Catherine D'Hondt
Professeure ordinaire
Professor Catherine D’Hondt’s research interests are related to market microstructure and behavioral finance, with a focus on both retail and institutional investors’ behavior and trading strategies. She has also conducted work on the long-term implications of MiFID for European capital markets. Her papers have been presented at academic and practitioner conferences and published in various refereed journals. She teaches finance in various courses and programmes, at both undergraduate and graduate levels. Before joining the Louvain School of Management, she was Associate Professor of Finance at EDHEC Business School in France.
2003 PhD in Management Science FUCaM & University of Perpignan
- Diploma
Year Label Educational Organization 1999 Licencié en sciences de gestion Facultés Universitaires Catholiques de Mons 2003 (missing information) Facultés Universitaires Catholiques de Mons
Research interests: market microstructure; behavioral finance
2024
Plotkina, Daria ; Hoffmann, Arvid O.I. ; Roger, Patrick ; D'Hondt, Catherine. Gender vs. personality: The role of masculinity in explaining cognitive style. In: Journal of Behavioral and Experimental Finance, Vol. 44 (2024). doi:10.1016/j.jbef.2024.100995 (Accepté/Sous presse).
2024
D'Hondt, Catherine ; Roger, Patrick ; Hoffmann, Arvid ; Plotkina, Daria. Is There a Gender Gap in the Birthday‐Number Effect? The Case of Lotto Players and the Role of Sequential Choice. In: Journal of Gambling Studies, (2024). doi:10.1007/s10899-024-10288-5 (Accepté/Sous presse).
2024
De Bondt, Werner ; De Winne, Rudy ; D'Hondt, Catherine. Measuring speculation beyond day trading and bets on lottery-like stocks. In: International Review of Financial Analysis, Vol. 96, no.A, p. 103632 (2024). doi:10.1016/j.irfa.2024.103632.
2024
D'Hondt, Catherine ; De Winne, Rudy ; Todorovic, Aleksandar. Target return as efficient driver of risk-taking. In: Review of Behavioral Finance, Vol. 16, no. 1, p. 130-166 (2024). doi:10.1108/RBF-09-2022-0216.
2023
Boulier, Jean-François ; D'Hondt, Catherine ; Jawadi, Fredj ; Prat, Georges ; Rozin, Philippe ; Taffler, Richard. How Do Investor’s Expectations and Emotions Drive Financial Asset Prices in Times of Crises and Uncertainty: The Analysis of Experts’ Opinions. In: Bankers, Markets & Investors, Vol. 2023/4, no.175, p. 3-12 (2023).
2023
Roger, Patrick ; D'Hondt, Catherine ; Plotkina, Daria ; Hoffmann, Arvid. Number 19: Another Victim of the COVID‐19 Pandemic?. In: Journal of Gambling Studies (Online), Vol. 39, no. 3, p. 1417–1450 (2023). doi:10.1007/s10899-022-10145-3.
2022
Hoffmann, Arvid ; Plotkina, Daria ; Roger, Patrick ; D'Hondt, Catherine. Superstitious beliefs, locus of control, and feeling at risk in the face of Covid-19. In: Personality and Individual Differences, Vol. 196, p. 111718 (2022). doi:10.1016/j.paid.2022.111718 (Accepté/Sous presse).
2022
Desagre, Christophe ; D'Hondt, Catherine ; Petitjean, Mikael. The rise of fast trading: Curse or blessing for liquidity?. In: Finance : revue de l'Association française de finance, Vol. 43, p. 119-158 (2022). doi:10.3917/fina.pr.i.
2022
D'Hondt, Catherine ; Merli, Maxime ; Roger, Tristan. What drives retail portfolio exposure to ESG factors?. In: Finance Research Letters, Vol. 46, no. Part B, p. 102470 (2022). doi:10.1016/j.frl.2021.102470.
2021
D'Hondt, Catherine ; De Winne, Rudy ; Merli, Maxime. Do retail investors bite off more than they can chew? A close look at their return objectives. In: Journal of Economic Behavior & Organization, Vol. 188, p. 879-902 (2021). doi:10.1016/j.jebo.2021.06.009.
2021
Desagre, Christophe ; D'Hondt, Catherine. Googlization and retail trading activity. In: Journal of Behavioral and Experimental Finance, Vol. 29, p. 100453 (2021). doi:10.1016/j.jbef.2020.100453.
2021
Efendic, Emir ; Corneille, Olivier ; D'Hondt, Catherine ; De Winne, Rudy. How risk-prone are people when facing a sure loss? Negative interest rates as a convenient conceptual framework. In: Psychonomic Bulletin & Review, Vol. 28, p. 1715–1725 (2021). doi:10.3758/s13423-021-01921-0.
2021
D'Hondt, Catherine ; McGowan, Richard ; Roger, Patrick. Trading leveraged Exchange-Traded products is hazardous to your wealth. In: The Quarterly Review of Economics and Finance, Vol. 80, p. 287-302 (2021). doi:10.1016/j.qref.2021.02.012.
2021
Corneille, Olivier ; D'Hondt, Catherine ; De Winne, Rudy ; Efendic, Emir ; Todorovic, Aleksandar. What leads people to tolerate negative interest rates on their savings. In: Journal of Behavioral and Experimental Economics, Vol. 93, p. 101714 (2021). doi:10.1016/j.socec.2021.101714.
2020
D'Hondt, Catherine ; De Winne, Rudy ; Ghysels, Eric ; Raymond, Steve. Artificial Intelligence Alter Egos: Who might benefit from robo-investing?. In: Journal of Empirical Finance, Vol. 59, p. 278-299 (2020). doi:10.1016/j.jempfin.2020.10.002.
2018
Bellofatto, Anthony ; D'Hondt, Catherine ; De Winne, Rudy. Subjective Financial Literacy and Retail Investors’ Behavior. In: Journal of Banking and Finance, Vol. 92, no.1, p. 168-181. doi:10.1016/j.jbankfin.2018.05.004.
2018
Corneille, Olivier ; De Winne, Rudy ; D'Hondt, Catherine. The Disposition Effect does not survive disclosure of expected price trends. In: Journal of behavioral and experimental finance, Vol. 20, p. 80-91 (2018). doi:10.1016/j.jbef.2018.08.003.
2017
D'Hondt, Catherine ; Detollenaere, Benoît. Identifying Expensive Trades by Monitoring the Limit Order Book. In: Journal of Forecasting, Vol. 36, p. 273-290 (2017). doi:10.1002/for.2422.
2017
D'Hondt, Catherine ; Roger, Patrick. Investor sentiment and stock return predictability: The power of ignorance. In: Finance, Vol. 38, no. 2, p. 7-37 (2017) (Accepté/Sous presse).
2017
De Winne, Rudy ; D'Hondt, Catherine. La finance comportementale: enjeux et perspectives. In: Regards économiques, Vol. 30, no. 131, p. 1-10 (2017).
2015
D'Hondt, Catherine ; Majois, Christophe ; Mazza, Paolo. Commonality on Euronext: Do Location and Account Type Matter?. In: International Review of Financial Analysis, Vol. 42, p. 183-198 (2015).
2013
Caliman, Thibaut ; D'Hondt, Catherine ; Petitjean, Mikael. Determining an optimal multiplier in dynamic core-satellite strategies. In: The Journal of Asset Management, Vol. 14, no.4, p. 210-227 (2013). doi:10.1057/jam.2013.16.
2010
Majois, Christophe ; D'Hondt, Catherine. Characterizing Commonality on NYSE Euronext Brussels. In: Revue Bancaire et Financiere, Vol. 7, p. 445-451 (2010).
2008
D'Hondt, Catherine ; Giraud, Jean-René. MiFID Pre-trade Transparency Rules: An Investor’s Perspective. In: Journal of Trading, Vol. 3, no. 2 (2008).
2008
D'Hondt, Catherine. Which Execution Improvement for Orders on Euronext?. In: Banque & Marchés, no. 95 (2008).
2007
De Winne, Rudy ; D'Hondt, Catherine. Hidden Liquidity in a Pure Order-Driven Market. In: Finance Letters, Vol. 5 (2007).
2007
De Winne, Rudy ; D'Hondt, Catherine. Hide-and-Seek in the Market: Placing and Detecting Hidden Orders. In: Review of Finance, Vol. 11 (2007).
2004
D'Hondt, Catherine ; Majois, Christophe. Concurrence entre marchés boursiers: la transparence crée-t-elle la liquidité?. In: Revue Bancaire et Financière, Vol. 4 (2004).
2003
De Winne, Rudy ; D'Hondt, Catherine. La liquidité du Bel20 mesurée par la valeur optionelle du carnet d'ordres. In: Revue Bancaire et Financière, Vol. 4 (2003).
2022
El Hichou El Maya, Younes ; D'Hondt, Catherine ; Petitjean, Mikael. What drives retail investment in passive Exchange-Traded Funds ?. 38th International conference of the French Finance Association- AFFI (Saint Malo - France, du 23/05/2022 au 25/05/2022).
2021
El Hichou El Maya, Younes ; D'Hondt, Catherine ; Petitjean, Mikael. Does holding passive ETFs change retail investor's trading behavior for the better?. 37th International Conference of the French Finance Association (AFFI) (Online event , du 26/05/2021 au 28/05/2021).
http://hdl.handle.net/2078.1/249987http://hdl.handle.net/2078.1/254442
2021
El Hichou El Maya, Younes ; D'Hondt, Catherine ; Petitjean, Mikael. Retail Investing in Passive Exchange Traded Funds. European Financial Management Association 2021 Annual Meeting (Online event , du 30/06/2021 au 04/07/2021).
http://hdl.handle.net/2078.1/237026http://hdl.handle.net/2078.1/254441
2021
Todorovic, Aleksandar ; D'Hondt, Catherine ; De Winne, Rudy. Target Return and Negative Interest RAtes. European Financail Management Association (EFMA) 2021 Annual Conference (Online, du 30/06/2021 au 03/07/2021).
2021
Todorovic, Aleksandar ; D'Hondt, Catherine ; De Winne, Rudy. Target Return and Negative Interest Rates. 37th International Conference of the French Finance Association (AFFI) (Online, du 26/05/2021 au 28/05/2021).
2020
El Hichou El Maya, Younes ; D'Hondt, Catherine ; Petitjean, Mikael. Retail Investing in Passive Exchange Traded Funds. 13th RGS Doctoral Conference in Economics 2020 (Dortmund - Germany , du 17/02/2020 au 19/02/2020).
http://hdl.handle.net/2078.1/237026http://hdl.handle.net/2078.1/254437
2020
El Hichou El Maya, Younes ; D'Hondt, Catherine ; Petitjean, Mikael. Retail Investing in Passive Exchange Traded Funds. 6th International Symposium in Computational Economics and Finance ISCEF 2020 (Online (Paris), du 02/04/2020 au 04/04/2021).
http://hdl.handle.net/2078.1/237026http://hdl.handle.net/2078.1/254439
2019
Desagre, Christophe ; D'Hondt, Catherine. Googlization and retail investors' trading activity. 3rd European Capital Market Workshop (Dublin, Ireland, 05/07/2019).
2019
D'Hondt, Catherine. MiFID questionnaires, financial advice and investor behavior. Internal seminar at the Financial Securities and Markets Authority (Brussels, Belgium, 28/02/2019).
2018
D'Hondt, Catherine. De l’homo economicus à l’homo sapiens : enjeux et perspectives pour la finance. CBC conference (Namur, Belgium, 07/06/2018).
2018
Desagre, Christophe ; D'Hondt, Catherine. Googlization and retail investment decisions. 16th Belgian Financial Research Forum (Brussels, 01/06/2018).
2018
Desagre, Christophe ; D'Hondt, Catherine. Googlization and retail investment decisions. Warsaw International Economic Meeting (Warsaw, du 03/07/2018 au 05/07/2018).
2018
Desagre, Christophe ; D'Hondt, Catherine. Googlization and retail investment decisions. 35th Annual Conference of the French Finance Association (Paris, du 22/05/2018 au 24/05/2018).
2018
Desagre, Christophe ; D'Hondt, Catherine ; Petitjean, Mikael. Liquidity and the rise of fast trading on Euronext. 2nd European Capital Market Workshop (London (UK), 09/07/2018).
2018
Desagre, Christophe ; D'Hondt, Catherine ; Petitjean, Mikael. Liquidity and the rise of fast trading on Euronext. Financial Econometrics Conference: Market Microstructure, Limit Order Books and Derivative Markets (Lancaster (UK), du 13/09/2018 au 14/09/2018).
2018
D'Hondt, Catherine. L’impact de la psychologie sur les décisions des investisseurs. Forum financier de Wallonie picarde (Tournai, Belgium, du 17/04/2018 au 17/04/2018).
2017
D'Hondt, Catherine. Are MiFID tests informative ?. Augustin Cournot Doctoral Days (Strasbourg, France , du 27/04/2017 au 28/04/2017).
2017
D'Hondt, Catherine. De l’homo economicus à l’homo sapiens: enjeux et perspectives pour la finance. Conférence de la Société Royale d'Economie Politique de Belgique (Bruxelles, Belgium , 21/03/2017).
2017
Desagre, Christophe ; D'Hondt, Catherine. Googlization and retail investment decisions. 3L Finance Research Workshop (Brussels (Belgium), 29/11/2017).
2016
D'Hondt, Catherine. Apprendre les principes de la finance en classe inversée avec un MOOC . Forum pédagogique du Pôle hainuyer (Mons, Belgium , 21/10/2016).
2016
Desagre, Christophe ; D'Hondt, Catherine ; Petitjean, Mikael. Liquidity and fast trading on Euronext: A historical perspective. UCL-UNamur PhD workshop in Finance (Namur (Belgium), 03/03/2016).
2016
Desagre, Christophe ; D'Hondt, Catherine ; Petitjean, Mikael. Liquidity and the rise of fast trading on Euronext. 33rd International AFFI Conference (Liège (Belgium), du 23/05/2016 au 25/05/2016).
2016
Desagre, Christophe ; D'Hondt, Catherine ; Petitjean, Mikael. Liquidity and the rise of fast trading on Euronext: A historical perspective. 3L Finance Research Workshop (Brussels (Belgium), 29/04/2016).
2015
D'Hondt, Catherine. Les tests MiFID sont-ils informatifs ?. Forum Financier (Tournai (Belgique), 19/11/2015).
2015
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. To what extent can MiFID tests be informative?. Southern Finance Association 2015 Annual Meeting (Captiva Island, Florida (US)).
2015
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. To what extent can MiFID tests be informative?. The 2015 Behavioural Finance Working Group Conference (London).
2015
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. To what extent can MiFID tests be informative?. The 2015 Annual Meeting of the Academy of Behavioral Finance & Economics (Philadelphia).
2015
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. To what extent can MiFID tests be informative?”. The 2015 EFM “Merton H Miller” Doctoral Seminar of the European Financial Management Association (EFMA) (Amsterdam).
2014
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. Beyond the Disposition Effect : Evidence from the 2000-2012 period. The 31st Association Française de Finance (Affi) conference (Aix-en-Provence).
2014
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. Beyond the Disposition Effect: Evidence from the 1999-2012 period. The 2014 EFM “Merton H Miller” Doctoral Seminar of the European Financial Management Association (EFMA) (Rome).
2014
Bellofatto, Anthony ; D'Hondt, Catherine ; De Winne, Rudy. Beyond the Disposition Effect: Evidence from the 1999-2012 period. The 8th Portuguese Finance Network (PFN) (Faro).
2014
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. Beyond the Disposition Effect: Evidence from the 1999-2012 period. The 4th International Conference of the Financial Engineering & Banking Society (FEBS) (Surrey).
2014
Bellofatto, Anthony ; D'Hondt, Catherine ; De Winne, Rudy. Beyond the Disposition Effect: Evidence from the 1999-2012 period. The 6th International Finance And Banking Society (IFABS) conference (Lisbon).
2014
De Winne, Rudy ; D'Hondt, Catherine ; Bellofatto, Anthony. Beyond the Disposition Effect: Evidence from the 1999-2012 period. The 6th International Finance And Banking Society (IFABS) conference, PhD seminar (Lisbon).
2014
D'Hondt, Catherine ; Mazza, Paolo. Small-caps attractiveness for retail investors: Evidence from the 1999-2012 period. Brussels Exchange Forum (Brussels, Belgium, 25/04/2014).
2011
D'hondt, Catherine ; Majois, Christophe. What Characterizes Commonality on European NYSE Euronext Markets?. 28th annual International Conference of the French Finance Association (Montpellier, France, du 11/05/2011 au 13/05/2011).
2006
De Winne, Rudy ; D'Hondt, Catherine. Hide-and-Seek in the Market: Placing and Detecting Hidden Orders. The Quest for Efficiency: The Case of Euronext (Louvain-la-Neuve, Belgique).
2005
De Winne, Rudy ; D'Hondt, Catherine. Market Transparency and Traders' Behavior : An Analysis on Euronext with Full Order Book Data. International Conference on New Financial Market Structures (Montréal, Canada).
2005
De Winne, Rudy ; D'Hondt, Catherine. Market Transparency and Traders' Behavior : An Analysis on Euronext with Full Order Book Data. Financial Economics KULeuven Seminar (Leuven, Belgique).
2005
De Winne, Rudy ; D'Hondt, Catherine. Market Transparency and Traders' Behavior : An Analysis on Euronext with Full Order Book Data. Conference of the Swiss Society for Financial Market Research (Zurich, Suisse).
2005
De Winne, Rudy ; D'Hondt, Catherine. Market Transparency and Traders' Behavior : An Analysis on Euronext with Full Order Book Data. SouthWestern Finance Association Conference (Dallas, USA).
2004
De Winne, Rudy ; D'Hondt, Catherine. Market Transparency and Traders' Behavior: An Analysis on Euronext with Full Order Book Data. 21st International AFFI Conference (Cergy, France).
2003
D'Hondt, Catherine ; François-Heude, Alain ; De Winne, Rudy. Hidden Orders on Euronext: Nothing is quite as it seems. 20th International AFFI Conference (Lyon, France).
2002
D'Hondt, Catherine. The Relationship between Liquidity and Transparency: A Minimum of Opaqueness for a Sufficient Market Liquidity. 29th European Finance Association (EFA) Annual Meeting - Doctoral Seminar (Berlin, Allemagne).
2001
D'Hondt, Catherine ; François-Heude, Alain ; De Winne, Rudy. Hidden Orders : An Empirical Study on the French Segment of Euro.NM. 6th Belgian Financial Research Forum (Gent, Belgique).
2001
D'Hondt, Catherine ; François-Heude, Alain ; De Winne, Rudy. Hidden Orders : An Empirical Study on the French Segment of Euro.NM. 10th Conference on the Theories and Practices of Securities and Financial Markets (SFM) (Kaohsiung, Taiwan).
2001
D'Hondt, Catherine ; François-Heude, Alain ; De Winne, Rudy. Hidden Orders : An Empirical Study on the French Segment of Euro.NM. 18th International AFFI Conference (Namur, Belgique).
2003
D'Hondt, Catherine. Les ordres cachés sur Euronext: un compromis stratégique entre liquidité et transparence, prom. : François-Heude, A. ; De Winne, Rudy, 2003-12-16.
2022
Roger, Patrick ; D'Hondt, Catherine ; Plotkina, Daria ; Hoffmann, Arvid. Number 19: Another Victim of the COVID‐19 Pandemic? (LIDAM Discussion Paper LFIN; 2022/07), 2022. 52 p.
2021
D'Hondt, Catherine ; El Hichou El Maya, Younes ; Petitjean, Mikael. Blaming or praising passive ETFs? (LIDAM Discussion Paper LFIN; 2021/08), 2021. 31 p.
2021
D'Hondt, Catherine ; De Winne, Rudy ; Merli, Maxime. Do retail investors bite off more than they can chew? A close look at their return objectives (LIDAM Discussion Paper LFIN; 2021/03), 2021. 50 p.
2021
D'Hondt, Catherine ; De Winne, Rudy ; Todorovic, Aleksandar. Target Returns and Negative Interest Rates (LIDAM Discussion Paper LFIN; 2021/11), 2021. 29 p.
2020
D'Hondt, Catherine ; El Hichou El Maya, Younes ; Petitjean, Mikael. Retail Investing in Passive Exchange Traded Funds (LFIN Working Paper; 2020/13), 2020. 33 p.
2020
Desagre, Christophe ; D'Hondt, Catherine ; Petitjean, Mikael. The rise of fast trading: Curse or blessing for liquidity?, 2020.
2020
Corneille, Olivier ; D'Hondt, Catherine ; De Winne, Rudy ; Efendic, Emir ; Todorovic, Aleksandar. What leads people to tolerate negative interest rates on their savings? (LFIN Working Paper; 2020/05), 2020. 25 p.
2019
Bellofatto, Anthony ; Broihanne, Marie-Hélène ; D'Hondt, Catherine. Appetite for information and trading behavior, 2019. 34 p.
2019
D'Hondt, Catherine ; De Winne, Rudy ; Ghysels, Eric ; Raymond, Steve. Artificial Intelligence Alter Egos: Who benefits from Robo-investing?, 2019. 75 p.
2019
Efendic, Emir ; D'Hondt, Catherine ; De Winne, Rudy ; Corneille, Olivier. Negative interest rates may be more psychologically acceptable than assumed: Implications for savings, 2019. 27 p.
2018
Desagre, Christophe ; D'Hondt, Catherine. Googlization and retail investment decisions, 2018. 23 p.
2018
Bellofatto, Anthony ; D'Hondt, Catherine ; De Winne, Rudy. Subjective Financial Literacy and Retail Investors' Behavior, 2018.
2017
Bellofatto, Anthony ; D'Hondt, Catherine ; De Winne, Rudy. Financial Literacy and Informativeness of the MiFID Tests, 2017.
2016
D'Hondt, Catherine ; Moyaert, Thibaut. Detecting and Forecasting High Volume Price Impact in the Stock Market, 2016.
2015
Bellofatto, Anthony ; D'Hondt, Catherine ; De Winne, Rudy. To what extent can MiFID tests be informative?, 2015.
2014
Bellofatto, Anthony ; De Winne, Rudy ; D'Hondt, Catherine. Beyond the Disposition Effect: Evidence from the 1999-2012 period, 2014.
2014
D'Hondt, Catherine ; Mazza, Paolo ; Majois, Christophe. Commonality on Euronext: Do Location and Account Type Matter?, 2014.
2012
D'hondt, Catherine ; Petitjean, Mikael ; Caliman, Thibaut. Determining an optimal multiplier in dynamic core-satellite strategies, 2012. 28 p.
2011
Majois, Christophe ; D'Hondt, Catherine. What Characterizes Commonality on European NYSE Euronext Markets?, 2011. 34 p.
2008
D'Hondt, Catherine ; Giraud, Jean-René. Transaction Cost Analysis A-Z: A Step towards Best Execution in the Post-MiFID Landscape, 2008.
2007
D'hondt, Catherine ; Giraud, Jean-René. MiFID: the (in)famous European Directive?, 2007. 32 p.
2007
D'hondt, Catherine ; Giraud, Jean-René. Transaction Cost Analysis in Europe: Current and Best Practices, 2007. 48 p.
2006
De Winne, Rudy ; D'Hondt, Catherine. Hide-and-Seek in the Market: Placing and Detecting Hidden Orders, 2006.
2005
D'Hondt, Catherine ; François-Heude, Alain ; De Winne, Rudy. To Hide or not To Hide?, 2005.