prof.dr. (Patrick) P. Verwijmeren
Professor of Corporate Finance
Full Professor Erasmus School of Economics Business Economics
- Location
- Erasmus University Rotterdam
- Room
- H 14-27
- Telephone
- +31 10 4081392
- verwijmeren@ese.eur.nl
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Patrick Verwijmeren is a Professor of Corporate Finance at the Erasmus School of Economics (Erasmus University Rotterdam).
Patrick specializes in convertible securities, short sales, corporate governance, and capital structure.
You can find more information on his personal website:
https://sites.google.com/site/patrickverwijmeren/
He has publications in Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and Review of Finance, among others. Patrick has presented at many international conferences, including the WFA, AFA, and EFA meetings, and has been a speaker at TEDx.
His research on proxy access has been cited in final rulings by the U.S. Securities and Exchange Commission and Patrick has also been involved in writing a report for the Dutch Ministry of Finance on the influence of hedge funds. In 2013, Patrick received the prestigious Netherlands Organization for Scientific Research VIDI grant.
- B. Grundy & P. Verwijmeren (2017). The buyers’ perspective on security design: Hedge funds and convertible bond call provisions. Journal of Financial Economics, Accepted.
- A. Korteweg, R. Kraussl & P. Verwijmeren (2016). Does it pay to invest in art? A selection-corrected returns perspective. The Review of Financial Studies, 29 (4), 1007-1038. doi: http://dx.doi.org/10.1093/rfs/hhv062
- B. Grundy & P. Verwijmeren (2016). Disappearing Call Delay and Dividend-Protected Convertible Bonds. The Journal of Finance, 71 (1), 195-223. doi: http://dx.doi.org/10.1111/jofi.12363
- S. Brown, B. Grundy, C. Lewis & P. Verwijmeren (2012). Convertibles and hedge funds as distributors of equity exposure. The Review of Financial Studies, 25 (10), 3077-3112. doi: http://dx.doi.org/10.1093/rfs/hhs088[go to publisher's site]
- B. Grundy, B. Lim & P. Verwijmeren (2012). Do option markets undo restrictions on short sales: evidence from the 2008 short sale ban. Journal of Financial Economics, 106 (2), 331-348. doi: http://dx.doi.org/10.1016/j.jfineco.2012.05.013[go to publisher's site]
- A. de Jong, M.D.R.P. Dutordoir & P. Verwijmeren (2011). Why do convertible issuers simultaneously repurchase stock? An arbitrage-based explanation. Journal of Financial Economics, 100 (1), 113-129. doi: http://dx.doi.org/10.1016/j.jfineco.2010.10.016[go to publisher's site]
- R. Adams, A. Akyol & P. Verwijmeren (2017). Director skill sets. Journal of Financial Economics, Accepted.
- D. Veenman & P. Verwijmeren (2017). Do investors fully unravel persistent pessimism in analysts' earnings forecasts? The Accounting Review, Accepted.
- A. Akyol, K. Raff & P. Verwijmeren (2017). The elimination of broker voting in director elections. Finance Research Letters, 21, 34-39.
- M. Van Marle & P. Verwijmeren (2017). The long and the short of convertible arbitrage: An empirical examination of arbitrageurs’ holding periods. Journal of Empirical Finance, 44 (December), 237-249. doi: http://dx.doi.org/10.1016/j.jempfin.2017.09.001
- H. Berkman, M. McKenzie & P. Verwijmeren (2017). Hole in the wall: Informed short selling ahead of private placements. Review of Finance, 21 (3), 1047-1091. doi: http://dx.doi.org/10.1093/rof/rfw036
- A. Siganos, E. Vagenas-Nanos & P. Verwijmeren (2017). Divergence of sentiment and stock market trading. Journal of Banking and Finance, 78, 130-141.
- B. Grundy & P. Verwijmeren (2017). The buyers’ perspective on security design: Hedge funds and convertible bond call provisions. Journal of Financial Economics, Accepted.
- A. Korteweg, R. Kraussl & P. Verwijmeren (2016). Does it pay to invest in art? A selection-corrected returns perspective. The Review of Financial Studies, 29 (4), 1007-1038. doi: http://dx.doi.org/10.1093/rfs/hhv062
- M.D.R.P. Dutordoir, E. Li, F. Liu & P. Verwijmeren (2016). Convertible bond announcement effects: Why is Japan different? Journal of Corporate Finance, 37, 76-92. doi: http://dx.doi.org/10.1016/j.jcorpfin.2015.12.006
- J.G. Duyvesteyn, M.P.E. Martens & P. Verwijmeren (2016). Political risk and expected government bond returns. Journal of Empirical Finance, 38, 498-512. doi: http://dx.doi.org/10.1016/j.jempfin.2016.01.016[go to publisher's site]
- B. Grundy & P. Verwijmeren (2016). Disappearing Call Delay and Dividend-Protected Convertible Bonds. The Journal of Finance, 71 (1), 195-223. doi: http://dx.doi.org/10.1111/jofi.12363
- P. Verwijmeren (2015). Forensisch financieel onderzoek. MAB, 89 (4), 149-154.
- A. Siganos, E. Vagenas-Nanos & P. Verwijmeren (2014). Facebook’s daily sentiment and international stock markets. Journal of Economic Behavior and Organization, 107 (Part B), 730-743. doi: http://dx.doi.org/10.1016/j.jebo.2014.06.004[go to publisher's site]
- B. Grundy, C. Veld, P. Verwijmeren & Y. Zabolotnyuk (2014). Why are conversion-forcing call announcements associated with negative wealth effects? Journal of Corporate Finance, 24, 149-157. doi: http://dx.doi.org/10.1016/j.jcorpfin.2013.10.003[go to publisher's site]
- C. Lewis & P. Verwijmeren (2014). Cash-settled convertible bonds and the value relevance of their accounting treatment. Journal of Corporate Finance, 24, 101-111. doi: http://dx.doi.org/10.1016/j.jcorpfin.2013.06.003[go to publisher's site]
- A. Akyol & P. Verwijmeren (2013). Capital Costs, Firm Leverage, and Unemployment Rates. Journal of Financial Intermediation, 22 (3), 464-481. doi: http://dx.doi.org/10.1016/j.jfi.2013.04.003[go to publisher's site]
- S. Brown, B. Grundy, C. Lewis & P. Verwijmeren (2013). Hedge fund involvement in convertible securities. Journal of Applied Corporate Finance, 25 (4), 60-73. doi: http://dx.doi.org/10.1111/jacf.12043
- A. de Jong, M.J.C.M. Verbeek & P. Verwijmeren (2012). Does financial flexibility reduce investment distortions? The Journal of Financial Research, 35 (2), 243-259. doi: http://dx.doi.org/10.1111/j.1475-6803.2012.01316.x[go to publisher's site]
- A. Akyol, W.F. Lim & P. Verwijmeren (2012). Shareholders in the boardroom: Wealth effects of the SEC's proposal to facilitate director nominations. Journal of Financial and Quantitative Analysis, 47 (5), 1029-1057. doi: http://dx.doi.org/10.1017/S0022109012000373[go to publisher's site]
- B. Grundy, B. Lim & P. Verwijmeren (2012). Do option markets undo restrictions on short sales: evidence from the 2008 short sale ban. Journal of Financial Economics, 106 (2), 331-348. doi: http://dx.doi.org/10.1016/j.jfineco.2012.05.013[go to publisher's site]
- S. Brown, B. Grundy, C. Lewis & P. Verwijmeren (2012). Convertibles and hedge funds as distributors of equity exposure. The Review of Financial Studies, 25 (10), 3077-3112. doi: http://dx.doi.org/10.1093/rfs/hhs088[go to publisher's site]
- E. Duca, M.D.R.P. Dutordoir, C. Veld & P. Verwijmeren (2012). Why are convertible bond announcements associated with increasingly negative abnormal stock returns? An arbitrage-based explanation. Journal of Banking and Finance, 36 (11), 2884-2899. doi: http://dx.doi.org/10.1016/j.jbankfin.2012.03.019[go to publisher's site]
- A. de Jong, M.D.R.P. Dutordoir, N. Van Geneugten & P. Verwijmeren (2012). Convertible arbitrage price pressure and short sales constraints. Financial Analysts Journal, 68 (5), 70-88. doi: http://dx.doi.org/10.2469/faj.v68.n5.4
- A. De Jong, M.J.C.M. Verbeek & P. Verwijmeren (2011). Firms' debt-equity decisions when the static tradeoff theory and the pecking order theory disagree. Journal of Banking and Finance, 35 (5), 1303-1314. doi: http://dx.doi.org/10.1016/j.jbankfin.2010.10.006[go to publisher's site]
- C. Lewis & P. Verwijmeren (2011). Convertible security design and contract innovation. Journal of Corporate Finance, 17 (4), 809-831. doi: http://dx.doi.org/10.1016/j.jcorpfin.2011.03.001
- A. de Jong, P. Verwijmeren & T. Jiang (2011). Strategic debt in vertical relations: Evidence from franchising. Journal of Retailing, 87 (3), 381-392. doi: http://dx.doi.org/10.1016/j.jretai.2010.12.002[go to publisher's site]
- A. de Jong, M.D.R.P. Dutordoir & P. Verwijmeren (2011). Why do convertible issuers simultaneously repurchase stock? An arbitrage-based explanation. Journal of Financial Economics, 100 (1), 113-129. doi: http://dx.doi.org/10.1016/j.jfineco.2010.10.016[go to publisher's site]
- P. Verwijmeren (2010). Dating preferences. Interface, 24 (3).
- P. Verwijmeren & J.M.M. Derwall (2010). Employee well-being, leverage, and bankruptcy costs. Journal of Banking and Finance, 34, 956-964. doi: http://dx.doi.org/10.1016/j.jbankfin.2009.10.006
- A. de Jong & P. Verwijmeren (2010). To have a target debt ratio or not: what difference does it make? Applied Financial Economics, 20 (3), 219-226. doi: http://dx.doi.org/10.1080/09603100903282671[go to publisher's site]
- M.G.J. Jennen & P. Verwijmeren (2010). Agglomeration Effects and Financial Performance. Urban Studies (print), 47 (12), 2683-2703. doi: http://dx.doi.org/10.1177/0042098010363495[go to publisher's site]
- A. De Jong, M.J.C.M. Verbeek & P. Verwijmeren (2010). The impact of financing surpluses and large financing deficits on tests of the pecking order theory. Financial Management - FM, 39 (2), 733-756. doi: http://dx.doi.org/10.1111/j.1755-053X.2010.01090.x[go to publisher's site]
- A. De Jong, M.A. Rosellon & P. Verwijmeren (2006). The economic consequences of IFRS: the impact of IAS 32 on preference shares in the Netherlands. The European Accounting Review, 15 (3), 169-185. doi: http://dx.doi.org/10.1080/09638180600920350
- A. De Jong, M.A. Rosellon & P. Verwijmeren (2006). De invloed van IFRS op preferente aandelen in Nederland. MAB, 80 (7/8), 336-342.
- P. Verwijmeren (2005). It's all about the figures? Interface, 22 (1), 18-19.
- P. Verwijmeren & M.A. Rosellon (2005). De invloed van IFRS op de bedrijfsvoering. Finance en Control, 2005 (december), 56-59.
- P. Verwijmeren (2005). IFRS: de bijwerkingen van een verslaggevingsysteem. CFO Magazine, november, 68-69.
- A. Akyol, W.F. Lim & P. Verwijmeren (2012). Governance characteristics and the market reaction to the SEC's proxy access rule. In International review of finance 12, 175-195
- A. de Jong & P. Verwijmeren (2011). Survey evidence on capital structure - NON-US evidence. In H.k. Baker & G.S. Martin (Eds.), Capital structure and corporate financing decisions (pp. 249-262). New York: John Wiley & Sons
- A. De Jong, P.G.J. Roosenboom, M.J.C.M. Verbeek & P. Verwijmeren (2007). Hedgefondsen en private equity in Nederland. (Extern rapport). Den Haag: Ministerie van Financien
- P. Verwijmeren (2005, augustus 18). Bedrijven onderschatten vermogenverschaffers. het financieele dagblad
- P. Verwijmeren (2014). Forensic Finance. (2014, september 19). Rotterdam: Erasmus Research Institute of Management
- P. Verwijmeren (2008, december 18). Empirical essays on debt, equity, and convertible securities. Erasmus University Rotterdam (173 pag.) (Rotterdam: Erasmus Research Institute of Management (PhD Serie 154)) Prom./coprom.: Prof.Dr. A. De Jong & prof.dr. M.J.C.M. Verbeek.
Full Professor
- University
- Erasmus University Rotterdam
- School
- Erasmus School of Economics
- Department
- Business Economics
- Country
- Nederland
- Telephone
- +31 10 4081392
Personal website: https://sites.google.com/site/patrickverwijmeren/
- Country
- Nederland
- Telephone
- +31 10 4081392
Antti Yang
Empirical finance
Nishad Matawlie
Behavioural Real Options
Renjie (Rex) Wang
Essays on Information Costs, Corporate Finance, and Corporate Governance
Gosse Alserda
Choices in Pension Management
-
Eden Quxian Zhang
Financing and Regulatory Frictions in Mergers and Acquisitions
-
Teng Wang
Essays in Banking and Corporate Finance
-
Johan Duyvesteyn
Empirical studies on sovereign fixed income markets
-
Wilma de Groot
Assessing Asset Pricing Anomalies
-
Saskia ter Ellen
Measurement, dynamics, and implications of heterogeneous beliefs in financial markets
-
Teodor Dyakov
Empirical Studies on Actively Managed Mutual Funds: New Insights into the Costs and Benefits of Portfolio Disclosure
-
Joris Kil
Acquisitions Through a Behavioural and Real Options Lens
University of Glasgow
- Start Date
- Jan/2013
- End Date
- Is current
- Place
- GLASGOW
- Specialty
- Corporate Finance
University of Melbourne
- Start Date
- Jan/2013
- End Date
- Is current
- Place
- MELBOURNE
- Specialty
- Corporate Finance