Chris Veld

Monash University

Professor of Finance

Building 11E

Clayton, Victoria 3800

Australia

SCHOLARLY PAPERS

43

DOWNLOADS
Rank 1,027

SSRN RANKINGS

Top 1,027

in Total Papers Downloads

24,554

CITATIONS
Rank 3,758

SSRN RANKINGS

Top 3,758

in Total Papers Citations

141

Scholarly Papers (43)

1.

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: 28 Mar 2012
Erasmus University Rotterdam (EUR) - Department of Finance, TIAS School for Business and Society and Monash University
Downloads 2,352 (5,397)
Citation 15

Abstract:

Loading...

reverse convertible bonds, reverse exchangeable securities, structured products

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 - Faculty of Economics, TIAS School for Business and Society and Monash University
Downloads 2,087 (6,442)
Citation 19

Abstract:

Loading...

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 - Faculty of Economics, TIAS School for Business and Society and Monash University

Abstract:

Loading...

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

3.

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 2,036 (6,871)
Citation 10

Abstract:

Loading...

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

4.

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

Number of pages: 34 Posted: 21 Sep 2006
University of Ljubljana - Faculty of Economics, TIAS School for Business and Society and Monash University
Downloads 2,018 (6,981)
Citation 3

Abstract:

Loading...

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

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 2,008 (6,893)
Citation 11

Abstract:

Loading...

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

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

International Journal of Management Reviews, Vol. 11, Issue 4, pp. 407-420, December 2009
Number of pages: 14 Posted: 28 Oct 2009
Chris Veld and Yulia V. Veld-Merkoulova
Monash University and Monash University - Department of Finance
Downloads 9 (605,806)
Citation 1
  • Add to Cart

Abstract:

Loading...

6.

Warrant Pricing: A Review of Empirical Research

Number of pages: 38 Posted: 23 Feb 2001
Chris Veld
Monash University
Downloads 1,627 (9,998)
Citation 7

Abstract:

Loading...

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 1,039 (20,106)
Citation 13

Abstract:

Loading...

8.

The Dividend and Share Repurchase Policies of Canadian Firms

ERIM Report Series Reference No. ERS-2001-88-F&A
Number of pages: 46 Posted: 28 Apr 2000
Abe de Jong, Ronald van Dijk and Chris Veld
Rotterdam School of Management, Erasmus University, APG Asset Management and Monash University
Downloads 1,013 (20,918)

Abstract:

Loading...

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

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
Rotterdam School of Management, Erasmus University and Monash University
Downloads 825 (27,720)
Citation 21

Abstract:

Loading...

An Empirical Analysis of Incremental Capital Structure Decisions Under Managerial Entrenchment

Forthcoming in Journal of Banking and Finance
Posted: 23 Apr 2001
Abe de Jong and Chris Veld
Rotterdam School of Management, Erasmus University and Monash University

Abstract:

Loading...

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 807 (28,981)
Citation 18

Abstract:

Loading...

dividends, individual investors, survey

11.

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 - Faculty of Economics, TIAS School for Business and Society and Monash University
Downloads 708 (34,686)
Citation 5

Abstract:

Loading...

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

12.

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, University of Manchester - Manchester Business School and Monash University
Downloads 701 (35,296)
Citation 2

Abstract:

Loading...

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

13.

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 696 (35,526)
Citation 18

Abstract:

Loading...

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 661 (38,061)
Citation 16

Abstract:

Loading...

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

15.

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 644 (39,399)
Citation 21

Abstract:

Loading...

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

16.

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 594 (43,929)

Abstract:

Loading...

alternative investments, stamps, diversification benefits

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 551 (48,373)
Citation 7

Abstract:

Loading...

Spin-offs, divestitures, wealth transfer

18.

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

EFMA 2003 Helsinki Meetings
Number of pages: 36 Posted: 29 Oct 2002
Chris Veld and Jenke ter Horst
Monash University and TIAS School for Business and Society
Downloads 456 (61,363)
Citation 1

Abstract:

Loading...

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

19.

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

Number of pages: 24 Posted: 26 Jan 1996
Tilburg University - Department of Finance, Monash University and University of Toronto - Rotman School of Management
Downloads 441 (63,898)

Abstract:

Loading...

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 438 (64,437)
Citation 1

Abstract:

Loading...

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 - Faculty of Economics, TIAS School for Business and Society and Monash University
Downloads 430 (65,882)
Citation 2

Abstract:

Loading...

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

22.

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), University of Manchester - Manchester Business School, Monash University and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 286 (104,895)
Citation 12

Abstract:

Loading...

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

23.

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 211 (142,662)

Abstract:

Loading...

24.

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 207 (145,183)
Citation 1

Abstract:

Loading...

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

25.
Downloads 206 (146,535)
Citation 2

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 206 (146,328)

Abstract:

Loading...

executive compensation, stock option grants, backdating, corporate governance

What Drives Executive Stock Option Backdating?

Journal of Business Finance & Accounting, Vol. 41, Issue 7-8, pp. 1042-1070, 2014
Number of pages: 29 Posted: 20 Oct 2014
Chris Veld and Betty H.T. Wu
Monash University and University of Glasgow Adam Smith Business School
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

executive compensation, stock option grants, backdating, corporate governance

26.

Why Do Individuals Not Participate in the Stock Market?

Number of pages: 39 Posted: 12 Aug 2016 Last Revised: 22 Jun 2018
New York University - Stern School of Business, Monash University and Monash University - Department of Finance
Downloads 195 (154,351)
Citation 1

Abstract:

Loading...

stock market participation puzzle; Equity risk premium

27.

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) - Erasmus School of Economics (ESE) and Carleton University
Downloads 182 (163,525)

Abstract:

Loading...

28.

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
--, Monash University - Department of Banking and Finance and Monash University
Downloads 146 (197,503)

Abstract:

Loading...

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

29.

Why Do Financially Unconstrained Firms Borrow to Repurchase Shares?

Number of pages: 35 Posted: 24 Aug 2016 Last Revised: 03 Mar 2017
Coventry University , University of Glasgow and Monash University
Downloads 141 (203,102)

Abstract:

Loading...

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

30.

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 125 (223,378)

Abstract:

Loading...

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

31.

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
--, Monash University - Department of Banking and Finance and Monash University
Downloads 124 (224,723)

Abstract:

Loading...

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

32.

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 122 (227,461)

Abstract:

Loading...

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

33.

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 115 (237,693)
Citation 5

Abstract:

Loading...

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

34.

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 115 (237,693)
Citation 1

Abstract:

Loading...

convertible bonds, optimal call policy, market memory

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 (NYU) - Leonard N. Stern School of Business, University of Manchester - Manchester Business School, Monash University and Monash University - Department of Finance
Downloads 113 (240,663)

Abstract:

Loading...

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

36.

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, University of Aberdeen and Monash University
Downloads 44 (404,434)

Abstract:

Loading...

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

37.

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, University of Manchester - Manchester Business School and Monash University
Downloads 38 (427,269)

Abstract:

Loading...

38.

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 34 (443,693)
Citation 2

Abstract:

Loading...

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

39.

An Empirical Analysis of the Pricing of Bank Issued Options versus Options Exchange Options

European Financial Management, Vol. 14, No. 2, pp. 288-314, March 2008
Number of pages: 27 Posted: 12 Mar 2008
Jenke ter Horst and Chris Veld
TIAS School for Business and Society and Monash University
Downloads 9 (580,876)
Citation 12
  • Add to Cart

Abstract:

Loading...

40.

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

Abstract:

Loading...

41.

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

Abstract:

Loading...

42.

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, Rotterdam School of Management, Erasmus University and Monash University

Abstract:

Loading...

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

Abstract:

Loading...

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

Abstract:

Loading...