Why Private Equity Firms Should Include More Women
At the senior level, men outnumber women by a 10 to 1 ratio in the private equity sector. Considerations about gender equality notwithstanding, such a testosterone-only environment is not good for... the bottom line. A large-scale study of investment deals by HEC Paris professor of strategy and business policy proves that teams with at least one female member dramatically outperform male-only teams. An interview with Oliver Gottschalg.
How Much Consumers Value Data Privacy: Evidence from Online Borrowers
HEC Paris Ph.D. student Huan Tang was rewarded the 2020 AQR Top Finance Graduate Award. This prize rewards the six best finance Ph.D. graduates in the world. Huan works on the value that consumers place on the privacy of information in online bank lending platforms, under the supervision of Johan Hombert, HEC Paris professor of finance. In this interview, Huan explains what her latest research brings to the field of data privacy in online banking and FinTechs.
How Unemployment Insurance Can Foster Business Dynamism
Research by Johan Hombert (HEC Paris) recently published in The Journal of Finance shows that well-designed unemployment insurance is key to foster business dynamism. As unemployment is surging in the wake of COVID-19, the post-crisis policy toolkit should take special care of the design of unemployment insurance.
Can the COVID-19 Crisis Move Forward the Energy Transition?
Is the COVID-19 pandemic an opportunity for us to rethink our current energy system? Jean-Michel Gauthier, professor and Executive Director of the Energy & Finance Chair at HEC Paris, explains the global consequences of the coronavirus and paints a picture of the future of the Energy Transition right here at the heart of the European Union.
State of the Art
How to Improve Decision Making
This in-depth dossier features the latest and cutting-edge research findings on decision making from HEC Paris' professors. We hope that the tools presented will help you think your decision making from new angles and to elaborate appropriate strategies in various situations, especially during these times of uncertainty.
A New Theory in Economics Helps Predict Future Events
When will be the next financial crisis? Who is going to win the next US presidential elections? How do we create beliefs about such events? By understanding how probabilistic beliefs form, economic theorists can now explain and predict phenomena that depend on rational beliefs. Latest research by Rossella Argenziano and Itzhak Gilboa equips economic modeling with a theory and a set of tools of belief formation, based on statistics and psychology. Some of the immediate applications are the equilibrium selection in coordination games.
Building Trust between Investors and Entrepreneurs
Trust plays a key role both in investors’ and entrepreneurs’ performances. It is built among others on a shared vision of entrepreneurship, as well as shared networks. In this interview, HEC Paris Professor Hélène Löning shares her expertise based on research and several studies about entrepreneurial ecosystems conducted with her students. She introduces the different relationship stages between investors and entrepreneurs, explains the consequences of shared images of entrepreneurship, and the business schools’ key role in building this relationship and its ability to innovate. To conclude, she emphasizes the notion of trust by explaining how it applies to investors and entrepreneurs.
What Approach and What Future for Companies Hit by COVID-19? Managing Contradictions in the Affected Companies
What we are experiencing is similar to an earthquake of strong magnitude. Everyone agrees that there will be a before and after Covid-19. Whilst this earthquake assails us all, we do have control of the choices and decisions to be made. These will determine how crippled or strengthened we will be by the end... As always in times of crisis there are losers and winners, the cards are redealt.
Cash Management in Times of Crisis
Fears about economic depression following the pandemic lead most entrepreneurs to restructure their company drastically in order to secure their cash and prevent future liquidity crises. Etienne Krieger, Associate Professor on the Education Track at HEC Paris, explains the main challenges for entrepreneurs when major economic crises occur and their room for manoeuvre in terms of operations and finance. Such crises paradoxically provide a unique opportunity to rethink business models.