Evren Örs

Evren Örs is an Associate Professor in the Finance Department of HEC Paris. He has obtained his Ph.D. from Boston College in 1999. His main research areas are financial institutions and corporate finance. His current research projects include the impact of banking deregulation on trade, the effects of banking integration on industry growth and M&A activity, the impact of regulation on key employee compensation. He has papers accepted in the Journal of Finance, Journal of Financial Economics, Journal of Money Credit and Banking, Journal of Banking and Finance, Journal of Corporate Finance, among other publications. Since September 2015 Evren is the HEC Paris Finance Department''s Coordinator. Since December 2015 he is the Academic Director of the HEC Paris Executive Master in Finance. He teaches introductory finance classes at the master''s and executive master''s levels.

Education

• 1999 Ph.D. in Finance, Carroll School of Management - Boston College, USA.
• 1994 M.S. in Finance, Carroll School of Management - Boston College, USA.
• 1992 Master of Business Administration, Middle East Technical University (M.E.T.U.), Turkey.
• 1988 B.S. in Mechanical Eng., Middle East Technical University (M.E.T.U.), Turkey.

Academic responsibilities at HEC

• 2015- Academic Director, Executive Master in Finance.
• 2015- Department Head, Finance.
• 2011-2012 EMBA Course Leader for Financial Markets.
• 2011-2012 Scientific Co-Director of CESA Finance.
• 2011-2012 Scientific Co-Director of Executive Master Gestion Financière.
• 2009- Associate Professor.
• 2004- Member of GREGHEC (CNRS).
• 2003-2008 Assistant Professor.

External academic responsibilities

• 1999-2003 Assistant Professor, Dept. of Finance, SIUC.
• 1998-1999 Instructor, Dept. of Finance, Southern Illinois University-Carbondale (SIUC)..

SCIENTIFIC ARTICLES

• Banking Integration and Growth: Role of Banks' Previous Industry Exposure
  Journal of Financial Intermediation, Forthcoming, vol. 49, n° 100944, (in coll. with N. KARAKAYA, T. K. MICHALSKI)

• Replacing Key Employee Retention Plans with Incentive Plans in Bankruptcy
  Accounting, Organizations and Society, October 2021, vol. 94, n° 101278, (in coll. with V. CAPKUN)

• Systemic Risk in Clearing Houses: Evidence from the European Repo Market
  Journal of Financial Economics, September 2017, vol. 125, n° 3, pp 511-536, (in coll. with C. BOISSEL, F. DERRIEN, D. THESMAR)

• Risk-Based Capital Requirements for Banks and International Trade
  Review of Financial Studies, November 2017, vol. 30, n° 11, pp 3970-4002, (in coll. with B. DEMIR-PAKEL, T. K. MICHALSKI)

• Performance Gender-Gap: Does Competition Matter ?
  Journal of Labor Economics, July 2013, vol. 31, n° 3, pp 443-499, (in coll. with F. Palomino, E.-A. PEYRACHE)

• (Interstate) banking and (interstate) trade: Does real integration follow financial integration?
  Journal of Financial Economics, April 2012, vol. 104, n° 1, pp 89-117, (in coll. with T. K. MICHALSKI)

• The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency
  Journal of Money, Credit and Banking, August 2008, vol. 40, n° 5, pp 897-928, (in coll. with D. Evanoff)

• Margin Regulation and Market Quality: A Microstructure Analysis
  Journal of Corporate Finance, September 2004, vol. 10, n° 4, pp 549-574, (in coll. with G. Alexander, M. Peterson, P. Jo. Seguin)

• Post Mortem on Federal Reserve's Functional Cost Analysis Program: How Useful Was the FCA?
  Review of Financial Economics, 2004, vol. 13, n° 1-2, pp 121-148,

• The predictive power of implied volatility: Evidence from 35 futures markets
  Journal of Banking and Finance, November 2003, vol. 11, n° 27, pp 2151-2176, (in coll. with A. Szakmary, J. Kim, W. Davidson III)

• Bank Performance Around the Introduction of a Section 20 Subsidiary
  Journal of Finance (The), February 2002, vol. 57, n° 1, pp 501-521, (in coll. with M. Comett, H. Tehranian)

• Using Implied Volatility on Options to Measure the Relation Between Asset Retums and Variability
  Journal of Banking and Finance, July 2001, vol. 25, n° 7, pp 1245-1269, (in coll. with W. Davidson, J. Kim, A. Szakmary)

• Hedging Corporate Bond Portfolios across the Business Cycle
  Journal of Fixed Income, March 1996, vol. 5, pp 56-60, (in coll. with A. Marcus)

PROCEEDINGS

• The Role of Advertising in Commercial Banking
  Proceedings of the Federal Reserve Bank of Chicago's 39th Bank Structure and Competition Conference , 2003

• Banking Industry Consolidation and Productive Efficiency
  Proceedings of the Federal Reserve Bank of Chicago's 37th Bank Structure and Competition Conference , 2001 (D. Evanoff)

WORKING PAPERS

• Financial Constraints and Propagation of Shocks in Production Networks
  CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2020

• Financial Integration and Growth: Banks' Previous Industry Exposure Matters
  Cahier de Recherche du Groupe HEC , 2015

• Systemic Risk in Clearing Houses: Evidence from the European Repo Market
  Cahier de Recherche du Groupe HEC , 2015

• Risk-Based Capital Requirements for Banks and International Trade
  Cahier de Recherche du Groupe HEC , 2014

• U.S. Banking Integration and State-Level Exports
  Cahier de Recherche du Groupe HEC , 2014

• Bank Imputed Interest Rates: Unbiased Estimates of Offered Rates?
  FRB of Chicago Working Paper , 2006

• Advertising and Pricing at Multiple Output Firms: Evidence from U.S. Thrift Institutions
  FRB of Chicago Working Paper , 2004

• Definitional and Statistical Differences in Imputed and Offered Deposit Rates
  Mimeo , 2021

• The Role of Advertising in Commercial Banking
  Mimeo , 2021

• State-Subsidies and Firm Performance: Evidence from France
  Mimeo , 2021

• U.S. Banking Integration and State-Level Exports
  Mimeo , 2021