PhD Supervision
Supervision of PhD students (Tilburg University):
1. Jana Fidrmuc (1999-2003): The impact of large shareholders on information signalling, factor productivity, and managerial disciplining. Defence: 27 June 2003. Hired by Erasmus University and the University of Warwick, UK.
2. Greg Trojanowski (2000-2004): Ownership structure as a mechanism of corporate governance. Defence: 12 November 2004. Hired by the University of Exeter, UK.
3. Annabel Sels: Foreign direct investment as an entry mode: An application to emerging economies, Defence, 9 June 2006. Hired by HUBrussel, KULeuven, Belgium.
4. Chendi Zhang (2001-2006): Ethics, Investments, and Investor Behaviour. Defence: 8 November 2006. Hired by the University of Warwick, UK. Currently, chair at University of Exeter, UK.
5. Marina Martynova (2001-2006): The Market for Corporate Control and Corporate Governance Regulation in Europe. Defence: 8 November 2006. Hired by Cornerstone Research, Boston. Currently at the SEC, US.
6. Peter Szilagyi (2003-2007): Corporate Governance and the Agency Costs of Debt and Outside Equity. Defence: Funded by the European Corporate Govenrnace Institute Network. 17 December 2007. Hired by Cambridge University, UK. Currently at Edhec, France.
7. Yang Zhao (2005-2010): The Role of Directors’ Professional and Social Networks in
CEO Compensation and the Managerial Labour Market. Defence: 22 December 2010. Hired by the University of Cardiff, UK. Currently at Liverpool University, UK.
8. Mieszko Mazur (2006-2010): Essays on Managerial Remuneration, Organizational Structure, and Non-Cash divestitures. Defence: 22 December 2010. Hired by IESEG, University of Lille, France.
9. Eric Engesaeth (2007-2011): Managerial Compensation Contracting. Defence: 21 June 2011. Partner and CEO of the Managerial Remuneration practice at the Korn Ferry Hay Group, the Netherlands.
10. Christophe Spaenjers (2006-2011): Essays in Alternative Investments; Funded by the Netherlands Science Foundation. Defence: 19 September 2011. Graduated Cum Laude and awarded the Best PhD dissertation at Tilburg University (university-wide). Honorable Mention (top 3) for Christian Huygens Best PhD Disssertation Award; within top 3 for KVS Pennning; Runner-up for Mees Pierson Best PhD thesis Award. Hired by HEC Paris, France.
11. John Glen (2009-2012): Essays on the UK Residential Property Market. Defence: 19 March 2012. Professor at Cranfield University, UK.
12. Peter Cziraki (2007-2012): Insider Trading, Shareholder Activism and Corporate Policies. Defence: 10 Sept. 2012. Graduated Cum Laude and Best PhD Thesis award at Tilburg University. Hired by the Department of Economics of the University of Toronto, Canada.
13. Philipp Geiler (2008-2012): Essays on Executive Remuneration Contracting: Managerial Power, Corporate Payout, and Gender Discrimination. Defence: 14 September 2012. Hired by EM Lyon Business School, France.
14. Yaping Mao (2007-2013) (with Marco da Rin and Fabiana Penas, co-supervisors; funded by the European Investement Bank): Essays on leveraged buyouts. Defence 15 November 2013. Hired by Aalto University, Helsinki, Finland.
15. Elena Pikulina (2009-2014) (with Philippe Tobler, co-supervisor; Funded by Axa Research Fund): Incentives, Behavioural Biases and Risk Taking. Defence: 24 November 2014. Hired by University of British Columbia, Vancouver, Canada.
16. Julien Pénasse (2010-2014): (joint PhD with Essec/Univ. Cergy-Pontoise). Asset Prices and Priceless Assets. Defence: 2 December 2014. Asset Prices and Priceless Assets. Hired by the University of Luxembourg.
17. Joaquim Miranda Sarmento (2010-2014): Public-Private Partnerships. Defence: 16 December 2014. Employed by ISEG (University of Lisbon) and the Catholica University of Lisbon, Portugal.
18. Saverio Stentella Lopes (2011-2015) (joint PhD Univ of Rome Tor Vergata; with Franco Fiordelisi, co-supervisor): Bank Performance and Corporate Culture. Defence: 19 January 2015. Hired by Bangor University, Wales. Currently at Liverpool University, UK.
19. Carlos Eduardo Leon Rincon (2012-2015): Financial Stability from a Network Perspective. Defence: 23 February 2015. Employed by the Central Bank of Colombia.
20. Ljubica Djordjevic (2012-2015): Retail Banking and Household Finance. Defence: 2 June 2 2015. Hired by Goethe University in Frankfurt, Germany. Currently at the IMF, US.
21. Bernardus van Doornik (2011-2015): (with Olivier De Jonghe, co-supervisor). Essays on the Behaviour of Foreign Banks in Brasil. Defence: 2 June 2015. Employed by the Central Bank of Brasil.
22. Hao Liang (2010-2015): The Foundations of Corporate Social Responsibility. Graduated Cum Laude. Defence: 23 June 2015. Hired by Singapore Management University. (Co-)Winner of: (i) 2016 Moskowitz Prize for best paper on Socially Responsible Investing, (ii) Best paper on Sustainable Finance (Geneva 2014 CSR conference on Finance and Sustainability), (iii) FIR-PRI European Research Award for best PhD thesis on Finance and Sustainability, (iv) Best PhD Thesis award at Tilburg University 2015 (university-wide).
23. Yiyi Bai (2011-2015) (with Steven Ongena; funded by CSC grant): Banking M&As. Defence: 9 September 2015. Hired by Zhongnan University of Economics and Law, China.
24. Geraldine David (2012-2016) (joint PhD ULB; with Kim Oosterlink, co-supervisor): Art as an Investment in a Historical Perspective. Defence 27 June 2016. Postdoc at Yale University, US. Currently director and curator of the Bibliotheca Wittockiana, Belgium.
25. Elisabeth Kempf (2011-2016) (as co-supervisor; with supervisors Alberto Manconi and Oliver Spalt): Essays in Corporate Finance and Financial Intermediation. Graduated Cum Laude. Winner of: (i) Best PhD Thesis award at Tilburg University 2016 (university-wide); (ii) Ruijgrok PhD Award (5-yearly Netherlands-wide award); (iii) KVS-penning of the Koninlijke Vereniging voor Staatshuishoudkunde of the Netherlands (Royal Society for Economics); and (iv) Cubist Systematic Strategies award for the best PhD paper at the WFA (with job market paper). Hired by Booth School of Business, University of Chicago, US.
26. Anna Faelten (2013-2016): Essays on Mergers and Acquisitions. Defence 6 December 2016. Employed by EY, UK.
27. Tamas Barko (2011-2018): Essays on Stakeholdder Relations and Firm Value. Defence 26 February 2018. Hired by the University of Mannheim, Germany.
28. Cara Vansteenkiste (2013-2018). Essays on Corporate Acquisitions. Defence: 18 June 2018. Hired by University of New South Wales (UNSW), Australia.
29. Ekatarina Neretina (2014-2019) (funded by the Netherlands Science Foundation, NOW; with co-supervisor Alberto Manconi): Essays in Corporate Finance, Political Economy, and Competition. Defence: 3 June 2019. Hired by the University of Southern California (USC), US.
30. Andinet Worku Gebreselassie (2013-2019) (with Roger Bougie, co-supervisor): On communicating about taboo social issues in least developed countries: The case of Ethiopia. Defence: 4 June 2019. Employed by University of Addis Abeba, Ethiopia.
31. Marshall (Xiaoyin) Ma (2014-2019): Essays on Alternative Investments: Defence 24 June 2019. Hired by Erasmus University, Netherlands. Currently working in fintech: Ant Group, China.
32. Filip Bekjarovski (2015-2019) (joint PhD Toulouse University with Marie Briere and Sebastien Pouget, co-supervisors; funded by French Cifr grant). Active Investing. Defence 24 June 2019. Fund manager at NN Investment Partners, Netherlands.
33. Emerson Schmitz (2015-2019) (with Olivier De Jonghe, co-supervisor). Banking and International Trade. Defence 10 September 2019. Employed by the Central Bank of Brasil.
34. Camille Hebert (2014-2019) (joint PhD Paris-Dauphine; with Edith Ginglinger, co-supervisor): Essays on Corporate Ownership and Human Capital. Winner of Cubist Systematic Strategies award for the best PhD paper at the Western Finance Association conference. Winner of the Prix en Sciences Economiques et de Gestion 2020, Rectorat de l'Académie de Paris. Winner of the best PhD thesis award of Tilburg University. Honorable mention (top 3) for the KVS Award (best PhD thesis defended in the Netherlands over the past 5 years). Defence 11 October 2019. Graduated Cum Laude. Hired by the Rotman School, University of Toronto, Canada.
35. Yuexin Li (2016-2021): Funded by a CSC grant. Pricing Art: Returns, Trust, and Crises. Hired by the Renmin University, Beijing, China.
36. Frederik Verplancke (2017-2021) (joint PhD University of Ghent, with Klaas Mulier and Olivier Dejonghe, co-supervisors): Essays on Corporate Finance. Postdoc Ghent University, Belgium.
37. Emil Uduwalage (2016-2022): (with co-supervisor Kamil Nazliben). Social Board Diversity and Corporate Decision Making in a Country Torn by Civil War. Employed by Wayamba University of Sri Lanka.
38. Daniel Karpati (2017-2023): (co-supervisors Julio Crego and Jens Kvaerner). Essays in Finance and Health. Graduated Cum Laude. Defence: 19 September 2023. Hired by Erasmus University, the Netherlands.
39. Jeroen Verbouw (2020-2024): (joint PhD with University of Ghent; co-supervisors Sophie Manigart and Tom Vanacker), Essays on Entrepreneurial Finance. Defence: 9 September 2024. Hired by IE Business School (Instituto de Impresa) Madrid, Spain.
40. Tal Straus (2021-…): (PPP student; co-supervisor Jasmin Gider), The Impact of Cyber Breaches on Financial and Economic Corporate Performance. Employed by the European Central Bank, Frankfurt, Germany.
41. Luis Antonio Ettore (2021-…): (joint PhD with University of Sao Paulo), Minority Shareholder Empowerment.
42. Hulai Zhang (2020-…): (joint PhD with ESCP, co-supervisors Jasmin Gider and Alberta Di Guili): Financial litigation.
43. Jack (Xiaowei) Lu: (co-supervisor Igor Loncarski): Financial Litigation in China.
Member of PhD committees:
External:
University of Liège (Belgium): Thaddée Frédéric Nlemvo Ndonzuau: ‘L’impact de la structure de l’actionnariat sur la performance financière et les choix stratégiques de l’entreprise’. Defence: 15 May 1998.
Cambridge University (UK): Antonio Saragga-Seabra (supervisor Bart Lambrecht): ‘Investment, corporate acquisitions and firm market value.’ Defence: 18 Dec. 2001.
Budapest University of Economics(Hungary): Arnold Ludanyi: ‘The participation of venture capital companies in the management and financing of Hungarian enterprises.’ Defence: 20 June 2002.
European University Institute (Florence, Italy): Simon Hough: ‘Priceless or worthless? Four essays on art as an investment.’ Defence: 28 April 2003.
Charles University Prague – CERGE (Czeck Republic): Elena Yusupova: ‘Bidding behaviour of investment companies in the voucher privatisation: Theoretical model and empirical predictions of the Czech voucher funds’, Defence: Spring 2006.
Helsinki School of Economics (Finland): Seppo Kinkki: ‘Essays on minority protection and dividend policy’, Defence: Autumn 2007.
Swedish School of Economics and Business Administration Hanken (Finland): Erkki Nikoskelainen: ‘The operating characteristics of leveraged buyouts: Empirical evidence from Europe’, Winter 2007.
Université Libre de Bruxelles (ULB, Belgium): Cristina Vespro (supervisor Marco Becht): ‘Essays on Financial Architecture’; Defence: 23 June 2008.
Université de Lille 2 (France): Helen Bollaert (supervisor Eric De Bodt): ‘CEO characteristics and Firm Performance’: Defence : 5 September 2011.
University of Cambridge (UK): Justin Foo (supervisor David Chambers): ‘On Long-term Investing’ ; Defence: 12 November 2013.
University of Ghent (Belgium): Balbinder Gill (supervisor Koen Schoors): ‘Capital structure decisions, corporate investment and the interaction between labor markets and financial markets’, Defence: 20 December 2013.
University of Ghent (Belgium): Virginie Mataigne (supervisor Sophie Manigart): Essays on mergers and acquisitions and financing choices of listed firms, Defence : 6 July 2016.
Hanken School of Economics (Finland): Niclas Meyer (supervisor Timo Korkeamaki): Essays on stakeholder-related firm misconduct and its consequences for CEOs and directors: September 2019.
Erasmus University RSM (Netherlands): Romulo Alves (supervisor Marta Szymanovska): Information Transmission in Finance: Essays on Commodity Markets, Sustainable Investing, and Social Networks, December 2021.
University Paris-Dauphine (France): Caroline Gentet-Raskopf (supervisor Edith Ginglinger): Three Essays on Sustainable Finance and Corporate Finance, 20 June 2023.
Internal (Tilburg):
Greg Pawlina: ‘Corporate investment under uncertainty and competition: a real options approach.’ Defence: 20 June 2003. Hired by Lancaster University.
Igor Loncarski: ‘Essays on the use of convertible bonds and the security issuance decision’, Defence: 17 December 2007. Hired by the University of Ljubljana.
Gala Salganik: Essays on Investment Flows of Hedge Fund and Mutual Fund Investors. Defence: 22 December 2010. Hired by the Ben Gurion University.
Jememie Lefebvre: Essays on the Regulation and Microstructure of Equity Markets. Defence: 28 March 2011. Hired by IESEG, University of Lille.
Narly Dwarkasing (2009-2014). (as co-supervisor; main supervisor is Fabio Braggion). Essays on Historical Banking. Defence: June 2014. Hired by the University of Bonn.
Francisco Infante Urzua (2009-2014): (as co-supervisor; main supervisors are Marco Da Rin and Fabio Braggion) Defence: October 2014. Hired by Erasmus University.
Tobias Dieler (2012-2014): (as co-supervisor; joint PhD with Univ. of Bologna, main supervisor is Fabio Castiglionesi and Giacomo Calzolari). Defence: 2014.
Pranav Desai (2015-2020): Essays in Corporate Finance and Innovation. Defence: 2021. Hired by Nova University, Lisbon.
Supervision Master students:
Tilburg University 1999-…: Supervision of about 200 MSc/MPhil theses written by students in Financial Economics.
K.U.Leuven (1990-91 and 1996-98): Supervision of 55 Master theses written by students in Management Engineering and Applied Economics.