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

SCHOLARLY PAPERS

33

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31,422

SSRN CITATIONS
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261

CROSSREF CITATIONS

450

Scholarly Papers (33)

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 6,478 (960)
Citation 17

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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
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 111 (251,735)

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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 3,206 (3,321)
Citation 12

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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 2,702 (4,352)
Citation 48

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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 1 (693,667)
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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 2,333 (5,699)
Citation 19

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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 1,965 (7,608)
Citation 15

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6.
Downloads 1,718 ( 9,513)
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, Julian R. Franks and Henri Servaes
New York University - Leonard N. Stern School of Business, London Business School - Institute of Finance and Accounting and London Business School
Downloads 1,687 (9,602)

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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, Julian R. Franks and Henri Servaes
New York University - Leonard N. Stern School of Business, London Business School - Institute of Finance and Accounting and London Business School
Downloads 31 (482,263)
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Explaining the Size of the Mutual Fund Industry Around the World

Darden School of Business Working Paper No. 03-04; Harvard NOM Working Paper No. 03-23; EFA 2003 Annual Conference Paper No. 804
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 1,593 (10,588)
Citation 29

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Explaining the Size of the Mutual Fund Industry Around the World

Journal of Financial Economics, Forthcoming
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.
Downloads 1,062 ( 20,132)
Citation 22

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 1,046 (20,198)
Citation 9

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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 (575,029)
Citation 1
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Fund performance, portfolio manager ownership

9.

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 1,029 (21,083)
Citation 24

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

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 949 (23,338)
Citation 15

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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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11.
Downloads 931 ( 24,416)
Citation 6

Corporate Liquidity

Tuck-JQFA Contemporary Corporate Governance Issues II Conference
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 901 (25,198)
Citation 5

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

Corporate Liquidity

CEPR Discussion Paper No. 3499
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 (487,541)
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Corporate liquidity, cash holdings, shareholder rights

12.

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 860 (27,345)
Citation 1

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

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 758 (32,091)
Citation 14

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equity ownership, corporate governance

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

CEPR Discussion Paper No. 4411
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 23 (529,182)
Citation 2
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Executive stock purchases, firm value, insider ownership

14.
Downloads 724 ( 34,688)
Citation 9

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
Number of pages: 68 Posted: 30 Jul 2014 Last Revised: 04 Nov 2018
Jean-Marie A. Meier and Henri Servaes
University of Texas at Dallas and London Business School
Downloads 724 (34,171)
Citation 10

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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 A. Meier and Henri Servaes
University of Texas at Dallas and London Business School
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bankruptcy, distress, fire sales, mergers and acquisitions, restructuring

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 673 (38,272)
Citation 2

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Social Capital, Corporate Social Responsibility, Trust, Corporate Culture

16.
Downloads 605 ( 44,329)
Citation 11

The Bond Market Benefits of Corporate Social Capital

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 535/2017
Number of pages: 63 Posted: 02 Jun 2017 Last Revised: 14 Jun 2019
INSEAD, University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 604 (43,790)
Citation 12

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CSR, Social Capital, Trust, Corporate Bonds, Bond Spreads, 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
INSEAD, University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 1 (693,667)
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corporate bonds, cost of debt, CSR, financial crisis, social capital, Trust

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 591 (44,923)
Citation 9

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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

18.

Credit Ratings and Acquisitions

Number of pages: 53 Posted: 30 May 2018 Last Revised: 30 Sep 2019
WHU - Otto Beisheim School of Management, University of Surrey - Surrey Business School, University of Surrey - Surrey Business School and London Business School
Downloads 579 (46,738)
Citation 4

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credit ratings, acquisition likelihood, acquisition announcement returns, downgrades

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 545 (49,867)
Citation 55

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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 (638,244)
Citation 10
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Capital structure, Credit ratings, Debt issues, Debt spreads

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 530 (51,699)
Citation 3

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The Determinants of Mutual Fund Starts

Review of Financial Studies
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

Review of Financial Studies, Vol. 12, Issue 5
Posted: 16 Nov 1999
Ajay Khorana and Henri Servaes
Georgia Institute of Technology - Finance Area and London Business School

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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 496 (56,258)
Citation 3

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industry consolidation, roll-up, governance, incentives

Corporate Governance, Incentives, and Industry Consolidations

Review of Financial Studies, Forthcoming
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

22.

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 386 (77,095)
Citation 1

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

23.

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 251 (123,623)
Citation 1

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

The Costs and Benefits of Performance Fees in Mutual Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 588/2018
Number of pages: 62 Posted: 09 Oct 2018 Last Revised: 01 Aug 2019
Henri Servaes and Kari Sigurdsson
London Business School and Schroders Investment Management
Downloads 218 (141,803)

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

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.

Does Corporate Culture Add Value? Evidence from the Harvey Weinstein Scandal and the #MeToo Movement

Number of pages: 29 Posted: 02 Oct 2019
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 90 (292,385)

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Corporate culture, gender, female executives, directors

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 (611,386)
Citation 1
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27.

Doing Well by Doing Good?

Business Strategy Review, Vol. 25, Issue 1, pp. 6-6, 2014
Number of pages: 1 Posted: 27 Feb 2014
Henri Servaes and Ane Tamayo
London Business School and London School of Economics & Political Science (LSE)
Downloads 1 (660,898)
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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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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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