PhD Dissertation Defense, Xucheng Shi, Accounting and Management Control
Congratulations to Dr Xucheng Shi, Accounting and Management Control specialization, who successfully defended his Doctoral Dissertation at HEC Paris, on June 22, 2021. Xucheng will join the ESSEC Business School as assistant professor from next September.
Three Essays on Information Intermediaries in Capital Markets
Pepa Kraft, Professor, HEC Paris
François Brochet, Associate Professor, Boston University
David Oesch, Professor, University of Zurich
David Erkens, Professor, China Europe International Business School
Fabrizio Ferri, Associate Professor, University of Miami
Hervé Stolowy, Professor, HEC Paris
Pepa Kraft, Professor, HEC Paris, Advisor
This dissertation consists of three chapters that empirically investigate the economics of information intermediaries. The first chapter investigates whether a proxy advisory firm’s parent company has a vested interest in proxy votes. The second chapter presents a joint work with Han Wu, examining whether proxy advisors exert an active role in influencing executive compensation or merely a passive role as information intermediaries. The third chapter, joint with Zhang Zhang, explores whether credit reports from investorpaid rating agencies provide incremental information of corporate debt issuers’ credit risk.