Research: Laurent Calvet wins award at the Paris December Finance Meeting

The award recognises a collective research effort co-authored with Claire Celerier (University of Toronto – Rotman School of Management), Gordon Y. Liao (Circle) and Boris Vallée (INSEAD). The paper examines the mechanisms through which households indirectly help contain the price of extreme risk in financial markets, while offering new insight into the role played by non-institutional investor behaviour.

The prize was awarded at the close of the Paris December Finance Meeting, a leading academic conference organised by EUROFIDAI and ESSEC Business School, which each year brings together international scholars in finance. The distinction highlights the global reach of research carried out by SKEMA Business School faculty and their active contribution to contemporary academic debate.

President of the EFA

Laurent Calvet has also been appointed President of the European Finance Association (EFA). He previously served as programme chair at the association’s last conference in August 2025, held on SKEMA’s Grand Paris campus. The international event brought together 800 researchers.