GASPAR José-Miguel
Contact
- email : gaspar@essec.edu
- tél : +33 (0)1 34 43 33 74
Biographie
José Miguel Gaspar is an active researcher in the field of empirical corporate finance. He teaches Corporate Financial Management, Mergers and Acquisitions, and Private Equity in several masters and graduate programs. He has been nominated one of the “Top Ten Professors” in the ESSEC Foundation 2015 and 2016 Teaching awards. His research interests focus on the link between ownership structures, incentives, and firm performance. His work has been published in the Journal of Financial Economics, the Journal of Finance, the Journal of Financial and Quantitative Analysis, the Review of Finance, and the Journal of Business. His paper on Secondary Buyouts has received the 2015 Syntec Conseil en Management award for Best Academic Paper in the Finance/Strategy category. José Miguel has also received research grants from institutions such as Inquire Europe and Europlace. José-Miguel holds a Ph.D in Finance from INSEAD.
Diplômes
- 2004 : Ph.D. en Finance (INSEAD, France )
- 1998 : M. Sc. Management (Nova School of Business and Economics, Portugal )
- 1996 : MBA (Nova School of Business and Economics, Portugal )
- 1995 : B.Sc. avec Mention (Licenciatura) Economie (Nova School of Business and Economics, Portugal )
Carrière
- 2010 - présent : Professeur (ESSEC Business School, France)
- 2006 - 2010 : Professeur associé (ESSEC Business School, France)
- 2003 - 2006 : Professeur assistant (ESSEC Business School, France)
- 2015 - 2021 : Doyen associé de la Recherche (ESSEC Business School, France)
- 2004 - 2010 : Chaire ESSEC Private Equity (ESSEC Business School, France)
- 2004 - 2010 : Co-Président du Département Finance de l'ESSEC (ESSEC Business School, France)
- 2017 : Conférencier Invité (Université de Genève, Suisse)
- 2006 - 2015 : Conférencier Invité, Programme PhD, (2006, 2008, 2012, 2014, 2015) (University of Mannheim, Allemagne)
- 2010 - 2011 : Chercheur Invité (Boston College, États-Unis)
- 1995 - 1998 : Assistant d'Enseignement (Universidade Nova de Lisboa, Portugal)
Positions académiques principales
Autres positions académiques
Prix
- 2015 : Prix Syntec de la Recherche en Management dans la catégorie Finance & Strategie pour leur article "Fund Managers under Pressure: Rationale and Determinants of Secondary Buyouts,” Journal of Financial Economics (co-écrit avec Z. Fluck et U. Hege).
- 2015 - 2016 : “Top Dix des Professeurs Préférés”, Fondation ESSEC Prix de l'Enseignement, 2015 et 2016 (Fondation ESSEC, France)
Bourses
- 2008 : Bourse, Europlace Institute of Finance
- 2005 : Bourse, Inquire Europe
- 1999 - 2002 : Bourse, Fundação para a Ciência e Tecnologia Fellowship
Articles
- ARCOT, S., FLUCK, Z., HEGE, U. and GASPAR, J.M. (2015). Fund Managers under Pressure: Rationale and Determinants of Secondary Buyouts. Journal of Financial Economics, 115(1), pp. 102-135.
- GASPAR, J.M., MASSA, M., MATOS, P., PATGIRI, R. and REHMAN, Z. (2013). Payout Policy Choices and Shareholder Investment Horizons. Review of Finance (ex European Finance Review), 17(1), pp. 261-320.
- GASPAR, J.M. (2012). The Performance of French LBO Firms: New Data and New Results. Finance, 33(2), pp. 7-60.
- GASPAR, J.M. and MASSA, M. (2011). The Role of Commonality Between CEO and Divisional Managers in Internal Capital Markets. Journal of Financial and Quantitative Analysis, 46(3), pp. 841-869.
- GASPAR, J.M. (2009). Horizons d'investissement des actionnaires. Causes, conséquences et implications pour la pratique managériale. Revue Française de Gestion, 198(8-9), pp. 77-93.
- GASPAR, J.M. and MATOS, P. (2006). Favoritism in Mutual Fund Families? Evidence on Strategic Cross-fund Subsidization. Journal of Finance, 61(1), pp. 73-104.
- GASPAR, J.M. and MASSA, M. (2006). Idyosincratic Volatility and Product Market Competition. Journal of Business, 79(6), pp. 3125-3152.
- GASPAR, J.M., MASSA, M. and MATOS, P. (2005). Shareholder Investment Horizons and the Market for Corporate Control. Journal of Financial Economics, 76(1), pp. 135-165.
Communications dans une conférence
- GASPAR, J.M. and WANG, S. (2016). Short Sales Manipulation and Product Market Relationships. In: 10th X Luso-Brazilian Finance Meeting.
- GASPAR, J.M. and WANG, S. (2016). Short Sales Manipulation and Product Market Relationships. In: 4th Annual HEC Paris Workshop on "Banking, Finance, Macroeconomics and the Real Economy.
- ARCOT, S., FLUCK, Z., HEGE, U. and GASPAR, J.M. (2014). Fund Managers under Pressure: Rationale and Determinants of Secondary Buyouts. In: 41st Annual Meeting of the European Finance Association (EFA).
- ARCOT, S., FLUCK, Z., HEGE, U., U., Z. and GASPAR, J.M. (2013). Fund Managers Under Pressure: Rationale and Determinants of Secondary Buyouts. In: 6th Private Equity Findings Symposium: The Private Equity Model: Still Fit for Purpose?
- ARCOT, S., FLUCK, Z., HEGE, U., U., Z. and GASPAR, J.M. (2013). Fund Managers under Pressure: Rationale and Determinants of Secondary Buyouts. In: Entrepreneurship Working Group Meeting.
Etudes de cas déposées
Articles ou vidéos de vulgarisation
Activités professionnelles
- 2011 - 2020 : Expert évaluateur expert pour A3ES (Agence Portuguaise Pour l'Evaluation et l'Accreditation de l'Education Supérieure)
- 1996 - 1998 : Analyste Consultant sur des projets d'évaluation financière et d'analyses d'investissement pour des projets en collaboration avec l'Universidade Nova et des entreprises privées. Parmi les clients figuraient un émetteur de carte de crédit majeur et sa société holding, un opérateur historique dans le domaine de l'énergie (pétrole et gaz) au Portugal.
- 1994 - 1995 : Analyste / Ecrivain, dans une société étudiante de recherches et d'études sur les marchés et la demande pour des entreprises et institutions publiques et privées.
Membre d'une association professionnelle, d'un groupe d'experts ou d'un conseil d'administration
Consulting
Activités de recherche
- Relecteur pour Journal of Corporate Finance; Journal of Empirical Finance; Journal of Finance; Journal of Financial Economics; Management Science; Review of Corporate Finance Studies; Review of Financial Studies
- 2010 : 2nde Conférence ESSEC sur le Capital Investissement (70 propositions, 13 articles), ESSEC Business School, France
- 2008 : 1ère Conférence ESSEC sur le Capital Investissement (36 propositions, 9 articles), ESSEC Business School, France
- 2008 - 2020 : Arbitrage occasionnel lors de rencontres EFA
Reviewer pour un journal
Organisation d'une conférence ou d'un séminaire
Participation au comité scientifique d'une conférence ou reviewer pour une conférence
Thèses
- 2019 : JIA Xiao (ESSEC Business School), Co-directeur de thèse, Premier poste : Assistant Professor in Finance - School of Economics, Huazhong University of Science and Technology ("HUST")
- 2018 : WANG Sumingyue (ESSEC Business School), Directeur de thèse, Premier poste : Assistant Professor - Shangai University of Finance and Economics (SHUFE)
- 2016 : Karakaya Neslihan (HEC Paris), Membre de jury
- 2016 : Rosu Alina (HEC Paris), Membre de jury
- 2016 : Stolin David (Toulouse Business School (TBS)), Membre de jury
- 2016 : Despinoy Gérard (Université Paris Dauphine), Membre de jury
- 2015 : Pires Pedro (Nova School of Business and Economics), Membre de jury
- 2013 : Hong Jieying (Toulouse School of Economics), Membre de jury
- 2005 : Vieira Elisabete (ISCTE Business School), Membre de jury