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Global Strategy: The World is your Oyster (if you can shuck it!)

Reus, Reus, T.H. - Erasmus Research Institute of Management (ERIM), … - 2014

In this inaugural lecture, Taco briefly describes the disciplinary background, central research questions, and themes of Global Strategy, and he presents what may be the dominant framework of understanding how global strategy works and what determines its success. In a nutshell, the formation...

Persistent link: https://www.econbiz.de/10011094033

The Role of Self-Regulation in Corporate Governance

de Jong, de Jong, A.; DeJong, D.V.; Mertens, Mertens, G.M.H. - Erasmus Research Institute of Management (ERIM), … - 2001

was undertaken to promote change in the balance of power between management and investors. Not surprisingly, the United …

Persistent link: https://www.econbiz.de/10010731323

When Do Managers Seek Private Equity Backing in Public-to-Private Transactions?

van Dijk, Dick; Fidrmuc, Fidrmuc, J.P.; Roosenboom, … - Erasmus Research Institute of Management (ERIM), … - 2007

Over the last decade, the going private market has experienced a considerable boom in size and also has become more interesting for private equity investors that are looking to partner with incumbent management. This offers managers the choice to take the firm private themselves in a traditional...

Persistent link: https://www.econbiz.de/10010837590

Corporate Governance and Acquisitions: Acquirer Wealth Effects in the Netherlands

de Jong, de Jong, A.; van der Poel, van der Poel, A.M.; … - Erasmus Research Institute of Management (ERIM), … - 2007

the shareholders. Corporate governance structures serve to constrain managers in their acquisition activity. In this … corporate governance, because the managerial board has a relatively strong position vis-à-vis shareholders. Several takeover … such fights. On the other hand, ownership is relatively concentrated, which may provide shareholders with the incentives …

Persistent link: https://www.econbiz.de/10010730980

Corporate Governance and the Value of Excess Cash Holdings of Large European Firms

van Dijk, Dick; Schauten, Schauten, M.B.J.; van der … - Erasmus Research Institute of Management (ERIM), … - 2008

We examine the relation between the quality of corporate governance and the value of excess cash for large European firms (FTSEurofirst 300 Index). We use Deminor ratings for Shareholder rights, Takeover defences, Disclosure and Board as proxies for the quality of corporate governance. We find...

Persistent link: https://www.econbiz.de/10010837639

Creating competition & mastering markets; New entrants, monopolists, and regulators in transforming public utilities across the Atlantic

Hulsink, Hulsink, W.; Wubben, E. - Erasmus Research Institute of Management (ERIM), … - 2003

combination of industrial predation (e.g. legacy systems and installed customer base) and incumbency power (market leadership …

Persistent link: https://www.econbiz.de/10010731521

What's New About the New Economy? Sources of growth in the managed and entrepreneurial economies

Audretsch, David B.; Thurik, Roy - Erasmus Research Institute of Management (ERIM), … - 2000

The purpose of this paper is to document the fundamental shift that is taking place in OECD countries. This shift is from the managed economy to the entrepreneurial economy. While politicians and policy makers have made a plea for guidance in the era of entrepreneurship, scholars have been slow...

Persistent link: https://www.econbiz.de/10010837693

Market timing: A decomposition of mutual fund returns

Swinkels, Laurens A. P.; Verbeek, Marno; van der Sluis, P.J. - Erasmus Research Institute of Management (ERIM), … - 2003

We decompose the conditional expected mutual fund return in five parts. Two parts, selectivity and expert market timing, can be attributed to manager skill, and three to variation in market exposure that can be achieved by private investors as well. The dynamic model that we use to estimate the...

Persistent link: https://www.econbiz.de/10010731118

Do Sophisticated Investors Believe in the Law of Small Numbers?

Verbeek, Marno; Baquero, G. - Erasmus Research Institute of Management (ERIM), … - 2006

Believers in the law of small numbers tend to overinfer the outcome of a random process after a small series of observations. They believe that small samples replicate the probability distribution properties of the population. We provide empirical evidence indicating that investors are...

Persistent link: https://www.econbiz.de/10010731241

Why don’t Latvian pension funds diversify more internationally?

Swinkels, Laurens A. P.; Vejina, D.; Vilans, R. - Erasmus Research Institute of Management (ERIM), … - 2005

Latvian employees have to choose a pension fund for the second-pillar of the Latvian pension system. These pension funds invest about 85% in domestic assets. In this paper, we address the question why this strong home bias might exist. Firstly, we conclude that the Latvian pension law is strict...

Persistent link: https://www.econbiz.de/10010731310