A. (Abe) de Jong

Abe de Jong is a professor of corporate finance and corporate governance at the Rotterdam School of Management, Erasmus University (RSM).

His research and teaching interests are in the area of empirical corporate finance and include capital structure choice, dividend policy, risk management, corporate investment and divestment policies, and corporate governance.

In addition, his work also examines the history of governance and finance in the Netherlands.

Professor de Jong obtained his PhD in finance from Tilburg University in 1999.

• Articles (63)
  • De Jong, A., Hooghiemstra, R.B.H. & Rinsum, M. van (2013). To accept or refuse an offer to join the board: Dutch evidence. Long Range Planning, online.
  • De Jong, Abe, Verbeek, M.J.C.M. & Verwijmeren, P. (2012). Does financial flexibility reduce investment distortions? The Journal of Financial Research, 35(2), 243-259.
  • De Jong, Abe, Dutordoir, Marie, Van Geneugten, N. & Verwijmeren, P. (2012). Convertible arbitrage price pressure and short sales constraints. Financial Analysts Journal, 68, 70-88.
  • De Jong, A., Huijgen, C., Marra, T.A. & Roosenboom, P.G.J. (2012). Why do firms go public? The role of the product market. Journal of Business Finance and Accounting, 39(1-2), 165-192.
  • Baaij, M.G., De Jong, Abe & van Dalen, J. (2011). The dynamics of superior performance among the largest firms in the global oil industry, 1954-2008. Industrial and Corporate Change, 20(3), 789-824.
  • De Jong, Abe, Dutordoir, M.D.R.P. & Verwijmeren, P. (2011). Why do convertible issuers simultaneously repurchase stock? An arbitrage-based explanation. Journal of Financial Economics, 100(1), 113-129.
  • De Jong, Abe, Verwijmeren, P. & Jiang, T. (2011). Strategic debt in vertical relations: Evidence from franchising. Journal of Retailing, 87(3), 381-392.
  • De Jong, Abe, Sluyterman, Keetie & Westerhuis, Gerarda (2011). Strategic and structural responses to international dynamics in the open Dutch economy, 1963-2003. Business History, 53(1), 63-84.
  • De Jong, Abe, Colli, Andrea & Iversen, Martin Jes (2011). Mapping Strategy, structure, ownership and performance in European corporations: Introduction. Business History, 53(1), 1-13.
  • De Jong, A., Verbeek, M.J.C.M. & Verwijmeren, P. (2011). Firms' debt-equity decisions when the static tradeoff theory and the pecking order theory disagree. Journal of Banking and Finance, 35(5), 1303-1314.
  • De Jong, Abe & Verwijmeren, P. (2011). Survey evidence on capital structure - NON-US evidence. In H.k. Baker & G.S. Martin (Eds.), Capital structure and corporate financing decisions (pp. 249-262). New York: John Wiley & Sons.
  • De Jong, A., Verbeek, M.J.C.M. & Verwijmeren, P. (2010). The impact of financing surpluses and large financing deficits on tests of the pecking order theory. Financial Management, 39(2), 733-756.
  • De Jong, Abe & Verwijmeren, P. (2010). To have a target debt ratio or not: what difference does it make? Applied Financial Economics, 20(3), 219-226.
  • De Jong, Abe, Roëll, Ailsa & Westerhuis, Gerarda (2010). Do national business systems change? Evidence from the organization of corporate governance and financing in the Netherlands, 1945-2005. Business History Review, 84(4), 773-798.
  • De Jong, Abe (2009). Irrational executives and corporate governance. International Journal of Corporate Governance, 1(3), 285-297.
  • De Jong, Abe, Roosenboom, P.G.J. & Schramade, W.L.J. (2009). Who benefits from bond tender offers in Europe? Journal of Multinational Financial Management, 19(5), 355-369.
  • De Jong, Abe, Rosenthal, Leonard & Dijk, M.A. van (2009). The risk and return of arbitrage in dual-listed companies. Review of Finance, 13(3), 495-520.
  • Couwenberg, Oscar & De Jong, Abe (2008). Costs and recovery rates in the Dutch liquidation-based bankruptcy system. European Journal of Law and Economics, 26(2), 105-127.
  • De Jong, Abe, Kabir, R. & Nguyen, T.T. (2008). Capital structure around the world: The roles of firm- and country-specific determinants. Journal of Banking and Finance, 32(9), 1954-1969.
  • De Jong, Abe, Van der Poel, Marieke & Wolfswinkel, M. (2007). Waardevermeerdering of waardevernietiging: corporate governance en acquisities in Nederland. Finance en Control, 5(oktober), 27-30.
  • De Jong, A., Jong, D.V. de, Mertens, G.M.H. & Roosenboom, P.G.J. (2007). Investor relations, reputational bonding, and corporate governance: The case of Royal Alhold. Journal of Accounting and Public Policy, 26(3), 328-375.
  • De Jong, Abe (2007). Irrationele bestuurders en corporate governance. MAB, 81(10), 497-505.
  • De Jong, A. & Dijk, R. van (2007). Determinants of leverage and agency problems: a regression approach with survey data. The European Journal of Finance, 13(6), 565-593.
  • De Jong, Abe, Mertens, G.M.H., Oosterhout, J. van & Vletter - van Dort, H.M. van (2007). How useful is shareholder intervention? Management Control en Accounting, 11(2), 8-15.
  • De Jong, Abe (2007). Corporate governance, aandeelhouders en de strategie van ondernemingen. In Van.Frederisklust,.R.A.I. Schenk, E.J.J. Bartel, J.C.K.W. (Ed.), Fusies and acquisities (pp. 335-352). Amsterdam: Elsevier.
  • Brounen, D., De Jong, A. & Koedijk, C.G. (2006). Capital Structure Policies in Europe: Survey Evidence. Journal of Banking and Finance, 30(5), 1409-1442.
  • De Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2006). De rol van aandeelhouders na Tabaksblat. MAB, 80(5), 232-248.
  • De Jong, A., Roosenboom, P.G.J. & Schramade, W.L.J. (2006). Bond underwriting fees and keiretsu affiliation in Japan. Pacific-Basin Finance Journal, 14(5), 522-545.
  • De Jong, A., Rosellon, M.A. & Verwijmeren, P. (2006). The economic consequences of IFRS: the impact of IAS 32 on preference shares in the Netherlands. The European Accounting Review, 15(3), 169-185.
  • De Jong, A., Rosellon, M.A. & Verwijmeren, P. (2006). De invloed van IFRS op preferente aandelen in Nederland. MAB, 80(7/8), 336-342.
  • De Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2006). Shareholders' voting at general meetings: Evidence from the Netherlands. The Journal of Management and Governance, 10, 353-380.
  • De Jong, Abe & Couwenberg, Oscar (2006). It takes two to tango: An empirical tale of distressed firms and assisting banks. International Review of Law and Economics, 26(4), 429-454.
  • De Jong, Abe, Mertens, G.M.H. & Roosenboom, P.G.J. (2006). Aandeelhoudersvergaderingen: trends en observaties. Goed Bestuur, 2(2), 19-24.
  • Degryse, H. & De Jong, A. (2006). Investment and internal finance: Asymmetric information or managerial discretion? International Journal of Industrial Organization, 24(1), 125-147.
  • Brounen, D., De Jong, A. & Koedijk, C.G. (2005). Theorie en praktijk van ondernemingsfinanciering: investeringsselectie. MAB, 79(5), 229-237.
  • Brounen, D., De Jong, A. & Koedijk, C.G. (2005). Theorie en praktijk van ondernemingsfinanciering: vermogensstructuurkeuze. MAB, 79(6), 293-302.
  • Brounen, D., De Jong, A. & Koedijk, C.G. (2005). De praktijk van investeringstheorie. Economisch-Statistische Berichten, 90(4463), 268-269.
  • Couwenberg, O. & De Jong, A. (2005). De 'black box' van de stille reorganisatie geopend. Ondernemingsrecht, 397-403.
  • De Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2005). Hoe actief zijn aandeelhouders in Nederland? Een empirische analyse van opkomst en stemgedrag. MAB, 79(3), 97-107.
  • De Jong, A., Jong, D.V. de, Mertens, G.M.H. & Wasley, Ch. (2005). The role of self-regulation in corporate governance: evidence and implications from The Netherlands. Journal of Corporate Finance, 11(3), 473-503.
  • De Jong, A., Ligterink, J. & Macrae, V. (2005). A firm-specific analysis of the exchange-rate exposure of Dutch firms. Journal of International Financial Management and Accounting, 17(1), 1-29.
  • Brounen, D., De Jong, A. & Koedijk, C.G. (2004). Corporate Finance In Europe Confronting Theory With Practice. Financial Management, 33(4), 71-101.
  • Hooghiemstra, R.B.H., De Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2004). Bedrijven op goede weg met code-Tabaksblat. Economisch-Statistische Berichten, 89(4444), 502-504.
  • Beenakker, J. & De Jong, A. (2003). Allianties: waardevolle strategie? Tijdschrift voor Corporate Finance, 8(3/4), 8-20.
  • Bodnar, G.M., De Jong, A. & Macrae, V. (2003). The impact of institutional differences on derivatives usage: a comparative study of US and Dutch firms. European Financial Management, 9(3), 271-297.
  • De Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2003). Weinig aandeelhouders houden serieus toezicht. Economisch-Statistische Berichten, 88(4419), 532-534.
  • De Jong, A. & Roosenboom, P.G.J. (2003). De achilleshiel van Tabaksblat. Economisch-Statistische Berichten, 88(4411), 392-393.
  • De Jong, A., Dijk, R. van & Veld, C.H. (2003). The dividend and share repurchase policies of Canadian firms: empirical evidence based on an alternative research design. International Review of Financial Analysis, 12(4), 349-377.
  • De Jong, A. & Roosenboom, P.G.J. (2002). De balans na vijf jaar Peters. Economisch-Statistische Berichten, 87, 924-927.
  • De Jong, A. (2002). 'The Disciplining Role of Leverage in Dutch Firms'. European Finance Review, 6, 31-62.
  • De Jong, A., Ligterink, J. & Macrae, V. (2002). 'Valuta-exposure van Nederlandse ondernemingen: een empirisch onderzoek'. Tijdschrift voor Corporate Finance, 7, 6-17.
  • De Jong, A., Macrae, V. & Nijman, Th.E. (2001). 'Derivatengebruik van Nederlandse niet-financiele bedrijven'. Risico & Rendement, 31(juli), D.10.5-01-D.10.5-31.
  • De Jong, A. & Veld, C. (2001). 'An empirical analysis of incremental capital structure decisions under managerial entrenchment'. Journal of Banking and Finance, 25(10), 1857-1895.
  • Einde, M. van den & De Jong, A. (2001). 'Onderwaardering van Nederlandse ondernemingen: de visie van top-managers en analisten'. Tijdschrift voor Corporate Finance, 6(2), 6-19.
  • Hilgers, G., De Jong, A. & Verboven, A. (2001). 'Beursnotering: een lust of een last'. Economisch-Statistische Berichten, 788-790.
  • Jong, D.V. de, De Jong, A., Mertens, G.M.H. & Wasley, Ch. (2001). 'De aandeelhouder wint?'. Economisch-Statistische Berichten, 164-166.
  • Jong, D.V. de, De Jong, A., Mertens, G.M.H. & Wasley, Ch. (2001). 'Corporate governance in Nederland: governance en financiele prestaties'. MAB, 75(3), 103-116.
  • Jong, D.V. de, De Jong, A., Mertens, G.M.H. & Wasley, Ch. (2001). 'Corporate governance in Nederland: de invloed van de Commissie Peters'. MAB, 75(4), 150-161.
  • De Jong, A., Macrae, V. & Nijman, Th.E. (2000). 'Hedgen van valutarisico in Nederland: discrepantie tussen theorie en praktijk?'. MAB, 74(6), 251-263.
  • De Jong, A., Moerland, P.W.. & Nijman, Th.E. (2000). 'Zeggenschapsverhoudingen en financiele prestaties'. Economisch-Statistische Berichten, 85(4254), 368-371.
  • De Jong, A. & Moerland, P.W.. (1999). 'Beheersingsmechanismen in Nederland: substituut of complement'. MAB, 73(10), 499-512.
  • Dijk, R. van & De Jong, A. (1998). 'Determinanten van de vermogensstructuur van Nederlandse beursfondsen'. MAB, 72(7/8), 383-397.
  • De Jong, A., Roon, F. & Veld, C. (1997). Out-of-sample hedging effectiveness of currency futires for alternative models and hedging strategies. The Journal of Futures Markets, 17, 817-837.

• Books
  • De Jong, A. (1999). An empirical analysis of capital structure decisions in Dutch firms (Dissertation Series). Tilburg: CentER.

• Book contributions (9)
  • De Jong, Abe, Jonker, Joost & Gelderblom, Oscar (2011). An Admiralty for Asia, Business Organization and the Evolution of Corporate Governance in the Dutch Republic, 1590-1610. In The Origins of Shareholder Advocacy. Palgrave Macmillan.
  • De Jong, A., DeJong, D., Mertens, G.M.H. & Roosenboom, P.G.J. (2010). Royal Ahold: The role of corporate governance. In G. Aras & D. Crowther (Eds.), A Handbook of Corporate Governance and Social Responsibility (pp. 595-619). Burlington: Gower Publishing Limited.
  • De Jong, Abe, Van der Poel, Marieke & Wolfswinkel, M. (2007). Corporate Governance and Acquisitions: Acquirer Wealth Effects in the Netherlands. In G. Gregoriou & L. Renneboog (Eds.), Corporate Governance and Regulatory Impact on Mergers and Acquisitions: Research and Analysis on Activity Worldwide since 1990 (pp. 131-161). Elsevier.
  • De Jong, A. & Roëll, Ailsa (2006). The financing of Dutch firms: a historical perspective. In L. Renneboog (Ed.), Advances in Corporate Finance and Asset Pricing (pp. 341-364). Amsterdam: Elsevier.
  • Gispert, C., De Jong, A., Kabir, R. & Renneboog, L. (2005). The impact of corporate governance on form performance and growth potential: an analysis of three different European governance regimes. In I. Filatotchev & M. Wright (Eds.), The Life Cycle of Corporate Governance (pp. 233-252). Cheltenham: Edward Elgar.
  • De Jong, A. & Moerland, P.W.. (2002). 'Corporate governance, beschermingsconstructies en ondernemingsstrategie'. In J.C.K.W. Bartel & R.A.I. van Frederikslust (Eds.), Fusies and acquisities (pp. 315-333).
  • De Jong, A. (2001). 'Corporate governance and economic performance: the Netherlands'. In K. Gugler (Ed.), 'Corporate governance and Economic Performance'. Oxford: Oxford University Press.
  • De Jong, A., Kabir, R., Marra, T. & Roëll, Ailsa (2001). 'Ownership and control in the Netherlands'. In F. Barca & M. Becht (Eds.), The control of corporate Europe (FEEM studies in economics). Oxford: Oxford University Press.
  • De Jong, A. & Veld, C. (2000). 'Inkoop van eigen aandelen: internationaal empirisch onderzoek'. In Moerland, P.W. (Ed.), 'Economische, institutionele en juridische aspecten van inkoop eigen aandelen? (pp. 55-78).

• Inaugural speech
  • De Jong, Abe (2006). De ratio van corporate governance. Rotterdam: ERIM.

• Professional publications (13)
  • De Jong, A., Huijgen, C., Marra, T.A. & Roosenboom, P.G.J. (2012). Why do firms go public? RSM Insight, 9, 18-19.
  • De Jong, A., Roosenboom, P.G.J., Verbeek, M.J.C.M. & Verwijmeren, P. (2007). Hedgefondsen en private equity in Nederland. Den Haag: Ministerie van Financien.
  • De Jong, A. & Roëll, Ailsa (2005). Financing and control in the Netherlands: a historical perspective. In R.K. Morck (Ed.), A history of corporate governance around the world (pp. 467-515). Chicago: University of Chicago Press.
  • Donker, H., Hooghiemstra, R.B.H., De Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2004). Corporate governance in Nederland 2004: De opvolging van de code geïnventariseerd. Amsterdam: NCGS/NICG.
  • De Jong, A., Jong, D.V. de, Mertens, G.M.H. & Wasley, Ch. (2004). International corporate governance and performance. Rotterdam: SCGOP.
  • De Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2003). Aandeelhoudersvergaderingen in Nederland 1998-2002. Rotterdam: Erasmus.
  • De Jong, A. & Roosenboom, P.G.J. (2002). Inventarisatie corporate governance bij Nederlandse beursondernemingen. In Corporate governance in Nederland 2002: De stand van zaken. Nederlandse Corporate Governance Stichting.
  • De Jong, A. (2000). 'Corporate governance en vermogensstructuur'. Treasury, 2(1/2), 35-41.
  • De Jong, A. & Veld, C. (2000). 'Inkoop van eigen aandelen: internationaal empirisch onderzoek'. Risico & Rendement, 29(Dec), D.9.4-01-D.9.4-20.
  • De Jong, A. (1999). 'Corporate governance en vermogensstructuur'. Tijdschrift Financieel Management, 19(5), 38-44.
  • De Jong, A. & Veld, C. (1999). 'Unilever's superdividend'. Economisch-Statistische Berichten, 163-163.
  • De Jong, A., Veld, C. & Grazell, J. (1998). 'Alternatieve onderzoeksmethoden in de ondernemingsfinanciering'. MAB, 72(5), 259-267.
  • De Jong, A. (1997). 'Het meten van de hedge-effectiviteit van valuta-futures'. Tijdschrift voor Corporate Finance, 2, 83-94.

• Side position (1)

  Name organisation	University of Groningen
  Role	Professor of Financial Accounting
  Start date	01-05-2009
  Wage earning	nee

• ERIM Awards (1)

  Name	ERIM Impact Award
  Year	2005
  Website	http://www.erim.eur.nl/index.php?id=10025