Written on 12 June 2014.
Sylvain Bourrat and Guillaume Wolff, EDHEC 2013, were awarded the SFAF prize for Best Thesis on Economics and Finance in Paris on 5 June 2014.
Recognising the quality of their final thesis, ‘Underpricing & Long‐Term Performance of Private‐Equity Backed IPOs compared to Non‐Private‐Equity Backed IPOs: A French perspective’ EDHEC encouraged Sylvain and Guillaume to present their work at the International Competition of Master Degree Theses on Economics and Finance organised by the Centre des Professions Financières. Professor Florencio Lopez-de-Silanes assisted them in writing their thesis and supported them during the competition.
The two graduates of the Financial Economics track and final-year students on the MSc in Corporate Finance focused their thesis on a subject of ongoing debate, namely the impact of private equity finds on the performance of companies over which they exert a significant influence.
The competition rewards the best theses at Master 1 or 2 level that deal with subjects in the financial analysis, insurance, banking, stock market, economics, corporate finance or asset management fields. As a long-standing partner of the competition, the French Society of Financial Analysts (SFAF) awards a prize to the best thesis on finance.
Sylvain, an auditor with KPMG in Paris and Guillaume, an investment banking analyst with Deutsche Bank in London, share their experience:
'This prize is above all a big honour in the sense that it means our work was acknowledged and singled out by respected professionals from among a total of 140 theses emanating from 19 countries. We are also proud that the prize helps further enhance EDHEC’s image throughout Europe.' Sylvain Bourrat (EDHEC 2013)
'Winning this prize in a competition involving many talented students from top-class European schools is a source of major satisfaction for us. The subject we chose was a tricky one and allowed us to examine the impact of private equity funds on the companies that they control in France.' Guillaume Wolff (EDHEC 2013)
'I am honoured to have worked with these two amazing students who brought the SFAF prize to EDHEC for the first time in 30 years. For the faculty at EDHEC, this prize is also a strong endorsement of our efforts to raise academic standards and the success of our ‘EDHEC for Business’ research strategy.'
Professor Florencio Lopez-de-Silanes.