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Denis GROMB

Professeur

Finance

 Profile picture

Articles scientifiques

Financing Capacity with Stealing and Shirking

Management Science, À paraître, (in coll. with Francis DE VÉRICOURT)

The Paradox of Pledgeability

Journal of Financial Economics, À paraître, (in coll. with R. DONALDSON, G. PIACENTINO)

Financing Capacity Investment Under Demand Uncertainty: An Optimal Contracting Approach

Manufacturing & Service Operations Management, hiver 2018, vol. 20, n° 1, pp 85-96, (in coll. with F. DE VERICOURT)

The Dynamics of Financially Constrained Arbitrage

Journal of Finance (The), septembre 2018, vol. 73, n° 4, pp 1713-1750, (in coll. with D. VAYANOS)

Legal Investor Protection, and Takeovers

Journal of Finance (The), juin 2014, vol. 69, n° 3, pp 1129-1165, (in coll. with M. BURKART, H. MULLER, F. PANUNZI)

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

American Economic Journal: Macroeconomics, 2011, (in coll. with V. ACHARYA, T. YORULMAZER)

A Model of Financial Market Liquidity Based on Intermediary Capital

Journal of the European Economic Association, avril-mai 2010, vol. 8, n° 2-3, pp 456-466, (in coll. with D. VAYANOS)

Limits of Arbitrage: The State of the Theory

The Annual Review of Financial Economic, 2010, (in coll. with D. VAYANOS)

Collusion and the organization of delegated expertise

Journal of Economic Theory, novembre 2007, vol. 137, n° 1, pp 271-299, (in coll. with D. MARTIMORT)

Culture in Organizations: Inertia and Uniformity

Journal of Law, Economics and Organization, 2006, (in coll. with J. CARRILLO)

Cahiers de recherche

Financial Restructuring and Resolution of Banks

Cahier de Recherche du Groupe HEC , 2018

Drugs, Showrooms and Financial Products: Competition and Regulation When Sellers Provide Expert Advice

Cahier de Recherche du Groupe HEC , 2017

The Paradox of Pledgeability

Cahier de Recherche du Groupe HEC , 2017

Cas pédagogiques

Bain Capital’s “Take Private” of China Fire

The case centers on the 2011 buyout of China Fire, a NASDAQ-listed Chinese fire protection firm. The MBO, backed by private equity firm Bain Capital, comes amid a wave of "take China privates" aimed at exploiting valuations depressed by fraud scandals at some U.S.-listed Chinese firms. In response to the $9 cash bid, China Fire's board has formed a Special Committee to negotiate terms. As the committee's financial advisor, Barclays Capital must conduct financial due diligence, including the valuing of China Fire with various methods. , 2016 , Company valuation, buyout, reverse merger, China (http://www.ccmp.fr/collection-hec-paris/cas-bain-capitals-take-private-of-china-fire)

Prada’s Hong Kong IPO

In March 2011, Prada is preparing an IPO, set for June in Hong Kong. A team at one of its underwriters, Crédit Agricole’s CLSA unit, is setting a preliminary price range, structuring the offering and preparing the IPO process. , 2016 , Prada, Initial public offering, IPO, Hong Kong, China (https://www.ccmp.fr/collection-hec-paris/cas-pradas-hong-kong-ipo)

Articles scientifiques

Financing Capacity with Stealing and Shirking

Management Science, À paraître, (in coll. with Francis DE VÉRICOURT)

The Paradox of Pledgeability

Journal of Financial Economics, À paraître, (in coll. with R. DONALDSON, G. PIACENTINO)

Financing Capacity Investment Under Demand Uncertainty: An Optimal Contracting Approach

Manufacturing & Service Operations Management, hiver 2018, vol. 20, n° 1, pp 85-96, (in coll. with F. DE VERICOURT)

The Dynamics of Financially Constrained Arbitrage

Journal of Finance (The), septembre 2018, vol. 73, n° 4, pp 1713-1750, (in coll. with D. VAYANOS)

Cahiers de recherche

Financial Restructuring and Resolution of Banks

Cahier de Recherche du Groupe HEC , 2018

Drugs, Showrooms and Financial Products: Competition and Regulation When Sellers Provide Expert Advice

Cahier de Recherche du Groupe HEC , 2017

The Paradox of Pledgeability

Cahier de Recherche du Groupe HEC , 2017

Cas pédagogiques

Bain Capital’s “Take Private” of China Fire

The case centers on the 2011 buyout of China Fire, a NASDAQ-listed Chinese fire protection firm. The MBO, backed by private equity firm Bain Capital, comes amid a wave of "take China privates" aimed at exploiting valuations depressed by fraud scandals at some U.S.-listed Chinese firms. In response to the $9 cash bid, China Fire's board has formed a Special Committee to negotiate terms. As the committee's financial advisor, Barclays Capital must conduct financial due diligence, including the valuing of China Fire with various methods. , 2016 , Company valuation, buyout, reverse merger, China (http://www.ccmp.fr/collection-hec-paris/cas-bain-capitals-take-private-of-china-fire)

Prada’s Hong Kong IPO

In March 2011, Prada is preparing an IPO, set for June in Hong Kong. A team at one of its underwriters, Crédit Agricole’s CLSA unit, is setting a preliminary price range, structuring the offering and preparing the IPO process. , 2016 , Prada, Initial public offering, IPO, Hong Kong, China (https://www.ccmp.fr/collection-hec-paris/cas-pradas-hong-kong-ipo)

Formation

  • Ph.D., en Economie, Ecole Polytechnique - France
  • Master in Mathematical Economics, Ecole Polytechnique - France
  • Diplôme Ingénieur, Ecole Polytechnique - France

Nominations académiques

Responsabilités académiques à HEC

  • 2015- Membre du GREGHEC (CNRS) HEC Paris
  • 2015- Professeur, Finance HEC Paris

Responsabilités académiques externes

  • 2008-2015 Professeur, Finance INSEAD
  • 2008-2009 Professeur, Finance London Business School
  • 2007-2008 Professeur visitant, Finance London School of Economics & Political Science
  • 2001-2008 Professeur associé, Finance London Business School
  • 1999-2001 Professeur associé, Finance MIT, Massachusetts Institute of Technology, Sloan School of Management
  • 1995-1999 Professeur assistant, Finance MIT, Massachusetts Institute of Technology, Sloan School of Management

Activités scientifiques

Activités scientifiques

  • avril 2016- Editeur Associé, Rand Journal of Economics

  • Prix ​​& honneurs

    Adhésion à l'organisation académique ou professionnelle

    • 2018 Prix Vernimen
    • 2018 Prix AFFI-CCMP 2018 du meilleur cas pédagogique en Finance pour "Prada’s Hong Kong IPO" en collaboration avec Alberta Di Giuli
    • 2018 2018 Case Center Awards & Competitions with "Prada's Hong Kong IPO", in collaboration with A. Di Giuli, in the category of finance, accounting and control
    • 2008 Fondation Banque de France Grant
    • 2007 ESRC Grant
    • 1994 The Review of Economic Tour