Publications

• Setup Cost and the Financing of Young Firms,
  with Jean-Stéphane Mésonnier and Guillaume Vuillemey
  Management Science, forthcoming
• ESG News, Future Cash Flows, and Firm Value,
  with Philipp Krüger, Augustin Landier and Tianhao Yao
  The Journal of Finance 2025, 80(6), pp. 3499-3553
• Online Reputation and Debt Capacity,
  with Alexandre Garel, Arthur Petit-Romec and Jean-Philippe Weisskopf
  Journal of Financial and Quantitative Analysis 2024, 59(3), pp. 1100-1140
• Labor Force Demographics and Corporate Innovation,
  with Ambrus Kesckés and Phuong-Anh Nguyen
  Review of Financial Studies 2023, 36(7), pp. 2797-2838
  
• Industry Asset Revaluations Around Public and Private Acquisitions,
  with Laurent Frésard, Victoria Slabik and Philip Valta,
  Journal of Financial Economics 2023, 147(1), pp. 243-269
  
• The Effects of Investment Bank Rankings: Evidence from M&A League Tables,
  with Olivier Dessaint,
  Review of Finance 2018, 22(4), pp. 1375-1411
  
• Systemic Risk in Clearing Houses: Evidence from the European Repo Market,
  with Charles Boissel, Evren Ors and David Thesmar,
  Journal of Financial Economics 2017, vol. 125, pp. 511-536
• Information asymmetry, the cost of debt, and credit events: Evidence from quasi-random analyst disappearances,
  with Ambrus Kecskés and Sattar Mansi,
  Journal of Corporate Finance: Contracting, Governance and Organization 2016, Vol.39, pp. 295-311
  
• Investor Horizons and Corporate Policies,
  with Ambrus Kecskés  and David Thesmar,
  Journal of Financial and Quantitative Analysis, December 2013, vol. 48, n° 6, pp. 1755-1780
• The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage,
  with Ambrus Kecskés,
  The Journal of Finance, August 2013, vol. 68, n° 4, pp. 1407-1440
• Auctioned IPOs: The U.S. Evidence,
  with François Degeorge and Kent Womack,
  Journal of Financial Economics, November 2010, vol. 98, n° 2, pp. 177-194
• How Much Does Investor Sentiment Really Matter for Equity Issuance Activity?,
  with Ambrus Kecskés,
  European Financial Management, September 2009, vol. 15, n° 4, pp. 787-813
• Analyst Hype in IPOs: Explaining the Popularity of Bookbuilding,
  with François Degeorge and Kent Womack,
  Review of Financial Studies, July 2007, vol. 20, n° 4, pp. 1021-1058
• The Initial Public Offerings of Listed Firms,
  with Ambrus Kecskés,
  The Journal of Finance, February 2007, vol. 62, n° 1, pp. 447-479
• IPO Pricing in « Hot » Market Conditions: Who Leaves Money on the Table?,
  The Journal of Finance, February 2005, vol. 60, n° 1, pp. 487-521.
• Auctions vs. Book-building and the Control of Underpricing in Hot IPO Markets,
  with Kent Womack,
  Review of Financial Studies, Spring 2003, vol. 16, n° 1, pp. 31-61
• Les déterminants de la performance à long terme des introductions en bourse: le cas français (in French),
  with François Degeorge,
  Revue Banque et Marchés, September 2001, vol. 55, pp. 8-18