Henri Servaes
Professor of Finance
Sussex Place, Regent's Park
London NW1 4SA
United Kingdom
Tel: +44 (0)20 7000-8268
Fax: +44 (0)20 7000-8201
e-mail: hservaes@london.edu
Web: http://www.london.edu/faculty/hservaes/
SSRN: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=16847
Curriculum Vitae
Working Papers
Does Fair Value Reporting Affect Risk Management? International Survey Evidence, co-authored with Karl Lins and Ane Tamayo, June 2009. PDFIntra-Industry Effects of Control Threats on Investment, Financing, and Financial Reporting Quality, co-authored with Ane Tamayo, May 2009. PDF
Portfolio Manager Ownership and the Pricing of Closed-End Funds, February 2009. PDF
What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit, co-authored with Karl Lins and Peter Tufano, November 2008. PDF
Competition and Conflicts of Interest in the in the U.S. Mutual Fund Industry, co-authored with Ajay Khorana, May 2007. PDF
The Stock Market Response to Changes in Business Combinations Accounting, co-authored with Ronnie Barnes, February 2002. PDF
The Characteristics of Successful Bidders, May 1996.
Publications
Letter to President and CEO of The Investment Funds Institute of Canada responding to her comments on previous draft of the paper, May 2007. PDF
Letter to Dan Hallett, who raised questions about the paper, May 2008. PDF
On the Future of the Mutual Fund Industry Around the World, co-authored with Ajay Khorana, in Yasuyuki Fuchita and Robert E. Litan, eds., Pooling Money: The Future of Mutual Funds (Brookings Institution), 2008.
Changes in Insider Ownership and Changes in the Market Value of the Firm, co-authored with John McConnell and Karl Lins, Journal of Corporate Finance, 2008. PDF
Private Equity: Boom and Bust, co-authored with Viral Acharya and Julian Franks, Journal of Applied Corporate Finance 19, 2007. PDF
Portfolio Manager Ownership and Fund Performance, co-authored with Ajay Khorana and Lei Wedge, Journal of Financial Economics 85, 2007. PDF
Ranking Risk and Finance, co-authored with Peter Tufano, Financial Times, June 9, 2006.
Explaining the Size of the Mutual Fund Industry Around the World, co-authored with Ajay Khorana and Peter Tufano, Journal of Financial Economics 78, 2005. PDF
Corporate Governance, Incentives, and Industry Consolidations, co-authored with Keith C. Brown and Amy Dittmar, Review of Financial Studies 18, 2005. PDF
The Effect of Market Conditions on Initial Public Offerings, co-authored with Raghuram Rajan, in J. McCahery and L. Renneboog, eds, Venture capital contracting and the valuation of high-tech firms, Oxford University Press, 2003. Published version. PDF working paper.
International Corporate Governance and Corporate Cash Holdings, co-authored with Amy Dittmar and Jan Mahrt-Smith, Journal of Financial and Quantitative Analysis 38, 2003. PDF
Is Corporate Diversification Beneficial in Emerging Markets, co-authored with Karl Lins, Financial Management31, 5-31,2002. PDF
The Cost of Diversity: The Diversification Discount and Inefficient Investment, co-authored with Raghuram Rajan and Luigi Zingales, Journal of Finance 55, 35-80, 2000.
The Determinants of Mutual Fund Starts, co-authored with Ajay Khorana, Review of Financial Studies 12, 1043-1074, 1999. PDF
International Evidence on the Value of Corporate Diversification, co-authored with Karl Lins, Journal of Finance 54, 2215-2240, 1999.
Analyst Following of Initial Public Offerings, co-authored with Raghuram Rajan, Journal of Finance 52, 507-529,1997. Abstract published in Journal of Finance 52, 1997.
The Value of Diversification during the Conglomerate Merger Wave, Journal of Finance 51, 1201- 1225, 1996. Abstract published in Journal of Finance 51, 1996.
The Role of Investment Banks in Acquisitions, co-authored with Marc Zenner, Review of Financial Studies 9, 787-815, 1996.
Equity Ownership and the Two Faces of Debt, co-authored with John McConnell, Journal of Financial Economics 39, 1995.
Taxes and the Returns to Foreign Acquisitions in the U.S., co-authored with Marc Zenner, Financial Management 23, 1994, 42-56.
Ownership Structure, co-authored with Marc Zenner, Finanzmarkt und Portfolio Management 8, 1994, 184-196.
Do Takeover Targets Overinvest?, Review of Financial Studies 7, 1994, 253-277. Abstract published in Journal of Finance 48, 1993.
The Economics of Pre-Packaged Bankruptcy, co-authored with John McConnell, Journal of Applied Corporate Finance 4, 1991, 93-97; reprinted in D. Chew, ed., The New Corporate Finance: Where Theory Meets Practice (McGraw-Hill), 1993; reprinted in Jagdeep S. Bhandari and Lawrence A. Weiss, eds., Corporate Bankruptcy: Economic and Legal Perspectives Cambridge University Press), 1996.
What do we know about Corporate Performance and Ownership Structure?, co-authored with John McConnell, in. R.P. Chang and G. Rhee, eds., Pacific Basin Capital Markets Research: Volume II, 1991, 633-658.
Tobin's Q and the Gains from Takeovers, Journal of Finance 46, 1991, 409-419.
Additional Evidence on Equity Ownership and Corporate Value, co-authored
with John McConnell,
Journal of
Financial Economics 27, 1990, 595-612.