François Derrien

HEC Paris - Finance Department

Professor

1 rue de la Liberation

Jouy-en-Josas Cedex, 78351

France

http://www.hec.fr/derrien

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 4,976

SSRN RANKINGS

Top 4,976

in Total Papers Downloads

11,930

SSRN CITATIONS
Rank 5,583

SSRN RANKINGS

Top 5,583

in Total Papers Citations

180

CROSSREF CITATIONS

56

Scholarly Papers (20)

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 1,404 (19,218)
Citation 36

Abstract:

Loading...

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 188 (223,483)
Citation 1

Abstract:

Loading...

2.

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 1,428 (19,102)
Citation 25

Abstract:

Loading...

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

3.

ESG news, future cash flows, and firm value

Swiss Finance Institute Research Paper No. 21-84
Number of pages: 74 Posted: 13 Aug 2021 Last Revised: 29 Dec 2021
François Derrien, Philipp Krueger, Augustin Landier and Tianhao Yao
HEC Paris - Finance Department, University of Geneva - Geneva Finance Research Institute (GFRI), HEC and HEC Paris
Downloads 1,393 (19,843)

Abstract:

Loading...

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

4.

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 948 (34,702)
Citation 7

Abstract:

Loading...

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 Polytechnic Institute & State University
Downloads 852 (39,726)
Citation 4

Abstract:

Loading...

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 Polytechnic Institute & State University
Downloads 8 (841,527)
Citation 6

Abstract:

Loading...

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

6.

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
University of Lugano - Faculty of Economics, HEC Paris - Finance Department, York University - Schulich School of Business and Kellstadt Graduate School of Business
Downloads 797 (44,094)
Citation 3

Abstract:

Loading...

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

7.

Industry Asset Revaluations around Public and Private Acquisitions

Number of pages: 61 Posted: 01 May 2017 Last Revised: 09 Nov 2021
HEC Paris - Finance Department, Universita della Svizzera italiana (USI Lugano), HEC Paris (Groupe HEC), Finance Department and University of Bern
Downloads 737 (48,931)
Citation 1

Abstract:

Loading...

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

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 692 (52,507)
Citation 27

Abstract:

Loading...

IPO, book-building, auctions

9.

Labor Force Demographics and Corporate Innovation

HEC Paris Research Paper No. FIN-2017-1243
Number of pages: 70 Posted: 29 Nov 2017 Last Revised: 04 May 2020
François Derrien, Ambrus Kecskes and Phuong-Anh Nguyen
HEC Paris - Finance Department, York University - Schulich School of Business and York University
Downloads 671 (55,383)
Citation 5

Abstract:

Loading...

Innovation; Demographics; Labor markets; Inventors; Firm value

10.

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 664 (56,118)
Citation 1

Abstract:

Loading...

League tables, Investment banking, Mergers and acquisitions

11.
Downloads 662 ( 56,341)
Citation 9

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 365 (114,772)

Abstract:

Loading...

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 165 (250,168)
Citation 8

Abstract:

Loading...

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 132 (299,662)
Citation 3

Abstract:

Loading...

initial public offerings, investment banking, auctions

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 455 (88,967)
Citation 12

Abstract:

Loading...

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 32 (633,117)
Citation 8

Abstract:

Loading...

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

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 417 (98,442)

Abstract:

Loading...

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

14.

Online Reputation and Debt Capacity

HEC Paris Research Paper No. FIN-2020-1367
Number of pages: 69 Posted: 09 Mar 2020 Last Revised: 04 Mar 2021
HEC Paris - Finance Department, Audencia Business School, Toulouse Business School and EHL Hospitality Business School
Downloads 184 (227,731)

Abstract:

Loading...

online reputation, customer ratings, corporate debt, corporate investment

15.

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 166 (248,511)
Citation 5

Abstract:

Loading...

Initial public offerings, underwriting syndicates, analyst behavior

16.

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 117 (325,941)

Abstract:

Loading...

Regulation, Emerging markets, Initial Public Offerings

17.
Downloads 49 (529,186)
Citation 1

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
HEC Paris - Finance Department, Banque de France and HEC Paris
Downloads 48 (543,594)
Citation 1

Abstract:

Loading...

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
HEC Paris - Finance Department, Banque de France and HEC Paris
Downloads 1 (931,728)
  • Add to Cart

Abstract:

Loading...

Capital Structure, debt maturity, Financial Frictions, leverage, set-up costs, Young firms

18.

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 (605,683)
  • Add to Cart

Abstract:

Loading...

IPOs, book-building, auctions

19.

Altruism or Self-Interest? ESG and Participation in Employee Share Plans

Number of pages: 56 Posted: 25 Jul 2022
Maxime Bonelli, Marie Briere and François Derrien
HEC Paris - Finance Department, Amundi Asset Management and HEC Paris - Finance Department
Downloads 32 (617,574)

Abstract:

Loading...

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

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

Abstract:

Loading...