Henri Servaes

Richard Brealey Professor of Corporate Governance
Professor of Finance

 

LBS2014_Oct_167 (2)

 

London Business School

Institute 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(at)london(dot)edu


Web: http://faculty.london.edu/hservaes/
SSRN: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=16847

Google Scholar: http://scholar.google.co.uk/citations?user=huuLoeoAAAAJ&hl=en

CitEc: http://citec.repec.org/p/s/pse218.html

RePEc: https://ideas.repec.org/f/pse218.html

 

Curriculum Vitae

PDF

Working Papers

 

Distressed Acquisitions, co-authored with Jean-Marie A. Meier, July 2014. PDF

The Costs and Benefits of Asymmetric Performance Fees in Mutual Funds, co-authored with Kari Sigurdsson, October 2013.

Intra-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

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
 

Have Rating Agencies Become More Conservative ? Implications for Capital Structure and Debt Pricing, co-authored with Ramin Baghai and Ane Tamayo, Journal of Finance 69, 2014.  PDF

 

How Do Industry Peers Respond to Control Threats?, co-authored with Ane Tamayo, Management Science 60, 2014. PDF

 

The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness, co-authored with Ane Tamayo, Management Science 59, 2013.  PDF

 

What Drives Market Share in the Mutual Fund Industry?, co-authored with Ajay Khorana, Review of Finance 16, 2012. PDF

 

Does Fair Value Reporting Affect Risk Management? International Survey Evidence, co-authored with Karl Lins and Ane Tamayo, Financial Management 40, 2011. PDF

What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit, co-authored with Karl Lins and Peter Tufano, Journal of Financial Economics 98, 2010. PDF

The Theory and Practice of Corporate Risk Management, co-authored with Ane Tamayo and Peter Tufano, Journal of Applied Corporate Finance 21, 2009. PDF

Mutual Fund Fees Around the World, co-authored with Ajay Khorana and Peter Tufano, Review of Financial Studies, 2009.   PDF
  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. PDF

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 14, 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 Management 31, 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. PDF

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. PDF

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. PDF

The Value of Diversification during the Conglomerate Merger Wave, Journal of Finance 51, 1201- 1225, 1996.  Abstract published in Journal of Finance 51, 1996. PDF

The Role of Investment Banks in Acquisitions, co-authored with Marc Zenner, Review of Financial Studies 9, 787-815, 1996. PDF

Equity Ownership and the Two Faces of Debt, co-authored with John McConnell, Journal of Financial Economics 39, 1995. PDF

Taxes and the Returns to Foreign Acquisitions in the U.S., co-authored with Marc Zenner, Financial Management 23, 1994, 42-56. PDF

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. PDF

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.  PDF

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. PDF

Additional Evidence on Equity Ownership and Corporate Value, co-authored with John McConnell, Journal of Financial Economics 27, 1990, 595-612. PDF
 
 
Global Survey of Corporate Financial Policies and Practices