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Christophe SPAENJERS

Professeur Associé, mis en disponibilité

Finance

spaenjers@hec.fr http://christophespaenjers.com
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Biographie

Christophe Spaenjers est Professeur Associé de finance à HEC Paris. Il a obtenu son doctorat à l'Université de Tilburg. Au cours de son doctorat, il a également  étudié à la London Business School, la Columbia Business School et l'International Center for Finance de l'Université Yale.

Ses recherches portent sur les investissements, le comportement des investisseurs, les finances des ménages, les finances d'entreprise et l'histoire de la finance.

Il a publié dans des revues telles que American Economic Review, Review of Financial Studies, Journal of Financial Economics, et Management Science. Christophe Spaenjers enseigne dans les programmes de MBA.

Articles scientifiques

Biased Auctioneers

Journal of Finance (The), À paraître, (in coll. with M. AUBRY, R. KRÄUSSL, G. MANSO)

The Rate of Return on Real Estate: Long-Run Micro-Level Evidence

Review of Financial Studies, août 2021, vol. 34, n° 8, pp 3572-3607, (in coll. with D. CHAMBERS, E. STEINER)

“We’ll Always Have Paris”: Out-of-Country Buyers in the Housing Market

Management Science, juillet 2021, vol. 67, n° 7, pp 4120-4138, (in coll. with D. CVIJANOVIC)

Real and Private-Value Assets

Review of Financial Studies, août 2021, vol. 34, n° 8, pp 3497-3526, (in coll. with W. GOETZMANN, S. VAN NIEUWERBURGH)

Art as an asset: Evidence from Keynes the collector

Review of Asset Pricing Studies, octobre 2020, vol. 10, n° 3, pp 490–520, (in coll. with D. CHAMBERS, E. DIMSON)

A Model of Trading in the Art Market

American Economic Review, mars 2018, vol. 108, n° 3, pp 744-774, (in coll. with S. LOVO)

No-trade in second-price auctions with entry costs and secret reserve prices

Economics Letters, juillet 2017, vol. 156, pp 142-144, (in coll. with S. LOVO)

Organizational and Epistemic Change: The Growth of the Art Investment Field

Accounting, Organizations and Society, novembre 2016, vol. 55, pp 48 - 62, (in coll. with E. COSLOR)

The price of wine

Journal of Financial Economics, novembre 2015, vol. 118, n° 2, pp 431-449, (in coll. with E. DIMSON, P. ROUSSEAU)

Subjective life horizon and portfolio choice

Journal of Economic Behavior and Organization, août 2015, vol. 116, pp 94-106, (in coll. with S. M. SPIRA)

Chapitres d'ouvrages

Investment Returns and Economic Fundamentals in International Art Markets

Cosmopolitan Canvases: The Globalization Of Markets For Contemporary Art, O. Velthuis, S. Baia-Curioni (eds.), Oxford University Press, 129-146

The investment performance of art and other collectibles

Risk And Uncertainty In The Art World, A. Dempster (Ed.), Bloomsbury Publishing

Religion and finance

Socially Responsible Finance And Investing, H. Kent Baker, J. Nofsinger (Eds), John Wiley & Sons US

Cahiers de recherche

Real and Private-Value Assets

Cahier de Recherche du Groupe HEC , 2021

Do Private Equity Investors Create Value? Evidence from the Hotel Industry

Cahier de Recherche du Groupe HEC , 2020

Machines and Masterpieces: Predicting Prices in the Art Auction Market

Cahier de Recherche du Groupe HEC , 2019

The Rate of Return on Real Estate: Long-Run Micro-Level Evidence

Cahier de Recherche du Groupe HEC , 2019

'We'll Always Have Paris': Out-of-Country Buyers in the Housing Market

Cahier de Recherche du Groupe HEC , 2018

A Model of Trading and Price Indexes in the Art Market

Cahier de Recherche du Groupe HEC , 2016

Auctions with Participation Costs and Secret Reserve Prices

Cahier de Recherche du Groupe HEC , 2016

The Long-Term Returns to Durable Assets

Cahier de Recherche du Groupe HEC , 2016

Real Estate as a Luxury Good: Non-Resident Demand and Property Prices in Paris

Cahier de Recherche du Groupe HEC , 2015

A Model of Trading in Unique Durable Assets

Cahier de Recherche du Groupe HEC , 2014

Articles scientifiques

“We’ll Always Have Paris”: Out-of-Country Buyers in the Housing Market

Management Science, juillet 2021, vol. 67, n° 7, pp 4120-4138, (in coll. with D. CVIJANOVIC)

Real and Private-Value Assets

Review of Financial Studies, août 2021, vol. 34, n° 8, pp 3497-3526, (in coll. with W. GOETZMANN, S. VAN NIEUWERBURGH)

The Rate of Return on Real Estate: Long-Run Micro-Level Evidence

Review of Financial Studies, août 2021, vol. 34, n° 8, pp 3572-3607, (in coll. with D. CHAMBERS, E. STEINER)

Art as an asset: Evidence from Keynes the collector

Review of Asset Pricing Studies, octobre 2020, vol. 10, n° 3, pp 490–520, (in coll. with D. CHAMBERS, E. DIMSON)

Chapitres d'ouvrages

Investment Returns and Economic Fundamentals in International Art Markets

Cosmopolitan Canvases: The Globalization Of Markets For Contemporary Art, O. Velthuis, S. Baia-Curioni (eds.), Oxford University Press, 129-146

The investment performance of art and other collectibles

Risk And Uncertainty In The Art World, A. Dempster (Ed.), Bloomsbury Publishing

Religion and finance

Socially Responsible Finance And Investing, H. Kent Baker, J. Nofsinger (Eds), John Wiley & Sons US

Cahiers de recherche

Real and Private-Value Assets

Cahier de Recherche du Groupe HEC , 2021

Do Private Equity Investors Create Value? Evidence from the Hotel Industry

Cahier de Recherche du Groupe HEC , 2020

Machines and Masterpieces: Predicting Prices in the Art Auction Market

Cahier de Recherche du Groupe HEC , 2019

The Rate of Return on Real Estate: Long-Run Micro-Level Evidence

Cahier de Recherche du Groupe HEC , 2019

Formation

  • Ph.D. in Finance, Tilburg University - Pays-Bas
  • M.Phil. in Finance, Tilburg University - Pays-Bas
  • M.Sc. in Business Economics, Ghent University - Belgique

Nominations académiques

Responsabilités académiques à HEC

  • 2022- Professeur Associé, mis en disponibilité, Finance HEC Paris
  • 2021-2022 Coordinateur de département, Finance HEC Paris
  • 2016-2022 Professeur Associé, Finance HEC Paris
  • 2011-2016 Professeur Assistant, Finance HEC Paris
  • 2011- Membre du GREGHEC, le laboratoire de recherche CNRS-HEC Paris HEC Paris

Activités scientifiques

Activités scientifiques

  • Rapporteur, Economics Letters, European Financial Management, Financial History Review, International Journal of Finance and Economics, Journal of Cultural Economics, Journal of Economic Behavior & Organization, Journal of Socio-Eocnomics, Oxford Economic Papers, Quarterly Journal of Economics, Review of Finance

    • Conference organisation

  • 2014-2014 Co-organizer, Art, Mind and Markets - Yale School of Management
  • 2012-2014 Coordinator, Finance Brown Bag seminars, HEC Paris

    • Prix ​​& honneurs

    • 2015 Prix "jeune chercheur en économie" de la Fondation Banque de France 2015
    • 2013 American Association of Wine Economists Prize for the Best Conference Presentation