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TÉDONGAP Roméo

Department : Finance
Professor
Campus de Cergy

Contact

Biography

Professor of finance at ESSEC Paris, Roméo TÉDONGAP is an academic expert specialized in financial market analysis, financial modeling, risk management, asset allocation and behavioral finance. With more than twelve years of experience in research, teaching graduate courses, managing programs, and mentoring graduate students in finance, he speaks at various leading international seminars and conferences in economics, finance, and risk management. He also has a solid consulting experience in the banking sector, particularly in microfinance, as well as for higher education institutions in Africa.

Roméo TÉDONGAP has several publications in highly-ranked scientific journals in finance, statistics and econometrics. He was the co-winner of the best article award at the annual meetings of the European Financial Management Association (EFMA) in 2013. Graduate (PhD) from the University of Montreal (Canada) and winner of the best thesis award in economics in 2008, he also holds an engineering degree in statistics and economics from the ENSEA of Abidjan (Côte d'Ivoire). His doctoral thesis was funded, among others, by the Montreal Institute of Mathematical Finance (IFM2) and the Centre for Interuniversity Research in Quantitative Economics (CIREQ).

His current work focuses on the measurement, modeling, and rationalization of asymmetry, both in asset prices and in investors’ attitudes towards risk in the presence of macroeconomic uncertainty and systemic changes, as well as the impact of such asymmetries on asset prices and investment decisions. These systemic changes range from those caused by economic and financial crises to those resulting from phenomena such as climate change, or events such as migrations, pandemics, etc. Many applications are related to the evaluation of ultra-long investments such as public infrastructure, climate, and energy transition. Roméo TÉDONGAP also demonstrates a strong research interest in the attractiveness of African stock markets and its impact on economic development and growth.

 

Diplomas

  • 2008 : Ph.D. in Economics (Université de Montréal, Canada )
  • 2003 : Engineer’s degree in Statistics and Quantitative Economics (École Nationale Supérieure de Statistique et d'Économie Appliquée (ENSEA), Côte d'Ivoire )
  • 2000 : Bachelor’s degree in Mathematics, Specialization: Computer Science (University of Dschang, Cameroon )

Career

    Full-time academic appointments

    • 2017 - Present : Professor (ESSEC Business School, France)
    • 2016 - 2017 : Associate Professor (ESSEC Business School, France)
    • 2013 - 2015 : Associate Professor (Stockholm School of Economics, Sweden)
    • 2007 - 2013 : Assistant Professor (Stockholm School of Economics, Sweden)

    Other Academic Appointments

      • 2016 - Present : Associate Researcher, Energy and Commodity Finance – Research Center (ESSEC Business School, France)
      • 2019 : Visiting Professor (University of Dschang, Cameroon)
      • 2018 : Visiting Professor (University of Dschang, Cameroon)
      • 2017 : Visiting Professor (Goethe University Frankfurt, Germany)
      • 2012 - 2015 : Research Associate (Swedish House of Finance, Sweden)
      • 2013 : Research visit (Edhec Business School, France)
      • 2013 : Research visit (J. Mack Robinson College of Business, Georgia State University, United States of America)
      • 2011 : Research visit (Edhec Business School, France)
      • 2011 : Research visit (INSEAD, France)
      • 2010 : Research Visit (East Carolina University, United States of America)
      • 2009 : Research visit (Escola de Pós-Graduacao em Economia, Fundacao Getulio Vargas (EPGE/FGV), Brazil)
      • 2009 : Research visit, Economics Department (Duke University, United States of America)
      • 2008 : Research visit (Fuqua School of Business, United States of America)
      • 2004 - 2006 : Research Assistant, CIRANO and CIREQ (Université de Montréal, Canada)
      • 2006 : Lecturer (Université de Montréal, Canada)

    Professional appointments

    • 2002 : Internship, National Institute of Economic Analysis (National Institute of Economic Analysis, Morocco)

Awards

  • 2013 : EFMA Best Conference Paper Award at the 2013 Annual Conference of the European Financial Management Association
  • 2008 : Honors' list of the Dean of the faculty of graduate and postdoctoral studies (Université de Montréal, Canada)
  • 2008 : Université de Montréal’s 2008 best PhD thesis award in Economics (Université de Montréal, Canada)

Grants

  • 2020 : EUTOPIA PhD Co-tutelle Program 2020; Co-applicant: Philippe Mueller
  • 2019 : LABEX MME DII funding for a thematic semester on nonstandard investment choices; Co-applicant: Andrea Roncoroni (France)
  • 2017 : ANR (The French National Research Agency) grant for the project LONGTERMISM on the valuation of extra-long investments; Co-applicants: Christian Gollier, René Garcia and Nour Meddahi (Agence Nationale pour la Recherche (ANR), France)
  • 2013 : Vinnova Grant for Research on Financial Stability and Regulation, dedicated to an umbrella of projects involving the Swedish House of Finance and Sveriges RiksBank; Co-applicants: Laurent Bach, Michael Halling, Bige Kahraman, Paolo Sodini, Roine Vestman, Ulf von Lilienfeld-Toal
  • 2010 : Scholarships for Short-Term Research Visits, November 2010 (two weeks), October – November 2011 (one month), November-December 2011 (one month) (Stockholm School of Economics, Sweden)
  • 2007 : Wallander Scholarships; July 2010 to June 2013 Wallander Scholarships; July 2007 to June 2010
  • 2003 : Ph.D. Fellowship, CIREQ (Université de Montréal, Canada)
  • 2000 : Scholarship, French Government, ENSEA (Côte d'Ivoire)
  • 1999 : Fellowship, Ministry of Higher Education (University of Dschang, Cameroon)

Journal articles

Presentations at an Academic or Professional conference

Teaching

  • 2018 Downside Risk in Asset Pricing and Portfolio Choice ( University of Dschang Cameroon)
  • 2017 Downside Risk in Asset Pricing and Portfolio Choice ( Goethe University Frankfurt Germany)
  • 2017 - Present : Financial Markets (Grande Ecole - Master in Management ESSEC Business School France)
  • 2016 - Present : Advanced Derivatives Markets (Advanced Financial Modeling) (Master in Finance ESSEC Business School France)
  • 2016 - Present : Asset Pricing I (PHD (MS BAR + PhD) ESSEC Business School France)
  • 2016 - Present : Financial Markets (Master in Finance ESSEC Business School France)
  • 2016 Financial Markets (Grande Ecole - Master in Management ESSEC Business School France)
  • 2016 Stochastic Processes and their Applications in Asset Pricing (PHD (MS BAR + PhD) ESSEC Business School France)
  • 2010 - 2015 : Empirical Asset Pricing (PHD (MS BAR + PhD) Stockholm School of Economics Sweden)
  • 2009 - 2015 : Quantitative Modeling of Asset Prices ( Stockholm School of Economics Sweden)
  • 2007 - 2009 : Discrete Time Asset Pricing ( Stockholm School of Economics Sweden)
  • 2006 Techniques of Economic Analysis ( Université de Montréal Canada)
  • 2004 Introductory Macroeconomics ( Université de Montréal Canada)

Tutoring

  • 2019 - 2020 : The Role of Financial Markets in Ecological Transition (Apprenticeship tutoring)
  • 2016 - 2017 : Overnight Investment: Risk and Reward (Mentoring)
  • 2015 - 2016 : Prospect Theory (Mentoring)
  • 2014 - 2015 : Investor Sentiment and Development of Strategic Emerging Industries in Shenzhen (Supervision of dissertation)
  • 2014 - 2015 : Market Reaction to SEOs by European Banks in the Recent Financial Crisis (Supervision of dissertation)
  • 2014 - 2015 : Market reactions to early called elections: A study investigating the announcement impact of snap elections on the European equity index market in 2014 (Supervision of dissertation)
  • 2012 - 2013 : Derivative Market: Efficient Option Pricing Models and Predictive Informational Content (Supervision of dissertation)
  • 2012 - 2013 : Long-run expected consumption and volatility risk and the cross-section of asset returns (Supervision of dissertation)
  • 2012 - 2013 : Think on the Downside: Multifactor Asset Pricing Models Based on Downside Risk and their Performance Relative to the CAPM, FF3F and Momentum (Supervision of dissertation)
  • 2011 - 2012 : Anticipated Shocks and their Impact on Expectations – An Event Study of the Impact of TIPS auctions on ZCIIS (Supervision of dissertation)
  • 2011 - 2012 : Idiosyncratic Higher-Order Moments and the Cross-Section of Stock Returns (Supervision of dissertation)
  • 2011 - 2012 : Inter-Asset Class Volatility – A Forward Looking Measure Rooted in Investors’ Realities (Supervision of dissertation)
  • 2011 - 2012 : Parliamentary Elections Impact on Stock Market Returns – An event study investigating the impact of European parliamentary elections on short-term stock market performance (Supervision of dissertation)
  • 2011 - 2012 : The Implied Probability Distribution – A Study of Swedish Equity Index Options (Supervision of dissertation)
  • 2011 - 2012 : Total Performance Implications of Divestitures Depending on Timing in Divestiture Waves (Supervision of dissertation)
  • 2010 - 2011 : Financial Information Relevance with Stock Return and Return Disparity Study: Case for China A-H Dual-listed Companies (Supervision of Research UV)
  • 2010 - 2011 : Safe Haven Assets – the Role of Precious Metals in Preserving Wealth (Supervision of dissertation)
  • 2010 - 2011 : Wide Spread Trade – Can Terms of Trade Explain Sovereign CDS Spreads? (Supervision of dissertation)
  • 2009 - 2010 : Can the Endogenization of Regimes Lead to Improved Forecasting of the UIP? (Supervision of dissertation)
  • 2009 - 2010 : Downside Risk, Upside Uncertainty and Portfolio Selection (Supervision of dissertation)
  • 2009 - 2010 : Style Timing in the European Equity Markets – Recursive Modeling for Directional Predictions of Size and Value Premiums (Supervision of dissertation)
  • 2008 - 2009 : Analyst Recommendations across Sectors – Analyzing the performance of analyst coverage of stocks publicly traded on the Stockholm Stock Exchange (Supervision of dissertation)
  • 2008 - 2009 : Are Financial Ratios Rational? – A Study on the Swedish Market (Supervision of dissertation)
  • 2008 - 2009 : Multifactor Stochastic Volatility Models – A Practical Approach (Supervision of dissertation)
  • 2007 - 2008 : Effects of Allegations of Corporate Misconduct on Share Value – A Study on the Swedish Market (Supervision of dissertation)

Services

  • 2016 - Present : Department of Finance PhD Selection Committee Member, ESSEC Business School, France
  • 2018 - 2021 : ESSEC PhD Committee Member, ESSEC Business School, France
  • 2018 - 2021 : Head of Specialization and PhD Program Coordinator in Finance, ESSEC Business School, France
  • 2016 - 2018 : Asset Pricing Reading Group Co-Coordinator, ESSEC Business School, France
  • 2014 - 2015 : Head of Specialization and PhD Program Coordinator in Finance, Stockholm School of Economics, Suède
  • 2008 - 2014 : Department of Finance MSc Exchange Program ECTS coordinator, Stockholm School of Economics, Suède
  • 2012 - 2013 : Asset Pricing Reading Group Coordinator, Stockholm School of Economics, Suède
  • 2009 - 2012 : Department of Finance Recruiting Coordinator, Stockholm School of Economics, Suède

Research activities

    Senior or Associate Editor

  • 2017 - Present : Quarterly Journal of Finance and Accounting (formerly Quarterly Journal of Business and Economics)
  • Editorial Board Membership

  • 2017 Quarterly Journal of Finance and Accounting (formerly Quarterly Journal of Business and Economics)
  • Reviewer for a journal

  • Reviewer for Journal of Banking and Finance; Journal of Business and Economic Statistics; Journal of Econometrics; Journal of Finance; Journal of Financial Econometrics; L'Actualité Économique; Quarterly Review of Economics and Finance; Review of Economic Studies; Review of Finance (ex European Finance Review); Review of Financial Studies; Revue Economique; The European Journal of Finance
  • Organization of a conference or a seminar

  • 2016 - 2018 : Brownbag Finance Seminar Series Co-Organizer, ESSEC Business School, France
  • 2015 René Garcia’s 65th Anniversary Conference, Montreal, August 16, 2015, Canada
  • 2008 - 2010 : Friday Finance Seminar Series Organizer, Stockholm School of Economics, Suède
  • Participation in scientific commissions or reviewer for a conference

  • 2016 - Present : Scientific committee of European Finance Association
  • 2016 - Present : Scientific committee of Midwest Finance Association
  • 2015 - 2016 : Scientific committee BI-SHoF Conference: Stockholm June 3-4, 2016, Suède
  • 2015 Scientific committee BI-SHoF Conference: Oslo June 5-6, 2015, Finlande

Theses

  • 2020 : BUCHWALTER B. (ESSEC Business School), Thesis director, First placement: Assistant Professor of Finance at SKEMA Business School, Paris, France
  • 2019 : ZHANG Y. (HEC Paris), Thesis referee
  • 2018 : EKPONON A. B. (HEC Montréal), Thesis referee
  • 2017 : LI B. (University of Melbourne), Thesis referee
  • 2016 : LOPEZ-ALIOUCHKIN R. (Stockholm School of Economics), Thesis co-director, First placement: Assistant Professor of Finance at Syracuse University, Martin J. Whitman School of Management, New York, USA
  • 2016 : von Ganske Jakob (Edhec Business School), Thesis referee
  • 2016 : Moumouni Zoulkiflou (Université de Montpellier), Thesis referee
  • 2014 : Breckenfelder Johannes (Stockholm School of Economics), Thesis co-director, First placement: Economist, European Central Bank, Frankfurt, Germany
  • 2014 : Farago Adam (Stockholm School of Economics), Thesis director, First placement: Assistant Professor of Finance at the University of Gothenburg, School of Business, Economics and Law, Gothenburg, Sweden
  • 2013 : Almeida Cybele (Edhec Business School), Thesis referee
  • 2013 : Augustin Patrick (Stockholm School of Economics), Thesis director, First placement: Assistant Professor of Finance at McGill University, Desautels Faculty of Management, Montreal, Canada