I am an associate professor of finance at EDHEC Business School in Nice, France. Before joining EDHEC, I worked as an economist at the Bank For International Settlements (BIS) in Basel, Switzerland. I hold a PhD from the Swiss Finance Institute at the University of Lugano and I spent part of my PhD as a predoctoral fellow at Harvard University. My research has been published in top finance journals including the Journal of Financial Economics and the Review of Financial Studies.Gianpaolo Parise is professor of finance at EDHEC Business School and a CEPR Research Affiliate. His research has been published in the top finance journals including in the Journal of Financial Economics and the Review of Financial Studies. He studied at Harvard University, the Swiss Finance Institute at the University of Lugano, and Bocconi University.