Dr. G. (Guido) Baltussen

Guido Baltussen
Erasmus School of Economics (ESE)
Erasmus University Rotterdam
Member ERIM
Field: Finance & Accounting
Affiliated since 2010

Guido Baltussen is Professor in Finance (Chair: Behavioral Finance and Financial Markets) and a full Tinbergen and ERIM (high performance) fellow. His expertise is investments and incorporating Behavioral Finance into investment processes, with research focusing on the boundaries of Behavioral Finance and Asset Pricing, Investments, Portfolio Construction and Individual Investor or Firm Decision Making. Guido has published several articles in the leading economic and finance journals (e.g. American Economic Review, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis) and his research is covered in various media such as the Wall Street Journal, America Today, Bloomberg News, MoneyWeek, and more. Guido also works at Robeco Asset Management, managing several quantitative investment teams and strategies. Before he obtained his PhD in Finance at the Erasmus University Rotterdam, and was visiting at Stern School of Business of New York University, New York, USA. 

Publications

Article (22)

  • Academic (19)

    • Baltussen, G., Swinkels, L., van Vliet, B., & van Vliet, P. (2023). Investing in Deflation, Inflation, and Stagflation Regimes. Financial Analysts Journal, 79(3), 5-32. https://doi.org/10.1080/0015198X.2023.2185066

    • Baltussen, G., Beckers, S., Hazenberg, J. J., & Van Der Scheer, W. (2022). Fund Selection: Sense and Sensibility. Financial Analysts Journal, 78(3), 30-48. https://doi.org/10.1080/0015198X.2022.2066452

    • Baltussen, G., Martens, MPE., & Penninga, O. (2021). Factor Investing in Sovereign Bond Markets: Deep Sample Evidence. The Journal of Portfolio Management, 48(2), 209-225. https://doi.org/10.3905/jpm.2021.1.311

    • Baltussen, G., Da, Z., Lammers, S., & Martens, MPE. (2021). Hedging Demand and Market Intraday Momentum. Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2021.04.029

    • Baltussen, G., Martens, M., & Penninga, O. (2021). Predicting Bond Returns: 70 Years of International Evidence. Financial Analysts Journal, 77(3), 133-155. https://doi.org/10.1080/0015198X.2021.1908775

    • Baltussen, G., Swinkels, L., & Van Vliet, P. (2021). Global factor premiums. Journal of Financial Economics, 142(3), 1128-1154. https://doi.org/10.1016/j.jfineco.2021.06.030

    • Baltussen, G., Blitz, D., & Van Vliet, P. (2020). When Equity Factors Drop Their Shorts. Financial Analysts Journal, 76(4). https://doi.org/10.1080/0015198X.2020.1779560

    • Baltussen, G., Blitz, D., & Van Vliet, P. (2020). The Volatility Effect Revisited. The Journal of Portfolio Management, 46(2). https://doi.org/10.3905/jpm.2019.1.114

    • Baltussen, G., Bekkum, S., & Da, Z. (2018). Indexing and Stock Market Serial Dependence Around the World. Journal of Financial Economics, 132(1), 26-48. https://doi.org/10.1016/j.jfineco.2018.07.016

    • Baltussen, G., Bekkum, S., & van der Grient, B. (2018). Unknown Unknowns: Uncertainty About Risk and Stock Returns. Journal of Financial and Quantitative Analysis, 53(4), 1-37. https://doi.org/10.1017/S0022109018000480

    • Baltussen, G., Beckers, S., Hazenberg, J. J., & van der Scheer, W. (2017). Actief fondsbeheer. VBA Journaal, 33(131), 9-17.

    • Baltussen, G., assem, MJ., & van Dolder, D. (2016). Risky Choice in the Limelight. The Review of Economics and Statistics, 98(2), 318-332. https://doi.org/10.2139/ssrn.2057134

    • Hytonen, KA., Baltussen, G., assem, MJ., Klucharev, VA., Sanfey, AG., & Smidts, A. (2014). Path Dependence in Risky Choice: Affective and Deliberative Processes in Brain and Behavior. Journal of Economic Behavior and Organization, 107(11), 566-581. https://doi.org/10.1016/j.jebo.2014.01.016

    • Baltussen, G., Post, GT., assem, MJ., & Wakker, P. (2012). Random Incentive Systems in a Dynamic Choice Experiment. Experimental Economics, 15(3), 418-443. https://doi.org/10.1007/s10683-011-9306-4

    • Baltussen, G., Van Der Grient, B., De Groot, W., Zhou, W., & Hennink, E. (2012). Exploiting option information in the equity market. Financial Analysts Journal, 68(4), 56-72. https://doi.org/10.2469/faj.v68.n4.1

    • Baltussen, G., Post, GT., & Van Vliet, P. (2012). Downside Risk Aversion, Fixed-Income Exposure, and the Value Premium Puzzle. Journal of Banking and Finance, 36(12), 3382-3398. https://doi.org/10.1016/j.jbankfin.2012.07.020

    • Baltussen, G., & Post, GT. (2011). Irrational diversification. Journal of Financial and Quantitative Analysis, 46(5), 1463-1491. https://doi.org/10.1017/S002210901100041X

    • Post, GT., assem, MJ., Baltussen, G., & Thaler, RH. (2008). Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show. The American Economic Review, 98(1), 38-71. https://doi.org/10.1257/aer.98.1.38

    • Baltussen, G., Post, GT., & van Vliet, WN. (2006). Violations of Cumulative Prospect Theory in Mixed Gambles with Moderate Probabilities. Management Science, 52(8), 1288-1290. https://doi.org/10.1287/mnsc.1050.0544

  • Professional (3)

    • Baltussen, G., Hazenberg, J. J., & van der Scheer, W. (2016). Resultaten uit het verleden...De extrapolatiebias van fondsbeleggers. VBA Journaal, 32(125), 38-43.

    • Baltussen, G., & Van dommelen, W. (2016). Factorpremies zitten overal! VBA Journaal, 32(127), 25-31.

    • assem, MJ., Baltussen, G., & Post, GT. (2007). De ene euro is de andere niet. Economisch-Statistische Berichten, 92(4514), 427-428. http://hdl.handle.net/1765/14060

Doctoral Thesis (1)

  • Internal (1)

    • Baltussen, G. (2008). New Insights into Behavioral Finance. [Doctoral Thesis, Erasmus University Rotterdam]. Erasmus Universiteit Rotterdam (EUR).

PhD Tracks (2)

Corporate bond asset pricing
Corporate bond asset pricing
  • Role: Co-promotor
  • PhD Candidate: Frederik Muskens
  • Time frame: 2022 -
Essays in Empirical Finance
Essays in Empirical Finance
  • Role: Co-promotor
  • PhD Candidate: Bart van Vliet
  • Time frame: 2022 -

Events (2)

2015
May
13
How Much Indexing Is Too Much
Research Seminar
As: Speaker
2013
June
19
Erasmus Finance Brown Bag Seminar by Sjoerd van Bekkum and Guido Baltussen
Research Seminar
As: Speaker

Address

Visiting address

Office: Tinbergen Building H14-10
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Research Initiatives

Latest publication

Article

Baltussen, G., Swinkels, L., van Vliet, B., & van Vliet, P. (2023). Investing in Deflation, Inflation, and Stagflation Regimes. Financial Analysts Journal, 79(3), 5-32. https://doi.org/10.1080/0015198X.2023.2185066