Evren ORS

Associate Professor

Finance

Biography

Evren Örs is an Associate Professor in the Finance Department of HEC Paris. He has obtained his Ph.D. from Boston College in 1999. His main research areas are financial institutions and corporate finance. His current research projects include the impact of banking deregulation on trade, the effects of banking integration on industry growth and M&A activity, the impact of regulation on key employee compensation. He has papers accepted in the Journal of Finance, Journal of Financial Economics, Journal of Money Credit and Banking, Journal of Banking and Finance, Journal of Corporate Finance, among other publications. Since September 2015 Evren is the HEC Paris Finance Department's Coordinator. Since December 2015 he is the Academic Director of the HEC Paris Executive Master in Finance. He teaches introductory finance classes at the master's and executive master's levels.

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Scientific articles

Risk-Based Capital Requirements for Banks and International Trade

Review of Financial Studies, November 2017, vol. 30, n° 11, pp 3970-4002, (in coll. with B. DEMIR-PAKEL, T. K. MICHALSKI)

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

Journal of Financial Economics, September 2017, vol. 125, n° 3, pp 511-536, (in coll. with C. BOISSEL, F. DERRIEN, D. THESMAR)

Performance Gender-Gap: Does Competition Matter ?

Journal of Labor Economics, July 2013, vol. 31, n° 3, pp 443-499, (in coll. with F. Palomino, E.-A. PEYRACHE)

(Interstate) banking and (interstate) trade: Does real integration follow financial integration?

Journal of Financial Economics, April 2012, vol. 104, n° 1, pp 89-117, (in coll. with T. K. MICHALSKI)

The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency

Journal of Money, Credit and Banking, August 2008, vol. 40, n° 5, pp 897-928, (in coll. with D. Evanoff)

Margin Regulation and Market Quality: A Microstructure Analysis

Journal of Corporate Finance, September 2004, vol. 10, n° 4, pp 549-574, (in coll. with G. Alexander, M. Peterson, P. Jo. Seguin)

Post Mortem on Federal Reserve's Functional Cost Analysis Program: How Useful Was the FCA?

Review of Financial Economics, 2004, vol. 13, n° 1-2, pp 121-148,

The predictive power of implied volatility: Evidence from 35 futures markets

Journal of Banking and Finance, November 2003, vol. 11, n° 27, pp 2151-2176, (in coll. with A. Szakmary, J. Kim, W. Davidson III)

Bank Performance Around the Introduction of a Section 20 Subsidiary

Journal of Finance (The), February 2002, vol. 57, n° 1, pp 501-521, (in coll. with M. Comett, H. Tehranian)

Using Implied Volatility on Options to Measure the Relation Between Asset Retums and Variability

Journal of Banking and Finance, July 2001, vol. 25, n° 7, pp 1245-1269, (in coll. with W. Davidson, J. Kim, A. Szakmary)

Proceedings

The Role of Advertising in Commercial Banking

Proceedings of the Federal Reserve Bank of Chicago's 39th Bank Structure and Competition Conference , 2003

Banking Industry Consolidation and Productive Efficiency

Proceedings of the Federal Reserve Bank of Chicago's 37th Bank Structure and Competition Conference , 2001 (D. Evanoff)

Working papers

Financial Constraints and Propagation of Shocks in Production Networks

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2020

Financial Integration and Growth: Banks' Previous Industry Exposure Matters

Cahier de Recherche du Groupe HEC , 2015

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

Cahier de Recherche du Groupe HEC , 2015

Risk-Based Capital Requirements for Banks and International Trade

Cahier de Recherche du Groupe HEC , 2014

U.S. Banking Integration and State-Level Exports

Cahier de Recherche du Groupe HEC , 2014

Bank Imputed Interest Rates: Unbiased Estimates of Offered Rates?

FRB of Chicago Working Paper , 2006

Advertising and Pricing at Multiple Output Firms: Evidence from U.S. Thrift Institutions

FRB of Chicago Working Paper , 2004

Definitional and Statistical Differences in Imputed and Offered Deposit Rates

Mimeo , 2021

The Role of Advertising in Commercial Banking

Mimeo , 2021

State-Subsidies and Firm Performance: Evidence from France

Mimeo , 2021

Scientific articles

Risk-Based Capital Requirements for Banks and International Trade

Review of Financial Studies, November 2017, vol. 30, n° 11, pp 3970-4002, (in coll. with B. DEMIR-PAKEL, T. K. MICHALSKI)

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

Journal of Financial Economics, September 2017, vol. 125, n° 3, pp 511-536, (in coll. with C. BOISSEL, F. DERRIEN, D. THESMAR)

Performance Gender-Gap: Does Competition Matter ?

Journal of Labor Economics, July 2013, vol. 31, n° 3, pp 443-499, (in coll. with F. Palomino, E.-A. PEYRACHE)

(Interstate) banking and (interstate) trade: Does real integration follow financial integration?

Journal of Financial Economics, April 2012, vol. 104, n° 1, pp 89-117, (in coll. with T. K. MICHALSKI)

Proceedings

The Role of Advertising in Commercial Banking

Proceedings of the Federal Reserve Bank of Chicago's 39th Bank Structure and Competition Conference , 2003

Banking Industry Consolidation and Productive Efficiency

Proceedings of the Federal Reserve Bank of Chicago's 37th Bank Structure and Competition Conference , 2001 (D. Evanoff)

Working papers

Financial Constraints and Propagation of Shocks in Production Networks

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2020

Financial Integration and Growth: Banks' Previous Industry Exposure Matters

Cahier de Recherche du Groupe HEC , 2015

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

Cahier de Recherche du Groupe HEC , 2015

Risk-Based Capital Requirements for Banks and International Trade

Cahier de Recherche du Groupe HEC , 2014

Education

1999
Ph.D. in Finance, Carroll School of Management - Boston College - USA
1994
M.S. in Finance, Carroll School of Management - Boston College - USA
1992
Master of Business Administration, Middle East Technical University (M.E.T.U.) - Turkey
1988
B.S. in Mechanical Eng., Middle East Technical University (M.E.T.U.) - Turkey

Academic appointments

Academic responsabilities at HEC

2015-2017 Department Head, Finance HEC Paris
2015- Academic Director, Executive Master in Finance HEC Paris
2011-2012 Scientific Co-Director of Executive Master Gestion Financière HEC Paris
2011-2012 Scientific Co-Director of CESA Finance HEC Paris
2011-2012 EMBA Course Leader for Financial Markets HEC Paris
2009- Associate Professor HEC Paris
2003-2008 Assistant Professor HEC Paris
2004- Member of GREGHEC, the joint research laboratory CNRS-HEC Paris HEC Paris

External Academic Responsabilities

1999-2003 Assistant Professor, Dept. of Finance SIUC
1998-1999 Instructor, Dept. of Finance Southern Illinois University-Carbondale (SIUC).

Scientific Activities

Membership in Academic or Professional Organisation

Research Affiliate, Centre for Economic Policy Research (CEPR)
Member, French Finance Association (AFFI)
Member, European Finance Association
Member, American Finance Association

Editorial activities

Ad hoc referee for the Journal of Finance, Review of Financial Studies, Review of Finance, Journal of Money Credit and Banking, Journal of Financial Intermediation, Journal of Banking Finance, Journal of Financial Services Research, among others.

Associate Editor, Journal of Money, Credit and Banking

Conference organisation

2011-2011 Co-organizer, Conference on Financial Intermediation and The Real Economy, NYSE/Euronext Paris

2009- Co-organizer, "6th HEC - INSEAD - PSE 2009 Workshop on Economics & Finance"

Member, Conference Program Committees: FMA 2001 and 2002 Annual Meeting ; Southern Finance Association 2000 Meeting