prof.dr. M.A. (Mathijs) van Dijk

Department of Finance

Rotterdam School of Management (RSM)

Erasmus University Rotterdam

Fellow ERIM

Field: Finance & Accounting

Affiliated since 2002

T: +31 (0) 10 408 1124

E: madijk@rsm.nl

Mathijs A. van Dijk personal website for recent working papers, data, etc.) is professor of finance at Rotterdam School of Management, Erasmus University (RSM) His research focus is international finance and investments. He has published in leading academic journals such as the *Review of Financial Studies*, the *Journal of Financial Economics*, the *Journal of Accounting and Economics*, and the *Review of Finance*. Professor van Dijk has presented his work extensively at international conferences and seminars at academic institutions including, among others, Boston College, Dartmouth, Duke, Harvard, HEC Paris, INSEAD, and UCLA. He is also a frequent speaker at industry events and has written for practitioner-oriented journals such as the *Financial Analysts Journal*. His work has been covered by, e.g., The Economist, the New York Times, Volkskrant, NRC, VOXEU, the World Bank "All About Finance" blog, the Oxford Business Law Blog, and the Harvard Law School Forum on Corporate Governance and Financial Regulation. Professor van Dijk has been a visiting graduate student at Warwick Business School and Princeton University and a visiting research scholar at the Ohio State University, Duke University, and UCLA. He obtained his MSc in Econometrics (cum laude) from Erasmus University and his PhD in Finance from Maastricht University. In 2008, he received a 600,000 euro Vidi-grant from the Netherlands Organisation for Scientific Research (NWO) for a five-year research program on "Liquidity Black Holes". In 2014, he held his inaugural address as a finance professor (entitled “The Social Value of Finance”).

Publications

Article (23)

Academic (22)
- Dijk, M., van Dalen, HP., & Hyde, M. (2020). Who Bears the Brunt? The Impact of Banking Crises on Younger and Older Workers. Journal of the Economics of Ageing, 17, [100264]. https://doi.org/10.1016/j.jeoa.2020.100264
- Hou, K., & Dijk, M. (2019). Resurrecting the Size Effect: Firm Size, Profitability Shocks, and Expected Stock Returns. The Review of Financial Studies, 32(7), 2850-2889. https://doi.org/10.1093/rfs/hhy104
- Hanselaar, R., Stulz, RM., & Dijk, M. (2018). Do Firms Issue More Equity When Markets Become More Liquid? Journal of Financial Economics, 133(1), 64-82. https://doi.org/10.1016/j.jfineco.2018.12.004
- Dreu, CKW., & Dijk, M. (2018). Climatic Shocks Associate with Innovation in Science and Technology. PLoS One (online), 13(1). https://doi.org/10.1371/journal.pone.0190122
- Rosch, D., Subrahmanyam, A., & Dijk, M. (2017). The dynamics of market efficiency. The Review of Financial Studies, 30(4), 1151-1187. https://doi.org/10.1093/rfs/hhw085
- Guenster, A., & Dijk, M. (2016). The impact of European antitrust policy: Evidence from the stock market. International Review of Law and Economics, 46, 20-33. https://doi.org/10.1016/j.irle.2015.12.001
- Nguyen, TT., & Dijk, M. (2012). Corruption, Growth, and Governance: Private vs. State-owned Firms in Vietnam. Journal of Banking and Finance, 36(11), 2935-2948. https://doi.org/10.1016/j.jbankfin.2012.03.027
- Hou, K., & Dijk, M. (2012). The Implied Cost of Capital: A New Approach. Journal of Accounting and Economics, 53(3), 504-526. https://doi.org/10.1016/j.jacceco.2011.12.001
- Karolyi, GA., Lee, K-H., & Dijk, M. (2012). Understanding Commonality in Liquidity Around the World. Journal of Financial Economics, 105(1), 82-112. https://doi.org/10.1016/j.jfineco.2011.12.008
- Koedijk, CG. K., Tims, B., & Dijk, M. (2011). Why Panel Tests of Purchasing Power Parity Should Allow for Heterogeneous Mean Reversion. Journal of International Money and Finance, 30(1), 246-267. https://doi.org/10.1016/j.jimonfin.2010.10.004
- Dijk, M. (2011). Is Size Dead? A Review of the Size Effect in Equity Returns. Journal of Banking and Finance, 35(12), 3263-3274. https://doi.org/10.1016/j.jbankfin.2011.05.009
- Moerman, GA., & Dijk, M. (2010). Inflation Risk and International Asset Returns. Journal of Banking and Finance, 34(4), 840-855. https://doi.org/10.1016/j.jbankfin.2009.09.014
- Jong, A., Rosenthal, L., & Dijk, M. (2009). The risk and return of arbitrage in dual-listed companies. Review of Finance, 13(3), 495-520. https://doi.org/10.1093/rof/rfn031
- Dijk, M., & Roosenboom, P. (2009). The market reaction to cross-listings: Does the destination market matter? Journal of Banking and Finance, 33(10), 1898-1908. https://doi.org/10.1016/j.jbankfin.2009.04.010
- Brounen, D., Dijk, M., & Eichholtz, PMA. (2008). Corporate Real Estate and Corporate Takeovers: International Evidence. Journal of Real Estate Research, 30(3), 293-314. http://hdl.handle.net/1765/16937
- Koedijk, CG. K., Lothian, JR., & Dijk, M. (2006). Foreign Exchange Markets. Journal of International Money and Finance, 25(1), 1-6. https://doi.org/10.1016/j.jimonfin.2005.10.001
- Koedijk, CG. K., & Dijk, M. (2004). Global Risk Factors and the Cost of Capital. Financial Analysts Journal, 60(2), 32-38. http://hdl.handle.net/1765/16940
- Koedijk, CG. K., & Dijk, M. (2004). The Cost of Capital of Cross-Listed Firms. European Financial Management, 10(3), 465-486. http://hdl.handle.net/1765/16939
- Koedijk, CG. K., Tims, B., & Dijk, M. (2004). Purchasing Power Parity and the Euro Area. Journal of International Money and Finance, 23(7/8), 1081-1107. https://doi.org/10.1016/j.jimonfin.2004.08.005
- Koedijk, CG. K., Kool, C., Schotman, P., & Dijk, M. (2002). The cost of capital in international financial markets: local or global? Journal of International Money and Finance, 21(6), 905-930. https://doi.org/10.1016/S0261-5606(02)00028-1
- Koedijk, CG. K., Schotman, PC., & Dijk, M. (1998). The Re-emergence of PPP in the 1990s. Journal of International Money and Finance, 17(1), 51-61. https://doi.org/10.1016/S0261-5606(97)98051-7
- Dijk, M., & Bergeijk, P. (1997). Resource Misallocation and Mark-ups: An Alternative Estimation Technique for Harberger Triangles. Economics Letters, 54, 165-167. https://doi.org/10.1016/S0165-1765(97)00021-9
Professional (1)
- Bongaerts, DGJ. D., Kang, X., & Dijk, M. (2020). Conditional Volatility Targeting. Financial Analysts Journal, 76(4), 54-71. https://doi.org/10.1080/0015198X.2020.1790853

Chapter (3)

Academic (3)
- Flood, MD., Koedijk, CG. K., Dijk, M., & van Leeuwen, IW. (2010). Securities Trading, Asymmetric Information, and Market Transparency. In G. N. Gregoriou (Ed.), The Handbook of Trading: Strategies for Navigating and Profiting from Currency, Bond, and Stock Markets (pp. 317-341). Mcgraw Hill.
- Nguyen, TT., & Dijk, M. (2009). Corruption and Public Governance: Evidence from Vietnam. In G.N. Gregoriou (Ed.), Emerging Markets: Performance, Analysis and Innovation (pp. 693-713). Chapman-Hall/Taylor and Francis London, UK. Boca Raton
- Koedijk, CG. K., Dijk, M., & van Leeuwen, IW. (2008). The Impact of Inter-Dealer Trading on Market Liquidity Under Asymmetric Information. In F-S. L. Greg N. Gregoriou (Ed.), Stock Market Liquidity: Implications for Market Microstructure and Asset Pricing (pp. 267-285). John Wiley & Sons Inc..

Digital or Visual Products (1)

Professional (1)
- Dijk, M. (Author), Dul, J. (Author), & Albuquerque de Sousa, J. (Author). (2017). What makes new stock markets succesful?. Digital or Visual Products, RSM Discovery. http://hdl.handle.net/1765/100254

Inaugural speech (1)

Popular (1)
- Dijk, M. (2014). The social value of finance. Erasmus Research Institute of Management (ERIM). http://hdl.handle.net/1765/51323

Web publication/site (4)

Academic (4)
- Beck, T. (Author), Albuquerque de Sousa, J. (Author), Bergeijk, P. (Author), & Dijk, M. (Author). (2017). Nascent stock exchanges — tales of success and failure. Web publication/site, The World Bank.
- Beck, T. (Author), Albuquerque de Sousa, J. (Author), Bergeijk, P. (Author), & Dijk, M. (Author). (2017). Understanding the Success and Failure of Nascent Stock Exchanges. Web publication/site, University of Oxford Business Law Blog.
- Albuquerque de Sousa, J. (Author), Beck, T. (Author), Bergeijk, P. (Author), & Dijk, M. (Author). (2017). Wat verklaart het succes en falen van prille aandelenbeurzen?. Web publication/site
- Albuquerque de Sousa, J. (Author), Beck, T. (Author), Bergeijk, P. (Author), & Dijk, M. (Author). (2016). Nascent stock exchanges: Explaining success and failure. Web publication/site, VoxEU.org - Center for Economic Policy Research (CEPR).

Working paper (1)

Academic (1)
- Albuquerque de Sousa, J., Beck, T., Bergeijk, P., & Dijk, M. (2016). Nascent markets: Understanding the success and failure of new stock markets. International Institute of Social Studies (ISS). ISS working papers. General series Vol. 623