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Denis Gromb Professor of Finance INSEAD Boulevard de Constance Fontainebleau 77305 FRANCE Email : denis.gromb@insead.edu Web :
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ACADEMIC LINKS
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.
Visits
since December 8th 2006:
Page
updated: April 2010