Sylvain Champonnois

Assistant Professor of Finance

Sylvain Champonnois received his Ph.D. in economics from Princeton University in 2007. He was a Lamfalussy Fellow at the European Central Bank in 2005. His main research interests are Corporate finance, International finance and Industrial organization. While at Princeton, he has served as a teaching assistant on courses dealing with Corporate finance and accounting, International macroeconomics, and the Regulation of International Financial Markets.

Papers

Comparing Financial Systems: A Structural Analysis
The empirical relation across countries between financial systems and the characteristics of the population of firms is consistent with welfare maximization.

Bank Competition and Development
Bank competition interacts with corporate investment to create virtuous or vicious dynamics.

What Determines the Distribution of Firm Sizes?
In an industry-country panel, industry characteristics explain 3 times more of the differences in firm size distribution than country characteristics.

Work in Progress

The Impact of Financial Integration on Investement and Financing
After financial integration, the larger firms raise more external finance, the smaller firms raise less or no external finance but overall, aggregate investment and welfare increases.

Investment Behavior during a Financial Crisis: New Evidence from International Equity Funds, with Harald Hau, Joel Peress, Massimo Massa and Hélène Rey