In this article we share testimonials from our professors about their personal experience with online education.
Jean-Michel Gauthier began his career in the oil industry before switching to consulting. Having spent a total of 30 years in international energy, he now shares his expertise by training leaders from all sectors in energy-transition issues. Jean-Michel is affiliate professor in the finance department at HEC Paris, where he holds the Energy & Finance Chair sponsored by Société Générale.
By Jean-Michel Gauthier
Investing abroad can be a risky business for firms, so many only invest in countries that can safeguard investments through treaties. But some companies do invest in less stable countries without the protection of bilateral treaties. Pierre Dussauge, HEC Professor of Strategy and Business Policy explains how these firms instead use their political influence to get ahead of competitors.
By Pierre Dussauge
To date, at least nine international banks have paid enormous sums to the US as a result of violating US economic sanctions, including the French bank BNP Paribas, which was fined nearly $9 billion in 2014. As the US increasingly employs its punitive arsenal to force non-US banks to comply, this has resulted in their Americanization, argue two HEC professors.
By David Restrepo Amariles , Matteo M Winkler
Denis Gromb is a professor of finance at HEC Paris. In this short video, he answers four questions, explaining his key findings about the consequences of the use of "collateral" on companies and society.
By Denis Gromb
As the Single Supervisory Mechanism (SSM), the system of supervision for Euro Area banks centered on the European Central Bank (ECB), is now well into its fifth year of operation, the financial press offers constant reminders of the role of regulation and supervision in shaping the decisions of large multinational banks (MNBs). In particular, recent examples have highlighted their impact on banks’ locational choices, be it in the case of banks relocating some of their operations from London to other European cities in the anticipation of Brexit, or in the case of CommerzBank, which may soon become the target of a European cross-border bank merger.
In our recent research published in the Journal of Financial Economics, we analyze price formation in a context in which dealers repeatedly compete for the opportunity to trade with retail traders. We characterize equilibria in which dealers’ pricing strategies are optimal irrespective of the private information that each dealer may possess. We propose a robust model that predicts how the dealers share information and equilibrate the trade.
Risky investments such as stocks typically are associated with high long-term returns. However, this is not so in the case of art. Why don’t art markets follow the normal rules of investment? New research by Stefano Lovo and Christophe Spaenjers uncovers the idiosyncrasies of this very particular type of investment and offers tips for those considering putting their money into fine art.
By Christophe Spaenjers , Stefano Lovo
Hugues Langlois is an Assistant Professor of Finance at HEC Paris. In this short video, and developed in this complementary article, he shares the practical applications of his research about big data methodologies in finance, and how his research provides a new tool to measure expected returns in international stock markets. Another big step in the world of finance for asset managers and risk managers…
By Hugues Langlois-Bertrand
