When France’s Légion d’honneur awards move stock prices: A market signal of political access

Press
JULY 13, 2026
Two articles by Stéphane Benveniste (University of Paris 1, CES, AMSE) and Marc Sangnier (Aix-Marseille University, AMSE) published in VoxEU (CEPR) and The Conversation.

Two articles by Stéphane Benveniste (University of Paris 1, CES, AMSE) and Marc Sangnier (Aix-Marseille University, AMSE) published in VoxEU (CEPR) and The Conversation, about their research on the Legion of Honor as an indicator of political connections. 

🔗 "When France’s Légion d’honneur awards move stock prices: A market signal of political access", CEPR, VoxEU, 9/07/2026

🔗 "Quand la Légion d’honneur fait monter les cours de Bourse : les décorations d’État, signaux de proximité politique ?", The Conversation, 12/07/2026

Member(s)
Stéphane Benveniste, Marc Sangnier

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