François Derrien

HEC Paris - Finance Department

Professor

1 rue de la Liberation

Jouy-en-Josas Cedex, 78351

France

http://www.hec.fr/derrien

  • HEC Paris - Finance Department

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    • Tel: 33 1 39 67 72 98
SCHOLARLY PAPERS

20

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Top 3,805

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382

CROSSREF CITATIONS

58

Scholarly Papers (20)

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1.

ESG News, Future Cash Flows, and Firm Value

Swiss Finance Institute Research Paper No. 21-84, HEC Paris Research Paper No FIN-2021-1441
Number of pages: 83 Posted: 13 Aug 2021 Last Revised: 02 Nov 2023
François Derrien, Philipp Krueger, Augustin Landier and Tianhao Yao
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), HEC and Singapore Management University
Downloads 3,574 (5,633)
Citation 9

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ESG, Sustainability, Expectations, Analyst forecasts, Valuation, Discount rate, Cost of capital, Cash flows

2.

The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage

Downloads 1,695 (18,303)
Citation 96

The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage

Journal of Finance, Forthcoming
Number of pages: 50 Posted: 16 Dec 2010 Last Revised: 09 Mar 2013
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 1,490 (21,894)
Citation 36

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Financial shocks, Information asymmetry, Real effects, Investment, Financing, Cash holdings, Natural experiment, Matching estimators, Difference-in-differences, Equity research analysts

The Real Effects of Analyst Coverage

Number of pages: 50 Posted: 31 May 2012
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 205 (253,879)
Citation 1

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3.

Investor Horizons and Corporate Policies

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 21 Oct 2009 Last Revised: 09 Mar 2013
François Derrien, David Thesmar and Ambrus Kecskes
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and York University - Schulich School of Business
Downloads 1,469 (22,753)
Citation 47

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Investor horizons, Institutional investors, Investment, Financing, Payouts, Mispricing, Market timing

4.

Labor Force Demographics and Corporate Innovation

HEC Paris Research Paper No. FIN-2017-1243, Review of Financial Studies, Forthcoming
Number of pages: 96 Posted: 29 Nov 2017 Last Revised: 19 Oct 2022
François Derrien, Ambrus Kecskes and Phuong-Anh Nguyen
HEC Paris - Finance Department, York University - Schulich School of Business and York University
Downloads 998 (40,001)
Citation 5

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Innovation; Demographics; Labor markets; Inventors; Firm value

5.

The Initial Public Offerings of Listed Firms

AFA 2006 Boston Meetings, Forthcoming, EFA 2005 Moscow Meetings, Journal of Finance, Vol. 62, No. 1, p.447-479, 2007
Number of pages: 54 Posted: 16 Feb 2005
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 969 (41,555)
Citation 11

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6.

Information Asymmetry, the Cost of Debt, and Credit Events: Evidence from Quasi-Random Analyst Disappearances

Downloads 907 (45,582)
Citation 21

Information Asymmetry, the Cost of Debt, and Credit Events: Evidence from Quasi-Random Analyst Disappearances

Number of pages: 50 Posted: 12 Apr 2012 Last Revised: 04 May 2016
François Derrien, Ambrus Kecskes and Sattar Mansi
HEC Paris - Finance Department, York University - Schulich School of Business and Virginia Tech
Downloads 878 (46,994)
Citation 4

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Information asymmetry; Cost of debt; Default; Bankruptcy; Natural experiment; Matching estimators; Difference-in-differences; Equity research analysts; Creditors

Information Asymmetry, the Cost of Debt, and Credit Events: Evidence from Quasi-Random Analyst Disappearances

Number of pages: 51 Posted: 25 Jan 2016
François Derrien, Ambrus Kecskes and Sattar Mansi
HEC Paris - Finance Department, York University - Schulich School of Business and Virginia Tech
Downloads 29 (828,592)
Citation 18

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Information asymmetry; Cost of debt; Default; Bankruptcy; Natural experiment; Matching estimators; Difference-in-differences; Equity research analysts; Creditors

7.

Industry Asset Revaluations around Public and Private Acquisitions

Number of pages: 61 Posted: 01 May 2017 Last Revised: 09 Nov 2021
François Derrien, Laurent Frésard, Victoria Slabik and Philip Valta
HEC Paris - Finance Department, Universita della Svizzera italiana (USI Lugano), HEC Paris (Groupe HEC), Finance Department and University of Bern
Downloads 848 (49,976)
Citation 2

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Merger & acquisitions; Information; Revaluation; Stock returns; Peers; Misvaluation

8.

Do Analysts' Preferences Affect Corporate Policies?

Swiss Finance Institute Research Paper No. 13-22, ECGI - Finance Working Paper No. 361
Number of pages: 53 Posted: 19 Apr 2013 Last Revised: 29 Oct 2013
Francois Degeorge, François Derrien, Ambrus Kecskes and Sebastien Michenaud
University of Lugano - Faculty of Economics, HEC Paris - Finance Department, York University - Schulich School of Business and Kellstadt Graduate School of Business
Downloads 837 (50,887)
Citation 3

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Equity research analysts, Preferences, Real effects, Investment, Financing, Payouts, Leverage, Cash holdings

9.

The Effects of Investment Bank Rankings: Evidence from M&A League Tables

Forthcoming, Review of Finance
Number of pages: 55 Posted: 20 Jan 2012 Last Revised: 03 Aug 2018
François Derrien and Olivier Dessaint
HEC Paris - Finance Department and INSEAD
Downloads 723 (61,944)
Citation 1

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League tables, Investment banking, Mergers and acquisitions

10.

Analyst Hype in Ipos: Explaining the Popularity of Bookbuilding

Downloads 720 (62,290)
Citation 27

Analyst Hype in Ipos: Explaining the Popularity of Bookbuilding

Tuck School of Business Working Paper No. 2005-27, ECGI - Finance Working Paper No. 65/2005, RICAFE Working Paper No. 011
Number of pages: 54 Posted: 01 Sep 2004
Francois Degeorge, François Derrien and Kent L. Womack
University of Lugano - Faculty of Economics, HEC Paris - Finance Department and University of Toronto - Rotman School of Management (Deceased)
Downloads 720 (61,468)
Citation 27

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IPO, book-building, auctions

11.

Auctioned IPOs: The U.S. Evidence

Downloads 701 (64,525)
Citation 16

Auctioned IPOs: The U.S. Evidence

Swiss Finance Institute Research Paper No. 08-38, Tuck School of Business Working Paper No. 2009-61, European Banking Center Discussion Paper No. 2009-08S, CentER Discussion Paper No. 2009-37S
Number of pages: 52 Posted: 05 Jan 2009 Last Revised: 09 Mar 2013
Francois Degeorge, François Derrien and Kent L. Womack
University of Lugano - Faculty of Economics, HEC Paris - Finance Department and University of Toronto - Rotman School of Management (Deceased)
Downloads 374 (137,155)

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Initial public offerings, investment banking, auctions

Auctioned IPOs: The U.S. Evidence

AFA 2010 Atlanta Meetings Paper
Number of pages: 51 Posted: 22 Mar 2009 Last Revised: 09 Mar 2013
Francois Degeorge, François Derrien and Kent L. Womack
University of Lugano - Faculty of Economics, HEC Paris - Finance Department and University of Toronto - Rotman School of Management (Deceased)
Downloads 181 (284,140)
Citation 15

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Initial public offerings, investment banking, auctions

Auctioned IPOs: The U.S. Evidence

Paris December 2009 Finance International Meeting AFFI - EUROFIDAI, Tuck School of Business Working Paper No. 2009-72
Number of pages: 50 Posted: 09 Oct 2009 Last Revised: 09 Mar 2013
Francois Degeorge, François Derrien and Kent L. Womack
University of Lugano - Faculty of Economics, HEC Paris - Finance Department and University of Toronto - Rotman School of Management (Deceased)
Downloads 146 (341,751)
Citation 2

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initial public offerings, investment banking, auctions

12.

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

Downloads 551 (87,308)
Citation 27

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

HEC Paris Research Paper No. FIN-2015-1112
Number of pages: 57 Posted: 08 Oct 2014 Last Revised: 09 Oct 2015
Charles Boissel, François Derrien, Evren Ors and David Thesmar
HEC Paris - Finance Department, HEC Paris - Finance Department, HEC Paris - Finance Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 492 (99,479)
Citation 12

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repurchase agreement, sovereign debt crisis, LTRO, secured money market lending

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

ESRB: Working Paper Series No. 2016/10
Number of pages: 67 Posted: 05 Nov 2020
Charles Boissel, François Derrien, Evren Örs and David Thesmar
HEC Paris - Finance Department, HEC Paris - Finance Department, HEC Paris - Finance Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 59 (622,393)
Citation 19

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repurchase agreement, sovereign debt crisis, LTRO, secured money market lending, clearing houses

13.

Do Employees Care about ESG? Evidence from Employee Share Plans

Number of pages: 61 Posted: 25 Jul 2022 Last Revised: 30 Nov 2023
Maxime Bonelli, Marie Briere and François Derrien
London Business School - Department of Finance, Amundi Asset Management and HEC Paris - Finance Department
Downloads 459 (109,964)
Citation 1

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ESG, 401(k), employee ownership, employee satisfaction

14.

How Much Does Investor Sentiment Really Matter for Equity Issuance Activity?

Number of pages: 37 Posted: 19 May 2006 Last Revised: 09 Mar 2013
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 442 (114,026)

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Initial public offerings, hot issue markets, fundamentals, investor sentiment

15.

Online Reputation and Debt Capacity

HEC Paris Research Paper No. FIN-2020-1367
Number of pages: 69 Posted: 09 Mar 2020 Last Revised: 26 Oct 2022
François Derrien, Alexandre Garel, Arthur Romec and Jean-Philippe Weisskopf
HEC Paris - Finance Department, Audencia Business School, Toulouse Business School and EHL Hospitality Business School
Downloads 286 (183,934)
Citation 2

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online reputation, customer ratings, corporate debt, corporate investment

16.

Currying Favor to Win IPO Mandates

AFA 2007 Chicago Meetings Paper
Number of pages: 51 Posted: 07 Mar 2006
François Derrien
HEC Paris - Finance Department
Downloads 179 (286,831)
Citation 5

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Initial public offerings, underwriting syndicates, analyst behavior

17.

The Unintended Consequences of Government Regulations in Emerging Financial Markets: Evidence from the Chinese IPO Market

HEC Paris Research Paper No. FIN-2016-1183
Number of pages: 45 Posted: 14 Dec 2016 Last Revised: 22 Dec 2016
François Derrien, Xiaohui Wu, Qi Zeng and Yan Zhang
HEC Paris - Finance Department, Xiamen University, University of Melbourne - Department of Finance and Xiamen University
Downloads 146 (340,727)

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Regulation, Emerging markets, Initial Public Offerings

18.

Set-Up Costs and the Financing of Young Firms

Downloads 86 (496,920)
Citation 3

Set-Up Costs and the Financing of Young Firms

Banque de France Working Paper No. 792
Number of pages: 47 Posted: 25 Jan 2021 Last Revised: 22 Jun 2021
François Derrien, Jean-Stéphane Mésonnier and Guillaume Vuillemey
HEC Paris - Finance Department, Banque de France and HEC Paris
Downloads 85 (506,195)
Citation 1

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young firms, capital structure, set-up costs, leverage, debt maturity, financial frictions

Set-Up Costs and the Financing of Young Firms

CEPR Discussion Paper No. DP14512
Number of pages: 44 Posted: 25 Mar 2020
François Derrien, Jean-Stéphane Mésonnier and Guillaume Vuillemey
HEC Paris - Finance Department, Banque de France and HEC Paris
Downloads 1 (1,093,677)
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Capital Structure, debt maturity, Financial Frictions, leverage, set-up costs, Young firms

19.

Quid Pro Quo in Ipos: Why Book-Building is Dominating Auctions

Number of pages: 49 Posted: 04 Aug 2004
Francois Degeorge, François Derrien and Kent L. Womack
University of Lugano - Faculty of Economics, HEC Paris - Finance Department and University of Toronto - Rotman School of Management (Deceased)
Downloads 34 (764,563)
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IPOs, book-building, auctions

20.

IPO Pricing in 'Hot' Market Conditions: Who Leaves Money on the Table?

Journal of Finance, Vol. 60, No. 1, pp 487-521, 2005
Posted: 25 Aug 2006
François Derrien
HEC Paris - Finance Department

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