Patrick Verwijmeren

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

P.O. Box 1738

3000 DR Rotterdam, NL 3062 PA

Netherlands

SCHOLARLY PAPERS

32

DOWNLOADS
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CITATIONS
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Top 6,019

in Total Papers Citations

84

Scholarly Papers (32)

1.

Does It Pay to Invest in Art? A Selection-Corrected Returns Perspective

Review of Financial Studies, Vol. 29, No. 4, 2016
Number of pages: 72 Posted: 17 Jun 2013 Last Revised: 12 Jan 2017
Arthur G. Korteweg, Roman Kräussl and Patrick Verwijmeren
University of Southern California - Marshall School of Business, Luxembourg School of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 1,537 (8,593)

Abstract:

Art investing, Alternative Assets, Selection bias, Illiquidity, Portfolio Choice, Asset Allocation, MCMC

2.

The Economic Consequences of IFRS: The Impact of Ias 32 on Preference Shares in the Netherlands

ERIM Report Series Reference No. ERS-2006-021-F&A
Number of pages: 27 Posted: 03 May 2006
Erasmus University - Rotterdam School of Management, Erasmus University Rotterdam (EUR) - Department of Financial Management and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 994 (16,389)
Citation 4

Abstract:

IFRS, Accounting Changes, Economic Consequences, IAS 32, Magnitude Effect, Preference Shares

3.

The Impact of Financing Surpluses and Large Financing Deficits on Tests of the Pecking Order Theory

Financial Management, Forthcoming
Number of pages: 44 Posted: 30 Jan 2007 Last Revised: 11 Aug 2009
Abe de Jong, Marno Verbeek and Patrick Verwijmeren
Erasmus University - Rotterdam School of Management, Erasmus University - Rotterdam School of Management and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 604 (32,480)
Citation 6

Abstract:

Capital structure, pecking order theory, financing deficit

Why Do Convertible Issuers Simultaneously Repurchase Stock? An Arbitrage-Based Explanation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 30 Oct 2007 Last Revised: 09 Apr 2010
Abe de Jong, Marie Dutordoir and Patrick Verwijmeren
Erasmus University - Rotterdam School of Management, University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 465 (48,343)
Citation 16

Abstract:

Convertible debt, convertible arbitrage, short selling, stock repurchases

Why Do Convertible Issuers Simultaneously Repurchase Stock? An Arbitrage-Based Explanation

Number of pages: 56 Posted: 15 Mar 2009 Last Revised: 26 Jan 2012
Abe de Jong, Marie Dutordoir and Patrick Verwijmeren
Erasmus University - Rotterdam School of Management, University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 112 (203,852)
Citation 16

Abstract:

Convertible debt, convertible arbitrage, short selling, stock repurchase

5.

Firms’ Debt-Equity Decisions When the Static Tradeoff Theory and the Pecking Order Theory Disagree

Number of pages: 47 Posted: 07 Aug 2009
Abe de Jong, Marno Verbeek and Patrick Verwijmeren
Erasmus University - Rotterdam School of Management, Erasmus University - Rotterdam School of Management and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 575 (32,997)
Citation 2

Abstract:

Capital structure, pecking order theory, static tradeoff theory, debt capacity

6.

To Have a Target Debt Ratio or Not: What Difference Does it Make?

Applied Financial Economics, Forthcoming
Number of pages: 20 Posted: 22 Oct 2007 Last Revised: 29 Oct 2009
Abe de Jong and Patrick Verwijmeren
Erasmus University - Rotterdam School of Management and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 495 (39,820)
Citation 2

Abstract:

pecking order theory, static tradeoff theory

7.

Do Option Markets Undo Restrictions on Short Sales? Evidence from the 2008 Short-Sale Ban

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 54 Posted: 22 Nov 2009 Last Revised: 22 Dec 2011
Bruce D. Grundy, Bryan Lim and Patrick Verwijmeren
University of Melbourne, University of Melbourne - Department of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 429 (49,829)
Citation 22

Abstract:

short-sale restrictions, option markets, put-call parity

8.
Downloads 327 ( 74,344)
Citation 9

Convertible Security Design and Contract Innovation

Number of pages: 48 Posted: 03 Mar 2009 Last Revised: 23 Nov 2012
Craig M. Lewis and Patrick Verwijmeren
Vanderbilt University - Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 216 (115,315)
Citation 9

Abstract:

Convertible security financing, Convertible debt, Convertible preferred stock, External finance, Security choice decision, Security design, Cash settlement, Net share settlement, Mandatory conversion

Convertible Security Design and Contract Innovation

Number of pages: 47 Posted: 14 Dec 2008 Last Revised: 23 Nov 2012
Craig M. Lewis and Patrick Verwijmeren
Vanderbilt University - Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 111 (205,226)
Citation 8

Abstract:

Convertible security financing, Security design, Net share settlement

9.

Shareholders in the Boardroom: Wealth Effects of the SEC’s Rule to Facilitate Director Nominations

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, 23rd Australasian Finance and Banking Conference 2010 Paper
Number of pages: 50 Posted: 22 Dec 2009 Last Revised: 30 Jun 2011
Ali C. Akyol, Wei Fen Lim and Patrick Verwijmeren
University of Melbourne - Department of Finance, University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 320 (70,100)
Citation 2

Abstract:

Director nominations, shareholder empowerment, proxy access, board effectiveness

10.

The Choice of Seasoned Equity Offerings Methods and Long Term Returns

EFA 2009 Bergen Meetings Paper
Number of pages: 55 Posted: 09 Apr 2008 Last Revised: 29 Mar 2010
La Trobe University -Department of Economics and Finance, University of Queensland, University of Birmingham - Department of Accounting and Finance, University of Southern Queensland and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 317 (70,843)
Citation 3

Abstract:

Rights offerings, Private placements, Takeup, Renounceability, Private benefits of control, Book building, UK

11.

Convertibles and Hedge Funds as Distributors of Equity Exposure

Number of pages: 53 Posted: 11 Mar 2010 Last Revised: 23 Nov 2012
Stephen J. Brown, Bruce D. Grundy, Craig M. Lewis and Patrick Verwijmeren
New York University - Stern School of Business, University of Melbourne, Vanderbilt University - Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 306 (75,106)
Citation 9

Abstract:

Convertible securities, convertible arbitrage, hedge funds

12.

Why are Convertible Bond Announcements Associated with Increasingly Negative Abnormal Stock Returns? An Arbitrage-Based Explanation

Number of pages: 56 Posted: 24 Sep 2010 Last Revised: 16 Feb 2012
Eric Duca, Marie Dutordoir, Chris Veld and Patrick Verwijmeren
Colegio Universitario de Estudios Financieros (CUNEF), University of Manchester - Manchester Business School, Monash University and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 254 (92,032)
Citation 2

Abstract:

Convertible Debt Announcement Effect, Convertible Arbitrage, Short Selling, Hedge Funds

13.

Director Skill Sets

Number of pages: 57 Posted: 11 Dec 2013 Last Revised: 23 Apr 2017
Renee B. Adams, Ali C. Akyol and Patrick Verwijmeren
University of New South Wales, Department of Banking and Finance, University of Melbourne - Department of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 238 (48,523)

Abstract:

Directors; Qualifications; Expertise; Skills; Board effectiveness; Regulation S-K; Diversity

14.

Disappearing Call Delay and Dividend-Protected Convertible Bonds

Journal of Finance, Forthcoming
Number of pages: 38 Posted: 29 Feb 2012 Last Revised: 28 Apr 2015
Bruce D. Grundy and Patrick Verwijmeren
University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 227 (90,166)

Abstract:

call policy, dividend protection, convertible securities, security design

15.

Political Risk and Expected Government Bond Returns

Journal of Empirical Finance, Forthcoming
Number of pages: 29 Posted: 26 Jul 2014 Last Revised: 25 Jan 2016
Johan G. Duyvesteyn, Martin Martens and Patrick Verwijmeren
Robeco Asset Management, Erasmus University Rotterdam (EUR) and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 212 (117,918)

Abstract:

political risk, government bond debt, credit rating, emerging debt

16.

Hole in the Wall: Informed Short Selling Ahead of Private Placements

Number of pages: 56 Posted: 16 Mar 2013 Last Revised: 07 Aug 2014
Henk Berkman, Michael D. McKenzie and Patrick Verwijmeren
University of Auckland - Business School, The University of Sydney - Discipline of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 209 (84,373)

Abstract:

Insider trading, Hedge funds, Private placements, Wall-crossing, Short-selling

17.

Employee Well-Being, Firm Leverage, and Bankruptcy Risk

Journal of Banking and Finance, Forthcoming
Number of pages: 32 Posted: 27 Oct 2009
Patrick Verwijmeren and Jeroen Derwall
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Maastricht University - European Centre for Corporate Engagement
Downloads 190 (112,658)
Citation 5

Abstract:

Employee well-being, Capital structure, Bankruptcy risk, Corporate social responsibility

18.

Agglomeration Effects and Financial Performance

Urban Studies, Forthcoming
Number of pages: 47 Posted: 27 Aug 2007 Last Revised: 29 Oct 2009
Maarten Jennen and Patrick Verwijmeren
RSM Erasmus University and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 170 (132,692)

Abstract:

Agglomeration, financial performance, productivity

19.

Convertible Arbitrage Price Pressure and Short-Sale Constraints

Financial Analysts Journal, Forthcoming
Number of pages: 39 Posted: 08 Mar 2012
Erasmus University - Rotterdam School of Management, University of Manchester - Manchester Business School, Rabobank International, Netherlands and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 168 (124,689)
Citation 2

Abstract:

short selling, short-sale constraints, convertible bonds, convertible arbitrage, price pressure

20.

Do Investors Fully Unravel Persistent Pessimism in Analysts’ Earnings Forecasts?

Number of pages: 55 Posted: 21 Jan 2015 Last Revised: 12 Jun 2017
David Veenman and Patrick Verwijmeren
University of Amsterdam - Amsterdam Business School (ABS) and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 151 (71,289)

Abstract:

Analyst forecast bias, forecast pessimism, earnings announcements, mispricing, earnings surprise, benchmark beating, analyst incentives, anomaly, post-earnings announcement drift

21.

The Elimination of Broker Voting in Director Elections

Finance Research Letters, Forthcoming
Number of pages: 15 Posted: 17 Dec 2011 Last Revised: 22 Mar 2017
Ali C. Akyol, Konrad Raff and Patrick Verwijmeren
University of Melbourne - Department of Finance, Norwegian School of Economics (NHH) and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 116 (142,468)

Abstract:

Shareholder voting, director elections, Securities and Exchange Commission, board effectiveness

22.

Divergence of Sentiment and Stock Market Trading

Journal of Banking and Finance, Forthcoming
Number of pages: 43 Posted: 05 Jul 2014 Last Revised: 11 Feb 2017
Antonios Siganos, Evangelos Vagenas-Nanos and Patrick Verwijmeren
University of Glasgow, University of Glasgow and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 103 (157,656)

Abstract:

Sentiment, Disagreement Models, Divergence of Opinion, Small Investors, Market Integration, Facebook’s Gross National Happiness Index

23.

Closing Loopholes in the Accounting of Convertible Debt and the Impact of Call Features

Number of pages: 33 Posted: 05 Jul 2010
Craig M. Lewis and Patrick Verwijmeren
Vanderbilt University - Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 101 (208,411)

Abstract:

Convertible securities, cash settlements, APB 14-1, call features, earnings management, economic consequences of accounting changes

24.

Learning from Other Firms' Investments: Corporate Governance and Firm Entry

Number of pages: 28 Posted: 04 Dec 2013 Last Revised: 19 Mar 2015
Konrad Raff and Patrick Verwijmeren
Norwegian School of Economics (NHH) and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 62 (220,063)

Abstract:

Corporate Governance, Information Spillovers, Firm Entry, Product Market Competition, Corporate Investment.

25.

Director Influence

Number of pages: 33 Posted: 10 Dec 2014 Last Revised: 10 Aug 2016
Sjoerd van Bekkum, Patrick Verwijmeren and Dan Zhang
Erasmus University, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and BI Norwegian Business School
Downloads 36 (265,966)

Abstract:

Executive compensation, executive compensation trends, board interlocks

26.

Governance Characteristics and the Market Reaction to the SEC's Proxy Access Rule

International Review of Finance, Vol 12, No. 2, 2012
Number of pages: 38 Posted: 05 Jun 2015
Ali C. Akyol, Wei Fen Lim and Patrick Verwijmeren
University of Melbourne - Department of Finance, University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 22 (430,559)

Abstract:

Corporate governance, director nominations, proxy access, managerial entrenchment

27.

Disappearing Call Delay and Dividend-Protected Convertible Bonds: Internet Appendix

Number of pages: 26 Posted: 17 Mar 2015
Bruce D. Grundy and Patrick Verwijmeren
University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 13 (397,055)

Abstract:

Call policy, Dividend protection, Convertible bonds, Security design

28.

The External Financing of Investment

Number of pages: 33 Posted: 15 Jun 2017
Bruce D. Grundy and Patrick Verwijmeren
University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 0 (466,743)

Abstract:

Investment characteristics, financing, debt-equity choice, convertible securities

29.

The Buyers’ Perspective on Security Design: Hedge Funds and Convertible Bond Call Provisions

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 48 Posted: 26 Feb 2016 Last Revised: 21 Jan 2017
Bruce D. Grundy and Patrick Verwijmeren
University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 0 (267,964)

Abstract:

Security design, supply of capital, call provisions, convertibles, hedge funds

30.

Wealth Effects of Seasoned Equity Offerings: A Meta Analysis

Number of pages: 49 Posted: 02 Dec 2015 Last Revised: 17 Mar 2017
Chris Veld, Patrick Verwijmeren and Yuriy Zabolotnyuk
Monash University, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Carleton University
Downloads 0 (234,265)

Abstract:

31.

Hedge Fund Involvement in Convertible Securities

Journal of Applied Corporate Finance, Vol. 25, Issue 4, pp. 60-73, 2013
Number of pages: 16 Posted: 23 Dec 2013
Stephen Brown, Bruce D. Grundy, Craig M. Lewis and Patrick Verwijmeren
New York University (NYU) - Leonard N. Stern School of Business, University of Melbourne, Vanderbilt University - Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 0 (552,972)

Abstract:

32.

Director Attention and Firm Value

Number of pages: 39 Posted: 22 Jun 2017
Renjie (Rex) Wang and Patrick Verwijmeren
Erasmus University Rotterdam (EUR), Erasmus School of Economics (ESE), Students and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 0

Abstract:

director attention, firm value, busy board, corporate governance