

  • Reviewer, Econometrica, Journal of Political Economy, American Economic Review, Review of Economic Studies, Management Science, Review of Financial Studies, International Economic Review, Journal of International Economics, Journal of the European Economic Association, Journal of Economic Dynamics and Control, Review of Economic Dynamics, BE Journal of Economic Analysis and Policy, Japanese Economic Review, Economic Bulletins, International Finance, Finance, Annales d'Economie et de Statistique, Revue Economique de Louvain

  • Awards & honors

    Membership in Academic or Professional Organisation

    • 1998 BNP Paribas Pierre Vernimmen Teaching Award
    • 1996 Nominated for Best Ph.D. Thesis Award, Department of Economics, University of Pennsylvania