Patrick Verwijmeren

Erasmus University Rotterdam (EUR)

Burgemeester Oudlaan 50

3000 DR Rotterdam, Zuid-Holland 3062PA

Netherlands

SCHOLARLY PAPERS

48

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330

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103

Scholarly Papers (48)

1.
Downloads 14,455 ( 492)
Citation 2

Non-Standard Errors

Journal of Finance Forthcoming
Number of pages: 111 Posted: 23 Nov 2021 Last Revised: 06 Jul 2023
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 L. 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 Mianjun 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 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 Schuerhoff, 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 Zhou 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, 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, EMLV Business School Paris, University of Chicago - Booth School of Business, Wilfrid Laurier University, Georgetown University - McDonough School of Business, University of Mannheim, Tennessee Technological University, EM Lyon (Ecole de Management de Lyon) - Emlyon Business School, 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 Economics, Toulouse School of Economics, 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), George Washington University, University of Hohenheim, Queen's University (Canada), Queen's School of Business, Students, The Brattle Group, 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, VU Amsterdam, University of Queensland - Business School, Georgetown University - Department of Economics, University of Wisconsin - Milwaukee - Department of Finance, 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 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 - Essex Business School, Radboud University Nijmegen - Institute for Management Research, Ardea Investment Management, 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 Tübingen, 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 Economics, University of California, Berkeley - Haas School of Business, West Virginia University - John Chambers College of Business and Economics, 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, Northeastern University - D'Amore-McKim 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, Pontificia Universidad Católica de Chile, HEC Montreal, University of Adelaide, Chemnitz University of Technology (CUT) - Department of Economics, 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, Independent Researcher, 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, Independent, 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, UNSW Australia Business School, School of Banking and Finance, 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, Royal Melbourne Institute of Technolog (RMIT University) - Blockchain Innovation Hub, University of Toronto, 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, University of Duisburg-Essen - Mercator School of Management, 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), Vrije Universiteit Amsterdam, ESSEC Business School, 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 Edinburgh Business School, Oklahoma State University - Department of Finance, HEC Paris - Finance Department, University of Quebec at Montreal (UQAM) - Faculty of Management (ESG), 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, The 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 Amsterdam - School of Business and Economics, 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, University of New South Wales (UNSW), 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 Business School, University of New South Wales (UNSW), University of Mannheim - Finance Area, Karlsruhe Institute of Technology, University of Bristol - Department of Finance and Accounting, 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, Vlerick Business School, 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, Reykjavik University, 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, Columbia University, Singapore Management University - Lee Kong Chian School of Business, 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, Vrije Universiteit Amsterdam (VU Amsterdam), University of Melbourne - Department of Finance, University of Wollongong - School of Accounting, Economics & Finance, Erasmus University Rotterdam (EUR), Bank for International Settlements (BIS) - Monetary and Economic Department, University of Toronto at Mississauga - Department of Management, Vrije Universiteit Amsterdam, Queen's University, HEC Paris, University of Birmingham, King’s College London, Cardiff Business School, 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, State University of New York (SUNY) - Buffalo, Southwestern University of Finance and Economics (SWUFE), The University of Sydney, University of Toulouse Capitole, UC3M, University of Reading - ICMA Centre, Pontificia Universidad Católica de Chile and Zhongnan University of Economics and Law - School of Finance
Downloads 14,455 (524)
Citation 4

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non-standard errors, multi-analyst approach, liquidity

2.

Non-Standard Errors in Asset Pricing: Mind Your Sorts

Number of pages: 79 Posted: 24 Jun 2022 Last Revised: 08 Feb 2023
Amar Soebhag, Bart van Vliet and Patrick Verwijmeren
Erasmus University Rotterdam (EUR) - Department of Business Economics, Erasmus University Rotterdam (EUR) and Erasmus University Rotterdam (EUR)
Downloads 6,863 (1,922)
Citation 4

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

3.

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, Bayes Business School (formerly Cass), Finance Discipline Group - UTS Business School and Erasmus University Rotterdam (EUR)
Downloads 3,849 (5,131)
Citation 6

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Art, Auction, Gender, Culture, Inequality

4.

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, Bayes Business School (formerly Cass) and Erasmus University Rotterdam (EUR)
Downloads 2,867 (8,259)
Citation 14

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

5.

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 1,840 (16,725)
Citation 64

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

6.

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 1,145 (34,037)
Citation 2

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

7.

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 839 (52,718)
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

8.

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 805 (55,650)
Citation 11

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

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 754 (60,834)

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pecking order theory, static tradeoff theory

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, The University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR)
Downloads 565 (86,781)

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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, The University of Manchester - Manchester Business School and Erasmus University Rotterdam (EUR)
Downloads 187 (286,277)
Citation 15

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Convertible debt, convertible arbitrage, short selling, stock repurchase

11.

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 714 (65,370)
Citation 3

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Capital structure, pecking order theory, financing deficit

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 651 (73,563)
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 562 (88,419)
Citation 28

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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 537 (93,603)
Citation 7

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

15.
Downloads 469 (110,636)
Citation 12

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 303 (178,589)
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 166 (319,874)
Citation 4

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Convertible security financing, Security design, Net share settlement

16.

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

Number of pages: 70 Posted: 11 Feb 2019 Last Revised: 08 May 2023
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 439 (119,322)
Citation 1

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

17.

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
Monash University Malaysia, University of Queensland, University of Birmingham - Department of Accounting and Finance, University of Southern Queensland and Erasmus University Rotterdam (EUR)
Downloads 436 (120,277)
Citation 1

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

18.

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 410 (129,163)
Citation 10

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Director nominations, shareholder empowerment, proxy access, board effectiveness

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 408 (129,901)
Citation 9

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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 390 (136,693)
Citation 6

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call policy, dividend protection, convertible securities, security design

21.

Convertibles and Hedge Funds as Distributors of Equity Exposure

Number of pages: 53 Posted: 11 Mar 2010 Last Revised: 17 Jan 2023
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 387 (137,884)
Citation 12

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Convertible securities, convertible arbitrage, hedge funds

22.

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 380 (140,680)
Citation 13

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

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), The University of Manchester - Manchester Business School, Monash University and Erasmus University Rotterdam (EUR)
Downloads 376 (142,402)
Citation 8

Abstract:

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

24.

Gendered Prices

Number of pages: 94 Posted: 25 Jan 2021
Renee B. Adams, Roman Kräussl, Marco A. Navone and Patrick Verwijmeren
University of Oxford, Bayes Business School (formerly Cass), Finance Discipline Group - UTS Business School and Erasmus University Rotterdam (EUR)
Downloads 373 (143,675)
Citation 4

Abstract:

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

25.

The Corporate Investment Benefits of Mutual Fund Dual Holdings

Proceedings of the EUROFIDAI-ESSEC Paris December Finance Meeting 2022
Number of pages: 63 Posted: 15 Jan 2021 Last Revised: 14 Nov 2023
Rex Wang Renjie, Shuo Xia and Patrick Verwijmeren
Vrije Universiteit Amsterdam, Halle Institute for Economic Research and Erasmus University Rotterdam (EUR)
Downloads 371 (144,537)

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Mutual fund, dual holding, investment, debt overhang

26.

Director Attention and Firm Value

Number of pages: 44 Posted: 22 Jun 2017 Last Revised: 12 Nov 2018
Rex Wang Renjie and Patrick Verwijmeren
Vrije Universiteit Amsterdam and Erasmus University Rotterdam (EUR)
Downloads 354 (152,151)

Abstract:

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director attention, firm value, busy board, corporate governance

27.

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 330 (164,203)

Abstract:

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

28.

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 329 (164,733)

Abstract:

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

29.

Convertible Arbitrage Price Pressure and Short-Sale Constraints

Financial Analysts Journal, Forthcoming
Number of pages: 39 Posted: 08 Mar 2012
Monash University, The University of Manchester - Manchester Business School, Rabobank International, Netherlands and Erasmus University Rotterdam (EUR)
Downloads 308 (177,308)

Abstract:

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

30.

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 270 (202,456)
Citation 12

Abstract:

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

31.

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 268 (204,007)
Citation 2

Abstract:

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32.

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 250 (218,581)
Citation 4

Abstract:

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Short Selling, Limits to Arbitrage, Synchronization Risk

33.

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 240 (227,525)

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

34.

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 240 (227,525)
Citation 1

Abstract:

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Agglomeration, financial performance, productivity

35.

A Run-Down of Merger Target Run-Ups

Number of pages: 45 Posted: 04 Dec 2017 Last Revised: 20 Apr 2018
The University of Manchester - Manchester Business School, University of Glasgow, Erasmus University Rotterdam (EUR) and University of Glasgow Adam Smith Business School
Downloads 223 (244,115)
Citation 2

Abstract:

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

36.

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 215 (253,727)
Citation 2

Abstract:

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

37.

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 209 (259,272)
Citation 9

Abstract:

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

38.

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 206 (262,799)

Abstract:

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

39.

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, Vrije Universiteit Amsterdam and Erasmus University Rotterdam (EUR)
Downloads 204 (265,181)

Abstract:

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40.

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 178 (299,546)
Citation 1

Abstract:

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

41.

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 171 (310,260)
Citation 2

Abstract:

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Convertible arbitrage, Hedge funds, Security holdings

42.

The Effects of Intermediary Frictions on Asset Pricing in Non-Distressed Times

Number of pages: 43 Posted: 09 Mar 2022 Last Revised: 21 Mar 2023
Bruce D. Grundy, Patrick Verwijmeren and Antti Yang
RSFAS Australian National University, Erasmus University Rotterdam (EUR) and Erasmus University Rotterdam
Downloads 149 (350,366)

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

43.

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 133 (380,993)

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Executive compensation, executive compensation trends, board interlocks

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 102 (463,948)
Citation 1

Abstract:

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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 95 (486,655)

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convertible bonds, maturity choice, security design, convertible arbitrage

46.

The Pricing of Digital Art

Number of pages: 29 Posted: 25 Sep 2023 Last Revised: 26 Dec 2023
Cathy Yi‐Hsuan Chen, Roman Kräussl and Patrick Verwijmeren
University of Glasgow, Adam Smith Business School, Bayes Business School (formerly Cass) and Erasmus University Rotterdam (EUR)
Downloads 80 (541,171)

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Digital art, conspicuous consumption, utility dividends, risk premium, valuation

47.

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 65 (606,273)

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Corporate governance, director nominations, proxy access, managerial entrenchment

48.

The pricing of digital art

Center for Financial Studies Working Paper No. 716, 2023
Number of pages: 32
Cathy Yi‐Hsuan Chen, Roman Kraussl and Patrick Verwijmeren
University of Glasgow, Adam Smith Business School, affiliation not provided to SSRN and Erasmus University Rotterdam (EUR)
Downloads 14

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Digital art, conspicuous consumption, utility dividends, risk premium, valuation

Other Papers (1)

Total Downloads: 153
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: 19 Sep 2022
Rex Wang Renjie and Patrick Verwijmeren
Vrije Universiteit Amsterdam and Erasmus University Rotterdam (EUR)
Downloads 153 (329,251)

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Behavioral Finance, Extrapolative Beliefs, Experience Effects, Financial Analyst