Publications
Articles
2004 "Crédibiliser la Valeur Terminale " Echanges (revue des directeurs financiers et contrôleurs de gestion), n°211, Juin 2004, pp 37-39.
2002 " Coaching technique en finance, pour non financiers " Management et Conjoncture Sociale, juillet 2002
2001 "Valuing High-gowth Companies : an International Comparison of Practices by Leading Venture Capitalists and Underwriters", in International Management, special issue on entrepreneurship, Fall 2001, Vol6-N°1
2000 "Evaluer une entreprise en forte croissance: faut-il s'inspirer des underwriters ou du venture capital ?" Fusions Acquisitions, Décembre 1999.
1999 "Les clés de la création de la valeur", La revue du Financier, n° 120
1999 "Les différentes approches de la création de valeur : pertinence des outils de mesure", La revue du Financier, n° 120
Divers articles antérieurs sur le comportement financier des PME et sur les conditions et conséquences de l'accès en Bourse.
Books and articles in books
1990 "L'itinéraire financier du créateur d'entreprise", CLET, (with G. Copin), Paris, 1991.
1995 "Are prestigious underwriters and auditors of any value for entrepreneurs in the going-public process ? - Evidence from French second market". - international Entrepreneurship (Edited by Sue Birley and Ian C. MacMillan), Routledge, 1995
1996 "The posted-price paradox : evidence on the flotation mechanism selection process in France", with Benoît Leleux, in Empirical issues in raising equity capital (Advances in Finance Investment and Banking), North Holland, 1997
1999 "De l'information à la communication financière" in Couverture des risques de change et de taux dans l'entreprise, Economica, Paris, p 437-448, 1998
Case-studies
Numerous case studies in corporate finance and company valuation.
Conferences
2000 "High growth firms valuation" 10th Global Conference on Entrepreneurship Research, London, March 2000
1999 "Valuing high-growth firms: a comparative study on practices of venture capital firms and underwriters. Is there a valuation gap, and why ? Conférence EFMD, Lisbonne le 19/09/1999
1998 "Links between Investment and Financing in Entrepreneurial SMEs : are growth and equity structure the key factors ? Rent conference, Lyon, France, 1998
1998 "Investment and financing in entrepreneurial S.M.E. :how flotation, growth and size influence the link between those two policies ?" with Loïc Maherault 8TH Global Conference on Entrepreneurship Research, INSEAD JUIN 1998
1995 " Les déterminants du comportement d'endettement des PME cotées "
3e congrès international francophone de la PME Trois Rivières 23 au 25/10/1995 avec B.Belletante
1993 "Are Prestigious under writers and auditor's of any value for entrepreneurs, in the going public process ? Evidence from the French second market", communication to the third Global Conference on Entrepreneurship Research, London, March 1993
1992 "Does knowing who sells matter in IPT pricing ? The French second market experience", with B.Belletante, EFER conference, London, December 1992.
1992 "The financial territory as an explanation of Entrepreneurial Firm's Financial Behaviour. An exploratory study on medium-sized firms", Second Global Entrepreneurship Research Conference, London, March 9-11 (1992).
Financed Research
1999 : international research on high-growth firms' valuation processes of Venture Capital firms and Underwriters (United States, Canada, UK and France), financed by Deloitte and Touch, Siparex, ParisBourse, and Le Grand Lyon, 100 000 Dollars).
1995 : study on the market for the Nouveau Marché, the French market for fast growing high-tech firms, financed by ParisBourse
1994-1996: 3 years program on medium-sized firms financial strategy, along with a team of three professors, financed by ParisBourse and CREDIT AGRICOLE (80 000 Dollars)
Over 20 years of teaching experience in MBA
In charge of one gateway "Shareholder Value Analysis and Company Value", and of one elective "Diagnostic Financier et Mesure du Risque";
In charge for 15 years of a financial management course in the HEC-CPA executive MBA;
In charge for 5 years of an executive program: "Manage a business unit" 22 days, twice a year, 30 participants per year.
Responsible for corporate finance courses in continuing education open programmes.
Responsible for one fourth of the Master in Corporate Finance courses…
In charge of numerous tailor made programs, for ARCELOR, BAYER, BONGRAIN, DANONE, PECHINEY (worldwide: seminars in France, United States, Germany, Italy, Greece, Cameroun, Australia, etc…2500 managers trained from 1998 to 2001), SAINT-GOBAIN( Europe), SCHNEIDER Electric (Europe, Asia), SAFRAN. These programs are designed either for non financial managers - from young managers to board members - or for finance and control specialists.