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

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 650

SSRN RANKINGS

Top 650

in Total Papers Downloads

27,847

CITATIONS
Rank 672

SSRN RANKINGS

Top 672

in Total Papers Citations

746

Scholarly Papers (31)

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 6,374 (725)
Citation 327

Abstract:

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 84 (253,666)
Citation 327

Abstract:

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

Abstract:

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 3,015 (2,601)
Citation 37

Abstract:

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 2,077 (5,188)
Citation 1

Abstract:

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 (579,951)
Citation 1
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Abstract:

corporate social responsibility, financial crisis, social capital, trust

4.

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 1,770 (6,331)
Citation 32

Abstract:

5.
Downloads 1,657 ( 7,849)
Citation 10

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 and London Business School
Downloads 1,626 (7,898)
Citation 10

Abstract:

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 and London Business School
Downloads 31 (406,246)
Citation 10
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Abstract:

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 1,545 (8,576)
Citation 48

Abstract:

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

Abstract:

7.

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 1,416 (6,426)
Citation 10

Abstract:

Corporate social responsibiliy, firm value, customer awareness, reputation

8.
Downloads 998 ( 17,427)
Citation 20

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 982 (17,554)
Citation 20

Abstract:

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 (487,995)
Citation 20
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Abstract:

Fund performance, portfolio manager ownership

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 917 (19,453)
Citation 68

Abstract:

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

Abstract:

10.
Downloads 915 ( 19,896)
Citation 8

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 885 (20,502)
Citation 8

Abstract:

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 (410,777)
Citation 8
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Abstract:

Corporate liquidity, cash holdings, shareholder rights

11.

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 869 (18,312)
Citation 53

Abstract:

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

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 744 (26,402)
Citation 32

Abstract:

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 (447,455)
Citation 32
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Abstract:

Executive stock purchases, firm value, insider ownership

13.

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 637 (26,096)

Abstract:

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

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 577 (37,351)
Citation 5

Abstract:

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)

Abstract:

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

15.
Downloads 517 ( 43,689)
Citation 61

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 517 (43,153)
Citation 61

Abstract:

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

Abstract:

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

Abstract:

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 482 (47,157)
Citation 11

Abstract:

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 (539,091)
Citation 11
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Abstract:

Capital structure, Credit ratings, Debt issues, Debt spreads

17.
Downloads 487 ( 47,089)

The Bright Side of Fire Sales

AFA 2015 Boston Meetings Paper, ECGI - Finance Working Paper No. 435/2014, EFA 2016 Oslo Meetings Paper
Number of pages: 53 Posted: 30 Jul 2014 Last Revised: 12 Jun 2017
Jean-Marie A. Meier and Henri Servaes
London Business School, Department of Finance and London Business School
Downloads 487 (46,511)

Abstract:

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
London Business School, Department of Finance and London Business School
Downloads 0
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Abstract:

bankruptcy, distress, fire sales, mergers and acquisitions, restructuring

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 482 (47,157)
Citation 15

Abstract:

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

Abstract:

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

19.

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 359 (65,446)
Citation 1

Abstract:

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

20.

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 120 (127,410)
Citation 6

Abstract:

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

21.

Credit Ratings and Acquisitions

Number of pages: 55 Posted: 03 Jul 2015 Last Revised: 26 Jun 2017
WHU - Otto Beisheim School of Management, University of Surrey - Surrey Business School, University of Surrey - Surrey Business School and London Business School
Downloads 43 (72,928)

Abstract:

credit ratings, acquisitions, financial constraints, takeover aversion

22.

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 5 (515,694)
Citation 1
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Abstract:

23.

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

Number of pages: 52 Posted: 02 Jun 2017 Last Revised: 12 Sep 2017
INSEAD, University of Utah - Department of Finance, London Business School and London School of Economics & Political Science (LSE)
Downloads 0 (180,544)

Abstract:

CSR, Social Capital, Trust, Corporate Bonds, Cost of Debt, Financial Crisis

24.

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 0 (72,669)

Abstract:

Social Capital, Corporate Social Responsibility, Trust, Corporate Culture

25.

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 0 (551,212)
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Abstract:

26.

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

Abstract:

mutual funds, market share, price competition, product differentiation

27.

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

Abstract:

G2, L11

28.

The Characteristics of Bidders

Posted: 20 Jul 1998
Henri Servaes
London Business School

Abstract:

29.

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

Abstract:

30.

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

Abstract:

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

Abstract:

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

Abstract: