Profile
Dion Bongaerts is an Professor of Financial Technology and Data Analytics at RSM Erasmus University and Academic Director Fintech at the Erasmus Center for Data Analytics. He specializes in the behavior of credit rating agencies, the pricing of credit risky instruments, the origins and effects of market illiquidity, and FinTech (with a focus on Blockchain and AI). His work has been presented at major conferences around the world, including the AFA, WFA, EFA, and NBER meetings and published in top tier academic journals including the Journal of Finance, Review of Financial Studies, the Journal of Financial Economics, and Management Science. He has received several grants, including a Veni and a Blockchain Research grant from the Dutch National Science Foundation (NWO) and a Lamfalussy Fellowship from the ECB. Prof. Bongaerts holds a PhD degree in Finance from the University of Amsterdam, an MSc in Econometrics from Maastricht University, and has been a visiting scholar at Yale School of Management, University of Pittsburgh, and the Central University of Finance and Economics in Beijing. Moreover, he has several years of professional experience as a risk management quant at ABN-AMRO bank.
Publications
Article (12)
Academic (11)
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Bongaerts, D., & Schoenmaker, D. (2024). Liquidity and clientele effects in green debt markets. Journal of Corporate Finance, 86, Article 102582. https://doi.org/10.1016/j.jcorpfin.2024.102582
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Bongaerts, D., & Schlingemann, F. P. (2024). The real effects of ratings actions: Evidence from corporate asset sales. Management Science, 70(3), 1505–1528. https://doi.org/10.2139/ssrn.2866484, https://doi.org/10.1287/mnsc.2023.4754
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Fisar, M., Greiner, B., Huber, C., Katok, E., Ozkes, A. I., the Management Science Reproducibility Collaboration, Szymanowska, M., Bongaerts, D., Rose, J., Gonzalez Jimenez, V., & Lambert, T. (2024). Reproducibility in Management Science. Management Science, 70(3), 1343–1356. https://doi.org/10.1287/mnsc.2023.03556
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Bongaerts, D., Roll, R., Rösch, D., van Dijk, M., & Yuferova, D. (2022). How Do Shocks Arise and Spread Across Stock Markets? A Microstructure Perspective: A microstructure perspective. Management Science, 68(4), 2377-3174, iv-v. https://doi.org/10.1287/mnsc.2021.3979
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Bongaerts, D., Mazzola, F., & Wagner, W. (2021). Closed for business: The mortality impact of business closures during the Covid-19 pandemic. PLoS ONE, 16(5), e0251373. Article e0251373. https://doi.org/10.1371/journal.pone.0251373
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Bongaerts, D., & Van Achter, MA. (2021). Competition among liquidity providers with access to high-frequency trading technology. Journal of Financial Economics, 140(1), 220-249. https://doi.org/10.1016/j.jfineco.2020.11.002
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Bongaerts, D., Driessen, JJAG., & De Jong, FCJM. (2018). An asset pricing approach to liquidity effects in corporate bond markets. The Review of Financial Studies, 30(4), 1229-1269. https://doi.org/10.1093/rfs/hhx005
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Bongaerts, D., Cremers, KJM., & Goetzmann, WN. (2012). Tiebreaker: Certification and Multiple Credit Ratings. The Journal of Finance, 67(1), 113-152. https://doi.org/10.1111/j.1540-6261.2011.01709.x
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Bongaerts, D., De Jong, FCJM., & Driessen, JJAG. (2011). Derivative Pricing with Liquidity Risk: Theory and Evidence from the Credit Default Swap Market. The Journal of Finance, 66(1), 203-240. https://doi.org/10.1111/j.1540-6261.2010.01630.x
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Bongaerts, D., & Charlier, E. (2009). Private Equity and Regulatory Capital. Journal of Banking and Finance, 33(7), 1211-1220. https://doi.org/10.1016/j.jbankfin.2008.12.015
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Bongaerts, D., Coervers, F., & Hensen, M. (2009). Delimitation and Coherence of Functional and Administrative Regions. Regional Studies, 43, 19-31. https://doi.org/10.1080/00343400701654103
Professional (1)
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Bongaerts, DGJ., Kang, X., & Dijk, M. (2020). Conditional Volatility Targeting. Financial Analysts Journal, 76(4), 54-71. https://doi.org/10.1080/0015198X.2020.1790853
Doctoral Thesis (1)
External (1)
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Bongaerts, D. (2010). Overrated Credit Risk. [Doctoral Thesis, University of Amsterdam]. Uva.
Activities
Additional positions (8)
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RSM BVStart date approval: 04 Oct 2022End date approval: 03 Oct 2025Place: ROTTERDAMDescription: Divers ExecEd/MBA; variabel # uren per opdracht
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SYNNAXStart date approval: 22 Mar 2023End date approval: 21 Mar 2026Place: DUBAIDescription: Advisory on tokenization, blockchain, platform, AI
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Stichting 2TokensStart date approval: 22 Mar 2023End date approval: 21 Mar 2026Place: DEN HAAGDescription: co lecturer course on tokenization
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2TokensStart date approval: 24 Jun 2023End date approval: 23 Jun 2026Place: 'S-GRAVENHAGEDescription: Advies inzake gebruik van blockchain-based tokens
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FinextStart date approval: 30 May 2024End date approval: 29 May 2027Place: DEN HAAGDescription: Middle management bijpraten over AI in Finance
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Europe economicsStart date approval: 25 Jul 2024End date approval: 31 Dec 2024Place: LONDONDescription: Academic advisor report for FCA
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Europe EconomicsStart date approval: 15 Aug 2024End date approval: 31 Dec 2025Place: LONDENDescription: Advies EC DG FISMA
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AchmeaStart date approval: 08 Oct 2024End date approval: 07 Oct 2027Place: APELDOORNDescription: Contra-expertise in rechtszaak
Awards
- ERIM Award for 'Outstanding Performance by a Young Researcher' (2011)
- Fellowship - ERIM early career talent programme (2011)
Courses
Data Management & Ethics
- Study year: 2024/2025, 2023/2024, 2022/2023, 2021/2022, 2020/2021
- Code: BM02BAM
- Level: Master
Principles of Financial Modeling
- Study year: 2024/2025, 2023/2024, 2022/2023, 2021/2022, 2020/2021
- Code: BM08BAM
- Level: Master
Finance & Investments Honours Class
- Study year: 2024/2025, 2023/2024, 2022/2023, 2021/2022, 2020/2021, 2019/2020
- Code: BMHON1FI
- Level: Master
Introduction Week
- Study year: 2024/2025, 2023/2024, 2022/2023, 2021/2022, 2020/2021
- Code: BMIWFI
- Level: Master
FI master thesis
- Study year: 2024/2025, 2023/2024, 2022/2023, 2021/2022
- Code: BMMTFI
- Level: Master
BAM Master Thesis & Internship
- Study year: 2024/2025, 2023/2024, 2022/2023, 2021/2022
- Code: BMMTIBAM
- Level: Master
Past courses
FinTech: Business models and Applications
- Study year: 2023/2024, 2022/2023, 2021/2022
- Code: BM26BAM
- Level: Master
BAM Master Thesis & Internship
- Study year: 2021/2022, 2020/2021
- Code: BMMTBAM
- ECTS: 16 Level: Master
Corporate finance
- Study year: 2020/2021, 2019/2020
- Code: BKB0023
- Level: Bachelor 2, Pre-master
FinTech: Business models and Applications
- Study year: 2020/2021
- Code: BM16BAM
- ECTS: 6 Level: Master
Risk management
- Study year: 2020/2021, 2019/2020, 2018/2019, 2016/2017, 2015/2016
- Code: BM04FI
- ECTS: 5 Level: Master
ERIM Research Clinic Finance
- Study year: 2019/2020, 2017/2018, 2016/2017, 2015/2016
- Code: BERMRC005
- ECTS: 4 Level: Master
Risk Management
- Study year: 2018/2019, 2017/2018, 2016/2017
- Code: BM04FI-A
- ECTS: 4 Level: Master
Topics in FinTech
- Study year: 2017/2018
- Code: BERMSS020
- ECTS: 3 Level: Master
Boundaries of Financial Research
- Study year: 2016/2017, 2015/2016
- Code: BERMASC036
- ECTS: 1 Level: Master
Publishing Strategy
- Study year: 2015/2016
- Code: BERMSKL010
- ECTS: 1 Level: Master
Featured in the media
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Intangible assets yield higher returns
Article that explores research by Dion Bongaerts and his colleagues which shows that companies with many intangible assets provide investors with above-average returns.
Sunday, 7 July 2024 -
Liquidity and clientele effects in green debt markets
Dirk Schoenmaker & Dion Bongaaerts' research on modelling green and regular bond markets proposes an alternative security design that preserves green earmarking but prevents fragmentation.
Monday, 17 June 2024 -
Green bond issuance: Denmark's split offering
An article in which Dion Bongaert's and Dirk Schoenmaker's research on green bonds is mentioned. The research proposed unbundling green bonds into a standard bond and a green certificate to take care of the green earmarking of…
Wednesday, 1 April 2020 -
Studio Erasmus - Kan blockchain het internet redden?
Dion Bongaerts, Associate Professor of Finance at RSM discusses blockchain and the internet during Studio Erasmus.
Monday, 2 March 2020
Featured on RSM Discovery
The recent bitcoin price run-up could be caused by the upcoming bitcoin halving. In an efficient market, this is not something we would expect.