Corporate finance

In description

October 15th, 2021

In Quest for Career Advancement: To Diversify or to Specialize?

Should I take this job? Will this new experience help me to get a promotion in future, or will I waste my time trying to master something that I am not good at? Those are questions that one would ask if proposed a job in another functional unit. Cross-functional transitions (moves between different functional units within an organization) may seem useful to boost one’s career, but what is better for long-term career advancement: to specialize or to diversify?

Management & Human Resources

HEC Paris Trains Future Professors

Our PhD Students Got Talent

This special issue aims to show the excellence and diversity of the research conducted by HEC Paris PhD candidates and alumni. You will find a selection of cutting-edge findings, answering crucial questions such as: Is AI a threat to human creativity? Should we listen to the Wall Street gurus? How to better manage one’s promotion? How much do we value our private data? What are ambiguity and risk attitudes? How bad is the mere presence of a phone? HEC Paris PhD Program, headed by finance professor Johan Hombert, supports its students throughout their thesis writing and job placement in the best universities and business schools, such as the MIT, Wharton and Harvard Business School. Most PhD alumni continue to collaborate with professors at HEC, thanks to the strong relationships they have developed during their journey.

October 13th, 2021

phd hec paris - knowledge

October 13th, 2021

The Smartphone: Not the Behemoth Feared by Business and Researchers

“How bad is the mere presence of a phone?” That's the title of the research paper co-authored by Claire Linares and Anne Laure Sellier and published by the review PLoS ONE. This is the product of two years of research, involving the replication of a paper that was written eight years ago by two British psychologists Andrew K. Przybylski and Netta Weinstein. In 2013, they presented data suggesting the physical presence of a cellphone in a meeting was harmful in terms of social interaction between strangers. A conclusion now disputed by the two HEC research academics.

By Claire Linares , Anne Laure Sellier

October 11th, 2021

5 minutes

Increased Use of AI in Private Equity Will Cause an Industry Shakeout

A new study developed by Thomas Åstebro, L’Oréal Professor of Entrepreneurship at HEC Paris, finds that the number of private equity (PE) and venture capital (VC) firms using artificial intelligence has increased dramatically in the past decade. The study claims that while increasing efficiency overall, AI will also change deal-making processes and destroy junior-level jobs. This article summarizes the article, ‘An Inside Peek at AI Use in Private Equity’, published in the Journal of Financial Data Science (Summer 2021, jfds.2021.1.067) with Portfolio Management Research (PMR).

L'Oréal Professor

Economics and Decision Sciences

October 08th, 2021

Economic Perspectives for Germany after September’s Federal Vote

The September 26 federal elections in Germany have been earmarked as one of its most important in the past two decades. For a start, it signals the end of Angela Merkel’s tenure as Chancellor, after 16 years at the helm of Europe’s largest economy. To comment on this landmark vote, its uncertain outcome, and economic outlook, we turn to Armin Steinbach, HEC professor in law and economics. Steinbach is ideally placed to comment: prior to his September arrival at our business school, he spent over a decade as a government official and adviser in the Ministries of Finance and of Economic Affairs and Germany’s Parliament.

October 01st, 2021

Building Back Better: Why Gender Diversity Needs to Be at the Heart of the Innovation Agenda

Innovation thrives in teams where diverse thinking is not only encouraged but proactively encouraged. Gender diverse teams are shown to have improved performance. Despite the evidence demonstrating the impact of diversity, we still witness mixed reactions to gender diverse teams with the situation exacerbated following the pandemic. As organizations are rebuilding after the initial waves of the pandemic, we focus on why gender diversity needs to be at the heart of this transformation.

Associate Professor

Diversity, Leadership, Innovation

October 01st, 2021

Why Student Debt Relief May Fall Short of Its Good Intentions

As the U.S. staggers beneath the weight of its education debt – a crushing $1.6 trillion in 2020 – there are increasing calls for loan forgiveness. But debt forgiveness plans need to be crafted carefully or they might actually disproportionately favor high-income individuals or specific ethnic groups. A duo of Finance researchers, Sylvain Catherine of Wharton School and Constantine Yannelis of Chicago Booth School of Business, explains how to tailor such policies to better redistribute their benefits. Sylvain Catherine is a HEC Paris PhD alumnus.

By Sylvain Catherine

October 01st, 2021

Gender Difference on Crowdfunding Platforms: What Pitches Work?

On prosocial crowdfunding platforms such as Kiva, which benefit low-income entrepreneurs, women-led campaigns tend to be significantly more successful than men's. To find out which specific gender dynamics explained this difference, HEC Paris professor Santosh B. Srinivas sought to sort out gender differences in the justifications for funding requests entrepreneurs made on the site.

By Santosh Srinivas

crowd and pitch - adobe

September 22nd, 2021

“The World is Watching El Salvador’s Bitcoin Experiment”

On September 7, El Salvador became the world’s first nation to make the cryptocurrency bitcoin legal tender across the country. This bold initiative from the tiny Central American state is dissected by HEC Paris Professor in Finance Bruno Biais, who has written several top research papers on cryptocurrency.

September 15th, 2021

Should You Listen to the Wall Street Gurus?

During the Covid-19 pandemic, many households started to invest in the stock market expecting to pick the winning stocks and to take advantage of the high volatility. This phenomenon has been possible thanks to the development of trading applications such as Robinhood, which provides individual investors with the opportunity to buy and sell stocks easily. Because most individual investors do not have sufficient time and financial skills, they need to find relevant information to pick stocks. While some of them use social networks such as Twitter, Stocktwits or the WallStreetBets discussions on Reddit, other investors rely on the Wall Street gurus. Is that really a good idea to listen to them?

Ph.D. Student, Teacher

Financial Accounting