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

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

33

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440

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443

Scholarly Papers (33)

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1.

The Cost of Diversity: The Diversification Discount and Inefficient Investment

Downloads 6,619 ( 1,015)
Citation 42

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 6,500 (1,031)
Citation 41

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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 119 (251,647)

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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 3,216 (3,562)
Citation 13

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3.

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

Downloads 2,822 ( 4,453)
Citation 80

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 2,821 (4,359)
Citation 79

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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 (725,647)
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 2,429 (5,701)
Citation 31

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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 1,996 (7,982)
Citation 16

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6.

Private Equity: Boom and Bust?

Downloads 1,734 ( 10,057)
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 1,703 (10,198)

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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 (505,522)
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7.

Explaining the Size of the Mutual Fund Industry Around the World

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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 1,604 (11,203)
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.

Portfolio Manager Ownership and Fund Performance

Downloads 1,086 ( 20,709)
Citation 24

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 1,070 (20,793)
Citation 12

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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
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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 1,038 (22,117)
Citation 34

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

10.

Is Corporate Diversification Beneficial in Emerging Markets?

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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 955 (24,634)
Citation 18

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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.

Corporate Liquidity

Downloads 935 ( 25,818)
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 905 (26,615)
Citation 7

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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 (511,017)
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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 901 (27,219)
Citation 1

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

13.

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

Downloads 790 ( 32,727)
Citation 39

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 767 (33,543)
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 (554,476)
Citation 3
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Executive stock purchases, firm value, insider ownership

14.

The Bright Side of Fire Sales

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Citation 6

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 A. Meier and Henri Servaes
University of Texas at Dallas and London Business School
Downloads 757 (34,146)
Citation 9

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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 734 (36,216)
Citation 4

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Social Capital, Corporate Social Responsibility, Trust, Corporate Culture

16.

The Bond Market Benefits of Corporate Social Capital

Downloads 685 ( 39,765)
Citation 12

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
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 684 (39,263)
Citation 14

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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
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)
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corporate bonds, cost of debt, CSR, financial crisis, social capital, Trust

17.

Credit Ratings and Acquisitions

Number of pages: 53 Posted: 30 May 2018 Last Revised: 15 Nov 2019
Nihat Aktas, Nikolaos Karampatsas, Dimitris Petmezas and Henri Servaes
WHU - Otto Beisheim School of Management, University of Surrey - Surrey Business School, University of Surrey - Surrey Business School and London Business School
Downloads 615 (45,895)
Citation 4

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credit ratings, acquisition likelihood, acquisition announcement returns, downgrades

18.

Does Fair Value Reporting Affect Risk Management? International Survey Evidence

Downloads 592 ( 48,245)
Citation 10

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 592 (47,590)
Citation 10

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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

19.

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

Downloads 568 ( 50,869)
Citation 65

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 561 (51,040)
Citation 60

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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 (669,173)
Citation 9
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Capital structure, Credit ratings, Debt issues, Debt spreads

20.

The Determinants of Mutual Fund Starts

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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 534 (54,346)
Citation 7

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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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21.

Corporate Governance, Incentives and Industry Consolidations

Downloads 500 ( 59,276)

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 500 (59,043)
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 388 (81,046)
Citation 1

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

23.

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

Downloads 304 (106,802)

Gender, 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: 47 Posted: 02 Oct 2019 Last Revised: 07 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 304 (106,229)

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Corporate culture, top executive, gender, societal culture, firm value, #MeToo

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)
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24.

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 275 (118,803)
Citation 2

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

25.

The Costs and Benefits of Performance Fees in Mutual Funds

Downloads 253 (129,626)
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: 61 Posted: 09 Oct 2018 Last Revised: 15 May 2020
Henri Servaes and Kari Sigurdsson
London Business School and Schroders Investment Management
Downloads 253 (129,046)
Citation 1

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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

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 (641,599)
Citation 4
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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 (692,042)
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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

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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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