Patrick Verwijmeren

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

Professor of Corporate Finance

P.O. Box 1738

3000 DR Rotterdam, NL 3062 PA

Netherlands

SCHOLARLY PAPERS

37

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CITATIONS
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85

Scholarly Papers (37)

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 1,879 (7,823)

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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
Rotterdam School of Management, Erasmus University, Erasmus University Rotterdam (EUR) - Department of Financial Management and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 1,055 (19,461)
Citation 4

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

3.

Is Gender in the Eye of the Beholder? Identifying Cultural Attitudes with Art Auction Prices

Number of pages: 60 Posted: 06 Dec 2017
Renee B. Adams, Roman Kräussl, Marco A. Navone and Patrick Verwijmeren
University of Oxford, Luxembourg School of Finance, Finance Discipline Group - UTS Business School and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 1,023 (20,361)

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Art, Auction, Gender, Culture, Inequality

4.

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 Oxford, University of Melbourne - Department of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 1,022 (20,400)
Citation 1

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

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
Rotterdam School of Management, Erasmus University, Erasmus University - Rotterdam School of Management and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 671 (36,942)
Citation 2

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

6.

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
Rotterdam School of Management, Erasmus University, Erasmus University - Rotterdam School of Management and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 655 (38,150)
Citation 6

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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
Rotterdam School of Management, Erasmus University, University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 498 (53,726)
Citation 16

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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
Rotterdam School of Management, Erasmus University, University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 122 (226,120)
Citation 16

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Convertible debt, convertible arbitrage, short selling, stock repurchase

8.

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

The Accounting Review, Vol. 93, No. 3, 2018
Number of pages: 55 Posted: 21 Jan 2015 Last Revised: 13 May 2018
David Veenman and Patrick Verwijmeren
University of Amsterdam - Amsterdam Business School (ABS) and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 604 (42,463)

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

9.

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
Rotterdam School of Management, Erasmus University and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 595 (43,338)
Citation 2

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pecking order theory, static tradeoff theory

10.

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 472 (58,200)
Citation 22

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

11.

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 394 (72,398)

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

12.

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 361 (80,165)
Citation 2

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Director nominations, shareholder empowerment, proxy access, board effectiveness

13.

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 - School 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 355 (81,740)
Citation 3

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

14.
Downloads 343 ( 85,053)
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 225 (132,408)
Citation 9

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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 118 (231,973)
Citation 8

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Convertible security financing, Security design, Net share settlement

15.

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 335 (87,353)
Citation 9

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Convertible securities, convertible arbitrage, hedge funds

16.

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 296 (99,990)

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call policy, dividend protection, convertible securities, security design

17.

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 285 (104,160)
Citation 2

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

18.

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 264 (112,990)

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

19.

Director Attention and Firm Value

Number of pages: 44 Posted: 22 Jun 2017 Last Revised: 12 Nov 2018
Renjie 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 252 (118,604)

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director attention, firm value, busy board, corporate governance

20.

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 250 (119,570)
Citation 5

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

21.

Convertible Arbitrage Price Pressure and Short-Sale Constraints

Financial Analysts Journal, Forthcoming
Number of pages: 39 Posted: 08 Mar 2012
Rotterdam School of Management, Erasmus University, University of Manchester - Manchester Business School, Rabobank International, Netherlands and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 232 (128,924)
Citation 2

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

22.

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 201 (147,806)

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Agglomeration, financial performance, productivity

23.

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 194 (152,835)

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

24.

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 188 (157,243)

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

25.

Wealth Effects of Seasoned Equity Offerings: A Meta Analysis

Number of pages: 51 Posted: 02 Dec 2015 Last Revised: 22 Jun 2018
Chris Veld, Patrick Verwijmeren and Yuriy Zabolotnyuk
Monash University, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Carleton University
Downloads 181 (162,715)

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26.

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 140 (202,254)

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

27.

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 119 (229,451)

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

28.

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 119 (229,451)

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

29.

The External Financing of Investment

Number of pages: 41 Posted: 15 Jun 2017 Last Revised: 04 Apr 2019
Bruce D. Grundy and Patrick Verwijmeren
University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 107 (247,714)

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

30.

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 Oslo and Akershus University College - Oslo Metropolitan University
Downloads 104 (252,670)

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Executive compensation, executive compensation trends, board interlocks

31.

A Run-Down of Merger Target Run-Ups

Number of pages: 45 Posted: 04 Dec 2017 Last Revised: 20 Apr 2018
University of Manchester - Manchester Business School, University of Glasgow, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and University of Glasgow Adam Smith Business School
Downloads 93 (272,036)

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target run-up, mergers and acquisitions, merger prediction, insider trading

32.

The Profits and Losses of Short Sellers

Number of pages: 46 Posted: 11 Feb 2019
Antonio Gargano, Juan M. Sotes-Paladino and Patrick Verwijmeren
University of Melbourne - Department of Finance, University of Melbourne - Department of Finance and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 86 (287,831)

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Short Selling, Profits and Losses, Limits to Arbitrage, Informed Trading, Return Predictability

33.

The Long and the Short of Convertible Arbitrage: An Empirical Examination of Arbitrageurs’ Holding Periods

Journal of Empirical Finance, Forthcoming
Number of pages: 39 Posted: 19 Sep 2017
Mats van Marle and Patrick Verwijmeren
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 56 (360,830)

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Convertible arbitrage, Hedge funds, Security holdings

34.

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 48 (386,391)

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Call policy, Dividend protection, Convertible bonds, Security design

35.

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 33 (443,275)

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Corporate governance, director nominations, proxy access, managerial entrenchment

36.

The Importance of Sovereign Reference Rates for Corporate Debt Issuance: Mind the Gap

Number of pages: 55 Posted: 24 Feb 2019
Sjoerd van Bekkum, Bruce D. Grundy and Patrick Verwijmeren
Erasmus University, University of Melbourne and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 17 (526,829)

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corporate debt issuance, sovereign debt, reference rates, gap filling

37.

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 (650,406)
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