Publications
2021
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Veenman, D., & Verwijmeren, P. (2021). The earnings expectations game and the dispersion anomaly. Management Science, 68(4), 3129-3149. https://doi.org/10.1287/mnsc.2021.3983
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Dutordoir, M., Vagenas-Nanos, E., Verwijmeren, P., & Wu, B. (2021). A rundown of merger target run-ups. Financial Management - FM, 50(2), 487-518. https://doi.org/10.1111/fima.12331
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Dai, Y., Gryglewicz, S., & Smit, H. (2021). Less Popular But More Effective Toeholds in Corporate Takeovers. Journal of Financial and Quantitative Analysis, 56(1), 283-312. https://doi.org/10.1017/S0022109019001029
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Bongaerts, D., Mazzola, F., & Wagner, W. (2021). Closed for business: The mortality impact of business closures during the Covid-19 pandemic. PLoS ONE, 16(5), e0251373. Article e0251373. https://doi.org/10.1371/journal.pone.0251373
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Bae, J., Biddle, G., & Park, C. (2021). Managerial Learning from Analyst Feedback to Voluntary Capex Guidance, Investment Efficiency, and Firm Performance. Management Science, 68(1), 583-607. https://doi.org/10.1287/mnsc.2020.3896
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Aleksanyan, M., Hao, Z., Vagenas-Nanos, E., & Verwijmeren, P. (2021). Do state visits affect cross-border mergers and acquisitions. Journal of Corporate Finance, 66, Article 101800. https://doi.org/10.1016/j.jcorpfin.2020.101800
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Fons-Rosen, C., Kalemli-Ozcan, S., Sorensen, B., Villegas-Sanchez, C., & Volosovych, V. (2021). Quantifying Productivity Gains from Foreign Investment. https://doi.org/10.2139/ssrn.2249706
2020
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Verwijmeren, P., & Grundy, B. (2020). The external financing of investment. Journal of Corporate Finance, 65, Article 101745. https://doi.org/10.1016/j.jcorpfin.2020.101745
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Verwijmeren, P., & Yang, A. (2020). The fluctuating maturities of convertible bonds. Journal of Corporate Finance, 62, Article 101576. https://doi.org/10.1016/j.jcorpfin.2020.101576
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Roosenboom, P. (2020). Bedrijven te lijf als sprinkhanen. Algemeen Dagblad. http://hdl.handle.net/1765/129218
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Roosenboom, P. (2020). Dit zijn de 500 grootste bedrijven van Nederland. Elsevier Weekblad. http://hdl.handle.net/1765/125063
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Roosenboom, P. (2020). Grootste Nederlandse kinderopvangbedrijf zit fiscaal op de Kaaimaneilanden. De Volkskrant. http://hdl.handle.net/1765/127387
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Roosenboom, P. (2020). Investeerders gespitst op crisis. NRC Handelsblad. http://hdl.handle.net/1765/127881
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Roosenboom, P. (2020). Onbegrensd optimisme heerst in de wereld van private equity. NRC Handelsblad. http://hdl.handle.net/1765/125062
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Roosenboom, P. (2020). Private equity wint altijd, ook als het mis gaat. Elsevier Weekblad. http://hdl.handle.net/1765/128122
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Roosenboom, P. (2020). Vijf jaar private equity: Hogere prijzen, meer schuld en grotere deals. Fusie en Overname (M & A Magazine), 40-43. http://hdl.handle.net/1765/129152
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Roosenboom, P., van der Kolk, T., & Jong, A. (2020). What determines success in Initial Coin Offerings? Venture Capital, 22, 161-183. https://doi.org/10.1080/13691066.2020.1741127
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Renjie, R. W., & Verwijmeren, P. (2020). Director attention and firm value. Financial Management, 49(2), 361-387. https://doi.org/10.2139/ssrn.2990292, https://doi.org/10.1111/fima.12259
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Ralcheva, A., & Roosenboom, P. (2020). Forecasting success in equity crowdfunding. Small Business Economics, 55, 39-56. https://doi.org/10.1007/s11187-019-00144-x
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Kramer, S., & Maas, V. (2020). Selective Attention as a Determinant of Escalation Bias in Subjective Performance Evaluations (In Press). Behavioral Research in Accounting, 32(1), 87-100. https://doi.org/10.2308/bria-18-021
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Guidi, M., Sogiakas, V., Vagenas-Nanos, E., & Verwijmeren, P. (2020). Spreading the sin: An empirical assessment from corporate takeovers. International Review of Financial Analysis, 71, Article 101535. https://doi.org/10.1016/j.irfa.2020.101535
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Gryglewicz, S., Mayer, SR., & Morellec, E. (2020). Agency Conflicts and Short- versus Long-Termism in Corporate Policies. Journal of Financial Economics, 136(3), 718-742. https://doi.org/10.1016/j.jfineco.2019.12.003
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Gryglewicz, S., Hartman-Glaser, B., & Zheng, G. (2020). Growth Options, Incentives, and Pay-for-Performance: Theory and Evidence. Management Science, 66(3), 1248-1277. https://doi.org/10.1287/mnsc.2018.3267
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Gryglewicz, S., & Hartman-Glaser, B. (2020). Investment Timing and Incentive Costs∗. Review of Financial Studies, 33(1), 309-357. https://doi.org/10.1093/rfs/hhz051, https://doi.org/10.1093/rfs/hhz051
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Braggion, F., Manconi, A., & Zhu, H. (2020). Credit and social unrest: Evidence from 1930s China. Journal of Financial Economics, 138(2), 295-315. https://doi.org/10.1016/j.jfineco.2020.05.001
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Adam-Mueller, AFA., & Erkens, M. (2020). Risk disclosure noncompliance. Journal of Accounting and Public Policy, 39(3). https://doi.org/10.1016/j.jaccpubpol.2020.106739
2019
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Koning, M., Mertens, G., & Roosenboom, P. (2019). Auditor selection and IPO underpricing. In Cumming, D., & Johan, S. (Eds.), Oxford Handbook on IPOs Oxford University Press. https://doi.org/10.1093/oxfordhb/9780190614577.013.13
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Jiao, T., Giudici, G., & Roosenboom, P. (2019). Survival of Initial Public Offerings on Europe’s new stock markets. In Cumming, D., & Johan, S. (Eds.), Oxford Handbook on IPOs Oxford University Press. https://doi.org/10.1093/oxfordhb/9780190614577.013.17
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Igan, D., & Lambert, T. (2019). Bank Lobbying: Regulatory Capture and Beyond. In Emilios Avgouleas, & David Donald (Eds.), The Political Economy of Financial Regulation (pp. 129-159). Cambridge University Press. http://hdl.handle.net/1765/118563
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Belleflamme, P., Lambert, T., & Schwienbacher, A. (2019). Effets de réseau et financement participatif : une analyse empirique. In François Moreau, & Yann Nicolas (Eds.), Financement participative : une voie d'avenir pour la culture ? (pp. 23-46). Presses de Sciences Po. http://hdl.handle.net/1765/118557
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Vishwanathan, P., Oosterhout, H., Heugens, P., Duran Solis, PA., & Essen, M. (2019). Strategic CSR: a concept building meta-analysis. Journal of Management Studies, 57(2), 314-350. https://doi.org/10.1111/joms.12514
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Urban, D. (2019). The effects of culture on CEO power: International evidence from executive turnover. Journal of Banking and Finance, 104, 50-69. https://doi.org/10.1016/j.jbankfin.2019.05.003
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Roosenboom, P. (2019). Craftbeer: tussen servet en tafellaken. Het Financieele Dagblad. http://hdl.handle.net/1765/117602
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Roosenboom, P. (2019). Engelen van de Nederlandse innovatie. Elsevier Weekblad. http://hdl.handle.net/1765/114047
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Roosenboom, P. (2019). Invest-NL staatsfonds: Geen financier? Dan schiet Bos wel te hulp. Unknown. http://hdl.handle.net/1765/122584
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Roosenboom, P. (2019). Nieuw investeringsfonds voor startende bedrijven: 'Geen financier? Wouter Bos schiet wel te hulp'. Unknown. http://hdl.handle.net/1765/122529
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Roosenboom, P. (2019). Private equity verovert kinderopvang. NRC Handelsblad. http://hdl.handle.net/1765/115811
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Roosenboom, P. (2019). SP, GroenLinks en PvdA: verbied winstuitkering uit kinderopvang. Trouw. http://hdl.handle.net/1765/117236
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Holzhacker, MK., Kramer, S., Matejka, M., & Hoffmeister, N. (2019). Relative Target Setting and Cooperation. Journal of Accounting Research, 57(1), 211-239. https://doi.org/10.1111/1475-679X.12244
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Hoffmann, F., Inderst, R., & Ottaviani, M. (2019). Persuasion through Selective Disclosure: Implications for Marketing, Campaigning, and Privacy Regulation. Management Science, accepted. http://hdl.handle.net/1765/118314
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Gan, Y., & Qiu, B. (2019). Escape from the USA: Government debt-to-GDP ratio, country tax competitiveness, and US-OECD cross-border M&As. Journal of International Business Studies, 50, 1156-1183. https://doi.org/10.1057/s41267-019-00216-w
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Essen, M., Heugens, P., Duran, P., Saleh, SF., Sauerwald, S., Oosterhout, H., & Xie, E. (2019). How concentrated owners improve the performance of Asian firms: Filling voids or imposing effective governance? The Multinational Business Review, 28(1), 39-63. https://doi.org/10.1108/MBR-07-2019-0078
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Denis, D., Jochem, T., & Rajamani, A. (2019). Shareholder Governance and Executive Compensation: The Peer Effects of Say on Pay. The Review of Financial Studies, 33(7), Article hhz104. https://doi.org/10.1093/rfs/hhz104
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Closset, F., & Urban, D. (2019). The balance of power between creditors and the firm: Evidence from German Insolvency Law. Journal of Corporate Finance, 58, 454-477. https://doi.org/10.1016/j.jcorpfin.2019.06.004
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Caggese, A., Cunat, V., & Metzger, D. (2019). Firing the Wrong Workers: Financing Constraints and Labor Misallocation. Journal of Financial Economics, 133(3), 589-607. https://doi.org/10.1016/j.jfineco.2017.10.008
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Antoni, M., Maug, E., & Obernberger, S. (2019). Private equity and human capital risk. Journal of Financial Economics, 133(3), 634-657. https://doi.org/10.1016/j.jfineco.2019.04.010
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Ahmad, F., & Lambert, T. (2019). Collective Bargaining and Mergers and Acquisitions Activity around the World. Journal of Banking and Finance, 99, 21-44. https://doi.org/10.1016/j.jbankfin.2018.11.010
2018
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Roosenboom, P. (2018). Harvesting: The exit. In Andreoli, J., & Alemany, L. (Eds.), Entrepreneurial Finance: The Art and Science of Growing Ventures (pp. 530-561). Cambridge University Press.
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Lambert, T., & Volpin, P. (2018). Endogenous Political Institutions and Financial Development. In T. Beck, & R. Levine (Eds.), Handbook of Finance and Development (pp. 477-500). Edward Elgar Publishing.
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Lambert, T., Ralcheva, A., & Roosenboom, P. (2018). The crowd-entrepreneur relationship in start-up financing. In Cumming, D., & Hornhuf, L. (Eds.), The Economics of Crowdfunding (pp. 57-78). Palgrave Macmillan. https://doi.org/10.1007/978-3-319-66119-3_4
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Jong, A., & Driel, H. (2018). Case Studies. In M. Blum, & C. L. Colvin (Eds.), An Economist’s Guide to Economic History (pp. 365-370). Palgrave Macmillan. https://doi.org/10.1007/978-3-319-96568-0
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Veld, C., Verwijmeren, P., & Zabolotnyuk, Y. (2018). Wealth effects of seasoned equity offerings: A meta-analysis. International Review of Finance, Accepted. https://doi.org/10.1111/irfi.12218
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Veenman, D., & Verwijmeren, P. (2018). Do investors fully unravel persistent pessimism in analysts' earnings forecasts? The Accounting Review, 93(3), 349-377. https://doi.org/10.2308/accr-51864
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Roosenboom, P. (2018). Private equity casht nu het nog kan. Het Financieele Dagblad. http://hdl.handle.net/1765/110827
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Roosenboom, P., & Zhang, E. (2018). Vroegtijdige lobby leidt tot snellere afronding overname bedrijf. Het Financieele Dagblad.
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Pruijssers, J., Heugens, P., & Oosterhout, H. (2018). Winning at a losing game? Side-effects of perceived tournament promotion incentives in audit firms. Journal of Business Ethics, 162, 149-167. https://doi.org/10.1007/s10551-018-3991-2
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Lander, M., Oosterhout, H., Heugens, P., & Pruijssers, J. (2018). Career stage dependent effects of law firm governance: A multilevel study of professional-client misconduct. Human Relations, 72(9), 1497-1529. https://doi.org/10.1177/0018726718796157
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Lambert, T. (2018). Lobbying on Regulatory Enforcement Actions: Evidence from U.S. Commercial and Savings Banks. Management Science, 65(6), 2545-2572. https://doi.org/10.1287/mnsc.2017.2895
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Koning, M., Mertens, G., & Roosenboom, P. (2018). Drivers of institutional change around the world: The case of IFRS. Journal of International Business Studies, 49(3), 249-271. https://doi.org/10.1057/s41267-017-0123-7
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Grundy, B., & Verwijmeren, P. (2018). The buyers’ perspective on security design: Hedge funds and convertible bond call provisions. Journal of Financial Economics, 127(1), 77-93. https://doi.org/10.1016/j.jfineco.2017.11.003
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Fidrmuc, J., Roosenboom, P., & Zhang, E. (2018). Antitrust merger review costs and acquirer lobbying. Journal of Corporate Finance, 51(August), 72-97. https://doi.org/10.1016/j.jcorpfin.2018.05.001
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Erkens, M., Gan, Y., & Yurtoglu, B. (2018). Not all clawbacks are the same: Consequences of strong vs. weak clawback provisions. Journal of Accounting and Economics, 66(1), 291-317. https://doi.org/10.1016/j.jacceco.2018.06.002
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Birkhäuser, S., Kaserer, C., & Urban, D. (2018). Did UEFA's Financial Fair Play harm competition in European football leagues? Review of Managerial Science, 13(1), 113-145. https://doi.org/10.1007/s11846-017-0246-z
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Bach, L., & Metzger, D. (2018). How close are close Shareholder Votes? The Review of Financial Studies, 32(8), 3183-3214. https://doi.org/10.1093/rfs/hhy126
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Adams, R., Akyol, A., & Verwijmeren, P. (2018). Director skill sets. Journal of Financial Economics, 130(3), 641-662. https://doi.org/10.1016/j.jfineco.2018.04.010
2017
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Chen, C., Dollevoet, T., & Zhao, J. (2017). One-block train formation in large-scale railway networks: An exact model and a tree-based decomposition algorithm. (Econometric Institute Report Series EI2017-32 ed.) Econometric Institute.
2016
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Sauerwald, S., Oosterhout, H., & Essen, M. (2016). Proxy advisors and shareholder dissent. A cross-country comparative study. Journal of Management, 44(8), 3364-3394. https://doi.org/10.1177/0149206316675928
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Jong, A., Marra, T., & Beusichem, HC. (2016). The price impact of block trades in the Netherlands. International Journal of Corporate Governance, 7(1), 1-31. https://www.inderscienceonline.com/doi/pdf/10.1504/IJCG.2016.077980
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Degryse, H., Lambert, T., & Schwienbacher, A. (2016). The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries. The Economic Journal, 128(611), 1433-1475. https://doi.org/10.1111/ecoj.12459