NEOMA Business School hosts the 5th edition of the inter-business schools finance seminar in our Reims campus on April 11th and 12th.

The four previous editions were held at EM LYON (inaugural), NEOMA Business School (Rouen campus), ESSEC Business School, and Grenoble EM.

The seminar aims to bring together finance researchers from several business schools in France.

There are sixteen papers that will be presented during one day and a half. Each presentation lasts 20 minutes, followed by a discussion (7 minutes) and questions from the audience (3 minutes).

This year, we have the pleasure to announce that the following schools participate in the seminar: Dauphine University, EM Lyon, ESCP, ESSEC, Grenoble EM, HEC, NEOMA BS, and Toulouse BS.


Thursday, April 11th

10:00-10:50. Coffee.
10:50-11:00. Introduction : Ana Colovic, Research Director, NEOMA BS
11:00-11:30. Jérôme Dugast (Dauphine Univ.) “A Theory of Participation in OTC and Centralized Markets” (discussant: Xia Xu, EM LYON)
11:30-12:00. Xia Xu (EM LYON) “Portfolio Optimization in the Presence of Extreme Risks: A Pareto-Dirichlet Approach” (discussant: Messaoud Chibane, NEOMA BS)
12:00-12:30. François Derrien (HEC) “Labor Force Demographics and Corporate Innovation” (discussant: Laurent Bach, ESSEC)
12:30-13:00. Julien Fouquau (ESCP) “The Term Structure of Equity Factor Diversification” (discussant: Arash Aloosh, NEOMA BS)
13:00-14:00. Lunch.
14:00-14:30. Christophe Perignon (HEC) “What if dividends were tax-exempt? Evidence from a natural experiment” (discussant: Florian Kiesel, Grenoble EM)
14:30-15:00. Thomas David (ESCP Europe) “CEO award and mutual fund voting” (discussant: Marie-Aude Laguna, Dauphine Univ.)
15:00-15:30. Eser Arisoy (NEOMA BS) “Anticipated Regret and Expected Stock Returns” (discussant: Debrah Meloso, Toulouse BS)
15:30-16:00. Coffee break.
16:00-16:30. Marie-Aude Laguna (Dauphine Univ.) « Negative Press and Corporate Policy » (discussant: François Derrien, HEC )
16:30-17:00. Pierre Mella-Barral (Toulouse BS) “Sequel Firm Creation and Moral Hazard in Teams” (discussant: Sami Attaoui, NEOMA BS)
17:00-17:30. Antoine Noël (NEOMA BS) “Excessive Discretion in Corporate Disclosure? Evidence from Option Valuation” (discussant: Thomas David, ESCP)
18:00-19:30 Visit Champagne House (TBA)
Dinner (TBA)

Friday, April 12th

8:30-9:00. Coffee.
9:00-9:30. Laurent Bach (ESSEC) “Rich Pickings? Risk, Return, and Skill in Household Wealth” (discussant: Guillaume Vuillemey, HEC)
9:30-10:00. Guillaume Vuillemey (HEC) “Mitigating Fire Sales with Contracts: Theory and Evidence” (discussant: Jung-Hyun Ahn, NEOMA BS)
10:00-10:30. Florian Kiesel (Grenoble EM) “Does the CDS market anticipate changes in firm risk?” (discussant: Christophe Perignon, HEC)
10:30-11:00. Coffee break.
11:00-11:30. Serge Darolles (Dauphine Univ.) “Timing the size risk premium” (discussant: Eser Arisoy, NEOMA BS )
11:30-12:00. Debrah Meloso (Toulouse BS) “Dynamically Complete Experimental Asset Markets” (Discussant: Wenbin Cao, NEOMA BS)
12:00-12:30. Samuel Ouzan (NEOMA BS) “Value Bubbles” (discussant: Jérôme Dugast, Dauphine Univ.)
12:30-13:30. Lunch.

Practical information


The NEOMA campus is located a few meters from the tram stop Campus Croix Rouge: 59 rue Pierre Taittinger – 51100 Reims


– Paris Est -Reims Centre: April 11 – departure 8:58; in Reims at 9:44.
– Reims Centre – Paris Est: April 12 – departure at 14:15; in Paris at 15h01.


From the Reims Centre station, a tram (A or B) allows you to reach the campus in about ten minutes.
– Departure stop: Gare Centre
– Arrival stop: Campus Croix Rouge

N.B. If you arrive at the Champagne-Ardenne TGV station, take tram B and get off at Campus Croix Rouge.