H.P.G. (Enrico) Pennings

Full Professor
Erasmus School of Economics
Erasmus University Rotterdam
Fellow ERIM
Field: Strategy & Entrepreneurship
Affiliated since 2006

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 of Patentable Inventions Under Antitrust Enforcement.
  • Pennings, H.P.G. (2011). Unionization Structure, Licensing and Innovation. International Journal of Industrial Organization, 29(2), 232-241.[go to publisher's site]
  • Bekkum, S. van, Smit, J.T.J. & Pennings, E. (2011). Buy Smart, Time Smart: Are Takeovers Driven by Growth Options or Mispricing? Financial Management - FM, 40(4), 911-940.
  • 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.[go to publisher's site]
  • 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.
  • Duso, T., Pennings, H.P.G. & Seldeslachts, J. (2010). Learning dynamics in research alliances: A panel data analysis. Research Policy, 39(6), 776-789.[go to publisher's site]
  • 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.[go to publisher's site]
  • 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.
  • 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.
  • Pennings, H.P.G. (2008). Privatization of real options. Journal of Comparative Economics, 36(3), 489-497.[go to publisher's site]
  • 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.[go to publisher's site]
  • 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.[go to publisher's site]
  • 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.
  • Mukherjee, A. & Pennings, H.P.G. (2006). Tariffs, licensing and market structure. European Economic Review, 50, 1699-1707.
  • 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.
  • 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.
  • 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. & 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.
  • 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. (1998). Een reële optieanalyse van het gelijktijdig ontwikkelen van twee produktstandaarden. MAB, 72(1/2), 60-66.
  • 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.
  • 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.
  • 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.
  • 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.

Editorial positions

  • Technovation

    Editorial Board

Side positions

  • Universita di Sassari

    Visiting Professor

2014
March
14
Career Event ERIM Doctoral Programme
2011
March
02
ERIM Research Seminar
2011
February
25
2010
September
17
2009
June
25

Address

Visiting address

Office: H13-31
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Work in progress

Bhaskarabhatla, A.S. & Pennings, E. (2012). Defensive Disclosure of Patentable Inventions Under Antitrust Enforcement.

Latest publication

Karreman, B., Nacken, T.G. & Pennings, H.P.G. (2013). Arabische lente voor de EBRD. Internationale Spectator, 67(4), 46-51.