H.P.G. (Enrico) Pennings

Enrico Pennings is a professor at the Department of Applied Economics, the Erasmus School of Economics (ESE).

Professor Pennings has been a fellow of the Tinbergen research school since 2005 and a member of ERIM since 2006.

Before joining the Erasmus School of Economics (ESE) he was an assistant professor at IGIER-Bocconi University in Milan and at the University Pompeu Fabra in Barcelona. He is former IGIER fellow.

Professor Pennings obtained his PhD in 1998 Cum Laude from the Erasmus University Rotterdam with a thesis entitled Real Options and Managerial Decision Making.

• Bhaskarabhatla, A.S. & Pennings, E. (2012). Defensive Disclosure Under Antitrust Enforcement. Social Science Research Network.

• Articles (41)
  • Bekkum, S. van, Smit, J.T.J. & Pennings, E. (2011). Buy Smart, Time Smart: Are Takeovers Driven by Growth Options or Mispricing? Financial Management, 40(4), 911-940.
  • Pennings, H.P.G. (2011). Unionization Structure, Licensing and Innovation. International Journal of Industrial Organization, 29(2), 232-241.
  • Pennings, H.P.G. & Sereno, L. (2011). Evaluating Pharmaceutial R&D udner Technical and Economic Uncertainty. European Journal of Operational Research, 212(2), 374-385.
  • Duso, T., Pennings, H.P.G. & Seldeslachts, J. (2010). Learning dynamics in research alliances: A panel data analysis. Research Policy, 39(6), 776-789.
  • Hoogendoorn, B., Pennings, H.P.G. & Thurik, A.R. (2010). What do we know about social entrepreneurship? An analysis of empirical research. International Review of Entrepreneurship, 8(2), 71-112.
  • Bekkum, S. van, Pennings, H.P.G. & Smit, J.T.J. (2009). A Real Options Perspective on R&D Portfolio Diversification. Research Policy, 38(7), 1150-1158.
  • Emami Namini, J. & Pennings, H.P.G. (2009). Horizontal multinational firms, vertical multinational firms and domestic investment. In Tinbergen Institute Discussion Paper 2009-004/2.
  • Pennings, H.P.G. & Altomonte, C. (2009). Domestic plant productivity and incremental spillovers from foreign direct investment. Journal of International Business Studies, 40(7), 1131-1148.
  • Altomonte, C. & Pennings, H.P.G. (2008). Learning from foreign investment by rival firms: theory and evidence. International Journal of Industrial Organization, 26(5), 1203-1217.
  • Pennings, H.P.G. (2008). Privatization of real options. Journal of Comparative Economics, 36(3), 489-497.
  • Coucke, K., Pennings, H.P.G. & Sleuwaegen, L.I.E. (2007). Employee layoff under different modes of restructuring exit, downsizing or relocation. Industrial and Corporate Change, 16(2), 161-182.
  • Mukherjee, A. & Pennings, H.P.G. (2006). Tariffs, licensing and market structure. European Economic Review, 50, 1699-1707.
  • Pennings, H.P.G. & Altomonte, C. (2006). The Hazard Rate of Foreign Direct Investment: A Structural Estimation of a Real-option Model. Oxford Bulletin of Economics and Statistics, 68(5), 569-593.
  • Sleuwaegen, L.I.E. & Pennings, H.P.G. (2006). International Relocation of Production: Where do Firms Go? Scottish Journal of Political Economy, 53(4), 430-446.
  • Pennings, H.P.G. (2005). How to Maximize Domestic Benefits from Foreign Investments: The Effect of Irreversibility and Uncertainty. Journal of Economic Dynamics and Control, 29, 873-889.
  • Pennings, H.P.G. (2004). Imitation, Patent Protection and Welfare. Oxford Economic Papers, 56, 715-733.
  • Pennings, H.P.G. & Sleuwaegen, L.I.E. (2004). The choice and timing of foreign direct investment under uncertainty. Economic Modelling, 21(6), 1101-1115.
  • Pennings, H.P.G. (2004). Optimal Pricing and Quality Choice when Investment in Quality is Irreversible. The Journal of Industrial Economics, 52, 569-589.
  • Pennings, H.P.G. (2003). The V-Shaped Value Evolution of R&D Projects. Applied Economics Letters, 10(1), 27-32.
  • Pennings, H.P.G. & Lint, L.J.O. (2003). On the recently developed digital video standard, a game based analysis. Technovation, 23, 297-306.
  • Pennings, H.P.G. & Lint, L.J.O. (2003). On the recently developed digital video standard. A game-based analysis, Technovation. International Journal, 23, 297-306.
  • Lint, L.J.O. & Pennings, H.P.G. (2001). An option approach to the new product development process: a case study at Philips electronics. R and D Management, 31(2), 163-172.
  • Natter, M. & Pennings, H.P.G. (2001). Strategic Diversificaton and capacity utilisation. International Journal of Production Economics, 72, 261-272.
  • Natter, M. & Pennings, H.P.G. (2001). Strategic diversification and capacity utilisation. International Journal of Production Economics, 72, 261-272.
  • Pennings, H.P.G. (2001). Price or quantity setting under uncertain demand and capacity constraints: An examination of the profits. Journal of Economics, 74, 157-171.
  • Pennings, H.P.G. (2001). Price or quantity setting under uncertain demand and capacity constraints: An examination of the profits. Journal of Economics, 74, 157-171.
  • Pennings, H.P.G. & Lint, L.J.O. (2000). Market Introduction, Phased Rollout or Abandonment? A Real Option Approach. European Journal of Operational Research, 124, 125-138.
  • Pennings, H.P.G. (2000). Taxes and Stimuli of Investment under Uncertainty. European Economic Review, 44, 383-391.
  • Sleuwaegen, L.I.E. & Pennings, H.P.G. (2000). International relocation: Firm and industry determinants. Economics Letters, 67(2), 179-186.
  • Lint, L.J.O., Pennings, H.P.G. & Natter, M. (1999). Optionsmanagement in F&E: Eine Fallstudie. Zeitschrift fur Betriebswirtschaft, 51(10), 990-1006.
  • Lint, L.J.O. & Pennings, H.P.G. (1998). De recent overeengekomen videostandaard: een standaardanalyse deel II. Bedrijfskunde, 70(2), 83-89.
  • Lint, L.J.O. & Pennings, H.P.G. (1998). De recent overeengekomen digitale videostandaard, deel I. Bedrijfskunde, 70(1), 39-44.
  • Lint, L.J.O. & Pennings, H.P.G. (1998). R&D als optie op marktintroductie. Bedrijfskunde, 69(1), 61-67.
  • Lint, L.J.O. & Pennings, H.P.G. (1998). Financiën en strategie:time-to-wait or time- to-market. MAB, 71(3), 117-125.
  • Lint, L.J.O. & Pennings, H.P.G. (1998). R&D as an option on market introduction. R and D Management, 28, 279-287.
  • Lint, L.J.O. & Pennings, H.P.G. (1998). Een reële optieanalyse van het gelijktijdig ontwikkelen van twee produktstandaarden. MAB, 72(1/2), 60-66.
  • Pennings, H.P.G. (1998). How to Finance your Investment Opportunity Internally: A Note. The Journal of Futures Markets, 18, 599-604.
  • Lint, L.J.O. & Pennings, H.P.G. (1997). The option Value of Advanced R&D. European Journal of Operational Research, 103, 83-94.
  • Lint, L.J.O. & Pennings, H.P.G. (1997). Financiën en strategie: time-to-wait or time-to-market? MAB, 117-125.
  • Pennings, H.P.G. & Lint, L.J.O. (1997). The option value of advanced R&D. European Journal of Operational Research, 103(1), 83-94.
  • Lint, L.J.O. & Pennings, H.P.G. (1995). Optiemanagement bij investeringen in nieuwe technologie. Holland Management Review, 44-45.

• Book contributions (4)
  • Hoogendoorn, B., Pennings, H.P.G. & Thurik, A.R. (2012). A conceptual overview of What We Know About Social Entrepreneurship. In J. DeFilippis & S. Saegert (Eds.), The Community Development Reader (pp. 117-124). New York: Routledge.
  • Sleuwaegen, L.I.E. & Pennings, H.P.G. (2001). Relocation and public aid: a first report. In Mucchielli,.J.-L. Dunning, J.H. (Ed.), Multinational firms' strategies: The local-global dilemma (Studies in global competition series) (pp. 178-189). New York: Routledge.
  • Lint, L.J.O. & Pennings, H.P.G. (1999). A business shift approach to R&D option valuation. In L. Trigeorgis (Ed.), Real Options and Business Strategy. Applications to Decision Making (pp. 117-135). Cambridge: RISK Publishers.
  • Lint, L.J.O. & Pennings, H.P.G. (1996). Het management van reële optiewaarde. In P.J.J.M. van Loon & J.H. von Eije (Eds.), De financiële functie en ondernemingswaarde (pp. 201-216). Alphen a/d Rijn: Samsom.

• Professional publications (3)
  • Karreman, B., Nacken, T.G. & Pennings, H.P.G. (2013). Arabische lente voor de EBRD. Internationale Spectator, 67(4), 46-51.
  • Karreman, B. & Pennings, H.P.G. (2011). De volgende fusie- en overnamegolf. Economisch-Statistische Berichten, 96(4619), 589-591.
  • Laan, L. van der & Pennings, H.P.G. (2009). Organizations in a Dynamic Environment. USA-Hoboken-NJ: Wiley Higher Education.

• Doctoral thesis
  • Pennings, H.P.G. (1998, juni 12). Real options and managerial decision making. Erasmus University Rotterdam (126 pag.) (Ridderkerk: Offsetdrukkerij Ridderprint B.V.). Prom./coprom.: L.I.E. Sleuwaegen & prof.dr. R.S. Pindyck.

• Editorial position (1)

  Journal	Technovation
  Role	Editorial Board
  Start date	01-01-2008

• Side position (1)

  Name organisation	Universita di Sassari
  Role	Visiting Professor
  Start date	01-01-2010
  End date	31-05-2010
  Wage earning	ja