HEC in the press

Personnel Today wonders in an article why companies should implement and how far they should go in this direction. A study led by Tomasz Obloj, professor at HEC Paris Business School, found out that pay transparency reduces pay inequality and pay equity. However, there are also drawbacks to such a transparency: it weakens the link between salary and performance.

Among all the benefits of a master's degree, some can actually be unexpected. According to Business Because, one of them is the opportunity to broaden the understanding and knowledge of different cultures through an international year group. For instance, HEC Paris Business School's Master in Finance is made up of 82% international students.

An article published in Hakai Magazine dwells on regulation dodges in the shipping industry, including through the use of flags of convenience (FOC), and wonders why this tendency is rising. Guillaume Vuillemey, Associate professor of finance at HEC Paris Business School, published in 2020 a study about FOCs and provides some answers to that. He found that owners are more likely to switch to an FOC when the rates that shippers can charge for freight are low, reducing revenue, an indication that cost-cutting is indeed a principal incentive. Shipping companies that don't "flag out" can lose customers to competitors that can offer a lower price.

As The Economist wonders to what extent could Germany be affected by a ban on hydrocarbons, it draws on a research led by HEC Paris Business School professor Jean-Noël Barrot which found out that ripple effects through production networks accounted for more than half of the total economic impact.

In an interview for the German media Capital, finance professor at HEC Paris Business School Armin Steinbach details what is to be expected during Macron's second mandate.

Do specialist funds perform better than the generalist ones? Referring to the 2021 HEC Paris - Dowjones Small-Cap Buyout Performance Ranking, Private Equity International explains that it isn't the case. Oliver Gottschalg, who designed the ranking and teaches at HEC Paris Business School, explains: "Sector focus or diversity are neither a necessary nor a sufficient condition for success".

Private Equity News publishes the results of the 2021 HEC Paris-Dow Jones Small-Cap Buyout Performance Ranking, which is elaborated by professor at HEC Paris Business School Oliver Gottschalg and analyzes the firms which generated the best performance for investors participating in the small-cap market segment.

As the Frankfurther Allgemeine Zeitung wonders what can be expected of Emmanuel Macron's second mandate, professor at HEC Paris Business School Armin Steinbach thinks that despite the need to reform the retirement age "it's going to come down to some soft reform", due to a strong opposition.

Wirtschaftswoche wonders what can be expected from Emmanuel Macron now that he has been reelected. According to finance professor at HEC Paris Business School Armin Steinbach, the French President will not be able to conduct the reforms he had planned: "The country is more divided than ever, you can't expect a reform president."

After the announcement of Emmanuel Macron's reelection at the French Presidency, economy professor at HEC Paris Business School Tomasz Michalski provides to the BBC an analysis of the issues which are now at stake: the inflation, French people's purchasing power, which party will have the majority in Parliament, etc.