Éric Pichet at Linternaute.com on May 25th 2011 |
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| Born | July 23, 1960 Tananarive (Madagascar) |
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| Nationality | France |
Éric Pichet (born in 1960) is a French economist and post-graduate professor. His main areas of expertise lie in market finance, monetary economics, fiscal economics, corporate governance and fiscal governance.
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Eric Pichet is a graduate of HEC Paris, ESORSEM (French staff college), IMPI ; doctor in Management Sciences and HDR (Habilitation à Diriger les Recherches, French post doctoral degree to supervise PhD student research) in Management Sciences. In 2006, he receives his PhD in Management Sciences from the University of the Littoral Opal Coast on the topic of “Convergence between Corporate Governance Practices in the Large Publicly Listed Companies with Dispersed Shareholdings”. In 2008, he receives an HDR from the same university with an HDR dissertation entitled “An Hypermodern Analysis of Contemporary Social Governances”.
He makes his debut in a French brokerage firm CHOLET DUPONT, then in an English firm HSBC as an options specialist, derivatives trader and finally financial analyst (member of SFAF - The French Society of Financial Analysts). He also intercedes as an independent financial expert and since 2004 as an independent administrator (member of IFA – French Institute of Administrators and of its research center) sitting on the boards of several companies such as the SICAV of French analysts in France and of more than a dozen publicly listed international hedge funds abroad. He is also member and expert at APM (Association for Progress in Management).
Professor of Economics at BEM Management School, he has also been, since 2000, the Director of The Wealth & Real Estate Institute (IMPI) at BEM which is a postgraduate programme in wealth and real estate management. He is a fellow at the Royal Institution of Chartered Surveyors, associate researcher at LAREFI of BORDEAUX IV and professor at the SFAF training centre since 1990. In 2011, he has published a methodological guide aimed at professor-researchers who are candidates for the HDR entitled “Art of the HDR” which contains advice on writing the HDR dissertation and on how to supervise Ph.D Students.
Éric Pichet has originated several theories in different domains..
Enlightened Shareholder Theory[1] is a corporate governance theory which is fundamentally stockholder-oriented but which integrates certain advances in shareholder-oriented corporate governance theories. Also, his other work, including his doctoral thesis which addressed the « Convergence between Corporate Governance Practices in the Large Publicly Listed Companies with Dispersed Shareholdings », have enabled him to define three important groups of governance principles intended for large publicly listed companies :
His work on the economic consequences of the ISF[2] (French Wealth Tax) have brought him to argue that the ISF reports loss of revenues twice as large as what it generates[3].
Influenced by Adam Smith of whom he has written two biographies, he considers that taxation must rest upon 4 principles expounded by the Scottish economist in « An Inquiry into the Nature and Causes of the Wealth of Nations » but adapted to the 21st century :
Éric Pichet participates regularly in debates regarding taxation: in 2004, he carried out a study with Maurice Christian Bergerès, attorney-at-law, on the economic advantages of a tax amnesty.[5]
Regarding the reform of the French Wealth Tax,[6] in two studies published in La Revue du Droit Fiscal (Journal of Fiscal Law), he assesses the annual global cost at cruise mode of the proposed law[7] and then reassesses it after the passing of the law.[8] These assessments show that the reform is not in fact « the biggest gift made to the rich » as mentioned in political debates, but conclude that the reform is not totally financed, due to its annual direct budgetary cost of approximately €350 million to which one must add an indirect cost of approximately €200 million meaning a total global deficit of approximately €550 million (very far, however, from the figure of €2 billion often quoted by the press).
Influenced by the thinking of Paul Feyerabend, Eric Pichet maintains the necessity of a constructivist inspired epistemology specific to the social sciences.
"If we consider the most complex object in the universe (besides the universe itself) to be the human brain, then human societies, and particularly the societies of the hypermodern era into which we have entered and which are the fruit of the interaction of thousands of human minds, and even, since globalisation and the advent of the internet, of the interaction of billions of human minds, are far and away the most complex entities there are to study".[9]
Eric Pichet has translated the three important books in American stock market literature :