VISITING ACADEMIC SCHOLARS APPOINTED TO THE OFFICE OF ECONOMIC ANALYSIS
FOR IMMEDIATE RELEASE
Washington, D.C., Sept. 6, 2005 - The Securities and Exchange Commission's Office of Economic Analysis today announced the appointment of Dr. Bjorn Jorgensen as a Visiting Academic Scholar for a one-year term. Simultaneously, OEA announced the appointment of Dr. Christophe Bisiere as an Economic Consultant for a one-year term. Jorgensen is currently the Gary Winnick and Martin Granoff Associate Professor of Business at Columbia University's Graduate School of Business, while Bisiere is currently a Professor of Finance at Toulouse University, France.
Jorgensen received his Ph. D. in 1999 from Northwestern University in Accounting and Information Systems, specializing in accounting disclosures. His area of expertise is valuation of and accounting for marketable securities. His research has focused on measurement, management and disclosure of risk. Specifically, his recent research examines managers' incentives for purchasing insurance and the stock market reaction to risk disclosures.
Bisiere received his Ph. D. in Economics in 1994 from Aix-Marseille University, France, specializing in Finance. His main area of expertise is empirical market microstructure. His recent research has focused on fragmentation and imperfect competition in financial markets, showing that in addition to the competition between liquidity suppliers within a marketplace, competition between trading mechanisms plays an important role.
While at the Commission, Jorgensen will join other researchers on projects involving work on accounting for derivatives, employee stock options and issues related to corporate governance, as well as other areas as dictated by SEC priorities. Bisiere will join other researchers on projects involving work on market microstructure and trading practices, as well as other areas as dictated by SEC priorities.