Patrick Verwijmeren

Erasmus University Rotterdam (EUR)

Burgemeester Oudlaan 50

3000 DR Rotterdam, Zuid-Holland 3062PA

Netherlands

SCHOLARLY PAPERS

47

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101

Scholarly Papers (47)

1.
Downloads 5,572 ( 1,889)

Non-Standard Errors

University of St.Gallen, School of Finance Research Paper No. 2021/17
Number of pages: 56 Posted: 23 Nov 2021 Last Revised: 08 Apr 2022
Albert J. Menkveld, Anna Dreber, Felix Holzmeister, Juergen Huber, Magnus Johannesson, Michael Kirchler, Michael Razen, Utz Weitzel, David Abad, Menachem (Meni) Abudy, Tobias Adrian, Yacine Ait-Sahalia, Olivier Akmansoy, Jamie Alcock, Vitali Alexeev, Arash Aloosh, Livia Amato, Diego Amaya, James Angel, Amadeus Bach, Edwin Baidoo, Gaetan Bakalli, Andrea Barbon, Oksana Bashchenko, Parampreet Christopher Bindra, Geir Hoidal Bjonnes, Jeff Black, Bernard S. Black, Santiago Bohorquez, Oleg Bondarenko, Charles S. Bos, Ciril Bosch-Rosa, Elie Bouri, Christian T. Brownlees, Anna Calamia, Viet Nga Cao, Gunther Capelle-Blancard, Laura Capera, Massimiliano Caporin, Allen Carrion, Tolga Caskurlu, Bidisha Chakrabarty, Mikhail Chernov, William M. Cheung, Ludwig B. Chincarini, Tarun Chordia, Sheung Chi Chow, Benjamin Clapham, Jean-Edouard Colliard, Carole Comerton-Forde, Edward Curran, Thong Dao, Wale Dare, Ryan J. Davies, Riccardo De Blasis, Gianluca De Nard, Fany Declerck, Oleg Deev, Hans Degryse, Solomon Deku, Christophe Desagre, Mathijs A. Van Dijk, Chukwuma Dim, Thomas Dimpfl, Yunjiang Dong, Philip Drummond, Tom Dudda, Ariadna Dumitrescu, Teodor Dyakov, Anne Haubo Dyhrberg, Michał Dzieliński, Asli Eksi, Izidin El Kalak, Saskia ter Ellen, Nicolas Eugster, Martin D.D. Evans, Michael Farrell, Ester Félez-Viñas, Gerardo Ferrara, El Mehdi FERROUHI, Andrea Flori, Jonathan Fluharty-Jaidee, Sean Foley, Kingsley Y. L. Fong, Thierry Foucault, Tatiana Franus, Francesco A. Franzoni, Bart Frijns, Michael Frömmel, Servanna Fu, Sascha Füllbrunn, Baoqing Gan, Thomas Gehrig, Dirk Gerritsen, Javier Gil-Bazo, Lawrence R. Glosten, Thomas Gomez, Arseny Gorbenko, Ufuk Güçbilmez, Joachim Grammig, Vincent Gregoire, Björn Hagströmer, Julien Hambuckers, Erik Hapnes, Jeffrey H. Harris, Lawrence Harris, Simon Hartmann, Jean-Baptiste Hasse, Nikolaus Hautsch, Xuezhong He, Davidson Heath, Simon Hediger, Terrence Hendershott, Ann Marie Hibbert, Erik Hjalmarsson, Seth A. Hoelscher, Peter Hoffmann, Craig W. Holden, Alex R. Horenstein, Wenqian Huang, Da Huang, Christophe Hurlin, Alexey Ivashchenko, Subramanian R. Iyer, Hossein Jahanshahloo, Naji Jalkh, Charles M. Jones, Simon Jurkatis, Petri Jylha, Andreas Kaeck, Gabriel Kaiser, Arzé Karam, Egle Karmaziene, Bernhard Kassner, Markku Kaustia, Ekaterina Kazak, Fearghal Kearney, Vincent van Kervel, Saad Khan, Marta Khomyn, Tony Klein, Olga Klein, Alexander Klos, Michael Koetter, Jan Pieter Krahnen, Aleksey Kolokolov, Robert A. Korajczyk, Roman Kozhan, Amy Kwan, Quentin Lajaunie, FY Eric C Lam, Marie Lambert, Hugues Langlois, Jens Lausen, Tobias Lauter, Markus Leippold, Vladimir Levin, Yijie Li, (Michael) Hui Li, Chee Yoong Liew, Thomas Lindner, Oliver B. Linton, Jiacheng Liu, Anqi Liu, Guillermo Llorente, Matthijs Lof, Ariel Lohr, Francis A. Longstaff, Alejandro Lopez-Lira, Shawn Mankad, Nicola Mano, Alexis Marchal, Charles Martineau, Francesco Mazzola, Debrah Meloso, Roxana Mihet, Vijay Mohan, Sophie Moinas, David Moore, Liangyi Mu, Dmitriy Muravyev, Dermot Murphy, Gabor Neszveda, Christian Neumeier, Ulf Nielsson, Mahendrarajah Nimalendran, Sven Nolte, Lars L. Norden, Peter O'Neill, Khaled Obaid, Bernt Arne Ødegaard, Per Östberg, Marcus Painter, Stefan Palan, Imon Palit, Andreas Park, Roberto Pascual, Paolo Pasquariello, Lubos Pastor, Vinay Patel, Andrew J. Patton, Neil D. Pearson, Loriana Pelizzon, Matthias Pelster, Christophe Pérignon, Cameron Pfiffer, Richard Philip, Tomáš Plíhal, Puneet Prakash, Oliver-Alexander Press, Tina Prodromou, Tālis J. Putniņš, Gaurav Raizada, David A. Rakowski, Angelo Ranaldo, Luca Regis, Stefan Reitz, Thomas Renault, Rex Wang Renjie, Roberto Renò, Steven Riddiough, Kalle Rinne, Paul Rintamäki, Ryan Riordan, Thomas Rittmannsberger, Iñaki Rodríguez-Longarela, Dominik Rösch, Lavinia Rognone, Brian Roseman, Ioanid Rosu, Saurabh Roy, Nicolas Rudolf, Stephen Rush, Khaladdin Rzayev, Aleksandra Rzeźnik, Anthony Sanford, Harikumar Sankaran, Asani Sarkar, Lucio Sarno, O. Scaillet, Stefan Scharnowski, Klaus Reiner Schenk-Hoppé, Andrea Schertler, Michael Schneider, Florian Schroeder, Norman Schürhoff, Philipp Schuster, Marco A. Schwarz, Mark S. Seasholes, Norman Seeger, Or Shachar, Andriy Shkilko, Jessica Shui, Mario Sikic, Giorgia Simion, Lee A. Smales, Paul Söderlind, Elvira Sojli, Konstantin Sokolov, Laima Spokeviciute, Denitsa Stefanova, Marti G. Subrahmanyam, Sebastian Neusüss, Barnabas Szaszi, Oleksandr Talavera, Yuehua Tang, Nicholas Taylor, Wing Wah Tham, Erik Theissen, Julian Thimme, Ian Tonks, Hai Tran, Luca Trapin, Anders B. Trolle, Giorgio Valente, Robert A. Van Ness, Aurelio Vasquez, Thanos Verousis, Patrick Verwijmeren, Anders Vilhelmsson, Grigory Vilkov, Vladimir Vladimirov, Sebastian Vogel, Stefan Voigt, Wolf Wagner, Thomas Walther, Patrick Weiss, Michel van der Wel, Ingrid M. Werner, P. Joakim Westerholm, Christian Westheide, Evert Wipplinger, Michael Wolf, Christian C. P. Wolff, Leonard Wolk, Wing-Keung Wong, Jan Wrampelmeyer, Shuo Xia, Dacheng Xiu, Ke Xu, Caihong Xu, Pradeep K. Yadav, José Yagüe, Cheng Yan, Antti Yang, Woongsun Yoo, Wenjia Yu, Shihao Yu, Bart Z. Yueshen, Darya Yuferova, Marcin Zamojski, Abalfazl Zareei, Stefan Zeisberger, S. Sarah Zhang, Xiaoyu Zhang, Zhuo Zhong, Z. Ivy Zhou, Chen Zhou, Xingyu Sonya Zhu, Marius Zoican, Remco C. J. Zwinkels, Jian Chen, Teodor Duevski, Ge Gao, Roland Gemayel, Dudley Gilder, Paul Kuhle, Emiliano Pagnotta, Michele Pelli, Jantje Sönksen, Lu Zhang, Konrad Ilczuk, Dimitar Bogoev, Ya Qian, Hans C. Wika, Yihe Yu, Lu Zhao, Michael Mi, Li Bao, Andreea Vaduva, Marcel Prokopczuk, Marcel Prokopczuk, Alejandro Avetikian and Zhen-Xing Wu
Vrije Universiteit Amsterdam, Stockholm School of Economics - Department of Economics, University of Innsbruck - Department of Economics, University of Innsbruck, Stockholm School of Economics - Department of Economics, University of Innsbruck, University of Innsbruck, VU University Amsterdam, Universidad de Alicante, Bar-Ilan University - Graduate School of Business Administration, International Monetary Fund, Princeton University - Department of Economics, CNRS, University of Oxford, University of Technology Sydney, Neoma Business School, University of Chicago - Booth School of Business, Wilfrid Laurier University, Georgetown University - Department of Finance, University of Mannheim, Tennessee Technological University, Auburn University, University of St. Gallen, Swiss Finance Institute - HEC Lausanne, University of Innsbruck, BI Norwegian Business School, University of Memphis, Northwestern University - Pritzker School of Law, Universidad EAFIT, University of Illinois at Chicago - Department of Finance, VU University Amsterdam, Technische Universität Berlin, Lebanese American University, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences, Toulouse Business School - TBS Education, Monash University, Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES), Vrije Universiteit Amsterdam, University of Padua - Department of Statistical Sciences, University of Memphis - Fogelman College of Business and Economics, University of Amsterdam Business School, Saint Louis University - Richard A. Chaifetz School of Business, UCLA Anderson, Waseda University, University of San Francisco, Emory University - Department of Finance, Australian National University (ANU), Goethe University Frankfurt Faculty of Economics and Business Administration, HEC Paris - Finance Department, University of Melbourne - Department of Finance, Macquarie University - Faculty of Business and Economics, Nottingham Trent University, University of Liège - HEC Liège, Babson College - Finance Division, Polytechnic University of Marche - Department of Management, University of Zurich - Department of Banking and Finance, Universite de Toulouse 1 Capitole, Masaryk University, KU Leuven - Faculty of Business and Economics (FEB), Nottingham Trent University - Nottingham Business School, Catholic University of Louvain (UCL) - Louvain Finance (LFIN), Erasmus University Rotterdam (EUR), Frankfurt School of Finance & Management, University of Hohenheim, Queen's University (Canada), Queen's School of Business, Students, Monash University, Technische Universität Dresden, ESADE Business School, EDHEC Business School, The University of Sydney - Discipline of Finance, Stockholm Business School, Stockholm University, Salisbury University - Perdue School of Business, Cardiff Business School, Norges Bank, University of Queensland - Business School, Georgetown University - Department of Economics, University of Virginia - Darden School of Business, University of Technology Sydney, Bank of England, Ibn Tofail University, Politecnico di Milano, Public Company Accounting Oversight Board, Macquarie University, University of New South Wales - School of Banking and Finance, HEC Paris - Finance Department, City, University of London - Bayes Business School, Universita della Svizzera italiana (USI Lugano), Open University of the Netherlands - School of Management, Ghent University - Department of Financial Economics, University of Essex, Radboud University Nijmegen - Institute for Management Research, University of Technology Sydney, University of Vienna, Utrecht University - School of Economics, Universitat Pompeu Fabra, Columbia University, Utrecht University, Monash University - Department of Banking and Finance, University of Glasgow - Adam Smith Business School, University of Tuebingen, HEC Montreal - Department of Finance, Stockholm University - Stockholm Business School, University of Liège - HEC Liège, Aalto University, American University - Department of Finance and Real Estate, University of Southern California - Marshall School of Business - Finance and Business Economics Department, Vienna University of Economics and Business, Aix-Marseille University - Aix-Marseille School of Economics, University of Vienna - Department of Statistics and Operations Research, Xi'an Jiaotong-Liverpool University (XJTLU), University of Utah - David Eccles School of Business, University of Zurich - Department of Banking and Finance, University of California, Berkeley - Haas School of Business, West Virginia University - Department of Finance, University of Gothenburg - Centre for Finance, Missouri State University - College of Business, European Central Bank (ECB), Indiana University - Kelley School of Business - Department of Finance, University of Miami - School of Business Administration - Department of Economics, Bank for International Settlements, University of Utah - David Eccles School of Business, University of Orleans, VU University Amsterdam, University of New Mexico, Cardiff University, Saint Joseph University, Columbia University, Bank of England, Aalto University, University of Sussex, Universite du Luxembourg, Durham University, VU University Amsterdam, Ludwig-Maximilians-Universität München, Aalto University, University of Manchester, Queen's University Belfast - Queen's Management School, Pontifical Catholic University of Chile, HEC Montreal, The University of Adelaide, Queen's University Belfast - Queen's Management School, University of Warwick - Warwick Business School, University of Kiel - Institute for Quantitative Business and Economics Research (QBER), Halle Institute for Economic Research, Goethe University Frankfurt, University of Manchester - Manchester Business School, Northwestern University - Kellogg School of Management, University of Warwick - Warwick Business School, University of New South Wales (UNSW), Square Research Center, Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Liège - HEC Liège, HEC Paris - Finance Department, Goethe University Frankfurt - Faculty of Economics and Business Administration, Leibniz University Hannover, University of Zurich, Universite du Luxembourg, S&P Global Ratings, La Trobe University, UCSI University, Malaysia, Vienna University of Economics and Business, University of Cambridge, Purdue University, The University of Sydney, Universidad Autonoma de Madrid, Aalto University, Arizona State University (ASU) - Finance Department, University of California, Los Angeles (UCLA) - Finance Area, University of Florida - Department of Finance, Insurance and Real Estate, North Carolina State University - Department of Business Management, Swiss Finance Institute - USI Lugano, EPFL, University of Toronto - Rotman School of Management and UTSC Management, Erasmus University Rotterdam (EUR), Toulouse Business School - TBS Education, Swiss Finance Institute - HEC Lausanne, RMIT University, Universite de Toulouse 1 Capitole, Loyola Marymount University, Queen's University Belfast, Michigan State University - Department of Finance, University of Illinois at Chicago, John von Neumann University - MNB Institute, Macquarie University, Copenhagen Business School, University of Florida - Department of Finance, Insurance and Real Estate, Radboud University, Stockholm University - Stockholm Business School, Financial Conduct Authority, California State University-East Bay, University of Stavanger, University of Zurich - Department of Banking and Finance, Saint Louis University - Department of Finance, University of Graz, RMIT University - Blockchain Innovation Hub, University of Toronto at Mississauga, Universidad de las Islas Baleares, University of Michigan, Stephen M. Ross School of Business, University of Chicago - Booth School of Business, University of Technology Sydney (UTS), Duke University - Department of Economics, University of Illinois at Urbana-Champaign - Department of Finance, Goethe University Frankfurt - Faculty of Economics and Business Administration, Paderborn University, HEC Paris - Finance Department, University of Oregon - Department of Finance, University of Sydney Business School, Masaryk University - Department of finance, Missouri State University, Copenhagen Business School, The University of Wollongong, University of Technology Sydney (UTS), Indian Institute of Management, Ahmedabad, University of Texas at Arlington, University of St. Gallen, University of Turin, University of Kiel, Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES), VU University Amsterdam, University of Verona - Department of Economics, University of Toronto, Universite du Luxembourg - Department of Finance, Aalto University, Queen's University - Smith School of Business, University of Innsbruck, Stockholm University - Stockholm Business School, State University of New York at Buffalo - School of Management, University of Manchester - Alliance Manchester Business School, Oklahoma State University - Department of Finance, HEC Paris - Finance Department, University of Massachusetts Amherst, University of Lausanne, Bowling Green State University - Department of Finance, University of Edinburgh, York University - Schulich School of Business, HEC Montreal - Department of Finance, New Mexico State University, Federal Reserve Bank of New York, University of Cambridge - Judge Business School, Swiss Finance Institute - University of Geneva, University of Mannheim, University of Manchester - Department of Economics, University of Graz, Deutsche Bundesbank, Macquarie University, Swiss Finance Institute - HEC Lausanne, University of Stuttgart, Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE), Arizona State University (ASU), VU University Amsterdam, Federal Reserve Bank of New York, Wilfrid Laurier University - Lazaridis School of Business and Economics, Federal Housing Finance Agency, University of Zurich, Vienna University of Economics and Business, University of Western Australia, University of St. Gallen, UNSW Australia Business School, School of Banking and Finance, University of Memphis - Fogelman College of Business and Economics, Cardiff University, Universite du Luxembourg, New York University (NYU) - Leonard N. Stern School of Business, Aalto University, Eötvös Loránd University, University of Birmingham, University of Florida - Department of Finance, University of Bristol - School of Economics, Finance and Management, University of New South Wales (UNSW), University of Mannheim - Finance Area, Karlsruhe Institute of Technology, University of Bristol, Loyola Marymount University - Department of Finance, University of Bologna, Copenhagen Business School, Hong Kong Institute for Monetary and Financial Research (HKIMR), University of Mississippi - Department of Finance, Instituto Tecnológico Autónomo de México (ITAM) - Department of Business Administration, University of Essex, Erasmus University Rotterdam (EUR), Lund University - Department of Economics, Frankfurt School of Finance & Management, University of Amsterdam Business School, Erasmus University Rotterdam (EUR), University of Copenhagen, Erasmus University Rotterdam (EUR), Utrecht University - School of Economics, Vienna University of Economics and Business - Department of Finance, Accounting & Statistics, Erasmus University Rotterdam, The Ohio State University - Fisher College of Business, University of Sydney Business School, University of Vienna - Department of Finance, Vrije Universiteit Amsterdam, School of Business and Economics, University of Zurich - Department of Economics, University of Luxembourg, VU University Amsterdam, Asia University, Department of Finance, Vrije Universiteit Amsterdam, School of Business and Economics, Halle Institute for Economic Research, University of Chicago - Booth School of Business, University of Victoria, Stockholm University - Stockholm Business School, University of Oklahoma Price College of Business, University of Murcia, University of Essex - Essex Business School, Erasmus University Rotterdam, Central Michigan University, Aalto University, VU University Amsterdam, INSEAD - Finance, Norwegian School of Economics (NHH) - Department of Finance, University of Gothenburg, Centre for Finance, Stockholm University, Radboud University, Institute for Management Research, University of Manchester - Alliance Manchester Business School, VU University Amsterdam, University of Melbourne - Department of Finance, University of Wollongong - School of Accounting, Economics & Finance, Erasmus University Rotterdam (EUR), Bank for International Settlements (BIS), University of Toronto at Mississauga - Department of Management, VU University Amsterdam - Department of Finance and Financial Sector Management, Queen's University, HEC Paris, University of Birmingham, King's College London, Cardiff University, Universidad Autonoma de Madrid, Singapore Management University, University of Zurich - Department of Banking and Finance, University of Tübingen, University of Luxembourg, affiliation not provided to SSRN, EDF Energy, United Kingdom, Aalto University, Norges Bank, University at Buffalo, SUNY, Southwestern University of Finance and Economics (SWUFE), The University of Sydney, University of Toulouse Capitole, UC3M, University of Reading - ICMA CentreLeibniz Universität Hannover - Faculty of Economics and Management, Pontifical Catholic University of Chile and Zhongnan University of Economics and Law - School of Finance
Downloads 5,572 (1,960)

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non-standard errors, multi-analyst approach, liquidity

2.

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

Number of pages: 60 Posted: 04 Feb 2020
Renee B. Adams, Roman Kräussl, Marco A. Navone and Patrick Verwijmeren
University of Oxford, Universite du Luxembourg - Department of Finance, Finance Discipline Group - UTS Business School and Erasmus University Rotterdam (EUR)
Downloads 2,971 (5,910)
Citation 6

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Art, Auction, Gender, Culture, Inequality

3.

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, Universite du Luxembourg - Department of Finance and Erasmus University Rotterdam (EUR)
Downloads 2,449 (8,031)
Citation 14

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

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 Ottawa and Erasmus University Rotterdam (EUR)
Downloads 1,609 (15,736)
Citation 38

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

5.

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
Monash University, Erasmus University Rotterdam (EUR) - Department of Financial Management and Erasmus University Rotterdam (EUR)
Downloads 1,103 (27,681)

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

6.

Mind Your Sorts

Number of pages: 66 Posted: 24 Jun 2022
Amar Soebhag, Bart van Vliet and Patrick Verwijmeren
Erasmus University Rotterdam (EUR) - Department of Business Economics, Robeco Quantitative Investments and Erasmus University Rotterdam (EUR)
Downloads 1,026 (30,734)

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portfolio construction, factor investing, equity factors, asset pricing models, non-standard errors, p-hacking, data-mining.

7.

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
Monash University, Erasmus University - Rotterdam School of Management and Erasmus University Rotterdam (EUR)
Downloads 760 (46,410)
Citation 6

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

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)
Downloads 742 (47,956)
Citation 8

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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
Monash University and Erasmus University Rotterdam (EUR)
Downloads 704 (51,392)

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pecking order theory, static tradeoff theory

10.

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
Monash University, Erasmus University - Rotterdam School of Management and Erasmus University Rotterdam (EUR)
Downloads 681 (53,702)
Citation 3

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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
Monash University, University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR)
Downloads 535 (72,178)

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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
Monash University, University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR)
Downloads 137 (288,271)
Citation 15

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Convertible debt, convertible arbitrage, short selling, stock repurchase

12.

The External Financing of Investment

Number of pages: 41 Posted: 15 Jun 2017 Last Revised: 04 Apr 2019
Bruce D. Grundy and Patrick Verwijmeren
RSFAS Australian National University and Erasmus University Rotterdam (EUR)
Downloads 516 (76,276)
Citation 1

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

13.

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
RSFAS Australian National University, University of Melbourne - Department of Finance and Erasmus University Rotterdam (EUR)
Downloads 500 (79,280)
Citation 17

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

14.

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)
Downloads 472 (85,028)
Citation 7

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

15.

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 Ottawa, University of Melbourne and Erasmus University Rotterdam (EUR)
Downloads 380 (109,272)
Citation 10

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Director nominations, shareholder empowerment, proxy access, board effectiveness

16.

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 Business School, La Trobe University, University of Queensland, University of Birmingham - Department of Accounting and Finance, University of Southern Queensland and Erasmus University Rotterdam (EUR)
Downloads 378 (109,923)
Citation 1

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

17.
Downloads 372 (111,844)
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)
Downloads 244 (173,075)
Citation 5

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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)
Downloads 128 (303,711)
Citation 4

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Convertible security financing, Security design, Net share settlement

18.

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, RSFAS Australian National University, Vanderbilt University - Finance and Erasmus University Rotterdam (EUR)
Downloads 357 (117,149)
Citation 12

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Convertible securities, convertible arbitrage, hedge funds

19.

Political Risk and Expected Government Bond Returns

Journal of Empirical Finance, Volume 38, Part A, September 2016, Pages 498-512
Number of pages: 29 Posted: 26 Jul 2014 Last Revised: 21 Jun 2019
Johan G. Duyvesteyn, Martin Martens and Patrick Verwijmeren
Robeco Asset Management, Robeco Asset Management and Erasmus University Rotterdam (EUR)
Downloads 336 (125,277)
Citation 4

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

20.

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
RSFAS Australian National University and Erasmus University Rotterdam (EUR)
Downloads 328 (128,502)
Citation 6

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call policy, dividend protection, convertible securities, security design

21.

Employee Well-Being, Firm Leverage, and Bankruptcy Risk

Journal of Banking and Finance, Forthcoming
Number of pages: 32 Posted: 27 Oct 2009
Patrick Verwijmeren, Jeroen Derwall and Jeroen Derwall
Erasmus University Rotterdam (EUR) and Maastricht University - European Centre for Corporate EngagementMaastricht University - Department of Finance
Downloads 319 (132,186)
Citation 13

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

22.

Director Attention and Firm Value

Number of pages: 44 Posted: 22 Jun 2017 Last Revised: 12 Nov 2018
Rex Wang Renjie and Patrick Verwijmeren
VU University Amsterdam and Erasmus University Rotterdam (EUR)
Downloads 311 (135,791)

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director attention, firm value, busy board, corporate governance

23.

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)
Downloads 310 (136,301)
Citation 5

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

24.

Short of capital: Stock Market Implications of Short Sellers’ Losses

Number of pages: 57 Posted: 11 Feb 2019 Last Revised: 31 May 2022
Antonio Gargano, Juan M. Sotes-Paladino and Patrick Verwijmeren
University of Houston - C.T. Bauer College of Business, Universidad de los Andes, Chile and Erasmus University Rotterdam (EUR)
Downloads 303 (139,688)
Citation 1

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

25.

Convertible Arbitrage Price Pressure and Short-Sale Constraints

Financial Analysts Journal, Forthcoming
Number of pages: 39 Posted: 08 Mar 2012
Monash University, University of Manchester - Manchester Business School, Rabobank International, Netherlands and Erasmus University Rotterdam (EUR)
Downloads 254 (167,103)

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

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) and Carleton University
Downloads 229 (184,134)
Citation 2

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Wealth Effects of Seasoned Equity Offerings: A Meta‐Analysis

International Review of Finance, Vol. 20, Issue 1, pp. 77-131, 2020
Number of pages: 55 Posted: 13 Mar 2020 Last Revised: 17 May 2020
Chris Veld, Patrick Verwijmeren and Yuriy Zabolotnyuk
Monash University, Erasmus University Rotterdam (EUR) and Carleton University
Downloads 7 (839,735)
Citation 1

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27.

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)
Downloads 232 (182,240)
Citation 5

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

28.

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)
Downloads 221 (190,762)

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Agglomeration, financial performance, productivity

29.

Gendered Prices

Number of pages: 94 Posted: 25 Jan 2021
Renee B. Adams, Roman Kräussl, Marco A. Navone and Patrick Verwijmeren
University of Oxford, Universite du Luxembourg - Department of Finance, Finance Discipline Group - UTS Business School and Erasmus University Rotterdam (EUR)
Downloads 212 (198,400)
Citation 1

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Law of One Price, Bias, Art, Gender, Auction, Culture, Inequality

30.

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 Ottawa, Norwegian School of Economics (NHH) and Erasmus University Rotterdam (EUR)
Downloads 209 (201,948)

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

31.

Mutual Fund Dual Holdings and Shareholder-Creditor Conflicts

Number of pages: 47 Posted: 15 Jan 2021 Last Revised: 10 Aug 2021
Rex Wang Renjie, Shuo Xia and Patrick Verwijmeren
VU University Amsterdam, Halle Institute for Economic Research and Erasmus University Rotterdam (EUR)
Downloads 187 (222,164)

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Mutual fund, dual holding, investment, debt overhang

32.

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
RSFAS Australian National University and Erasmus University Rotterdam (EUR)
Downloads 176 (234,101)
Citation 5

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

33.

The Earnings Expectations Game and the Dispersion Anomaly

Management Science, Forthcoming
Number of pages: 62 Posted: 21 Jan 2021
David Veenman and Patrick Verwijmeren
University of Amsterdam - Amsterdam Business School (ABS) and Erasmus University Rotterdam (EUR)
Downloads 170 (241,013)

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earnings announcements, sell-side analysts, forecast bias, expectations management, mispricing, forecast dispersion, earnings surprises

34.

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)
Downloads 158 (256,421)
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Corporate Governance, Information Spillovers, Firm Entry, Product Market Competition, Corporate Investment.

35.

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) and University of Glasgow Adam Smith Business School
Downloads 156 (259,118)
Citation 1

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

36.

How Do Options Add Value? Evidence from the Convertible Bond Market

Number of pages: 55 Posted: 15 Jan 2021 Last Revised: 03 Jan 2022
Inmoo Lee, Rex Wang Renjie and Patrick Verwijmeren
KAIST College of Business, VU University Amsterdam and Erasmus University Rotterdam (EUR)
Downloads 150 (267,381)

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37.

Equity Financing, Equity Lending, and Price Pressure: The Case of DRIP Arbitrage

Nanyang Business School Research Paper No. 20-03
Number of pages: 64 Posted: 06 Apr 2020 Last Revised: 10 Mar 2021
Tze Chuan 'Chewie' Ang, Xin Chang, Xiaoxiong Hu and Patrick Verwijmeren
Deakin University - Department of Finance, Nanyang Business School, Nanyang Technological University, NEOMA Business School and Erasmus University Rotterdam (EUR)
Downloads 148 (270,290)

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Equity lending; Short selling; Equity Financing; Price pressure; Dividend reinvestment plan

38.

Out of Sync: Dispersed Short Selling and the Correction of Mispricing

Number of pages: 62 Posted: 17 Dec 2019 Last Revised: 31 May 2022
Antonio Gargano, Juan M. Sotes-Paladino and Patrick Verwijmeren
University of Houston - C.T. Bauer College of Business, Universidad de los Andes, Chile and Erasmus University Rotterdam (EUR)
Downloads 134 (292,028)
Citation 1

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Short Selling, Limits to Arbitrage, Synchronization Risk

39.

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)
Downloads 133 (293,619)
Citation 1

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

40.

Complementarity of Sovereign and Corporate Debt Issuance: Mind the Gap

Number of pages: 40 Posted: 24 Feb 2019 Last Revised: 23 May 2022
Bruce D. Grundy, Sjoerd van Bekkum and Patrick Verwijmeren
RSFAS Australian National University, Erasmus University and Erasmus University Rotterdam (EUR)
Downloads 127 (304,123)
Citation 1

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Corporate bond issuance, Sovereign bond issuance, Bond maturity, Sovereign benchmark, Reference rates, Gap Filling

41.

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) and Oslo Business School
Downloads 113 (330,578)

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Executive compensation, executive compensation trends, board interlocks

42.

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)
Downloads 111 (334,756)
Citation 2

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Convertible arbitrage, Hedge funds, Security holdings

43.

Intermediary Frictions and Asset Pricing

Number of pages: 51 Posted: 09 Mar 2022
Bruce D. Grundy, Patrick Verwijmeren and Antti Yang
RSFAS Australian National University, Erasmus University Rotterdam (EUR) and Erasmus University Rotterdam
Downloads 85 (396,951)

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intermediary asset pricing, convertible bond underpricing, convertible arbitrage, hedge funds, short-selling costs

44.

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

Number of pages: 26 Posted: 17 Mar 2015
Bruce D. Grundy and Patrick Verwijmeren
RSFAS Australian National University and Erasmus University Rotterdam (EUR)
Downloads 57 (490,323)
Citation 1

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Call policy, Dividend protection, Convertible bonds, Security design

45.

The Fluctuating Maturities of Convertible Bonds

Journal of Corporate Finance, Vol. 62, 2020
Number of pages: 39 Posted: 24 Jun 2020
Patrick Verwijmeren and Antti Yang
Erasmus University Rotterdam (EUR) and Erasmus University Rotterdam
Downloads 40 (567,049)

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convertible bonds, maturity choice, security design, convertible arbitrage

46.

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 Ottawa, University of Melbourne and Erasmus University Rotterdam (EUR)
Downloads 37 (582,609)

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Corporate governance, director nominations, proxy access, managerial entrenchment

47.

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 J. Brown, Bruce D. Grundy, Craig M. Lewis and Patrick Verwijmeren
New York University - Stern School of Business, RSFAS Australian National University, Vanderbilt University - Finance and Erasmus University Rotterdam (EUR)
Downloads 0 (892,524)

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Other Papers (1)

Total Downloads: 92
1.

Cross-Extrapolative Beliefs: Evidence from Equity Analysts

Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 59 Posted: 04 Jun 2018 Last Revised: 01 Jun 2022
Rex Wang Renjie and Patrick Verwijmeren
VU University Amsterdam and Erasmus University Rotterdam (EUR)
Downloads 92 (329,251)

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Behavioral Finance, Extrapolative Beliefs, Experience Effects, Financial Analyst