Prof. dr. O.W. (Onno) Steenbeek

Onno Steenbeek
Erasmus School of Economics (ESE)
Erasmus University Rotterdam
Former Member ERIM
Field: Finance & Accounting
Former Member ERIM
Field: Finance & Accounting
Affiliated since 1999

Onno Steenbeek

 

Prof.dr.Onno Steenbeek holds a Chair in Pension Fund Risk Management at Erasmus University School of Economics in Rotterdam. His main affiliation is with APG Asset Management, where he is managing director of Strategic Portfolio Advice. This department is responsible for APG’s advisory services on ALM and SAA, as well as investment research. The quantitative models developed by the department are used to optimize the financial strategy of associated pension funds, with assets under management of around €500 billion. The department also plays a key role in the implementation of the reform of the Dutch pension system. In addition to his primary affiliations to APG and Erasmus University, Steenbeek is member of the investment committee of Unilever pension fund, and chairman of the investment committee of charity foundation Volkskracht in the city of Rotterdam. He is also a member of the Occupational Pensions Stakeholder Group (OPSG) of EIOPA, the European pension supervisor in Frankfurt.

Publications

Article (56)

  • Academic (37)

    • Rivera-Rozo, JA., García-Huitrón, ME., Steenbeek, O., & Lecq, F. (2018). National culture and the configuration of public pensions. Journal of Comparative Economics, 46(2), 457-479. https://doi.org/10.1016/j.jce.2017.05.001

    • Bockweg, C., Ponds, EHM., Steenbeek, O., & Vonken, J. (2017). Framing and the annuitization decision – Experimental evidence from a Dutch pension fund. Journal of Pension Economics and Finance, 17(3), 385-417. https://doi.org/10.1017/S147474721700018X

    • Bikker, JA., Steenbeek, O., & Torracchi, F. (2012). The impact of scale, complexity, and service quality on the administrative costs op pension funds: a cross-country comparison. The Journal of Risk and Insurance, 79(2), 477-514. https://doi.org/10.1111/j.1539-6975.2011.01439.x

    • Mehrotra, V., van Schaik, D., Steenbeek, O., & Spronk, J. (2011). Creditor-Focused Corporate Governance: Evidence from Mergers and Acquisitions in Japan. Journal of Financial and Quantitative Analysis, 46(4), 1051-1072. https://doi.org/10.1017/S002210901100024X

    • Kuipers, B., Schüller, S., & Steenbeek, O. (2006). Lage inkomens en jongeren profiteren van hypotheekrenteaftrek. Economisch-Statistische Berichten, 91(4491), 360-362.

    • Hoevenaars, RPMM., Sleijpen, OCHM., & Steenbeek, O. (2005). Het financiële toetsingskader onder de loep. Economisch-Statistische Berichten, 90(4472), 434-437.

    • Steenbeek, O. (2004). Aandeleninkoopprogramma's creëren geen aandeelhouderswaarde. Economisch-Statistische Berichten, 89(4445), 513-515.

    • Steenbeek, O., & de Jong, C. (2001). Met derivaten kun je juist stroomcrisis voorkomen. Het Financieele Dagblad, 8-8.

    • Steenbeek, O., & de Jong, C. (2001). Maximum stroomprijs slecht idee. Het Financieele Dagblad, 8-8.

    • Steenbeek, O., & Brown, SJ. (2001). Doubling: Nick Leeson's trading strategy. Pacific-Basin Finance Journal, 9, 83-99. https://doi.org/10.1016/S0927-538X(01)00004-X

    • Schauten, M., Steenbeek, O., & Wycisk, EM. (2001). Waardecreatie door spin-offs: aankondigingseffect en post-spin-off performance. Financieel Management, 21(mrt/april), 69-77.

    • Steenbeek, O., & de Jong, C. (2001). Slim handelen voorkomt stroomcrisis. Economisch-Statistische Berichten, 86(4311), 452-455.

    • Steenbeek, O., & Grimmelt, B. (2001). Venture capital deal structurering in Nederland. MAB, 75(7/8), 321-335.

    • Martens, MPE., & Steenbeek, O. (2001). Intraday trading halts in the Nikkei futures market. Pacific-Basin Finance Journal, 9(5), 535-561. https://doi.org/10.1016/S0927-538X(01)00023-3

    • Schauten, M., & Steenbeek, O. (2001). Empirisch onderzoek naar de vermogensstructuur van beursgenoteerde ondernemingen: valkuilen. Economisch en Sociaal Tijdschrift, 4, 685-698.

    • Schauten, M., Steenbeek, O., & Ewalds, SG. (2000). De informatieve waarde van kwartaalcijfers. MAB, 74(8), 333-341.

    • Steenbeek, O., & Martens, MPE. (2000). Handelssystemen en concurrentie tussen effectenbeurzen. Bank- en Effectenbedrijf, november, 24-28.

    • Steenbeek, O., & van Vliet, MA. (2000). Waarde en prijs van Nederlandse beursgenoteerde ondernemingen. MAB, 74(11), 509-518.

    • Steenbeek, O. (2000). De zin van actief beleggen (The use of active portfolio investment). Vakblad Financiële Planning, 1(jan.), 2-2.

    • Steenbeek, O. (1999). De beurs van Europa. Bank- en Effectenbedrijf, jan/feb, 12-15.

    • Steenbeek, O., & Schauten, M. (1999). Obstakels bij het meten van gerealiseerde economische waarde bij Nederlandse ondernemingen. Pecunia Magazine, maart, 13-20.

    • Steenbeek, O. (1998). De zoektocht naar het beste handelssysteem. Nederbelgisch Magazine, (febr/maart), 30-35.

    • Steenbeek, O. (1998). De zoektocht naar het beste handelssysteem II. Nederbelgisch Magazine, (apr/mei), 34-38.

    • Steenbeek, O. (1998). Vakgroepartikel: crisis in Azië. Pecunia Magazine, (zomer), 30-32.

    • Steenbeek, O., & Berkman, H. (1998). The influence of daily price limits on trading in Nikkei futures. The Journal of Futures Markets, 18(3), 265-279.

    • van den Bergh, WM., & Steenbeek, O. (1997). Handelsbeperkingen op de beurs. Economisch-Statistische Berichten, 82(4100), 271-274.

    • Steenbeek, O. (1997). Book note: The changing capital markets of east asia. The Economic Journal, July, 1292-1293.

    • Steenbeek, O. (1997). Book note: Financial deregulation and integration in East Asia. The Economic Journal, July, 1292-1293.

    • Steenbeek, O. (1997). Book review: Japanese banking: a history 1859-1959. The Economic Journal, 107(3), 837-839.

    • Steenbeek, O. (1997). Handelssystemen. Bank- en Effectenbedrijf, July/Aug, 32-37.

    • Steenbeek, O. (1997). Nieuws voor actieve beleggers: markten nog steeds niet efficiënt. Nederbelgisch Magazine, okt/nov, 40-40.

    • Steenbeek, O., & de Bruin, W. (1997). Bent u de gorilla die de beurs verslaat? VB. Verzekeringsblad, 24(4 december), 1622-1622.

    • Steenbeek, O. (1997). Trading systems and price formation. Economisch-Statistische Berichten, 4100, 275-275.

    • Steenbeek, O. (1996). Uit de vakliteratuur: oogverblindend. Economisch-Statistische Berichten, 143-143.

    • Steenbeek, O., & Berkman, H. (1995). Beurse plekken. Economisch-Statistische Berichten, 3995, 105-109.

    • Steenbeek, O., & Vorst, ACF. (1995). Zijn goed geleide ondernemingen ook goede beleggingen? Economisch-Statistische Berichten, 4038, 1146-1147.

    • Steenbeek, O. (1995). Japanse katers. Pecunia Magazine, (zomer), 32-32.

  • Popular (3)

    • Steenbeek, O. (2016). Les van de brexit: kalm aan met hervormen pensioen. Het Financieele Dagblad, 9-9.

    • Steenbeek, O. (2012). Pensioendebat is destructief. NRC Handelsblad (print), (12-09-2012), 8.

    • Steenbeek, O. (2007). Pensioenfondsen hebben geen winstoogmerk. Unknown, 9.

  • Professional (16)

    • Steenbeek, O., Ummels, M., & Krips, J. (2023). ESG en staatsobligaties van opkomende landen. VBA Journaal, 154(Najaar), 10-15. https://cfasociety.nl/nl/publicaties/esg-en-staatsobligaties-van-opkomende-landen/d006ec7f-6f4d-11ee-9d27-005056b303d3

    • Steenbeek, O., & van Popta, B. (2023). Nederlandse pensioenen: een unieke vernieuwing in internationaal perspectief. PM. Pensioen Magazine, 2023(8/9), Article 95. https://www.inview.nl/document/id303f21ad33784bc0a87915e2ad507827?ctx=WKNL_CSL_109

    • Steenbeek, O., & van Popta, B. (2022). Pension reform in the Netherlands: lessons from abroad. Investment & Pensions Europe. https://www.ipe.com/country-reports/viewpoint-reform-lessons-from-abroad/10054698.article

    • Steenbeek, O. (2017). Essay: de keerzijde van keuzevrijheid. Economisch-Statistische Berichten, 100(4703S), 35-37.

    • Ponds, EHM., Steenbeek, O., & Vonken, J. (2016). Meer keuzevrijheid leidt tot nieuwe rol pensioenprofessie. Me Judice.

    • Ponds, EHM., Steenbeek, O., & Vonken, J. (2016). Wil men bij pensionering een gedeelte van pensioenvermogen opnemen? Me Judice.

    • Steenbeek, O., & Schauten, M. (2015). Does shareholder value rise with growth in corporate earnings? Valuation Strategies, 6(September/October), 38-42.

    • Steenbeek, O. (2015). Risico's van een goed pensioen. TPEdigitaal, 8(1), 124-141.

    • Lecq, F., & Steenbeek, O. (2014). Pensioenen in Nederland: het macrobeeld. Tijdschrift Fiscaal Ondernemingsrecht, 153-167.

    • Steenbeek, O., & Schauten, M. (2012). Do share repurchase programs create shareholder value? Valuation Strategies, 15(3), 14-19. Article 2.

    • Lecq, F., & Steenbeek, O. (2007). Benefits of Collective Schemes. Investment & Pensions Europe, february, 10-12.

    • Lecq, F., & Steenbeek, O. (2006). Solidariteit in euro's. PM. Pensioen Magazine, 12(december), 14-18.

    • Schauten, M., Steenbeek, O., & Ewalds, SG. (2001). Kwartaalrapportage en marktefficiëntie. FSR Forum, maart, 40-49.

    • Steenbeek, O., Schauten, M., van der Voort, LPF., van der Windt, JW., & van Zijl, DJM. (1998). Obstakels bij het meten van gerealiseerd economische waarde. Tijdschrift Financieel Management, (sept/okt), 49-61.

    • Steenbeek, O., & Backhouse, RI. (1997). Bookreview: Norio Tamaki's 'Japanese banking; a history 1859-1959. The Economic Journal, 107(3), 837-839.

    • Steenbeek, O. (1997). Financial regulation in Japan. Pecunia Magazine, (winter), 30-34.

Book (7)

  • Academic (5)

    • Steenbeek, O. (2012). Risico's van een goed pensioen. Erasmus Universiteit Rotterdam (EUR). http://hdl.handle.net/1765/110255

    • Steenbeek, O. (2012). Inaugural Address: Risks of a good pension. Erasmus School of Economics (ESE). http://hdl.handle.net/1765/110254

    • Lecq, F., & Steenbeek, O. (2007). Costs and Benefits of Collective Pension Systems. Springer-Verlag.

    • Steenbeek, O. W., & Van Der Lecq, S. G. (2007). Costs and benefits of collective pension systems. Springer-Verlag. https://doi.org/10.1007/978-3-540-74374-3

    • Lecq, F., & Steenbeek, O. (2006). Kosten en Baten van Collectieve Pensioenregelingen. Uitgeverij Kluwer.

  • Professional (2)

    • Steenbeek, O. (2013). Von Bismarck Lezing: het slechtste pensioenstelsel ter wereld. Stichting NIMF.

    • Lecq, F., & Steenbeek, O. (2008). Pensioenwoordenboek/Pension Dictionary (2e druk). Uitgeverij Kluwer.

Book editing (3)

  • Academic (3)

    • Lecq, F., & Steenbeek, O. (2007). Costs and Benefits of Collective Pension Systems. Springer-Verlag.

    • Lecq, F., & Steenbeek, O. (2006). Kosten en baten van collectieve pensioensystemen. Uitgeverij Kluwer.

    • Steenbeek, O., van den Bergh, WM., Schauten, M., & Spronk, J. (1997). Financiering en Belegging. Capaciteitsgroep Accounting & Finance.

Chapter (15)

  • Academic (12)

    • Bikker, J. A., Steenbeek, O. W., & Torracchi, F. (2017). The impact of scale, complexity and service quality on the administrative costs of pension funds: A cross-country comparison. In Pension Fund Economics and Finance: Efficiency, Investments and Risk-Taking (pp. 41-76). Taylor and Francis AS. https://doi.org/10.4324/9781315621739

    • Lecq, F., Rivera Rozo, J., & Steenbeek, O. (2014). An empirical exploration of structural and cultural factors associated with pension systems. In W. van Oorschot, H. Peeters, & K. Boos (Eds.), Invisible Social Security Revisited: Essays in Honour of Jos Berghman (pp. 267-286). Lannoo Campus.

    • Steenbeek, O., & Ponds, EHM. (2013). De financiering van overheidspensioenen in perspectief. In R. Bekker (Ed.), Staat van de Ambtelijke Dienst (STAD) (pp. 188-198). CAOP.

    • de Kam, CA., Lecq, F., Sleijpen, OCHM., & Steenbeek, O. (2007). Sociale zekerheid: de AOW ziet Abraham. In Jaarboek Overheidsfinanciën 2007 (pp. 63-85). Sdu Uitgevers.

    • Van Der Lecq, S. G., & Steenbeek, O. W. (2007). Summary and conclusions. In Costs and Benefits of Collective Pension Systems (pp. 227-235). Springer-Verlag. https://doi.org/10.1007/978-3-540-74374-3_12

    • Steenbeek, O. (2006). Wet- en regelgeving. In C. Petersen (Ed.), Risicomanagement door Pensioenfondsen (pp. 25-44). Petersen Consult BV.

    • Groenewegen, JPM., Steenbeek, O., & Fei, Y. (2005). Stock Acquisitions and Corporate Performance: the Case of China. In Research in Economics and Finance (pp. 58-70). Jiaotong University Press.

    • Steenbeek, O. (2000). Asia pacific financial deregulation. In G. de Brouwer, & W. Pupphavesa (Eds.), - Routledge.

    • Steenbeek, O. (1999). Price discovery during periods of stress: Barings, the Kobe Quake and the Nikkei futures market. In . Bank of Japan (Ed.), Risk measurement and systemic risk (pp. 409-434). Bank of Japan.

    • Steenbeek, O., & Martens, MPE. (1999). Intraday trading halts in the Nikkei futures market. In J. Annaert, R. Huisman, & J. Spronk (Eds.), Financiering en Belegging (pp. 100-133). Sectie Finance & Investments.

    • Steenbeek, O., & Nishikawa, S. (1997). Vissering no keizaigaku to tokeigaku (Vissering studies of economics and statistics). In T. Okubo (Ed.), Tsuda Mamichi; kenkyû to denki (Tsuda Mamichi; research and bibliography) (pp. 149-176). Misuzu shôbô.

    • Steenbeek, O., & Stassen, RJ. (1995). Reforming the Milan stock exchange. In M. Donders, M. H. Goedhart, & A. C. F. Vorst (Eds.), Financiering en Belegging (pp. 362-381). Vakgroep Financiering en Belegging.

  • Professional (3)

    • Steenbeek, O., & Ponds, EHM. (2015). Pension Reform in the Netherlands. In Lessons from abroad for the United Kingdom UK Parliament.

    • Steenbeek, O. (1999). The Economic Journal. In K. Jansen (Ed.), - McMillan & ISS.

    • Steenbeek, O., & Berkman, H. (1995). Price limits and the mispricing of Nikkei futures. In L. Lynn (Ed.), Best Paper Proceedings, Association of Japanese Business Studies (pp. 235-250). University of Michigan.

Conference contribution (1)

  • Academic (1)

    • Brown, SJ., Galagher, DR., Steenbeek, O., & Swan, PL. (2005). Double or Nothing: Patterns of Equity Fund Holdings and Transactions. EFA 2005 Moscow meetings paper, Moscow.

Conference proceeding (2)

  • Professional (2)

    • Steenbeek, O., Kemna, AGZ., & Vlaar, P. (2011). Pensioenregels en financiële markten. In ESB dossier (Vol. 96, pp. 35-35). ESB.

    • Aarsen, K., Giersbergen, RFA., & Steenbeek, O. (2007). Indextielabel. In Actuariaatcongres Magazine (Vol. 2007, pp. 20-24). VSAE.

Doctoral Thesis (1)

  • Internal (1)

    • Steenbeek, O. (1996). Financial regulation in Japan: systemic risks and the Nikkei futures market. [Doctoral Thesis, Erasmus University Rotterdam]. Erasmus University Rotterdam (EUR).

Foreword/postscript (2)

Paper (5)

  • Academic (5)

    • Steenbeek, O., Schauten, M., & RIjn, R. V. (2015). Private Equity and Pensioners: Value creation through pension adjustments.

    • Rivera Rozo, J., Lecq, F., & Steenbeek, O. (2013). Cultural determinants of regulation and supervision of pension funds.

    • Brown, SJ., Gallagher, DR., Steenbeek, O., & Swan, PL. (2006). Concave Payoff Patterns in Equity Fund Holdings and Transactions.

    • Groenewegen, JPM., Fei, Y., & Steenbeek, O. (2006). Insider trading in China.

    • van Schaik, D., & Steenbeek, O. (2004). Price and Volume Effects of Merger Bids in Japan.

Report (2)

Additional activities (16)

  • Review of Managerial Science (Journal)

    Editorial work (Academic)

  • New Pension Law - Impact on Asset Management

    Invited talk (Professional)

  • Inflation and Rising Interest Rates - Perspectives from Europe

    Invited talk (Professional)

  • Climate and Strategic Asset Allocation

    Oral presentation (Academic)

  • Klimaatrisico’s en ALM

    Oral presentation (Academic)

  • Impact of inflation on pension portfolios and ways to protect against inflation

    Invited talk (Professional)

  • Inflation, global risks and SAA: Investor outlook

    Invited talk (Professional)

  • Current Global Pension challenges

    Invited talk (Professional)

  • Pension reform in the Netherlands

    Invited talk (Professional)

  • Current Developments in International Asset Management

    Invited talk (Professional)

  • What went wrong with target benefit plans in the Netherlands, and what can we learn from their experience?

    Invited talk (Professional)

  • Pension reform in the Netherlands

    Invited talk (Professional)

  • Administratiefonds Rotterdam (External organisation)

    Membership of committee (Professional)

  • Commissie Parameters o.l.v. Jeroen Dijsselbloem (Event)

    Membership of committee (Professional)

  • Occupational Pensions Stakeholder Group (OPSG) (External organisation)

    Membership of committee (Professional)

  • Collective pension systems: costs and benefits of solidarity

    Oral presentation (Professional)

PhD Tracks (4)

Planning for retirement: Save more or retire later?
  • Role: Member Doctoral Committee
  • PhD Candidate: Ron van Schie
  • Time frame: 2008 - 2017
  • Role: Daily Supervisor
Choices in Pension Management
  • Role: Promotor
  • PhD Candidate: Gosse Alserda
  • Time frame: 2013 - 2017
PhD project in the marketing department at the Erasmus School of Economics
  • Role: Promotor
  • PhD Candidate: Yadi Yang
  • Time frame: 2019 -

Address

Visiting address

Office: Tinbergen Building H14-25
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Latest publication

Article

Steenbeek, O., Ummels, M., & Krips, J. (2023). ESG en staatsobligaties van opkomende landen. VBA Journaal, 154(Najaar), 10-15. https://cfasociety.nl/nl/publicaties/esg-en-staatsobligaties-van-opkomende-landen/d006ec7f-6f4d-11ee-9d27-005056b303d3