Arturo Bris

Professor of Finance and Director of the IMD World Competitiveness Center

Arturo Bris is Professor of Finance and Director of the IMD World Competitiveness Center. He ranks among the top 100 most-read finance academics in the world. He is the author of several books, a frequent speaker at international conferences, and appears regularly on international media outlets. He also leads the world-renowned IMD World Competitiveness Center (WCC) and is an award-winning teacher and program director.

His work has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Legal Studies, and the Journal of Business and he has had articles published in the Financial Times, Wall Street Journal, and Handelsblatt among others.

Bris’ areas of expertise include corporate finance, corporate governance, financial regulation, and competitiveness. As Director of the IMD World Competitiveness Center he works with governments all over the world assessing, measuring, and managing the competitiveness of countries. The WCC produces trusted annual rankings on economies’ competitiveness, and under his leadership it has expanded its coverage by adding new rankings on talent, digital competitiveness, and smart cities.

Competitiveness determines how countries, regions, and companies manage their competencies to achieve long-term growth, generate jobs, and increase welfare. Competitiveness is, therefore, a way towards progress that does not result in winners and losers. When two countries compete, both are better off.

In addition to leading the Center, Bris conducts research on the relationship between income inequality, social mobility, and competitiveness. His work on the international aspects of financial regulation focuses particularly on the effects of bankruptcy, short sales, insider trading, and merger laws. He has also researched and lectured on the effects of the Euro on the corporate sector and the valuation impact of corporate governance changes.

His recent work includes a comprehensive study of 3,692 CEOs from 22 countries from 1991-2019, which found strong evidence that existing studies overestimate the impact of CEOs on the performance of the firms they lead, and an analysis of the outlook for globalization in the post-COVID-19 period.

At IMD, Bris directs the Strategic Finance and Navigating Fintech Innovation and Disruption programs. He also previously directed the flagship Advanced Strategic Management program between 2009 and 2013. He has led several custom programs for organizations operating in various industries, with a particular interest in the financial sector, and has extensive consulting experience with countries from across the world.

His book The Right Place: How National Competitiveness Makes or Breaks Companies provides an analysis of countries’ competitive performance, typical mistakes that countries make, and the pillars necessary to build a truly competitive economy. He also co-authored Flex or Fail: The Future of Work and Pay, Sixteen Shades of Smart: How Cities Can Shape Their Own Future in 2019, and Blockchange!: How to Survive the Crypto Economy in 2018.

He is a member of the Strategic Committee of Debiopharm Investment and the International Advisory Council of the Wealth Management Institute in Singapore, and academic advisor to the Blue Whale Foundation, a decentralized ecosystem enabling the self-employed to thrive by capturing a fair share of the value they create.

Bris also serves as a member of the International Advisory Board of CENTRUM Graduate Business School in Peru, and of the Supervisory Board of the Kyiv International Economic Forum. In addition, he is a research associate at the European Corporate Governance Institute and a research fellow at the Yale International Institute for Corporate Governance.

Prior to joining IMD in 2005, he was the Robert B & Candice J Haas Associate Professor of Corporate Finance at the Yale School of Management.

Selected publications
Article
The euro and corporate financing before the crisis
We study the financing policies of European public corporations prior to the euro crisis. Using data from 11 euro countries and a control group of five other European countries over 1991–2006, we s...
Published 1 December 2014
Article
The Euro and corporate valuation
In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency in Europe. We use corporate-evel data from ten countries that adopted the euro,...
Published 1 January 2003
Article
The value of investor protection: Firm evidence from cross-border mergers
International law prescribes that in a cross-border acquisition of 100% of the target shares, the target firm becomes a national of the country of the acquiror, and consequently subject to its corp...
Published 1 April 2008
Article
Good stewards, cheap talkers, or family men? the impact of mutual fund closures on fund managers, flows, fees, and performance
The authors examine a sample of 125 equity mutual funds that closed to new investment between 1993 and 2004. We find that funds close following a period of superior performance and abnormal fund in...
Published 1 May 2007
Article
Efficiency and the bear: Short sales and markets around the world
The authors analyze cross-sectional and time-series information from 46 equity markets around the world to consider whether short sales restrictions affect the efficiency of the market and the dist...
Published 1 June 2007
Article
The costs of bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization
This paper explores a comprehensive sample of small and large corporate bankruptcies in Arizona and New York from 1995 to 2001. Bankruptcy costs are very heterogeneous and sensitive to the measurem...
Published 1 June 2006
Article
The real effects of the Euro: Evidence from corporate investments
The authors study the adoption of the euro as the common currency in Europe has affected firms' investment rates. Using corporate data from the eleven countries that adopted the euro in January 199...
Published 1 January 2006
Article
The optimal concentration of creditors
The authors' model assumes that creditors need to expend resources to collect on claims. Consequently, because diffuse creditors suffer from mutual free-riding (Holmstrom (1982)), they fare worse t...
Published 1 October 2005
Article
Who should pay for bankruptcy costs?
The fees of professionals (financial advisors, lawyers, accountants) are a substantial fraction of bankruptcy costs. Scholars have considered how best to reduce these costs but have not considered ...
Published 1 June 2005
Article
Corporate financial policies and performance around currency crises
This paper studies firm level leverage and performance measures before and after a currency crisis, using data from 17 countries. We show that, prior to a crisis, companies that expect to benefit f...
Published 1 October 2004
Academic publications
Book
The right place: How national competitiveness makes or breaks companies
The Right Place explains why firms succeed in one country and fail in another, irrespective of their inner drivers, and suggests potential initiatives that governments can take to help the private ...
Published 29 July 2021
Book
IMD World Competitiveness Yearbook: 2020
The IMD World Competitiveness Yearbook (WCY) is the leading annual report on the competitiveness of countries and has been published by IMD since 1989. It benchmarks the performance of 63 economies...
Published 15 June 2020
Book
IMD World Competitiveness Yearbook: 2021
The IMD World Competitiveness Yearbook (WCY) is the leading annual report on the competitiveness of countries and has been published by IMD since 1989. It benchmarks the performance of 64 economies...
Published 17 June 2021
Book
IMD World Competitiveness Yearbook: 2022
The 34th edition of the IMD World Competitiveness Yearbook is being launched at a moment of tremendous turmoil. COVID-19 continues to affect large parts of the world. Interestingly, while in some c...
Published 16 June 2022
Article
Corporate leverage and currency crises
This paper provides an explanation of currency crises based on an argument that bailing out financially distressed exporting firms through a currency depreciation is ex-post optimal.
Published 1 January 2002
Article
The euro and corporate financing before the crisis
We study the financing policies of European public corporations prior to the euro crisis. Using data from 11 euro countries and a control group of five other European countries over 1991–2006, we s...
Published 1 December 2014
Article
The optimal concentration of creditors
The authors' model assumes that creditors need to expend resources to collect on claims. Consequently, because diffuse creditors suffer from mutual free-riding (Holmstrom (1982)), they fare worse t...
Published 1 October 2005
Article
Corporate financial policies and performance around currency crises
This paper studies firm level leverage and performance measures before and after a currency crisis, using data from 17 countries. We show that, prior to a crisis, companies that expect to benefit f...
Published 1 October 2004
Article
Good stewards, cheap talkers, or family men? the impact of mutual fund closures on fund managers, flows, fees, and performance
The authors examine a sample of 125 equity mutual funds that closed to new investment between 1993 and 2004. We find that funds close following a period of superior performance and abnormal fund in...
Published 1 May 2007
Article
Toeholds, takeover premium, and the probability of being acquired
Most of the theoretical literature on tender offers has been devoted to illustrating the positive effects of the toehold on the bidder's profits. Empirical research, however, shows that a high prop...
Published 1 July 2002
Article
The costs of bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization
This paper explores a comprehensive sample of small and large corporate bankruptcies in Arizona and New York from 1995 to 2001. Bankruptcy costs are very heterogeneous and sensitive to the measurem...
Published 1 June 2006
Article
The value of investor protection: Firm evidence from cross-border mergers
International law prescribes that in a cross-border acquisition of 100% of the target shares, the target firm becomes a national of the country of the acquiror, and consequently subject to its corp...
Published 1 April 2008
Article
The real effects of the Euro: Evidence from corporate investments
The authors study the adoption of the euro as the common currency in Europe has affected firms' investment rates. Using corporate data from the eleven countries that adopted the euro in January 199...
Published 1 January 2006
Article
A breakdown of the valuation effects of international cross-listing
It is well known that cross-listing domestic stocks in foreign exchanges has significant valuation effects on the listed company's shares. Using a sample of firms with dual shares, the authors expl...
Published 1 January 2007
Article
The Euro and corporate valuations
In this paper, the authors study the changes in corporate valuations induced by the adoption of the euro as the common currency in Europe. They use corporate-level data from seventeen European coun...
Published 1 January 2009
Article
A theory of optimal expropriation, mergers and industry competition
We model a competitive industry where managers choose quantities and costs to maximize a combinationof firm profits and benefits from expropriation. Expropriation is possible because of corporate g...
Published 1 April 2011
Article
TV or not TV?: The impact of subtitling on english skills
We study the influence of television translation techniques on the worldwide distribution of English-speaking skills. We identify a large positive effect for subtitled original version broadcasts, ...
Published 14 January 2019
Article
Adopting better corporate governance: Evidence from cross-border mergers
Cross-border mergers allow firms to alter the level of protection they provide to their investors, because target firms usually import the corporate governance system of the acquiring company by la...
Published 20 August 2008
Article
The value of information in cross-listing
Until 2004, the London Stock Exchange allowed firms to be traded in the specialized SEAQ-I platform without the firm's involvement. Trading only required an application by one LSE trading member fi...
Published 1 January 2012
Article
Efficiency and the bear: Short sales and markets around the world
The authors analyze cross-sectional and time-series information from 46 equity markets around the world to consider whether short sales restrictions affect the efficiency of the market and the dist...
Published 1 June 2007
Insight for Executives
Five takeaways from the FTX crypto exchange collapse
Article
Five takeaways from the FTX crypto exchange collapse
The collapse of the digital assets group exposes some of the structural weaknesses of crypto exchanges but may also focus attention on the more positive applications of cryptocurrencies that are re...
Published 15 November 2022
The workers’ revolution ushers in a new era of autonomy
Article
The workers’ revolution ushers in a new era of autonomy
A new wave of employees is demanding independence and flexibility. Business leaders need to keep pace if they are to avoid missing out on potential gains when it comes to talent retention, global e...
Published 14 November 2022
Report
Hinrich-IMD Sustainable Trade Index
Global trade has helped lift hundreds of millions of people around the world out of poverty, but the benefits of trade do not come without their risks. If an economy is unprepared for the consequen...
Published 8 November 2022
Report
IMD World Digital Competitiveness Ranking 2022
Now in its sixth year, the IMD World Digital Competitiveness Ranking, produced by the IMD World Competitiveness Center, measures the capacity and readiness of 63 economies to adopt and explore digi...
Published 28 September 2022
The workers’ revolution ushers in a new era of autonomy
Article
The workers’ revolution ushers in a new era of autonomy
A new wave of employees is demanding independence and flexibility. Business leaders need to keep pace if they are to avoid missing out on potential gains when it comes to talent retention, global e...
Published 16 September 2022
Article
Why crypto disruptors and central banks can work in harmony
The basic principle of disruption is that innovators come from the outside of a given industry and capture a market dominated by incumbents. In the world of cryptocurrencies, this all happened when...
Published 26 July 2022
Four reasons not to be deterred by the crypto winter
Article
Four reasons not to be deterred by the crypto winter
The sharp fall in the value of cryptocurrencies this year is misleading. The underlying blockchain technologies remain truly transformational across a host of business applications – and are at a t...
Published 20 July 2022
Why crypto disruptors and central banks can work in harmony
Article
Why crypto disruptors and central banks can work in harmony
There are obstacles to be overcome, but the time is coming soon when both traditional and digital forms of currency will be trusted and accepted by all.
Published 16 June 2022
Geographical location – or helping to create it – dictates companies’ success
Article
Geographical location – or helping to create it – dictates companies’ success
To boost company performance, executives must support the competitiveness of their countries and embrace public-private collaboration to help articulate and implement national strategy, say IMD Pro...
Published 29 April 2022
Designing learning programs for millennial tastes
Article
Designing learning programs for millennial tastes
Employers can reap benefits from making the learning journey more personal and relevant, including boosting employee engagement, as well as retention
Published 20 April 2022
`A room full of people with quill pens sits at the heart of crypto’
Article
`A room full of people with quill pens sits at the heart of crypto’
Finance experts debunk myths surrounding crypto’s complexity and energy efficiency, and predict the specific ways in which it is likely to coexist alongside rival currencies.
Published 1 April 2022
Article
20 years on, it’s clear that the euro has been a force for good 
The common currency was a bold experiment, but there can be no doubt that its success has brought prosperity and stability to all who signed up.
Published 17 March 2022
Article
Ignorance around the modern-day reality of Swiss banking could be highly damaging 
Swiss banks get a bad name. Data leaked over the weekend has led to fresh allegations that Credit Suisse engaged in practices that allowed corrupt officials to hide money in secret accounts.
Published 21 February 2022
Article
El Ă©xito empresarial ucraniano, a pesar de todo
Having Boris Burda as a tour guide when visiting Ukraine can be overwhelming. Not only is he a national figure in his country, but he is also very famous throughout the former USSR. Because Boris B...
Published 6 February 2022
Article
NFTs are not a gimmick. They could radically transform your business
The token economy could transform your company, turning on its head the concepts you currently have of business model, customer, shareholder, supplier and user.
Published 3 February 2022
Article
Happy people, happy economy? Moving beyond GDP in measuring economic success in 2022
One Swiss canton is turning the tables on the status quo of economic health, by departing from the norm of taking GDP as the measure par excellence, and looking concomitantly into how citizens’ hap...
Published 11 January 2022
Article
Is the world ready for invasion of the digital nomads?
Both companies and countries need to adapt their policies to accommodate and attract this new breed of worker.
Published 16 December 2021
Report
IMD World Talent Ranking 2021
Switzerland leads the top 10 economies in the IMD 2021 World Talent Ranking 2021, showing a pandemic-induced trend in which employees are more motivated in more competitive economies and less so in...
Published 9 December 2021
Article
Omicron and market sell-off: Don’t be surprised if there’s more turbulence to come
Until the Omicron variant hit the headlines, the signs were that 2021 was going to close with a stellar stock-market performance. Most markets have been on the rise since the beginning of the year,...
Published 29 November 2021
Report
IMD-SUTD Smart City Index
The third edition of the annual IMD-SUTD Smart City Index (SCI) has revealed that city-dwellers’ perceptions of how technology is helping to address urban challenges has been highly affected by the...
Published 28 October 2021
‘The data monetization trend calls for a common framework, but we need to prioritize questions of trust’
Video
‘The data monetization trend calls for a common framework, but we need to prioritize questions of trust’
A panel of experts moderated by IMD Professor of Finance Arturo Bris, Director of the World Competitiveness Center, says governments and companies need to build citizen trust in data use.
Published 29 September 2021
Report
IMD World Digital Competitiveness Ranking 2021
Now in its fifth year, the IMD World Digital Competitiveness Ranking, produced by the IMD World Competitiveness Center, measures the capacity and readiness of 64 economies to adopt and explore digi...
Published 29 September 2021
Article
Location matters, leaders not that much
In their 1982 book In Search for Excellence Tomas J. Peters and Robert H. Waterman showed us what differentiates successful companies from the rest. Their analysis was compelling because it could b...
Published 25 September 2021
Article
The paths to sustainability and competitiveness are intertwined
For the world to be sustainable, we need to start with the same policies that make nations competitive - on health, education, infrastructure and government efficiency.
Published 16 September 2021
Article
Education needs to change from preparation for the job market to a lifetime process where we never stop learning
SanghaiRanking has recently issued its Academic Ranking of World Universities (ARWU), which once again classifies high-education institutions in the world according to the amount of academic public...
Published 26 August 2021
Article
How corporate taxes can make or break an economy
Data for competitiveness ranking shows where the balance tips in the double-edged sword of corporate tax rates, says Arturo Bris, as multinationals grapple with G20 and OECD resolutions.
Published 18 August 2021
Article
Bad news CEOS: You’re less important for your company’s success than you think
If CEO decisions are so unimportant, what determines corporate performance? Specifically, what explains that two companies in the same industry and operating in the same country, display different ...
Published 30 July 2021
The value of everything: making and taking in the global economy
Article
The value of everything: making and taking in the global economy
How do market forces value – or undervalue – contributions of labor, capital, and the public sector?
Published 21 July 2021
The value of everything: making and taking in the global economy
Article
The value of everything: making and taking in the global economy
The role of the financial sector, which Mazzucato takes up in chapters 4 through 6, where she addresses “casino capitalism” and the “financialization of the real economy”. Does the financial system...
Published 21 July 2021
The value of everything: making and taking in the global economy
Article
The value of everything: making and taking in the global economy
What is the goal of maximizing shareholder value and the use of corporate assets for share buybacks?
Published 21 July 2021
What is the relative importance of the public sector and its role in creating prosperity – with implications for public spending and taxation?
Article
What is the relative importance of the public sector and its role in creating prosperity – with implications for public spending and taxation?
What is the relative importance of the public sector and its role in creating prosperity – with implications for public spending and taxation?
Published 21 July 2021
Too much focus on fiscal policy and failure to unite citizens spell economic failure, agree panel of experts
Video
Too much focus on fiscal policy and failure to unite citizens spell economic failure, agree panel of experts
Public-private collaboration, digital prowess and clear communication with population have been key to economic survival during pandemic, experts say.
Published 17 June 2021
Article
Why one day we may all follow the Chinese way
Why is the second largest economy only 16th in global competitiveness? Size and state dominance may still be partly to blame, but the People’s Republic is moving in the right direction
Published 17 June 2021
Article
Why Danone’s CEO has been ousted for being progressive
Danone’s chief executive and chairman, Emmanuel Faber, is to step down after activist shareholders called for his removal. In particular Artisan Partners and Bluebell Capital Partners, which togeth...
Published 6 April 2021
Article
Danone’s CEO has been ousted for being progressive – blame society not activist shareholders
Danone’s chief executive and chairman, Emmanuel Faber, is to step down after activist shareholders called for his removal. In particular Artisan Partners and Bluebell Capital Partners, which togeth...
Published 19 March 2021
Gender equality at work: we need better data and incentives
Video
Gender equality at work: we need better data and incentives
Too much debate around nomenclature, honing in on the symptoms and even overusing the word ‘women’ cause us to take our eye off the real game changers for gender equality at work: data capturing, i...
Published 4 February 2021
Article
GameStop: Wall Street short sellers are not villains but Reddit traders should be totally free to attack them
In the battle between the army of renegade Reddit retail traders and Wall Street’s hedge funds over unloved stocks like the Texan computer games retail chain GameStop, there has been a serious case...
Published 29 January 2021
Article
WEF's annual Davos meeting is coming to Singapore. That move should be permanent
For the second time in its history, the World Economic Forum (WEF) Annual Meeting will not happen in the small village of Davos in Switzerland. The first time it uprooted from its traditional host ...
Published 11 December 2020
Article
Crise du coronavirus, les atouts suisses
The pandemic has completely turned our economic horizon upside down. Despite the gloomy forecasts on the global scene, the Swiss market can count on solid fundamentals and its skilled workforce.
Published 7 December 2020
Report
IMD World Talent Ranking 2020
The IMD World Talent Ranking scores countries across three factors of Investment & Development, Readiness and Appeal. Switzerland leads the way for the fourth year in a row, Denmark is 2nd and Luxe...
Published 12 November 2020
Report
IMD World Digital Competitiveness Ranking 2020
Now in its fourth year, the IMD World Digital Competitiveness Ranking measures the capacity and readiness of 63 economies to adopt and explore digital technologies as a key driver for economic tran...
Published 1 October 2020
Report
Will globalization survive COVID-19?: Yes, but there will be winners and losers
Globalization, already slowing before the COVID-19 pandemic, will likely take multiple hits in its wake. The pandemic and health emergency measures introduced will lead to a prolonged recession, wh...
Published 28 September 2020
Article
Singapore, Helsinki and Zurich top global smart city index
Singapore, Helsinki and Zurich have come top in the 2020 Smart City Index, in a year that saw many European cities fall in the rankings. The Smart City Index ranks cities based on economic and tech...
Published 22 September 2020
Report
IMD smart city index 2020
The only global index of its kind, the IMD Smart City Index 2020 uniquely focuses on how citizens perceive the scope and impact of efforts to make their cities ‘smart’, balancing “economic and tech...
Published 17 September 2020
Article
The weak dollar : Why it won’t be replaced as global reserve currency
For international investors in general, currency risk – above all the weakening of the US dollar – has become the most important financial risk of the year. In spite of the pandemic, it has even ov...
Published 24 August 2020
The long road to capitalism: here’s why China has arrived
Video
The long road to capitalism: here’s why China has arrived
Webinar on The long road to capitalism: here’s why China has arrived with Professors Bris and Greeven
Published 9 July 2020
“Deglobalization is a short-term trend, we will get back to our old numbers”
Video
“Deglobalization is a short-term trend, we will get back to our old numbers”
Virtual roundtable speakers are optimistic about our global future, but say it will take on a different form.
Published 17 June 2020
Article
Ha llegado el momento de las polĂ­ticas eficaces
Today, more than ever, the generation of value for society through employment and productivity - which, for 30 years and as pioneers in its study - we have defined as "competitiveness", is the key ...
Published 16 June 2020
Article
The case for reopening economies by sector
The greatest challenge we face in the current crisis is striking the right balance between preventing not only the damage inflicted by Covid-19 but also that which comes from a severe contraction o...
Published 19 May 2020
Article
Wie schlimm wird die Corona-Krise wirklich?
It is clear that Swiss economic output will shrink significantly. The only question is: How do we prevent a shrinkage of around 20 percent?
Published 16 April 2020
Article
DĂ©confinons ! DĂ©confinons ? : Esquisse d’une stratĂ©gie combinant facteurs sanitaires et Ă©conomiques
Because the sudden pandemic outbreak required it, our country is today subject to public health imperatives. But the health response must now evolve, otherwise the economic and social damage will a...
Published 15 April 2020
Report
DĂ©confinons ! DĂ©confinons ?: Esquisse d’une stratĂ©gie combinant facteurs sanitaires et Ă©conomiques
Because the sudden pandemic outbreak required it, our country is today subject to public health imperatives. But the health response must now evolve, otherwise the economic and social damage will a...
Published 15 April 2020
Article
Revolution beim Risikomanagement
The Covid 19 pandemic has taught us two things: First, a pandemic is not a black swan. It would be too easy to blame the unexpected for what happened. Rather, a coronavirus pandemic was likely; thi...
Published 2 April 2020
Article
El coronavirus y la economĂ­a global: hay motivos para el optimismo
The coronavirus is certainly causing a tragic loss of human lives, but the mortality rate appears to be lower than some early predictions indicated. So what will be the economic impact of the lockd...
Published 1 April 2020
Article
Coronavirus and the global economy: Yes, there really is cause for optimism
The coronavirus is certainly causing a tragic loss of human lives, but the mortality rate appears to be lower than some early predictions indicated. So what will be the economic impact of the lockd...
Published 25 March 2020
Article
Why Ireland is a role model for competitiveness
In Ireland, productivity growth and low taxation have helped people live better lives and companies to prosper and create jobs. This is the competitiveness playbook.
Published 10 March 2020
Report
IMD World Talent Ranking 2019
The IMD World Talent Ranking scores countries across three factors of investment and development, readiness and appeal. Cultivating, attracting and retaining a skilled workforce is crucial to stren...
Published 18 November 2019
Report
IMD World Digital Competitiveness Ranking 2019
Now in its third year, the IMD World Digital Competitiveness Ranking measures the capacity and readiness of 63 economies to adopt and explore digital technologies as a key driver for economic trans...
Published 25 September 2019
Report
Investing for the long term: Preparing for the investment challenges of the future
This paper explores key global trends and macroeconomic topics that truly long-term investors such as Sovereign Wealth Funds should prioritize in their investment framework. What sets apart long-te...
Published 8 February 2019
Report
IMD World Talent Ranking 2018
Published 1 November 2018
Report
IMD and the Diwan of Royal Court : The national CEO program: A partnership to develop Oman’s future talent
This case follows the partnership between IMD and Oman’s Diwan of Royal Court as they co-created, designed and delivered an innovative program - called the National CEO Program (NCP) - to nurture O...
Published 11 March 2018
Report
Switzerland's top500: Sustainable success in times of change
In the aftermath of the global financial crisis, the Swiss economy has witnessed challenging times in the last five years. The turmoil in the financial markets was accompanied by uncertainties acro...
Published 1 December 2014
Article
Bespiegelingen
Toen ik in Finance begon, heb ik vaak vaak meewarig gekeken naar de vakgroep Marketing. Dat was dynamisch, dat was in ontwikkeling daar gebeurde altijd wat! Finance daarentegen had het allemaal al ...
Published 1 October 2011
Report
The Euro and corporate financing
In this paper we study how the introduction of the euro has affected corporate financing in Europe. We use firm level data from eleven euro-countries as well as from a control group of five other E...
Published 8 March 2011
Report
The Euro and corporate financing
In this paper we study how the introduction of the euro has affected corporate financing in Europe. We use firm level data from eleven euro-countries as well as from a control group of five other E...
Published 28 February 2011
How National Competitiveness Makes or Breaks Companies