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GRESSE Carole
Full professor
Office : E655 - Pôle Universitaire Léonard de Vinci
Website : http://www.carolegresse.com
Current Position - Status
Department of attachment : MSO
Centre of Research : Management (DRM)
Your first responsibility : 3 ()
Education and qualification
Aggregation
- Management Sciences (1999)
Ph.D.
Sciences de gestion (1997 - Paris-Dauphine)Master (Professional) specialty : Grande Ecole ESCP (1991 - ESCP)
Other master (Search) specialty : 104 Finance (1992 - Paris-Dauphine)
Awards
1997: Award of the SBF-Bourse de Paris (Euronext Paris) for the best PhD dissertation in Finance.
1998: Special grant for PhD publication from the French Ministry of National Education and Research.
1998: 'Gaëtan Pirou' Prize of the best PhD dissertation in Economics and Business, awarded by the 'Chancellerie des Universités de Paris'.
2003: Honourable Mention from the jury of the Josseph de la Vega Prize awarded by the FESE (Federation of European Stock Exchanges) on the article 'The Effect of Crossing-Network Trading on Dealer Market's Bid-Ask Spreads'.
2004: ECMI (European Capital Market Institute) research grant (10,000 euros) in support of the making of a short paper on IPOs in Europe, with J.-F. Gajewski.
2004: EIF (Europlace Institute of Finance) research grant (10,000 euros) in support of a project on ETFs and the impact of their inception on financial market quality, in collaboration with researchers from Université Paris-Dauphine, FUCaM, and Université Paris Ouest Nanterre La Défense.
Fields of teaching, research and professionnal competence
Fields of teaching
- Fixed Income Markets
- Asset Pricing
Fields of research
- Market Microstructure
Areas of Expertise
- market liquidity
- market fragmentation
- IPOs
Fields professionnal competence
Number of theses guided and sustained : 2
Number of theses in process : 2
Publications of GRESSE Carole
2012
Articles
- Gresse, Carole ; Deville, Laurent ; De Séverac, Béatrice . Direct and Indirect Effects of Index ETFs on Spot-Futures Pricing and Liquidity : Evidence from the CAC 40 Index. European Financial Management. 2012. Wiley. DOI http://dx.doi.org/10.1111/j.1468-036X.2011.00638.x.
Conference Contributions
- Gresse, Carole ; Bouzouita, Nesrine ; Gajewski, Jean-François . Liquidity Benefits from IPO Underpricing : Ownership Dispersion or Information Effect. 2012 FMA European Conference. Istanbul. Turquie. 2012.
Working Papers
- Gresse, Carole . Effects of Lit and Dark Trading Venue Competition on Liquidity : The MiFID Experience. Université Paris Dauphine . 2012 .
2011
Conference Contributions
- Gresse, Carole . Effects of the Competition between Multiple Trading Platforms on Market Liquidity : Evidence from the MiFID Experience. 2011 FMA Annual Meeting. Denver. Etats-Unis. 2011.
Working Papers
- Gresse, Carole ; De Winne, Rudy ; Platten, Isabelle . Liquidity and Risk Sharing Benefits from the Introduction of an ETF. Université Paris-Dauphine . 2011 .
2010
Book chapters
- Gresse, Carole . Gestion obligataire. Rocchi, Jean-Michel. MBA finance : tout ce qu'il faut savoir sur la finance par les meilleurs professeurs et praticiens. Paris. 2010. pages 523-556.
Conference Contributions
- Gresse, Carole . Multi-Market trading and Market Liquidity: the Post MiFID Picture. 2010 AMF Scientific Advisory Board Conference : How Should Regulators Address Changes in Equity Markets?. Paris. France. 2010.
Working Papers
- Gresse, Carole . L’évolution de la liquidité sur les marchés d’actions depuis l’entrée en vigueur de la Directive sur les Marchés d’Instruments Financiers. Autorité des Marchés Financiers . 2010 .
- Gresse, Carole . Post-MiFID Developments in Equity Market Liquidity. AMF . 2010 .
- Gresse, Carole . Multi-Market Trading and Market Quality. Université Paris-Dauphine . 2010 .
2009
Conference Contributions
- Platten, Isabelle ; Gresse, Carole ; De Winne, Rudy . How does the Introduction of an ETF Market with Liquidity Providers Impact the Liquidity of the Underlying Stocks?. Financial Management Association Annual Meeting. Reno. Etats-Unis. 2009.
Working Papers
- de Séverac, Béatrice ; Gresse, Carole ; Deville, Laurent . Direct and Indirect Effects of Index ETFs on Spot-Futures Mispricing and Illiquidity. Université Paris-Dauphine . 2009 .
2008
Conference Contributions
- Gajewski, Jean-François ; Gresse, Carole . IPO Underpricing, Post-Listing Liquidity, and Information Asymmetry in the Secondary Market. 21st Australasian Finance and Banking Conference. Sydney. Australie. 2008.
2007
Articles
- Gresse, Carole ; Gajewski, Jean-François . Centralised order books versus hybrid order books: a paired comparison of trading costs on NSC (Euronext Paris) and SETS (London Stock Exchange). Journal of Banking and Finance. Volume 31. n° 9. 2007. pages 2906-2924. Elsevier. DOI http://dx.doi.org/10.1016/j.jbankfin.2007.04.015.
- Boutron, Emmanuel ; Gajewski, Jean-François ; Gresse, Carole ; Labégorre, Florence . Are IPOs Still a Puzzle? A Survey of the Empirical Evidence from Europe. Finance. Volume 28. n° 2. 2007. pages 5-41. Association Francaise de Finance.
2006
Articles
- Gresse, Carole . The Effect of Crossing-Network Trading on Dealer Market's Bid-Ask Spreads. European Financial Management. Volume 12. n° 2. 2006. pages 143-160. Blackwell Publishing. DOI http://dx.doi.org/10.1111/j.1354-7798.2006.00314.x.
- Labégorre, Florence ; Gajewski, Jean-François ; Boutron, Emmanuel ; Gresse, Carole . Les procédures d'introduction en Bourse en Europe : évolution des pratiques et perspectives. Revue d'économie financière. n° 82. 2006. pages 99-115. Association d'Economie Financière.
Reports
- Gresse, Carole ; Gajewski, Jean-François . A Survey of the European IPO Market. Centre for European Policy Studies . 2006 .
2005
Conference Contributions
- Gresse, Carole ; Deville, Laurent ; de Séverac, Béatrice . The Introduction of the CAC40 Master Unit and the CAC40 Index Spot-Futures Pricing Relationship. EFMA 2006. Madrid. Espagne. 2006.
2004
Articles
- Gajewski, Jean-François ; Gresse, Carole . A Comparison of Trading Costs on NSC (Euronext) and SETS (London Stock Exchange). Revue Bancaire et Financière. Volume 68. n° 4. 2004. pages 193-199. Editions Larcier.
Conference Contributions
- Gajewski, Jean-François ; Gresse, Carole . Centralised order books versus hybrid order books: a paired comparison of trading costs on NSC (Euronext Paris) and SETS (London Stock Exchange). AFFI (Association Française de Finance). Paris. France. 2004.
2003
Books
- Gresse, Carole ; Fontaine, Patrice . Gestion des risques internationaux. Paris. Dalloz . 2003 . pages 506 . ISBN 2-247-05165-0 .
- Gresse, Carole . Les entreprises en difficulté. Paris. Economica . 2003 . pages 112 . ISBN 2-7178-4694-8 .
2001
Conference Contributions
- Gresse, Carole . The Impact of Crossing on Market Quality : an Empirical Study on the UK Market. AFFI (Association Française de Finance). Paris. France. 2001.
Books
- Gresse, Carole . Fragmentation des marchés d'actions et concurrence entre systèmes d'échange. Paris. Economica . 2001 . pages 234 . ISBN 2-7178-4202-0 .
1998
Articles
- Gresse, Carole ; Jacquillat, Bertrand ; Gillet, Roland . Revisiting the Competition between the International Equity Market of the London Stock Exchange and the Brussels Stock Exchange. Revue de la banque. Volume 7. 1998. pages 375-383. Centre d'études financières.
- Gresse, Carole ; Jacquillat, Bertrand . The Diversion of Order Flow on French Stocks from CAC to SEAQ International : A field Study. European Financial Management. Volume 4. n° 2. 1998. pages 121-142. Oxford Blackwell Publishers.
1994
Book chapters
- Gresse, Carole . Les facteurs déterminant les déformations de la structure à terme des taux. Hamon, Jacques; Jacquillat, Bertrand. Recherche en finance du CEREG. Paris. 1994. pages 257-280.
