Laurent Fresard

 

Assistant Professor of Finance

 

Robert H. Smith School of Business

University of Maryland

4414 Van Munching Hall

College Park, MD 20742

Email: lfresard[at]rhsmith.umd.edu

Phone: 301-405-9639

 

Curriculum Vitae

 

 

 

Publications

 

Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings

Journal of Finance (2010) 65, 1097-1122

 

The Value of Excess Cash and Corporate Governance: Evidence from U.S. Cross-Listings (with C. Salva) 

Journal of Financial Economics (2010) 98, 359-384

 

Cash Savings and Stock Price Informativeness   

Review of Finance (2012) 16, 985-1012

 

The Pernicious Effect of Contaminated Data in Risk Management (with Christophe Perignon and Anders Wilhilmsson)

Journal of Banking and Finance (2011) 35, 2569-2584

 

Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis (with Thierry Foucault) 

Review of Financial Studies (2012) 25, 3305-3350

 

Regulating Conflicts of Interest: The effects of Sanctions and Enforcement (with Michel Dubois and Pascal Dumontier)

Review of Finance (2014) 18, 489-526

 

Learning from Peers' Stock Prices and Corporate Investment (with Thierry Foucault) 

Journal of Financial Economics, (2014) 111, 554-577

 

 

 

Working Papers

 

Corporate Strategy, Conformism, and the Stock Market (with Thierry Foucault) NEW

 

Extending Industry Specialization and Intangibles through Cross-Border Acquisitions (with Uli Hege and Gordon Phillips) 

(Internet Appendix)

 

What's your Identification Strategy? Innovation in Corporate Finance Research (with Don Bowen and Jerome Taillard)

Revisions requested at Management Science

 

Innovation Activities and the Incentives for Vertical Acquisitions and Integration (with Gerard Hoberg and Gordon Phillips)

"Oliver Williamson Award for best paper at the 2015 ISNIE Conference (Harvard)"

(Internet Appendix)

 

How does Corporate Investment Respond to Increased Entry Threats? (with Philip Valta)

 

Is There a Cross-Listing Discount? (with Carolina Salva)

 

 

Data

 

Tariff data for manufacturing industries (SIC4) - 1974-2005 (zipped file)

 

Identification in Corproate Finance - Articles classification 1965-2012 (xls)