Research Output 1982 2019

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Discussion paper
2006

Staying, Dropping or Switching: The Impacts of Bank Mergers on SMEs

Degryse, H. A., Masschelein, N. & Mitchell, J., 2006, Tilburg: TILEC, 54 p. (TILEC Discussion Paper; vol. 2006-034).

Research output: Working paperDiscussion paperOther research output

282 Downloads (Pure)

Structural Reforms and Growth: Product and Labor Market Deregulations

Eijffinger, S. C. W. & Rossi, A., 2006, Tilburg: Macroeconomics, 33 p. (CentER Discussion Paper; vol. 2006-112).

Research output: Working paperDiscussion paperOther research output

File
Prediction
Competitiveness
Deregulation
Product market
Economic performance
949 Downloads (Pure)

The Convertible Arbitrage Strategy Analyzed

Loncarski, I., Ter Horst, J. R. & Veld, C. H., 2006, Tilburg: Finance, 38 p. (CentER Discussion Paper; vol. 2006-98).

Research output: Working paperDiscussion paperOther research output

File
Arbitrage
Convertible bonds
Equity
Debt
Equity issues
234 Downloads (Pure)

The Econometric Analysis of Microscopic Simulation Models

Li, Y., Donkers, A. C. D. & Melenberg, B., 2006, Tilburg: Econometrics, 47 p. (CentER Discussion Paper; vol. 2006-99).

Research output: Working paperDiscussion paperOther research output

File
Autocorrelation
Inspection
694 Downloads (Pure)

The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China

Cheng, X. & Degryse, H. A., 2006, Tilburg: Finance, 52 p. (CentER Discussion Paper; vol. 2006-82).

Research output: Working paperDiscussion paperOther research output

File
China
Local economic growth
Financial institutions: banks
Finance and growth
Banking development

The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China

Cheng, X. & Degryse, H. A., 2006, Tilburg: TILEC, 45 p. (TILEC Discussion Paper; vol. 2006-009).

Research output: Working paperDiscussion paperOther research output

394 Downloads (Pure)

The Impact of Competition on Bank Orientation

Degryse, H. A. & Ongena, S., 2006, Tilburg: Finance, 42 p. (CentER Discussion Paper; vol. 2006-68).

Research output: Working paperDiscussion paperOther research output

File
Bank branches
Banking
Prediction
Lending
Bank-firm relationships
265 Downloads (Pure)

The Impact of Explicit Deposit Insurance on Market Discipline

Ioannidou, V. & de Dreu, J., 2006, Tilburg: Finance, 41 p. (CentER Discussion Paper; vol. 2006-5).

Research output: Working paperDiscussion paperOther research output

File
Market discipline
Deposit insurance
Demand and supply
Critical mass
Coinsurance
336 Downloads (Pure)

The Impact of Organizational Structure and Lending Technology on Banking Competition

Degryse, H. A., Laeven, L. & Ongena, S., 2006, Tilburg: Finance, 45 p. (CentER Discussion Paper; vol. 2006-67).

Research output: Working paperDiscussion paperOther research output

File
Lending
Organizational structure
Banking competition
Loan pricing
Small firms

The Long-Term Operating Performance of European Mergers and Acquisitions

Martynova, M., Oosting, S. & Renneboog, L. D. R., 2006, Tilburg: TILEC, 40 p. (TILEC Discussion Paper; vol. 2006-030).

Research output: Working paperDiscussion paperOther research output

2928 Downloads (Pure)

The Long-Term Operating Performance of European Mergers and Acquisitions

Martynova, M., Oosting, S. & Renneboog, L. D. R., 2006, Tilburg: Finance, 40 p. (CentER Discussion Paper; vol. 2006-111).

Research output: Working paperDiscussion paperOther research output

File
Mergers and acquisitions
Operating performance
Profitability
Industry
Tender offers
279 Downloads (Pure)

The Non- and Semiparametric Analysis of MS Models: Some Applications

Li, Y., Donkers, A. C. D. & Melenberg, B., 2006, Tilburg: Econometrics, 20 p. (CentER Discussion Paper; vol. 2006-95).

Research output: Working paperDiscussion paperOther research output

File
Simulation Model
Spectral Density Function
Stock Index
Stock Returns
Probability density function
422 Downloads (Pure)

The Performance of the European Market for Corporate Control: Evidence from the 5th Takeover Wave

Martynova, M. & Renneboog, L. D. R., 2006, Tilburg: Finance, 53 p. (CentER Discussion Paper; vol. 2006-118).

Research output: Working paperDiscussion paperOther research output

File
Market for corporate control
Bidding
Shareholders
Bid
Market value

The Performance of the European Market for Corporate Control: Evidence from the 5th Takeover Wave

Martynova, M. & Renneboog, L. D. R., 2006, Tilburg: TILEC, 53 p. (TILEC Discussion Paper; vol. 2006-029).

Research output: Working paperDiscussion paperOther research output

228 Downloads (Pure)

Why are the French so Different from the Germans? Underpricing of IPOs on the Euro New Markets

Goergen, M., Khurshed, A. & Renneboog, L. D. R., 2006, Tilburg: TILEC, 36 p. (TILEC Discussion Paper; vol. 2006-008).

Research output: Working paperDiscussion paperOther research output

File
285 Downloads (Pure)

Why are the French so Different from the Germans? Underpricing of IPOs on the Euro New Markets

Goergen, M., Khurshed, A. & Renneboog, L. D. R., 2006, Tilburg: Finance, 36 p. (CentER Discussion Paper; vol. 2006-24).

Research output: Working paperDiscussion paperOther research output

File
New markets
Underpricing
Germany
France
Partial adjustment
255 Downloads (Pure)

Why do Companies issue Convertible Bond Loans? An Empirical Analysis for the Canadian Market

Loncarski, I., Ter Horst, J. R. & Veld, C. H., 2006, Tilburg: Finance, 41 p. (CentER Discussion Paper; vol. 2006-65).

Research output: Working paperDiscussion paperOther research output

File
Loans
Convertible bonds
Empirical analysis
Wealth effect
Convertible debt
2005
212 Downloads (Pure)

Assessing Confidence Intervals for the Tail Index by Edgeworth Expansions for the Hill Estimator

Haeusler, E. & Segers, J., 2005, Tilburg: Econometrics, 27 p. (CentER Discussion Paper; vol. 2005-129).

Research output: Working paperDiscussion paperOther research output

File
Hill Estimator
Tail Index
Edgeworth Expansion
Confidence interval
773 Downloads (Pure)

Assessing Credit with Equity: A CEV Model with Jump to Default

Campi, L., Polbennikov, S. Y. & Sbuelz, A., 2005, Tilburg: Finance, 32 p. (CentER Discussion Paper; vol. 2005-27).

Research output: Working paperDiscussion paperOther research output

File
Equity
CEV model
Credit
Jump
Maturity
273 Downloads (Pure)

Asset Allocation in the Euro-Zone: Industry or Country Based?

Eiling, E., Gerard, B. & de Roon, F. A., 2005, Tilburg: Finance, 46 p. (CentER Discussion Paper; vol. 2005-2).

Research output: Working paperDiscussion paperOther research output

File
Industry
Asset allocation
Euro zone
Equity returns
Factors
287 Downloads (Pure)

Close-Form Pricing of Benchmark Equity Default Swaps Under the CEV Assumption

Campi, L. & Sbuelz, A., 2005, Tilburg: Finance, 23 p. (CentER Discussion Paper; vol. 2005-28).

Research output: Working paperDiscussion paperOther research output

File
Viability
Benchmark
Equity
Investors
Equity derivatives
313 Downloads (Pure)

Control Structures and Payout Policy

Renneboog, L. D. R. & Trojanowski, G., 2005, Tilburg: TILEC, 35 p. (TILEC Discussion Paper; vol. 2005-014).

Research output: Working paperDiscussion paperOther research output

File
422 Downloads (Pure)

Control Structures and Payout Policy

Renneboog, L. D. R. & Trojanowski, G., 2005, Tilburg: Finance, 36 p. (CentER Discussion Paper; vol. 2005-61).

Research output: Working paperDiscussion paperOther research output

File
Payout policy
Payout
Empirical study
Trade-offs
Agency problems
401 Downloads (Pure)

Corporate Governance Convergence: Evidence from Takeover Regulation Reforms in Europe

Goergen, M., Martynova, M. & Renneboog, L. D. R., 2005, Tilburg: Finance, 35 p. (CentER Discussion Paper; vol. 2005-63).

Research output: Working paperDiscussion paperOther research output

File
Corporate governance
Blockholders
Harmonization
Ownership
Prediction
387 Downloads (Pure)

Corporate Governance Convergence: Evidence from Takeover Regulation Reforms in Europe

Goergen, M., Martynova, M. & Renneboog, L. D. R., 2005, Tilburg: TILEC, 34 p. (TILEC Discussion Paper; vol. 2005-017).

Research output: Working paperDiscussion paperOther research output

File
338 Downloads (Pure)

Environmental Kuznets Curves for CO2: Heterogeneity Versus Homogeneity

Vollebergh, H. R. J., Dijkgraaf, E. & Melenberg, B., 2005, Tilburg: Econometrics, 40 p. (CentER Discussion Paper; vol. 2005-25).

Research output: Working paperDiscussion paperOther research output

File
Environmental Kuznets curve
Homogeneity
Panel estimation
Co2
Inverted-U
253 Downloads (Pure)

Insider Trading, News Releases and Ownership Concentration

Fidrmucova, J., Goergen, M. & Renneboog, L. D. R., 2005, Tilburg: TILEC, 48 p. (TILEC Discussion Paper; vol. 2005-025).

Research output: Working paperDiscussion paperOther research output

File
400 Downloads (Pure)

Insider Trading, News Releases and Ownership Concentration

Fidrmucova, J., Goergen, M. & Renneboog, L. D. R., 2005, Tilburg: Finance, 49 p. (CentER Discussion Paper; vol. 2005-97).

Research output: Working paperDiscussion paperOther research output

File
Ownership concentration
News releases
Insider trading
News
Abnormal returns
280 Downloads (Pure)

Inverse Probability Weighted Generalised Empirical Likelihood Estimators: Firm Size and R&D Revisited

Inkmann, J., 2005, Tilburg: Finance, 24 p. (CentER Discussion Paper; vol. 2005-131).

Research output: Working paperDiscussion paperOther research output

File
Firm size
Generalized empirical likelihood
Estimator
Attrition
Sample selection
509 Downloads (Pure)

Is Investment-Cash flow Sensitivity a Good Measure of Financing Constraints? New Evidence from Indian Business Group Firms

George, R., Kabir, M. R. & Qian, J., 2005, Tilburg: Finance, 40 p. (CentER Discussion Paper; vol. 2005-49).

Research output: Working paperDiscussion paperOther research output

File
Investment-cash flow sensitivity
Financing constraints
Business groups
Segregation
Ownership structure
478 Downloads (Pure)

Is Investment-Cash Flow Sensitivity Caused by the Agency Costs or Asymmetric Information? Evidence from the UK

Pawlina, G. & Renneboog, L. D. R., 2005, Tilburg: Finance, 50 p. (CentER Discussion Paper; vol. 2005-23).

Research output: Working paperDiscussion paperOther research output

File
Agency costs
Asymmetric information
Investment-cash flow sensitivity
Cash flow
Managers
255 Downloads (Pure)

Is Investment-Cash Flow Sensitivity Caused by the Agency Costs or Asymmetric Information? Evidence from the UK

Pawlina, G. & Renneboog, L. D. R., 2005, Tilburg: TILEC, 49 p. (TILEC Discussion Paper; vol. 2005-001).

Research output: Working paperDiscussion paperOther research output

File
234 Downloads (Pure)

Labor Income and the Demand for Long-term Bonds

Koijen, R. S. J., Nijman, T. E. & Werker, B. J. M., 2005, Tilburg: Finance, 66 p. (CentER Discussion Paper; vol. 2005-95).

Research output: Working paperDiscussion paperOther research output

File
Inflation
Labor income
Investors
Time variation
Income risk
315 Downloads (Pure)

Leveraged Public to Private Transactions in the UK

Renneboog, L. D. R., Simons, T. & Wright, M., 2005, Tilburg: TILEC, 44 p. (TILEC Discussion Paper; vol. 2005-015).

Research output: Working paperDiscussion paperOther research output

File
367 Downloads (Pure)

Leveraged Public to Private Transactions in the UK

Renneboog, L. D. R., Simons, T. & Wright, M., 2005, Tilburg: Finance, 45 p. (CentER Discussion Paper; vol. 2005-60).

Research output: Working paperDiscussion paperOther research output

File
Shareholders
Premium
Realignment
Shareholder wealth
Share prices
216 Downloads (Pure)

Mean-Coherent Risk and Mean-Variance Approaches in Portfolio Selection: An Empirical Comparison

Polbennikov, S. Y. & Melenberg, B., 2005, Tilburg: Econometrics, 53 p. (CentER Discussion Paper; vol. 2005-100).

Research output: Working paperDiscussion paperOther research output

File
Portfolio selection
Mean-variance
Equity
Coherent measures of risk
Optimal portfolio
295 Downloads (Pure)

Patterns in Payout Policy and Payout Channel Choice of UK Firms in the 1990s

Renneboog, L. D. R. & Trojanowski, G., 2005, Tilburg: TILEC, 54 p. (TILEC Discussion Paper; vol. 2005-002).

Research output: Working paperDiscussion paperOther research output

File
377 Downloads (Pure)

Patterns in Payout Policy and Payout Channel Choice of UK Firms in the 1990s

Renneboog, L. D. R. & Trojanowski, G., 2005, Tilburg: Finance, 55 p. (CentER Discussion Paper; vol. 2005-22).

Research output: Working paperDiscussion paperOther research output

File
Channel choice
Payout policy
Payout
Dividends
Share repurchases
207 Downloads (Pure)

Projection Estimates of Constrained Functional Parameters

Fils-Villetard, A., Guillou, A. & Segers, J., 2005, Tilburg: Econometrics, 37 p. (CentER Discussion Paper; vol. 2005-111).

Research output: Working paperDiscussion paperOther research output

File
accelerator mass spectrometry
parameter
866 Downloads (Pure)

Public-to-Private Transactions: LBOs, MBOs, MBIs and IBOs

Renneboog, L. D. R. & Simons, T., 2005, Tilburg: Finance, 51 p. (CentER Discussion Paper; vol. 2005-98).

Research output: Working paperDiscussion paperOther research output

File
Realignment
Shareholder wealth
Cost savings
Tax
Transaction costs
665 Downloads (Pure)

Public-to-Private Transactions: LBOs, MBOs, MBIs and IBOs

Renneboog, L. D. R. & Simons, T., 2005, Tilburg: TILEC, 50 p. (TILEC Discussion Paper; vol. 2005-023).

Research output: Working paperDiscussion paperOther research output

File
925 Downloads (Pure)

Royal Ahold: A Failure of Corporate Governance and an Accounting Scandal

de Jong, A., DeJong, D. V., Mertens, G. M. H. & Roosenboom, P. G. J., 2005, Tilburg: Accounting, 57 p. (CentER Discussion Paper; vol. 2005-57).

Research output: Working paperDiscussion paperOther research output

File
Corporate governance
Scandal
Transparency
Interrelationship
Econometrics
246 Downloads (Pure)

Shareholder Lock-In Contracts: Share Price and Trading Volume Effects at the Lock-In Expiry

Goergen, M. & Renneboog, L. D. R., 2005, Tilburg: TILEC, 50 p. (TILEC Discussion Paper; vol. 2005-030).

Research output: Working paperDiscussion paperOther research output

File
604 Downloads (Pure)

Shareholder Lock-In Contracts: Share Price and Trading Volume Effects at the Lock-In Expiry

Angenandt, P. P., Goergen, M. & Renneboog, L. D. R., 2005, Tilburg: Finance, 50 p. (CentER Discussion Paper; vol. 2005-115).

Research output: Working paperDiscussion paperOther research output

File
Share prices
Trading volume
Shareholders
Lock-in
Abnormal returns
272 Downloads (Pure)

Stock Price Reactions to Short-Lived Public Information: The Case of Betting Odds

Palomino, F. A., Renneboog, L. D. R. & Zhang, C., 2005, Tilburg: TILEC, 30 p. (TILEC Discussion Paper; vol. 2005-016).

Research output: Working paperDiscussion paperOther research output

File
268 Downloads (Pure)

Stock Price Reactions to Short-Lived Public Information: The Case of Betting Odds

Palomino, F. A., Renneboog, L. D. R. & Zhang, C., 2005, Tilburg: Finance, 31 p. (CentER Discussion Paper; vol. 2005-62).

Research output: Working paperDiscussion paperOther research output

File
Betting
Stock price reaction
Public information
Stock market
Market process
932 Downloads (Pure)

Takeover Waves: Triggers, Performance and Motives

Martynova, M. & Renneboog, L. D. R., 2005, Tilburg: Finance, 56 p. (CentER Discussion Paper; vol. 2005-107).

Research output: Working paperDiscussion paperOther research output

File
Trigger
Profitability
Economic environment
Mergers and acquisitions
Stock market
823 Downloads (Pure)

Takeover Waves: Triggers, Performance and Motives

Martynova, M. & Renneboog, L. D. R., 2005, Tilburg: TILEC, 56 p. (TILEC Discussion Paper; vol. 2005-029).

Research output: Working paperDiscussion paperOther research output

File
221 Downloads (Pure)

Testing for Mean-Coherent Regular Risk Spanning

Melenberg, B. & Polbennikov, S. Y., 2005, Tilburg: Econometrics, 1 p. (CentER Discussion Paper; vol. 2005-99).

Research output: Working paperDiscussion paperOther research output

File
Risk measures
Performance measures
Testing
Instrumental variables regression
Second-order stochastic dominance
409 Downloads (Pure)

The Impact of Overnight Periods on Option Pricing

Boes, M. J., Drost, F. C. & Werker, B. J. M., 2005, Tilburg: Finance, 19 p. (CentER Discussion Paper; vol. 2005-1).

Research output: Working paperDiscussion paperOther research output

File
Option pricing
Jump
Asset prices
Option prices
Jump risk