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Articles scientifiques

Minority Blocks and Takeover Premia

Journal of Institutional and Theoretical Economics, mars 2006, vol. 162, n° 1, pp 39-42, (in coll. with M. BURKART, F. PANUNZI)

Public Trading and Private Incentives

Review of Financial Studies, 4 avril 2004, vol. 17, n° 4, pp 985-1014, (in coll. with A. FAURE-GRIMAUD)

Equilibrium and welfare in markets with financially constrained arbitrageurs

Journal of Financial Economics, novembre-décembre 2002, vol. 66, n° 2-3, pp 361-407, (in coll. with D. VAYANOS)

Agency conflicts in public and negotiated transfers of corporate control

Journal of Finance (The), avril 2000, vol. 55, n° 2, pp 647-677, (in coll. with M. BURKART, F. PANUNZI)

On the strength of corporate cultures

European Economic Review, avril 1999, vol. 43, n° 4-6, pp 1021-1037, (in coll. with J. CARRILLO)

Why Higher Takeover Premia Protect Minority Shareholders

Journal of Political Economy, février 1998, vol. 106, n° 1, pp 172-204, (in coll. with M. BURKART, F. PANUNZI)

Large Shareholders, Monitoring and the Value of the Firm

Quarterly Journal of Economics, 1997, vol. 112, n° 3, pp 693-728, (in coll. with M. BURKART, F. PANUNZI)

Selection in Dynamic Entry Games

Games and Economic Behavior, 1997, vol. 21, pp 62-84, (in coll. with J. P. PONSSARD, D. SEVY)

Articles scientifiques

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)


  • 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