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J. (Jaap) Spronk

Full Professor

Jaap Spronk
Slide 1

Academic Dean MBA Programmes & Professor of Financial Management Science

Programme:
Finance & Accounting
ERIM Membership:
Member ERIM, affiliated since 1999
Profile

Jaap Spronk is a professor of financial management science at the Rotterdam School of Management, Erasmus University (RSM).

Professor Sponk is the academic dean of the school's MBA programmes.

Publications (56)
  • Articles (35)
    • Mehrotra, V., Schaik, D. van, Steenbeek, O.W. & Spronk, J. (2011). Creditor-Focused Corporate Governance: Evidence from Mergers and Acquisitions in Japan. Journal of Financial and Quantitative Analysis, 46(4), 1051-1072.
    • Lovric, M., Kaymak, U. & Spronk, J. (2010). Modeling investor sentiment and overconfidence in an agent-based stock market. Human Systems Management, 29(2), 89-101.
    • Lovric, M., Kaymak, U. & Spronk, J. (2010). Modeling Loss Aversion and Biased Self-Attribution Using a Fuzzy Aggregation Operator. In Proceedings of the 2010 IEEE International Conference on Fuzzy Systems (FUZZ-IEEE 2010) (pp. 1-8). Barcelona, Spain.
    • Spronk, J. & Schauten, M.B .J. (2010). Optimal Capital Structure. In Constantin Zopounidis & Panos.M Pardalos (Eds.), Handbook of Multicriteria Analysis (pp. 405-424). heidelberg: Springer.
    • Watkins, K., Dijk, D.J.C. van & Spronk, J. (2010). Corporate governance and performance during normal and crisis periods: evidence from an emerging market perspective. International Journal of Corporate Governance, 1(4), 382-399.
    • Lovric, M., Kaymak, U. & Spronk, J. (2009). Overconfident investors in the LLS agent-based artificial financial market. In Proceedings of the IEEE Symposium on Computational Intelligence for Financial Engineering (CIFEr 2009) (pp. 58-65). Nashville, Tennessee, USA.
    • Lovric, M., Almeida e Santos Nogueira, R.J. de, Kaymak, U. & Spronk, J. (2009). Modeling investor optimism with fuzzy connectives. In J.P. Carvalho, D. Dubois, U. Kaymak & J..M..C. Sousa (Eds.), Proceedings of the Joint 2009 International Fuzzy Systems Association World Congress and 2009 European Society of Fuzzy Logic and Technology Conference (pp. 1803-1808). Lisbon, Portugal.
    • Lovric, M., Almeida e Santos Nogueira, R.J. de, Kaymak, U. & Spronk, J. (2009). Modeling Investor Optimism with Fuzzy Connectives. In Proceedings of the IFSA World Congress (pp. 1803-1808). Lisbon.
    • Schauten, M.B.J. & Spronk, J. (2009). Optimal Capital Structure Decision in a Multi-Criteria Framework; Solutions for an M&A Case as Proposed by Practicing Financial Experts. In C. Zopounidis (Ed.), The Journal of Financial Decision Making Vol. 5. The Journal of Financial Decision Making (pp. 73-102). Athene: Klidarithmos.
    • Spronk, J., Watkins, K. & Dijk, D.J.C. van (2009). Crisis Macroeconómica y desempeño de la empresa individual. Trimestre Economico, LXXVI(304), 991-1026.
    • Pouchkarev, I., Spronk, J. & Trinidad Segovia, J.E. (2006). Empirical Insight on the Heterogeneity of the Spanish Stock Market. Estudios de Economia Aplicada, 1089-1106.
    • Hallerbach, W.G.P.M., Spronk, J., Hundack, C.J.E. & Pouchkarev, I. (2005). Market Dynamics From The Portfolio Opportunity Perspective: The DAX Case. Zeitschrift fur Betriebswirtschaft, 75(7/8), 739-764.
    • Spronk, J. & Wijst, N. van der (2005). Financial modelling and the quality of corporate reports. European Journal of Operational Research, 161(2), 295-297.
    • Watkins, K., Spronk, J. & Felix, L. (2005). Propagacion de crisis en las empresas: la experiencia mexicana. Economia Mexicana, XIV(1), 119-135.
    • Hallerbach, W.G.P.M., Ning, H. & Spronk, J. (2004). The effects of decision flexibility in the hierarchical investment decision process. Frontiers in Finance and Economics, 1(1), 17-35.
    • Hallerbach, W.G.P.M., Ning, H., Soppe, A.B.M. & Spronk, J. (2004). A framework for managing a portfolio of socially responsible investments. European Journal of Operational Research, 153(2), 517-529.
    • Spronk, J., Pouchkarev, I. & Trinidad Segovia, J.E. (2004). Dynamics of the Spanish Stock Market through a broadband view of the IBEX 35® index. Estudios de Economia Aplicada, 22(1), 7-21.
    • Spronk, J. & Vermeulen, E.M. (2003). Comparative performance evaluation under uncertainty. European Journal of Operational Research, 150(3), 482-495.
    • Hallerbach, W.G.P.M. & Spronk, J. (2002). The relevance of multi-criteria decision making for financial decisions. Journal of Multi-Criteria Decision Analysis, 11(4-5), 187-195.
    • Hallerbach, W.G.P.M. & Spronk, J. (2002). A multidimensional framework for financial-economic decisions. Journal of Multi-Criteria Decision Analysis, 11(3), 111-124.
    • Spronk, J. & Wijst, N. van der (2001). Financial modelling in the new millennium. European Journal of Operational Research, 134(2), 229-231.
    • Spronk, J. & Post, G.T. (1999). Performance benchmarking using interactive data envelopment analysis. European Journal of Operational Research, 115, 472-487.
    • Spronk, J. (1999). Financial modelling as a bridging feature. European Journal of Operational Research, 114, 217-218.
    • Hallerbach, W.G.P.M. & Spronk, J. (1997). Financial modelling: where to go? With an illustration for portfolio management. European Journal of Operational Research, 99, 113-125.
    • Spronk, J. & Castagnoli, E. (1996). The virtual reality of financial-economic decision making. European Journal of Operational Research, 91(2), 211-213.
    • Spronk, J., Wijst, D. van der & Vermeulen, E.M. (1996). Analyzing risk and performance using the multi-factor concept. European Journal of Operational Research, 93, 173-184.
    • Goedhart, M.H. & Spronk, J. (1995). An interactive heuristic for financial planning in decentralized organisations. European Journal of Operational Research, 86, 162-175.
    • Goedhart, M.H. & Spronk, J. (1995). Financial planning with fractional goals. European Journal of Operational Research, 82, 111-124.
    • Koster, J.M.D., Spronk, J. & Vermeulen, E.M. (1994). Project performance evaluatie. Bedrijfskunde, 4, 50-53.
    • Koster, J.M.D., Spronk, J. & Vermeulen, E.M. (1994). Project performance evaluatie. Bedrijfskunde, 66(4), 50-53.
    • Spronk, J. (1994). Aspects of applications. Journal of Multi-Criteria Decision Analysis, 3(2), 63-64.
    • Spronk, J. (1994). Aspects of applications. Journal of Multi-Criteria Decision Analysis, 3(2), 63-64.
    • Vermeulen, E.M., Spronk, J. & Wijst, D. van der (1994). Visualizing interfirm cpmparison. Omega, 22(4), 331-338.
    • Vermeulen, E.M., Spronk, J. & Wijst, D. van der (1994). Ondernemingsrisico ontleed. MAB, 68(3), 132-139.
    • Vermeulen, E.M., Spronk, J. & Wijst, N. van der (1994). Ondernemingsrisico ontleed. MAB, 132-139.
  • Books (5)
    • Annaert, J.J.J., Spronk, J. & Huisman, R. (Eds.). (1999). Financiering en Belegging. Rotterdam: Sectie Finance & Investments.
    • Annaert, J.J.J., Meulen, J. van der & Spronk, J. (Eds.). (1998). Financiering en Belegging. Rotterdam: Sectie Finance & Investments.
    • Spronk, J., Karwan, M.H. & Wallenius, J. (Eds.). (1997). Essays in decision making. Heidelberg: Springer Verlag.
    • Steenbeek, O.W., Bergh, W.M. van den, Schauten, M.B.J. & Spronk, J. (Eds.). (1997). Financiering en Belegging. Rotterdam: Capaciteitsgroep Accounting & Finance.
    • Soppe, A.B.M., Spronk, J., Vermeulen, E.M. & Vorst, A.C.F. (1994). Financiering en belegging: stand van zaken anno 1994. Rotterdam: Vakgroep Financiering en Belegging.
  • Book contributions (14)
    • Lovric, M., Kaymak, U. & Spronk, J. (2010). A conceptual model of investor behavior. In S. Nefti & J.O. Gray (Eds.), Advances in Cognitive Systems (IET Control Engineering Series, 71) (pp. 369-394). London, UK: Institution of Engineering and Technology.
    • Spronk, J., Steuer, R.E. & Zopounidis, C. (2004). Multicriteria decision aid/analysis in finance. In J. Figueira, S. Greco & M. Ehrgott (Eds.), Multiple criteria decision analysis: state of the art surveys (pp. 799-858). Boston/Dordrecht/London: Kluwer Academic Publishers.
    • Spronk, J., Pouchkarev, I. & Vliet, W.N. van (2004). Portfolio return characteristics of different industries. In G. Fandel, U. Backes-Gellner, M. Schlüter & J.E. Staufenbiel (Eds.), Modern concepts of the theory of the firm. Managing enterprises of the new economy (pp. 434-448). Berlin: Springer-Verlag.
    • Hallerbach, W.G.P.M. & Spronk, J. (2000). A multicriteria framework for risk analysis. In Y.Y. Haimes & R. Steuer (Eds.), Research and practice in multiple criteria decision making (pp. 272-283). Berlin: Springer Verlag.
    • Spronk, J. & Post, G.T. (2000). Evaluating productive performance under uncertainty: combining data envelopment analysis, mean-variance analysis, and multi-factor risk models. In Y. Shi & M. Zeleny (Eds.), New frontiers of decision making for the information technology era (pp. 249-269). Singapore: World Scientific Publishing Co. Pte. Ltd..
    • Spronk, J. & Groenendijk, A.A. (2000). Portfolio performance through the eyes of monkeys. In M. Bonilla, T. Casasus & R. Sala (Eds.), Financial modelling (pp. 203-213). New York: Physica-Verlag Heidelberg.
    • Vermeulen, E.M., Spronk, J. & Wijst, D. van der (1998). The application of the multi-factor model in the analysis of corporate failure. In C. Zopounidis (Ed.), Operational tools in the management of financial risks (pp. 59-73). Massachusetts: Kluwer Academic Publicers.
    • Brannback, M. & Spronk, J. (1997). A multidimensional framework for strategic decisions. In G. Fandel & T. Gal (Eds.), Multiple criteria decision making (pp. 582-590). Berlin: Springer-Verlag.
    • Hallerbach, W.G.P.M. & Spronk, J. (1997). A multi-dimensional framework for portfolio management. In M.H. Karwan, J. Spronk & J. Wallenius (Eds.), Essays in decision making (pp. 275-293). Berlin: Springer-Verlag.
    • Karwan, M.H., Spronk, J. & Wallenius, J. (1997). Quot homines, tot sententiae. In M.H. Karwan, J. Spronk & J. Wallenius (Eds.), Essays in Decision Making (pp. 1-4). Berlin: Springer-Verlag.
    • Spronk, J. & Vermeulen, E.M. (1997). Interfirm performance evaluation under uncertainty, a multidimensional framework. In J. Climaco (Ed.), Multicriteria analysis (pp. 508-518). Berlin: Springer-Verlag.
    • Spronk, J. & Groenendijk, A.A. (1997). Portfolio performance through the eyes of monkeys. In W.M van den Bergh, W.B.J. Schauten, J. Spronk & O.W. Steenbeek (Eds.), Financiering en Belegging (pp. 31-45). Rotterdam: Capaciteitsgroep Accounting & Finance.
    • Spronk, J. & Eije, J.H. von (1996). Ondersteuning van investeringsbesluitvorming. In J.H. von Eije & P.J.J.M. van Loon (Eds.), De financiële functie en ondernemingswaarde (pp. 175-186). Alphen a/d Rijn/Diegem: Samsom BedrijfsInformatie.
    • Goedhart, M.H. & Spronk, J. (1994). Experiments with interactive multi-level models. In G.H. Tzeng, H.F. Wang, U.P. Wen & P.L. Yu (Eds.), Multiple criteria decision making: Expand and Enrich the domains of thinking and application (pp. 155-173). Berlin: Springer Verlag.
  • Professional publications (2)
    • Schauten, M.B.J. & Spronk, J. (2007). An Optimal Capital Structure Decision in a Multi Criteria Framework; solutions for an M&A case as proposed by financial experts in practice. 3000 DR Rotterdam: DEPARTMENT OF ACCOUNTING AND FINANCE.
    • Spronk, J. (1997). De performance van de neusaap. Pecunia Magazine, 12(winter), 10-10.
Recognitions (9)
  • Editorial position (3)
    Journal Journal of Multi-Criteria Decision Analysis
    Role Associate Editor

    Journal Estudios de Economia Aplicada
    Role Associate Editor

    Journal Frontiers in Finance and Economics
    Role Member International Editorial Advisory Board

  • Side position (6)
    Name organisation Netherlands Economic Institute (Foundation)
    Role Curator
    Start date 01-05-2009
    Wage earning nee

    Name organisation A.A. van Beekfonds (Foundation for Sponsoring International Student Exchanges)
    Role Board Member
    Start date 01-01-1995
    Wage earning nee

    Name organisation GARP, Global Association of Risk Professionals
    Role Member Advisory Committee
    Start date 01-01-2007
    Wage earning nee

    Name organisation Fintelligence
    Role Consultant / Advisor
    Start date 01-01-1989
    Wage earning ja

    Name organisation The Merrill Lynch Center for the Study of International Financial Services and Markets
    Role (Member Academic Advisory Board)
    Start date 01-01-2000
    Wage earning nee

    Name organisation Hermes Center University of Cyprus
    Role Chair International Advisory Board
    Wage earning nee

PhD Projects (7)

Macroeconomic Crisis and Firm Performance

Karen Watkins Fassler
PhD Candidate: Karen Watkins Fassler Role: Supervisor Defended: 10 May 2007 Full text: Download this thesis
 

Behavioral Finance and Agent-Based Artificial Markets

Milan Lovric
PhD Candidate: Milan Lovric Role: Supervisor Defended: 25 March 2011 Full text: Download this thesis
 

Valuation, Capital Structure Decisions and the Cost of Capital

Marc Schauten
PhD Candidate: Marc Schauten Role: Supervisor Defended: 02 October 2008 Full text: Download this thesis
 

M&A in Japan: An Analysis of Merger Waves and Hostile Takeovers

Dimitri van Schaik
PhD Candidate: Dimitri van Schaik Role: Supervisor Defended: 30 October 2008 Full text: Download this thesis
 

Hierarchical Portfolio Management: Theory and Applications

Haikun Ning
PhD Candidate: Haikun Ning Role: Supervisor Defended: 20 December 2007 Full text: Download this thesis
 

Performance Evaluation of Constrained Portfolios

Igor Pouchkarev
PhD Candidate: Igor Pouchkarev Role: Supervisor Defended: 28 April 2005 Full text: Download this thesis
 
Events (4)
Nov 20, 2008 Journeys with Erasmus: A New Financial World Order
  Journeys with Erasmus Lecture | Finance

Dec 20, 2007 New Algorithms (and Software) for Computing Mean-variance Markowitz Efficient Frontiers
  ERIM Research Seminar | Business Processes

May 10, 2007 XL Euro Working Group on Financial Modelling
  Conference | Finance

Apr 29, 2005 Financial Market Dynamics & Benchmarking
  Conference | Finance

Visiting address
Burgemeester Oudlaan 50
3062 PA, Rotterdam
Netherlands
Postal address
Postbus 1738
3000 DR, Rotterdam
Netherlands
 

Latest publication

Mehrotra, V., Schaik, D. van, Steenbeek, O.W. & Spronk, J. (2011). Creditor-Focused Corporate Governance: Evidence from Mergers and Acquisitions in Japan. Journal of Financial and Quantitative Analysis, 46(4), 1051-1072.

Latest news

Behavioral Finance and Agent-Based Artificial Markets

A research into individual investors and their behavior has received a lot of consideration during the past, and is increasingly in the focus of interest of many scientists, not being confined only…

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