My expertise focuses on Innovation Finance and on Institutions-based Corporate Finance. In these two areas I conduct research, publish, consult and give lectures and trainings. My work in Innovation Finance focuses on entrepreneurial financing decisions (Going public process, IPOs, crowdfunding, and venture capital) as well as on investment decisions under uncertainty. I apply real option models to analyze business decisions in highly complex and innovative industries: pharmaceutical R&D, business model innovations in ICT, infrastructure projects, renewable energy (hydrogen, CCS) and sustainable resources (recycling). My second area of expertise analyzes the impact of institutions on corporate financing decisions of companies and on the functioning of financial markets. I focus on formal institutions such as country-level regulations (investor protection, disclosure regulation, securities regulation), semi-formal institutions such as firm-level corporate governance configurations, board composition and board diversity as well as informal institutions such as trust, reputation, CSR and business ethics.
Advice to the compliance of financial products with the new Quality Standard (QS) for socially responsible and sustainable financial products.
AbstractWe analyze whether financial products of asset managers meet the requirements of the Febelfin label for socially responsible and sustainable investment products. We test whether formal policies on exclusion of controversial activities is in place, whether the asset managers meet the requirements on climate change and fossil fuels.
- Promotor: Engelen Peter-Jan
- Research Project
New Views on Firms' Investment and Finance decisions.
AbstractThe proposed research paper aims at distinguishing and testing the importance of (alternative kinds and measures of) uncertainty on firms' fixed investment decisions for the Belgian economy, by applying the recent theories of investment under uncertainty and the real option approach (such as summarized e.g. in Dixit & Pindycki (1994) using a micro-economic panel data approach. As such, this research extends recent former research along these very lines executed by (members of) the proposed research team that focused on an aggregate macro-economic approach for 14 European countries, including Belgium, to firm-level analysis for the Belgian case.
- Promotor: Cassimon Danny
- Co-promotor: Engelen Peter-Jan
- Co-promotor: Meersman Hilde
- Co-promotor: Van Wouwe Martine
- Research Project