Professeur Associé
Finance
Corporate Finance
Corporate Social Responsibility
Climate Change
Behavioral Finance
Alexandre Garel et chercheur et enseignant en Finance à Audencia Business School. Sa recherche porte sur la finance d'entreprise, la finance comportementale, les régulations financières françaises, les conséquences de la pandémie, et l'incorporation des enjeux climatiques et ESG dans les décisions des dirigeants et la valorisation des actifs financiers. Il a par ailleurs occupé la fonction de conseiller scientifique pour divers acteurs du monde de la finance. Après un master en études économiques européennes au Collège d'Europe, il a obtenu son doctorat en finance en 2016 (ESCP Europe - Université Paris 1 Panthéon-Sorbonne).
GAREL, A., PETIT-ROMEC, A. (2021). Financial Reforms. A Modern Guide to Financial Shocks and Crises. Edward Elgar Publishing.
GAREL, A. (2022). Finance comportementale. Quand la musique rythme l'evolution des cours de Bourse. Courrier International.
GAREL, A. (2022). Huit ans apres le bilan mitige de la loi Florange. The Conversation.
GAREL, A. (2022). Why being sad is good for ESG. Bloomberg.
GAREL, A. (2022). Bourse : la dépression saisonnière fait de vous un investisseur plus responsable. Les Echos.
GAREL, A. (2021). Mood, music and money: what our Spotify playlists reveal about the emotional nature of financial markets. The Conversation.
GAREL, A. (2020). Quel sens donner à la chute des cours de bourse pendant la crise du Covid-19 ?. The Conversation.
GAREL, A. (2020). Investors reward environmental responsibility in the COVID-19 crisis. voxeu.org.
GAREL, A. (2019). Effets réels de la présence des investisseurs de long terme dans les entreprises cotées. Réalités Industrielles.
Forthcoming
BOURVEAU, T., GAREL, A., PETER JOOS, P., PETIT-ROMEC, A. (2022) . 'When Attention Is Away, Analysts Misplay: Distraction and Analyst Forecast Performance, Review of Accounting Studies 1-43
GAREL, A., FRANÇOIS DERRIEN, F., PETIT-ROMEC, A., JEAN-PHILIPPE WEISSKOPF, J. (2022) . Online Reputation and Debt Capacity, Journal of Financial and Quantitative Analysis
2022
DODD, O., FRIJNS, B., GAREL, A. (2022) . Cultural Diversity Among Directors and Corporate Social Responsibility , International Review of Financial Analysis, 83 (October 2022), Article N°102337
SEAN FOLEY, S., FRIJNS, B., GAREL, A., TAI-YONG ROH, T. (2022) . Who buys Bitcoin? The Cultural Determinants of Bitcoin Activity, International Review of Financial Analysis, 84 (November 2022), 102385
ALEX EDMANS, A., ADRIAN FERNANDEZ-PEREZ, A., GAREL, A., IVAN INDRIAWAN, I. (2022) . Music Sentiment and Stock Returns Around the World, Journal of Financial Economics, 145 (2 - Part A), 234-254
ADRIAN FERNANDEZ-PEREZ, A., GAREL, A., IVAN INDRIAWAN, I. (2022) . In the mood for sustainable funds?, Economics Letters, 217 (August 2022), Article N° 110691
GAREL, A., ARTHUR PETIT-ROMEC, A., VANDER VENNET, R. (2022) . Institutional Shareholders and Bank Capital, Journal of Financial Intermediation, 50 (April 2022), Article N° 100960
BOURVEAU, T., BROCHET, F., GAREL, A. (2022) . The Capital Market Consequences of Tenure-Based Voting Rights: Evidence from the Florange Act, Management Science, 68 (12), 9107–9128
GAREL, A., PETIT-ROMEC, A. (2022) . CEO Exposure to Abnormally Hot Temperature and Corporate Carbon Emissions, Economics Letters, 210 (January 2022), Article N° 110156
2021
GAREL, A., PETIT-ROMEC, A. (2021) . The Resilience of French Companies to the COVID-19 Crisis, Finance, 42 (2021/3), 99-137
CAPELLE-BLANCARD, G., DEROZIERS, A., GAREL, A., ARTHUR PETIT-ROMEC, A. (2021) . L'investissement socialement responsable. Changement structurel et faux-semblant, Revue Française de Gestion, 2021/7 (300), 61-99
GAREL, A., PETIT-ROMEC, A. (2021) . Engaging Employees for the Long-Run: Long-Term Investors and Employee-Related CSR, Journal of Business Ethics, 174 (1), 35-63
FRIJNS, B., GAREL, A. (2021) . The Effect of Cultural Distance between an Analyst and a CEO on Analysts’ Earnings Forecast Performance, Economics Letters, 205 (August 2021), Article N° 109957
GAREL, A., PETIT-ROMEC, A. (2021) . Investor Rewards to Environmental Responsibility: Evidence from the COVID-19 Crisis , Journal of Corporate Finance, 68 (June 2021), Article N° 101948
GAREL, A., MOUSSU, C., OHANA, S., PETIT-ROMEC , A. (2021) . Does Analyst Coverage Impede Long-Term Investments? Evidence from Health and Safety Programs, Comptabilité Contrôle Audit, 27 (2021/2), 41-73
GAREL, A., MARTÍN-FLORES, J., PETIT-ROMEC, A., SCOTT AYESHA, A. (2021) . Institutional Investor Distraction and Earnings Management , Journal of Corporate Finance, 66 (February 2021), Article N° 101801
ABDUL NOURY, A., ABEL FRANÇOIS, F., OLIVIER GERGAUD, O., GAREL, A. (2021) . How does COVID-19 affect electoral participation? evidence from the French municipal elections, PLOS ONE
GAREL, A., LE PENDEVEN, B. (2021) . Calendar effects and crowdfunded projects, Economics Bulletin, 41 (3), 1407-1417
GAREL, A. (2021) . La Bourse au rythme de la musique, Harvard Business Review
2020
GAREL, A., MARTÍN-FLORES, J., ARTHUR PETIT-ROMEC, A. (2020) . Stock Market Listing and the Persistence of Bank Performance across Crises, Journal of Banking and Finance, 118 (September 2020), Article n° 105885
FERNANDEZ-PEREZ, A., GAREL, A., INDRIAWAN, I. (2020) . Music sentiment and stock returns, Economics Letters, 192 (July 2020), article n° 109260
GAREL, A., PETIT-ROMEC, A. (2020) . Investor Horizons and Employee Satisfaction: A test of the long-term perspective vision of CSR, Economics Bulletin, 40 (1), 765-781
ADRIAN FERNANDEZ-PEREZ, A., GAREL, A., IVAN INDRIAWAN, I. (2020) . Natural gas storage forecast s: Is the crowd wiser?, Energy Journal, 41 (5), 213-238
2019
CHEN, J., GAREL, A., ALIREZA TOURANI-RAD, A. (2019) . The value of academics: Evidence from academic independent director resignations in China, Journal of Corporate Finance, 58 393-414
2018
GAREL, A., REROLLE, J. (2018) . Fundamental Investors Reduce the Distraction on Management from Random Market “Noise”: Evidence from France, Journal of Applied Corporate Finance, 30 (1), 62-69
2017
GAREL, A. (2017) . Myopic market pricing and managerial myopia, Journal of Business Finance and Accounting, 44 (9-10), 1194-1213
GAREL, A. (2017) . WHEN OWNERSHIP STRUCTURE MATTERS: A REVIEW OF THE EFFECTS OF INVESTOR HORIZON ON CORPORATE POLICIES, Journal of Economic Surveys, 31 (4), 1062-1094
GAREL, A., ARTHUR PETIT-ROMEC, A. (2017) . Bank capital in the crisis: It's not just how much you have but who provides it, Journal of Banking and Finance, 75 152-166
PhD in Finance
ESCP Europe Business School, France (2016)
Postgraduate Master Degree in European Economics
College of Europe, Belgique (2012)