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Matthias EFING

Professeur Associé

Finance

 Profile picture

Biographie

Matthias Efing is an Associate Professor of Finance at HEC Paris. His research on financial intermediation, corporate finance, and governance has been published in the Review of Financial Studies, the Journal of Financial Economics, the Review of Finance, the Review of Corporate Finance Studies, and the Journal of International Economics. Professor Efing holds a PhD in finance from the Swiss Finance Institute and graduated as Diplomkaufmann from the University of Mannheim.

https://matthiasefing.com/

Articles scientifiques

How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock?

Review of Corporate Finance Studies, août 2023, vol. 12, n° 3, pp 488–538, (in coll. with R. FAHLENBRACH, C. HERPFER, P. KRUEGER)

Bank Bonus Pay as a Risk Sharing Contract

Review of Financial Studies, janvier 2023, vol. 36, n° 1, pp 235-280, (in coll. with H. HAU, P. KAMPKÖTTER, J.-C. ROCHET)

Freeze! Financial Sanctions and Bank Responses

Review of Financial Studies, novembre 2023, vol. 36, n° 11, pp 4417-4459, (in coll. with S. GOLDBACH, V. NITSCH)

Reaching for Yield in the ABS Market: Evidence from German Bank Investments

Review of Finance, août 2020, vol. 24, n° 4, pp 929-959,

Shareholder Bargaining Power and the Emergence of Empty Creditors

Journal of Financial Economics, novembre 2019, vol. 134, n° 2, pp 297-317, (in coll. with S. COLONNELLO, F. ZUCCHI)

Incentive pay and bank risk-taking: Evidence from Austrian, German, and Swiss banks

Journal of International Economics, juillet 2015, vol. 96, n° 1, pp 123-140, (in coll. with H. HAU, P. KAMPKÖTTER, J. STEINBRECHER)

Structured debt ratings: Evidence on conflicts of interest

Journal of Financial Economics, avril 2015, vol. 116, n° 1, pp 46-60, (in coll. with H. HAU)

Cahiers de recherche

Risk Managers in Banks

Cahier de Recherche du Groupe HEC , 2020

Freeze! Financial sanctions and bank responses

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2018

Articles scientifiques

Bank Bonus Pay as a Risk Sharing Contract

Review of Financial Studies, janvier 2023, vol. 36, n° 1, pp 235-280, (in coll. with H. HAU, P. KAMPKÖTTER, J.-C. ROCHET)

Freeze! Financial Sanctions and Bank Responses

Review of Financial Studies, novembre 2023, vol. 36, n° 11, pp 4417-4459, (in coll. with S. GOLDBACH, V. NITSCH)

How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock?

Review of Corporate Finance Studies, août 2023, vol. 12, n° 3, pp 488–538, (in coll. with R. FAHLENBRACH, C. HERPFER, P. KRUEGER)

Reaching for Yield in the ABS Market: Evidence from German Bank Investments

Review of Finance, août 2020, vol. 24, n° 4, pp 929-959,

Cahiers de recherche

Risk Managers in Banks

Cahier de Recherche du Groupe HEC , 2020

Freeze! Financial sanctions and bank responses

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2018

Formation

  • Ph.D., en Finance, Swiss Finance Institute & University of Geneva (GFRI), Université de Genève - Suisse
  • Diplomkaufmann (German equivalent of MSc in Business Administration), University of Mannheim - Allemagne

Nominations académiques

Responsabilités académiques à HEC

  • 2023- Professeur Associé, Finance HEC Paris
  • 2016-2022 Professeur Assistant, Finance HEC Paris
  • 2016- Membre du GREGHEC, le laboratoire de recherche CNRS-HEC Paris HEC Paris

Activités scientifiques

Activités scientifiques

  • Ad-hoc Referee for Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Review of Finance, Journal of Financial and Quantitative Analysis, Management Science, Journal of Banking and Finance, Journal of Financial Intermediation, Journal of Corporate Finance, Journal of Money, Credit and Banking, Journal of Business Economics, The Economics of Transition, Bundesbank Discussion Papers

  • Conference organisation

  • Conference committees / ad-hoc reviewer for FIRS, EFA, Paris December Finance Meeting, IWH-FIN-FIRE Workshop, DGF
  • Prix ​​& honneurs

    • 2019 Best Papers Award of the Paris December Finance Meeting
    • 2019 SFS Cavalcade Award for the Best Paper in Corporate Finance (Asia-Pacific)
    • 2018 Small research grant from Entrepreneurship group at NBER
    • 2016 ESRB Research Prize in Memory of Ieke van den Burg
    • 2015 Swiss Finance Institute Best Paper Doctoral Award
    • 2015 Student Travel Grant for the EEA Annual Meeting
    • 2013 Distinguished CESifo Affiliate Award
    • 2007 SAP AG Foreign Exchange Scholarship
    • 2007 German Academic Exchange Service, EU Excellence Program
    • 2005 German National Merit Foundation Scholarship