Research

Current research interests

Financial decisions of family firms, ownership structure, payout policy (dividends and repurchases), portfolio management.

Personal pages on working paper websites

See personal pages on ssrn, IDEAS, Google Scholar, Research Gate 

 

Recent publications

Ducret R. et D. Isakov, 2023, Business group heterogeneity and firm outcomes: Evidence from Korean chaebols, Working Paper SES no 531, (April).

Eugster N., Isakov D., Ducret R. et J.-P. Weisskopf, 2022, Chasing dividends during the COVID-19 pandemic, International Review of Finance, Vol. 22, Issue 2, (June), pp. 335-345.

Isakov D., Pérignon C. et J.-P. Weisskopf, 2021, What if dividends were tax-exempt? Evidence from a natural experiment, Review of Financial Studies, Vol. 34, Issue 12, (December), pp. 5756–5795.

Ducret R. et D. Isakov, 2020, The Korea discount and chaebols, Pacific-Basin Finance Journal, vol. 63, (October), 101396.

Eugster N. et D. Isakov, 2019, Founding Family Ownership, Stock Market Returns, and Agency Problems, Journal of Banking and Finance, vol. 107, (October),105600 (Lead article).

  • Publications in peer-reviewed journals

    Eugster N., Isakov D., Ducret R. et J.-P. Weisskopf, 2022, Chasing dividends during the COVID-19 pandemic, International Review of Finance, Vol. 22, Issue 2, (June), pp. 335-345.

    Isakov D., Pérignon C. et J.-P. Weisskopf, 2021, What if dividends were tax-exempt? Evidence from a natural experiment, Review of Financial Studies, Vol. 34, Issue 12, (December), pp. 5756–5795.

    Ducret R. et D. Isakov, 2020, The Korea discount and chaebols, Pacific-Basin Finance Journal, vol. 63, (October), 101396.

    Eugster N. et D. Isakov, 2019, Founding Family Ownership, Stock Market Returns, and Agency Problems, Journal of Banking and Finance, vol. 107, (October), 105600 (Lead article).

    Isakov D. et J.-P. Weisskopf, 2015, "Pay-out policies in founding family firms", Journal of Corporate Finance , vol. 33, (August), pp. 330-344.

    Isakov D. et J.-P. Weisskopf, 2014, "Are founding families special blockholders? An investigation of controlling shareholder influence on firm performance", Journal of Banking and Finance, vol 41, (April), pp. 1-16  (Lead article). 

    Chung D., Isakov D. et C. Pérignon, 2007, "Repurchasing shares on a second trading line", Review of Finance, vol 11, no 2, pp. 253-285. 

    Isakov D. et F. Sonney, 2004, "Are practitioners right? On the relative importance of industrial factors in international stock returns", Swiss Journal of Economics and Statistics, Vol 140, no 3, pp. 355-379.

    Cauchie S., Isakov D. et M. Hoesli, 2004, "The determinants of stock returns in a small open economy", International Review of Economics and Finance, vol 13 (2), pp. 167-185. 

    Barras L. et D. Isakov, 2003, "How to diversify internationally? A comparison of unconditional and conditional asset allocation methods", Financial Markets and Portfolio Management, vol 17 (2), pp. 194-212. 

    Isakov D. et C. Pérignon, 2001, "Evolution of market uncertainty around earnings announcements", Journal of Banking and Finance, Vol 25, no 9, (September), pp. 1769-1788. 

    Isakov D. et B. Morard, 2001, "Improving portfolio performance with option strategies: Evidence from Switzerland", European Financial Management, Vol 7, no 1, (March), pp. 73-91. 

    Cornu P. et D. Isakov, 2000, "The deterring role of the medium of payment in takeover contests: Theory and evidence from the U. K.", European Financial Management, Vol 6, no 4, (Décember), pp. 423-440. 

    Isakov D. et C. Pérignon, 2000, "On the dynamic interdependence of international stock markets : A Swiss perspective", Swiss Journal of Economics and Statistics. Vol 136, no 2, pp. 123-146.  

    Isakov D., 1999, "Etude empirique de la relation rentabilité-risque sur le marché des actions suisses", Banque & Marchés, no 42 (Septembre-Octobre), pp. 27-32. 

    Isakov D., 1999, "Is beta still alive ? Conclusive evidence from the Swiss stock market", The European Journal of Finance, Vol. 5, no 3. (September) pp. 202-212. 

    Isakov D. et M. Hollistein, 1999 "Application of simple technical trading rules to Swiss stock prices: Is it profitable ?", Financial Markets and Portfolio Management, Vol. 13 (1), pp. 9-26.

  • Other scientific publications

    Isakov D. et D. Schwab, 2018, “Are share repurchases creating value for investors? An empirical analysis of stock buybacks on the Swiss market”, Working paper.

    Isakov D. et J.-P. Weisskopf, 2017, “Les dividendes exonérés d’impôts en Suisse », Expert Focus, septembre no 9/2017

    Isakov D. et S. Parietti, 2014, "Analyse des rémunérations des dirigeants de sociétés suisses cotées en bourse entre 2007 et 2012", Working Paper SES no 449. 

    Isakov D. et J.-P. Weisskopf, 2014, "La politique de dividende des entreprises familiales", L'expert-comptable suisse, septembre no 9/14, pp. 778-782. 

    Isakov D. et J.-P. Weisskopf, 2013, "Les familles fondatrices sont-elles des actionnaires spéciaux?", L'expert-comptable suisse, mars no 3/13.

    Isakov D., T. Madiès et S. Schnyder, 2012, Fiscalité des entreprises: Quelles réformes pour quelle efficacité économique? , paru dans "Steuerpolitische Baustellen: Fiskalische Irrwege und Herausforderungen“ edité par G. Schwarz et M. Salvi, Avenir Suisse-Verlag Neue Zürcher Zeitung, Essay no 5, pp. 149-181.

    Isakov D. et D. Marti, 2011, "Technical analysis with a long-term perspective: Trading strategies and market timing ability", Working Paper SES no 421.

    Isakov D. et J.-P. Weisskopf, 2009, "Family ownership, multiple blockholders and firm performance", Working Paper. 

    Dumont P.-A. et D. Isakov, 2009, "Les rachats d'actions en Suisse: Objectifs, conséquences et pratiques", Working Paper SES no 408.

    Dumont P.-A. et D. Isakov, 2006, "Les rachats d'actions propres par les sociétés cotées en bourse: L'expérience suisse", Revue Bancaire et Financière 2006/2, pp 67-71. 

    Adjaouté K., Danthine J.-P. et D. Isakov, 2005, "Portfolio diversification in Europe", in "The Internationalisation of Asset Ownership in Europe", ed. by H. Huizinga and L. Jonung, Cambridge University Press, chap. 5, pp 140-172 

    Bacmann J.-F., Dubois M. et D. Isakov, 2001, "Industries, business cycle and profitability of momentum strategies: An international perspective", Working Paper. 

    Cornu P. et D. Isakov, 2000, "The optimal strategy of the initial bidder in takeover contests: Theory and empirical evidence", Working Paper no 2000.04, HEC Université de Genève.

    Isakov D., avril 1997, "Tests du CAPM pour le marché des actions suisses", Working Paper no 97.4, HEC Université de Genève.

  • Books

    Friboulet J.-J., Isakov D., Barbuscia D. et F. Giorgetti, 2005, "Le gouvernement d'entreprise en Suisse, Dynamiques externes et stratégies internes", Editions Schulthess, 208 pp. 

    Isakov D., 1995, "Etudes empiriques de la relation rentabilité-risque en économie financière : Le cas du marché des actions suisses", septembre 1995, Thèse de doctorat non publiée, Université de Lausanne, 317 pp.

  • Research presentations

    Presentation at academic conferences 

    • Association Française de Finance
    • Conférence internationale de gouvernance d'entreprise
    • Corporate Finance Day
    • European Economic Association
    • European Finance Association
    • European Financial Management Association
    • Financial Management Association Asia
    • Financial Management Association Europe
    • Financial Management Association US
    • Midwest Finance Association
    • Northern Finance Association
    • Paris Financial Management Conference
    • Paris December Finance Meetings
    • Société Suisse d'Economie et de Statistique
    • Swiss Society for Financial Markets Research
    • Southern Finance Association
    • World Finance Conference
    • World Finance & Banking Symposium

    Presentation at universities/research institutions

    • Aix-Marseille Université (IAE)
    • BI, Norwegian Business School, Oslo
    • Cardiff Business School
    • Central (National) Bank of Serbia, Beograd
    • Ecole Hôtelière de Lausanne
    • ESCP-EAP-Paris
    • ESSEC Business School, Cergy-Pontoise
    • Freie Universität Berlin
    • Hanken School of Economics, Helsinki
    • HEC-Université de Lausanne
    • HEC-Université de Montréal
    • HSG-Universität St Gallen
    • IESE Business School, Barcelona
    • IESEG, School of Management, Paris
    • IPAG Business School, Paris
    • KU Leuven
    • London Business School
    • Renmin University of China, Beijing
    • Rijksuniversiteit Groningen
    • Singapore Management University (Lee Kong Chian School of Business)
    • Solvay Brussels School, Université Libre de Bruxelles
    • Swansea University
    • Università Ca'Foscari, Venezia
    • Università Cattolica del Sacro Cuore, Milano
    • Università della Svizzera Italiana, Lugano
    • Universität Basel
    • Universität Zürich
    • Universiteit Gent
    • Université de Cergy-Pontoise
    • Université de Fribourg
    • Université de Genève
    • Université de Grenoble
    • Université de Neuchâtel
    • Université de Nice (IAE)
    • Université de Paris-Est Créteil (IAE)
    • Université de Rennes
    • Université Laval, Québec

    • Université Paris 1 Panthéon-Sorbonne (IAE)

    • Université Paris-Dauphine
    • University of Strathclyde, Glasgow
    • Uppsala Universitet
  • Refereeing of scientific work

    Referee for scientific journals

    • Applied Economics

    • Corporate Governance: An International Review
    • Die Unternehmung
    • Emerging Markets Review
    • European Finance Review
    • European Financial Management
    • European Journal of Finance
    • Finance
    • Finance Letters
    • Finance, Contrôle et Stratégie
    • Financial Management
    • Financial Markets and Portfolio Management
    • Finance Research Letters
    • Global Finance Journal
    • International Review of Economics and Finance
    • Journal of Banking and Finance
    • Journal of Corporate Finance
    • Journal of Economics and Business
    • Journal of Empirical Finance
    • Journal of Multinational Financial Management
    • Management Science
    • Multinational Finance Journal
    • North American Journal of Economics and Finance
    • Swiss Journal of Economics and Statistics

     

    Member of scientific committees

    • Accounting Research Workshop
    • Association Française de Finance
    • Conférence Internationale de Gouvernance d'Entreprise
    • European Finance Association
    • European Financial Management Association
    • Financial Management Association – European Conference
    • Financial Management Association – US Conference
    • Midwest Finance Association
    • Swiss Society for Financial Markets Research

     

    Evaluation of research projects

    • Fonds National Suisse de la Recherche Scientifique FNS-SNF
    • CTI Commission pour la Technologie et l'Innovation – Innosuisse.
    • Réseau RSCSO en Economie et Management de la HES-SO

     

  • Awards
    • Best Paper Award in Corporate Finance, Eastern Finance Association 2020 Annual Meeting in Boston (USA). Award sponsored by Wharton Research Data Service - WRDS (article: What if dividends were tax-exempt: Evidence from a natural experiment).

    •  Best Paper Award for Capital Markets, 2020 New Zealand Finance Colloquium, Auckland (NZ). Award sponsored by The Ministry of Business, Innovation and Employment (article: What if dividends were tax-exempt: Evidence from a natural experiment).

    • Award for the Best Paper in the Derivatives area, Midwest Finance Association 2000 Annual Meeting, Chicago (USA) (article: Evolution of market uncertainty around earnings announcements).