I am Professor of Finance at HEC Paris. My research is in corporate finance, with a focus on how the environment of firms affects their financing and investment decisions, and ultimately, their performance and value. I have studied the impact of security analysts on corporate policies, as well as the effect of the horizon of investors on firms’ decisions. More recently, my work has focused on understanding how local labor markets affect firms. In particular, I have studied the impact of local demographics on the ability of firms to innovate and to grow. I am also interested in ESG regulations and ratings and their impact on firm valuation and firm policies. My work has appeared in finance journals like the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics.
François Derrien 