Augustin Landier

SCHOLARLY PAPERS

39

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Top 1,084

in Total Papers Downloads

25,912

SSRN CITATIONS
Rank 312

SSRN RANKINGS

Top 312

in Total Papers Citations

447

CROSSREF CITATIONS

2,048

Scholarly Papers (39)

1.
Downloads 3,487 ( 3,138)
Citation 398

Why Has CEO Pay Increased so Much?

MIT Department of Economics Working Paper No. 06-13
Number of pages: 39 Posted: 16 May 2006
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and HEC
Downloads 2,679 (4,840)
Citation 9

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Executive compensation, wage distribution, pay performance sensitivity, extreme value, theory, superstars, calibratable corporate finance

Why Has CEO Pay Increased so Much?

MIT Department of Economics Working Paper No. 06-13
Number of pages: 30 Posted: 17 May 2006
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and HEC
Downloads 649 (42,778)
Citation 12

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Executive compensation, wage distribution, Pareto distribution, wage inequality, assignment, incentives, pay performance sensitivity, human capital

Why Has CEO Pay Increased so Much?

NYU Working Paper No. CLB-06-011
Number of pages: 47 Posted: 31 Oct 2008
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and HEC
Downloads 120 (253,243)
Citation 1

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Executive compensation, wage distribution, corporate governance, Roberts law, Zipf s law, scaling, extreme value theory, superstars, calibratable corporate finance

Why Has CEO Pay Increased so Much?

NBER Working Paper No. w12365
Number of pages: 48 Posted: 24 Jul 2006 Last Revised: 15 Sep 2006
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and HEC
Downloads 39 (472,170)
Citation 17

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2.

Do Hedge Funds Manipulate Stock Prices?

Journal of Finance, Forthcoming
Number of pages: 80 Posted: 17 Feb 2011 Last Revised: 16 Sep 2012
Ohio State University (OSU) - Department of Finance, USI Lugano, HEC and Villanova University - Department of Finance
Downloads 2,263 (6,545)
Citation 15

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Hedge fund, Manipulation, Stock, Reporting, Manager, Monthly returns, Competition, Inflation, Fraud, Performance reporting, Investors, Returns

3.
Downloads 2,136 ( 7,221)
Citation 27

Sticky Expectations and the Profitability Anomaly

Journal of Finance, Forthcoming
Number of pages: 45 Posted: 07 Mar 2016 Last Revised: 03 May 2018
Capital Fund Management, University of Geneva - Geneva Finance Research Institute (GFRI), HEC and MIT Sloan School of Management
Downloads 2,135 (7,087)
Citation 12

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Stock market anomalies, Sticky expectations

Sticky Expectations and the Profitability Anomaly

CEPR Discussion Paper No. DP12528
Number of pages: 46 Posted: 02 Jan 2018
Capital Fund Management, University of Geneva - Geneva Finance Research Institute (GFRI), HEC and MIT Sloan School of Management
Downloads 1 (735,614)
Citation 13
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profitability anomaly, Sticky expectations

4.

The WACC Fallacy: The Real Effects of Using a Unique Discount Rate

Journal of Finance, Forthcoming
Number of pages: 62 Posted: 21 Feb 2011 Last Revised: 18 Jul 2014
Philipp Krueger, Augustin Landier and David Thesmar
University of Geneva - Geneva Finance Research Institute (GFRI), HEC and MIT Sloan School of Management
Downloads 2,037 (7,828)
Citation 11

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capital budgeting, cost of capital, behavioral finance, investment

5.

Entrepreneurship and the Stigma of Failure

Number of pages: 37 Posted: 21 Nov 2005
Augustin Landier
HEC
Downloads 1,731 (10,284)
Citation 71

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entrepreneurship, innovation

6.
Downloads 1,458 ( 13,455)
Citation 10

Brokers and Order Flow Leakage: Evidence from Fire Sales

Forthcoming in Journal of Finance
Number of pages: 61 Posted: 23 Jun 2017 Last Revised: 15 Oct 2019
Università della Svizzera italiana (USI), Lugano, Harvard Business School, USI Lugano and HEC
Downloads 1,107 (20,112)
Citation 7

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Predatory Trading, Back Running, Fire Sales, Brokers

Brokers and Order Flow Leakage: Evidence from Fire Sales

Harvard Business School Finance Working Paper No. 18-046
Number of pages: 61 Posted: 29 Nov 2017
Università della Svizzera italiana (USI), Lugano, Harvard Business School, USI Lugano and HEC
Downloads 343 (94,188)
Citation 4

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Brokers and Order Flow Leakage: Evidence from Fire Sales

NBER Working Paper No. w24089
Number of pages: 60 Posted: 06 Dec 2017
Università della Svizzera italiana (USI), Lugano, Harvard Business School, USI Lugano and HEC
Downloads 8 (670,010)

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7.

The Excess Returns of 'Quality' Stocks: A Behavioral Anomaly

HEC Paris Research Paper No. FIN-2016-1134
Number of pages: 11 Posted: 18 Jan 2016 Last Revised: 27 Nov 2017
Capital Fund Management, Capital Fund Management, HEC, Capital Fund Management and MIT Sloan School of Management
Downloads 1,323 (15,652)
Citation 4

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Quality anomaly, financial analysts misplaced focus, behavioral biases

A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium

Review of Financial Studies, Vol. 22, No. 12, pp. 4881-4917, December 2009
Number of pages: 42 Posted: 19 Mar 2008 Last Revised: 07 Dec 2011
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and HEC
Downloads 1,217 (17,435)
Citation 21

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Executive compensation, multiplicative preferences, pay-performance sensitivity, incentives, perks, optimal contracting, calibration

A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium

The Review of Financial Studies, Vol. 22, Issue 12, pp. 4881-4917, 2009
Posted: 24 Nov 2009
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and HEC

Abstract:

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D2, D3, G34, J3

9.

The Capacity of Trading Strategies

HEC Paris Research Paper No. FIN-2015-1089
Number of pages: 50 Posted: 27 Mar 2015 Last Revised: 05 Feb 2019
HEC Paris - Finance Department, HEC, Capital Fund Management and MIT Sloan School of Management
Downloads 1,009 (23,499)
Citation 7

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trading costs, asset pricing anomalies, asset management, arbitrage

10.

Banks' Exposure to Interest Rate Risk and the Transmission of Monetary Policy

Number of pages: 72 Posted: 19 Feb 2013 Last Revised: 24 Mar 2020
Columbia University, Graduate School of Arts and Sciences, Department of Economics, HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 969 (24,916)
Citation 4

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Interest rate risk, monetary policy, bank lending

11.
Downloads 918 ( 26,947)
Citation 2

Earnings Expectations in the COVID Crisis

Number of pages: 26 Posted: 09 Jun 2020
Augustin Landier and David Thesmar
HEC and MIT Sloan School of Management
Downloads 872 (28,503)

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Analyst Forecasts, Valuation, Discount rate

Earnings Expectations in the COVID Crisis

NBER Working Paper No. w27160
Number of pages: 28 Posted: 18 May 2020 Last Revised: 11 Jun 2020
Augustin Landier and David Thesmar
HEC and MIT Sloan School of Management
Downloads 46 (441,853)

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12.

Financial Contracting with Optimistic Entrepreneurs: Theory and Evidence

AFA 2004 San Diego Meetings
Number of pages: 60 Posted: 20 Dec 2003
Augustin Landier and David Thesmar
HEC and MIT Sloan School of Management
Downloads 812 (32,031)
Citation 94

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13.

Entrepreneurial Pressure and Innovation

AFA 2004 San Diego Meetings
Number of pages: 27 Posted: 22 Sep 2003
Manuel Amador and Augustin Landier
affiliation not provided to SSRN and HEC
Downloads 783 (33,649)
Citation 11

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Entrepreneurship, Innovation, Venture Capital, Endogenous Growth

14.

The Economics of Bank Restructuring: Understanding the Options

International Monetary Fund Staff Position Note No. SPN/09/12
Number of pages: 40 Posted: 05 Jun 2009
Augustin Landier and Kenichi Ueda
HEC and University of Tokyo - Faculty of Economics
Downloads 592 (48,955)
Citation 6

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Bank Restructuring, Recapitalization, Asset Sales, Cost of Financial Distress

The Perverse Effects of Partial Labor Market Reform: Fixed Duration Contracts in France

MIT Dept. of Economics Working Paper No. 01-14
Number of pages: 57 Posted: 08 Mar 2001
Olivier J. Blanchard and Augustin Landier
National Bureau of Economic Research (NBER) and HEC
Downloads 556 (52,382)
Citation 6

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Labor Market Reform, Temporary Employment, Unemployment, Turnover, Employment Protection

The Perverse Effects of Partial Labor Market Reform: Fixed Duration Contracts in France

NBER Working Paper No. w8219
Number of pages: 57 Posted: 08 Apr 2001
Olivier J. Blanchard and Augustin Landier
National Bureau of Economic Research (NBER) and HEC
Downloads 32 (506,577)

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16.
Downloads 556 ( 52,999)
Citation 97

Vulnerable Banks

Number of pages: 64 Posted: 20 Nov 2011 Last Revised: 13 Mar 2013
Robin M. Greenwood, Augustin Landier and David Thesmar
Harvard Business School - Finance Unit, HEC and MIT Sloan School of Management
Downloads 518 (57,349)
Citation 2

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systemic risk, deleveraging, liquidity

Vulnerable Banks

NBER Working Paper No. w18537
Number of pages: 46 Posted: 20 Nov 2012
Robin M. Greenwood, Augustin Landier and David Thesmar
Harvard Business School - Finance Unit, HEC and MIT Sloan School of Management
Downloads 38 (476,710)
Citation 24

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17.

The Risk-Shifting Hypothesis: Evidence from Subprime Originations.

AFA 2012 Chicago Meetings Paper
Number of pages: 48 Posted: 17 Mar 2011 Last Revised: 03 Jun 2015
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 491 (62,030)
Citation 4

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Risk Shifting, Subprime Mortgages, Monetary Tightening, Real Estate Risk

18.
Downloads 421 ( 74,809)
Citation 7

Banking Integration and House Price Comovement

HEC Paris Research Paper No. FIN-2013-1023
Number of pages: 57 Posted: 30 Oct 2013 Last Revised: 24 Nov 2017
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 421 (74,133)
Citation 7

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Banks; House price comovement; Financial Integration

Banking Integration and House Price Comovement

CEPR Discussion Paper No. DP9754
Number of pages: 54 Posted: 25 Nov 2013
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
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comovement, financial integration, house prices

Banking Integration and House Price Comovement

CEPR Discussion Paper No. DP10295
Posted: 23 Jan 2015
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
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banking deregulation, comovement, real estate

19.

Geographic Dispersion and Corporate Decision-Making

Number of pages: 49 Posted: 16 Nov 2005
Augustin Landier, Vinay B. Nair and Julie Wulf
HEC, University of Pennsylvania - Finance Department and Harvard Business School
Downloads 395 (80,578)
Citation 2

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Economic Geography, Dispersion, Employee Friendliness, Proximity, Social Interaction, Layoffs, Divestiture

20.
Downloads 392 ( 81,272)
Citation 13

Bottom-Up Corporate Governance

NYU Working Paper No. FIN-05-011
Number of pages: 37 Posted: 03 Nov 2008
Augustin Landier and David Thesmar
HEC and MIT Sloan School of Management
Downloads 270 (122,163)

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Bottom-Up Corporate Governance

NYU Working Paper No. CLB-06-007
Number of pages: 48 Posted: 31 Oct 2008
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 96 (296,567)

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Bottom-Up Corporate Governance

CEPR Discussion Paper No. 5500
Number of pages: 52 Posted: 23 May 2006
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 26 (541,514)
Citation 4
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Corporate governance, corporate performance, acquisition, executives

21.
Downloads 388 ( 82,253)
Citation 12

Biases in Expectations: Experimental Evidence

Number of pages: 41 Posted: 03 Oct 2017 Last Revised: 16 Feb 2020
Augustin Landier, Yueran Ma and David Thesmar
HEC, University of Chicago - Booth School of Business and MIT Sloan School of Management
Downloads 387 (81,787)
Citation 14

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Expectation formation

New Experimental Evidence on Expectations Formation

CEPR Discussion Paper No. DP12527
Number of pages: 62 Posted: 02 Jan 2018
Augustin Landier, Yueran Ma and David Thesmar
HEC, University of Chicago - Booth School of Business and MIT Sloan School of Management
Downloads 1 (735,614)
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22.

Do Investors Care About Corporate Externalities? Experimental Evidence

HEC Paris Research Paper No. FIN-2019-1350
Number of pages: 43 Posted: 02 Oct 2019 Last Revised: 09 Oct 2019
University of Toulouse 1 - Toulouse School of Economics Institute for Advanced Studies/Harvard Law School LWP, HEC, Federal Reserve Banks - Federal Reserve Bank of New York and MIT Sloan School of Management
Downloads 234 (142,013)
Citation 3

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Socially Responsible Investing, ESG, Sustainable Finance, Altruism

23.

ESG Investing: How to Optimize Impact?

HEC Paris Research Paper No. FIN-2020-1363
Number of pages: 43 Posted: 30 Jan 2020 Last Revised: 12 Feb 2020
Augustin Landier and Stefano Lovo
HEC and HEC Paris - Finance Department
Downloads 213 (155,394)
Citation 1

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Sustainable Finance, Socially Responsible Investing, Impact Investing, Green Finance, ESG

24.

Currencies and Stock Returns: An Example of Market Inattention

Number of pages: 14 Posted: 08 Mar 2019
Hector Chan, Ahcene Gareche, Augustin Landier and Yonglei Wang
AXA Investment Managers, AXA Investment Managers, HEC and AXA Investment Managers
Downloads 207 (159,684)
Citation 1

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Behavioral finance; Under-reaction; Informational efficiency; Inattention

Entrepreneurship and Information on Past Failures: A Natural Experiment

Number of pages: 62 Posted: 18 Jul 2017 Last Revised: 26 May 2020
Christophe Cahn, Mattia Girotti and Augustin Landier
Banque de France - Direction des Entreprises, Banque de France and HEC
Downloads 158 (203,120)

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Entrepreneurship, Access to credit, Bankruptcy

Entrepreneurship and Information on Past Failures: A Natural Experiment

Banque de France Working Paper No. 644
Number of pages: 52 Posted: 03 Oct 2017
Christophe Cahn, Mattia Girotti and Augustin Landier
Banque de France - Direction des Entreprises, Banque de France and HEC
Downloads 33 (501,335)

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Entrepreneurship, Access to credit, Bankruptcy

26.

Endogenous Agency Problems and the Dynamics of Rents

Number of pages: 44 Posted: 04 May 2015
Bruno Biais and Augustin Landier
University of Toulouse 1 - Toulouse School of Economics (TSE) and HEC
Downloads 173 (187,776)
Citation 12

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dynamic contracts, rents, optimal compensation, social norms

27.

Instabilities in Large Economies: Aggregate Volatility Without Idiosyncratic Shocks

HEC Paris Research Paper No. FIN-2014-1052
Number of pages: 22 Posted: 21 Jun 2014 Last Revised: 17 Sep 2014
Capital Fund Management, Capital Fund Management, HEC and MIT Sloan School of Management
Downloads 169 (191,604)
Citation 4

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volatility of aggregate output, network theory, rational expectations, general equilibrium

28.

Taxing the Rich

Number of pages: 56 Posted: 08 Jun 2016
Augustin Landier and Guillaume Plantin
HEC and University of Toulouse 1 - Toulouse School of Economics (TSE)
Downloads 167 (193,512)
Citation 4

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29.

Optimal Dissent in Organizations

Number of pages: 34 Posted: 18 Nov 2005
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 161 (199,684)
Citation 22

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Organization Design, Corporate Governance, Authority

30.

Tradeoffs in Staying Close: Corporate Decision-Making and Geographic Dispersion

Number of pages: 46 Posted: 15 Mar 2006
Augustin Landier, Vinay B. Nair and Julie Wulf
HEC, University of Pennsylvania - Finance Department and Harvard Business School
Downloads 127 (241,736)
Citation 7

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Social Interactions, Economic Geography, Layoffs, Divestitures

A Calibratable Model of Optimal CEO Incentives in Market Equilibrium

NYU Working Paper No. FIN-07-022
Number of pages: 50 Posted: 03 Nov 2008
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and HEC
Downloads 81 (330,318)

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A Calibratable Model of Optimal CEO Incentives in Market Equilibrium

NBER Working Paper No. w13372
Number of pages: 51 Posted: 10 Sep 2007 Last Revised: 17 Jul 2010
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and HEC
Downloads 31 (511,912)

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32.
Downloads 88 (311,106)
Citation 1

Inequality, Tax Avoidance, and Financial Instability

Number of pages: 21 Posted: 18 Mar 2011
Augustin Landier and Guillaume Plantin
HEC and University of Toulouse 1 - Toulouse School of Economics (TSE)
Downloads 84 (323,022)
Citation 1

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Inequality, Risk-Taking, Financial Instability

Inequality, Tax Avoidance, and Financial Instability

CEPR Discussion Paper No. DP8391
Number of pages: 29 Posted: 19 May 2011
Augustin Landier and Guillaume Plantin
HEC and University of Toulouse 1 - Toulouse School of Economics (TSE)
Downloads 4 (701,246)
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financial instability, tax avoidance

33.

Regulating Systemic Risk Through Transparency: Tradeoffs in Making Data Public

NBER Working Paper No. w17664
Number of pages: 15 Posted: 17 Dec 2011 Last Revised: 29 Dec 2013
Augustin Landier and David Thesmar
HEC and MIT Sloan School of Management
Downloads 39 (462,187)
Citation 2

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Banks' Exposure to Interest Rate Risk and the Transmission of Monetary Policy

NBER Working Paper No. w18857
Number of pages: 40 Posted: 01 Mar 2013
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 26 (541,514)
Citation 2

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Banks Exposure to Interest Rate Risk and the Transmission of Monetary Policy

CEPR Discussion Paper No. DP10300
Number of pages: 43 Posted: 23 Jan 2015
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and MIT Sloan School of Management
Downloads 1 (735,614)
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bank lending, interest rate risk, monetary policy

35.

The Perverse Effects of Partial Labour Market Reform: Fixed-Term Contracts in France

Economic Journal, Vol. 112, pp. F189-F213, 2002
Number of pages: 31 Posted: 22 Dec 2002
Olivier J. Blanchard and Augustin Landier
National Bureau of Economic Research (NBER) and HEC
Downloads 19 (569,192)
Citation 15
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36.
Downloads 18 (575,535)
Citation 8

CEO Pay and Firm Size: An Update after the Crisis

NBER Working Paper No. w19078
Number of pages: 38 Posted: 31 May 2013
Xavier Gabaix, Augustin Landier and Julien Sauvagnat
Harvard University - Department of Economics, HEC and Bocconi University
Downloads 16 (610,110)

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CEO Pay and Firm Size: An Update after the Crisis

CEPR Discussion Paper No. DP9498
Number of pages: 40 Posted: 06 Jun 2013
Xavier Gabaix, Augustin Landier and Julien Sauvagnat
Harvard University - Department of Economics, HEC and Bocconi University
Downloads 2 (721,381)
Citation 2
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assignment models, economics of superstars, Executive pay, inequality, matching.

CEO Pay and Firm Size: An Update after the Crisis

The Economic Journal, Vol. 124, Issue 574, pp. F40-F59, 2014
Number of pages: 20 Posted: 25 Feb 2014
Xavier Gabaix, Augustin Landier and Julien Sauvagnat
Harvard University - Department of Economics, HEC and Bocconi University
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37.

Investigating Capitalism Aversion

Economic Policy, Vol. 23, Issue 55, pp. 465-497, July 2008
Number of pages: 32 Posted: 12 Jun 2008
Augustin Landier, David Thesmar and Mathias Thoenig
HEC, MIT Sloan School of Management and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
Downloads 1 (701,458)
Citation 2
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38.

Trade-Offs in Staying Close: Corporate Decision Making and Geographic Dispersion

The Review of Financial Studies, Vol. 22, No. 3, pp. 1119-1148, 2009
Posted: 17 Mar 2009
Augustin Landier, Vinay B. Nair and Julie Wulf
HEC, University of Pennsylvania - Finance Department and Harvard Business School

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G34, J63, R30

39.

Financial Contracting with Optimistic Entrepreneurs

The Review of Financial Studies, Vol. 22, No. 1, pp. 117-150, 2009
Posted: 03 Jan 2009
Augustin Landier and David Thesmar
HEC and MIT Sloan School of Management

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G32, D86