Henri Servaes

London Business School

Professor of Finance

Sussex Place

Regent's Park

London NW1 4SA

United Kingdom

http://faculty.london.edu/hservaes/

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • London Business School

    • Email
    • Tel: +44 20 7000 8268
    • Fax: +44 20 7000 8201
SCHOLARLY PAPERS

33

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SSRN CITATIONS
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759

CROSSREF CITATIONS

451

Scholarly Papers (33)

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1.

The Cost of Diversity: The Diversification Discount and Inefficient Investment

Downloads 6,679 ( 1,285)
Citation 66

The Cost of Diversity: The Diversification Discount and Inefficient Investment

CRSP Working Paper No. 463
Number of pages: 79 Posted: 05 Feb 1998
Raghuram G. Rajan, Henri Servaes and Luigi Zingales
University of Chicago - Booth School of Business, London Business School and University of Chicago - Booth School of Business
Downloads 6,542 (1,312)
Citation 70

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The Cost of Diversity: The Diversification Discount and Inefficient Investment

NBER Working Paper No. w6368
Number of pages: 53 Posted: 25 May 2006 Last Revised: 28 May 2021
Raghuram G. Rajan, Henri Servaes and Luigi Zingales
University of Chicago - Booth School of Business, London Business School and University of Chicago - Booth School of Business
Downloads 137 (263,472)

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The Cost of Diversity: The Diversification Discount and Inefficient Investment

Journal of Finance, Vol. 55, No. 1, February 2000
Posted: 11 Apr 2000
Raghuram G. Rajan, Henri Servaes and Luigi Zingales
University of Chicago - Booth School of Business, London Business School and University of Chicago - Booth School of Business

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2.

Mutual Funds Fees Around the World

HBS Finance Working Paper No. 901023
Number of pages: 45 Posted: 08 May 2006
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School
Downloads 3,229 (4,484)
Citation 14

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3.

Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis

Downloads 3,198 ( 4,559)
Citation 157

Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis

Journal of Finance, Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 446/2015
Number of pages: 52 Posted: 28 Jan 2015 Last Revised: 17 Oct 2016
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 3,195 (4,482)
Citation 160

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trust, social capital, corporate social responsibility, financial crisis, stock returns

Social Capital, Trust, and Firm Performance During the Financial Crisis

CEPR Discussion Paper No. DP10399
Number of pages: 49 Posted: 10 Feb 2015
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 3 (804,617)
Citation 1
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corporate social responsibility, financial crisis, social capital, trust

4.

The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness

Management Science, Forthcoming
Number of pages: 34 Posted: 24 Jul 2012
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 2,913 (5,344)
Citation 98

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Corporate social responsibiliy, firm value, customer awareness, reputation

5.

Conflicts of Interest and Competition in the Mutual Fund Industry

Number of pages: 44 Posted: 04 Oct 2000
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School
Downloads 2,033 (9,560)
Citation 17

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6.

Private Equity: Boom and Bust?

Downloads 1,762 ( 12,049)
Citation 9

Private Equity: Boom and Bust?

Journal of Applied Corporate Finance, Vol. 19, No. 4, 2007
Number of pages: 10 Posted: 16 Jan 2008 Last Revised: 24 Jan 2008
Viral V. Acharya, Viral V. Acharya, Julian R. Franks and Henri Servaes
ProfessorNew York University - Leonard N. Stern School of Business, London Business School - Institute of Finance and Accounting and London Business School
Downloads 1,731 (12,183)
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leveraged buyouts, hedge funds, securitization, credit risk transfer, financial crisis, bankruptcy

Private Equity: Boom and Bust?

Journal of Applied Corporate Finance, Vol. 19, Issue 4, pp. 44-53, Fall 2007
Number of pages: 12 Posted: 19 Dec 2007
Viral V. Acharya, Viral V. Acharya, Julian R. Franks and Henri Servaes
ProfessorNew York University - Leonard N. Stern School of Business, London Business School - Institute of Finance and Accounting and London Business School
Downloads 31 (584,181)
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7.

Explaining the Size of the Mutual Fund Industry Around the World

Downloads 1,639 ( 13,445)

Explaining the Size of the Mutual Fund Industry Around the World

Number of pages: 50 Posted: 06 May 2003
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School
Downloads 1,639 (13,263)
Citation 31

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Explaining the Size of the Mutual Fund Industry Around the World

Posted: 14 Sep 2004
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School

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8.

Trust, Social Capital, and the Bond Market Benefits of ESG Performance

Downloads 1,125 ( 23,940)
Citation 17

Trust, Social Capital, and the Bond Market Benefits of ESG Performance

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 535/2017
Number of pages: 62 Posted: 20 Apr 2021
Hami Amiraslani, Karl V. Lins, Henri Servaes and Ane Tamayo
INSEAD, University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 1,124 (23,579)
Citation 23

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ESG, CSR, sustainability, social capital, trust, corporate bonds, bond spreads, agency costs of debt, financial crisis.

A Matter of Trust? The Bond Market Benefits of Corporate Social Capital During the Financial Crisis

CEPR Discussion Paper No. DP12321
Number of pages: 55 Posted: 26 Sep 2017
Hami Amiraslani, Karl V. Lins, Henri Servaes and Ane Tamayo
INSEAD, University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 1 (828,486)
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corporate bonds, cost of debt, CSR, financial crisis, social capital, Trust

9.

Portfolio Manager Ownership and Fund Performance

Downloads 1,111 ( 24,390)
Citation 23

Portfolio Manager Ownership and Fund Performance

ECGI - Finance Working Paper No. 148/2007
Number of pages: 45 Posted: 13 Sep 2006
Ajay Khorana, Henri Servaes and Lei Wedge
Georgia Institute of Technology - Finance Area, London Business School and University of South Florida
Downloads 1,095 (24,524)
Citation 14

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manager ownership, fund performance, mutual fund board

Portfolio Manager Ownership and Fund Performance

CEPR Discussion Paper No. 5931
Number of pages: 44 Posted: 03 Jan 2007
Ajay Khorana, Henri Servaes and Lei Wedge
Georgia Institute of Technology - Finance Area, London Business School and University of South Florida
Downloads 16 (693,869)
Citation 2
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Fund performance, portfolio manager ownership

10.

What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit

AFA 2008 New Orleans Meetings Paper
Number of pages: 46 Posted: 20 Mar 2007 Last Revised: 23 Nov 2008
Karl V. Lins, Henri Servaes and Peter Tufano
University of Utah - Department of Finance, London Business School and University of Oxford - Said Business School
Downloads 1,056 (26,253)
Citation 51

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corporate liquidity, line of credit, cash holdings, investor protection

11.

Roll-Ups: Performance and Incentives for Industry-Consolidating Ipos

AFA 2001 New Orleans
Number of pages: 47 Posted: 18 Aug 2000
Henri Servaes, Amy K. Dittmar and Keith C. Brown
London Business School, University of Michigan at Ann Arbor - The Stephen M. Ross School of Business and University of Texas at Austin - Department of Finance
Downloads 1,018 (27,733)
Citation 1

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Roll-up; Consolidation; IPO; Going-public; Merger; Long-run performance; Ownership; Governance; Board of directors; Acquisitions

12.

Sexism, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #MeToo Movement

Downloads 1,003 ( 28,269)
Citation 2

Sexism, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #MeToo Movement

University of Alberta School of Business Research Paper No. 2019-509 , European Corporate Governance Institute – Finance Working Paper No. 679/2020
Number of pages: 58 Posted: 02 Oct 2019 Last Revised: 01 Sep 2021
Karl V. Lins, Lukas Roth, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis, London Business School and London School of Economics & Political Science (LSE)
Downloads 1,001 (27,927)
Citation 4

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Sexism, culture, female leadership, firm value

Gender, Culture, and Firm Value: Evidence from the Harvey Weinstein Scandal and the #Metoo Movement

CEPR Discussion Paper No. DP14703
Number of pages: 44 Posted: 08 May 2020
Karl V. Lins, Lukas Roth, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, University of Alberta - Department of Finance and Statistical Analysis, London Business School and London School of Economics & Political Science (LSE)
Downloads 2 (815,280)
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13.

Is Corporate Diversification Beneficial in Emerging Markets?

Downloads 973 ( 29,505)

Is Corporate Diversification Beneficial in Emerging Markets?

Number of pages: 42 Posted: 26 Sep 2001
Karl V. Lins and Henri Servaes
University of Utah - Department of Finance and London Business School
Downloads 973 (29,063)
Citation 19

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Corporate diversification, agency costs, governance, emerging markets

Is Corporate Diversification Beneficial in Emerging Markets?

Financial Management, Summer 2002
Posted: 21 May 2002
Karl V. Lins and Henri Servaes
University of Utah - Department of Finance and London Business School

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14.

Corporate Liquidity

Downloads 951 ( 30,502)
Citation 6

Corporate Liquidity

Number of pages: 47 Posted: 30 Jul 2002
Amy K. Dittmar, Henri Servaes and Jan Mahrt-Smith
University of Michigan at Ann Arbor - The Stephen M. Ross School of Business, London Business School and University of Toronto - Rotman School of Management
Downloads 921 (31,479)
Citation 7

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Agency costs, Cash, liquidity, shareholder rights, shareholder protection, international, corporate governance

Corporate Liquidity

Number of pages: 49 Posted: 11 Oct 2002
Amy K. Dittmar, Jan Mahrt-Smith and Henri Servaes
University of Michigan at Ann Arbor - The Stephen M. Ross School of Business, University of Toronto - Rotman School of Management and London Business School
Downloads 30 (590,450)
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Corporate liquidity, cash holdings, shareholder rights

15.

The Role of Social Capital in Corporations: A Review

Oxford Review of Economic Policy, Forthcoming
Number of pages: 29 Posted: 17 Mar 2017
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 884 (33,751)
Citation 6

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Social Capital, Corporate Social Responsibility, Trust, Corporate Culture

16.

The Bright Side of Fire Sales

Downloads 835 ( 36,550)
Citation 10

The Bright Side of Fire Sales

AFA 2015 Boston Meetings Paper, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 435/2014, EFA 2016 Oslo Meetings Paper, Review of Financial Studies
Number of pages: 68 Posted: 30 Jul 2014 Last Revised: 02 Apr 2020
Jean-Marie Meier and Henri Servaes
University of Texas at Dallas and London Business School
Downloads 834 (36,085)
Citation 13

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Fire Sales, Mergers and Acquisitions, Distress, Bankruptcy, Restructuring, Bailouts

Distressed Acquisitions

CEPR Discussion Paper No. DP10093
Number of pages: 55 Posted: 25 Sep 2014
Jean-Marie Meier and Henri Servaes
University of Texas at Dallas and London Business School
Downloads 1 (828,486)
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bankruptcy, distress, fire sales, mergers and acquisitions, restructuring

17.

Changes in Equity Ownership and Changes in the Market Value of the Firm

Downloads 816 ( 37,695)
Citation 40

Changes in Equity Ownership and Changes in the Market Value of the Firm

Number of pages: 43 Posted: 20 Nov 2003
John J. McConnell, Henri Servaes and Karl V. Lins
Purdue University, London Business School and University of Utah - Department of Finance
Downloads 792 (38,738)
Citation 14

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equity ownership, corporate governance

Changes in Equity Ownership and Changes in the Market Value of the Firm

Number of pages: 42 Posted: 28 Jun 2004
John J. McConnell, Henri Servaes and Karl V. Lins
Purdue University, London Business School and University of Utah - Department of Finance
Downloads 24 (631,936)
Citation 4
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Executive stock purchases, firm value, insider ownership

18.

Credit Ratings and Acquisitions

Journal of Corporate Finance, Forthcoming
Number of pages: 54 Posted: 30 May 2018 Last Revised: 28 May 2021
Nihat Aktas, Dimitris Petmezas, Henri Servaes and Nikolaos Karampatsas
WHU - Otto Beisheim School of Management, Durham University Business School, London Business School and affiliation not provided to SSRN
Downloads 704 (46,095)
Citation 4

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credit ratings, acquisition likelihood, acquisition announcement returns, downgrades

19.

Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

Downloads 616 ( 55,000)
Citation 73

Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

Journal of Finance, Forthcoming
Number of pages: 63 Posted: 12 Jun 2011 Last Revised: 22 Jul 2013
Ramin Baghai, Henri Servaes and Ane Tamayo
Stockholm School of Economics, London Business School and London School of Economics & Political Science (LSE)
Downloads 609 (55,120)
Citation 57

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credit ratings, capital structure, debt issues, debt spreads

Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

CEPR Discussion Paper No. DP8446
Number of pages: 47 Posted: 25 Jun 2011
Ramin Baghai, Henri Servaes and Ane Tamayo
Stockholm School of Economics, London Business School and London School of Economics & Political Science (LSE)
Downloads 7 (770,265)
Citation 20
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Capital structure, Credit ratings, Debt issues, Debt spreads

20.

Does Fair Value Reporting Affect Risk Management? International Survey Evidence

Downloads 596 ( 57,258)
Citation 11

Does Fair Value Reporting Affect Risk Management? International Survey Evidence

Financial Management, Forthcoming
Number of pages: 51 Posted: 27 Feb 2009 Last Revised: 09 Jun 2011
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 596 (56,595)
Citation 11

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risk management, speculation, derivatives, fair values, financial reporting standards

Does Fair Value Reporting Affect Risk Management? International Survey Evidence

Financial Management, Forthcoming
Posted: 08 Jun 2011
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)

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risk management, speculation, derivatives, fair values, financial reporting standards

21.

The Determinants of Mutual Fund Starts

Downloads 541 ( 64,641)

The Determinants of Mutual Fund Starts

Number of pages: 42 Posted: 01 Feb 1999
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School
Downloads 541 (63,941)
Citation 10

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The Determinants of Mutual Fund Starts

Posted: 07 Feb 2000
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

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The Determinants of Mutual Fund Starts

Posted: 16 Nov 1999
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

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22.

Corporate Governance, Incentives and Industry Consolidations

Downloads 505 ( 70,007)

Corporate Governance, Incentives and Industry Consolidations

Number of pages: 40 Posted: 26 Apr 2003
Amy K. Dittmar, Keith C. Brown and Henri Servaes
University of Michigan at Ann Arbor - The Stephen M. Ross School of Business, University of Texas at Austin - Department of Finance and London Business School
Downloads 505 (69,758)
Citation 3

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industry consolidation, roll-up, governance, incentives

Corporate Governance, Incentives, and Industry Consolidations

Posted: 16 Nov 2003
Keith C. Brown, Amy K. Dittmar and Henri Servaes
University of Texas at Austin - Department of Finance, University of Michigan at Ann Arbor - The Stephen M. Ross School of Business and London Business School

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industry consolidation, roll-up, ipo, incentives, governance

23.

Intra-Industry Effects of Control Threats on Investment, Financing, and Financial Reporting Quality

Number of pages: 55 Posted: 13 Feb 2008 Last Revised: 17 Jul 2014
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 392 (95,107)
Citation 1

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Hostile takeover, agency costs, investment decisions, capital structure financial reporting quality

24.

The Costs and Benefits of Performance Fees in Mutual Funds

Downloads 389 ( 96,018)
Citation 1

The Costs and Benefits of Performance Fees in Mutual Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 588/2018
Number of pages: 63 Posted: 09 Oct 2018 Last Revised: 10 Dec 2020
Henri Servaes and Kari Sigurdsson
London Business School and Schroders Investment Management
Downloads 389 (95,218)
Citation 2

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performance fees in mutual funds, fund returns, fund expenses, risk-taking incentives, fund flows

The Costs and Benefits of Performance Fees in Mutual Funds

CEPR Discussion Paper No. DP13399
Number of pages: 58 Posted: 07 Jan 2019
Henri Servaes and Kari Sigurdsson
London Business School and Schroders Investment Management
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fund expenses, fund returns, performance fees in mutual funds, risk-taking incentives, value added

25.

How Do Industry Peers Respond to Control Threats?

Management Science, Forthcoming
Number of pages: 39 Posted: 23 Jun 2013
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 317 (120,723)
Citation 4

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Hostile takeover, agency costs, investment decisions, capital structure, payout policy, takeover defenses

26.

The Theory and Practice of Corporate Risk Management

Journal of Applied Corporate Finance, Vol. 21, Issue 4, pp. 60-78, Fall 2009
Number of pages: 20 Posted: 16 Dec 2009
Henri Servaes, Ane Tamayo and Peter Tufano
London Business School, London School of Economics & Political Science (LSE) and University of Oxford - Said Business School
Downloads 7 (740,066)
Citation 4
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27.

Social Capital, Trust, and Corporate Performance: How CSR Helped Companies During the Financial Crisis (and Why it Can Keep Helping Them)

Journal of Applied Corporate Finance, Vol. 31, Issue 2, pp. 59-71, 2019
Number of pages: 15 Posted: 27 May 2020
Karl V. Lins, Henri Servaes and Ane Tamayo
University of Utah - Department of Finance, London Business School and affiliation not provided to SSRN
Downloads 1 (792,075)
Citation 2
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28.

What Drives Market Share in the Mutual Fund Industry

Review of Finance, Forthcoming
Posted: 01 Nov 2011
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

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mutual funds, market share, price competition, product differentiation

29.

Mutual Fund Fees Around the World

The Review of Financial Studies, Vol. 22, Issue 3, pp. 1279-1310, 2009
Posted: 17 Mar 2009
Ajay Khorana, Henri Servaes and Peter Tufano
Georgia Institute of Technology - Finance Area, London Business School and University of Oxford - Said Business School

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G2, L11

30.

The Characteristics of Bidders

Posted: 20 Jul 1998
Henri Servaes
London Business School

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31.

Analyst Following of Initial Public Offerings

J. OF FINANCE, Vol. 50 No. 2, June 1997
Posted: 31 Mar 1997
Raghuram G. Rajan and Henri Servaes
University of Chicago - Booth School of Business and London Business School

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32.

The Value of Diversification During the Conglomerate Merger Wave

J. OF FINANCE, Vol. 51 No. 4, September 1996
Posted: 16 Sep 1996
Henri Servaes
London Business School

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33.

The Role of Investment Banks in Acquisitions

Downloads 0 (808,953)

The Role of Investment Banks in Acquisitions

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 3
Posted: 01 Jul 1996
Henri Servaes and Marc Zenner
London Business School and Citigroup, Inc. - Investment Banking Division

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The Role of Investment Banks in Acquisitions

Posted: 15 Aug 1994
Henri Servaes and Marc Zenner
London Business School and Citigroup, Inc. - Investment Banking Division

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