Research
My research interests are in the areas of Corporate Finance and Corporate Governance
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Publications
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"The Best-Performing CEOs in the World". (with Morten Hansen, and Herminia Ibarra), Harvard Business Review, Jan-Feb 2013, 81-95.
"Financial misrepresentation and its impact on rivals", 2012, (with Eitan Goldman and Irina Stefanescu), Financial Management 41, 915-945.
"The CEO Pay Slice" 2011, (with Lucian Bebchuk, and Martijn Cremers) Journal of Financial Economics 102, 199-221.
"Lucky CEOs and Lucky Directors ", 2010 (with Lucian Bebchuk, and Yaniv Grinstein), Journal of Finance 65, 2363-2401.
"The Best-Performing CEOs in the World". (with Morten Hansen, and Herminia Ibarra), Harvard Business Review, Jan-Feb 2010, 104-113.
"The Nature and Persistence of Buyback Anomalies" . (with Theo Vermaelen), Review of Financial Studies, 2009, 22(4):1693-1745 .
"Takeover defenses and competition: The role of the stakeholders", (with Martijn Cremers and Vinay Nair), Journal of Empirical Legal Studies, December 2008 , 791-818.
"Board seat accumulation by executives: a shareholder's perspective" (with Tod Perry), Journal of Finance 60, August 2005, 2083-2123.
"The Many Facets of Privately Negotiated Stock Repurchases", (with Theo Vermaelen), Journal of Financial Economics 75, February 2005, 361-395.
"Board Overlap, Seat Accumulation, and Share Prices", (with Claudio Loderer) European Financial Management Vol 8, No 2, June 2002, 165-192.
"Leverage and Internal Capital Markets: Evidence From Leveraged Recapitalizations", (with Anil Shivdasani), Journal of Financial Economics 59, March 2001, p. 477-515.
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Working Papers
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"Do Firms Hedge Optimally? Evicence From a Governance Shock", 2013 (with Sterling Huang and Bini Segal)
"Buybacks Around the World", 2013 (with Alberto Manconi and Theo Vermaelen)
"Corporate Governance and Product Market Competition", 2012 (with Sterling Huang)
"Luck and entrepreneurial success", 2013 (with Diego Liechti, and Claudio Loderer)
"Pay distribution in the top executive team", 2007 (with Lucian Bebchuk, and Martijn Cremers)
"Weak shareholder rights: A product market rationale", 2007 (with Martijn Cremers, and Vinay Nair)
"Limits of arbitrage and corporate financial policy" 2006. (with Massimo Massa and Zhenxu Tong)
"Why do CEOs increase their equity-based compensation? Because they have to" 2005. (with Massimo Massa and Nishant Dass)
"Stock market performance of family firms" 2006. (with Marcel Corstjens, Ludo van der Heyden)
"Internal and External Capital Markets" 2002. (Dissertation)
Winner of the Trefftz Award for Best Student Paper at the Western Finance Association Meetings, 2001"Lucky CEOs", 2006 (with Lucian Bebchuk, and Yaniv Grinstein)
"Lucky Directors", 2007 (with Lucian Bebchuk, and Yaniv Grinstein)
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Articles in Newspapers
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Op-Ed: "‘Lucky’ Grants Point to a Deeper Governance Malaise"
(with Lucian Bebchuk)
Financial Times, December 18, 2006."Escandalos com esquemas de pagamentos a gestores vao continuar".(Interviewed by Luis Villabos)
Pùblico, May 18, 2007 (p. 18/19).
Ibarra, H., Hansen, M., & Peyer, U. (2010), "Want to Be a Chief Executive? Get an MBA", Financial Times.
Ibarra, H., Hansen, M., & Peyer, U. (2010) 'Why Do MBAs make better CEOs?', Businessweek online.
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Media Mentions
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“Lucky CEOs”, with Lucian Bebchuk, and Yaniv Grinstein. NBER working paper. [6a]
Articles about the study appeared in New York Times, Wall Street Journal, Washington Post, Financial Times, Social Funds, The Guardian, Associated Press, Investment News, Securities Law360, Red Herring, and Los Angeles Times.
Noted in USA Today, Mar 29, 2007, Forbes, Dec 18, 2006, MSNBC, Dec 18, 2006,Houston Chronicle, Dec 18, 2006, and Forbes.com, Aug 14, 2007.“Pay Distribution in the Top Executive Team”, with Lucian Bebchuk, and Martijn Cremers. [8]
Noted in Forbes, March 12, 2007.“The Nature and Persistence of Buyback Anomalies”, with Theo Vermaelen, Review of Financial Studies. [5]
Noted in: Financial Times (Oct. 20, 2006), New York Times (Dec. 3, 2006)“Leverage and Internal Capital Markets: Evidence from Leveraged Recapitalizations”, with Anil Shivdasani, Journal of Financial Economics 59, March 2001, 477-515. [1]
Two summary articles have been published on this paper:- “Why debt can hurt corporate growth”, by Dun Gifford Jr., MIT Sloan Management Review, Spring 2001, Vol. 42, No. 3, p. 18.
- ”Too Little Equity May Breed Myopia”, by Marie Leone, CFO Magazine, September 2001, p. 22.
Contact
Urs Peyer
Professor of Finance, INSEAD
Europe Campus
Boulevard de Constance
F-77305 Fontainebleau Cedex
France
Email: [email protected]
Phone: +33 1 60 72 42 14
Assistant: Lucie Soares
Email: [email protected]
Phone: +33 1 60 72 42 14