Recent Publications

Shrestha, P., Collewaert, V., & Thewissen, J. (2026). Institutional background in crowdfunding: trust, signals, and backers’ decisions. Small Business Economics : an entrepreneurship journal, -, -. https://doi.org/10.1007/s11187-026-01209-4 (Original work published 2026)

Thewissen, J., Shrestha, P., Arslan‐ayaydin, Ö., & Beibei, Y. (2026). Topics That Matter: ESG Reports and Information Asymmetry. Journal of Financial Research, 1-54. https://doi.org/10.1111/jfir.70053 (Original work published 2026)

Vrins, F. (2026). On the distribution of the integral of a function with respect to a Brownian bridge. Journal of Computational and Applied Mathematics, 477, 117-174. (Original work published 2026)

Vrins, F. (2026). Joint pricing of default-free and defaultable claims in a reduced-form model featuring a martingale part. European Journal of Operational Research, 329(1), 180-197. https://doi.org/10.1016/j.ejor.2025.09.043 (Original work published 2026)

Asimit, V., Chen, Z., & Lassance, N. (2026). Distribution-free shrinkage of high-dimensional mean vector. Journal of Business and Economic Statistics. Accepted/in-press. (Original work published 2026)

Barbagli, M., François, P., Gauthier, G., & Vrins, F. (2025). The role of CDS spreads in explaining bond recovery rates. Journal of Banking & Finance, 174, 107414. https://doi.org/10.1016/j.jbankfin.2025.107414 (Original work published 2025)

D’Hondt, C., Petitjean, M., El Hichou, Y., & et al. (2025). Uncovering the profile of passive exchange-traded fund retail investors. Finance : revue de l’Association française de finance. Accepted/in-press. https://doi.org/10.3917/fina.pr.040 (Original work published 2025)

Distaso, W., Roccazzella, F., & Vrins, F. (2025). Business cycle and realized losses in the consumer credit industry. European Journal of Operational Research, 323(3), 1024-1039. https://doi.org/10.1016/j.ejor.2024.12.026 (Original work published 2025)

Kallal, S. (2025). Is fiscal countercyclicality growth enhancing? Evidence from developing countries over the period 1990–2019. Journal of Economic Asymmetries, 32, e00416. https://doi.org/10.1016/j.jeca.2025.e00416 (Original work published 2025)

Desagre, C., Laly, F., & Petitjean, M. (2025). Revisiting the trading activity of high-frequency trading firms around ultra-fast flash events. Financial Innovation, 11, 68. https://doi.org/10.1186/s40854-024-00726-z (Original work published 2025)

Degryse, H., De Winne, R., Gresse, C., & Payne, R. (2025). Duplicated Orders, Swift Cancellations, and Fast Market Making in Fragmented Markets. Management science. Accepted/in-press. https://doi.org/10.1287/mnsc.2023.01789 (Original work published 2025)

Candelon, B., & Roccazzella, F. (2025). Evaluating Inflation Forecasts in the Euro Area and the Role of the ECB. Journal of Forecasting, 44(3), 978-1008. https://doi.org/10.1002/for.3235 (Original work published 2025)

Bellofatto, A., Broihanne, M.-H., & D’Hondt, C. (2025). Financial knowledge acquisition and trading behavior: empirical evidence from an online information tool. Financial Markets and Portfolio Management, 39, 1-45. https://doi.org/10.1007/s11408-024-00459-0 (Original work published 2025)

Kan, R., & Lassance, N. (2025). Optimal Portfolio Choice with Fat Tails and Parameter Uncertainty. Journal of Financial and Quantitative Analysis, 60(8), 3753-3790. (Original work published 2025)

Lassance, N., Vanderveken, R., & Vrins, F. (2025). Optimal Portfolio Size under Parameter Uncertainty. Journal of Financial and Quantitative Analysis. Accepted/in-press. (Original work published 2025)

Germain, A., & Vrins, F. (2025). Credit selection in collateralized loan obligation: Efficient approximation through linearization and clustering. European Journal of Operational Research. Accepted/in-press. https://doi.org/10.1016/j.ejor.2025.11.015 (Original work published 2025)

Ben Naceur, S., Candelon, B., Elekdag, S., & Emrullahu, D. (2025). Is FinTech Eating The Bank’s Lunch? Journal of International Financial Management and Accounting. Accepted/in-press. https://doi.org/10.1111%2Fjifm.12242 (Original work published 2025)

Mugrabi Otero, F., Belkhir, M., Naceur, S., Candelon, B., & Choi, W. G. (2025). Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter? Emerging Markets Review. Accepted/in-press. https://doi.org/10.1016/j.ememar.2025.101397 (Original work published 2025)

Petitjean, M. (2024). L’impératif d’une dépolitisation et d’une évaluation systématique de la gouvernance publique. La Libre. Accepted/in-press. (Original work published 2024)

D’Hondt, C., De Winne, R., & Todorovic, A. (2024). Target return as efficient driver of risk-taking. Review of Behavioral Finance, 16(1), 130-166. https://doi.org/10.1108/RBF-09-2022-0216 (Original work published 2024)

Kan, R., Lassance, N., & Wang, X. (2024). The distribution of sample mean-variance portfolio weights. Random Matrices: Theory and Applications, 13(1), 2450002. https://doi.org/10.1142/S2010326324500023 (Original work published 2024)

Petitjean, M. (2024). Capitalisme de connivence contre capitalisme de la libre entreprise. L’Écho : le quotidien de l’économie et de la finance. Accepted/in-press. (Original work published 2024)

Mazza, P., Petitjean, M., & Tohlukov, A. (2024). Financial Performance and The Legal Landscape: An International Study of Controversial Business Activities. Economics, Management, and Financial Markets, 19(2), 60-86. https://doi.org/10.22381/emfm19220244 (Original work published 2024)

Feilian Xia, Thewissen, J., Shrestha, P., & Shrestha, P. (2024). The power of a name: Exploring the relationship between ICO name fluency and investor decision making. International Review of Financial Analysis, 93, 103142. https://doi.org/10.1016/j.irfa.2024.103142 (Original work published 2024)

Candelon, B., Joëts, M., & Mignon, V. (2024). What makes econometric ideas popular: The role of connectivity. Research Policy, 53(7), 105025. https://doi.org/10.1016/j.respol.2024.105025 (Original work published 2024)

Lassance, N., Martín-Utrera, A., & Simaan, M. (2024). The Risk of Expected Utility under Parameter Uncertainty. Management science, 70(11), 7644-7663. (Original work published 2024)

Petitjean, M. (2024). Notre mémoire collective est un rempart contre les minorités prosélytes. La Libre. Accepted/in-press. (Original work published 2024)

Plotkina, D., Hoffmann, A. O. I., Roger, P., & D’Hondt, C. (2024). Gender vs. personality: The role of masculinity in explaining cognitive style. Journal of Behavioral and Experimental Finance, 44. https://doi.org/10.1016/j.jbef.2024.100995 (Original work published 2024)

Lassance, N., Vanderveken, R., & Vrins, F. (2024). On the Combination of Naive and Mean-Variance Portfolio Strategies. Journal of Business and Economic Statistics, 42(3), 875-889. (Original work published 2024)

Algieri, B., Iania, L., Leccadito, A., & Meloni, G. (2024). Message in a bottle: Forecasting wine prices. Journal of Wine Economics, 19, 64-91. https://doi.org/10.1017/jwe.2024.3 (Original work published 2024)

De Bondt, W., De Winne, R., & D’Hondt, C. (2024). Measuring speculation beyond day trading and bets on lottery-like stocks. International Review of Financial Analysis, 96(A), 103632. https://doi.org/10.1016/j.irfa.2024.103632 (Original work published 2024)

Candelon, B., & Moura, R. (2024). A Multicountry Model of the Term Structures of Interest Rates with a GVAR. Journal of Financial Econometrics, 22(5), 1558-1587. https://doi.org/10.1093/jjfinec/nbae008 (Original work published 2024)

Petitjean, M. (2024). La concentration du marché des actions doit-elle nous effrayer? L’Écho : le quotidien de l’économie et de la finance. Accepted/in-press. (Original work published 2024)

Hafner, C., & Wang, L. (2024). Dynamic portfolio selection with sector-specific regularization. Econometrics and Statistics, 32, 17-33. https://doi.org/10.1016/j.ecosta.2022.01.001 (Original work published 2024)

Ansaram, K., & Petitjean, M. (2024). A Global Perspective on the Nexus Between Energy and Stock Markets in Light of the Rise of Renewable Energy. Energy Economics, 131, 107406. https://doi.org/10.1016/j.eneco.2024.107406 (Original work published 2024)

D’Hondt, C., Roger, P., Hoffmann, A., & Plotkina, D. (2024). Is There a Gender Gap in the Birthday‐Number Effect? The Case of Lotto Players and the Role of Sequential Choice. Journal of Gambling Studies, 40, 1439-1463. https://doi.org/10.1007/s10899-024-10288-5 (Original work published 2024)

Petitjean, M. (2024). It’s the Economy Stupid (Titre original). La Libre. Accepted/in-press. (Original work published 2024)