• Academic Title: Full Professor in Finance at the University of Montpellier I
• Grade: Adjunct Professor
• Field of Expertise:  Finance
• Teaching Department: Law Accounting & Finance
• Function/mission:
• E-mail:  patrick.sentis@univ-montp1.fr
• Tel.: +33 4 67 15 84 76

Diploma

• 2001:  Full Professor in Finance at the University of Montpellier I
• 1995:  Doctorate in Management Science (University of Montpellier I, France)
• 1992:  Master in Management Science

Bio

Dr. Patrick Sentis is Full Professor in Finance at the University of Montpellier, and is currently (2010-2011) president of the French Finance Association (AFFI). He joined GSCM as an Adjunct Professor in October 2005. He was visiting scholar at the University of Texas at Austin (McComb Business School). His research interest is focused on Finance and more specifically into IPO, corporate governance, divestitures/sell-off, downsizing/layoff, insurance etc. He published several papers on these topics in peer reviewed journal such as: Venture Capital: An Entrepreneurial Finance Journal, Multinational Finance Journal, Agricultural Economics, Finance, Banques & Marchés, Finance Contrôle Stratégie, Revue Française de Gestion, etc. He teaches courses in International Finance, Corporate Finance, and Financial Market at different levels in the Montpellier Business School and in other Universities. He is a member of the Scientific Advisory Board at GSCM and director of the management laboratory “Centre de Recherche sur le Management et les Marchés (CR2M)” hosted at University of Montpellier.

Publications

Peer Reviewed Journal Articles (PRJ)

• Sentis P. & Enjolras F. 2011. Crop insurance policies and purchases in France. Agricultural Economics.

• Sentis P. 2009. Merging activity as rational explanation of long-run underperformance of IPOs. Multinational Finance Journal, 13(1/2): 75-102. 

• Sentis P. & François-Heude A. 2008. Franchissements de seuils dans le capital des IPOs. Banque et Marchés, 93:21-33.

• Sentis P. 2009. Insider trading, pricing and the long-run performance of IPOs: evidence from the French market during the high tech bubble. Venture Capital: an International Journal of Entrepreneurial Finance, 11(2): 107-132.

• Sentis P. & Feuilloley M. 2006. Pertinence économique de la comptabilisation des dépréciations de goodwill : le cas français. Finance, Contrôle, Stratégie, 10(1): 95-124.

 

• Sentis P. 2005. Introduction en bourse: quelles stratégies pour l'entreprise candidate. Revue Française de Gestion, 158 (31) : 225-244.

 

• Sentis P. 2001. Devenir des introductions en bourse de la période 1991-1998 sur le marché français. Banque & Marchés, 55.

 

• Sentis P. 2001. Les performances opérationnelles et boursières des introductions en bourse: le cas français 1991-1995. Finance, juin.

 

• Sentis P. 2001. Sous-investissement et suppression d'effectifs: vers une réduction des conflits d'agence. Actualité Economique, mars.

 

• Sentis P. 1999. Pourquoi les décisions de désinvestissement créent-elles de la valeur? Revue Française de Gestion, 122.

 

• Sentis P. 1998. Performances à long terme et caractéristiques financières des entreprises qui réduisent leurs effectifs. Finance, Contrôle, Stratégie, 4.

 

• Sentis P. 1998. Influence du désinvestissement des entreprises sur la richesse des actionnaires: approche stratégique et financière. Economies et Sociétés (série Sc. de gestion), 24.

 

• Sentis P. 1996. L'impact des opérations de désinvestissement sur la richesse des actionnaires: approche en termes d'asymétrie d'information. Finance, 17(2).

 

• Sentis P. 1996. Transferts de richesse lors des opérations de désinvestissement. Banque & Marchés, 21.

PhD Thesis & Books

• Sentis P. 1995. L'influence des opérations de désinvestissement des entreprises sur la richesse des actionnaires : aspects théoriques et empiriques. Thèse de doctorat en Sciences de Gestion.

 

• Sentis P. 2004. Introduction en bourse : une approche internationale. Economica, Paris. 

 

• Sentis P. 2004. Marchés financiers. éditions e-theque.

 

• Sentis P. 1998. Comptabilité et fiscalité des instruments financiers à terme. Economica (collection AFTE), Paris.

Conference Papers

• Sentis P. 2010. La Finance durable existe-t-elle ? Etats Généraux du Management, FNEGE, October 22, Paris.

• Jerson A., Le Roy F. & Sentis P. 2010. La réaction du marché aux condamnations des pratiques anticoncurrentielles: mise en évidence de l'effet taille. 20è Congrès du Réseau des IAE, August 31- September 2, Strasbourg, France.

• Boissin R. & Sentis P. 2010. Long run performance of IPOs and the role of financial analysts: some French evidence. International Conference of the French Finance Association (AFFI), May 10-12, Saint-Malo.

• El-Bahsh R. & Sentis P. 2009. Determinants of Capital structure in the Gulf region states and Egypt. International Conference of the French Finance Association (AFFI), May, Brest.

• Enjolras G. & Sentis P. 2009. On the rationale of insurance purchase - A study of crop insurance policies in France. International Conference of the French Finance Association (AFFI), May, Brest.

• Enjolras G., Kast R. & Sentis P. 2009. Aggregation in area-yield insurance: the Multi-Linear Additive Model. European Group of Risk and Insurance Economists (EGRIE), September 21-23, Bergen, Norway.

• Enjolras G. & Sentis P. 2009. The Main Determinants of Insurance Purchase: An Empirical Study on Crop Insurance Policies in France. European Association of Agricultural Economists, August 26-29 août, Ghent, Belgium.

• Enjolras G. & Sentis P. 2008. Revisiting the main determinants of insurance purchase: an empirical study on crop insurance policies. Midwest Finance Association, February 29 - March 1, San Antonio, Texas, USA. [Proceedings].

• Sentis P. & Bessière V. 2007. Corporate disclosure, information uncertainty and investors' behaviour: A test of the overconfidence effect on market reaction to goodwill write-offs. European Financial Management Association (EFMA), June 27-30, Vienne, Austria. [Proceedings].

• Sentis P. & Bessière V. 2007. Corporate disclosure, information uncertainty and investors' behaviour: A test of the overconfidence effect on market reaction to goodwill write-offs. Paris Finance International Meeting (AFFI), December 20-21, Paris, France. [Proceedings].

• Sentis P. 2006. Merging activity as rational explanation of long-run underperformance of IPOs. Multinational Finance Society, June, Edinburgh, Scotland.

• Sentis P. & Nguema J.F. 2006. IPO underpricing accross the world: does the country risk matter? European Financial Management Association, June 28-July 1, Madrid, Spain.

• Sentis P. 2006. Were insiders more informed than the market during IPO bubble? Evidence from the crossing of threshold on the Nouveau Marché in France. European Financial Management Annual Meeting, June 28-July 1, Madrid, Spain.

• Sentis P. 2006. Merging activity as rational explanation of long-run underperformance of IPO's. Multinational Finance Society, June 25-27, Edimburg, Scotland.

• Sentis P.  & Feuilloley M. 2006. Pertinence économique de la norme IFRS 3 - phase 1: une analyse des dépréciations du goodwill par les entreprises françaises sur la période 2000-2004. Journées de l'AFC, May 10-12, Tunis, Tunisia.

• Sentis P. & François-Heude A. 2006. Franchissements de seuils dans le capital des IPOs : Rendements et volumes annonciateurs de performances futures? 18^ème Journée Nationale des IAE, April 3-4 , Montpellier, France.

• Sentis P. & François-Heude A. 2005. Franchissements de seuils dans le capital des IPOs : rendements et volumes prédicteurs de performances futures ? Journée "Prévisions et Valeur en Finance", Université Montpellier I, October 28 , Montpellier, France.

• Sentis P. 2005. Were insiders more informed than the market during IPO bubble? Evidence from the crossing of threshold on the Nouveau Marché in France. European Financial Management Annual Meeting, June 30 - July 2, Milan, Italy.

• Sentis P. 2001. Underpricing, underperformance and IPO investment decisions. Conférence internationale de l'Association Française de Finance (AFFI), June,  Namur, Belgique et Séminaire Introductions en Bourse, March, Palais Brongniart. 

• Jerson A., Le Roy F. & Sentis P. 2008. L'impact boursier des annonces des pratiques anticoncurrentielles. 17^ème Conférence Internationale de Management Stratégique, May 28-31, Nice, France. [Proceedings].