2010

 Murillo Campello, Erasmo Giambona, John Graham, and Cam Harvey, Liquidity Management and Corporate Investment During a Financial Crisis, Review of Financial Studies, 2010, forthcoming  

Martijn Cremers, Rocco Huang, and Zacharias Sautner, Internal Capital Markets and Corporate Politics in a Banking Group,  Review of Financial Studies, 2010, forthcoming

 Stefan Arping and Zacharias Sautner. Corporate Governance and Leverage: Evidence from a Natural Experiment, Finance Research Letters, 2010, forthcoming

Francke, M.K. (2010), Repeat Sales Index for Thin Markets: A Structural Time Series   Approach, Forthcoming in Journal of Real Estate Finance and Economics, available online from 11 August 2009.

Phalippou, L. (2010). Venture Capital Funds: Performance Persistence and Flow-Performance relation. Forthcoming in  Journal of Banking and Finance

2009

Arping, S., Loranth, G. & Morisson, A. (2009). Public Initiatives to Support Entrepreneurs: Credit Guarantees versus Co-Funding, Journal of Financial Stability, forthcoming.

Arping, S. & Falconieri, S. (2009). Strategic versus Financial Investors: The Role of Strategic Objectives in Financial Contracting, Oxford Economic Papers, forthcoming

Beber Alessandro, Andrea Buraschi and Francis Breedon (2009), Difference in Beliefs and Currency Risk Premia Journal of Financial Economics, forthcoming.

Beber Alessandro and Michael W. Brandt (2009), When It Cannot Get Better or Worse: The Asymmetric Impact of Good and Bad News on Bond Returns in Expansions and Recessions. Review of Finance, forthcoming.

Beber, Alessandro and Michael W. Brandt  (2009),  Resolving Macroeconomic Uncertainty in Stock and Bond Markets, Review of Finance 13, 2009, 1-45. Lead article.

Beber Alessandro, Michael W. Brandt, and Ken Kavajecz, (2009),  Flight-to-Quality or Flight-to-  Liquidity? Evidence from the Euro-Area Bond Market,   Review of Financial Studies, 22, 2009, 925-957. Lead article.

Bongaerts, D, Jong, F.de and Driessen, J.J.A.G. (2009). Derivative Pricing with Liquidity Risk: Theory and Evidence from the Credit Default Swap Market. Journal of Finance, forthcoming 

Bongaerts, D.G.J. & Charlier, E. (2009). Private Equity and Regulatory Capital. Journal of Banking and Finance, 33 (7), 1211-1220.

Bongaerts, D.G.J., Cörvers, F. & Hensen, M. (2009). Delimitation and Coherence of Functional and Administrative Regions. Regional Studies, 43(1), 19-31.

Claessens, Stijn (2009) Corporate Governance and Regulation: Can There Be Too Much of a Good Thing? [joint with Valentina G. Bruno] Journal of Financial intermediation. Forthcoming.

Claessens, Stijn (2009) Cross-Country Experience and Policy Implications from the Global Financial Crisis [joint with Giovanni Dell'Ariccia, Deniz Igan, and Luc Laeven]. Forthcoming, Economic Policy. A European Forum, Vol. 61.

Claessens, Stijn (2009) Empirical evidence on the new international aid architecture [joint with Danny Cassimon and Bjorn Van Campenhout] forthcoming, in Geoffrey Underhill, Jasper Blom and Daniel Mügge (Eds.), From Reform to Crisis: Financial Integration and the 'New Architecture' of International Financial Governance, Chapter, Cambridge: Cambridge University Press.

Claessens, Stijn (2009) Empirical Evidence on the New International Aid Architecture [renamed: ‘Evidence on Changes in Aid Allocation Criteria'  with Danny Cassimon and Bjorn Van Campenhout] World Bank Economic Review, 2009, 23:2, 185-208.

Claessens, Stijn (2009) Competition in the financial sector: overview of competition policies. World Bank Research Observer. 2009 24: 83-118, (February).

Claessens, Stijn (2009) What Happens During Recessions, Crunches and Busts? [with M. Ayhan Kose and Marco E. Terrones] Economic Policy. A European Forum, No. 60 (October) 2009 pp. 653-700.

Cosemans, M. Bauer, R.,  & Eichholtz, P. (2009). Option Trading and Individual Investor Performance, Journal of Banking and Finance, 33, (4), 731-746.

Cosemans, Mathijs, Bauer, R., & Schotman, P. (2009). Conditional Asset Pricing and Stock Market Anomalies in Europe, Forthcoming in European Financial Management.

Cremers, M.,Driessen, J.J.A.G, Maenhout, Pascal, and Weinbaum, David (2009). Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry. Journal of Financial and Quantitative Analysis

Driessen, J.J.A.G, Maenhout, Pascal and Vilkov, Greg (2009). The Price of Correlation Risk: Evidence from Equity Options. Journal of Finance, forthcoming

Driessen, J., P. Maenhout and G. Vilkov (2009), ‘The Price of Correlation Risk: Evidence from Equity Options', Journal of Finance, 64(3), p. 1377-1406.

Driessen, J, Cremers, M.,  P. Maenhout and D. Weinbaum (2009), ‘The Role of Directors in the Mutual Fund Industry', with Martijn Cremers, Pascal Maenhout, and David Weinbaum, Journal of Financial and Quantitative Analysis, 44(6), December 2009 issue.

Fabbri, Daniela and Menichini, Annamaria C. (2009). Trade credit, collateral liquidation and borrowing constraints. Journal of Financial Economics

Fabbri, Daniela(2009). Law Enforcement and Firm Financing: Theory and Evidence. Journal of the European Economic Association

Giambona, E. (2009) "Strategic Trading in the Wrong Direction by a Large Institutional Insider" (with Joseph Golec) - 2009 - (Journal of Empirical Finance - lead article - forthcoming)

Giambona, E. (2009) "The Role of Managerial Stock Option Programs in Governance: Evidence from REIT Stock Repurchases" (with Ghosh, Harding, Sezer, Sirmans) - (Real Estate Economics - forthcoming)

Giambona, E. (2009) "Property Segment and REIT Capital Structure" (with Mine Ertugrul) - (Journal of Real Estate Finance and Economics - forthcoming)

Giambona, E. (2009) "Mutual Fund Volatility Timing and Management Fees" (with Joseph Golec) - (Journal of Banking and Finance - 33(4)) - 2009

Giambona, E. (2009) "The Long-Horizon Performance of REIT Mergers" (with Robert Campbell and C.F. Sirmans) - (Journal of Real Estate Finance and Economics, 38 (2)) - 2009

Iyer, R J. and Peydro, Jose-Luis (2009) "Interbank Contagion at Work: Evidence from a Natural Experiment". Review of Financial Studies (forthcoming) 

Phalippou, L. & Gottschalg, O. (2009). The performance of private equity funds. Review of Financial Studies, 22, (4), 1747-1776.

Phalippou, L. (2009). Beware when venturing into private equity. Journal of Economic Perspectives, 23, (1), 147-166.

Sautner, Z (2009), Out-of-Court Restructuring versus Formal Bankruptcy in a Non-Interventionist Bankruptcy Setting, Review of Finance, forthcoming (with P. Jostarndt) 

Schroth, Enrique and Albuquerque, R. (2009). "Quantifying private benefits of control from a structural model of block trades," Journal of Financial Economics, available online December 17, 2009.

Schroth, Enrique., and D. Szalay (2009). "Cash Breeds Success: The Role of Financing Constraints in Patent Races," Review of Finance, Advance Access published on September 28, 2009.

Schwienbacher, A., D. Cumming & G. Fleming (2009). Corporate Relocation in Venture Capital Finance. Entrepreneurship Theory and Practice 33 (5), 1121-1155.

Schwienbacher, A., U. Hege & F. Palomino (2009). Venture Capital Performance: The Disparity between Europe and the United States. Revue Finance 30 (1), 7-50.

Schwienbacher, A., D. Cumming & G. Fleming (2009). Style Drift in Private Equity. Journal of Business Finance and Accounting 36(5-6), 645-678.

Zou. L. Li, T., Sun, L. (2009). State Ownership and Corporate Performance: A Quantile Regression Analysis of Chinese Listed Companies. China Economic Review, 20, 703-716.

2008

Arping, S. & Diaw, K. (2008). Sunk costs, entry deterrence, and financial constraints. International Journal of Industrial Organization, 26, 490-501

Biais, Bruno and Enrico Perotti (2008), "Entrepreneurs and New Ideas", Rand Journal of Economics, Winter vol 39 no 4, 1105-1125

Boot, A.W.A., Gopalan, R. & Thakor, A.V. (2008). Market Liquidity, Investor Participation and Managerial Autonomy: Why do Firms Go Private? Journal of Finance, 63, (4), 2013-2059.

Boot, A.W.A. & Marinč, M. (2008). The Evolving Landscape of Banking. Industrial and Corporate Change, Oxford Journals, 17, (6), 1173-1203.

Chaieb, I. & V., Errunza, 2007. International asset pricing under segmentation and PPP deviations, Journal of Financial Economics, Volume 86, Issue 2, Pages 543-578.

Claessens, Stijn, Feijen, Erik, and Laeven, Luc (2008). Political Connections and Preferential Access to Finance: The Role of Campaign Contributions. Journal of Financial Economics 88, 554-580.

Claessens, Stijn, Underhill, Geoffrey R. D., and Zhang, Xiaoke (2008). Basle II Capital Requirements and Developing Countries: A Political Economy Perspective, The World   Economy, 31 (3), 313-344.

Cremers, Martijn, J.J.A.G. Driessen and Pascal Maenhout (2008). Explaining the Level of Credit Spreads: Option-Implied Jump Risk Premia in a Firm Value Model. Review of Financial Studies , 21, (5),  2209-2242.

Cremers, Martijn, J.J.A.G. Driessen, Pascal Maenhout and David Weinbaum (2008). Individual Stock-Option Prices and Credit Spreads. Journal of Banking and Finance, vol. 32, issue 12, pages 2706-2715.

Englund, Gunnelin, Hendershott, Söderberg, "Adjustment in Property Space Markets: Taking Long-Term Costs Seriously", Real Estate Economics p 81-109.

Giambona E., "The Long-Horizon Performance of REIT Mergers" (with Robert Campbell and C.F. Sirmans) - (Journal of Real Estate Finance and Economics, 38 (2)) - 2009.

McCahery, J.A. & E.P.M. Vermeulen (2008), Private Equity and Hedge Fund Activism: Regulatory Responses. European Business Organization Law Review, 9(4).

Phalippou, L. (2008). Where is the Value Premium?, Financial Analyst Journal, March-April 2008.

P. Jostarndt and Z. Sautner (2008). Financial Distress, Corporate Control, and Management Turnover, Journal of Banking & Finance 32, 2188-2204

Schroth, E. (2006). "Innovation, Differentiation and the Choice of an Underwriter," Review of Financial Studies, 19(3), 1041-1080.

Pasco-Font, A., E. Schroth and M. Torero (2003). "The Impact of the Privatization of Telecommunications in Peru on the Welfare of Urban Consumers," with Maximo Torero and Alberto Pasco-Font, Economia (Journal of the Latin American and Caribbean Economic Association), 4(1), 99-128, 2003.

Schwienbacher, A. (2008). Innovation and Venture Capital Exits. Economic Journal 118, (533),   1888-1916.

Schwienbacher, A., Cumming, D. & Fleming, G. (2008). Financial Intermediaries, Ownership Structure and Monitored Finance: Evidence from Japan. Small Business Economics 31, (1), 59-92.

Schwienbacher, A. (2008). Venture Capital Investment Practices in Europe and in the United States. Financial Markets and Portfolio Management 22, (3), 195-217.

2007

Arping, S.R. and Gyongyi Loranth,  Corporate Leverage and Product Differentiation Strategy, Journal of Business, Vol. 79, No. 6, pp. 3175-207

Chaieb, I. & V. Errunza (2007). International asset pricing under segmentation and PPP deviations. Journal of Financial Economics, 86, Issue 2, 543-578.

Claessens, C.A.M.F. Finance and inequality: channels and evidence (joint with Enrico Perotti), 2007. Journal of Comparative Economics 35 (4) 748-773.

Driessen, J. and P. Maenhout (2007), An Empirical Portfolio Perspective on Option Pricing Anomalies, Review of Finance, 561-603 (11).

Driessen, J., and L. Laeven, ‘International Portfolio Diversification Benefits: Cross Country Evidence', Journal of Banking and Finance, 31 (6), 1693-1712.

Englund, P. "Adjustment in Commercial Property Markets" (with Å. Gunnelin, P. Hendershott, and B. Söderberg), Real Estate Economics, Spring 2008, Vol. 36 Issue 1, 81-109.

Jong, F. de. Privatization and Stock Market Liquidity, with Bernardo Bortolotti, Giovanna Nicodano, and Ibolya Schindele (2007), Journal of Banking and Finance 31, 297-316.

McCahery, J.A. & Bratton, W.W. (2007). The Equilibrium Content of Corporate Federalism. Corporate Practice Commentator 48(4) 855-939.

McCahery, J.A. and E. P.M. Vermeulen (2007), Corporate Governance, Investor Protection and  Performance in the Netherlands, Revue Trimestrielle de Droit Financier (RTDF) nr.3, 95-100;

McCahery, J.A. and E. P.M. Vermeulen (2007), The Breakthrough Rule and Implementation of the Takeover Directive in the Netherlands, Revue Trimestrielle de Droit Financier (RTDF), nr. 1, 29-30;

McCahery, J.A. and E. P.M. Vermeulen (2007), Traditional and Innovative Approaches to Legal Reform: ‘the New Company Law', European Business Organization Law Review, 8,  7-57.

McCahery, J.A. et al (2007) Editorial, European Business Law Review, 8: 1, 1-5.

Perotti, E.C., "Unlocking value: Equity carve outs as strategic real options" (with Silvia Rossetto), Journal of Corporate Finance, 13 (5), p.771-792, Dec 2007

Perotti, E.C., "Finance and inequality: channels and evidence" (with Stijn Claessens), Journal of Comparative Economics 35 (4), 748-773 (2007)

Perotti, E.C., "From government to regulatory governance: privatization and the residual role of state" (with B. Bortolotti),  World Bank Research Observer, 10  1093 (2007)

Phalippou, L. (2007). Can Recent Risk-Based Explanations Explain the Value Premium? Review of Finance, 11, (2), 143-166. (lead article)

Phalippou, L. & Gottschalg, O. (2007). Why Private Equity Is Less Attractive Than it Looks, Harvard Business Review, 17-18.

Schwienbacher, A. "IPOs, Trade Sales and Liquidations: Modelling Venture Capital Exits Using Survival Analysis," with P. Giot (2007), Journal of Banking & Finance 31 (3), pp. 679-702.

Schwienbacher, A.  "A Theoretical Analysis of Optimal Financing Strategies for Different Types of Capital-Constrained Entrepreneurs" (2007), Journal of Business Venturing 22 (6), pp.753-781.

2006

Claessens, C.A.M.F., Tzioumis, K. (2006). Ownership and Financing Structures of Listed and Large Non-listed Corporations. 2006 Konstantinos Tzioumis Corporate Governance: An International Review 14 (4), 266-276.

Claessens, C.A.M.F., Kreuser, J. (2006). Strategic Foreign Reserves Risk Management:  Analytical Framework, Annals of Operations Research, volume on Financial Modeling, Hercules Vladimirou, Editor, November 2006.

Boot, A.W.A., Milbourn, T. & Schmeits, A. (2006). Credit Ratings as Coordination Mechanisms. Review of Financial Studies, vol. 19 (1), p. 81-118.

Boot, A.W.A., Gopalan, R. & Thakor, A.V. (2006). The entrepreneur's choice between private and public ownership, Journal of Finance, vol. 61 (2), April, p. 803-836

Englund, P. (2006). "Revisiting the Past and Settling the Score: Revision in Repeat Sales and Hedonic Indexes of House Prices" (with E. Clapham, J. Quigley, and C. Redfearn), Real Estate Economics, Summer 2006, Vol. 34 Issue 2, 275-302

Giambona, E. (2006). "The Conditional Performance of REIT Stock Repurchases" (with Giaccotto and Golec), Journal of Real Estate Finance and Economics, 32 (2) - 2006

Laeven, Roger J.A. (2006). Denuit, Michel, Jan Dhaene, Marc J. Goovaerts, Rob Kaas (2006). "Risk measurement with equivalent utility principles," In: Rüschendorf, Ludger (Ed.), Risk Measures: General Aspects and Applications (special issue), Statistics and Decisions 24 (1), 1-26.

Lopez de Silanes F. (2006). "What Works in Securities Laws?" Journal of Finance, Spring 2006, (with R. La Porta and A. Shleifer).

McCahery, J.A. & Bratton, W.W. (2006). The Equilibrium Content of Corporate Federalism. Wake Forest Law Review 41(3) 619-696.

McCahery, J.A. & Hertig, G. (2006). Optimal Rather than Mandatory EU Company Law. European Company and Financial Law Review 3(4) 341-362.

McCahery, J.A. & Hertig, G. (2006). Can France Serve as an Inspiration for EU Law on Management Self-Dealing? Corporate Finance and Capital Markets Law Review 1(1) 48-50.

McCahery, J.A. (2006). Creditor Protection in a Cross-Border Context: Comment. European Business Organization Law Review 7(1) 455-459.

Perotti, E.C. (2006). "The Political Economy of Corporate Control", (with  Ernst-Ludwig von Thadden), Journal of Political Economy, February 2006

Perotti, E.C. (2006). "Corporate Governance and the Distribution of Wealth: A Political Economy Perspective" (2005), (with E. von Thadden),  Journal of Institutional and Theoretical Economics, 162(1), 204--217

Perotti, E.C. (2006). "Strategic Transparency and Dominant Investors" (with E. von Thadden), Journal of Law, Economics and Organization, April 1 2005, Volume 21, Issue 1

Schwienbacher, A., D. Cumming and G. Fleming (2006), "Legality and Venture Capital Exits," Journal of Corporate Finance 12, pp. 214-245.

Schwienbacher, A., and Y.E. Riyanto (2006) "The Strategic Use of Corporate Venture Financing for Securing Demand," Journal of Banking & Finance 30 (10), pp. 2809-2833

Zou, L. (2006). `An alternative to prospect theory', Annals of Economics and Finance, May 2006, vol. 7, p. 1-27.

Zou, L. (2006). `The best-beta CAPM', Applied Financial Economics Letters, March 2006, vol. 2, p. 131-137.