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The research in market finance

Résumé

Promoting research in finance contributes to making financial places attractive. Comparing French research in finance with the American and British ones shows that France has a research of quality, capable of mobilising sophisticated mathematical and statistical tools. But French research is dependent -as actually most of the world’s research- on dissemination and evaluation networks based in the United States. The selection process of American reviews and conferences, though it may be contested, gives American researchers the advantage of organising a true market for research productions and thus to facilitate their financing. But the influence of this market goes beyond American borders. French research, in addition, is affected by specific shortcomings: the excessive segmentation of its branches, the lack of financial incentives for researchers and of financial means for research laboratories. Paris, as a financial center, could contribute to solving these two shortcomings.

Didier Davydoff
Classification JEL : A23
REF n°57

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Association d’Economie Financière - 26 rue de Lille - 75356 Paris 07 SP - France
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Revue d'économie financière : ISSN 1777-5744