Now showing items 1-10 of 24
Earnout financing in the financial services industry
(2016-10) - Journal article
This paper explores the effects of earnout contracts used in US financial services M&A. We use propensity score matching (PSM) to address selection bias issues with regard to the endogeneity of the decision of financial ...
Relative equity market valuation conditions and acquirers’ gains
(2017-10) - Journal article
We examine whether the relative equity market valuation conditions (EMVCs) in the countries of merging firms help acquirers’ managers to time the announcements of both domestic and foreign targets. After controlling for ...
A plant-level analysis of the spill-over effects of the German Energiewende
(2016-12-01) - Journal article
In order to analyse international effects of national energy policies, we investigate the spill-over effects of the German Energiewende on the Dutch power market, which is closely connected to the German market. We estimate ...
Cyclical behavior of international fund flows
(2018-01) - Journal article
We investigate the cyclicality of international fund flows employing correlation and regression analysis using monthly data for almost 70 countries between 1996 and 2013. International fund flows are cross-border investments ...
Historical Frontiers and the Rise of Inequality. The Case of the Frontier of Granada
(2017-02-01) - Journal article
This paper explores the political economy that leads frontier regions to be unequal. By focusing on the presence of a stable frontier between Castile and the Nasrid Kingdom of Granada in the late Middle Ages, our analysis ...
A new classifier based on the reference point method with application in bankruptcy prediction
(2018) - Journal article
The finance industry relies heavily on the risk modelling and analysis toolbox to assess the risk profiles of entities such as individual and corporate borrowers and investment vehicles. Such toolbox includes a variety of ...
Distributed energy generation techniques and the competitive fringe effect in electricity markets
(2015) - Journal article
We analyse the impact of two different generation techniques used by fringe suppliers on the intensity of competition in the electricity wholesale market. For that purpose we derive a Cournot model of this market taking ...
A comparison of cost-benefit analysis of biomass and natural gas CHP projects in Denmark and the Netherlands
(2016-02) - Journal article
We investigate what drives differences in the project appraisal of biomass and natural gas combined heat and power (CHP) projects in two countries with very similar energy profiles. This is of importance as the European ...
Can the information content of share repurchases improve the accuracy of equity premium predictions?
(2014) - Journal article
Are international fund flows related to exchange rate dynamics?
(2018-02) - Journal article
Employing monthly data for 53 countries between 1996 and 2015, we investigate the relationship between international fund flows and exchange rate dynamics. We find strong co-movement between funds flows (as measured with ...