Martin Holmen

University of Gothenburg - Department of Economics

Professor

School of Business, Economics and Law

Box 640

Gothenburg, 40530

Sweden

University of Gothenburg - Centre for Finance

Box 640

Gothenburg, 403 50

Sweden

  • University of Gothenburg - Department of Economics

    • Email
    • Tel: +46 31 786 6442
    • Fax: +46 31 7865114

  • University of Gothenburg - Centre for Finance

SCHOLARLY PAPERS

27

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31

CROSSREF CITATIONS

73

Scholarly Papers (27)

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1.

A Law and Finance Analysis of Initial Public Offerings

Downloads 1,284 ( 22,048)
Citation 6

A Law and Finance Analysis of Initial Public Offerings

Number of pages: 43 Posted: 24 Jul 2000
Peter Högfeldt and Martin Holmen
Stockholm School of Economics - Department of Finance and University of Gothenburg - Department of Economics
Downloads 1,284 (21,678)
Citation 6

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Law and Finance, Initial Public Offerings, Security Design, Dual-Class Shares, Private Control, Ownership Dynamics

A Law and Finance Analysis of Initial Public Offerings

Posted: 07 Nov 2003
Peter Högfeldt and Martin Holmen
Stockholm School of Economics - Department of Finance and University of Gothenburg - Department of Economics

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Law and Finance, Initial Public Offerings, Security Design, Dual-Class Shares, Private Control, Ownership Dynamics

2.

Corporate Diversification and Firm Performance: Evidence from Swedish Acquisitions

Number of pages: 48 Posted: 29 Dec 2000
John A. Doukas, Nickolaos G. Travlos, Nickolaos G. Travlos and Martin Holmen
Old Dominion University - Strome College of Business, University of SurreyALBA Graduate Business School and University of Gothenburg - Department of Economics
Downloads 928 (35,230)
Citation 3

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Acquisitions; Corporate Focus; Diversification

3.

Pyramidal Discounts: Tunneling or Overinvestment?

Downloads 769 ( 45,573)
Citation 10

Pyramidal Discounts: Tunneling or Overinvestment?

ECGI - Working Paper No. 73/2005, EFA 2005 Moscow Meetings Paper
Number of pages: 46 Posted: 03 Mar 2005
Martin Holmen and Peter Högfeldt
University of Gothenburg - Department of Economics and Stockholm School of Economics - Department of Finance
Downloads 767 (45,092)
Citation 13

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Pyramids, closed-end fund puzzle, discounts, agency costs, overcapitalization, overinvestment, tunneling, internal cash flows, retained earnings, separation of ownership and control, intercorporate dividends, corporate taxes, investment-cash flow sensitivity, enhanced pecking order, marginal Tobin's

Pyramidal Discounts: Tunneling or Overinvestment?

International Review of Finance, Vol. 9, Issue 1-2, pp. 133-175, March/June 2009
Number of pages: 43 Posted: 08 Jun 2009
Martin Holmen and Peter Högfeldt
University of Gothenburg - Department of Economics and Stockholm School of Economics - Department of Finance
Downloads 2 (895,618)

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4.

Shareholder Diversification and the Value of Control

Stockholm University School of Business Working Paper; EFA 2002 Berlin Meetings Presented Paper
Number of pages: 37 Posted: 10 Mar 2002
Richard Heaney and Martin Holmen
Australian National University and University of Gothenburg - Department of Economics
Downloads 735 (48,420)
Citation 5

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Shareholder Diversification, Capital Structure, Value of Control

5.

Capital Budgeting and Political Risk: Empirical Evidence

Downloads 706 ( 51,096)
Citation 2

Capital Budgeting and Political Risk: Empirical Evidence

Number of pages: 36 Posted: 08 Feb 2006
Martin Holmen and Bengt Pramborg
University of Gothenburg - Department of Economics and Swedish Export Credit Corporation
Downloads 699 (51,125)
Citation 2

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Capital budgeting, foreign direct investments, political risk, expropriation risk, bounded rationality, deliberation costs

Capital Budgeting and Political Risk: Empirical Evidence

Journal of International Financial Management & Accounting, Vol. 20, Issue 2, pp. 105-134, Summer 2009
Number of pages: 30 Posted: 27 Apr 2009
Martin Holmen and Bengt Pramborg
University of Gothenburg - Department of Economics and Swedish Export Credit Corporation
Downloads 7 (837,584)
Citation 1

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6.

Family Ownership, Dual Class Shares and Risk Management

Downloads 647 ( 57,210)

Family Ownership, Dual Class Shares and Risk Management

Number of pages: 29 Posted: 19 Jun 2003 Last Revised: 06 Aug 2010
Niclas Hagelin, Martin Holmen and Bengt Pramborg
Nordea Bank, Nordea Markets, University of Gothenburg - Department of Economics and Swedish Export Credit Corporation
Downloads 647 (56,484)

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Dual class shares, Hedging, Risk management, Capital structure

Family Ownership, Dual-Class Shares, and Risk Management

Global Finance Journal, Vol. 16, pp. 283-301, 2006
Posted: 08 Nov 2005
Niclas Hagelin, Martin Holmen and Bengt Pramborg
Nordea Bank, Nordea Markets, University of Gothenburg - Department of Economics and Swedish Export Credit Corporation

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Dual-class shares, Hedging, Family firms

7.

Diversification, Ownership and Control of Swedish Corporations

Downloads 418 ( 97,687)
Citation 16

Diversification, Ownership and Control of Swedish Corporations

Number of pages: 55 Posted: 20 Nov 2001
John A. Doukas, Nickolaos G. Travlos, Nickolaos G. Travlos and Martin Holmen
Old Dominion University - Strome College of Business, University of SurreyALBA Graduate Business School and University of Gothenburg - Department of Economics
Downloads 396 (103,102)
Citation 1

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Conglomerate and Non-conglomerate Acquisitions; Corporate Focus; Diversification

Diversification, Ownership and Control of Swedish Corporations

Number of pages: 34 Posted: 18 Mar 2003
John A. Doukas, Nickolaos G. Travlos, Nickolaos G. Travlos and Martin Holmen
Old Dominion University - Strome College of Business, University of SurreyALBA Graduate Business School and University of Gothenburg - Department of Economics
Downloads 22 (698,627)
Citation 1

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8.

Managerial Stock Options and the Hedging Premium

Downloads 282 (150,146)
Citation 6

Managerial Stock Options and the Hedging Premium

Number of pages: 30 Posted: 02 Sep 2004
Niclas Hagelin, Martin Holmen, Bengt Pramborg and John D. Knopf
Nordea Bank, Nordea Markets, University of Gothenburg - Department of Economics, Swedish Export Credit Corporation and University of Connecticut - Department of Finance
Downloads 265 (159,197)

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Hedging, managerial incentives, firm value, risk management

Managerial Stock Options and the Hedging Premium

European Financial Management Journal, Vol. 13, No. 4, pp. 721-741, September 2007
Number of pages: 21 Posted: 15 Aug 2007
Niclas Hagelin, Martin Holmen, John D. Knopf and Bengt Pramborg
Nordea Bank, Nordea Markets, University of Gothenburg - Department of Economics, University of Connecticut - Department of Finance and Swedish Export Credit Corporation
Downloads 17 (740,699)

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9.

The Impact of Family Ownership and Dual Class Shares on Takeover Risk

Number of pages: 30 Posted: 21 Feb 2005
Martin Holmen and Eugene Nivorozhkin
University of Gothenburg - Department of Economics and SSEES, University College London
Downloads 256 (165,469)
Citation 2

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Takeovers, Ownership Structure, Dual Class Shares, Capital Structure, Family Firms, Hazard Functions

10.

The Impact of Controlling Shareholder Diversification on the Firm

Number of pages: 41 Posted: 17 Oct 2003
John D. Knopf, Martin Holmen and Stefan Peterson
University of Connecticut - Department of Finance, University of Gothenburg - Department of Economics and Gothenburg University
Downloads 256 (165,469)

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11.

Cognitive Skills and Economic Preferences in the Fund Industry

Number of pages: 51 Posted: 28 Oct 2019 Last Revised: 23 Sep 2021
Adam Farago, Martin Holmen, Felix Holzmeister, Michael Kirchler and Michael Razen
University of Gothenburg - Centre for Finance, University of Gothenburg - Department of Economics, University of Innsbruck - Department of Economics, University of Innsbruck and University of Innsbruck
Downloads 191 (217,680)

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cognitive skills, economic preferences, fund managers, fund performance, experimental finance

12.

Selection Bias and Event Studies: The Case of Takeover Likelihood and Takeover Premium

Number of pages: 31 Posted: 21 Mar 2009
Martin Holmen and Eugene Nivorozhkin
University of Gothenburg - Department of Economics and SSEES, University College London
Downloads 169 (241,751)
Citation 1

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Takeover likelihood, takeover premium, Heckman selection, dual class shares

13.

Economic Preferences and Personality Traits Among Finance Professionals and the General Population

Number of pages: 49 Posted: 18 Mar 2021
Martin Holmen, Felix Holzmeister, Michael Kirchler, Matthias Stefan and Erik Wengström
University of Gothenburg - Department of Economics, University of Innsbruck - Department of Economics, University of Innsbruck, University of Innsbruck and Department of Economics, Lund University
Downloads 153 (264,051)

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experimental finance, economic preferences, personality traits, finance professionals, general working population.

14.

Inside Shareholders' Effective Tax Rates and Dividends

Number of pages: 28 Posted: 23 Jan 2006
John D. Knopf, Martin Holmen and Stefan Peterson
University of Connecticut - Department of Finance, University of Gothenburg - Department of Economics and Gothenburg University
Downloads 119 (318,297)

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Dividends, Taxes, Insider Ownership

15.

Pyramid IPOs on the Chinese Growth Enterprise Market

Asian Finance Association (AsFA) 2013 Conference
Number of pages: 35 Posted: 08 Feb 2013 Last Revised: 11 Jun 2013
Martin Holmen and Peng Wang
University of Gothenburg - Department of Economics and Hanken School of Economics
Downloads 115 (325,932)

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pyramid ownership structure, Initial Public Offering, Growth Enterprise Market, Underpricing, Oversubscription

16.

Delegated Decision-Making in Finance

Number of pages: 63 Posted: 24 Dec 2019
Felix Holzmeister, Martin Holmen, Michael Kirchler, Matthias Stefan and Erik Wengström
University of Innsbruck - Department of Economics, University of Gothenburg - Department of Economics, University of Innsbruck, University of Innsbruck and Department of Economics, Lund University
Downloads 104 (349,124)

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experimental finance, finance professionals, delegated decision-making

17.

Charity, Incentives, and Performance

Number of pages: 24 Posted: 23 Jan 2013
Oege Dijk and Martin Holmen
Center for Finance and University of Gothenburg - Department of Economics
Downloads 104 (349,124)
Citation 4

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Corporate social responsibility, Charity, Incomplete contracts, Experiments, Reciprocity, Guilt-aversion

18.

Convex Incentives in Financial Markets: An Agent-Based Analysis

Downloads 93 (375,172)

Convex Incentives in Financial Markets: An Agent-Based Analysis

Number of pages: 29 Posted: 25 Nov 2014 Last Revised: 26 Nov 2014
Annalisa Fabretti, Tommy Garling, Stefano Herzel and Martin Holmen
University of Rome Tor Vergata - Tor Vergata Economics University Foundation, University of Gothenburg, University of Rome Tor Vergata - Faculty of Economics and University of Gothenburg - Department of Economics
Downloads 51 (523,171)

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incentives, market instability, agent-based simulations

Convex Incentives in Financial Markets: An Agent-Based Analysis

CEIS Working Paper No. 337
Number of pages: 32 Posted: 09 Apr 2015
Annalisa Fabretti, Tommy Garling, Stefano Herzel and Martin Holmen
University of Rome Tor Vergata - Tor Vergata Economics University Foundation, University of Gothenburg, University of Rome Tor Vergata - Faculty of Economics and University of Gothenburg - Department of Economics
Downloads 42 (567,390)

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incentives, market instability, agent-based simulations.

19.

You Can't Always Get What You Want: An Experiment on Finance Professionals' Decisions for Others

Number of pages: 48 Posted: 30 Jan 2022
Matthias Stefan, Martin Holmen, Felix Holzmeister, Michael Kirchler and Erik Wengström
University of Innsbruck, University of Gothenburg - Department of Economics, University of Innsbruck - Department of Economics, University of Innsbruck and Department of Economics, Lund University
Downloads 89 (385,333)

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experimental finance, finance professionals, delegated decision-making, risk communication

20.

Rank Matters - The Impact of Social Competition on Portfoilio Choice

Number of pages: 31 Posted: 23 Jan 2013
Oege Dijk, Martin Holmen and Michael Kirchler
Center for Finance, University of Gothenburg - Department of Economics and University of Innsbruck
Downloads 74 (429,017)
Citation 12

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Portfolio choice, tournaments, social competition, experiments

21.

Delegation Decisions in Finance

Number of pages: 50 Posted: 30 Jan 2022
Felix Holzmeister, Martin Holmen, Michael Kirchler, Matthias Stefan and Erik Wengström
University of Innsbruck - Department of Economics, University of Gothenburg - Department of Economics, University of Innsbruck, University of Innsbruck and Department of Economics, Lund University
Downloads 69 (445,448)

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experimental finance, finance professionals, delegation decisions

22.

Employees on Corporate Boards

Multinational Finance Journal, Vol. 20, No. 3, p. 237-271, 2016
Number of pages: 35 Posted: 24 Feb 2017
Tom Berglund and Martin Holmen
Hanken School of Economics - Department of Economics and University of Gothenburg - Department of Economics
Downloads 69 (445,448)

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employee representation, board composition, dependent directors, firm performance, corporate governance

23.

Owner-Managers' Equity Portfolio Choice

Number of pages: 30 Posted: 11 Mar 2005
Martin Holmen and Jonas Råsbrant
University of Gothenburg - Department of Economics and Uppsala University - Department of Business Studies
Downloads 59 (481,656)

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Portfolio choice, Under-diversification, Owner-managers

24.

How Tournament Incentives Affect Asset Markets: A Comparison Between Winner-Take-All Tournaments and Elimination Contests

Number of pages: 48 Posted: 05 Apr 2016
Dawei Fang, Martin Holmen, Daniel Kleinlercher and Michael Kirchler
University of Gothenburg - Center For Finance, University of Gothenburg - Department of Economics, University of Innsbruck and University of Innsbruck
Downloads 51 (514,110)

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tournament incentives, investment behavior, market efficiency, experimental finance

25.

Do Option-Like Incentives Induce Overvaluation? Evidence from Exerimental Asset Markets

Number of pages: 37 Posted: 23 Jan 2013
Martin Holmen, Michael Kirchler and Daniel Kleinlercher
University of Gothenburg - Department of Economics, University of Innsbruck and University of Innsbruck
Downloads 25 (655,457)

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Mispricing, incentives, market efficiency, experimental finance

26.

Trading-Off Corporate Control and Personal Diversification Through Capital Structure and Merger Activity

Journal of Business Finance & Accounting, Vol. 34, Issue 9-10, pp. 1470-1495, November/December 2007
Number of pages: 26 Posted: 11 Dec 2007
Martin Holmen, John D. Knopf and Stefan Peterson
University of Gothenburg - Department of Economics, University of Connecticut - Department of Finance and Gothenburg University
Downloads 24 (662,622)

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27.

Meeting New Peers: The Effects of Morningstar Category Reassignment on Fund Flows and Star Ratings

International Review of Financial Analysis, Vol. 77, 2021 https://doi.org/10.1016/j.irfa.2021.101842
Posted: 19 Jul 2021
Dawei Fang, Martin Holmen and Taylan Mavruk
University of Gothenburg - Center For Finance, University of Gothenburg - Department of Economics and University of Gothenburg

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Fund flow, Morningstar category, Morningstar star rating