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Denis Gromb Professor of Finance INSEAD Boulevard de Constance Fontainebleau 77305 FRANCE Email : denis.gromb@insead.edu |
ACADEMIC LINKS
o
IODS (INSEAD OEE Data Services): First
European portal for economic and financial data for researchers.
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
(2010).
o
“Limits of Arbitrage: The State of the
Theory” with D. Vayanos, Annual Review of Financial Economics (2010).
o
“Imperfect
Competition in the Interbank Market for Liquidity as a Rationale for Central
Banking” with V. Acharya and T. Yorulmazer, American Economic Journal: Macroeconomics
(2012)
o
“Legal Investor Protection and Takeovers” + On-line appendix with M. Burkart,
H. Mueller and F. Panunzi, Journal of Finance, forthcoming.
BOOK
CHAPTERS
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“Arbitrage and Its
Limits” with D. Vayanos, The Palgrave
Encyclopedia of Strategic Management, forthcoming.
WORKING
PAPERS
o
“Is One Share - One Vote Optimal?”
o
“Renegotiation in Debt
Contracts”
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“Innovation and Dynamic Entry Deterrence” with D. Sevy
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“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
“Liquidity
Dry-ups: A Framework and Policy Implications” with D. Vayanos.
o
“The Dynamics of
Financially Constrained Arbitrage,” with D. Vayanos.
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.
- “On
Pricing Anomalies and the Limits of Arbitrage” with D. Vayanos, INSEAD
Knowledge, online INSEAD research digest.
- “Research in Economics, Finance and
Accounting at INSEAD”, a short description of research life at INSEAD.
- “La Recherche en Economie et Finance à
l’INSEAD”, approximately the same in French.
CASE
STUDIES
o
“Infineon:
Time to Cash-in Your Chips?” with J. Peress.
TEACHING @
INSEAD
o
MBA: Financial
Markets and Valuation, Applied Corporate Finance, Value Creation in Corporate
Restructurings.
o Executive Education: ABN AMRO – INSEAD
Private Banking Certification Programme
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 (Toulouse
School of Economics), Jan Mahrt-Smith (Toronto), Robert Marquez
(Boston University), Oguzhan Ozbas (USC), Rong Leng, Jason Sturgess
(Georgetown), Oguzhan Karakas (Boston
College), Claudia Custodio (Arizona State University), Moqi Xu (LSE), Alminas Zaldokas (HKUST).
o
Friends’
sites you might enjoy:
· Mashid Mohadjerin:
Photography.
· Safia Ouares: Video, graphic
design, illustrations.
· Little Ballroom: Cool band.
Visits
since December 8th 2006: