请输入您要查询的百科知识：

　

词条 Augustin Landier
释义

  1. Biography

  2. Research

  3. References

  4. External links

{{Use mdy dates|date=May 2018}}Augustin Landier (born in 1974) is a French economist who currently works at the Toulouse School of Economics.[1] His research interests include corporate finance, corporate governance, asset management, organization science, and behavioural economics.[2] In 2014, he was awarded the Prize of the Best Young Economist of France.[3]

Biography

Augustin Landier studied mathematics at the École Normale Supérieure, a French grande école from 1994 to 1998, earning a master's degree in mathematics in 1994 from Paris 6, passing his agrégation therein in 1995, and earning two Master of Advanced Studies in the philosophy of science and economics, respectively, from Paris 1 in 1996 and from EHESS in 1998. Thereafter, he studied at the Massachusetts Institute of Technology, where he earned a PhD in economics in 2002. After his graduation, he became an assistant professor of finance at the Graduate School of Business of the University of Chicago (2002–04) before moving to the New York University's Stern School of Business and directing Old Lane LP, founding Ada Investment Management, and researching at the International Monetary Fund. In 2009, Landier returned to France, where he has been working as full professor at the Toulouse School of Economics. Additionally, he is a member of the Scientific Council of the Banque de France, a consultant for the ECB, and has repeatedly been a member of the Council of Economic Analysis, the French Council of Economic Advisers.[4]

Landier has been awarded several prizes for his research, including the Robert Solow Prize, the Edouard Bonnefous Prize and the Rossi Prize by the Académie des Sciences Morales et Politiques, and the Prize of the Best Young Economist in France by Le Monde and the Cercle des Économistes.[5]

Research

Augustin Landier's research interests include corporate finance, corporate governance, asset management, organization science, and behavioural economics.[6] According to IDEAS/RePEc, he is among the top 4% of economists by research output.[7] Key findings of his research include the following:

  • Landier and Xavier Gabaix develop a model wherein heterogeneous CEOs are matched to firms through competitive assignment and a CEO's pay depends on the size of his firm and the total firm size, resulting in small differences in CEO talent commanding large differences in pay, which in turn explains all of the sixfold increase of U.S. CEO pay between 1980 and 2003.[8]
  • Landier and Olivier Blanchard find that French reforms that allowed firms to hire workers on fixed-term contracts substantially increased turnover, especially in entry-level jobs, without substantially decreasing unemployment duration.[9]
  • Landier and David Thesmar find that short-term debt is robustly correlated with "optimistic" expectation errors, reflecting that optimistic entrepreneurs are likely to prefer short-term debt since it allows them to take a bet on their projects' success and to let investors impose adaptation decisions in bad states.[10]
  • Landier, Gabaix and Alex Edmans develop a theory explaining the level and sensitivity of CEO pay in competitive markets by embedding a moral hazard problem into a talent assignment model; based on the theory, they argue that firm size is associated with lower shares of firm ownership and is unrelated to the quotient of dollar change in wealth per percentage change in firm value and annual pay, and that incentive pay is effective at solving certain agency problems with multiplicative impacts on firm value, whereas problems with additive impacts are better addressed through direct monitoring.[11]
  • Landier, Viday Nair and Julie Wulf find that geographically dispersed firms are less employee-friendly, that layoffs of divisional employees are less common the nearer their division is located to the corporate headquarter, and that firms to divest out-out-state entities before in-state, suggesting key roles for the ease of information transfer and social factors.[12]

References

1. ^[https://www.tse-fr.eu/people/augustin-landier Faculty profile of Augustin Landier on the website of the Toulouse School of Economics. Retrieved April 18, 2018.]
2. ^[https://sites.google.com/site/augustinlandier/ Homepage of Augustin Landier. Retrieved April 18, 2018.]
3. ^Le Cercle des économistes (May 26th, 2014). Augustin Landier, prix du meilleur jeune économiste 2014. Le Monde. Retrieved April 18, 2018.
4. ^[https://drive.google.com/file/d/0B3F4h5ACTrb5dTZpd3Azb1FWbzQ/view Curriculum vitae of Augustin Landier. Retrieved April 18th, 2018.]
5. ^[https://drive.google.com/file/d/0B3F4h5ACTrb5dTZpd3Azb1FWbzQ/view Curriculum vitae of Augustin Landier. Retrieved April 18th, 2018.]
6. ^[https://sites.google.com/site/augustinlandier/ Homepage of Augustin Landier. Retrieved April 18th, 2018.]
7. ^[https://ideas.repec.org/top/top.person.all.html#pla423 Ranking of economists registered on IDEAS/RePEc. Retrieved April 18th, 2018.]
8. ^[https://academic.oup.com/qje/article-abstract/123/1/49/1889842 Gabaix, X., Landier, A. (2008). Why has CEO Pay Increased So Much? Quarterly Journal of Economics, 123(1), pp. 49–100.]
9. ^[https://onlinelibrary.wiley.com/doi/full/10.1111/1468-0297.00047 Blanchard, O., Landier, A. (2002). The Perverse Effects of Partial Labour Market Reform: Fixed-Term Contracts in France. Economic Journal, 112(480), pp. F214-F244.]
10. ^[https://academic.oup.com/rfs/article-abstract/22/1/117/1586882 Landier, A., Thesmar, D. (2009). Financial Contracting with Optimistic Entrepreneurs. Review of Financial Studies, 22(1), pp. 117–150.]
11. ^[https://academic.oup.com/rfs/article-abstract/22/12/4881/1574895 Edmans, A., Gabaix, X., Landier, A. (2008). A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium. Review of Financial Studies, 22(12), pp. 4881–4917.]
12. ^[https://academic.oup.com/rfs/article-abstract/22/3/1119/1578237 Landier, A., Nair, V.B., Wulf, J. (2009). Trade-offs in Staying Close: Corporate Decision Making and Geographic Dispersion. Review of Financial Studies, 22(3), pp. 1119–1148.]

External links

[https://sites.google.com/site/augustinlandier/ Homepage of Augustin Landier]

{{DEFAULTSORT:Landier, Augustin}}

7 : 1974 births|French economists|Financial economists|Academics of the Toulouse School of Economics|Massachusetts Institute of Technology alumni|École Normale Supérieure alumni|Living people
随便看

　

开放百科全书收录14589846条英语、德语、日语等多语种百科知识，基本涵盖了大多数领域的百科知识，是一部内容自由、开放的电子版国际百科全书。

　

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间：2024/11/12 13:58:41