Laurent Frésard

Universita della Svizzera italiana (USI Lugano)

Swiss Finance Institute

c/o University of Geneva

40, Bd du Pont-d'Arve

CH-1211 Geneva 4

Switzerland

  • Universita della Svizzera italiana (USI Lugano)

  • Swiss Finance Institute

SCHOLARLY PAPERS

23

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25,439

TOTAL CITATIONS
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Top 1,513

in Total Papers Citations

640

Scholarly Papers (23)

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1.

Innovation Activities and Integration through Vertical Acquisitions

Review of Financial Studies, Forthcoming, Swiss Finance Institute Research Paper No. 19-36
Number of pages: 79 Posted: 31 Mar 2013 Last Revised: 13 Jul 2019
Laurent Frésard, Gerard Hoberg and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano), University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 3,044 (8,598)
Citation 84

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Mergers and Acquisitions, Vertical Mergers, Vertical Integration

2.

What's your Identification Strategy? Innovation in Corporate Finance Research

Robert H. Smith School Research Paper
Number of pages: 47 Posted: 13 Jan 2014 Last Revised: 24 Sep 2018
Donald E. Bowen III, Laurent Frésard and Jérôme Taillard
Lehigh University, Universita della Svizzera italiana (USI Lugano) and Babson College
Downloads 2,658 (10,655)
Citation 10

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corporate finance, identification, technology diffusion, causality

3.

Does Alternative Data Improve Financial Forecasting? The Horizon Effect

Downloads 2,443 (12,131)
Citation 20

Does Alternative Data Improve Financial Forecasting? The Horizon Effect

HEC Paris Research Paper No. FIN-2020-1402, Swiss Finance Institute Research Paper No. 20-106, Journal of Finance, forthcoming
Number of pages: 67 Posted: 17 Nov 2020 Last Revised: 20 Jun 2023
Olivier Dessaint, Thierry Foucault and Laurent Frésard
INSEAD, HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 2,441 (11,925)
Citation 12

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Big data, Financial analysts' forecasts, Forecasting horizon, Forecasts' informativeness, Social media

Does Alternative Data Improve Financial Forecasting? The Horizon Effect

CEPR Discussion Paper No. DP15786
Number of pages: 68 Posted: 11 Feb 2021
Olivier Dessaint, Thierry Foucault and Laurent Frésard
INSEAD, HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 2 (1,308,847)
Citation 8
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4.

Noisy Stock Prices and Corporate Investment

Downloads 2,256 (13,822)
Citation 99

Noisy Stock Prices and Corporate Investment

Rotman School of Management Working Paper No. 2707999, HEC Paris Research Paper No. FIN-2016-1127
Number of pages: 67 Posted: 26 Dec 2015 Last Revised: 10 Aug 2019
Olivier Dessaint, Thierry Foucault, Laurent Frésard and Adrien Matray
INSEAD, HEC Paris - Finance Department, Universita della Svizzera italiana (USI Lugano) and Princeton University
Downloads 2,252 (13,596)
Citation 99

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Ripple Effects of Noise on Corporate Investment

CEPR Discussion Paper No. DP11081
Number of pages: 59 Posted: 02 Feb 2016
Olivier Dessaint, Thierry Foucault, Laurent Frésard and Adrien Matray
INSEAD, HEC Paris - Finance Department, Universita della Svizzera italiana (USI Lugano) and Princeton University
Downloads 4 (1,289,282)
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informational efficiency, investment, learning, noise

5.

Rapidly Evolving Technologies and Startup Exits

Swiss Finance Institute Research Paper No. 19-22, USC Marshall School of Business Research Paper Sponsored by iORB, No. Forthcoming
Number of pages: 76 Posted: 25 Sep 2018 Last Revised: 03 Dec 2021
Donald E. Bowen III, Laurent Frésard and Gerard Hoberg
Lehigh University, Universita della Svizzera italiana (USI Lugano) and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 1,689 (21,811)
Citation 3

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Startup Exit, Initial Public Offerings (IPOs), Acquisitions, Sell-Outs, Technology Substitution, Venture Capital

6.

How Does Corporate Investment Respond to Increased Entry Threat?

Number of pages: 59 Posted: 16 Mar 2012 Last Revised: 29 Oct 2015
Laurent Frésard and Philip Valta
Universita della Svizzera italiana (USI Lugano) and University of Bern
Downloads 1,559 (24,636)
Citation 26

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Corporate investment, Entry Threat, Strategic Interactions, Market Structures

7.

Does Firm Investment Respond to Peers' Investment?

Robert H. Smith School Research Paper No. RHS 2827803, Swiss Finance Institute Research Paper No. 20-43
Number of pages: 56 Posted: 26 May 2020 Last Revised: 25 Apr 2022
Maria Cecilia Bustamante and Laurent Frésard
University of Maryland - Department of Finance and Universita della Svizzera italiana (USI Lugano)
Downloads 1,422 (28,263)
Citation 39

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investment, peer effect, competition, agglomeration economies

8.

Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 03 Mar 2008 Last Revised: 31 Aug 2009
Laurent Frésard
Universita della Svizzera italiana (USI Lugano)
Downloads 1,296 (32,446)
Citation 45

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Cash Holdings, Corporate Liquidity, Product Market Competition

9.

The Value of Excess Cash and Corporate Governance: Evidence from U.S. Cross-listings

EFA 2007 Ljubljana Meetings Paper, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 22 Jan 2007 Last Revised: 10 Jun 2009
Laurent Frésard and Carolina Salva
Universita della Svizzera italiana (USI Lugano) and University of Neuchatel - Institute of Financial Analysis
Downloads 1,124 (39,843)
Citation 35

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International cross-listing, corporate governance, cash holdings, liquidity

10.

Product Markets, Competition and Corporate Finance: A Review and Directions for Future Research

Number of pages: 84 Posted: 19 Oct 2022 Last Revised: 23 Oct 2022
Laurent Frésard and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano) and Dartmouth College - Tuck School of Business
Downloads 968 (49,308)

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corporate finance, industry product markets, competition and concentration, industrial organization, financing decisions

11.

The Horizon of Investors' Information and Corporate Investment

HEC Paris Research Paper No. FIN-2022-1462, Swiss Finance Institute Research Paper No. 23-03, INSEAD Working Paper No. 2023/60/FIN
Number of pages: 55 Posted: 15 Nov 2022 Last Revised: 14 May 2024
Olivier Dessaint, Thierry Foucault and Laurent Frésard
INSEAD, HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 954 (50,316)

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Project Horizon, Short-termism, Information Quality, Forecasting horizon, Forecasts’ informativeness, Managerial Incentives

12.

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 920 (52,847)
Citation 2

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

13.

Corporate Strategy, Conformism, and the Stock Market

Downloads 821 (61,756)
Citation 10

Corporate Strategy, Conformism, and the Stock Market

HEC Paris Research Paper No. FIN-2015-1099
Number of pages: 106 Posted: 02 Aug 2015 Last Revised: 02 Apr 2018
Thierry Foucault and Laurent Frésard
HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 730 (71,002)
Citation 2

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Conformism, Product Differentiation, Managerial Learning, Peers, Stock Price Informativeness

Corporate Strategy, Conformism, and the Stock Market

Swiss Finance Institute Research Paper No. 18-51
Number of pages: 108 Posted: 07 Aug 2018 Last Revised: 13 Dec 2018
Thierry Foucault and Laurent Frésard
HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 91 (580,087)
Citation 8

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Conformism, Product Differentiation, Managerial Learning, Peers, Informational efficiency

Corporate Strategy, Conformism, and the Stock Market

CEPR Discussion Paper No. DP11073
Number of pages: 56 Posted: 02 Feb 2016
Thierry Foucault and Laurent Frésard
HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
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Managerial Learning, Peers, Product Differentiation, Stock price Informativeness

14.

Learning from Peers' Stock Prices and Corporate Investment

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 67 Posted: 26 Jul 2012 Last Revised: 27 Aug 2013
Thierry Foucault and Laurent Frésard
HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 783 (65,773)
Citation 162

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Corporate Investment, Managerial Learning, Peers, Informed Trading

15.

Knowledge Cycles and Corporate Investment

Downloads 708 (75,034)

Knowledge Cycles and Corporate Investment

Number of pages: 54 Posted: 11 Jul 2019 Last Revised: 09 Jan 2023
Maria Cecilia Bustamante, Julien Cujean and Laurent Frésard
University of Maryland - Department of Finance, University of Bern - Institute for Financial Management and Universita della Svizzera italiana (USI Lugano)
Downloads 706 (74,156)

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Investment, Experimentation, Exploration, Knowledge Capital, Knowledge Cycles, Total $Q$, Intangible Capital

Knowledge Cycles and Corporate Investment

CEPR Discussion Paper No. DP14152
Number of pages: 66 Posted: 04 Dec 2019
Maria Cecilia Bustamante, Julien Cujean and Laurent Frésard
University of Maryland - Department of Finance, University of Bern - Institute for Financial Management and Universita della Svizzera italiana (USI Lugano)
Downloads 2 (1,308,847)
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Experimentation, exploration, Information Aversion, Intangibles, investment, Knowledge

16.

Extending Industry Specialization through Cross-Border Acquisitions

Downloads 555 (102,202)
Citation 16

Extending Industry Specialization through Cross-Border Acquisitions

Number of pages: 57 Posted: 02 Aug 2014 Last Revised: 04 Nov 2016
Laurent Frésard, Ulrich Hege and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano), Toulouse School of Economics and Dartmouth College - Tuck School of Business
Downloads 503 (113,937)

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Extending Industry Specialization Through Cross-Border Acquisitions

NBER Working Paper No. w22848
Number of pages: 58 Posted: 21 Nov 2016 Last Revised: 07 Jun 2023
Laurent Frésard, Ulrich Hege and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano), Toulouse School of Economics and Dartmouth College - Tuck School of Business
Downloads 52 (784,404)
Citation 16

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17.

Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis

Downloads 477 (122,900)
Citation 79

Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis

Number of pages: 59 Posted: 15 Sep 2010 Last Revised: 15 Mar 2013
Thierry Foucault and Laurent Frésard
HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 468 (124,179)
Citation 1

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Cross-listing, Managerial learning, Investment-to-price sensitivity, Price informativeness

Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis

CEPR Discussion Paper No. DP8331
Number of pages: 58 Posted: 20 Apr 2011
Thierry Foucault and Laurent Frésard
HEC Paris - Finance Department and Universita della Svizzera italiana (USI Lugano)
Downloads 9 (1,229,380)
Citation 78
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Cross-listing, Investment-to-price sensitivity, Managerial learning, Price informativeness

18.

How Do Firms Choose Between Growth and Efficiency?

Swiss Finance Institute Research Paper No. 23-37
Number of pages: 77 Posted: 10 Mar 2023 Last Revised: 08 Jun 2023
Laurent Frésard, Loriano Mancini, Enrique J. Schroth and Davide Sinno
Universita della Svizzera italiana (USI Lugano), Università della Svizzera italiana (USI Lugano), EDHEC Business School and Monash Business School
Downloads 434 (137,590)

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Efficiency, growth, short-term effort, investment, estimation

19.

The Pernicious Effects of Contaminated Data in Risk Management

Number of pages: 43 Posted: 15 Jan 2010 Last Revised: 14 Mar 2013
Laurent Frésard, Christophe Pérignon and Anders Vilhelmsson
Universita della Svizzera italiana (USI Lugano), HEC Paris - Finance Department and Lund University - Department of Economics
Downloads 335 (183,788)
Citation 1

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Regulatory capital, proprietary trading, backtesting, value-at-risk, profit-and-loss

20.

Finance, Talent Allocation, and Growth

Downloads 294 (211,216)

Finance, Talent Allocation, and Growth

Number of pages: 61 Posted: 29 Jan 2018 Last Revised: 26 Sep 2018
Francesco D'Acunto and Laurent Frésard
Georgetown University and Universita della Svizzera italiana (USI Lugano)
Downloads 233 (265,398)

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Finance Wage Premium, Skilled Labor, Misallocation, Growth, Innovation, STEM Education, Patents, Banking Sector, Value Added, Social Value of Finance

Finance, Talent Allocation, and Growth

CESifo Working Paper Series No. 6883
Number of pages: 57 Posted: 09 Apr 2018
Francesco D'Acunto and Laurent Frésard
Georgetown University and Universita della Svizzera italiana (USI Lugano)
Downloads 61 (726,838)

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finance wage premium, skilled labor, misallocation, growth, innovation, banking sector

21.

Regulating Conflicts of Interest: The Effect of Sanctions and Enforcement

Review of Finance (Forthcoming)
Number of pages: 46 Posted: 19 Mar 2011 Last Revised: 21 Mar 2024
Michel Dubois, Laurent Frésard and Pascal Dumontier
University of Neuchatel - Institute of Financial Analysis, Universita della Svizzera italiana (USI Lugano) and University of Grenoble
Downloads 272 (228,670)
Citation 8

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22.

To What Extent do Cross-Listing Firms Integrate into the U.S. Environment?

Number of pages: 60 Posted: 05 Mar 2010 Last Revised: 16 Mar 2012
Carolina Salva and Laurent Frésard
University of Neuchatel - Institute of Financial Analysis and Universita della Svizzera italiana (USI Lugano)
Downloads 262 (237,580)
Citation 1

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Cross-listing, Valuation, Familiarity, Home Bias, Corporate Governance, International Finance, Financial Integration

23.

Corporate Savings and Price Informativeness

Review of Finance, Forthcoming
Number of pages: 37 Posted: 09 Oct 2009 Last Revised: 15 Mar 2012
Laurent Frésard
Universita della Svizzera italiana (USI Lugano)
Downloads 165 (366,071)

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Corporate Savings, Cash Holdings, Price Informativeness, Private Information, Managerial Learning