Theo Vermaelen

INSEAD - Finance

The Schroders Chaired Professor of International Finance and Asset Management

Boulevard de Constance

F-77305 Fontainebleau Cedex

France

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 6,933

SSRN RANKINGS

Top 6,933

in Total Papers Downloads

7,939

SSRN CITATIONS
Rank 5,482

SSRN RANKINGS

Top 5,482

in Total Papers Citations

88

CROSSREF CITATIONS

158

Scholarly Papers (29)

1.

Are Buybacks Good for Long-Term Shareholder Value? Evidence from Buybacks around the World

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 436/2014, INSEAD Working Paper No. 2013/101/FIN
Number of pages: 65 Posted: 26 Sep 2013 Last Revised: 24 Mar 2018
Alberto Manconi, Urs Peyer and Theo Vermaelen
Bocconi University - Department of Finance, INSEAD - Finance and INSEAD - Finance
Downloads 1,606 (13,517)
Citation 15

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buyback, share repurchase, governance, market timing, agency problems, global regulation

2.
Downloads 1,116 ( 23,575)
Citation 16

Contingent Capital: The Case for COERCs

INSEAD Working Paper No. 2011/133/FIN
Number of pages: 54 Posted: 04 May 2011 Last Revised: 23 Dec 2011
University of Illinois, INSEAD - Finance and University of Luxembourg - Luxembourg School of Finance
Downloads 833 (35,190)
Citation 10

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Contingent Capital: The Case for COERCs

Number of pages: 49 Posted: 16 Mar 2011
University of Illinois, INSEAD - Finance and University of Luxembourg - Luxembourg School of Finance
Downloads 278 (134,682)
Citation 12

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Convertible bonds, bank capital, death spiral, debt overhang

Contingent Capital: The Case for COERCs

CEPR Discussion Paper No. DP8028
Number of pages: 46 Posted: 22 Nov 2010
University of Illinois, INSEAD - Finance and University of Luxembourg - Luxembourg School of Finance
Downloads 5 (771,240)
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Banks, Financial crisis, Financial stability, Security design

3.

Death Spiral Convertibles

Number of pages: 104 Posted: 24 Jun 2001
Pierre Hillion and Theo Vermaelen
INSEAD - Finance and INSEAD - Finance
Downloads 1,059 (25,434)
Citation 18

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Convertibles, financial innovation, anomalies, capital structure

4.

Volatility and the Buyback Anomaly

INSEAD Working Paper No. 2017/16/DSC/FIN
Number of pages: 50 Posted: 27 Mar 2016 Last Revised: 15 Feb 2017
INSEAD, Independent, Check Company and INSEAD - Finance
Downloads 498 (69,959)
Citation 3

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Share Buybacks, Seasoned Equity Offerings, Anomalies

5.

Mimicking Repurchases

Number of pages: 50 Posted: 26 Feb 2005
Massimo Massa, Zahid Rehman and Theo Vermaelen
INSEAD - Finance, BlackRock and INSEAD - Finance
Downloads 490 (71,327)
Citation 18

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Payout policy, repurchases, product market competition, signaling

Market Underreaction to Open Market Share Repurchases

NBER Working Paper No. w4965
Number of pages: 33 Posted: 25 Jul 2000 Last Revised: 30 Jul 2010
David L. Ikenberry, Josef Lakonishok and Theo Vermaelen
Leeds School of Business, University of Colorado Boulder, University of Illinois at Urbana-Champaign and INSEAD - Finance
Downloads 476 (73,152)

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Market Underreaction to Open Market Share Repurchases

Rice University Working Paper Series No 106
Posted: 06 Sep 1999
David L. Ikenberry, Josef Lakonishok and Theo Vermaelen
Leeds School of Business, University of Colorado Boulder, University of Illinois at Urbana-Champaign and INSEAD - Finance

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7.

The Many Facets of Privately Negotiated Stock Repurchases

Number of pages: 39 Posted: 29 Nov 2003
Urs Peyer and Theo Vermaelen
INSEAD - Finance and INSEAD - Finance
Downloads 413 (87,416)
Citation 10

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Are Women Undervalued? Board Gender Diversity and IPO Underpricing

INSEAD Working Paper No. 2021/05/FIN, European Corporate Governance Institute – Finance Working Paper No. 756/2021
Number of pages: 60 Posted: 12 Feb 2021 Last Revised: 13 Jul 2021
P. Raghavendra Rau, Jason Sandvik and Theo Vermaelen
University of Cambridge, A.B. Freeman School of Business and INSEAD - Finance
Downloads 250 (150,199)
Citation 1

Abstract:

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Initial Public Offerings, Going Public Process, Gender Diversity, Underpricing, Investment Banks, Corporate Governance

Are Women Undervalued? Board Gender Diversity and IPO Underpricing

Number of pages: 60 Posted: 18 Feb 2021 Last Revised: 13 Jul 2021
P. Raghavendra Rau, Jason Sandvik and Theo Vermaelen
University of Cambridge, A.B. Freeman School of Business and INSEAD - Finance
Downloads 71 (399,777)

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Initial public offerings, going public process, gender diversity, underpricing, investment banks, corporate governance

9.

Share Buybacks and Gender Diversity

INSEAD Working Paper No. 2017/43/DSC/FIN, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 493/2017
Number of pages: 33 Posted: 25 Jul 2016 Last Revised: 28 Jun 2017
Theodoros Evgeniou and Theo Vermaelen
INSEAD and INSEAD - Finance
Downloads 239 (157,370)

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Gender Diversity, Share Buybacks, Market Timing, Ethics

10.
Downloads 227 (165,446)
Citation 6

Contingent Capital: The Case of COERCs

AFA 2013 San Diego Meetings Paper
Number of pages: 54 Posted: 16 Mar 2012
University of Luxembourg - Luxembourg School of Finance, University of Illinois and INSEAD - Finance
Downloads 167 (218,542)
Citation 5

Abstract:

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crisis, banks, recapitalization, reverse convertible

Contingent Capital: The Case of COERCs

Number of pages: 53 Posted: 26 Jan 2012
University of Luxembourg - Luxembourg School of Finance, University of Illinois and INSEAD - Finance
Downloads 60 (437,220)

Abstract:

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11.

Rights Offerings, Trading, and Regulation: A Global Perspective

INSEAD Working Paper No. 2013/120/FIN
Number of pages: 45 Posted: 17 Oct 2013
Massimo Massa, Theo Vermaelen and Moqi Groen-Xu
INSEAD - Finance, INSEAD - Finance and Queen Mary University of London
Downloads 206 (181,305)
Citation 6

Abstract:

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rights issue, seasoned equity offering, liquidity of rights

12.

Network Centrality and Managerial Market Timing Ability: Evidence from Open-Market Repurchase Announcements

INSEAD Working Paper No. 2018/29/DSC/FIN
Number of pages: 76 Posted: 01 Jul 2016 Last Revised: 31 Jul 2018
Theodoros Evgeniou, Joel Peress, Theo Vermaelen and Ling Yue
INSEAD, INSEAD - Finance, INSEAD - Finance and INSEAD
Downloads 203 (183,772)

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Share Repurchases, Buybacks, Market Anomalies, Networks, Supply Chain, Limited Attention, Firm Complexity

13.
Downloads 190 (195,160)
Citation 5

Choices in Equity Finance: A Global Perspective

INSEAD Working Paper No. 2016/22/FIN
Number of pages: 57 Posted: 02 Apr 2016
INSEAD - Finance, Ghent University - Department of Accountancy and Corporate Finance, INSEAD - Finance and Queen Mary University of London
Downloads 190 (195,084)
Citation 7

Abstract:

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Rights Issue, Seasoned Equity Offer, Liquidity of Rights

Choices in Equity Finance a Global Perspective

CEPR Discussion Paper No. DP11987
Number of pages: 61 Posted: 25 Apr 2017
Queen Mary University of London, INSEAD - Finance, Ghent University - Department of Accountancy and Corporate Finance and INSEAD - Finance
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liquidity of rights, rights issue, seasoned equity offer

14.

Managerial Trustworthiness and Buybacks

Journal of Financial and Quantitative Analysis, Forthcoming, Singapore Management University School of Accountancy Research Paper No. 2021-135
Number of pages: 50 Posted: 27 Nov 2018 Last Revised: 16 Jun 2021
Sterling Huang, Kaisa Snellman and Theo Vermaelen
Singapore Management University - School of Accountancy, INSEAD - Organisational Behavior and INSEAD - Finance
Downloads 177 (207,716)

Abstract:

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Buybacks, Market Timing, CEO Trustworthiness, Buyback Motivations

15.

Acquisition Finance and Market Timing

INSEAD Working Paper No. 2013/107/FIN
Number of pages: 55 Posted: 04 Oct 2013
Theo Vermaelen and Moqi Groen-Xu
INSEAD - Finance and Queen Mary University of London
Downloads 170 (215,029)
Citation 1

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Mergers and acquisitions, Capital structure, Market timing, Mispricing

16.

Stock Repurchases in Canada: Performance and Strategic Trading

NBER Working Paper No. w7325
Number of pages: 37 Posted: 11 Feb 2000 Last Revised: 09 Jul 2021
David L. Ikenberry, Josef Lakonishok and Theo Vermaelen
Leeds School of Business, University of Colorado Boulder, University of Illinois at Urbana-Champaign and INSEAD - Finance
Downloads 154 (233,722)
Citation 1

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17.

Internal Regulation: The Effects of Government Ownership on the Value of the Firm

Journal of Law and Economics, Vol. 29, No. 2, p. 381, 1986
Number of pages: 24 Posted: 11 Jul 2011
Catherine C. Eckel and Theo Vermaelen
Texas A&M University and INSEAD - Finance
Downloads 132 (264,291)
Citation 7

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18.

Political Affiliation and Dividend Tax Avoidance: Evidence from the 2013 Fiscal Cliff

INSEAD Working Paper No. 2014/20/FIN
Number of pages: 39 Posted: 14 Mar 2014
Urs Peyer and Theo Vermaelen
INSEAD - Finance and INSEAD - Finance
Downloads 118 (287,210)

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Supply Chain, Information Transfers, Analyst Following, Forecast Revisions, Forecast Accuracy

19.

Acquisition Finance: Are European Companies Different?

INSEAD Working Paper No. 2016/43/FIN
Number of pages: 40 Posted: 29 Jun 2016
Virginie Mataigne and Theo Vermaelen
Ghent University - Department of Accountancy and Corporate Finance and INSEAD - Finance
Downloads 117 (288,924)

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20.

Share Repurchases

Foundations and Trends in Finance, Vol. 1, No. 3, 2005
Number of pages: 99 Posted: 15 Jun 2010
Theo Vermaelen
INSEAD - Finance
Downloads 26 (587,374)
Citation 1
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21.

Network Centrality and Managerial Market Timing Ability

CEPR Discussion Paper No. DP15240
Number of pages: 95 Posted: 12 Sep 2020
Theodoros Evgeniou, Joel Peress, Theo Vermaelen and Ling YUE
INSEAD, INSEAD - Finance, INSEAD - Finance and affiliation not provided to SSRN
Downloads 1 (776,901)
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Buybacks, insider trading, Market Efficiency, market timing, Network centrality

22.

Which Factors Play a Role in Coco Issuance? Evidence from European Banks

CEPR Discussion Paper No. DP15750
Number of pages: 35 Posted: 11 Feb 2021
Theo Vermaelen, Sara Wagner and Christian C. P. Wolff
INSEAD - Finance, Banque Internationale a Luxembourg and University of Luxembourg - Luxembourg School of Finance
Downloads 0 (793,963)
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The Determinants of CoCo Bond Prices

INSEAD Working Paper No. 2018/50/FIN
Posted: 15 Oct 2018 Last Revised: 08 Jan 2019
Universite du Luxembourg, INSEAD - Finance and University of Luxembourg - Luxembourg School of Finance

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The Determinants of CoCo Bond Prices

INSEAD Working Paper No. 2018/50/FIN
Posted: 15 Oct 2018
Universite du Luxembourg, INSEAD - Finance and University of Luxembourg - Luxembourg School of Finance

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24.

The Nature and Persistence of Buyback Anomalies

The Review of Financial Studies, Vol. 22, Issue 4, pp. 1693-1745, 2009
Posted: 23 Mar 2009
Urs Peyer and Theo Vermaelen
INSEAD - Finance and INSEAD - Finance

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G14, G35

25.

Regulation, Taxes, and Share Repurchases in the United Kingdom

Posted: 16 Mar 2001
Theo Vermaelen and P. Raghavendra Rau
INSEAD - Finance and University of Cambridge

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26.

The Option to Repurchase Stock

Posted: 23 Aug 1998
David L. Ikenberry and Theo Vermaelen
Leeds School of Business, University of Colorado Boulder and INSEAD - Finance

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27.

Bank Waal En Ijssel

Posted: 26 Nov 1996
Theo Vermaelen
INSEAD - Finance

Abstract:

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Glamour, Value and the Post-Acquisition Performance of Acquiring Firms

Posted: 18 Nov 1996
Theo Vermaelen and P. Raghavendra Rau
INSEAD - Finance and University of Cambridge

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Glamour, Value and the Post-Acquisition Performance of Acquiring Firms

Posted: 18 Apr 2001
Theo Vermaelen and P. Raghavendra Rau
INSEAD - Finance and University of Cambridge

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Large Shareholdings and Corporate Control: An Analysis of Stake Purchases by French Holding Companies

EUROPEAN FINANCIAL MANAGEMENT, Vol. 3 No. 1, 1997
Posted: 11 Nov 1996
Benoit Leleux, Saugata Banerjee and Theo Vermaelen
MD - International (Institute for Management Development) - Entrepreneurship and Finance, affiliation not provided to SSRN and INSEAD - Finance

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Large Shareholdings and Corporate Control: An Analysis of Stake Purchases by French Holding Companies

Posted: 16 May 1995
Benoit Leleux, Theo Vermaelen and Saugata Banerjee
MD - International (Institute for Management Development) - Entrepreneurship and Finance, INSEAD - Finance and affiliation not provided to SSRN

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