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It Takes Two To Tango: an empirical tale of distressed firms and assisting banks

de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2004

We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are guided in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and...

Persistent link: https://www.econbiz.de/10010731431

Costs and Recovery Rates in the Dutch Liquidation-Based Bankruptcy System

Couwenberg, Couwenberg, O.; de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2007

to measure the costs and recovery rates in the Dutch liquidation-based bankruptcy system, and to investigate the …We present evidence on the efficiency of the resolution of financial distress in bankruptcy in The Netherlands. We … firms before and in the bankruptcy procedures, the details of the bankruptcy process and the outcomes. This data allows us …

Persistent link: https://www.econbiz.de/10010731471

Firm Size Effects on Venture Capital Syndication: The Role of Resources and Transaction Costs

wright, mike; Bruining, Bruining, J.; Verwaal, Verwaal, E. - Erasmus Research Institute of Management (ERIM), … - 2005

The present paper examines firm size effects on the decision of venture capital firms to participate in a venture capital investment syndication network. The authors submit that firm size effects in venture capital syndication are dependent on resource acquisition motives and transaction cost...

Persistent link: https://www.econbiz.de/10011242170

The effects of decision flexibility in the hierarchical investment decision process

Hallerbach, Winfried; Spronk, Jaap; Ning, Ning, H. - Erasmus Research Institute of Management (ERIM), … - 2003

Large institutional investors allocate their funds over a number of classes (e.g. equity, fixed income and real estate), various geographical regions and different industries. In practice, these allocation decisions are usually made in a hierarchical (top-down), consecutive way. At the higher...

Persistent link: https://www.econbiz.de/10010731168

Striking Oil: Another Puzzle

Driesprong, G.; Jacobsen, Jacobsen, B.; Maat, B. - Erasmus Research Institute of Management (ERIM), … - 2003

We find that changes in oil prices strongly predict future stock market returns in many countries in the world. In our thirty year sample of monthly data for developed stock markets, we find statistically significant predictability in 12 out of the 18 countries and in a world market index. For...

Persistent link: https://www.econbiz.de/10010837598

The Social Value of Finance

van Dijk, Mathijs A. - Erasmus Research Institute of Management (ERIM), … - 2014

__Abstract__ Address delivered in shortened form at the occasion of accepting the appointment as Extraordinary Professor of Financial markets on behalf of Vereniging Trustfonds EUR at the Rotterdam School of Management, on Friday March 7, 2014. "In this address, I consider “The Social Value of...

Persistent link: https://www.econbiz.de/10011149195

De Ratio van Corporate Governance

de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2006

Abe de Jong (1970) is Professor in Corporate Finance and Corporate Governance at RSM Erasmus University. He obtained a PhD in finance at Tilburg University (1999). His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend...

Persistent link: https://www.econbiz.de/10010730461

Good News is No News

van Dijk, Dick - Erasmus Research Institute of Management (ERIM), … - 2007

News plays a crucial role in determining prices in financial markets. In an efficient market, current prices fully and correctly reflect all available information, such that only truly new information leads to price adjustment. This lecture shows that using high-frequency data makes it possible...

Persistent link: https://www.econbiz.de/10010730466

On the Real Effects of Private Equity

Roosenboom, Roosenboom, P.G.J. - Erasmus Research Institute of Management (ERIM), … - 2009

Private equity has become an increasingly important part of our economy. Around the world the companies owned by private equity investors account for a substantial percentage of Gross Domestic Product (GDP) and private sector employment. These investors have recently been under fire in the media...

Persistent link: https://www.econbiz.de/10010730478

A Firm-Specific Analysis of the Exchange-Rate Exposure of Dutch Firms

de Jong, de Jong, A.; Ligterink, J.; Macrae, V. - Erasmus Research Institute of Management (ERIM), … - 2002

We examine the relationship between exchange-rate changes and stock returns for a sample of Dutch firms over 1994-1998. We find that over 50% of the firms are significantly exposed to exchange-rate risk. Furthermore, all firms with significant exchange-rate exposure benefit from a depreciation...

Persistent link: https://www.econbiz.de/10010730859