March 18, 2010
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Faculty - Ariadna Dumitrescu


 

Ariadna Dumitrescu


    Assistant Professor of the Department of Financial Management and Control
    URL Lecturer
Coordinator, GREF
Av.Pedralbes, 60-62
E-08034 Barcelona
ariadna.dumitrescu@esade.edu
Phone: +34 932 806 162
Ext. 2311
Fax: +34 932 048 105

Academic training
  • Máster en Economía. Universitat Autònoma de Barcelona
  • Doctor en Economía. Universitat Autònoma de Barcelona
  • Licenciada en Matemáticas. Universidad de Bucarest
Interest Areas
  • Asset pricing
  • Market microstructure
Biography
Ariadna Dumitrescu holds a PhD in Economics from IDEA, Universitat Autònoma de Barcelona, and a BA in Mathematics from the University of Bucharest.

She teaches Corporate Finance, Fixed Income and Futures and Options at Undergraduate, Master and Executive level. She has also taught Mathematics for Economists and Mathematical Models for Economists at Undergraduate level. Her collaboration with private companies includes Citibank Romania, Banc Sabadell and BBVA.

Her research interests are asset pricing and strategic behaviour in financial markets, with applications to market microstructure and valuation of corporate debt. She has presented her work at prestigious conferences and has been invited as a seminar speaker by the Financial Markets Group/LSE, the Bank of England, HEC Montreal, ESADE Business School, Universitat Pompeu Fabra, IESE Business School, Said Business School, Haskayne School of Business, University College London, among others.

She has also belonged to the Scientific Committees of the Annual Meeting of the American Financial Management Association 2007, the European Meeting of the American Financial Management Association 2007, the Annual Meeting of the European Finance Association 2006, the Annual Meeting of the European Financial Management Association 2006, the 10th Meeting of Young Economists 2005, and the Annual Meeting of the Spanish Finance Association 2004.

Ariadna Dumitrescu joined ESADE in September 2003.
Teaching experience

Teaching activity at ESADE
  • Financial Modelling, Master in Finance
  • Bloque 5: Introducción a la Valoración, Master en Corporate Finance & Law - Barcelona
  • Futuros y Opciones, Executive Education - Madrid
  • Futuros y Opciones, Master en Dirección Económico-Financiera en Madrid - Madrid
Investigation

 Specialised publications

Reviewed publications
  • Dumitrescu, A. (2010). The strategic specialist and imperfect competition in a limit order market. Journal of Banking and Finance, 34( 1), 255-266.

  • Dumitrescu, A. (forthcoming). Liquidity and optimal market transparency. European Financial Management,

  • Dumitrescu, A. (2007). Valuation of defaultable bonds and debt restructuring. Journal of Corporate Finance, 13(1), 94-111.

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Other scientific / technical papers
  • Dumitrescu, A. (2001). Long-term Relationship and the Cost of Funds, Administrative Science Association of Canada Conference Proceedings. 22, 22-30.

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Monographs
  • Dumitrescu, A.. . The Determinants of Emerging Markets Bond Spread.Banc Sabadell.

  • Dumitrescu, A.. . A Decomposition Analysis of Income and Expenditure Inequalities and Changes in Relative Poverty in Bulgaria during Transition - Analysis of HBS Data: 1989, 1993. CERGE.European Community PHARE.

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Conference proceedings (reviewed & published)
  • Dumitrescu, A. (2009). Corporate governance and market liquidity. XXXIV Simposio de la Asociación Española de Economía (SAEe). Valencia.

  • Dumitrescu, A. (2008). Corporate governance and market liquidity. XVI Foro de Finanzas. Barcelona.

  • Dumitrescu, A. (2008). Liquidity and optimal market transparency. Financial Seminar Series. Barcelona.

  • Dumitrescu, A. (2008). Liquidity and optimal market transparency. European Finance Association Annual Meeting. Athens, Greece.

  • Dumitrescu, A. (2008). Corporate governance and market liquidity. CEPR European Summer Symposium in Financial Markets. Gerzensee, Switzerland.

  • Dumitrescu, A. (2008). Liquidity and Optimal Market Transparency. European Financial Management Annual Meeting. Athens, Greece.

  • Dumitrescu, A. (2008). Liquidity and Optimal Market Transparency. Financial Management Association European Meeting. Prague, Czech Republic.

  • Dumitrescu, A. (2007). Corporate Governance and Market Liquidity. Invited Seminar. Leuven, Belgium.

  • Dumitrescu, A. (2007). Corporate Governance and Market Liquidity. Invited Seminar. Jerusalem, Israel.

  • Dumitrescu, A. (2007). Corporate Governance and Market Liquidity. Invited Seminar. Tel Aviv, Israel.

  • Dumitrescu, A. (2007). Asset Pricing and Liquidity . Research Workshop on Asset Pricing . Madrid.

  • Dumitrescu, A. (2007). Strategic Specialist and Market Liquidity. European Finance Association Annual Meeting. Ljubljana, Slovenia.

  • Dumitrescu, A. (2007). Strategic Specialist and Market Liquidity. European Financial Management Association. Vienna, Austria.

  • Jordi Caballé & Dumitrescu, A. (2007). Tax Report and Insider Trading. European Meeting of Financial Management Association. Barcelona.

  • Dumitrescu, A. (2006). Liquidity and Market Transparency. XXXI Simposio de Analisis Económico. Oviedo.

  • Dumitrescu, A. (2006). Liquidity and Market Transparency. XIV Foro de Finanzas. Castellon de la Plana, Spain.

  • Dumitrescu, A. (2006). Imperfect Competition and Market Liquidity with a Supply Informed Trader. European Financial Management Association. Madrid, Spain.

  • Dumitrescu, A. (2006). Strategic Specialist and Market Liquidity. Conference on High Frequency Finance. Konstanz, Germany.

  • Dumitrescu, A. (2006). Strategic Specialist and Market Liquidity. 2nd Research Day . Paris, France.

  • Dumitrescu, A. & Jordi Caballé (2005). Tax Report and Insider Trading. XXX Simposio de Análisis Económico. Murcia, Spain.

  • Jordi Caballé & Dumitrescu, A. (2005). Tax Report and Insider Trading. XIII Foro de Finanzas. Madrid, Spain.

  • Dumitrescu, A. (2005). Imperfect Competition and Market Liquidity with a Supply Informed Trader. Financial Management Association Annual Meeting. Chicago, US.

  • Dumitrescu, A. (2005). Imperfect Competition and Market Liquidity with a Supply Informed Trader. International Conference in Finance. Copenhagen, Denmark.

  • Dumitrescu, A. (2005). Imperfect Competition and Market Liquidity with a Supply Informed Trader. 20th Congress of European Economic Association. Amsterdam, Netherlands.

  • Dumitrescu, A. (2005). Imperfect Competition and Market Liquidity with a Supply Informed Trader. American Financial Management Association. Siena, Italy.

  • Dumitrescu, A. (2005). Informational Issues in Market Microstructure. 1st Research Day. Barcelona.

  • Dumitrescu, A. (2005). Strategic Specialist and Market Liquidity. Invited Seminar. Barcelona, Spain.

  • Dumitrescu, A. (2004). Imperfect Competition and Market Liquidity with a Supply Informed Trader. XXIX Simposio de Análisis Económico. Pamplona, Spain.

  • Dumitrescu, A. (2004). Asset Bubbles. CEPR Conference on Asset Bubbles. CREI, Universitat Pompeu Fabra, Barcelona, Spain.

  • Dumitrescu, A. (2004). Imperfect Competition and Market Liquidity with a Supply Informed Trader. XII Foro de Finanzas, Asociación Española de Finanzas. Barcelona, Spain.

  • Dumitrescu, A. (2004). Real Options:Theory and Applications. Workshop. Madrid, Spain.

  • Dumitrescu, A. (2004). Imperfect Competition and Market Liquidity with a Supply Informed Trader . CEPR European Summer Symposium in Financial Markets. Gerzensee, Switzerland.

  • Dumitrescu, A. (2004). Imperfect Competition and Market Liquidity with a Supply Informed Trader. Invited Seminar. México.

  • Dumitrescu, A. (2004). Strategic specialist and market liquidity. Seminar. Barcelona.

  • Dumitrescu, A. (2004). Imperfect Competition and Market Liquidity with a Supply Informed Trader. European Financial Management Association . Milan, Italy.

  • Dumitrescu, A. (2003). Conference on Institutional Equity Trading. New York Stock Exchange. Palm Beach, Florida, US.

  • Dumitrescu, A. (2003). Market Microstructure Meeting . NBER. Palm Beach, Florida, US.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring. Invited Seminar . London, UK.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring, . Invited Seminar . Barcelona, Spain.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring. Invited Seminar . Barcelona, Spain.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring. Invited Seminar . Barcelona, Spain.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring. Invited Seminar . Calgary, Canada.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring. Invited Seminar . Montreal, Canada.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring. Invited Seminar . London, UK.

  • Dumitrescu, A. (2003). Valuation of Defaultable Bonds and Debt Restructuring. Invited Seminar . Oxford, UK.

  • Dumitrescu, A. (2002). Valuation of Defaultable Bonds and Debt Restructuring. XXVII Simposio de Análisis Económico. Salamanca, Spain.

  • Dumitrescu, A. (2002). Valuation of Defaultable Bonds and Debt Restructuring, . Workshop . London, UK.

  • Dumitrescu, A. (2002). Imperfect Competition and Market Liquidity with a Supply Informed Trader. IDEA Workshop. Barcelona, Spain.

  • Dumitrescu, A. (2002). Valuation of Defaultable Bonds and Debt Restructuring. XVII Anual Meeting of European Economic Association. Venice, Italy.

  • Dumitrescu, A. (2002). Valuation of Defaultable Bonds and Debt Restructuring, . IDEA Workshop . Barcelona, Spain.

  • Dumitrescu, A. (2002). Valuation of Defaultable Bonds and Debt Restructuring. VIIth Meeting of Young Economists. Paris, France.

  • Dumitrescu, A. (2002). Valuation of Defaultable Bonds and Debt Restructuring. CREDIT 2002 - Assessing the Risk of Corporate Default. Venice, Italy.

  • Dumitrescu, A. (2001). Long-Term Lending Relationship and the Cost of Funds. Proceedings of the Annual Conference of the Administrative Science Association of Canada, Finance Division. London, Ontario, Canada.

  • Dumitrescu, A. (2001). Long-Term Lending Relationship and the Cost of Funds. VIth Meeting of Young Economists. Copenhagen, Denmark.

  • Dumitrescu, A. (2001). Long-Term Lending Relationship and the Cost of Funds. European Network for Training in Economic Research. Tolouse, France.

  • Dumitrescu, A. (2000). Long-Term Lending Relationship and the Cost of Funds. European Network for Training in Economic Research. Mannheim, Germany.

  • Dumitrescu, A. (1999). Métodos Matemáticos en Economía. Métodos Matemáticos en Economía. Jindrichuv Hradec. República Checa.

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Published books and chapters

 Book chapters
  • Dumitrescu, A. (2010). Correlated-asset trading and disclosure of private information. In G. Gregoriou (Ed.). Handbook of Trading (pp. 429-442). : McGraw-Hill .[ISBN: 0071743537]

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Working papers
  • Dumitrescu, A. (2008).Corporate governance and market liquidity. Social Sciences Research Network. Working Paper Series (1356204). Social Science Research Network

  • Dumitrescu, A. (2007).Liquidity and Optimal Market Transparency. Social Sciences Research Network Working Paper Series (942912).

  • Dumitrescu, A. (2007).Strategic specialist and market liquidity. Social Science Research Network working paper Series (942016). Social Science Research Network

  • Dumitrescu, A. (2007).Multi-Market Trading and Disclosure of Private Information. Work in progress

  • Dam, K. & Dumitrescu, A. (2006).Valuation of Venture Capital Contracts with Renegotiation. Work in progress

  • Jordi Caballé & Dumitrescu, A. (2006).Tax Report and Insider Trading . Work in progress

  • Dumitrescu, A. (2003).Valuation of Defaultable Bonds and Debt Restructuring. UFAE and IAE Working Papers (590.03).

  • Dumitrescu, A. (2003).Imperfect Competition and Market Liquidity with a Supply Informed Trader. UFAE and IAE Working Papers (591.03).

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Participation in conferences, congresses, semanay and workshops
  • Dumitrescu, A. (2007). Financial Risk Management.
    Romanian Stock Exchange and Romanian Brokers Association. Capital Markets in Romania. Bucarest, Rumania, 22/05/2007

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External activity and representation

 Participation in committees for accreditation assessment and doctoral theses

 Participate incommittee
  • Evaluador (referee) de revista científica (academic journal)
    Journal of Corporate Finance.

  • Evaluador (referee) de revista científica (academic journal)
    Moneda y Crédito.2008

  • Evaluador (referee) de revista científica (academic journal)
    Journal of Banking and Finance.

Dissertation
  • Tesinas . Valoración de la Flexibilidad en la Exploracion y el Desarrollo de un Yacimiento Petrolifero. ESADE. 2006

  • Tesinas . Eficiencia del Mercado de Capitales. ESADE. 2006

  • Tesinas . La Regulación Bancaria Internacional: Basilea I y Basilea II. ESADE. 2005

  • Tesinas . Warrants: Valoración-Utilización. ESADE. 2005

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Participation in conferences, congresses, semanay and workshops
  • VI International Symposium of Generalized Convexity. Samos, Grecia, 03/1999

  • The European Banking and Financial Forum. Praga, República Checa, 03/1998

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Additional information

 Prizes, grants and subsidies

 Grants and subsidies
  • Research Project ECO2008-05218, Financial Reporting, Ownership Structure and Quotes on the Spanish Stock Exchange, Ministerio de Educacion y Ciencia.

  • Fundación UCEIF. 2010

  • Marie Curie Fellowship. 2002

  • IDEA Fellowship, Universitat Autònoma de Barcelona. 2001

  • PHARE ACE Fellowship, Universitat Autònoma de Barcelona. 1998

  • USAID Grant, Center for Economic Research and Graduate Education, Charles University. 1997

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