Denis Gromb

BIOGRAPHY

Denis Gromb is the Antin I.P. Chair Professor of Finance at HEC Paris. He graduated from Ecole Polytechnique, where he also obtained a Ph.D. in Economics while visiting the London School of Economics.

His principal research interests include corporate finance, corporate governance, banking, the economics of organizations and the limits to arbitrage in financial markets. His articles have been published in leading academic journals in Economics and Finance.

Denis teaches courses related to Corporate Finance in different programs : Grande Ecole, Master in Economics, Part-time MBA, Executive MBA, and the Executive MSc in Finance.

He has previously been on the Finance faculty at MIT (1995-2001), London Business School (2001-2008), and INSEAD (2008-2015), and visited the London School of Economics (2007-2008).

Selected publications include:

· “Large Shareholders, Monitoring and the Value of the Firm” with M. Burkart and F. Panunzi, Quarterly Journal of Economics (1997)

· “Why Higher Takeover Premia Protect Minority Shareholders” with M. Burkart and F. Panunzi, Journal of Political Economy (1998)

· “Equilibrium and Welfare in Markets with Constrained Arbitrageurs” with D. Vayanos, Journal of Financial Economics (2002)

· “Public Trading and Private Incentives” with A. Faure-Grimaud, Review of Financial Studies (2004)

· “Collusion and the Organization of Delegated Expertise” with D. Martimort, Journal of Economic Theory (2007)

· “Limits of Arbitrage: The State of the Theory” with D. Vayanos, The Annual Review of Financial Economic (2010).

· “Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking” with V. Acharya and T. Yorulmazer, American Economic Journal: Macroeconomics (2012).

· “Legal Investor Protection, and Takeovers” with M. Burkart, H. Muller, and F. Panunzi, Journal of Finance (2014).

EDUCATION

• 1994 Ph.D., Economics, Ecole Polytechnique - France
• 1990 Master in Mathematical Economics, Ecole Polytechnique - France
• 1989 Engineering Degree, Ecole Polytechnique - France

ACADEMIC APPOINTMENTS

Academic responsabilities at HEC

• 2015- Professor, Finance HEC Paris
• 2015- Member of GREGHEC, the joint research laboratory CNRS-HEC Paris HEC Paris

External Academic Responsabilities

• 2008-2015 Professor, Finance INSEAD
• 2008-2009 Professor, Finance London Business School
• 2007-2008 Visiting Professor, Finance London School of Economics & Political Science
• 2001-2008 Associate Professor, Finance London Business School
• 1999-2001 Associate Professor, Finance MIT, Massachusetts Institute of Technology, Sloan School of Management
• 1995-1999 Assistant Professor, FinanceMIT, Massachusetts Institute of Technology, Sloan School of Management

SCIENTIFIC ACTIVITIES

Editorial activities

• April 2016- Associate Editor, Rand Journal of Economics

AWARDS & HONORS

• 2022 Award winner: Private Equity and Infrastructure: Antin's TowerCo Deal, Finance, Accounting and Control category at The Case Centre Awards and Competitions 2022
• 2021 Prix AFFI 2021 de la meilleure etude de cas en Finance pour "
• 2018 Prix Vernimmen
• 2018 2018 AFFI-CCMP Award for the best case in Finance for "Pradas Hong Kong IPO" in collaboration with Alberta Di Giuli
• 2018 2018 Case Center Awards Competitions with "Prada's Hong Kong IPO", in collaboration with A. Di Giuli, in the category of finance, accounting and control
• 2008 Fondation Banque de France Grant
• 2007 ESRC Grant
• 1994 The Review of Economic Studies Tour