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

15

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CITATIONS
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Top 6,129

in Total Papers Citations

82

Scholarly Papers (15)

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 1,094 (14,873)
Citation 14

Abstract:

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 123 (193,799)
Citation 14

Abstract:

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) - Economics, Finance, Accounting (EFA) and York University - Schulich School of Business
Downloads 980 (12,282)
Citation 7

Abstract:

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

3.

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 660 (24,453)
Citation 20

Abstract:

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 656 (31,392)
Citation 18

Abstract:

IPO, book-building, auctions

5.
Downloads 586 ( 37,091)
Citation 5

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 342 (71,566)
Citation 5

Abstract:

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 137 (177,792)
Citation 5

Abstract:

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 107 (215,134)
Citation 5

Abstract:

initial public offerings, investment banking, auctions

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 518 (28,936)

Abstract:

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

7.

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 482 (27,827)

Abstract:

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

8.

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

Number of pages: 55 Posted: 20 Jan 2012 Last Revised: 23 Nov 2016
François Derrien and Olivier Dessaint
HEC Paris - Finance Department and University of Toronto - Rotman School of Management
Downloads 392 (61,497)
Citation 2

Abstract:

League tables, Investment banking, Mergers and acquisitions

9.

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 383 (60,363)
Citation 5

Abstract:

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

10.

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 147 (158,306)
Citation 6

Abstract:

Initial public offerings, underwriting syndicates, analyst behavior

11.

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) - Economics, Finance, Accounting (EFA)
Downloads 61 (124,386)
Citation 1

Abstract:

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

12.

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

CEPR Discussion Paper No. 4462
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 (384,201)
Citation 4
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Abstract:

IPOs, book-building, auctions

13.

The Effects of Acquisitions on the Value of Rivals in a ‘Winner-Take-Most’ Economy

HEC Paris Research Paper No. FIN-2017-1204
Number of pages: 33 Posted: 01 May 2017 Last Revised: 17 May 2017
HEC Paris - Finance Department, University of Maryland - Robert H. Smith School of Business, HEC Paris (Groupe HEC), Finance Department and University of Bern
Downloads 0 (295,883)

Abstract:

M&As

14.

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 0 (333,938)

Abstract:

Regulation, Emerging markets, Initial Public Offerings

15.

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: