J.T.J. (Han) Smit

Full Professor
Erasmus School of Economics
Erasmus University Rotterdam
Member ERIM
Field: Finance & Accounting
Affiliated since 1999

Han Smit is a corporate professor of Finance at the Department of Business Economics, Erasmus School of Economics (ESE).

His research in the areas of private equity, real options valuation, competition and strategy has been widely published in leading academic and practitioner journals. He is co-author of a book Strategic Investment: Real Options and Games published by Princeton University Press.

Professor Smit has been a visiting fellow at Harvard University, Columbia University, UC at Berkeley, Boston University, and fellow at the Netherlands Institute of Arts and Sciences (NIAS).

  • Smit, J.T.J., Bekkum, S. van & Pennings, H.P.G. (2015). Real Options and Institutional Quality. Journal of International Business Studies.
  • Smit, J.T.J., Trigeorgis, L. & Haanappel, H.T. (2013). Path Dependency of Strategic Joint Ventures.
  • Smit, J.T.J. & Trigeorgis, L. (2013). Strategic Investment Value Under Different Information Structures: Learning, Technical Uncertainty and Asymmetric Information.
  • Smit, J.T.J. & Moraitis, T. (2013). Valuation of Minority Stakes: The Falconbridge Episode.
  • Smit, J.T.J. (2013). Conditions for Buy and Build Acquisitions.
  • Smit, J.T.J. & Kil, J.C.M. (2013). Behavioural Real Options: Uncertainty Neglect in Acquisition Decisions.
  • Smit, J.T.J. & Lovallo, D. (2013). How to Debias Your Valuation over the Cycle.
  • Smit, J.T.J. & Moraitis, T. (2015). Playing at Serial Acquisitions. Princeton: Princeton University Press.
  • Smit, J.T.J. & Trigeorgis, L.T. (2004). Strategic Investment: Real Options and Games. Princeton: Princeton University Press.
  • Smit, J.T.J. (2002). The economics of private equity (Erasmus Research Institute of Management, EIA-12-F&A). Rotterdam: ERIM Inaugural Addresses Research in Management Series.
  • Smit, J.T.J. & Ankum, L.A. (2000). "Approach to Corporate Investment Strategy under Competition, " Game Choices: The Intersection of Real Options and Game Theory (Risk Books). Londen: S.R. Grenadier.
  • Smink, M., Smit, J.T.J. & Vorst, A.C.F. (Eds.). (1996). Financiering en Belegging. Rotterdam: Capaciteitsgroep Accounting & Finance.
  • Smit, J.T.J. & Trigeorgis, L.T. (2003). Real options: principles of valuation and strategy. In J.A. McCahery & L. Renneboog (Eds.), Venture capital contracting and the valuation of high technology firms (pp. 227-250). New York: Oxford University Press Inc..
  • Smit, J.T.J. & Trigeorgis, L.T. (2001). Flexibility and commitment in strategic investments. In E.S. Schwartz & L. Trigeorgis (Eds.), Real options and investment under uncertainty: classical readings and recent contributions (pp. 451-498). Cambridge: MIT Press.
  • Smit, J.T.J. & Ankum, L.A. (2000). A real option and a game theoretic approach to corporate investment strategy under competition. In S. Grenadier Risk (Ed.), Game choices the intersection of real options game theory (pp. 21-40). London: Risk Books.
  • Smit, J.T.J. & Trigeorgis, L. (2000). Growth options, competition and strategy: an answer to the market valuation puzzle? In L. Trigeorgis (Ed.), Real options and business strategy applications to decision making (pp. 21-39). London: Risk Books.
  • Smit, J.T.J. & Trigeorgis, L.T. (1999). Flexibility, strategic options and dynamic competition in technology industries. In A. Micalizzi & L. Trigeorgis (Eds.), Real options (pp. 31-66). Milan: Egea Sda Bocconi.
  • Smit, J.T.J. (1999). The Valuation of Offshore Concessions in the Netherlands. In A Micalizzi & L Trigeorgis (Eds.), Real Options (pp. 3-3.5). Milaan: Egea Sda Bocconi.
  • Smit, J.T.J. (1999). Flexibility, Strategic Options and Dynamic Competitions in Technology Industries. In Real Options. Milaan: Egea Sda Bocconi.
  • Smit, J.T.J. & Trigeorgis, L. (1999). Flexibility, strategic options and dynamic competition in technology industries. In A. Micalizzi & L. Trigeorgis (Eds.), Real options (pp. 31-67). Milan: Egea Sda Bocconi.
  • Smit, J.T.J. (1999). The valuation of offshore concessions in the Netherlands. In A. Micalizzi & L. Trigeorgis (Eds.), Real options (pp. 179-217). Milan: Egea Sda Bocconi.
  • Smit, J.T.J. (1994). The flexibility value of strategic investments under competition. In @ Gosh (Ed.), New directions in finance. @: Omega Scientific.
  • Smit, J.T.J. (1996, September 04). Growth options and strategy analysis. University of Amsterdam (211 pag.). Prom./coprom.: Prof.Dr. L.A. Ankum & Prof.Dr. L.T. Trigeorgis.
  • Trigeorgis, L.T., Brosch, R. & Smit, J.T.J. (2007, September 15). The Journal report: Business Insight Strategy: Stay Loose. The Wall Street Journal, pp. R4.
  • Smit, J.T.J. (periode: 2007 t/m 2007). Expert in hoorzitting Private Equity Functie bij : Tweede Kamer.
  • Maeseneire, W. De, Smit, J.T.J. & Berg, W.A. van den (2005). De markt voor Private Equity. Finance en Control, April, 15-17.
Joris Kil

Acquisitions Through a Behavioural and Real Options Lens

  • Role: Promotor
  • PhD Candidate: Joris Kil
  • Time frame: 2009 - 2013
Wouter de Maeseneire

Essays on Firm Valuation and Value Appropriation

2014
June
06
ERIM Research Workshop
2011
April
04
2010
April
12

Address

Visiting address

Office: H14-17
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam
Netherlands

Work in progress

Smit, J.T.J., Bekkum, S. van & Pennings, H.P.G. (2015). Real Options and Institutional Quality. Journal of International Business Studies.
Smit, J.T.J., Trigeorgis, L. & Haanappel, H.T. (2013). Path Dependency of Strategic Joint Ventures.

Latest publication

Smit, J.T.J., Bekkum, S. van & Pennings, H.P.G. (2015). Real Options and Institutional Quality. Journal of International Business Studies.