Denis Gromb

 

Professor of Finance

INSEAD

Boulevard de Constance

Fontainebleau 77305

FRANCE

 

Email : denis.gromb@insead.edu

Web : http://www.denisgromb.com/

 

 

 

 

ACADEMIC LINKS

 

o       Download my CV 

o       INSEAD’s Finance Seminar

 

 

PUBLICATIONS

 

o       “Large Shareholders, Monitoring and the Value of the Firm” with M. Burkart and F. Panunzi, Quarterly Journal of Economics (1997)

o       “Selection in Dynamic Entry Games” with JP. Ponssard and D. Sevy, Games and Economic Behavior (1997)

o       “Why Higher Takeover Premia Protect Minority Shareholders” with M. Burkart and F. Panunzi, Journal of Political Economy (1998)

o       “On the Strength of Corporate Cultures” with J. Carrillo, European Economic Review (1999)

o       “Agency Conflicts in Public and Negotiated Transfers of Corporate Control” with M. Burkart and F. Panunzi, Journal of Finance (2000)

o       “Equilibrium and Welfare in Markets with Constrained Arbitrageurs” with D. Vayanos, Journal of Financial Economics (2002)

o       “Public Trading and Private Incentives” with A. Faure-Grimaud, Review of Financial Studies (2004)

o       “Minority Blocks and Takeover Premia with M. Burkart and F. Panunzi, Journal of Institutional and Theoretical Economics (2006)

o       “Culture in Organizations: Inertia and Uniformity” with J. Carrillo, Journal of Law, Economics and Organizations (2006)

o       “Collusion and the Organization of Delegated Expertise” with D. Martimort, Journal of Economic Theory (2007)

o       “A Model of Financial Market Liquidity Based on Intermediary Capital” with D. Vayanos, Journal of the European Economic Association, forthcoming.

o       “Limits of Arbitrage: The State of the Theory” with D. Vayanos, the Annual Review of Financial Economics, forthcoming.

 

 

SHORT PAPERS, COLUMNS, PRESS CITATIONS

 

o       “The ‘Limits to Arbitrage’ Agenda” with D. Vayanos, VOX, April 10, 2010. VOX is CEPR’s policy portal.

o       Les limites de l’arbitrage : un nouveau paradigme en Finance with D. Vayanos, forthcoming in La Jaune et la Rouge, special issue on the implications of the crisis for Economics. J&R is the magazine of Ecole Polytechnique alumni.

o       “Back to School”, Wall Street Journal June 2010 article on how finance theories must account for the crisis.

 

 

WORKING PAPERS

 

o       “Is One Share - One Vote Optimal?”  

o       “Renegotiation in Debt Contracts”

o       “Innovation and Dynamic Entry Deterrence” with D. Sevy

o       “Debt Design, Liquidation Value and Monitoring” with M. Burkart and F. Panunzi

o       “Entrepreneurship in Equilibrium” with D. Scharfstein

o        “The Dynamics of Delegated Expertise” with D. Martimort

o       “Financially Constrained Arbitrage and Cross-market Contagion” with D. Vayanos.

o       “Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking” with V. Acharya and T. Yorulmazer.

o       “Liquidity Dry-ups: A Framework and Policy Implications” with D. Vayanos.

o       “Financial Constraints, Legal Shareholder Protection, and the Market for Corporate Control” with M. Burkart and F. Panunzi.

 

TEACHING @ INSEAD

 

o       MBA: Financial Markets and Valuation, Applied Corporate Finance, Value Creation in Corporate Restructurings.

o       PhD: Corporate Finance Theory.

 

LINKS

 

o       My former PhD students: Jeffrey Bevelander, Chris Couch (where are you?), Adolfo DeMotta (McGill), Martin Gonzalez Eiras, Jennifer Huang (Texas Austin), Li Jin (HBS), Arvind Krishnamurthy (Northwestern), Augustin Landier (NYU), Jan Mahrt-Smith (Toronto), Robert Marquez (Boston University), Oguzhan Ozbas (USC), Rong Leng, Jason Sturgess (Georgetown), Oguzhan Karakas, Claudia Custodio.

 

o       Friends’ sites you might enjoy:

·        Mashid Mohadjerin: Photography.

·        Safia Ouares: Video, graphic design, illustrations.

·        Little Ballroom: Cool band.

 

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Page updated: April 2010