Essec\Faculty\Model\Profile {#2233
#_id: "B00290634"
#_source: array:40 [
"bid" => "B00290634"
"academId" => "1931"
"slug" => "boulland-romain"
"fullName" => "Romain BOULLAND"
"lastName" => "BOULLAND"
"firstName" => "Romain"
"title" => array:2 [
"fr" => "Professeur associé"
"en" => "Associate Professor"
]
"email" => "boulland@essec.edu"
"status" => "ACTIF"
"campus" => "Campus de Cergy"
"departments" => []
"phone" => "+33 (0)1 34 43 37 69"
"sites" => []
"facNumber" => "1931"
"externalCvUrl" => "https://sites.google.com/view/romainboulland"
"googleScholarUrl" => "https://scholar.google.com/citations?user=OlJ_hs0AAAAJ"
"facOrcId" => "https://orcid.org/0000-0001-7291-0861"
"career" => array:3 [
0 => Essec\Faculty\Model\CareerItem {#2232
#_index: null
#_id: null
#_source: array:7 [
"startDate" => "2014-09-01"
"endDate" => "2020-08-30"
"isInternalPosition" => true
"type" => array:2 [
"fr" => "Positions académiques principales"
"en" => "Full-time academic appointments"
]
"label" => array:2 [
"fr" => "Assistant Professor"
"en" => "Assistant Professor"
]
"institution" => array:2 [
"fr" => "ESSEC Business School"
"en" => "ESSEC Business School"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
1 => Essec\Faculty\Model\CareerItem {#2236
#_index: null
#_id: null
#_source: array:7 [
"startDate" => "2020-09-01"
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"isInternalPosition" => true
"type" => array:2 [
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"label" => array:2 [
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"en" => "Associate Professor"
]
"institution" => array:2 [
"fr" => "ESSEC Business School"
"en" => "ESSEC Business School"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
2 => Essec\Faculty\Model\CareerItem {#2239
#_index: null
#_id: null
#_source: array:7 [
"startDate" => "2022-09-01"
"endDate" => "2025-08-31"
"isInternalPosition" => true
"type" => array:2 [
"en" => "Other Academic Appointments"
"fr" => "Autres positions académiques"
]
"label" => array:2 [
"fr" => "Directeur Académique du Master in finance pour le Campus de Cergy et de Singapour"
"en" => "Academic director Ms in Finance"
]
"institution" => array:2 [
"fr" => "ESSEC Business School"
"en" => "ESSEC Business School"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
]
"diplomes" => array:3 [
0 => Essec\Faculty\Model\Diplome {#2235
#_index: null
#_id: null
#_source: array:6 [
"diplome" => "DIPLOMA"
"type" => array:2 [
"fr" => "Diplômes"
"en" => "Diplomas"
]
"year" => "2013"
"label" => array:2 [
"en" => "Ph.D. in Finance"
"fr" => "Ph.D. in Finance"
]
"institution" => array:2 [
"fr" => "Université Paris-Dauphine, PSL"
"en" => "Université Paris-Dauphine, PSL"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
1 => Essec\Faculty\Model\Diplome {#2237
#_index: null
#_id: null
#_source: array:6 [
"diplome" => "DIPLOMA"
"type" => array:2 [
"fr" => "Diplômes"
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"year" => "2010"
"label" => array:2 [
"en" => "M.Sc. Economics and Statistics"
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]
"institution" => array:2 [
"fr" => "L'École nationale de la statistique et de l'administration économique (ENSAE)"
"en" => "L'École nationale de la statistique et de l'administration économique (ENSAE)"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
2 => Essec\Faculty\Model\Diplome {#2234
#_index: null
#_id: null
#_source: array:6 [
"diplome" => "DIPLOMA"
"type" => array:2 [
"fr" => "Diplômes"
"en" => "Diplomas"
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"label" => array:2 [
"en" => "B.Sc. Economics"
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]
"institution" => array:2 [
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"en" => "École Normale Supérieure Paris-Saclay"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
]
"bio" => array:2 [
"fr" => "<p>Romain Boulland’s research interests focus on the effect of media in financial markets and the role played by information intermediaries. His research encompasses the impact of financial communication on firms’ visibility, the strategic timing of earnings release, and the behavioral biases of financial analysts. He teaches corporate finance in the M.Sc. (Grande Ecole) program. He has received in 2019 the Young Researcher Award in Economics from the French financial market regulator (Autorité des Marchés Financiers).</p>"
"en" => "<p>Romain Boulland’s research interests focus on the effect of media in financial markets and the role played by information intermediaries. His research encompasses the impact of financial communication on firms’ visibility, the strategic timing of earnings release, and the behavioral biases of financial analysts. He teaches corporate finance in the M.Sc. (Grande Ecole) program. He has received in 2019 the Young Researcher Award in Economics from the French financial market regulator (Autorité des Marchés Financiers).</p>"
]
"department" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"site" => array:2 [
"fr" => "https://sites.google.com/view/romainboulland"
"en" => "https://sites.google.com/view/romainboulland"
]
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"researchFields" => array:2 [
"fr" => "Finance d'entreprise - Marchés financiers et institutions financières"
"en" => "Corporate Finance - Financial Markets & Institutions"
]
"teachingFields" => array:2 [
"fr" => "Finance d'entreprise"
"en" => "Corporate Finance"
]
"distinctions" => array:5 [
0 => Essec\Faculty\Model\Distinction {#2240
#_index: null
#_id: null
#_source: array:6 [
"date" => "2019-10-30"
"label" => array:2 [
"fr" => "Young Researcher Award, Autorité des Marchés Financiers"
"en" => "Young Researcher Award, Autorité des Marchés Financiers"
]
"type" => array:2 [
"fr" => "Prix"
"en" => "Awards"
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"fr" => null
"en" => null
]
"country" => array:2 [
"fr" => null
"en" => null
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
1 => Essec\Faculty\Model\Distinction {#2241
#_index: null
#_id: null
#_source: array:6 [
"date" => "2015-01-01"
"label" => array:2 [
"fr" => "Best Ph.D. prize, Cercle France-Amériques"
"en" => "Best Ph.D. prize, Cercle France-Amériques"
]
"type" => array:2 [
"fr" => "Prix"
"en" => "Awards"
]
"tri" => " 1 "
"institution" => array:2 [
"fr" => null
"en" => null
]
"country" => array:2 [
"fr" => null
"en" => null
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
2 => Essec\Faculty\Model\Distinction {#2242
#_index: null
#_id: null
#_source: array:6 [
"date" => "2015-01-01"
"label" => array:2 [
"fr" => "Best Ph.D. prize, Chancellerie des Universités de Paris"
"en" => "Best Ph.D. prize, Chancellerie des Universités de Paris"
]
"type" => array:2 [
"fr" => "Prix"
"en" => "Awards"
]
"tri" => " 1 "
"institution" => array:2 [
"fr" => null
"en" => null
]
"country" => array:2 [
"fr" => null
"en" => null
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
3 => Essec\Faculty\Model\Distinction {#2243
#_index: null
#_id: null
#_source: array:6 [
"date" => "2014-01-01"
"label" => array:2 [
"fr" => "Best thesis prize in Corporate Finance, French Finance Association"
"en" => "Best thesis prize in Corporate Finance, French Finance Association"
]
"type" => array:2 [
"fr" => "Prix"
"en" => "Awards"
]
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"institution" => array:2 [
"fr" => null
"en" => null
]
"country" => array:2 [
"fr" => null
"en" => null
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
4 => Essec\Faculty\Model\Distinction {#2244
#_index: null
#_id: null
#_source: array:6 [
"date" => "2014-01-01"
"label" => array:2 [
"fr" => "Best Ph.D. prize of the Fondation Dauphine"
"en" => "Best Ph.D. prize of the Fondation Dauphine"
]
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"fr" => null
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+"parent": Essec\Faculty\Model\Profile {#2233}
}
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"teaching" => array:1 [
0 => Essec\Faculty\Model\TeachingItem {#2238
#_index: null
#_id: null
#_source: array:7 [
"startDate" => "2014"
"endDate" => "2019"
"program" => null
"label" => array:2 [
"fr" => "Three essays on empirical corporate finance"
"en" => "Three essays on empirical corporate finance"
]
"type" => array:2 [
"fr" => "Co-directeur de thèse"
"en" => "Thesis co-director"
]
"institution" => array:2 [
"fr" => "ESSEC Business School"
"en" => "ESSEC Business School"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
}
]
"otherActivities" => []
"theses" => array:1 [
0 => Essec\Faculty\Model\These {#2245
#_index: null
#_id: null
#_source: array:9 [
"year" => "2019"
"startDate" => "2014"
"endDate" => "2019"
"student" => "JIA Xiao"
"firstJob" => "Assistant Professor in Finance - School of Economics, Huazhong University of Science and Technology ("HUST")"
"label" => array:2 [
"fr" => "Three essays on empirical corporate finance"
"en" => "Three essays on empirical corporate finance"
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"en" => "ESSEC Business School"
]
"country" => array:2 [
"fr" => "France"
"en" => "France"
]
]
+lang: "fr"
+"parent": Essec\Faculty\Model\Profile {#2233}
}
]
"indexedAt" => "2024-11-21T06:21:22.000Z"
"contributions" => array:10 [
0 => Essec\Faculty\Model\Contribution {#2247
#_index: "academ_contributions"
#_id: "650"
#_source: array:18 [
"id" => "650"
"slug" => "analysts-stickiness-over-reaction-and-drift"
"yearMonth" => "2018-12"
"year" => "2018"
"title" => "Analysts’ Stickiness, Over-Reaction and Drift"
"description" => "BOULLAND, R. (2018). Analysts’ Stickiness, Over-Reaction and Drift. <i>Finance</i>, 39(1), pp. 35-69."
"authors" => array:1 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
]
"ouvrage" => ""
"keywords" => array:3 [
0 => "Security analysts"
1 => "Investor attention"
2 => "Post-announcement drift"
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://www.semanticscholar.org/paper/Analysts%E2%80%99-stickiness%2C-over-reaction-and-drift-Boulland/a423a74ebe4e0fc4c97d37b6669496839264a281"
"publicationInfo" => array:3 [
"pages" => "35-69"
"volume" => "39"
"number" => "1"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
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"en" => "Scientific journal"
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"fr" => null
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"abstract" => array:2 [
"fr" => "We show that investor underreaction and overreaction to company news (Michaely, Thaler, and Womack, 1995; De Bondt and Thaler, 1985) can be traced back to sell-side analysts’ tendency to delay their stock recommendations for several months. Analysts exhibit stickiness in their stock recommendations because they face reputational concern in changing such recommendations too often and/or difficulties in processing new information. Using a broad set of corporate events, we find that heterogeneity among the population of analysts causes their response to corporate news to be spread over several months. Long-term drift and return reversal following those events can be predicted at different horizons by the fraction of contrarian recommendations, i.e., recommendations that contradict the initial market reception of the news. Together, our findings highlight the role of analysts’ stickiness in shaping long-term stock price reaction to corporate news."
"en" => "We show that investor underreaction and overreaction to company news (Michaely, Thaler, and Womack, 1995; De Bondt and Thaler, 1985) can be traced back to sell-side analysts’ tendency to delay their stock recommendations for several months. Analysts exhibit stickiness in their stock recommendations because they face reputational concern in changing such recommendations too often and/or difficulties in processing new information. Using a broad set of corporate events, we find that heterogeneity among the population of analysts causes their response to corporate news to be spread over several months. Long-term drift and return reversal following those events can be predicted at different horizons by the fraction of contrarian recommendations, i.e., recommendations that contradict the initial market reception of the news. Together, our findings highlight the role of analysts’ stickiness in shaping long-term stock price reaction to corporate news."
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
1 => Essec\Faculty\Model\Contribution {#2249
#_index: "academ_contributions"
#_id: "653"
#_source: array:18 [
"id" => "653"
"slug" => "announcing-the-announcement"
"yearMonth" => "2017-09"
"year" => "2017"
"title" => "Announcing the Announcement"
"description" => "BOULLAND, R. et DESSAINT, O. (2017). Announcing the Announcement. <i>Journal of Banking & Finance</i>, (82), pp. 59-79."
"authors" => array:2 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:1 [
"name" => "DESSAINT O."
]
]
"ouvrage" => ""
"keywords" => array:4 [
0 => "Investor attention"
1 => "Media coverage"
2 => "Earnings announcements"
3 => "Earnings conference call"
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://www.sciencedirect.com/science/article/abs/pii/S0378426617301097?via%3Dihub"
"publicationInfo" => array:3 [
"pages" => "59-79"
"volume" => null
"number" => "82"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
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"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "What drives investors’ attention? We study how far in advance earnings calendars are pre-announced and find that investors are more attentive to earnings news when such details are disclosed well ahead of time. This variation in investors’ attention affects short-run and long-run stock returns, thereby creating incentives for firms to strategically pre-announce the report date on short notice when the earnings news is bad. Consistent with this idea, firms pre-announce their report dates well ahead of time when earnings are good and do it at the very last moment when earnings are bad. A trading strategy that exploits such variations yields abnormal returns of 1.5% per month."
"en" => "What drives investors’ attention? We study how far in advance earnings calendars are pre-announced and find that investors are more attentive to earnings news when such details are disclosed well ahead of time. This variation in investors’ attention affects short-run and long-run stock returns, thereby creating incentives for firms to strategically pre-announce the report date on short notice when the earnings news is bad. Consistent with this idea, firms pre-announce their report dates well ahead of time when earnings are good and do it at the very last moment when earnings are bad. A trading strategy that exploits such variations yields abnormal returns of 1.5% per month."
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
2 => Essec\Faculty\Model\Contribution {#2251
#_index: "academ_contributions"
#_id: "12395"
#_source: array:18 [
"id" => "12395"
"slug" => "news-dissemination-and-investor-attention"
"yearMonth" => "2019-10"
"year" => "2019"
"title" => "News Dissemination and Investor Attention"
"description" => "BOULLAND, R. (2019). News Dissemination and Investor Attention. Dans: Scientific Committee of the Autorité des Marchés Financiers (AMF)."
"authors" => array:1 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
]
"ouvrage" => "Scientific Committee of the Autorité des Marchés Financiers (AMF)"
"keywords" => []
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => null
"publicationInfo" => array:3 [
"pages" => null
"volume" => null
"number" => null
]
"type" => array:2 [
"fr" => "Invité dans une conférence académique (Keynote speaker)"
"en" => "Invited speaker at an academic conference"
]
"support_type" => array:2 [
"fr" => null
"en" => null
]
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"fr" => null
"en" => null
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"abstract" => array:2 [
"fr" => null
"en" => null
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
3 => Essec\Faculty\Model\Contribution {#2248
#_index: "academ_contributions"
#_id: "2101"
#_source: array:18 [
"id" => "2101"
"slug" => "news-dissemination-and-investor-attention"
"yearMonth" => "2017-05"
"year" => "2017"
"title" => "News Dissemination and Investor Attention"
"description" => "BOULLAND, R., DEGEORGE, F. et GINGLINGER, E. (2017). News Dissemination and Investor Attention. <i>Review of Finance (ex European Finance Review)</i>, 21(2), pp. 761-791."
"authors" => array:3 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:1 [
"name" => "DEGEORGE F."
]
2 => array:1 [
"name" => "GINGLINGER E."
]
]
"ouvrage" => ""
"keywords" => array:2 [
0 => "Behavioral Asset Pricing"
1 => "Disclosure"
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://academic.oup.com/rof/article/21/2/761/2670063"
"publicationInfo" => array:3 [
"pages" => "761-791"
"volume" => "21"
"number" => "2"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
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"support_type" => array:2 [
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"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "We examine how investor attention changes when a firm adopts a modern news dissemination technology. We find that after continental European firms begin using an English-language electronic wire service to disseminate company news, they exhibit a stronger initial reaction to earnings surprises, a lower post earnings announcement stock price drift, and an increase in abnormal trading volume near earnings announcements, compared with when they disseminated their news in non-electronic format and in a continental European language. Our results hold for a sub-sample of firms for which the decision to use a wire service was likely exogenous. The effect of wire services on investor attention is due to the format of news (electronic and English-language), not to the increased speed of news transmission."
"en" => "We examine how investor attention changes when a firm adopts a modern news dissemination technology. We find that after continental European firms begin using an English-language electronic wire service to disseminate company news, they exhibit a stronger initial reaction to earnings surprises, a lower post earnings announcement stock price drift, and an increase in abnormal trading volume near earnings announcements, compared with when they disseminated their news in non-electronic format and in a continental European language. Our results hold for a sub-sample of firms for which the decision to use a wire service was likely exogenous. The effect of wire services on investor attention is due to the format of news (electronic and English-language), not to the increased speed of news transmission."
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
4 => Essec\Faculty\Model\Contribution {#2252
#_index: "academ_contributions"
#_id: "1012"
#_source: array:18 [
"id" => "1012"
"slug" => "do-investors-pay-sufficient-attention-to-banks-other-comprehensive-income"
"yearMonth" => "2019-01"
"year" => "2019"
"title" => "Do Investors Pay Sufficient Attention to Banks Other Comprehensive Income?"
"description" => "BOULLAND, R., LOBO, G. et PAUGAM, L. (2019). Do Investors Pay Sufficient Attention to Banks Other Comprehensive Income? <i>European Accounting Review</i>, 28(5), pp. 819-848."
"authors" => array:3 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:1 [
"name" => "LOBO G."
]
2 => array:1 [
"name" => "PAUGAM L."
]
]
"ouvrage" => ""
"keywords" => array:5 [
0 => "Other comprehensive income"
1 => "Available-for-sale securities gains and losses"
2 => "Investor reaction"
3 => "Investor attention"
4 => "Analyst reaction"
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://www.tandfonline.com/doi/abs/10.1080/09638180.2018.1562950?journalCode=rear20"
"publicationInfo" => array:3 [
"pages" => "819-848"
"volume" => "28"
"number" => "5"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "Unrealized gains and losses on available-for-sale securities (AFSGL) are included in Other Comprehensive Income (OCI) and directly affect shareholders’ equity but are not included in earnings. We investigate whether unrealized AFSGL help predict future earnings and whether analysts and investors incorporate the information conveyed by unrealized AFSGL in a timely manner. We conduct our investigation on a sample of banks because unrealized AFSGL are material in the banking industry. First, we show that unrealized AFSGL are material and help in predicting next period realized AFSGL and future earnings change. Second, we document that financial analysts are slow to react to unrealized AFSGL and update their forecasts after AFSGL are realized in earnings. Third, we find that investors are also slow to react to unrealized AFSGL and do so only after AFSGL are included (realized) in earnings and after financial analysts update their forecasts. We document an annual difference of 5% in future abnormal returns between banks in the top and bottom quintiles of past unrealized AFSGL. A zero-cost trading strategy that relies on public information about unrealized AFSGL generates a sizeable monthly alpha that ranges between 1.8% and 1.9%."
"en" => "Unrealized gains and losses on available-for-sale securities (AFSGL) are included in Other Comprehensive Income (OCI) and directly affect shareholders’ equity but are not included in earnings. We investigate whether unrealized AFSGL help predict future earnings and whether analysts and investors incorporate the information conveyed by unrealized AFSGL in a timely manner. We conduct our investigation on a sample of banks because unrealized AFSGL are material in the banking industry. First, we show that unrealized AFSGL are material and help in predicting next period realized AFSGL and future earnings change. Second, we document that financial analysts are slow to react to unrealized AFSGL and update their forecasts after AFSGL are realized in earnings. Third, we find that investors are also slow to react to unrealized AFSGL and do so only after AFSGL are included (realized) in earnings and after financial analysts update their forecasts. We document an annual difference of 5% in future abnormal returns between banks in the top and bottom quintiles of past unrealized AFSGL. A zero-cost trading strategy that relies on public information about unrealized AFSGL generates a sizeable monthly alpha that ranges between 1.8% and 1.9%."
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
5 => Essec\Faculty\Model\Contribution {#2246
#_index: "academ_contributions"
#_id: "14157"
#_source: array:18 [
"id" => "14157"
"slug" => "corporate-websites-a-new-measure-of-voluntary-disclosure"
"yearMonth" => "2022-05"
"year" => "2022"
"title" => "Corporate Websites: A New Measure of Voluntary Disclosure"
"description" => "BOULLAND, R., BOURBEAU, T. et BREUER, M. (2022). Corporate Websites: A New Measure of Voluntary Disclosure. Dans: 44th Annual European Accounting Association Congress 2022. Bergen."
"authors" => array:3 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:1 [
"name" => "BOURBEAU T."
]
2 => array:1 [
"name" => "BREUER M."
]
]
"ouvrage" => "44th Annual European Accounting Association Congress 2022"
"keywords" => []
"updatedAt" => "2023-07-20 01:00:39"
"publicationUrl" => null
"publicationInfo" => array:3 [
"pages" => ""
"volume" => ""
"number" => ""
]
"type" => array:2 [
"fr" => "Communications dans une conférence"
"en" => "Presentations at an Academic or Professional conference"
]
"support_type" => array:2 [
"fr" => null
"en" => null
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => ""
"en" => ""
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
6 => Essec\Faculty\Model\Contribution {#2250
#_index: "academ_contributions"
#_id: "13050"
#_source: array:18 [
"id" => "13050"
"slug" => "speed-and-expertise-in-stock-picking-older-slower-and-wiser"
"yearMonth" => "2023-06"
"year" => "2023"
"title" => "Speed and Expertise in Stock Picking: Older, Slower, and Wiser?"
"description" => "BOULLAND, R., ORNTHANALAI, C. et WOMACK, K.L. (2023). Speed and Expertise in Stock Picking: Older, Slower, and Wiser? <i>Journal of Financial and Quantitative Analysis</i>, 58(4), pp. 1612-1644."
"authors" => array:3 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:1 [
"name" => "ORNTHANALAI Chayawat"
]
2 => array:1 [
"name" => "WOMACK Kent L."
]
]
"ouvrage" => ""
"keywords" => []
"updatedAt" => "2024-10-31 13:51:19"
"publicationUrl" => "https://doi.org/10.1017/S0022109022000199"
"publicationInfo" => array:3 [
"pages" => "1612-1644"
"volume" => "58"
"number" => "4"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "There are significant differences among sell-side analysts in how frequently they revise recommendations. We show that much of this variation is an analyst-individual trait. Analysts who change recommendations more slowly make recommendations that are more influential and generate better portfolio returns. Slower-revising analysts tend to change recommendations following corporate news that are harder to interpret by non-stock experts, and our evidence suggests that their investment value derives from their ability to better interpret hard-to-assess information. On average, analysts change recommendations less frequently as their career progresses; however, recommendation speed-style is the dominant predictor of their recommendation value."
"en" => "There are significant differences among sell-side analysts in how frequently they revise recommendations. We show that much of this variation is an analyst-individual trait. Analysts who change recommendations more slowly make recommendations that are more influential and generate better portfolio returns. Slower-revising analysts tend to change recommendations following corporate news that are harder to interpret by non-stock experts, and our evidence suggests that their investment value derives from their ability to better interpret hard-to-assess information. On average, analysts change recommendations less frequently as their career progresses; however, recommendation speed-style is the dominant predictor of their recommendation value."
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
7 => Essec\Faculty\Model\Contribution {#2253
#_index: "academ_contributions"
#_id: "14263"
#_source: array:18 [
"id" => "14263"
"slug" => "grabbing-investor-attention-with-limited-resources-a-study-of-small-cap-firms-communication-channels"
"yearMonth" => "2023-08"
"year" => "2023"
"title" => "Grabbing Investor Attention with Limited Resources: A Study of Small Cap Firms’ Communication Channels"
"description" => "BOULLAND, R., FILIP, A., GHIO, A. et PAUGAM, L. (2023). Grabbing Investor Attention with Limited Resources: A Study of Small Cap Firms’ Communication Channels. <i>European Accounting Review</i>, In press, pp. 1-29."
"authors" => array:4 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:1 [
"name" => "FILIP Andrei"
]
2 => array:1 [
"name" => "GHIO Alessandro"
]
3 => array:1 [
"name" => "PAUGAM Luc"
]
]
"ouvrage" => ""
"keywords" => array:5 [
0 => "Small cap firms"
1 => "Investor attention"
2 => " Communication channels"
3 => " Social media"
4 => " AIM London"
]
"updatedAt" => "2024-10-31 13:51:19"
"publicationUrl" => "https://doi.org/10.1080/09638180.2023.2242424"
"publicationInfo" => array:3 [
"pages" => "1-29"
"volume" => "In press"
"number" => null
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "This paper examines the communication strategies employed by small cap firms listed on the Alternative Investment Market (AIM) of the London Stock Exchange. These small cap firms have great discretion in choosing their communication channels with investors and evolve in an environment with few information intermediaries. We investigate the use of three communication channels – press releases, conference calls, and social media – specifically surrounding earnings announcements. Our findings indicate that small cap firms utilize these three communication channels infrequently. However, when announcing positive earnings news, small cap firms are more likely to employ these channels, suggesting that firms communicate opportunistically. We find a positive association between the use of communication channels, particularly of social media, and measures of investor attention. Interestingly, while the use of communication channels is associated with positive stock returns surrounding earnings announcements, social media usage prior to earnings announcements is linked to subsequent stock price reversals. These findings provide insights into the communication practices of small cap firms and their implications for investor attention and market efficiency."
"en" => "This paper examines the communication strategies employed by small cap firms listed on the Alternative Investment Market (AIM) of the London Stock Exchange. These small cap firms have great discretion in choosing their communication channels with investors and evolve in an environment with few information intermediaries. We investigate the use of three communication channels – press releases, conference calls, and social media – specifically surrounding earnings announcements. Our findings indicate that small cap firms utilize these three communication channels infrequently. However, when announcing positive earnings news, small cap firms are more likely to employ these channels, suggesting that firms communicate opportunistically. We find a positive association between the use of communication channels, particularly of social media, and measures of investor attention. Interestingly, while the use of communication channels is associated with positive stock returns surrounding earnings announcements, social media usage prior to earnings announcements is linked to subsequent stock price reversals. These findings provide insights into the communication practices of small cap firms and their implications for investor attention and market efficiency."
]
"authors_fields" => array:2 [
"fr" => "Comptabilité et Contrôle de Gestion"
"en" => "Accounting and Management Control "
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
8 => Essec\Faculty\Model\Contribution {#2254
#_index: "academ_contributions"
#_id: "14893"
#_source: array:18 [
"id" => "14893"
"slug" => "overcorrection-the-spillover-effect-of-analysts-learning-after-forced-ceo-departures"
"yearMonth" => "2024-05"
"year" => "2024"
"title" => "Overcorrection: The Spillover Effect of Analysts' Learning after Forced CEO Departures"
"description" => "BOULLAND, R., GASPAR, J.M. et SONG, Y. (2024). Overcorrection: The Spillover Effect of Analysts' Learning after Forced CEO Departures. Dans: 40th International Conference of the French Finance Association (AFFI). Lille."
"authors" => array:3 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:3 [
"name" => "GASPAR José-Miguel"
"bid" => "B00015852"
"slug" => "gaspar-jose-miguel"
]
2 => array:1 [
"name" => "SONG Yujie"
]
]
"ouvrage" => "40th International Conference of the French Finance Association (AFFI)"
"keywords" => []
"updatedAt" => "2024-07-10 01:01:22"
"publicationUrl" => null
"publicationInfo" => array:3 [
"pages" => ""
"volume" => ""
"number" => ""
]
"type" => array:2 [
"fr" => "Communications dans une conférence"
"en" => "Presentations at an Academic or Professional conference"
]
"support_type" => array:2 [
"fr" => null
"en" => null
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => ""
"en" => ""
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
9 => Essec\Faculty\Model\Contribution {#2255
#_index: "academ_contributions"
#_id: "14915"
#_source: array:18 [
"id" => "14915"
"slug" => "overcorrection-the-spillover-effect-of-analysts-learning-after-forced-ceo-departures"
"yearMonth" => "2024-05"
"year" => "2024"
"title" => "Overcorrection: The Spillover Effect of Analysts’ Learning after Forced CEO Departures"
"description" => "BOULLAND, R., GASPAR, J.M. et SONG, Y. (2024). Overcorrection: The Spillover Effect of Analysts’ Learning after Forced CEO Departures. Dans: 46th Annual Congress of the European Accounting Association 2024. Bucharest."
"authors" => array:3 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:3 [
"name" => "GASPAR José-Miguel"
"bid" => "B00015852"
"slug" => "gaspar-jose-miguel"
]
2 => array:1 [
"name" => "SONG Yujie"
]
]
"ouvrage" => "46th Annual Congress of the European Accounting Association 2024"
"keywords" => []
"updatedAt" => "2024-07-10 01:01:23"
"publicationUrl" => null
"publicationInfo" => array:3 [
"pages" => ""
"volume" => ""
"number" => ""
]
"type" => array:2 [
"fr" => "Communications dans une conférence"
"en" => "Presentations at an Academic or Professional conference"
]
"support_type" => array:2 [
"fr" => null
"en" => null
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => ""
"en" => ""
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2024-11-21T06:21:44.000Z"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 7.160437
+"parent": null
}
]
"avatar" => "https://faculty.essec.edu/wp-content/uploads/avatars/B00290634.jpg"
"contributionCounts" => 10
"personalLinks" => array:2 [
0 => "<a href="https://orcid.org/0000-0001-7291-0861" target="_blank">ORCID</a>"
1 => "<a href="https://scholar.google.com/citations?user=OlJ_hs0AAAAJ" target="_blank">Google scholar</a>"
]
"docTitle" => "Romain BOULLAND"
"docSubtitle" => "Professeur associé"
"docDescription" => "Département: Finance<br>Campus de Cergy"
"docType" => "cv"
"docPreview" => "<img src="https://faculty.essec.edu/wp-content/uploads/avatars/B00290634.jpg"><span><span>Romain BOULLAND</span><span>B00290634</span></span>"
"academ_cv_info" => ""
]
#_index: "academ_cv"
+lang: "fr"
+"_type": "_doc"
+"_score": 5.0369525
+"parent": null
}
