Chris Veld

Monash University

Professor of Finance

Building 11E

Clayton, Victoria 3800

Australia

SCHOLARLY PAPERS

52

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Top 1,885

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30,675

SSRN CITATIONS
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SSRN RANKINGS

Top 8,908

in Total Papers Citations

153

CROSSREF CITATIONS

43

Scholarly Papers (52)

1.

Value Creation Through Spin-Offs: A Review of the Empirical Evidence

Number of pages: 28 Posted: 31 May 2006 Last Revised: 17 Apr 2008
Chris Veld and Yulia V. Veld-Merkoulova
Monash University and Monash University - Department of Finance
Downloads 2,747 (9,540)
Citation 2

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spin-offs, demergers, value creation, event study, meta-analysis, long-run excess returns, industrial focus

2.

Reverse Convertible Bonds Analyzed

Journal of Futures Markets, Vol. 29, No. 10, pp. 895-919, 2009
Number of pages: 31 Posted: 07 Sep 2006 Last Revised: 17 Apr 2023
Erasmus University Rotterdam (EUR) - Department of Finance, TIAS School for Business and Society and Monash University
Downloads 2,691 (9,893)
Citation 4

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reverse convertible bonds, reverse exchangeable securities, structured products

3.

Why Do Companies Issue Convertible Bonds? A Review of Theory and Empirical Evidence

Number of pages: 34 Posted: 21 Sep 2006
University of Ljubljana School of Economics and Business, TIAS School for Business and Society and Monash University
Downloads 2,322 (12,492)
Citation 5

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convertible debt, security issuance, theory, surveys, empirical evidence, review

The Rise and Demise of the Convertible Arbitrage Strategy

Number of pages: 25 Posted: 23 Feb 2007 Last Revised: 12 Feb 2009
University of Ljubljana School of Economics and Business, TIAS School for Business and Society and Monash University
Downloads 2,270 (12,738)
Citation 12

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convertible arbitrage, underpricing, convertible bonds, hedge funds, excess returns

The Rise and Demise of the Convertible Arbitrage Strategy

Financial Analysts Journal, Vol. 65, No. 5, 2009
Posted: 08 Oct 2009
University of Ljubljana School of Economics and Business, TIAS School for Business and Society and Monash University

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Alternative Investments, Hedge Fund Strategies, Equity Investments, Fundamental Analysis and Valuation Models, Research Sources, Portfolio Management, Hedge Fund Strategies

5.

An Empirical Comparison of Convertible Bond Valuation Models

Number of pages: 54 Posted: 25 Jun 2007 Last Revised: 18 Oct 2009
Carleton University, Simon Fraser University (SFU) - Department of Economics and Monash University
Downloads 2,258 (13,088)
Citation 9

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convertible bonds, credit risk, Ayache-Forsyth-Vetzal model, Brennan-Schwartz model, Tsiveriotis-Fernandes model

6.

Warrant Pricing: A Review of Empirical Research

Number of pages: 38 Posted: 23 Feb 2001
Chris Veld
Monash University
Downloads 1,752 (19,474)
Citation 4

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7.

Contrarian Investment Strategies in a European Context

Number of pages: 20 Posted: 01 Feb 1996
affiliation not provided to SSRN, IRIS, Institute for Research and Investment Services, The Netherlands and Monash University
Downloads 1,085 (39,642)
Citation 6

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8.

The Dividend and Share Repurchase Policies of Canadian Firms

Number of pages: 46 Posted: 28 Apr 2000
Abe de Jong, Ronald van Dijk and Chris Veld
Monash University, APG Asset Management and Monash University
Downloads 1,074 (40,190)

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dividends, share repurchases, strategic financial decisions, payout decisions, nested logit models

9.

Why Do Firms Issue Convertible Bonds? Evidence from the Field

Number of pages: 52 Posted: 12 Aug 2011 Last Revised: 29 Jul 2017
Ming Dong, Marie Dutordoir and Chris Veld
York University - Schulich School of Business, The University of Manchester - Manchester Business School and Monash University
Downloads 1,015 (43,582)
Citation 6

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Convertible Debt, Interviews and Survey, Market Misvaluation, Investor Demand, Hedge Funds, Investment Banks

10.

Why Individual Investors Want Dividends

Number of pages: 53 Posted: 19 Dec 2003
Ming Dong, Chris A. Robinson and Chris Veld
York University - Schulich School of Business, York University - Schulich School of Business and Monash University
Downloads 888 (52,426)
Citation 16

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dividends, individual investors, survey

An Empirical Analysis of Incremental Capital Structure Decisions Under Managerial Entrenchment

Number of pages: 42 Posted: 22 Oct 1999
Abe de Jong and Chris Veld
Monash University and Monash University
Downloads 868 (53,321)
Citation 2

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An Empirical Analysis of Incremental Capital Structure Decisions Under Managerial Entrenchment

Posted: 23 Apr 2001
Abe de Jong and Chris Veld
Monash University and Monash University

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12.

Do Spin-Offs Really Create Value? The European Case

Number of pages: 40 Posted: 09 Jan 2002
Chris Veld and Yulia V. Veld-Merkoulova
Monash University and Monash University - Department of Finance
Downloads 788 (61,742)
Citation 10

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13.

Why Do Companies Issue Convertible Bond Loans? An Empirical Analysis for the Canadian Market

CentER Discussion Paper No. 2006-65
Number of pages: 41 Posted: 31 Mar 2006 Last Revised: 28 Apr 2008
University of Ljubljana School of Economics and Business, TIAS School for Business and Society and Monash University
Downloads 755 (65,327)
Citation 2

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event study, convertible bonds, wealth effects, agency costs, income trusts

14.

Do Happy People Make Optimistic Investors?

Journal of Financial and Quantitative Analysis (JFQA), Volume 50, (2015), 145-168.
Number of pages: 37 Posted: 30 Dec 2015
Bar-Ilan University - Graduate School of Business Administration, Hebrew University of Jerusalem - Jerusalem School of Business Administration, Monash University and Monash University - Department of Finance
Downloads 749 (66,012)
Citation 3

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sentiment-creating factors, sentiments, individual investors, mood, seasonal affective disorder

15.

Portfolio Diversification Benefits of Investing in Stamps

Number of pages: 19 Posted: 08 Mar 2007
Chris Veld and Yulia V. Veld-Merkoulova
Monash University and Monash University - Department of Finance
Downloads 709 (70,889)

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alternative investments, stamps, diversification benefits

16.

The Risk Perceptions of Individual Investors

Number of pages: 51 Posted: 19 Oct 2005
Chris Veld and Yulia V. Veld-Merkoulova
Monash University and Monash University - Department of Finance
Downloads 708 (71,013)
Citation 18

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individual investors, risk profile, variance, downside risk measures, shortfall, semi-variance, experimental questionnaire study

17.

An Empirical Analysis of the Stockholder-Bondholder Conflict in Corporate Spin-Offs

Number of pages: 36 Posted: 19 Oct 2005
Chris Veld and Yulia V. Veld-Merkoulova
Monash University and Monash University - Department of Finance
Downloads 649 (79,276)
Citation 9

Abstract:

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Spin-offs, divestitures, wealth transfer

18.

A Study on the Efficiency of the Market for Dutch Long Term Call Options

Number of pages: 24 Posted: 26 Jan 1996
Frans de Roon, Chris Veld and Jason Wei
Tilburg University - Department of Finance, Monash University and University of Toronto - Rotman School of Management
Downloads 534 (101,379)

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19.

Behavioral Preferences for Individual Securities: The Case for Call Warrants and Call Options

Number of pages: 36 Posted: 29 Oct 2002
Chris Veld and Jenke ter Horst
Monash University and TIAS School for Business and Society
Downloads 491 (112,205)

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long term options, call options, call warrants, Black-Scholes option pricing model, behavioral finance

20.

Put-Call Parity and the Early Exercise Premium for Currency Options

Number of pages: 8 Posted: 19 Oct 2005
Monash University, Simon Fraser University (SFU) - Finance Area and Carleton University
Downloads 484 (114,110)

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Put-call parity, currency options, early exercise premium, Black-Scholes option pricing model

21.

What Drives Security Issuance Decisions: Market Timing, Pecking Order, or Both?

Number of pages: 45 Posted: 03 Mar 2008 Last Revised: 13 Feb 2011
York University - Schulich School of Business, University of Ljubljana School of Economics and Business, TIAS School for Business and Society and Monash University
Downloads 480 (115,262)
Citation 2

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Security issuance choice, market timing, pecking order, multinomial choice model

22.

Does the ABDC Journal Classification Create Unequal Opportunities?

Number of pages: 37 Posted: 17 Apr 2020 Last Revised: 11 Apr 2022
Abe de Jong and Chris Veld
Monash University and Monash University
Downloads 474 (117,043)
Citation 1

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Academic journal rankings; journal classification; publishing opportunities

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
Colegio Universitario de Estudios Financieros (CUNEF), The University of Manchester - Manchester Business School, Monash University and Erasmus University Rotterdam (EUR)
Downloads 403 (141,868)
Citation 9

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

24.

Credit Cards: Transactional Convenience or Debt-Trap?

Number of pages: 38 Posted: 16 Jun 2017 Last Revised: 01 Dec 2017
New York University - Stern School of Business, Monash University and Monash University - Department of Finance
Downloads 295 (198,392)

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Credit card debt, household finance, stock market participation, financial literacy, trust, rationality.

25.

Wealth Effects of Convertible Bond and Warrant-Bond Offerings: A Meta Analysis

The European Journal of Finance, Forthcoming
Number of pages: 31 Posted: 12 Oct 2010 Last Revised: 03 Aug 2012
University Putra Malaysia - Department of Accouting and Finance, University of Stirling - Department of Accounting and Finance and Monash University
Downloads 280 (209,443)
Citation 2

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26.

Wealth Effects of Seasoned Equity Offerings: A Meta Analysis

Number of pages: 51 Posted: 02 Dec 2015 Last Revised: 22 Jun 2018
Monash University, Erasmus University Rotterdam (EUR) and Carleton University
Downloads 274 (214,211)
Citation 2

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27.

Stock Market Expectations and Risk Aversion of Individual Investors

Number of pages: 36 Posted: 07 Feb 2014 Last Revised: 03 Mar 2015
University of Stirling - Accounting and Finance Division, Bentley University - Department of Finance, Monash University and Monash University - Department of Finance
Downloads 274 (214,211)
Citation 1

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Portfolio Allocation, Stock Market Expectation, Risk Aversion, Individual Investor

28.

Why Do Financially Unconstrained Firms Borrow to Repurchase Shares?

Number of pages: 53 Posted: 24 Aug 2016 Last Revised: 06 Dec 2019
University of Aberdeen, University of Glasgow and Monash University
Downloads 265 (221,471)

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Levered share repurchases, financially unconstrained firms, debt market timing, equity undervaluation, investment expenditures

29.

What Drives Executive Stock Option Backdating?

Number of pages: 44 Posted: 07 Jun 2010 Last Revised: 07 Mar 2014
Chris Veld and Betty H.T. Wu
Monash University and University of Glasgow Adam Smith Business School
Downloads 264 (222,297)

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executive compensation, stock option grants, backdating, corporate governance

30.

Security Offerings Following the COVID-19 Pandemic: Do Traditional Corporate Finance Theories Still Hold?

Number of pages: 56 Posted: 14 Jun 2023
The University of Manchester - Manchester Business School, Monash University - Department of Banking and Finance, Monash University and Monash University - Department of Banking and Finance
Downloads 242 (242,204)

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seasoned equity offerings, convertible bonds, straight bonds, market timing, COVID-19 pandemic

31.

Value-Creation Through Spin-Offs: Australian Evidence

Number of pages: 28 Posted: 01 Sep 2016
Daniel Chai, Ken Lin and Chris Veld
Monash University, Independent and Monash University
Downloads 225 (259,835)
Citation 1

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spin-offs; demergers; industrial focus; bank debt; information asymmetry

32.

Tax Avoidance in Response to a Decline in the Funding Status of Defined Benefit Pension Plans

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 41 Posted: 28 Mar 2015 Last Revised: 17 Sep 2016
Indian Institute of Technology (IIT), Delhi, Monash University - Department of Banking and Finance and Monash University
Downloads 225 (259,835)
Citation 5

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Tax avoidance, tax planning, defined benefit pension plan, pension deficit, underfunded pension plan

33.

How Does the Funding Status of Defined Benefit Pension Plans Affect Investment Decisions of Firms in the United States?

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 57 Posted: 16 Mar 2015 Last Revised: 01 Sep 2016
Indian Institute of Technology (IIT), Delhi, Monash University - Department of Banking and Finance and Monash University
Downloads 225 (259,835)
Citation 3

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Investment, capital expenditure, R&D, acquisition, defined benefit pension plan, pension deficit, underfunded pension plan

34.

Credit Risk Assessment and Executives' Legal Expertise

Forthcoming, The Review of Accounting Studies
Number of pages: 62 Posted: 16 Sep 2021 Last Revised: 25 Jan 2022
Mia Pham, Yulia Merkoulova and Chris Veld
Massey University, Monash Business School and Monash University
Downloads 212 (274,644)
Citation 2

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Credit ratings, CEOs, legal education, cost of capital, audit pricing

35.

What is the Role of Institutional Investors in Corporate Capital Structure Decisions? A Survey Analysis

Number of pages: 48 Posted: 01 Jul 2018
New York University - Stern School of Business, The University of Manchester - Manchester Business School, Monash University and Monash University - Department of Finance
Downloads 206 (282,078)
Citation 6

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Capital Structure; Capital Supply; Institutional Investors; Agency Costs; Security Issuance; Security Design; Financial Constraints

36.

Past Returns and the Perceived Sharpe Ratio

Journal of Economic Behavior and Organization,(2016) , Volume 123, 149-167.
Number of pages: 39 Posted: 01 Dec 2014 Last Revised: 05 Feb 2018
Bar-Ilan University - Graduate School of Business Administration, Hebrew University of Jerusalem - Jerusalem School of Business Administration, Monash University and Monash University - Department of Finance
Downloads 175 (326,747)
Citation 3

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Expected return; Perceived risk; Perceived Sharpe ratio; stock return autocorrelations

37.

Award-Winning CEOs and Corporate Innovation

Number of pages: 74 Posted: 12 Nov 2020 Last Revised: 08 Nov 2023
Mia Pham, Yulia Merkoulova and Chris Veld
Massey University, Monash Business School and Monash University
Downloads 173 (330,099)

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Media award, Non-media award, innovation, CEO personal award, CEO attribute.

38.

Information Spillover through Private Lender Reports

Number of pages: 42 Posted: 13 May 2020 Last Revised: 15 May 2020
Abe de Jong, Tim Kooijmans and Chris Veld
Monash University, RMIT University and Monash University
Downloads 165 (343,994)

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Private information, Covenants, Information spillover, Private debt

39.

Does It Pay to Invest? The Personal Equity Risk Premium and Stock Market Participation

Number of pages: 46 Posted: 04 Sep 2020
Yulia Merkoulova and Chris Veld
Monash Business School and Monash University
Downloads 153 (366,434)
Citation 2

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stock market participation, equity risk premium, financial literacy, trust, loss aversion

40.

The Optimal Call Policy for Convertible Bonds: Is There a Market Memory Effect

Finance and Corporate Governance Conference 2010 Paper
Number of pages: 26 Posted: 20 Oct 2009 Last Revised: 24 Apr 2011
Chris Veld and Yuriy Zabolotnyuk
Monash University and Carleton University
Downloads 143 (386,887)
Citation 1

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convertible bonds, optimal call policy, market memory

41.

Does time heal all wounds? Psychological responses to trauma and financial risk-taking

Number of pages: 59 Posted: 13 Apr 2023 Last Revised: 18 Jul 2024
Yushui Shi, Chris Veld and Haiying Yin
Monash University - Department of Banking and Finance, Monash University and Monash University - Department of Banking and Finance
Downloads 130 (416,898)

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PTSD, Risk Taking, Risky Asset Market Participation, Risk Preferences JEL classification: D91

42.

Product Market Competition and Convertible Debt Financing

Number of pages: 47 Posted: 04 Jun 2023
Monash University - Department of Banking and Finance, Tel Aviv University, Monash University and Monash University - Monash Business School
Downloads 103 (495,742)

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Product Market Competition, Competitive Threats, Convertible Debt, Financial Flexibility

43.

Political Uncertainty and Investments by Private and State-Owned Enterprises

International Review of Finance, Forthcoming
Number of pages: 52 Posted: 08 Feb 2023
Neeru Chaudhry and Chris Veld
Indian Institute of Technology (IIT), Delhi and Monash University
Downloads 100 (505,854)

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election, capital expenditure, investment, political uncertainty, state-owned enterprises

44.

European Put-Call Parity and the Early Exercise Premium for American Currency Options

Multinational Finance Journal, Vol. 13, No. 1/2, p. 39-54, 2009
Number of pages: 16 Posted: 26 Jun 2015
Simon Fraser University (SFU) - Finance Area, Monash University and Carleton University
Downloads 99 (509,242)

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European put-call parity; currency options; early exercise premium

45.

Initial Offer Premiums and Stock Price Crash Risk of Target Firms in Ongoing M&As

Number of pages: 70 Posted: 26 Jun 2023 Last Revised: 02 Aug 2024
Li Ge, Chris Veld and Xiangpei Zhang
Monash Business School, Monash University and Monash University
Downloads 96 (519,608)
Citation 1

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Mergers and Acquisitions, Stock Price Crashes, Initial Offer Premium, Risk arbitrage

46.

The Effects of Bank Regulation Stringency on Seasoned Equity Offering Announcements

Number of pages: 35 Posted: 02 Mar 2017 Last Revised: 05 Mar 2017
Hui Li, Hong Liu and Chris Veld
Loughborough University, Loughborough University - School of Business and Economics and Monash University
Downloads 84 (565,053)
Citation 2

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bank regulation, seasoned equity offerings, moral hazard, involuntary issuance

47.

How Can We Improve Inferences from Surveys? A New Look at the Convertible Debt Questions from the Graham and Harvey Survey Data

Number of pages: 29 Posted: 31 Jul 2017 Last Revised: 15 Jul 2018
Ming Dong, Marie Dutordoir and Chris Veld
York University - Schulich School of Business, The University of Manchester - Manchester Business School and Monash University
Downloads 73 (612,127)

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48.

Value-Creation Through Spin-Offs: Australian Evidence

Australian Journal of Management, Vol. 43, No. 3, 2017
Posted: 02 Jun 2020
Daniel Chai, Ziyang Lin and Chris Veld
Monash University, affiliation not provided to SSRN and Monash University

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Bank debt, demergers, industrial focus, information asymmetry, spin-offs

49.

Put-Call Parities and the Value of Early Exercise for Put Options on a Performance Index

Posted: 13 Sep 1999
Frans de Roon and Chris Veld
Tilburg University - Department of Finance and Monash University

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50.

Announcement Effects of Convertible Bond Loans Versus Warrant-Bond Loans: An Empirical Analysis for the Dutch Market

Posted: 23 Jul 1999
Frans de Roon and Chris Veld
Tilburg University - Department of Finance and Monash University

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51.

An Empirical Analysis of the Hedging Effectiveness of Currency Futures

Posted: 13 Jul 1998
Frans de Roon, Abe de Jong and Chris Veld
Tilburg University - Department of Finance, Monash University and Monash University

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An Empirical Investigation of the Factors that Determine the Pricing of Dutch Index Warrants

EUROPEAN FINANCIAL MANAGEMENT, Vol. 2 No. 1, March 1996
Posted: 05 Feb 1998
Frans de Roon and Chris Veld
Tilburg University - Department of Finance and Monash University

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An Empirical Investigation of the Factors that Determine the Pricing of Dutch Index Warrants

Posted: 06 Apr 1995
Frans de Roon and Chris Veld
Tilburg University - Department of Finance and Monash University

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