
Professor of Corporate Finance
- Location
- Burg. Oudlaan 50, Rotterdam
- Room
- E2-29
- Telephone
- 0104081392
- verwijmeren@ese.eur.nl
More information
Profile
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 (2018). The buyers’ perspective on security design: Hedge funds and convertible bond call provisions. Journal of Financial Economics, 127 (1), 77-93. doi: 10.1016/j.jfineco.2017.11.003
- 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: 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: 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: 10.1093/rfs/hhs088
- 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: 10.1016/j.jfineco.2012.05.013
- 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: 10.1016/j.jfineco.2010.10.016
- B. Grundy & P. Verwijmeren (2018). The buyers’ perspective on security design: Hedge funds and convertible bond call provisions. Journal of Financial Economics, 127 (1), 77-93. doi: 10.1016/j.jfineco.2017.11.003
- 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: 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: 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: 10.1093/rfs/hhs088
- 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: 10.1016/j.jfineco.2012.05.013
- 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: 10.1016/j.jfineco.2010.10.016
- D. Veenman & P. Verwijmeren (2021). The earnings expectations game and the dispersion anomaly. Management Science, Accepted.
- P. Verwijmeren & A. Yang (2020). The fluctuating maturities of convertible bonds. Journal of Corporate Finance, Accepted. doi: 10.1016/j.jcorpfin.2020.101576
- P. Verwijmeren & B. Grundy (2020). The external financing of investment. Journal of Corporate Finance, 65:101745. doi: 10.1016/j.jcorpfin.2020.101745
- R. Adams, R. Kraussl, M. Navone & P. Verwijmeren (2020). Gendered prices. The Review of Financial Studies, Accepted.
- M. Aleksanyan, Z. Hao, E. Vagenas-Nanos & P. Verwijmeren (2020). Do state visits affect cross-border mergers and acquisitions. Journal of Corporate Finance, Accepted.
- M. Dutordoir, E. Vagenas-Nanos, P. Verwijmeren & B. Wu (2020). A rundown of merger runups. Financial Management - FM, Accepted. doi: 10.1111/fima.12331
- M. Guidi, V. Sogiakas, E. Vagenas-Nanos & P. Verwijmeren (2020). Spreading the sin: An empirical assessment from corporate takeovers. International Review of Financial Analysis, Accepted. doi: 10.1016/j.irfa.2020.101535
- R. Adams, A. Akyol & P. Verwijmeren (2018). Director skill sets. Journal of Financial Economics, 130 (3), 641-662. doi: 10.1016/j.jfineco.2018.04.010
- B. Grundy & P. Verwijmeren (2018). The buyers’ perspective on security design: Hedge funds and convertible bond call provisions. Journal of Financial Economics, 127 (1), 77-93. doi: 10.1016/j.jfineco.2017.11.003
- C. Veld, P. Verwijmeren & Y. Zabolotnyuk (2018). Wealth effects of seasoned equity offerings: A meta-analysis. International Review of Finance, Accepted. doi: 10.1111/irfi.12218
- P. Verwijmeren & R. Wang (2018). Director attention and firm value. Financial Management - FM, accepted. doi: 10.2139/ssrn.2990292
- D. Veenman & P. Verwijmeren (2018). Do investors fully unravel persistent pessimism in analysts' earnings forecasts? The Accounting Review, 93 (3), 349-377. doi: 10.2308/accr-51864
- A. Akyol, K. Raff & P. Verwijmeren (2017). The elimination of broker voting in director elections. Finance Research Letters, 21 (May), 34-39. doi: 10.1016/j.frl.2017.02.001
- A. Siganos, E. Vagenas-Nanos & P. Verwijmeren (2017). Divergence of sentiment and stock market trading. Journal of Banking and Finance, 78 (May), 130-141. doi: 10.1016/j.jbankfin.2017.02.005
- 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: 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: 10.1093/rof/rfw036
- 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: 10.1016/j.jempfin.2016.01.016
- 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: 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: 10.1111/jofi.12363
- 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: 10.1016/j.jcorpfin.2015.12.006
- 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: 10.1016/j.jebo.2014.06.004
- 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: 10.1016/j.jcorpfin.2013.10.003
- 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: 10.1016/j.jcorpfin.2013.06.003
- 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: 10.1111/jacf.12043
- A. Akyol & P. Verwijmeren (2013). Capital Costs, Firm Leverage, and Unemployment Rates. Journal of Financial Intermediation, 22 (3), 464-481. doi: 10.1016/j.jfi.2013.04.003
- 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: 10.1093/rfs/hhs088
- 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: 10.1111/j.1475-6803.2012.01316.x
- 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: 10.1016/j.jfineco.2012.05.013
- 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: 10.1017/S0022109012000373
- 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: 10.1016/j.jbankfin.2012.03.019
- 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: 10.2469/faj.v68.n5.4
- A. de Jong, P. Verwijmeren & T. Jiang (2011). Strategic debt in vertical relations: Evidence from franchising. Journal of Retailing, 87 (3), 381-392. doi: 10.1016/j.jretai.2010.12.002
- 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: 10.1016/j.jbankfin.2010.10.006
- C. Lewis & P. Verwijmeren (2011). Convertible security design and contract innovation. Journal of Corporate Finance, 17 (4), 809-831. doi: 10.1016/j.jcorpfin.2011.03.001
- 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: 10.1016/j.jfineco.2010.10.016
- P. Verwijmeren & J.M.M. Derwall (2010). Employee well-being, leverage, and bankruptcy costs. Journal of Banking and Finance, 34 (5), 956-964. doi: 10.1016/j.jbankfin.2009.10.006
- M.G.J. Jennen & P. Verwijmeren (2010). Agglomeration Effects and Financial Performance. Urban Studies (print), 47 (12), 2683-2703. doi: 10.1177/0042098010363495
- 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: 10.1080/09603100903282671
- 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: 10.1111/j.1755-053X.2010.01090.x
- P. Verwijmeren (2010). Dating preferences. Interface, 24 (3).
- A. De Jong, M.A. Rosellon & P. Verwijmeren (2006). De invloed van IFRS op preferente aandelen in Nederland. MAB, 80 (7/8), 336-342.
- 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: 10.1080/09638180600920350
- 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 doi: 10.1111/j.1468-2443.2011.01134.x
- 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 doi: 10.1002/9781118266250.ch14
- 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 doi: 10.1257/jep.22.3.127
- 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.
University of Glasgow
- Start date approval
- Jul/2019
- End date approval
- Jul/2022
- Place
- GLASGOW
University of Melbourne
- Start date approval
- Jul/2019
- End date approval
- Jul/2022
- Place
- MELBOURNE
Seminar: Empirical Corporate Finance
- Title
- Seminar: Empirical Corporate Finance
- Year
- 2020
- Year level
- master
Advanced Corporate Finance and Governanc
- Title
- Advanced Corporate Finance and Governanc
- Year
- 2020
- Year level
- master, master
Full Professor
- University
- Erasmus University Rotterdam
- School
- Erasmus School of Economics
- Department
- Business Economics
- Country
- The Netherlands
- Telephone
- 0104081392