The paper ‘Asset Pricing Restrictions on Predictability: Frictions Matter’ by Marta Szymanowska (co-authored with Frans de Roon) is forthcoming in Management Science
Dion Bongaerts who has won the ERIM Award for Outstanding Performance by a Young Researcher.
Hao Jiang who has won the ERIM Top Article Award for his paper ‘Institutional investors, intangible information, and the book-to-market effect’ which was published in Journal of Financial Economics.
The paper ´The Implied Cost of Capital: A New Approach´ by Mathijs van Dijk (co-authored by Kewei Hou and Yinglei Zhang) is forthcoming in the Journal of Accounting and Economics.
On Thursday November 11th, 2011 Graduates of the first cohort of the newly-accredited MSc in Finance and Investments Programme (MSc F&I) received their diplom.
Peter Roosenboom has been appointed as Associate Editor of the Journal of Banking and Finance and also the Multinational Finance Journal.
The paper ‘Why Do Firms Go Public? The Role of the Product Market’ (by Peter Roosenboom, Abe de Jong, Teye Marra (University of Groningen) and Carel Huigen (University of Groningen) has been accepted for publication in the Journal of Business, Finance and Accounting.
Dion Bongaerts won the EFA 2011 Best Conference Award for his paper ‘An Asset Pricing Approach to Liquidity Effects in Corporate Bond Markets (co-authored by Frank de Jong and Joost Driessen).
The paper "Understanding commonality in liquidity around the world", by Mathijs van Dijk which is joint work with Andrew Karolyi and Kuan-Hui Lee is unconditionally accepted for the Journal of Financial Economics.
The paper “The stock market price of commodity risk" (by Marta Szymanowska with Martijn Boons and Frans de Roon) has been accepted for the presentation at the 2012 AFA Chicago meeting.
The paper “Banks’ use of credit derivatives and the pricing of loans: What is the channel and does It persist under adverse economic conditions?” (by Lars Norden, Consuelo Silva Buston and Wolf Wagner) has been accepted for presentation at the International Risk Management Conference 2011 in Amsterdam.
The paper Sunshine trading: Flashes of trading intent at the NASDAQ (by Elvira Sojli, Wing Wah Tam and Johannes A. Skjeltorp) will be presented at the European Finance Association Meetings and the American Finance Association Meetings.
The paper “The Impact of Government Intervention in Banks on Corporate Borrowers’ Stock Returns” (by Lars Norden, Peter Roosenboom and Teng Wang) has been accepted for presentation at the European Finance Association 2011 Conference in Stockholm.
The paper “The Impact of Government Intervention in Banks on Corporate Borrowers’ Stock Returns” (by Lars Norden, Peter Roosenboom and Teng Wang), has been accepted for presentation at the IFABS 2011 Conference in Rome.
The paper “Financial Constraints of Private Firms and Government Ownership in Banks” (by Patrick Behr, Lars Norden and Felix Noth), has been accepted for presentation at the IFABS 2011 Conference in Rome.
The paper “Banks’ use of credit derivatives and the pricing of loans: What is the channel and does it persist under adverse economic conditions?” (by Lars Norden, Consuelo Silva Buston and Wolf Wagner) has been accepted for presentation at the IFABS 2011 Conference in Rome.
The paper “Does Equity-Based Compensation Really Have a Dark Side? The Influence of Regulatory Discretion” (by Buhui Qiu with Mike Ferguson and Weihong Song) has been accepted for presentation at the FifthSingapore International Conference on Finance, July 19 & 20, 2011. This is one of the international finance conferences that have the lowest acceptance rate. Only 11 papers accepted (from 180 papers). The same paper also has been accepted for presentation at the 2011 China International Conference in Finance organized by MIT and Tsinghua (acceptance rate 25% only).
The paper “Endogenous Information Disclosure and Regulatory Reforms” (by Buhui Qiu with Renhui Fu and Yong Kim) has been accepted for presentation at the 2011 American Accounting Association Annual Meeting (FARS section). AAA (FARS) is the accounting conference that has the lowest acceptance rate, which is only 10-15%. The paper also has been accepted for presentation at the 2011 China International Conference in Finance organized by MIT and Tsinghua.
The paper “Do Mutual Fund Managers Trade on Stock Intrinsic Values?”(by Marno Verbeek, Yu Wang and Rui Shen has been accepted for presentation at the EFA 2011 meetings in Stockholm, August 17-20, 2011.
The paper "Corporate Financial Constraints, Bank Governance, and Financial System Stability" by Lars Norden (joint with Patrick Behr, Fundacao Getulio Vargas, Rio de Janeiro, and Felix Noth, Goethe University Frankfurt) has been accepted for presentation at the FIRS 2011 Conference in Sydney.
The paper “Bond Market Turnover and Credit Spread Changes” by Viorel Roscovan has been accepted for presentation at the FIRS 2011 Conference in Sydney.
The paper "The Stock Market Price of Commodity Risk" by Marta Szymanowska (joint with Martijn Boons and Frans de Roon, Tilburg University) has been accepted for presentation at the FIRS 2011 Conference in Sydney.
Mathijs Cosemans currently working at the University of Amsterdam will join our department as of December 1st, 2011 as an Assistant Professor. Mathijs has a PhD from Maastricht University. His research and teaching interests lie in the areas of Empirical Asset Pricing, Financial Econometrics, Behavioral Finance and Portfolio Choice.
In May 2011 we will host Sheridan Titman, Miles Livingston, Randall Morck and Gregory Udell as visitors. More information can be found on our visitors website
The paper ‘Bargaining power and information in SME lending’ by Lars Norden (co-authored by Jens Grunert) has been accepted for publication in Small Business Economics.
The paper ‘Why Panel Tests of Purchasing Power Parity Should Allow for Heterogeneous Mean Reversion’ by Mathijs van Dijk and Ben Tims (co-authored by Kees Koedijk) is forthcoming in the Journal of International Money and Finance.
The paper ‘Firms' debt-equity decisions when the static tradeoff theory and the pecking order theory disagree’ by Abe de Jong, Marno Verbeek (co-authored by Patrick Verwijmeren) is accepted for the Journal of Banking and Finance.
Mark Van Achter starts as assistant professor at RSM's Department of Finance. Mark comes from the University of Mannheim and has a PhD from Catholic University of Leuven. His research and teaching interests lie in the areas of Microstructure of Financial Markets, Information and Financial Markets, Experimental Finance, and Industrial Organization.
The papers ‘Loan Growth and Riskiness of Banks’ by Lars Norden (co-authored by Daniel Foos and Martin Weber) and ‘Global Equity Fund Performance, Portfolio Concentration, and the Fundamental Law of Active Management’ by Joop Huij (co-authored by Jeroen Derwall) have been accepted for publication in the Journal of Banking and Finance.
The MSc in Finance & Investments has received the independent accreditation of the NVAO.
The papers "The Implied Cost of Capital: A New Approach" by Mathijs van Dijk (and Kewei Hou), and "Do Higher-Moment Equity Risks Explain Hedge Fund Returns?" by Joop Huij (with Vikas Agarwal and Gurdip Bakshi) have been accepted for presentation at the 2010 Western Finance Association (WFA) Meetings, in Victoria, Canada (June 2010).
Frederik-Paul Schlingemann joins our department as full professor. Frederik's research and teaching interests focus on financing and investment decisions in corporations, particularly related to mergers and acquisitions. He is also an associate professor of finance at the Katz Graduate School of Business at the University of Pittsburgh.
Three top publications accepted! The paper “Derivative Pricing with Liquidity Risk: Theory and Evidence from the Credit Default Swap Market” by Dion Bongaerts (co-authored by Joost Driessen and Frank de Jong) has been accepted at The Journal of Finance. The paper “Credit Line Usage, Checking Account Activity, and Default Risk of Bank Borrowers” by Lars Norden (with Martin Weber) has been accepted at the Review of Financial Studies, and the paper “Why Do Convertible Issuers Simultaneously Repurchase Stock? An Arbitrage-Based Explanation” by Abe de Jong (with Marie Dutordoir and Patrick Verwijmeren) has been accepted for publication in the Journal of Financial Economics.