Laurent Fresard

Professor of Finance

Swiss Finance Institute Chair
Universita della Svizzera italiana (USI)
Faculty of Economics
Via G. Buffi 13
6900 Lugano, Switzerland
Phone: +41 (058) 666 4491


Google Scholar


Innovation Activities and Integration through Vertical Acquisitions (with G. Hoberg and G. Phillips)
Review of Financial Studies (forthcoming)
Oliver Williamson Award for best paper at the 2015 ISNIE Conference
(Internet Appendix)
Fresard-Hoberg-Phillips vertical Relatedness Data Library

Noisy Stock Prices and Corporate Investment (with O. Dessaint, T. Foucault, and A. Matray)
Review of Financial Studies (2019) 32, 2625-2672
VOXEU column

Corporate Strategy, Conformism, and the Stock Market (with T. Foucault)
Review of Financial Studies (2019) 32, 905-950

(Internet Appendix
VOXEU column

Extending Industry Specialization through Cross-Border Acquisitions (with U. Hege and G. Phillips)
Review of Financial Studies (2017) 30, 1539-1582

What's your Identification Strategy? Innovation in Corporate Finance Research (with D. Bowen and J. Taillard)
Management Science (2017) 63, 2529-2548
Articles classification Data 1965-2012 (xls)

How does Corporate Investment Respond to Increased Entry Threats? (with P.
Review of Corporate Finance Studies, (2016) 5, 1-35 (Editor's Choice)
Tariff data for manufacturing industries (SIC4) - 1974-2005 (zipped file)

Learning from Peers' Stock Prices and Corporate Investment (with T. Foucault) 
Journal of Financial Economics, (2014) 111, 554-577

Regulating Conflicts of Interest: The effects of Sanctions and Enforcement (with M. Dubois and P. Dumontier) 
Review of Finance (2014) 18, 489-52
EFA/RoF Digest

Cross-Listing, Investment Sensitivity to Stock Price and the Learning Hypothesis (with T. Foucault) 
Review of Financial Studies (2012) 25, 3305-3350

The Pernicious Effect of Contaminated Data in Risk Management
(with C. Perignon and A. Wilhilmsson)
Journal of Banking and Finance (2011) 35, 2569-2584

Cash Savings and Stock Price Informativeness 
Review of Finance (2012) 16, 985-1012

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

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

Journal of Finance (2010) 65, 1097-1122

Working Papers

Knowledge Cycles and Corporate Investment (with C. Bustamante and J. Cujean)

Technological Disruptive Potential and the Evolution of IPO and Sell-outs (with D. Bowen and G. Hoberg)

The Revaluation of Industry Assets Following Acquisitions of Public or Private Targets (with F. Derrien, V.Slabik, and P. Valta)

Finance, Talent Allocation, and Growth (with F. D'Acunto)
Internation Banker's article

Does Firm Investment Respond to Peers' Investment? (with C. Bustamante)