Research

Published papers

Fund Managers Under Pressure: Rationale and Determinants of Secondary Buyouts, with Sridhar Arcot, Zsuzsanna Fluck, and Ulrich Hege, Journal of Financial Economics 115 (2015), 102-135.

Winner of the Syntec Conseil en Management 2015 award for Best Academic Paper in Finance/Strategy

Payout Policy Choices and Shareholder Investment Horizons, with Massimo Massa, Pedro Matos, Rajdeep Patgiri, and Zahid Rehman, Review of Finance 17 (2012), 261-320.

The Performance of French LBOs: New data and new results, Revue Finance 33 (2012), 7-60. 

The Role of Commonality between CEO and Divisional Managers in Internal Capital Markets, with Massimo Massa, Journal of Financial and Quantitative Analysis 46 (2011), 841–869.

Shareholder investment horizons: Causes, consequences and implications for managerial practice (invited article, in French), Revue Française de Gestion 198-199 (2009), 77-93.  

Local ownership as private information: evidence on the liquidity-monitoring trade-off, with Massimo Massa, Journal of Financial Economics 83 (2007), 751-792.

Favoritism in mutual funds families? evidence on strategic cross-fund subsidization, with Massimo Massa and Pedro Matos, Journal of Finance 61 (2006), 73-104.

Idiosyncratic volatility and product market competition, with Massimo Massa, Journal of Business 79 (2006), 3125-3152.

Shareholder investment horizons and the market for corporate control, with Massimo Massa and Pedro Matos, Journal of Financial Economics 76 (2005), 135-165.

Working papers

Horizontal Directors and Investment Efficiency, with Sumingyue Wang and Liang Xu.

Digitalization and the Performance of Non-Technological Firms, with Sumingyue Wang and Liang Xu.

Why do Firms Bundle Earnings and Acquisitions Announcements, with Laurence Daures-Lescourret and Sumingyue Wang

Short Sales Manipulation and Product Market Relationships,  with Sumingyue Wang.

Liquidity Externalities and Buyout Delisting Activity, with Laurence Daures-Lescourret