Theo Vermaelen - Faculty Profile | INSEAD

Theo Vermaelen

Finance

Theo Vermaelen

Professor of Finance

The UBS Chair in Investment Banking, endowed in honour of Henry Grunfeld

Chair, Finance Area

Contact

Email: [email protected]
Phone: +33 1 60 72 44 32
Campus: Fontainebleau

Research Areas

Corporate Finance, Share Repurchase, Death Spirals, IPOs, Call Option Enhanced Reverse Convertible (COERC)

Teaching Areas

Corporate Financial Policy (MBA), Applied Corporate Finance (MBA), Corporate Financial Strategy (Executive Education)

Biography

Theo Vermaelen is a Professor of Finance, the UBS Chair in Investment Banking, endowed in honour of Henry Grunfeld, and and the chair of the Finance Area at INSEAD. He teaches in the MBA, PhD and Executive Education programmes and is an Academic Director of the Advanced International Corporate Finance programme. He is a graduate from the Department of Applied Economics at the Catholic University of Leuven (Commercial Engineer) and obtained his MBA and PhD in Finance from the Graduate School of Business, University of Chicago.

Professor Vermaelen has taught at the University of British Columbia, the Catholic University of Leuven, the London Business School, UCLA and the University of Chicago. He has published articles on corporate finance and investments in leading academic journals including the Journal of Finance, the Journal of Financial Economics, and the Journal of Banking and Finance. He serves as a co-editor of the Journal of Empirical Finance, an associate editor of the Journal of Corporate Finance and the European Financial Review, and an advisory editor of Teaching and Case Abstracts.

Professor Vermaelen is a consultant to various corporations and government agencies and a Programme Director of the Amsterdam Institute of Finance.

Publications

Rau R., Vermaelen T. (2002). Regulation, Taxes and Share Repurchases in the UK. Journal of Business, 75(2)

Ikenberry D. L., Lakonishok J., Vermaelen T. (2000). Stock Repurchases in Canada: Performance and Strategic Trading. Journal of Finance, 55(5)

Massa M., Rehman Z., Vermaelen T. (2007). Mimicking Repurchases. Journal of Financial Economics, 84(3)

Peyer U., Vermaelen T. (2005). The Many Facets of Privately Negotiated Stock Repurchases. Journal of Financial Economics, 75(2)

Hillion P., Vermaelen T. (2004). Death Spiral Convertibles. Journal of Financial Economics, 71(2)

Peyer U., Vermaelen T. (2009). The Nature and Persistence of Buyback Anomalies. Review of Financial Studies, 22(4)

Vermaelen T. (2011). Lessons from the New Financial Crisis. European Financial Review

Van Bommel J., Vermaelen T. (2003). Post-IPO Capital Expenditures and Market Feedback. Journal of Banking and Finance, 27(2)

Evgeniou T., Junque de Fortuny E., Nassuphis N., Vermaelen T. (2018). Volatility and the Buyback Anomaly. Journal of Corporate Finance, 49

Evgeniou T., Vermaelen T. (2017). Share Buybacks and Gender Diversity. Journal of Corporate Finance, 45

Vermaelen T., Xu M. (2014). Acquisition Finance and Market Timing. Journal of Corporate Finance, 25

Peyer U., Vermaelen T. (2016). Political Affiliation and Dividend Tax Avoidance: Evidence from the 2013 Fiscal Cliff. Journal of Empirical Finance, 35

Huang S., Snellman K., Vermaelen T. (2022). Managerial Trustworthiness and Buybacks. Journal of Financial and Quantitative Analysis

Evgeniou T., Peress J., Vermaelen T., Yue L. (2022). Network Centrality and Managerial Market Timing Ability. Journal of Financial and Quantitative Analysis, 57(2)

Manconi A., Peyer U., Vermaelen T. (2019). Are Buybacks Good for Long-term Shareholder Value? Evidence From Buybacks Around the World. Journal of Financial and Quantitative Analysis, 54(5)

Pennacchi G., Vermaelen T., Wolff C. (2014). Contingent Capital: The Case of COERCs. Journal of Financial and Quantitative Analysis, 49(3)

Vermaelen T. (2011). An Innovative Approach to Funding CSR Projects. Harvard Business Review, 89(6)

Abed Masror Khah S., Vermaelen T., Wolff C. (2019). The Determinants of Coco Bond Prices. Journal of Derivatives, 26(3)

Vermaelen T. (2005). Share Repurchases.

Vermaelen T. (2009). Beating the Market with Buybacks.

Vermaelen T. (2009). Maximizing Shareholder Value: An Ethical Responsibility?.

Cases with Extra

Personal Website

personal website

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