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
HEC Paris teaches and conducts research on how to combine corporate and financial performance with Corporate Social Responsibility and fair regulations in corporate andinstitutional sectors as well as society as a whole. In this special newsletter, find a presentation of the latest research, teaching initiatives, and events on these decisive topics.
“Socially responsible behavior leads to increased financial performance over time”, or at least this is the mantra that has come to dominate business doctrine. Studies into whether this claim is true in practice have had mixed results, and, in their new research, Professors Afshin Mehrpouya and Imran Chowdhury explore why.
By Afshin Mehrpouya
Some banks are too big to fail, meaning they'll likely be bailed out by the government if facing bankruptcy. To avoid such banks behaving recklessly at the expense of the taxpayer, banking regulators have imposed safety nets, based on risk calculation. A trio of researchers uncovers flaws in the risk-scoring system and proposes simple improvements – but will they be heard?
By Christophe Pérignon
Denis Gromb, Antin I.P. Chair Professor of Finance at HEC Paris, talks about his business case study “Bain Capital’s ‘Take Private’ of China Fire” co-authored with Marc Kitten of CANDESIC and about case writing.
Industry in the US suffers from intense competition with Chinese imports. Now, Johan Hombert and Adrien Matray, show how investment in R&D and innovation is making American products better, different, and more competitive in a globalized world.
By Johan Hombert
The business case study “Prada’s Hong Kong IPO” co-authored by Denis Gromb, Antin I.P. Chair Professor of Finance at HEC Paris, wins prestigious 2018 Award by The Case Centre in the Finance, Accounting and Control category and ranks among the best-sellers on the platform for 2017. Find this case and also many more case studies produced at HEC Paris on the official HEC Paris Case Collection.
The online crowdfunding platform Kickstarter has the reputation of helping innovative start-ups get funding. Cathy Yang and her co-authors find, however, that innovative ideas — products that were both novel and useful — actually receive significantly less funding from this platform than other projects. What are the implications for entrepreneurs?
By Liu Cathy Yang
