David Le Bris

Toulouse Business School

20, bd Lascrosses

Toulouse, 31068

France

SCHOLARLY PAPERS

32

DOWNLOADS
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SSRN RANKINGS

Top 15,038

in Total Papers Downloads

7,044

TOTAL CITATIONS
Rank 22,322

SSRN RANKINGS

Top 22,322

in Total Papers Citations

39

Scholarly Papers (32)

1.

Family Characteristics, Productivity and Economic Development

Number of pages: 47 Posted: 18 Oct 2014 Last Revised: 23 Dec 2023
David Le Bris
Toulouse Business School
Downloads 994 (50,230)
Citation 2

Abstract:

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Economic development, Family model, Cultural economics, Reversal of fortune

2.

Wars, Inflation and Stock Market Returns in France, 1870-1945

Financial History Review, 19.3, 2012, pp. 337-361
Number of pages: 33 Posted: 08 Jan 2009 Last Revised: 12 Dec 2012
David Le Bris
Toulouse Business School
Downloads 827 (64,751)
Citation 10

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Paris Stock exchange, war, rare event, inflation, stock return, long term performances, 19th century, 20th century

3.
Downloads 627 (92,644)

What Is a Market Crash?

Economic History Review, Forthcoming
Number of pages: 29 Posted: 15 Jan 2009 Last Revised: 24 Mar 2017
David Le Bris
Toulouse Business School
Downloads 457 (135,606)

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Market crash, Risk, stock crashes, volatility, rare events, 19th century, 20th century

What is a Market Crash?

Paris December 2010 Finance Meeting EUROFIDAI - AFFI
Number of pages: 30 Posted: 21 Oct 2010 Last Revised: 12 Nov 2010
David Le Bris
Toulouse Business School
Downloads 170 (379,633)

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Market Crashes, Volatility, Rare Events, 19th Century, 20th Century

Testing Asset Pricing Theory on Six Hundred Years of Stock Returns: Prices and Dividends for the Bazacle Company from 1372 to 1946

Journal of Financial Economics (JFE), Forthcoming, Paris December 2014 Finance Meeting EUROFIDAI - AFFI Paper
Number of pages: 52 Posted: 29 May 2014 Last Revised: 14 Nov 2018
Toulouse Business School, Yale School of Management - International Center for Finance and Toulouse School of Economics
Downloads 488 (125,163)
Citation 2

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asset pricing, history of finance, consumption risk

Testing Asset Pricing Theory on Six Hundred Years of Stock Returns: Prices and Dividends for the Bazacle Company from 1372 to 1946

NBER Working Paper No. w20199
Number of pages: 49 Posted: 11 Jun 2014 Last Revised: 12 Mar 2023
Toulouse Business School, Yale School of Management - International Center for Finance and Toulouse School of Economics
Downloads 47 (893,269)

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5.

A Challenge to Triumphant Optimists? A Blue Chips Index for the Paris Stock-Exchange (1854-2007)

Financial History Review, Vol. 17, No..2, p. 141-183, 2010
Number of pages: 43 Posted: 08 Jan 2009 Last Revised: 14 Sep 2010
David Le Bris and Pierre-Cyrille Hautcoeur
Toulouse Business School and Paris School of Economics
Downloads 464 (134,798)
Citation 11

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Paris Stock exchange, stock index, survivor bias, sample bias, weighting problems, stock return, long term performances, equity premium, 19th century, 20th century

The Development of Corporate Governance in Toulouse 1372-1946

Number of pages: 61 Posted: 16 Jul 2015 Last Revised: 03 Mar 2016
Toulouse Business School, Yale School of Management - International Center for Finance and Toulouse School of Economics
Downloads 417 (151,101)

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Corporate Governance, Economic History

The Development of Corporate Governance in Toulouse: 1372-1946

NBER Working Paper No. w21335
Number of pages: 59 Posted: 13 Jul 2015 Last Revised: 19 Apr 2023
Toulouse Business School, Yale School of Management - International Center for Finance and Toulouse School of Economics
Downloads 39 (969,357)

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7.

Testing Legal Origins Theory within France: Customary Laws versus Roman Code

Journal of Comparative Economics, Forthcoming
Number of pages: 43 Posted: 25 Nov 2013 Last Revised: 14 Nov 2018
David Le Bris
Toulouse Business School
Downloads 335 (194,730)
Citation 2

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Law and Finance, Legal origins, Financial development, France

The Stock-Bond Comovements in the Paris Bourse: Historical Evidence

Paris December 2011 Finance Meeting EUROFIDAI - AFFI
Number of pages: 17 Posted: 12 Oct 2011
Amir Rezaee and David Le Bris
ISG BUSINESS SCHOOL and Toulouse Business School
Downloads 181 (358,651)
Citation 1

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Stock-Bond Return Correlation, DCC GARCH Model, Cointegration, Causality

Stock-Bond Comovements During Non-Inflationary Period: Natural Experience from the Paris Bourse

Number of pages: 24 Posted: 05 Oct 2011 Last Revised: 01 Oct 2012
Amir Rezaee and David Le Bris
EDHEC Business School and Toulouse Business School
Downloads 105 (563,014)

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Stock-Bond Return Correlation, DCC GARCH Model, Cointegration, Causality, Paris Bourse

9.

Stock Returns and Government, France 1871-2008

Number of pages: 29 Posted: 07 May 2011 Last Revised: 08 Nov 2015
David Le Bris
Toulouse Business School
Downloads 230 (287,242)

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Political puzzle, political impact, information uncertainty, stock returns, 19th century, 20th century

10.

Our Current 'Secular Stagnation' as Expected by Jean Fourastié, 1949

History of Political Economy (Forthcoming)
Number of pages: 26 Posted: 22 Jul 2016 Last Revised: 13 Sep 2019
Alain Alcouffe and David Le Bris
University of Toulouse-Capitole and Toulouse Business School
Downloads 198 (331,067)
Citation 1

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Secular stagnation, Productivity gains, Economic growth, Technological progress, Fourastié

11.

The Great Divergence: French Equity Premium is Lower and Riskier than the US Since WWI

Bankers, Markets& Investors, 118, 2012, p. 9-17
Number of pages: 20 Posted: 29 Dec 2008 Last Revised: 28 Sep 2012
Sandrine Tobelem and David Le Bris
London School of Economics & Political Science (LSE) and Toulouse Business School
Downloads 176 (370,421)

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12.

Testing the Tax-Loss Selling Explanation of the January Effect: Evidence from a 'Confiscatory' Tax Implemented in France in 1921

Paris December 2017 Finance Meeting EUROFIDAI - AFFI
Number of pages: 26 Posted: 07 Jun 2017
David Le Bris and Sandrine Tobelem
Toulouse Business School and London School of Economics & Political Science (LSE)
Downloads 167 (388,042)

Abstract:

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Market efficiency, Calendar anomalies, historical finance

13.

The French Paradox: A Financial Crisis During the Golden Age of the 1960s

Business History, 56.3, 2014, pp. 391-413
Number of pages: 29 Posted: 24 Nov 2013 Last Revised: 24 May 2014
Bertrand Blancheton, Hubert Bonin and David Le Bris
University of Bordeaux - Montesquieu University - Bordeaux IV, Institut d'Etudes Politiques de Bordeaux and Toulouse Business School
Downloads 150 (422,853)
Citation 2

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Stock market, 1960s, France, stock market crisis, growth, financial structure, stock return and economic growth.

14.

The European Marriage Pattern and its Positive Consequences Montesquieu-Volvestre, 1660-1789

Number of pages: 49 Posted: 19 Mar 2018 Last Revised: 15 Jan 2021
David Le Bris and Ronan Tallec
Toulouse Business School and Universite de Toulouse 1 Capitole
Downloads 124 (492,673)

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European Marriage Pattern, Economic Development, Family System, Population, Gender Gap, Fertility

15.

Is the Portfolio Effect Ending? Idiosyncratic and Market Risk Over the Long Run

Number of pages: 30 Posted: 13 Dec 2010 Last Revised: 12 Dec 2012
David Le Bris
Toulouse Business School
Downloads 122 (498,841)

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volatility, diversification, idiosyncratic risk, correlation, 19th century, 20th century

16.

Limited Government: A Reappraisal of the French and English Old Regimes through Parliamentary Activities

Number of pages: 45 Posted: 17 Dec 2019 Last Revised: 30 Jan 2024
David Le Bris and Ronan Tallec
Toulouse Business School and Universite de Toulouse 1 Capitole
Downloads 119 (508,395)

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Parliament, limited government, constraint on the executive, taxation, economic take-off, Old Regime, property rights

17.

Les 'Bulles' sur les Actions Françaises, 1719-2009 (Bubbles on the French Stock Market, 1719-2009)

Entreprises et Histoire, 67, 2012, pp. 10-23
Number of pages: 19 Posted: 27 Oct 2012
David Le Bris
Toulouse Business School
Downloads 117 (515,035)

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stock market bubbles, dividend yield, interest rate, Austrian theory, bulle, taux de dividende, théorie autrichienne

18.

Why did French Savers buy Foreign Assets before 1914? A Decomposition of the Benefits from Diversification

Louvain Economic Review, 79.3, 2013, pp. 71-89.
Number of pages: 25 Posted: 22 Mar 2009 Last Revised: 24 May 2014
David Le Bris
Toulouse Business School
Downloads 115 (521,871)
Citation 1

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Paris Stock exchange, correlation, portfolio management, Russia, 19th century, 20th century

19.

The Damage Inflicted by French Rent Controls Between 1914 and 1948

Metropolitics Blog, February 26, 2019
Number of pages: 9 Posted: 29 Mar 2019
Robert C. Ellickson and David Le Bris
Yale Law School and Toulouse Business School
Downloads 112 (532,317)
Citation 1

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Rent Controls, Housing, France, French Housing

20.

Distance to Innovations, Kinship Intensity, and Psychological Traits

Plos One, Forthcoming
Number of pages: 32 Posted: 18 Oct 2021 Last Revised: 17 Jan 2023
David Le Bris and Victor Gay
Toulouse Business School and Toulouse School of Economics
Downloads 103 (566,444)
Citation 1

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WEIRD, kinship, psychology, Church, family models

Convergent Evolution Toward the Joint-Stock Company

Number of pages: 36 Posted: 12 Sep 2019 Last Revised: 11 Mar 2025
Toulouse Business School, Toulouse School of Economics and Yale School of Management - International Center for Finance
Downloads 84 (653,683)

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Joint-Stock Company, Business Organizations, Medieval Institutions, Little Divergence

Convergent Evolution Toward the Joint-Stock Company

NBER Working Paper No. w31821
Number of pages: 47 Posted: 06 Nov 2023 Last Revised: 24 Nov 2023
Toulouse Business School, Yale School of Management - International Center for Finance and Toulouse School of Economics
Downloads 17 (1,249,872)
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22.

Les Krachs Boursiers En France Depuis 1854 (The Stock Market Crashes in France Since 1854)

Revue Economique, 61.3, 2010, p. 421-430
Number of pages: 10 Posted: 29 Sep 2012
David Le Bris
Toulouse Business School
Downloads 100 (582,459)
Citation 2

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The Farmer, the Blue-Collar, and the Monk: Understanding Economic Development Through Saturations of Demands and Non-Homothetic Productivity Gains

CESifo Working Paper Series No. 6970
Number of pages: 27 Posted: 30 May 2018
Elie Gray, Andre Grimaud and David Le Bris
Université de Toulouse - Toulouse Business School, GREMAQ, IDEI and LEERNA - University of Toulouse 1 and Toulouse Business School
Downloads 49 (875,954)
Citation 1

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growth mode, structural change, unified growth, economic development, saturation of demands

The Farmer, the Blue-Collar, and the Monk: Understanding Economic Development Through Saturations of Demands and Non-Homothetic Productivity Gains

Number of pages: 25 Posted: 19 Mar 2018
Elie Gray, Andre Grimaud and David Le Bris
Université de Toulouse - Toulouse Business School, GREMAQ, IDEI and LEERNA - University of Toulouse 1 and Toulouse Business School
Downloads 46 (902,301)

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Growth Model, Structural Change, Unified Growth, Economic Development, Saturation of Demands

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Gouvernance, Banque, Histoire, Theorie de L'Agence, Immobilier

25.

La Volatilité Des Actions Françaises Sur Le Long Terme (The Stock Market Volatility in France for the Long Run)

Revue Economique, 63.3, 2012, pp. 569-580
Number of pages: 10 Posted: 29 Sep 2012
David Le Bris
Toulouse Business School
Downloads 82 (654,668)

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26.

Buyback option pricing in Old Regime France

Number of pages: 66 Posted: 14 May 2024
Toulouse Business School, Kedge - Bordeaux Business School, Toulouse Business School - TBS Education and Université Paris Cité
Downloads 80 (664,055)

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Option pricing, old regime, financial literacy

27.

US Crashes of 2008 and 1929: How Did the French Market React? An Empirical Study

Number of pages: 23 Posted: 28 Aug 2015
Raphaël Hekimian and David Le Bris
Université Paris Ouest - Nanterre, La Défense - EconomiX and Toulouse Business School
Downloads 57 (796,801)
Citation 1

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Financial history, Financial crisis, Stock market, Contagion, Crash

28.

The 1929 Stock Market… so Quiet in Paris

Number of pages: 8 Posted: 07 Mar 2022
David Le Bris and Raphaël Hekimian
Toulouse Business School and affiliation not provided to SSRN
Downloads 56 (803,941)

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1929, crashes, stock market, contagion

29.

Did French Stock Markets Support Firms of the Second Industrial Revolution?

Bonhoure, Emilie, and David Le Bris, “Did French Stock Markets Support Firms of the Second Industrial Revolution?”, Business History 2019, 63(6), 914-943, DOI: 10.1080/00076791.2019.1657409
Number of pages: 44 Posted: 24 Jan 2023
Emilie Bonhoure and David Le Bris
Kedge Business School Bordeaux and Toulouse Business School
Downloads 42 (917,413)

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financial markets, economic development, industrialisation, France, historical finance, Second Industrial Revolution, information asymmetry, innovation financing

30.

Ethnic Fractionalization Is Associated with Higher Fertility Rates

Number of pages: 15 Posted: 22 Dec 2022
David Le Bris
Toulouse Business School
Downloads 38 (955,640)

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fertility, ethnic fractionalization, demographic transition

31.

Georges d'Avenel. An Economic Historian ahead of his Time

European Journal of the History of Economic Thought
Number of pages: 38 Posted: 21 Jul 2023
David Le Bris and Alain Alcouffe
Toulouse Business School and University of Toulouse-Capitole
Downloads 31 (1,028,255)
Citation 1

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cliometrics, price history, top 1%, inequalities, mentalities

32.

Creative Contracting for Corporate Recapitalization in 17th Century Toulouse

Number of pages: 32 Posted: 07 May 2025
Toulouse Business School, Yale School of Management - International Center for Finance and University of Toulouse Capitole - Toulouse School of Economics
Downloads 21 (1,171,835)

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Joint-stock company, special shares, early stocks, agency problems N23, G30, O43, K22, N01