Institution
HEC Paris
Education•Jouy-en-Josas, France•
About: HEC Paris is a education organization based out in Jouy-en-Josas, France. It is known for research contribution in the topics: Market liquidity & Entrepreneurship. The organization has 584 authors who have published 2756 publications receiving 104467 citations. The organization is also known as: Ecole des Hautes Etudes Commerciales & HEC School of Management Paris.
Topics: Market liquidity, Entrepreneurship, Investment (macroeconomics), Portfolio, Corporate governance
Papers published on a yearly basis
Papers
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TL;DR: In this paper, a model with two Cournot duopolists who produce at Time 0 wich is the date at which all demand is realized is presented, where each duopolist will sell forward which makes them worse off and makes consumers better off.
Abstract: We build a model with two Cournot duopolists who produce at Time 0 wich is the date at which all demand is realized. N periods before time 0, the duopolists trade on a forward market for delivery at Time 0. Having made these contracts, they trade again at time ( − N + 1) for delivery at Time 0. etc. We show that, in equilibrium, each of them will sell forward which makes them worse off and makes consumers better off than if the forward market did not exist. When N, the number of forward trading periods prior to production, tends to infinity, the outcome tends to the competitive solution.
602 citations
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TL;DR: In this article, the influence of the structure and composition of a firm's alliance network on its exploratory innovation was examined and the benefits of networkclosure and access to diverse information can coexist in an alliance network and that these combined benefits increase exploratory innovations.
Abstract: This study examines the influence of the structure and composition of a firm’s alliance network on its exploratory innovation—innovation embodying knowledge that is novel relative to the firm’s extant knowledge. A longitudinal investigation of 77 telecommunications equipment manufacturers indicated that the technological diversity of a firm’s alliance partners increases its exploratory innovation. Further, network density among a firm’s alliance partners strengthens the influence of diversity. These results suggest the benefits of network “closure” (wherein a firm’s partners are also partners) and access to diverse information can coexist in an alliance network and that these combined benefits increase exploratory innovation.
600 citations
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TL;DR: In this article, a game theoretic model of price formation and order placement decisions in a dynamic limit order market is provided, where investors can choose to either post limit orders or submit market orders.
591 citations
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01 Jun 2009TL;DR: The authors sketch how consumers make use of virtual communities as social and information networks, and how this affects their decision-making processes, and present three studies that address determinants and effects of virtual community influence on the consumer decision process.
Abstract: Increasingly, consumers interact through the Internet to share their knowledge, experiences, and opinions. Consequently, 'word-of-mouse' has become a significant market force that influences consumer decision-making. On the basis of extensive quantitative and qualitative research, the authors sketch how consumers make use of virtual communities as social and information networks, and how this affects their decision-making processes. We present three studies that address (i) determinants and effects of virtual community influence on the consumer decision process; (ii) virtual community participation patterns; and (iii) discussion practices of the most active community members. Key implications for managers, marketers, and market researchers are discussed.
582 citations
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TL;DR: The authors developed a new and comprehensive database of firm-level contributions to U.S. political campaigns from 1979 to 2004, and constructed variables that measure the extent of firm support for candidates.
Abstract: We develop a new and comprehensive database of firm-level contributions to U.S. political campaigns from 1979 to 2004. We construct variables that measure the extent of firm support for candidates. We find that these measures are positively and significantly correlated with the cross-section of future returns. The effect is strongest for firms that support a greater number of candidates which hold office in the same state that the firm is based. In addition, there are stronger effects for firms whose contributions are slanted toward House candidates and Democrats.
566 citations
Authors
Showing all 605 results
Name | H-index | Papers | Citations |
---|---|---|---|
Sandor Czellar | 133 | 1263 | 91049 |
Jean-Yves Reginster | 110 | 1195 | 58146 |
Pierre Hansen | 78 | 575 | 32505 |
Gilles Laurent | 77 | 264 | 27052 |
Olivier Bruyère | 72 | 579 | 24788 |
David Dubois | 50 | 169 | 12396 |
Rodolphe Durand | 49 | 173 | 10075 |
Itzhak Gilboa | 49 | 259 | 13352 |
Yves Dallery | 47 | 170 | 6373 |
Duc Khuong Nguyen | 47 | 235 | 8639 |
Eric Jondeau | 45 | 155 | 7088 |
Jean-Noël Kapferer | 45 | 151 | 12264 |
David Thesmar | 41 | 161 | 7242 |
Bruno Biais | 41 | 144 | 8936 |
Barbara B. Stern | 40 | 89 | 6001 |