Ariane SZAFARZ
Professor of Finance
Phone: +32 2 650 48 65
ULB Office: R42.4.218
Email: aszafarz@ulb.ac.be
Ariane Szafarz Website

Research fields

Financial Inclusion - Gender Studies - Social Finance - Household Finance - Corporate Governance

Keywords

Microfinance, Social Banking, Mission Drift, Discrimination in Lending, Gender Biases, Ownership and Control

most representative publications

  • Hudon, Marek, Samuel Anokye Nyarko, and Ariane Szafarz. Give and Forget: Grants, Soft Loans, and the Governance of Hybrid Organizations. (2021).
  • Cornée, Simon, Marc Jegers, and Ariane Szafarz. Feasible Institutions of Social Finance: A Taxonomy. No. 21001. ULB--Universite Libre de Bruxelles, 2021.
  • Briere, Marie, and Ariane Szafarz. When it Rains, it Pours: Multifactor Asset Management in Good and Bad Times. Journal of Financial Research, forthcoming, xx, xx (2021).
  • Cornée, Simon, Panu Kalmi, and Ariane Szafarz. The business model of social banks. Kyklos 73.2 (2020): 196-226.
  • Cozarenco, Anastasia, and Ariane Szafarz. The regulation of prosocial lending: Are loan ceilings effective?. Journal of Banking & Finance 121 (2020): 105979.
  • Briere, Marie, and Ariane Szafarz. Good diversification is never wasted: How to tilt factor portfolios with sectors. Finance Research Letters 33 (2020): 101197.
  • Accominotti, Olivier, et al. Did Globalization Kill Contagion?. Available at SSRN 3534157 (2020).
  • Varendh-Mansson, Cecelia, Tyler Wry, and Ariane Szafarz. Anchors aweigh? Then time to head upstream: Why we need to theorize “mission” before “drift”. Academy of Management Review 45.1 (2020): 230-233.
  • Reichert, Patrick, et al. Crowding-in or Crowding-out? How Subsidies Signal the Path to Financial Independence of Social Enterprises. Perspectives on Public Management and Governance 4.3 (2019): 291-308.
  • Abramowicz, Michel, and Ariane Szafarz. Ethics of Randomized Controlled Trials: Should Economists Care about Equipoise?. Randomized Control Trials in the Field of Development: A Critical Perspective, Oxford University Press, Forthcoming (2019).
  • Hudon, Marek, Marc Labie, and Ariane Szafarz, eds. A research agenda for financial inclusion and microfinance. Edward Elgar Publishing, 2019.
  • Mersland, Roy, Samuel Anokye Nyarko, and Ariane Szafarz. Do social enterprises walk the talk? Assessing microfinance performances with mission statements. Journal of Business Venturing Insights 11 (2019): e00117.
  • Hudon, Marek, Marc Labie, and Ariane Szafarz. A long time ago in a galaxy far, far away... How microfinance evolved and how research followed. A Research Agenda for Financial Inclusion and Microfinance. Edward Elgar Publishing, 2019.
  • Cozarenco, Anastasia, and Ariane Szafarz. Microfinance in the North: where do we stand?, A Research Agenda for Financial Inclusion and Microfinance. Edward Elgar Publishing, 2019.
  • Hudon, Marek, Marc Labie, and Ariane Szafarz. The Microfinance Alphabet, Emerging Challenges and Innovations in Microfinance and Financial Inclusion. Palgrave Macmillan, Cham, 1-11, 2019.
  • Cozarenco A. and Szafarz A., (2018), Gender Biases in Bank Lending: Lessons from Microcredit in France Journal of Business Ethics, 147, 3, pp. 631–650.
  • Garikipati S., Guérin I., Johnson S. and Szafarz A., (2017), Microfinance and Gender: Issues, Challenges and the Road Ahead, Journal of Development Studies, 53, 5, pp. 641–648.
  • D’Espallier B., Hudon M., and Szafarz A., (2017), Aid Volatility and Social Performance in Microfinance, Nonprofit and Voluntary Sector Quarterly, 46, 1, pp. 116-140.
  • Levy M. and Szafarz A., (2017), Cross-Ownership: A Device for Management Entrenchment? Review of Finance, 21, 4, pp. 1675-1699.
  • Cornée S., Kalmi P. and A. Szafarz, (2016), Selectivity and Transparency in Social Banking: Evidence from Europe Journal of Economic Issues, 50, pp. 494-502.