prof.dr.

(Enrico) HPG Pennings

Profile

Enrico Pennings is a professor at the Department of Applied Economics, the Erasmus School of Economics (ESE). Professor Pennings has been a fellow of the Tinbergen research school since 2005 and a member of ERIM since 2006. Before joining the Erasmus School of Economics (ESE) he was an assistant professor at IGIER-Bocconi University in Milan and at the University Pompeu Fabra in Barcelona. He is former IGIER fellow. Professor Pennings obtained his PhD in 1998 Cum Laude from the Erasmus University Rotterdam with a thesis entitled Real Options and Managerial Decision Making.

• All publications (69)

  • Article (52)

    • Scholarly Publication (47)

      • C.T. Witte, M.J. Burger & H.P.G. Pennings (2020). When political instability devaluates home-host ties. Journal of World Business, 55 (4):101077. doi: 10.1016/j.jwb.2020.101077
      • T.L.P.R. Peeters, B. Mills, H.P.G. Pennings & H. Sung (2019). Manager Migration, Learning-by-hiring and Cultural Distance in International Soccer. Global Strategy Journal, In press. doi: 10.1002/gsj.1354 [go to publisher's site]
      • K.D.S. Fernald, H.P.G. Pennings, J.F. van den Bosch, H.R. Commandeur & E. Claassen (2017). The moderating role of absorptive capacity and the differential effects of acquisitions and alliances on Big Pharma firms' innovation performance. PLoS One (print), 12 (2), 1-22. doi: 10.1371/journal.pone.0172488
      • C.T. Witte, M.J. Burger, E. Ianchovichina & H.P.G. Pennings (2017). Dodging bullets: the heterogeneous effect of political violence on greenfield FDI. Journal of International Business Studies, 48 (7), 862-892. doi: 10.1057/s41267-017-0079-7
      • H.P.G. Pennings (2017). Real Options with Ex-Post Division of the Surplus. Journal of Banking and Finance, 81, 200-206. doi: 10.1016/j.jbankfin.2016.09.007
      • A.S. Bhaskarabhatla, P. Anurag, C. Chatterjee & H.P.G. Pennings (2017). Mitigating Regulatory Impact: The Case of Partial Price Controls on Metformin in India. Health Policy and Planning, 32 (2), 194-204. doi: 10.1093/heapol/czw109
      • A. de Vries, H.P.G. Pennings, J.H. Block & C. Fisch (2017). Trademark or patent? The effects of market concentration, customer type and venture capital financing on start-ups’ initial IP applications. Industry and Innovation, 24 (4), 325-345. doi: 10.1080/13662716.2016.1231607
      • J.T.J. Smit, E. Pennings & S. van Bekkum (2017). Real Options and Institutions. Journal of International Business Studies, 48 (5), 620-644. doi: 10.1057/s41267-016-0055-7
      • C. Altomonte, I. Colantone & H.P.G. Pennings (2016). Heterogeneous firms and asymmetric product differentiation. The Journal of Industrial Economics, 64 (4), 835-874. doi: 10.1111/joie.12105
      • P.A. van Reeven & H.P.G. Pennings (2016). On the Relation between Multimarket Contact and Service Quality: Mutual Forbearance or Network Coordination? Strategic Management Journal, 37 (10), 2121-2134. doi: 10.1002/smj.2435
      • K.D.S. Fernald, H.P.G. Pennings & E. Claassen (2014). Biotechnology Commercialization Strategies: Risk and Return in Interfirm Cooperation. Journal of Product Innovation Management, 32 (6), 971-996. doi: 10.1111/jpim.12218
      • A.S. Bhaskarabhatla & H.P.G. Pennings (2014). Defensive Disclosure of Patentable Inventions under Antitrust Enforcement. Industry and Innovation, 21 (7), 533-552. doi: 10.1080/13662716.2014.987452
      • H.P.G. Pennings (2011). Unionization Structure, Licensing and Innovation. International Journal of Industrial Organization, 29 (2), 232-241. doi: 10.1016/j.ijindorg.2010.06.001
      • S. van Bekkum, J.T.J. Smit & E. Pennings (2011). Buy Smart, Time Smart: Are Takeovers Driven by Growth Options or Mispricing? Financial Management - FM, 40 (4), 911-940. doi: 10.1111/j.1755-053X.2011.01166.x
      • H.P.G. Pennings & L. Sereno (2011). Evaluating Pharmaceutial R&D udner Technical and Economic Uncertainty. European Journal of Operational Research, 212 (2), 374-385. doi: 10.1016/j.ejor.2011.01.055
      • T. Duso, H.P.G. Pennings & J. Seldeslachts (2010). Learning dynamics in research alliances: A panel data analysis. Research Policy, 39 (6), 776-789. doi: 10.1016/j.respol.2010.03.002
      • B. Hoogendoorn, H.P.G. Pennings & A.R. Thurik (2010). What do we know about social entrepreneurship? An analysis of empirical research. International Review of Entrepreneurship, 8 (2), 71-112.
      • S. van Bekkum, H.P.G. Pennings & J.T.J. Smit (2009). A Real Options Perspective on R&D Portfolio Diversification. Research Policy, 38 (7), 1150-1158. doi: 10.1016/j.respol.2009.03.009
      • H.P.G. Pennings & C. Altomonte (2009). Domestic plant productivity and incremental spillovers from foreign direct investment. Journal of International Business Studies, 40 (7), 1131-1148. doi: 10.1057/jibs.2008.99
      • H.P.G. Pennings (2008). Privatization of real options. Journal of Comparative Economics, 36 (3), 489-497. doi: 10.1016/j.jce.2008.05.003
      • C. Altomonte & H.P.G. Pennings (2008). Learning from foreign investment by rival firms: theory and evidence. International Journal of Industrial Organization, 26 (5), 1203-1217. doi: 10.1016/j.ijindorg.2007.12.002
      • K. Coucke, H.P.G. Pennings & L.I.E. Sleuwaegen (2007). Employee layoff under different modes of restructuring exit, downsizing or relocation. Industrial and Corporate Change, 16 (2), 161-182. doi: 10.1093/icc/dtm002 [go to publisher's site]
      • A. Mukherjee & H.P.G. Pennings (2006). Tariffs, licensing and market structure. European Economic Review, 50, 1699-1707. doi: 10.1016/j.euroecorev.2005.08.005
      • H.P.G. Pennings & C. Altomonte (2006). The Hazard Rate of Foreign Direct Investment: A Structural Estimation of a Real-option Model. Oxford Bulletin of Economics and Statistics, 68 (5), 569-593. doi: 10.1111/j.1468-0084.2006.00178.x
      • L.I.E. Sleuwaegen & H.P.G. Pennings (2006). International Relocation of Production: Where do Firms Go? Scottish Journal of Political Economy, 53 (4), 430-446. doi: 10.1111/j.1467-9485.2006.00388.x
      • H.P.G. Pennings (2005). How to Maximize Domestic Benefits from Foreign Investments: The Effect of Irreversibility and Uncertainty. Journal of Economic Dynamics and Control, 29, 873-889.
      • H.P.G. Pennings (2004). Imitation, Patent Protection and Welfare. Oxford Economic Papers, 56, 715-733.
      • H.P.G. Pennings (2004). Optimal Pricing and Quality Choice when Investment in Quality is Irreversible. The Journal of Industrial Economics, 52, 569-589.
      • H.P.G. Pennings & L.I.E. Sleuwaegen (2004). The choice and timing of foreign direct investment under uncertainty. Economic Modelling, 21 (6), 1101-1115. doi: 10.1016/j.econmod.2004.02.003
      • H.P.G. Pennings & L.J.O. Lint (2003). On the recently developed digital video standard, a game based analysis. Technovation, 23, 297-306.
      • H.P.G. Pennings & L.J.O. Lint (2003). On the recently developed digital video standard. A game-based analysis, Technovation. International Journal, 23, 297-306.
      • H.P.G. Pennings (2003). The V-Shaped Value Evolution of R&D Projects. Applied Economics Letters, 10 (1), 27-32.
      • H.P.G. Pennings (2001). Price or quantity setting under uncertain demand and capacity constraints: An examination of the profits. Journal of Economics, 74, 157-171.
      • M. Natter & H.P.G. Pennings (2001). Strategic Diversificaton and capacity utilisation. International Journal of Production Economics, 72, 261-272.
      • M. Natter & H.P.G. Pennings (2001). Strategic diversification and capacity utilisation. International Journal of Production Economics, 72, 261-272.
      • L.J.O. Lint & H.P.G. Pennings (2001). An option approach to the new product development process: a case study at Philips electronics. R and D Management, 31 (2), 163-172.
      • H.P.G. Pennings (2000). Taxes and Stimuli of Investment under Uncertainty. European Economic Review, 44, 383-391. doi: 10.1016/S0014-2921(98)00078-6
      • L.I.E. Sleuwaegen & H.P.G. Pennings (2000). International relocation: Firm and industry determinants. Economics Letters, 67 (2), 179-186.
      • H.P.G. Pennings & L.J.O. Lint (2000). Market Introduction, Phased Rollout or Abandonment? A Real Option Approach. European Journal of Operational Research, 124, 125-138. doi: 10.1016/S0377-2217(99)00121-6
      • L.J.O. Lint, H.P.G. Pennings & M. Natter (1999). Optionsmanagement in F&E: Eine Fallstudie. Zeitschrift fur Betriebswirtschaft, 51 (10), 990-1006.
      • H.P.G. Pennings (1998). How to Finance your Investment Opportunity Internally: A Note. The Journal of Futures Markets, 18, 599-604.
      • L.J.O. Lint & H.P.G. Pennings (1998). Een reële optieanalyse van het gelijktijdig ontwikkelen van twee produktstandaarden. MAB, 72 (1/2), 60-66.
      • L.J.O. Lint & H.P.G. Pennings (1998). R&D as an option on market introduction. R and D Management, 28, 279-287.
      • L.J.O. Lint & H.P.G. Pennings (1998). Financiën en strategie:time-to-wait or time- to-market. MAB, 71 (3), 117-125.
      • H.P.G. Pennings & L.J.O. Lint (1997). The option value of advanced R&D. European Journal of Operational Research, 103 (1), 83-94.
      • L.J.O. Lint & H.P.G. Pennings (1997). Financiën en strategie: time-to-wait or time-to-market? MAB, 117-125.
      • L.J.O. Lint & H.P.G. Pennings (1995). Optiemanagement bij investeringen in nieuwe technologie. Holland Management Review, 44-45.

    • Professional Publication (5)

      • B. Karreman, T.G. Nacken & H.P.G. Pennings (2013). Arabische lente voor de EBRD. Internationale Spectator, 67 (4), 46-51.
      • B. Karreman & H.P.G. Pennings (2011). De volgende fusie- en overnamegolf. Economisch-Statistische Berichten, 96 (4619), 589-591.
      • L.J.O. Lint & H.P.G. Pennings (1998). R&D als optie op marktintroductie. Bedrijfskunde, 69 (1), 61-67.
      • L.J.O. Lint & H.P.G. Pennings (1998). De recent overeengekomen videostandaard: een standaardanalyse deel II. Bedrijfskunde, 70 (2), 83-89.
      • L.J.O. Lint & H.P.G. Pennings (1998). De recent overeengekomen digitale videostandaard, deel I. Bedrijfskunde, 70 (1), 39-44.

  • Part of book - Chapter (4)

    • B. Hoogendoorn, H.P.G. Pennings & A.R. Thurik (2012). A conceptual overview of What We Know About Social Entrepreneurship. In J. DeFilippis & S. Saegert (Eds.), The Community Development Reader (pp. 117-124). New York: Routledge
    • L.I.E. Sleuwaegen & H.P.G. Pennings (2001). Relocation and public aid: a first report. In Mucchielli,.J.-L. Dunning, J.H. (Ed.), Multinational firms' strategies: The local-global dilemma (Studies in global competition series) (pp. 178-189). New York: Routledge
    • L.J.O. Lint & H.P.G. Pennings (1999). A business shift approach to R&D option valuation. In L. Trigeorgis (Ed.), Real Options and Business Strategy. Applications to Decision Making (pp. 117-135). Cambridge: RISK Publishers
    • L.J.O. Lint & H.P.G. Pennings (1996). Het management van reële optiewaarde. In P.J.J.M. van Loon & J.H. von Eije (Eds.), De financiële functie en ondernemingswaarde (pp. 201-216). Alphen a/d Rijn: Samsom

  • Report (5)

    • Scholarly Publication (4)

      • B. Hoogendoorn, H.P.G. Pennings & A.R. Thurik (2009). What do we know about social entrepreneurship: an analysis of empirical research. (Intern rapport, Report, no ERS-2009-044-ORG). 3000 DR Rotterdam: ERIM
      • L.I.E. Sleuwaegen & H.P.G. Pennings (1999). Exit or Relocation under Uncertainty? Theory and Evidence. (Extern rapport). ,: Mimeo
      • L.J.O. Lint & H.P.G. Pennings (1999). The option approach to the new product development process. (Intern rapport, RIBES, no 99-31). :
      • L.I.E. Sleuwaegen & H.P.G. Pennings (1999). The choice and timing of foreign market entry under uncertainty. (Extern rapport). : Mimeo

    • Professional Publication (1)

      • J. Meijaard, M. van Fraassen, Y. Prince, P. de Hek, T.G. Nacken, B. Karreman, H.P.G. Pennings & R.A. Belderbos (2020). Evaluatie van de NFIA 2010-2018. (Extern rapport). : MIR i.o.v. Ministerie van Economische Zaken en Klimaat

  • Article in volume (2)

    • S.E. Fleten, R. Huisman, M. Kilic, H.P.G. Pennings & S. Westgaard (2015). Electricity futures prices: time varying sensitivity to fundamentals. In Risk (pp. 1-22). Journal of Energy Markets doi: 10.21314/JEM.2015.136
    • J. Emami Namini & H.P.G. Pennings (2009). Horizontal multinational firms, vertical multinational firms and domestic investment. In Tinbergen Institute Discussion Paper 2009-004/2 doi: 10.2139/ssrn.1330801

  • Inaugural speech (1)

    • H.P.G. Pennings (2010). Does contract complexity limit opportunities? Vertical organisation and flexibility. (2010, september 17). Rotterdam: Erasmus Research Institute of Management

  • Lecture (2)

    • L.J.O. Lint & H.P.G. Pennings (1999, juni 6). The Option Approach to the New Product Development Process. Wassenaar, The 3rd Annual Conference on Real Options: Theory Meets Practice.
    • L.J.O. Lint & H.P.G. Pennings (1999, oktober 19). The Option Approach to the New Product Development Process. Marco Island, Florida, Annual PDMA Research Conference: Product Development at the Edge of the New Millennium.

  • Other output (1)

    • H.P.G. Pennings & L.I.E. Sleuwaegen (2002). The reorganization decisions of troubled firms: exit, downscale or relocate, 21 pag.

  • Book / Monograph / Book editorial (1)

    • L. van der Laan & H.P.G. Pennings (2009). Organizations in a Dynamic Environment. USA-Hoboken-NJ: Wiley Higher Education

  • Doctoral thesis (1)

    • H.P.G. Pennings (1998, juni 12). Real options and managerial decision making. Erasmus University Rotterdam (126 pag.) (Ridderkerk: Offsetdrukkerij Ridderprint B.V.) Prom./coprom.: L.I.E. Sleuwaegen & prof.dr. R.S. Pindyck.

• Ancillary activities (2)

  EUR Holding / SEOR BV (Affiliate)

  Start date approval

  Sep/2018

  End date approval

  Aug/2021

  Place

  ROTTERDAM

  European Commission / ERC Panel

  Start date approval

  May/2021

  End date approval

  Nov/2021

  Place

  BRUSSEL

  Description

  Lid ERC starting grant panel SH1

• Teaching (1)

  Economics of Strategy

  Title

  Economics of Strategy

  Year

  2020

  Year level

  master

• PhD list (16)

  • Zsolt Csafordi

    Skill Relatedness in Cities and Firms

    • 2017 -

  • Ioannis Kerkemezos

    Topics in empirical industrial organisation with application to transport markets

    • 2015 -

  • Nishad Matawlie

    Through Mind and Behaviour to Financial Decisions

    • 2015 - 2020
  • Caroline Witte

    Bloody business: Multinational investment in an increasingly conflict-afflicted world

    • 2013 - 2018
  • Caroline Witte

    Bloody business: Multinational investment in an increasingly conflict-afflicted world

    • 2013 - 2018
  • Pourya Darnihamedani

    Individual Characteristics, Contextual Factors and Entrepreneurial Behavior

    • 2012 - 2016
  • Christian Fisch

    Patents and trademarks: Motivations, antecedents, and value in industrialized and emerging markets

    • 2012 - 2016
  • Ying Feng

    The Effectiveness of Corporate Governance Mechanisms and Leadership Structure: Impacts on Strategic Change and Firm Performance

    • 2011 - 2017
  • Kenneth Fernald

    The Waves of Biotechnological Innovation in Medicine: Interfirm Cooperation Effects and a Venture Capital Perspective

    • 2011 - 2015
  • Tamar Weenen

    On the origin and development of the medical nutrition industry

    • 2010 - 2014
  • Esther Pronker

    Innovation Paradox in Vaccine Target Selection

    • 2009 - 2013
  • Peter van der Zwan

    The Entrepreneurial Process: An International Analysis of Entry and Exit

    • 2007 - 2011
  • Brigitte Hoogendoorn

    Social Entrepreneurship in the Modern Economy: Warm Glow, Cold Feet

    • 2007 - 2011
  • Bas Karreman

    Financial Services and Emerging Markets

    • 2006 - 2011
  • Haibo Zhou

    Knowledge, Entrepreneurship and Performance: Evidence from country-level and firm-level studies

    • 2006 - 2010
  • Lenny Pattikawa

    Innovation in the Pharmaceutical Industry: Evidence from Drug Introductions in the U.S.

    • 2002 - 2007

• Editorial positions (1)

  Technovation

  Role

  Editorial Board

  Start date approval

  Jan/2008

• Present position

  Full Professor

  University

  Erasmus University Rotterdam

  School

  Erasmus School of Economics

  Department

  Applied Economics

  Country

  The Netherlands

  Telephone

  0104082166

• Other positions (1)

  Universita di Sassari

  Role

  Visiting Professor

  Obtained Wage

  yes

  Start date approval

  Jan/2010

  End date approval

  May/2010