Research Output 1986 2019

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Discussion paper
2003
234 Downloads (Pure)

The Inefficiency of the Stock Market Equilibrium under Moral Hazard

Calcagno, R. & Wagner, W. B., 2003, Tilburg: Finance, 10 p. (CentER Discussion Paper; vol. 2003-107).

Research output: Working paperDiscussion paperOther research output

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Entrepreneurs
Stock market
Moral hazard
Market equilibrium
Inefficiency
314 Downloads (Pure)

Why Individual Investors want Dividends

Dong, M., Robinson, C. & Veld, C. H., 2003, Tilburg: Finance, 45 p. (CentER Discussion Paper; vol. 2003-28).

Research output: Working paperDiscussion paperOther research output

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Dividends
Individual investors
Transaction costs
Uncertainty
Dividend taxes
2002
315 Downloads (Pure)

Aggressive Orders and the Resiliency of a Limit Order Market

Degryse, H. A., de Jong, F. C. J. M., van Ravenswaaij, M. & Wuyts, G., 2002, Tilburg: Finance, 53 p. (CentER Discussion Paper; vol. 2002-80).

Research output: Working paperDiscussion paperOther research output

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Resiliency
Order flow
Limit order market
Price effects
Tick size
203 Downloads (Pure)

An Irregular Grid Approach for Pricing High Dimensional American Options

Berridge, S. J. & Schumacher, J. M., 2002, Tilburg: Finance, 31 p. (CentER Discussion Paper; vol. 2002-99).

Research output: Working paperDiscussion paperOther research output

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Grid
American options
Pricing
397 Downloads (Pure)

Backtesting for Risk-Based Regulatory Capital

Kerkhof, F. L. J. & Melenberg, B., 2002, Tilburg: Finance, 31 p. (CentER Discussion Paper; vol. 2002-110).

Research output: Working paperDiscussion paperOther research output

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Backtesting
Expected shortfall
Regulatory capital
Value at risk
Sample size
285 Downloads (Pure)

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

Ter Horst, J. R. & Veld, C. H., 2002, Tilburg: Finance, 37 p. (CentER Discussion Paper; vol. 2002-95).

Research output: Working paperDiscussion paperOther research output

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Call option
Warrants
Overvaluation
Elasticity
Investment banks
283 Downloads (Pure)

Collective vs Individual Sale of TV Rights in League Sports

Falconieri, S., Palomino, F. A. & Sakovics, J., 2002, Tilburg: Finance, 24 p. (CentER Discussion Paper; vol. 2002-106).

Research output: Working paperDiscussion paperOther research output

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Sports leagues
Authority
Revenue
Social welfare
265 Downloads (Pure)

Distance, Lending Relationships and Competition

Degryse, H. A. & Ongena, S., 2002, Tilburg: Finance, 51 p. (CentER Discussion Paper; vol. 2002-16).

Research output: Working paperDiscussion paperOther research output

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Lending relationships
Bank lending
Loans
Small firms
Bank branches
337 Downloads (Pure)

Do Countries or Industries Explain Momentum in Europe?

Nijman, T. E., Swinkels, L. A. P. & Verbeek, M. J. C. M., 2002, Tilburg: Finance, 42 p. (CentER Discussion Paper; vol. 2002-9).

Research output: Working paperDiscussion paperOther research output

File
400 Downloads (Pure)

Does Good Corporate Governance Lead to Stronger Productivity Growth?

Koeke, J. & Renneboog, L. D. R., 2002, Tilburg: Finance, 41 p. (CentER Discussion Paper; vol. 2002-89).

Research output: Working paperDiscussion paperOther research output

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Corporate governance
Productivity growth
Governance
Productivity
Germany
741 Downloads (Pure)

Does Monetary Policy Affect the Central Bank's Role in Bank Supervision?

Ioannidou, V., 2002, Tilburg: Macroeconomics, 33 p. (CentER Discussion Paper; vol. 2002-54).

Research output: Working paperDiscussion paperOther research output

File
577 Downloads (Pure)

Equilibrium Asset Pricing with Time-Varying Pessimism

Sbuelz, A. & Trojani, F., 2002, Tilburg: Finance, 44 p. (CentER Discussion Paper; vol. 2002-102).

Research output: Working paperDiscussion paperOther research output

File
467 Downloads (Pure)

Lock-In Agreements in Venture Capital Backed UK IPOs

Espenlaub, S., Goergen, M., Khurshed, A. & Renneboog, L. D. R., 2002, Tilburg: Finance, 70 p. (CentER Discussion Paper; vol. 2002-46).

Research output: Working paperDiscussion paperOther research output

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Venture capital
Lock-in
High-tech
Substitute
Proportion
254 Downloads (Pure)

Market Efficiency and Price Formation When Dealers are Asymmetrically Informed

Calcagno, R. & Lovo, S. M., 2002, Tilburg: Finance, (CentER Discussion Paper; vol. 2002-42).

Research output: Working paperDiscussion paperOther research output

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Price formation
Market efficiency
Market makers
Market price
Dealers
233 Downloads (Pure)

Modeling Comovements in Trading Intensities to Distinguish Sector and Stock Specific News

Spierdijk, L., Nijman, T. E. & van Soest, A. H. O., 2002, Tilburg: Econometrics, 26 p. (CentER Discussion Paper; vol. 2002-69).

Research output: Working paperDiscussion paperOther research output

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News
Trade intensity
Comovement
Modeling
Probit
360 Downloads (Pure)

Model Risk and Regulatory Capital

Kerkhof, F. L. J., Melenberg, B. & Schumacher, J. M., 2002, Tilburg: Finance, 57 p. (CentER Discussion Paper; vol. 2002-27).

Research output: Working paperDiscussion paperOther research output

File
332 Downloads (Pure)

Observational Equivalence of Discrete String Models and Market Models

Kerkhof, F. L. J. & Pelsser, A., 2002, Tilburg: Finance, 10 p. (CentER Discussion Paper; vol. 2002-28).

Research output: Working paperDiscussion paperOther research output

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Market model
Observational equivalence
Discrete model
Factors
LIBOR market model
265 Downloads (Pure)

Semi-parametric Models for Satisfaction with Income

Bellemare, C., Melenberg, B. & van Soest, A. H. O., 2002, Tilburg: Econometrics, 39 p. (CentER Discussion Paper; vol. 2002-87).

Research output: Working paperDiscussion paperOther research output

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Household income
Semiparametric model
Income
Equivalence scales
Specification test
851 Downloads (Pure)

Shareholder Wealth Effects of European Domestic and Cross-Border Takeover Bids

Goergen, M. & Renneboog, L. D. R., 2002, Tilburg: Finance, 51 p. (CentER Discussion Paper; vol. 2002-50).

Research output: Working paperDiscussion paperOther research output

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Cross-border
Shareholder wealth
Takeover bids
Wealth effect
Bid
223 Downloads (Pure)

Softening Competition by Enhancing entry: An Example from the Banking Industry

Bouckaert, J. M. C. & Degryse, H. A., 2002, Tilburg: Finance, 32 p. (CentER Discussion Paper; vol. 2002-86).

Research output: Working paperDiscussion paperOther research output

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Banking industry
Adverse selection
Disclosure
Barriers to entry
Profit
377 Downloads (Pure)

Survival, Look-Ahead Bias and the Persistence in Hedge Fund Performance

Baquero, G., Ter Horst, J. R. & Verbeek, M. J. C. M., 2002, Tilburg: Finance, 29 p. (CentER Discussion Paper; vol. 2002-111).

Research output: Working paperDiscussion paperOther research output

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Hedge fund performance
Persistence
Hedge funds
Performance persistence
Attrition
391 Downloads (Pure)

The Choice between Rights-Preserving Issue Methods: Regulatory and Financial Aspects of Issuing Seasoned Equity in the UK

Korteweg, A. G. & Renneboog, L. D. R., 2002, Tilburg: Finance, 41 p. (CentER Discussion Paper; vol. 2002-93).

Research output: Working paperDiscussion paperOther research output

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Equity
Announcement
Stock market
Equity issues
Share prices
344 Downloads (Pure)

The Dynamics of the Impact of Past Performance on Mutual Fund Flows

Goriaev, A. P., Nijman, T. E. & Werker, B. J. M., 2002, Tilburg: Finance, 28 p. (CentER Discussion Paper; vol. 2002-2).

Research output: Working paperDiscussion paperOther research output

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Mutual fund flows
Convexity
Investors
Risk factors
Systematic risk
656 Downloads (Pure)

The Impact of Ownership Structure on Firm Performance: Evidence From a Large Emerging Market

Douma, S. W., George, R. & Kabir, M. R., 2002, Tilburg: Organization, 51 p. (CentER Discussion Paper; vol. 2002-104).

Research output: Working paperDiscussion paperOther research output

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Emerging markets
Ownership structure
Firm performance
Monitoring
Blockholders
591 Downloads (Pure)

The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK

Renneboog, L. D. R. & Trojanowski, G., 2002, Tilburg: Finance, 42 p. (CentER Discussion Paper; vol. 2002-68).

Research output: Working paperDiscussion paperOther research output

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Governance
Chief executive officer
Managerial labor markets
Shareholders
Remuneration
275 Downloads (Pure)

The Price Impact of Trades in Illiquid Stocks in Periods of High and Low Market Activity

Spierdijk, L., Nijman, T. E. & van Soest, A. H. O., 2002, Tilburg: Econometrics, 33 p. (CentER Discussion Paper; vol. 2002-29).

Research output: Working paperDiscussion paperOther research output

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Price impact
Market activity
Trade intensity
Bid/ask spread
High-frequency data
370 Downloads (Pure)

The Rise and Fall of the European New Markets: On the Short and Long-Run Performance of High-Tech Initial Public Offerings

Goergen, M., Khurshed, A., McCahery, J. A. & Renneboog, L. D. R., 2002, Tilburg: Finance, 40 p. (CentER Discussion Paper; vol. 2002-101).

Research output: Working paperDiscussion paperOther research output

File
383 Downloads (Pure)

When do German Firms Change their Dividends?

Correia Da Silva, L., Goergen, M. & Renneboog, L. D. R., 2002, Tilburg: Finance, 35 p. (CentER Discussion Paper; vol. 2002-056).

Research output: Working paperDiscussion paperOther research output

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Dividends
Shareholders
Germany
Recession
Economics
2001
310 Downloads (Pure)

Borrower Poaching and Information Display in Credit Markets

Bouckaert, J. M. C. & Degryse, H. A., 2001, Tilburg: Finance, 27 p. (CentER Discussion Paper; vol. 2001-41).

Research output: Working paperDiscussion paperOther research output

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Asymmetric information
Credit markets
Poaching
Incumbents
Loans
410 Downloads (Pure)

Do Spin-offs really Create Value? The European Case

Veld, C. H. & Merkoulova, Y. V., 2001, Tilburg: Finance, 42 p. (CentER Discussion Paper; vol. 2001-76).

Research output: Working paperDiscussion paperOther research output

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Spin-offs
Abnormal returns
Wealth effect
Market returns
Subsidiaries
299 Downloads (Pure)

Empirical Evidence on the Role of Trading Suspensions in Disseminating New Information to the Capital Market

Engelen, P. J. & Kabir, M. R., 2001, Tilburg: Finance, 30 p. (CentER Discussion Paper; vol. 2001-92).

Research output: Working paperDiscussion paperOther research output

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Capital markets
Empirical evidence
Stock return volatility
Authority
Stock exchange
233 Downloads (Pure)

Investment Under Uncertainty and Policy Change

Pawlina, G. & Kort, P. M., 2001, Tilburg: Finance, 23 p. (CentER Discussion Paper; vol. 2001-5).

Research output: Working paperDiscussion paperOther research output

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Policy change
Uncertainty
Investment under uncertainty
Trigger
Jump
230 Downloads (Pure)

Nonparametric Bounds in the Presence of Item Nonresponse, Unfolding Brackets and Anchoring

Vazquez-Alvarez, R., Melenberg, B. & van Soest, A. H. O., 2001, Tilburg: Econometrics, 40 p. (CentER Discussion Paper; vol. 2001-67).

Research output: Working paperDiscussion paperOther research output

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Anchoring
Item nonresponse
Nonparametric bounds
Non-response
Household survey
233 Downloads (Pure)

On the Empirical Evidence of Mutual Fund Strategic Risk Taking

Goriaev, A. P., Nijman, T. E. & Werker, B. J. M., 2001, Tilburg: Finance, 15 p. (CentER Discussion Paper; vol. 2001-9).

Research output: Working paperDiscussion paperOther research output

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Empirical evidence
Strategic risk
Risk taking
Mutual funds
Fund managers
239 Downloads (Pure)

On the Sequencing of Projects, Reputation Building and Relationship Finance

Egli, D., Ongena, S. & Smith, D. C., 2001, Tilburg: Finance, 34 p. (CentER Discussion Paper; vol. 2001-1).

Research output: Working paperDiscussion paperOther research output

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Finance
Entrepreneurs
Sequencing
Financing
Borrowing
292 Downloads (Pure)

Real Options in an Aymmetric Duopoly: Who Benefits from your Competitive Disadvantage

Pawlina, G. & Kort, P. M., 2001, Tilburg: Finance, 33 p. (CentER Discussion Paper; vol. 2001-95).

Research output: Working paperDiscussion paperOther research output

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Real options
Disadvantage
Duopoly
Costs
Competitors
294 Downloads (Pure)

Return-Based Style Analysis with Time-Varying Exposures

Swinkels, L. A. P. & van der Sluis, P. J., 2001, Tilburg: Finance, 42 p. (CentER Discussion Paper; vol. 2001-96).

Research output: Working paperDiscussion paperOther research output

File
239 Downloads (Pure)

Semiparametric Duration Models

Drost, F. C. & Werker, B. J. M., 2001, Tilburg: Econometrics, 26 p. (CentER Discussion Paper; vol. 2001-11).

Research output: Working paperDiscussion paperOther research output

File
212 Downloads (Pure)

Semiparametric Lower Bounds for Tail Index Estimation

Beirlant, J., Bouquiaux, C. & Werker, B. J. M., 2001, Tilburg: Econometrics, 23 p. (CentER Discussion Paper; vol. 2001-65).

Research output: Working paperDiscussion paperOther research output

File
219 Downloads (Pure)

Strategic Capital Budgeting: Asset Replacement Under Uncertainty

Pawlina, G. & Kort, P. M., 2001, Tilburg: Finance, 27 p. (CentER Discussion Paper; vol. 2001-4).

Research output: Working paperDiscussion paperOther research output

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Uncertainty
Assets
Capital budgeting
Replacement
Investing
612 Downloads (Pure)

The Disciplining Role of Leverage in Dutch Firms

de Jong, A., 2001, Tilburg: Finance, 38 p. (CentER Discussion Paper; vol. 2001-48).

Research output: Working paperDiscussion paperOther research output

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Leverage
Tax
Growth opportunities
Bankruptcy costs
Corporate governance
446 Downloads (Pure)

The Financing of Innovation: Learning and Stopping

Bergemann, D. & Hege, U., 2001, Tilburg: Finance, 43 p. (CentER Discussion Paper; vol. 2001-16).

Research output: Working paperDiscussion paperOther research output

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Financing
Innovation
Funding
Entrepreneurs
Uncertainty
356 Downloads (Pure)

The Impact of Institutional Differences on Derivatives Usage: A Comparative Study of US and Dutch Firms

Bodnar, G. M., de Jong, A. & Macrae, V., 2001, Tilburg: Finance, 44 p. (CentER Discussion Paper; vol. 2001-62).

Research output: Working paperDiscussion paperOther research output

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Derivatives
Comparative study
Institutional differences
The Netherlands
Risk management
240 Downloads (Pure)

Time Varying Market Integration and Expected Rteurns in Emerging Markets

de Jong, F. C. J. M. & de Roon, F. A., 2001, Tilburg: Finance, 46 p. (CentER Discussion Paper; vol. 2001-78).

Research output: Working paperDiscussion paperOther research output

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Emerging markets
Time-varying
Segmentation
Market integration
Assets
2000
225 Downloads (Pure)

A Game Theoretic Approach to Linear Systems with L2-bounded Disturbances

van den Broek, W. A., Engwerda, J. C. & Schumacher, J. M., 2000, Tilburg: Macroeconomics, 12 p. (CentER Discussion Paper; vol. 2000-38).

Research output: Working paperDiscussion paperOther research output

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Linear systems
Controllers
State feedback
Uncertainty
631 Downloads (Pure)

Bank Relationship and Firm Profitability

Degryse, H. A. & Ongena, S., 2000, Tilburg: Finance, 38 p. (CentER Discussion Paper; vol. 2000-14).

Research output: Working paperDiscussion paperOther research output

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Bank relationships
Firm profitability
Peers
Profitability
Firm performance
234 Downloads (Pure)

Can the Stock Market anticipate Future Operating Performance? Evidence from Equity Rights Issues

Kabir, M. R. & Roosenboom, P. G. J., 2000, Tilburg: Finance, 33 p. (CentER Discussion Paper; vol. 2000-22).

Research output: Working paperDiscussion paperOther research output

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Equity
Stock market
Operating performance
Rights issues
Announcement
460 Downloads (Pure)

Common Factors in International Bond Returns

Driessen, J. J. A. G., Melenberg, B. & Nijman, T. E., 2000, Tilburg: Finance, 36 p. (CentER Discussion Paper; vol. 2000-91).

Research output: Working paperDiscussion paperOther research output

File
Bond returns
Common factors
Currency
Factors
Term structure
240 Downloads (Pure)

Distressed Relationships: Lessons from the Norwegian Banking Crisis

Ongena, S., Smith, D. C. & Michalsen, D., 2000, Tilburg: Finance, 46 p. (CentER Discussion Paper; vol. 2000-13).

Research output: Working paperDiscussion paperOther research output

File
Banking crisis
Distress
Announcement
Stock prices
Equity
336 Downloads (Pure)

Evaluating Style Analysis

de Roon, F. A., Nijman, T. E. & Ter Horst, J. R., 2000, Tilburg: Finance, 36 p. (CentER Discussion Paper; vol. 2000-64).

Research output: Working paperDiscussion paperOther research output

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Style analysis
Assets
Factor loadings
Mutual funds
Empirical results