About
› Focus on the functioning, organisation and stability of capital markets and the interaction between markets, institutions and economic fundamentals;
› We conduct theoretical as well as empirical research on the financial decisions of (international) investors;
› We investigate the impacts of the actions of financial agents such as financial analysts, traders, regulators and credit rating agencies;
› We study different aspects of international financial markets, including hedging, dynamic exposure management and asset pricing.
Research topics
› International portfolio allocation;
› Market microstructure;
› Behavioral finance;
› Credit rating processes and credit rating agencies;
› Asset pricing;
› Exchange rates and hedging;
› Regulation and supervision.
Meet the experts
De Moor Sercu Smedts Van Campenhout Van Pée Wuyts
Key papers
› Degryse, H., Lambert, T. & Schwienbacher, A. (2018). Subjectivity in sovereign credit ratings. The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries. Economic Journal.
› De Moor, L., Luitel, P, Sercu P. & Vanpée, R. (2018). Subjectivity in sovereign credit ratings. Journal of Banking and Finance.
› Cooper, I.A., Sercu, P. & Vanpée, R. (2017). A measure of pure home bias. Review of Finance.
› Van Campenhout, G. & Vanpée, R. (2016). My global bond portfolio is not yours: the effect of home bias on European- and US-managed convertible bond fund exposures. The European Journal of Finance.
› Boudt, K., Liu, F. & Sercu, P. (2016). Exporters' exposures to currencies: Beyond the loglinear model. Review of Finance.
› Bosquet, K., De Goeij, P. & Smedts, K. (2015). Analysts' earnings forecasts: Coexistence and dynamics of overconfidence and strategic incentives. Accounting and Business Research.
› De Moor, L. & Sercu, P. (2015). The Smallest Stocks Are Not Just Smaller: Global Evidence. The European Journal of Finance.
› Liu, F., Sercu, P. & Vandebroek, M. (2015). Orthogonalized regressors and spurious precision, with an application to currency exposures. Journal of International Money and Finance.
› De Moor, L., Dhaene, G. & Sercu, P. (2015). On comparing zero-alpha tests across multifactor asset pricing models. Journal of Banking & Finance.
› Bosquet, K., de Goeij, P. & Smedts, K. (2014). Gender heterogeneity in the sell-side analyst recommendation issuing process. Finance Research Letters.
› Wuyts, G. 2012. The impact of aggressive orders in an order-driven market: A simulation approach. The European Journal of Finance.
› Degryse, H., Vanachter, M. & Wuyts, G. (2009). Dynamic order submission strategies with competition between a dealer market and a crossing network. Journal of financial economics.
› Sercu, P. & Vanpée, R. (2008). Estimating the costs of international equity investments. Review of Finance.
› Degryse, H., Van Achter, M. & Wuyts, G. (2006). Crossing networks: Competition and design. Competition and Regulation in Network Industries.
› Degryse, H., De Jong, F., Van Ravenswaaij, M. & Wuyts, G. (2005). Aggressive orders and the resiliency of a limit order market. Review of Finance.
About
› Focus on the functioning, organisation and stability of capital markets and the interaction between markets, institutions and economic fundamentals;
› We conduct theoretical as well as empirical research on the financial decisions of (international) investors;
› We investigate the impacts of the actions of financial agents such as financial analysts, traders, regulators and credit rating agencies;
› We study different aspects of international financial markets, including hedging, dynamic exposure management and asset pricing.
Research topics
› International portfolio allocation;
› Market microstructure;
› Behavioral finance;
› Credit rating processes and credit rating agencies;
› Asset pricing;
› Exchange rates and hedging;
› Regulation and supervision.
Key papers
› Degryse H., De Jong F., Van Ravenswaaij M., Wuyts G. 2005. Aggressive orders and the resiliency of a limit order market. Review of Finance.
› Degryse H., Van Achter M., Wuyts G. 2006. Crossing networks: Competition and design. Competition and Regulation in Network Industries.
› Sercu P., Vanpée R. 2008. Estimating the costs of international equity investments. Review of Finance.
› Degryse H., Vanachter M., Wuyts G. 2009. Dynamic order submission strategies with competition between a dealer market and a crossing network. Journal of financial economics.
› Wuyts G. 2012. The impact of aggressive orders in an order-driven market: A simulation approach. The European Journal of Finance.
› Bosquet K., de Goeij P., Smedts K. 2014. Gender heterogeneity in the sell-side analyst recommendation issuing process. Finance Research Letters.
› De Moor L., Dhaene G., Sercu P. 2015. On comparing zero-alpha tests across multifactor asset pricing models. Journal of Banking & Finance.
› Liu F., Sercu P., Vandebroek M. 2015. Orthogonalized regressors and spurious precision, with an application to currency exposures. Journal of International Money and Finance.
› De Moor L., Sercu P. 2015. The Smallest Stocks Are Not Just Smaller: Global Evidence. The European Journal of Finance.
› Bosquet K., De Goeij P., Smedts K. 2015. Analysts' earnings forecasts: Coexistence and dynamics of overconfidence and strategic incentives. Accounting and Business Research.
› Boudt K., Liu F., Sercu P. 2016. Exporters' exposures to currencies: Beyond the loglinear model. Review of Finance.
› Van Campenhout G., Vanpée R. 2016. My global bond portfolio is not yours: the effect of home bias on European- and US-managed convertible bond fund exposures. The European Journal of Finance.
› Cooper, I.A., Sercu P., Vanpée R. 2017. A measure of pure home bias. Review of Finance.
› De Moor, L., Luitel, P, Sercu P., Vanpée R. 2018. Subjectivity in sovereign credit ratings. Journal of Banking and Finance.
Meet the experts
De Moor Sercu Smedts Van Campenhout Van Pée Wuyts