GASPAR José-Miguel

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.

• 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)

Positions académiques principales

• 2010 - présent : Professeur (ESSEC Business School, France)
• 2006 - 2010 : Professeur associé (ESSEC Business School, France)
• 2003 - 2006 : Professeur assistant (ESSEC Business School, France)

Autres positions académiques

• 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)

• 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)

• 2008 : Bourse, Europlace Institute of Finance
• 2005 : Bourse, Inquire Europe
• 1999 - 2002 : Bourse, Fundação para a Ciência e Tecnologia Fellowship

• 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.

• 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.

• GASPAR, J.M. and CARRICK, A.M. (2010). Legrand: a chance LBO. ESSEC Business School.
• GASPAR, J.M. and BURLACU, M. (2008). Plenium Service Informatique. ESSEC Business School.

• ESPOSITO VINZI, V. and GASPAR, J.M. (2016). « Je suis un chercheur ; je ne suis pas capable de parler de tout et n’importe quoi. ». Monde des Grandes Écoles Universités Le Magazine.