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  1. Directory
  2. Faculty
  3. Xavier Giroud

Xavier Giroud

Stefan H. Robock Professor of Finance and Economics
Finance Division
Columbia Business School
Areas of Expertise
Corporate Finance, Macroeconomics
Contact
Office: 771 Kravis
E-mail: xg2285@columbia.edu
Links
Personal Website
Curriculum Vitae

Xavier Giroud is the Stefan H. Robock Professor of Finance and Economics at Columbia Business School. He is also a Research Associate at the National Bureau of Economic Research (NBER) and a Research Fellow at the Centre for Economic Policy Research (CEPR).

Giroud's research interests are in the area of corporate finance and corporate governance. In particular, his work examines how companies allocate (and misallocate) resources across company units, the interplay between finance and labor, corporate taxation, corporate governance, and venture capital. His research has appeared in leading academic journals, including the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He has received various research awards, including the Herman E. Krooss Award for the best doctoral dissertation across all disciplines at the Stern School of Business, New York University. Before joining Columbia, Giroud was the Ford International Career Development Professor of Finance and an Associate Professor of Finance at the MIT Sloan School of Management.

Giroud holds an MA in quantitative economics and finance from the University of St. Gallen as well as an MPhil in finance and a PhD in finance from the Stern School of Business, New York University.

Education
Ph.D. in Finance, New York University, 2011; M.Phil. in Finance, New York University, 2009; M.A. in Quantitative Economics and Finance, University of St. Gallen, 2005
Joined CBS
2017

All Activities

  • Research
  • Teaching
  • Achievements
  • Press
  • Authored Works
  • CaseWorks
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Journal Article
Dai, Min, Xavier Giroud, Wei Jiang, and Neng Wang. “A Q Theory of Internal Capital Markets.” (Forthcoming).
Explore Further about A Q Theory of Internal Capital Markets
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Journal Article
Giroud, Xavier and Joshua Rauh. “State Taxation and the Reallocation of Business Activity: Evidence from Establishment-Level Data.”
Journal of Political Economy
vol. 127, (June 01, 2019): 1262-1316.
Explore Further about State Taxation and the Reallocation of Business Activity: Evidence from Establishment-Level Data
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Journal Article
Giroud, Xavier and Holger Mueller. “Firm Leverage, Consumer Demand, and Unemployment during the Great Recession.”
The Quarterly Journal of Economics
vol. 132, (February 01, 2017): 271-316.
Explore Further about Firm Leverage, Consumer Demand, and Unemployment during the Great Recession
Download PDF on Firm Leverage, Consumer Demand, and Unemployment during the Great Recession
Journal Article
Bernstein, Shai, Xavier Giroud, and Richard Townsend. “The Impact of Venture Capital Monitoring.”
Journal of Finance
vol. 71, (January 01, 2016): 1591-1622.
Explore Further about The Impact of Venture Capital Monitoring
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Journal Article
Giroud, Xavier and Holger Mueller. “Capital and Labor Reallocation within Firms.”
Journal of Finance
vol. 70, (August 01, 2015): 1767-1804.
Explore Further about Capital and Labor Reallocation within Firms
Download PDF on Capital and Labor Reallocation within Firms
Journal Article
Giroud, Xavier. “Proximity and Investment: Evidence from Plant-Level Data.”
The Quarterly Journal of Economics
vol. 128, (January 01, 2013): 861-915.
Explore Further about Proximity and Investment: Evidence from Plant-Level Data
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Journal Article
Giroud, Xavier, Holger Mueller, Alex Stomper, and Arne Westerkamp. “Snow and Leverage.”
The Review of Financial Studies
vol. 25, (March 01, 2012): 680-710.
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Journal Article
Giroud, Xavier and Holger Mueller. “Corporate Governance, Product Market Competition, and Equity Prices.”
Journal of Finance
vol. 66, (April 01, 2011): 563-600.
Explore Further about Corporate Governance, Product Market Competition, and Equity Prices
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Journal Article
Giroud, Xavier and Holger Mueller. “Does Corporate Governance Matter in Competitive Industries?”
Journal of Financial Economics
vol. 95, (January 01, 2010): 312-331.
Explore Further about Does Corporate Governance Matter in Competitive Industries?
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Working Paper
Giroud, Xavier and Holger Mueller. Firms' Internal Networks and Local Economic Shocks. September 01, 2017.
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Newspaper/Magazine Article
Bernstein, Shai, Emanuele Colonnelli, Xavier Giroud, and Benjamin Iverson. “Bankruptcy Spillovers.” Journal of Financial Economics. Forthcoming.
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  • Courses
  • Case Studies
Course
B9329: Empirical Corporate Finance
View Course on Empirical Corporate Finance
Course
B9326: (PhD) Financial Econometrics: Panel Data
View Course on (PhD) Financial Econometrics: Panel Data
Course
B8307: Corporate Financial Management
View Course on Corporate Financial Management
Course
B9305: (PhD) Finance Pre-Thesis Seminar
View Course on (PhD) Finance Pre-Thesis Seminar
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