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Evren ORS

Associate Professor

Finance

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Biography

Evren ÖRS is an Associate Professor in the Finance Department of HEC Paris. He has obtained his Ph.D. from Boston College in 1999. His main research areas are financial institutions and corporate finance. His current research projects include the impact of banking deregulation on trade, the effects of banking integration on industry growth and M&A activity, the impact of regulation on key employee compensation. He has papers accepted in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Review of Economics and Statistics, Accounting Organizations and Society, Journal of Money Credit and Banking, Journal of Financial Intermediation, Journal of Banking and Finance, Journal of Corporate Finance, among other publications. Between September 2015-August 2017 Evren was the HEC Paris Finance Department's Coordinator. Since December 2015 he is the Academic Director of the HEC Paris Executive Master in Finance and its associated Executive Certificates. He serves as the Academic Liaison between the HEC Paris Finance Department and Executive Education business units. He teaches introductory finance classes at the master's and executive master's levels.

Scientific articles

Financial Constraints and Propagation of Shocks in Production Networks

Review of Economics and Statistics, Mars 2024, vol. 106, n° 2, pp 437-454, (in coll. with B. DEMIR, B. S. JAVORCIK, T. K. MICHALSKI)

Banking Integration and Growth: Role of Banks' Previous Industry Exposure

Journal of Financial Intermediation, January 2022, vol. 49, n° 100944, (in coll. with N. KARAKAYA, T. K. MICHALSKI)

Replacing Key Employee Retention Plans with Incentive Plans in Bankruptcy

Accounting, Organizations and Society, October 2021, vol. 94, n° 101278, (in coll. with V. CAPKUN)

Risk-Based Capital Requirements for Banks and International Trade

Review of Financial Studies, November 2017, vol. 30, n° 11, pp 3970-4002, (in coll. with B. DEMIR-PAKEL, T. K. MICHALSKI)

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

Journal of Financial Economics, September 2017, vol. 125, n° 3, pp 511-536, (in coll. with C. BOISSEL, F. DERRIEN, D. THESMAR)

Performance Gender-Gap: Does Competition Matter ?

Journal of Labor Economics, July 2013, vol. 31, n° 3, pp 443-499, (in coll. with F. Palomino, E.-A. PEYRACHE)

(Interstate) banking and (interstate) trade: Does real integration follow financial integration?

Journal of Financial Economics, April 2012, vol. 104, n° 1, pp 89-117, (in coll. with T. K. MICHALSKI)

The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency

Journal of Money, Credit and Banking, August 2008, vol. 40, n° 5, pp 897-928, (in coll. with D. Evanoff)

Post Mortem on Federal Reserve's Functional Cost Analysis Program: How Useful Was the FCA?

Review of Financial Economics, 2004, vol. 13, n° 1-2, pp 121-148,

Margin Regulation and Market Quality: A Microstructure Analysis

Journal of Corporate Finance, September 2004, vol. 10, n° 4, pp 549-574, (in coll. with G. Alexander, M. Peterson, P. Jo. Seguin)

Proceedings

The Role of Advertising in Commercial Banking

Proceedings of the Federal Reserve Bank of Chicago's 39th Bank Structure and Competition Conference , 2003

Banking Industry Consolidation and Productive Efficiency

Proceedings of the Federal Reserve Bank of Chicago's 37th Bank Structure and Competition Conference , 2001 (D. Evanoff)

Working papers

Financial Constraints and Propagation of Shocks in Production Networks

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2020

U.S. Banking Integration and State-Level Exports

Cahier de Recherche du Groupe HEC , 2014

Subsidies and Firm performance

Mimeo , 2008

Bank Imputed Interest Rates: Unbiased Estimates of Offered Rates?

FRB of Chicago Working Paper , 2006

Advertising and Pricing at Multiple Output Firms: Evidence from U.S. Thrift Institutions

FRB of Chicago Working Paper , 2004

Definitional and Statistical Differences in Imputed and Offered Deposit Rates

Mimeo , 2025

The Role of Advertising in Commercial Banking

Mimeo , 2025

Scientific articles

Financial Constraints and Propagation of Shocks in Production Networks

Review of Economics and Statistics, Mars 2024, vol. 106, n° 2, pp 437-454, (in coll. with B. DEMIR, B. S. JAVORCIK, T. K. MICHALSKI)

Banking Integration and Growth: Role of Banks' Previous Industry Exposure

Journal of Financial Intermediation, January 2022, vol. 49, n° 100944, (in coll. with N. KARAKAYA, T. K. MICHALSKI)

Replacing Key Employee Retention Plans with Incentive Plans in Bankruptcy

Accounting, Organizations and Society, October 2021, vol. 94, n° 101278, (in coll. with V. CAPKUN)

Risk-Based Capital Requirements for Banks and International Trade

Review of Financial Studies, November 2017, vol. 30, n° 11, pp 3970-4002, (in coll. with B. DEMIR-PAKEL, T. K. MICHALSKI)

Proceedings

The Role of Advertising in Commercial Banking

Proceedings of the Federal Reserve Bank of Chicago's 39th Bank Structure and Competition Conference , 2003

Banking Industry Consolidation and Productive Efficiency

Proceedings of the Federal Reserve Bank of Chicago's 37th Bank Structure and Competition Conference , 2001 (D. Evanoff)

Working papers

Financial Constraints and Propagation of Shocks in Production Networks

CESifo_Center for Economic Studies and Ifo Institute for Economic Research , 2020

Education

  • Ph.D. in Finance, Carroll School of Management - Boston College - USA
  • M.S. in Finance, Carroll School of Management - Boston College - USA
  • Master of Business Administration, Middle East Technical University (M.E.T.U.) - Turkey
  • B.S. in Mechanical Eng., Middle East Technical University (M.E.T.U.) - Turkey

Academic appointments

Academic Responsibilities at HEC

  • 2021- Academic Liaison with Exec Ed d'HEC Paris & HEC Paris @ Qatar HEC Paris
  • 2020- Academic Director Executive Certificate in Asset Management HEC Paris
  • 2018- Academic Director Executive Certificate in Valuation HEC Paris
  • 2015- Academic Director, Executive Master in Finance HEC Paris
  • 2003-2008 Assistant Professor HEC Paris

Scientific Activities

Membership in Academic or Professional Organisation

  • Research Affiliate, Centre for Economic Policy Research (CEPR)
  • Member, French Finance Association (AFFI)
  • Member, European Finance Association
  • Member, American Finance Association

Editorial activities

  • Ad hoc referee for the Journal of Finance, Review of Financial Studies, Review of Finance, Journal of Money Credit and Banking, Journal of Financial Intermediation, Journal of Banking Finance, Journal of Financial Services Research, among others.
  • Associate Editor, Journal of Money, Credit and Banking

  • Conference organisation

  • 2022-2022 HEC Paris/Natixis Bank Chair Conference: Banking in the Age of ChallengesHEC Paris/Natixis Bank Chair Conference: Banking in the Age of Challenges
  • 2022-2022 HEC Paris-CEPR Conf on Banking, Finance, Macroeconomics and the Real Economy
  • 2019- 7th HEC Paris Workshop on Banking, Finance, Macroeconomics and the Real Economy
  • 2018-2018 6th HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy
  • 2017- 5th HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy5th HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy
  • 2016- 4th HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy
  • 2015- 3rd HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy
  • 2014- 2nd HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy
  • 2013- 1st HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy1st HEC Paris Workshop on Banking, Finance, Macroeconomics, and the Real Economy
  • 2011-2011 HEC Paris/CEPR/EBC/NYSE-Euronext Conf on Financial Intermediation and The Real Economy
  • 2009- HEC-INSEAD-PSE Workshop in Economics and Finance
  • Member, Conference Program Committees: FMA 2001 and 2002 Annual Meeting ; Southern Finance Association 2000 Meeting