CV (pdf - english) - crese - Université de Franche

Catherine REFAIT-ALEXANDRE
Law, Politics, Economics and Business Department
University of Franche-Comté
45 avenue de l’Observatoire, 25000 Besançon, France
[email protected]
http://crese.univ-fcomte.fr/catherine_refait.html
ACADEMIC POSITIONS
Full professor of Financial Economics,
Law, Politics, Economics and Business Department, University of Franche-Comté,
France, since 2009
Full professor of Financial Economics,
Economics Department, University of Lille North of France, 2004-2009
Associate Professor of Financial Economics,
Economics Department, University Paris Dauphine, 2001-2004
EDUCATION & AWARD
French national full professorship exam in economics, 2004
Award “Best Ph.D. dissertation André Isoré”, 2002
Ph. D., University Paris 1 Panthéon-Sorbonne, 2001, with honors.
Dissertation: Banking relationships, asymmetric information and firms’ bankruptcy risk.
M. Sc. in Money, Banking and Finance, University Paris 1 Panthéon Sorbonne, 1996
RESEARCH FIELDS
Financial microeconomics, corporate finance, banking
Banking regulation, banking transparency, banking relationships, syndicated loans, corporate
disclosure, corporate bankruptcy, default prediction
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RESEARCH ACTIVITIES
Submitted papers
Refait-Alexandre C. and Serve, S. "Multiple banking relationships: do SMEs mistrust their
banks?"
Publications in peer-reviewed journals
Alexandre H., Guillemin F. and C. Refait-Alexandre (forthcoming) "Crise de la dette
souveraine dans l’Union Européenne : transparence des banques et spreads de CDS"
("Disclosure, banks CDS spreads and the European sovereign crisis"), Revue Economique
Farvaque E. and C. Refait-Alexandre (2016) "Les exigences de transparence imposées par
les accords de Bâle : Aubaine ou fardeau pour les pays émergents ?" ("Implementing Basel
Framework's Transparency Requirements in Emerging Countries: Bane or Boon? ")
,MondesenDéveloppement,n°173,p.131-147
Alexandre H., K. Bouaiss and C. Refait-Alexandre (2014) "Banking relationships and
syndicated loans during the 2008 financial crisis", Journal of Financial Services Research,
vol. 46, p. 99-113
Duhamel J.-C., B. Fasterling and C. Refait-Alexandre (2014) "La recherche de légitimité par
la conformité aux codes de gouvernance - Une analyse des déclarations de conformité des
sociétés françaises du SBF 120" ("Seeking legitimacy through complying with corporate
governance codes - An analysis of ‘comply or explain’ disclosures by companies in the
French SBF 120"), Management et Avenir, Vol. n°69, p. 31-50
Farvaque E., C. Refait-Alexandre and L. Weill (2012) "Are Transparent banks more
efficient?: Evidence from Russia", Eastern European Economics, Vol. 50, no 4, p. 63-81
Farvaque E., C. Refait-Alexandre and D. Saïdane (2011) "Corporate disclosure: A review of
its (direct and indirect) benefits and costs" International Economics, Vol. 128, 4, p. 5-32
Duhamel J.-C., B. Fasterling and C. Refait-Alexandre (2009) "La transparence : outil de
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conciliation de la finance et du management ?" (“Transparency: a way to reconcile finance
and management?”), Revue Française de Gestion, Vol. 35, n°198-199, p. 59-75
Bouaiss K. and C. Refait-Alexandre (2009) "La structure des crédits syndiqués comme défense
contre les problèmes informationnels – une analyse empirique sur le marché français"
("Syndicated loans structure: A protection against asymmetric information? An empirical
analysis on the French market”), Finance, Contrôle et Stratégie, Vol. 12, n°2, p. 35-68
Refait C. (2005) "Soutien financier ou mise en faillite de l'entreprise ? Comprendre la
décision de la banque" ("Debt renegotiation or liquidation? How banks choose”), Finance,
Contrôle et Stratégie, Vol. 8, n° 1, p. 131-157
Refait C. (2004) "La prévision de la faillite fondée sur l'analyse financière de l'entreprise :
un état des lieux" ("Corporate default prediction: A review”), Économie et Prévision, n°162
2004-1, p. 129-147
Refait C. (2003) "La multibancarité des entreprises : choix du nombre de banques et choix du
nombre de banques principales", ("Multiple banking relationships: Choice of the number of
main banks and choice of the number of banks"), Revue Économique, vol. 54, n°3, p. 649-661
Refait C. (2002) "Les asymétries d'information influencent-elles le choix de la banque
principale entre soutien et mise en faillite de l’entreprise ? Une vérification empirique par un
modèle Probit" ("Debt renegotiation or liquidation: does asymmetric information between
banks and firms matter?"), Banque et Marché, n°59, p. 6-17
Refait C. (2000) "Estimation du risque de défaut par une modélisation stochastique du bilan :
application à des firmes industrielles françaises" ("Default Risk Estimation and Stochastic
Calculus: Application to French Industrial Firms"), Finance, vol 21, n°2, p.103-129
Other publications
Duhamel J.-C., E. Farvaque, C. Refait-Alexandre and D. Saïdane (2010) "Les obligations
légales de transparence des sociétés cotées en France sont-elles souhaitables ?" ("Should
mandatory disclosure be enhanced for French public companies?"), Banque & Stratégie,
n°287, pages 36-45.
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Working papers
Refait-Alexandre C. and S. Serve "Multiple banking relationships: do SMEs mistrust their
banks?", Working Paper CRESE, n° 2016-02.
Alexandre H., F. Guillemin and C. Refait-Alexandre "Disclosure, banks CDS spreads and the
European sovereign crisis", Working Paper CRESE, n° 2015-10.
Book chapters
Refait-Alexandre C. (2013) "Les justifications théoriques de la réglementation bancaire"
("Theoretical justifications for banking regulation") in Banque et Intermédiation Financière,
2nde édition, sous la direction d’Hervé Alexandre, Economica, p. 151-183.
Refait-Alexandre C. (2012) "Les justifications théoriques de la réglementation bancaire"
("Theoretical justifications for banking regulation") in Banque et Intermédiation Financière,
sous la direction d’Hervé Alexandre, Economica, p. 109-134.
Refait-Alexandre C. (2011) "La valeur de l’information communiquée" ("The value of disclosed
information") in Transparence et gouvernance : une relecture, Helinia éd., p. 111-114.
Works in progress
Alexandre H., C. Refait-Alexandre and L. Wall "Did the Federal Reserve help European
banks to survive? "
Conferences (since 2008)
2015 FMA Annual Meeting, Orlando, Florida, USA, October 2015
22nd Annual Conference of the Multinational Finance Society, Halkidiki, Greece, June 2015
32nd Symposium on Money, Banking and Finance, Nice, juin 2015
32èmes JMA, Montpellier juin 2015
31st Symposium on Money, Banking and Finance, Lyon, juin 2014
31st International French Finance Association Conference, Aix-en-Provence, mai 2014
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29th Symposium on Money, Banking and Finance, Nantes, juin 2012
Symposium on Money, Banking and Finance, Reading, UK, 2011
EBEN Research Conference, Dublin, Ireland, 2011
60th annual meeting of the Midwest Finance Association, Chicago (IL), USA, 2011
International Atlantic Economic Conference, Charleston (NC), USA, 2010
Symposium on Money, Banking and Finance, Bordeaux, France, 2010
International Atlantic Economic Conference, Prague, Czech Republic, 2010
CONTRACTS AND RESEARCH ANIMATION
Research Contracts
Direction of research contracts:
"Transparency and Information Disclosure in Corporate Governance", University of Lille
North of France and ANR (French National Research Agency)
Participation to research contracts:
"Private equity and distinction between shareholder and creditor", University of Lille North of
France
"Performance of financial investments in Europe", University of Dauphine and Observatoire
Européen de l’épargne.
"Valuation of banks default risk”, University of Paris 1 Panthéon Sorbonne and Banque de
France
Director
Head of the axe of research « Money, Banking and Finance » – CRESE – University
Franche-Comté, since 2015
Conferences organization
Member of the Scientific Committee: Symposium on Money, Banking and Finance since 2011
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Clermont-Ferrand (France) July 2016, Nice (France) June 2015, Lyon (France) June 2014,
Poitiers (France) June 2013, Nantes (France) June 2012, Reading (UK) June 2011,
Member of the Oganization Committee : Symposium on Money, Banking and Finance, Lille,
France, 2006
Member of the Scientific Committee: International Paris Finance Meeting, Paris, France, since
2010
Member of the Selection Committee: 60th annual meeting of the Midwest Finance Association,
Chicago (IL), USA, 2011
Workshops organization
Organization of the workshop Systemic Risk: New Approaches And New Challenges, Besançon,
France, 2015
Organization of the workshop Return to financial stability, Paris, France, 2013
Member of the Scientific Committee of the workshop Liquidity, Crisis, Regulation, Toulouse,
France, 2013
Organization of the workshop Economics of banking: where are we headed?, Paris, France, 2011
Organization of the workshop Subprimes crisis and banks bailout in Europe, Lille, France, 2009
Organization of the workshop Banking sector restructuring in Europe, Lille, France, 2007
EDITORIAL ACTIVITIES
Editorishop
Editorial board member: Lahore Journal of Business since 2012
Scientific board member: Bankers, Markets and Investor’s 2007-2013
Refereeing
Journal of Banking and Finance ; Journal of Small Business Management ; Revue
Économique ; Finance
Revue Internationale des PME ; Finance, Contrôle et Stratégie ; Économie et Prévision ;
Journal of International Development ; Emerging Market Review
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Revue d’Economie Financière ; Review of Agricultural and Environmental Studies ;
Brussels Economic Review ; Applied Financial Economics
Economic Notes ; Emerging Markets Finance and Trade Journal ; Journal des Economistes
et des Etudes Humaines ; African Journal of Business Management
PH.D. SUPERVISION AND PH.D. COMMITTEES
Ph.D. Supervision
François Guillemin, Banking transparency and financial stability, since 2012
Habilitation Supervision
François Cochard, December 2015, University of Franche-Comté
PhD and habilitation committees
19 PhD committees and 5 habilitation committees: Universities of Aix-Marseille, LilleNorth of France, Paris Panthéon-Sorbonne, Paris Dauphine, Lyon 2, Caen, Limoges,
Bourgogne, Franche-Comté, Paris Ouest Nanterre La Défense (France)
EXPERTISE ACTIVITIES
Regular expert for the French National Evaluation Agency of Research and Higher
Education (AERES), Evaluation of masters in economics in French universities
Expert for the French National Research Agency (ANR)
TEACHING AND PEDAGOGIC ACTIVITIES
Director of the Master program in Economics “Banking”, since 2012, Université de
Franche-Comté
Director of the Master of Science in Economics, 2009-2012, Université de Franche-Comté
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Teaching: Corporate Finance, Market Finance, Risk Management, Banking System,
Monetary Market
ADMINISTRATIVE ACTIVITIES
Member of the Administration Council, University of Franche-Comté, 2015/2016
Member of the Faculty Council of the Law, Politics, Economics and Business Department,
Université de Franche-Comté, since 2010
Member of the Doctoral Council Louis Pasteur, Université de Franche- Comté, 2009-2011
Member of the Doctoral Council EDOCIF, Université Paris Dauphine, 2002-2004
President of the Recruiting Committee, Université de Franche-Comté
Member of Recruiting committees: Université de Bourgogne, Université de Strasbourg,
Université Lille North of France, Université Paris Dauphine
TEACHING
University of Franche Comté
Banking Regulation (Master 2)
Financial Risk Management (Master 2)
Portofolio Theory (Master 1)
Banks and Financial Intermediation (Master 1)
Risk and Incertinity (Undergraduate Third Year)
Financial System (Undergraduate Third Year)
Banking in European Union (Undergraduate Third Year)
University Paris 1 Panthéon-Sorbonne
Economics of Banking (Master 2)
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