2002, Ph.D in Finance at Université catholique de Louvain
2001 – 2002,  Visiting Ph.D Student, Anderson School of Management - UCLA
1997 – 1998, Master Degree in Financial Economics, Université catholique de Louvain
1993 – 1997, A 5-year Degree in Applied Economcis, Université catholique de Louvain

2006 – 2008, Associate Professor of Finance, Louvain School of Management
2006 – 2008, Research Fellow CORE, Université catholique de Louvain
2003 – 2006, Assistant Professor of Finance, Louvain School of Management
2000 – 2003, ICM Fellow (Intercollegiate Center for Doctoral Studies in Management)
1998 – 2000, Teaching Assistant, IAG Louvain School of Management

Publications

1. "Negotiations under the threat of an auction, forthcoming, Journal of Financial Economics, forthcoming (with E. de Bodt and R. Roll)
2. "Learning, hubris and corporate serial acquisitions", Journal of Corporate Finance, 15, December 2009, 543–561 (with E. de Bodt and R. Roll)
   [quoted in the U.S. media: USA Today & New York Times]
3. "Idiosyncratic volatility change and event study tests", Finance, 30, 31–57 (with E. de Bodt and J.G. Cousin)
4. "Legal insider trading and market efficiency", Journal of Banking and Finance, 32(7), July 2008, 1379–1392 (with E. de Bodt and H. Van Oppens)
5. "Is European M&A regulation protectionist?", Economic Journal, 117, July 2007, pp. 1096-1121 (with E. de Bodt and R. Roll)
   [quoted  in the Financial Times – Jul. 11, 2006 & in L’Echo – Jan. 8, 2007]
6. "The PIN anomaly around M&A announcements", Journal of Financial Markets, 10(2), May 2007, 169–191 (with E. de Bodt, F. Declerck, and H. Van Oppens) 
7. "Event study with a contaminated estimation period", Journal of Corporate Finance, 13(1), February 2007, 129–145 (with E. de Bodt and J.G. Cousin)
8. "Market response to European regulation of business combinations", Journal of Financial and Quantitative Analysis, 39(4), December 2004, 731–758 (with E. de Bodt and R. Roll)
9. "Heterogeneity effects from market interventions", European Journal of Finance, 10(5), October 2004, 412–436 (with E. de Bodt and M. Levasseur)
10. "The emerging role of the European Commission in mergers and acquisitions monitoring: The Boeing-McDonnell Douglas Case", European Financial Management, 7(4), 2001, 447–480 (with A. Schmitt, E. de Bodt and M. Levasseur)
11. "Le décollage d’EADS : une analyse par les réactions des marchés financiers", Finance Contrôle Stratégie, 9(1), Mars 2006, 5–34 (with E. de Bodt and L. Liagre)   
12. "Horizontal, downstream and upstream effects of m&a operations in the car industry", Banque et Marché, Mars-Avril, 2004, 40–49 (with E. de Bodt and A. Derbaix)  
13. "État actionnaire et création de valeur : le cas des fusions et acquisitions", Banque et Marché, Juillet-Août 2004, 5–18 (with E. de Bodt and L. Liagre),
14. "La finance comportementale: un état des lieux", Reflets & Perspectives de la vie économique, Tome XLIII, No. 2, 2004.

Other Publications

1. “Legal insider trading and stock market reaction: Evidence from the Netherlands”,  in “Insider Trading: Global Developments and Analysis” (Edited by Greg N. Gregoriou and Paul U. Ali), Chapman & Hall/CRC edition, 2008 (with E. de Bodt, I. Riachi and J. de Smedt) 
2. “Licenciements collectifs : réaction boursière et attitude politique”, Regards Economiques, N°48, Janvier 2007 (with E. de Bodt and G. Tesolin)
   [quoted in L’Echo – Jan. 17, 2007]
3. “Belle saison pour le marché des fusions et acquisitions…”, Regards Economiques, N°39, Mars 2006 (with E. de Bodt and G. Tesolin)
4. “Regards sur la nouvelle vague de fusions et acquisitions”, Problèmes Economiques, N°2.903, Juillet 2006, 10–19 (with E. de Bodt and G. Tesolin),
5. "La finance classique au service de la microfinance", L'Echo, December 15, 2005 (with G. Tesolin)
6. "Le contrôle communautaire des concentrations: un des champs de batailles du patriotisme économique", L'Echo, December 10, 2005 (with E. de Bodt and G. Tesolin)

Working Papers

1. "The information content of trade credit" (with E. de Bodt, F. Lobez and J.C. Statnik)
2. "The time elapsed between M&A deals" (with E. de Bodt and R. Roll).
3. "Negotiation under the threat of an auction" (with E. de Bodt and R. Roll).
4. "Serial acquirer bidding: An empirical test of the learning hypothesis" (with E. de Bodt and R. Roll).
5. "Do financial markets care about SRI: Evidence from mergers and acquisitions" (with E. de Bodt and J.G. Cousin).
   

Conferences – colloquium with international scientific committee (includes presentation by co-author)

• "Do financial markets care about SRI: Evidence from mergers and acquisitions"
  -- PRI Academic Conference, Copenhagen, May 2010
• "Serial acquirer bidding: An empirical test of the learning hypothesis"
  -- AFFI –  Paris Finance International Meeting, December 2009
• “Negotiation under the threat of an auction”
  -- EFA –  European Finance Association, Bergen Meeting, August 2009
  -- AFA – American Finance Association, San Francisco Meeting, January 2009
  -- AFFI – Association Française de Finance, Lille Meeting, May 2008
• “Do acquisitions and internal growth impact differentially firm performance”
  -- EFMA – European Financial Management Association, Milano Meeting, June 2009
• “Do financial markets care about SRI: Evidence from mergers and acquisitions”
  -- AFFI – Association Française de Finance, Brest Meeting, May 2009
• “Assessing the power and the size of the event study method through the decades”
  -- EFMA – European Financial Management Association, Athens, June 2008
  -- AFFI – Association Française de Finance, Paris, December 2007
• “Learning, hubris and corporate serial acquisitions”
  -- EFA – European Finance Association, Ljubljana, August, 2007
  -- NFA – Northern Finance Association, Vancouver, September, 2005
• “European M&A regulation is protectionist”,
  -- EFA – European Finance Association, Maastricht, August, 2004
• “Event study with a contaminated estimation period”
  -- MFS – Mutlinational Finance Society, Istanbul, July 2004
  -- EFMA – European Financial Management Association, Helsinki, June 2003
  -- AFFI – Association Française de Finance, Lyon, June 2003
  -- International Finance Conference, Tunisia, March 2003
• “Horizontal, downstream and upstream effects of m&a operations in the car industry”
  -- AFFI – Association Française de Finance, Lyon, June 2003
• “Probability of Informed Trading? Some evidences around corporate event”
  -- EFMA – European Financial Management Association, Helsinki, June 2003
• “Market response to European regulation of business combinations”
  -- EFA – European Finance Association annual, Berlin, August, 2002
  -- EFMA – European Financial Management Association, London, June 2002
• “Is there Information Leakage around Mergers and Acquisitions on the French Market?”
  -- Sixth Toulouse Finance Workshop, Toulouse, September 20-21, 2002
  -- AFFI – Association Française de Finance, Strasbourg, June 2002
  -- EFMA – European Financial Management Association, London, June 2002
  -- Conference on “European M&As, Corporate Restructuring and Consolidation Issues”, Barcelona, March 16, 2002
• “The EADS take-off: an investigation through the financial markets reaction”
  -- International Finance Conference, Tunisia, March 2003
  -- AFFI – Association Française de Finance, Strasbourg, June, 2002
• “The information impact of the EC interventions in the field of m&a monitoring”
  -- AFFI –Association Française de Finance, Namur, June 2001
• “The market for corporate control: A financial analysis of the EC interventions”
  -- EFMA – European Financial Management Association, Lugano, June 2001
• “The emerging role of the EC in m&a monitoring: The Boeing-McDonnell Douglas case”
  -- EFMA – European Financial Management Association, Athens, June 2000
• “Une adaptation de la méthodologie des études d’événements au cas des f&a”
  -- AFFI – Association Française de Finance, Paris, December 1999
• “Le rôle émergent de la Commission européenne en matière de contrôle des f&a: Le cas Boeing et McDonnell Douglas”
  -- AFFI – Association Française de Finance, Aix-en-Provence, June 1999

Other conferences and invited seminars (includes presentation by co-author)

"Serial acquirer bidding: An empirical test of the learning hypothesis"
-- K.U.Leuven, M&A Workshop, December 17, 2009
-- ESC Lille, Finance Seminar, December 7, 2009
"Do financial markets care about SRI: Evidence from mergers and acquisitions"
-- Audencia Nantes School of Management, October 2009
“Negotiation under the threat of an auction: friendly deals, ex-ante competition and bidder returns”
-- Tuck Business School, November, 2008
-- University of Valencia – Worshop sobre el Mercado de Control de Empresas, September 26, 2008
-- University of Cologne – Center for Financial Research, June 5, 2008
-- CORE – Economic theory seminar, April 14, 2008
-- K.U.Leuven – Finance and Accounting Department, March 10, 2008
-- Lille School of Management, March 2008

• “Assessing the power and the size of the event study method through the decades”
  -- CORE – joint Econometrics and LSM-Finance seminar, April 9, 2008
• “Hubris, learning, and M&A decisions: Empirical Evidence”
  -- EM Lyon, Finance Seminar, January 26, 2007
  -- Université Paris Dauphine, October 26, 2006
  -- CORE, Econometrics seminar, October 4, 2006
  -- Hasselt University, 4th Corporate Finance Day, September 19, 2006
• “Legal insider trading and market efficiency”
  -- Tilburg University, December 14, 2007
  -- 5th International Financial Research Forum, Europlace Institute of Finance, Paris, June 2007
  -- CORE, Econometrics seminar, February 14, 2007
  -- University of Alicante, May 02, 2006
  -- Euronext – Dauphine workshop on financial market quality, March 09, 2006
• “European M&A regulation is protectionist”
  -- IFRI-Conference, “Europe in global, innovation-based competition”, Paris, January 16, 2007
  -- University of Alicante, February 25, 2005
  -- Gent University, Second Corporate Finance day, September 27, 2004
• “État actionnaire et création de valeur : le cas des fusions – acquisitions”
  -- Université de Laval, Séminaire de l'école de comptabilité, Faculté des Sciences de l'Administration, April 26, 2004 (presentation by L. Liagre)
• “Probability of Informed Trading? Some evidence around corporate events”
  -- K.U.Leuven, Finance Seminar, March 2004
• “Event study with a contaminated estimation period”
  -- Paris IX-Dauphine, Research Seminar, March 2003
  -- IAG – Louvain School of Management, Research Seminar, December 2003
• “Market response to European regulation of business combinations”
  -- London Business School, Finance Seminar, October 2002 (presentation by R. Roll)
  -- UCLA, Anderson School, March 2002 (presentation by R. Roll)
  -- K.U.Leuven, Finance Seminar, March 2003
  -- ESSEC, Finance Seminar, 2003
  -- Toulouse I, Journée Jeunes Chercheurs, 2003

Other research activities

• Referee: Emerging Markets Finance and Trade, Empirical Economics, European Financial Management, Financial Management, Financial Review, International Review of Economics and Finance, Journal of Banking and Finance, Journal of Corporate Finance, Journal of Economics and Business, Journal of Industrial Economics, Louvain Economic Review, Revue d’Economie Politique.
• Organizing committee: SIFF 2005, 5th Corporate Finance Day (2007), Workshop M&A at Lille (2007), AFFI 2008.
• Scientific committee: SIFF 2005, 5th Corporate Finance Day, European Finance Association (2007, 2008 & 2009), AFFI (2008 & 2009), AFFI December Meeting (2009).

2007 – 2009, Academic Fellow Europlace Institute of Finance
2006, Research grant from the Europlace Institute of Finance for the project "legal insider trading and market efficiency"
2000 – 2003, ICM Fellow

French, English, Turkish, German

Since 2005, academic member of the selection and attribution committee for the price in "Finance and Sustainable Development" of the FIR ("Forum pour l'Investissement Responsable").

Membership of doctoral committees

• Jean Christophe Vaxelaire, “L’efficience relative de divers instruments de signaling à disposition des firmes cotées”, Université de Lille 2 (June 12, 2008), Membre et président du Jury de thèse
• Alain Niyubahwe, “Désinvestissements et performance financière à long terme : analyse des facteurs explicatifs”, Univeristé catholique de Louvain (December 4, 2007)
• Hervé Van Oppens, “Insider Trading, Private Information and Market Efficiency: An empirical analysis through complementary studies”, Université catholique de Louvain (October 17, 2007)
• Diego Salzman, “Emotions, beliefs and illusionary finance”, Université catholique de Louvain – CORE (June 28, 2007)
• Jean-Gabriel Cousin, “Etudes d’évènement et diffusion d’informations : stabilité, spécification et puissance”, Université de Lille 2 (November 7,  2005)
• Louis Ndikumana, “Croissance externe de l’entreprise et performance boursière”, Université catholique de Louvain (May 20, 2005)
• Laurent Liagre, “Etat actionnaire et création de valeur : une analyse par les fusions-acquisitions”, Université de Lille 2 (December 9, 2004)