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Biography

Johan Hombert is a Professor of Finance at HEC Paris. He graduated from Ecole Polytechnique in Paris and holds a PhD in Economics from the Toulouse School of Economics. His research interests are life insurance, and the financing of entrepreneurship and innovation. His research has been published in the top finance and economics journal such as American Economic Review, Journal of Finance, Review of Financial Studies, Journal of Financial of Economics, Review of Financial Studies. In 2021, he was awarded a prestigious European Research Council Consolidator Grant to study long-term savings and European life insurers.

Scientific articles

Working papers

Scientific articles

Equilibrium Pricing and Trading Volume under Preference Uncertainty

Review of Economic Studies, October 2014, vol. 81, n° 4, pp 1401-1437, (in coll. with B. BIAIS, P. O. WEILL)

Overcoming Limits of Arbitrage: Theory and Evidence

Journal of Financial Economics, January 2014, vol. 111, n° 1, pp 26-44, (in coll. with David THESMAR)

Upsteam competition with vertically integrated firms

Journal of Industrial Economics, february, 3 2011, vol. 59, n° 4, pp 677-713, (in coll. with M. Bourreau, J. Pouyet, N. Schutz)

Working papers

Trading and liquidity with limited cognition

Mimeo , 2010

Limits of Limits of Arbitrage: Theory and Evidence

Mimeo , 2009

Optimal Financial Structure and Asset Prices

Mimeo , 2025

Solvency Shocks, Liquidity Shocks, and Fire Sales

Mimeo , 2025

Education

  • Ph.D. in Economics, Toulouse School of Economics - France
  • MS in Economics, École d'économie de Paris (Paris School of Economics) - France
  • Graduate Diploma in Economics and Statistics, Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE) - France
  • B.S. in Applied Mathematics and Economics, Ecole Polytechnique - France

Academic appointments

Academic Responsibilities at HEC

  • 2022- Professor HEC Paris
  • 2021- Associate Dean of the Ph.D. Program HEC Paris
  • 2018-2020 Department Head, Finance HEC Paris

Scientific Activities

Editorial activities

  • Reviewer, Journal of Finance, Econometrica, Review of Financial Studies, Review of Economic Studies, Review of Finance, Review of Economics and Statistics, American Economic Review, Quarterly Journal of Economics

  • Conference organisation

  • 2019-2019 Organizer of the 8th Annual HEC Paris Workshop on Entrepreneurship
  • Awards & honors

    • 2016 2016 Best Young Researcher in Finance Award
    • 2015 Prix du Chercheur de l'annee 2015, Fondation HEC
    • 2015 Laureat du Prix EIF 2015 du meilleur papier en finance
    • 2014 Young Researcher in Economics Prize 2014