Theo Vermaelen
Professor of Finance. The UBS Chair in Investment Banking, endowed in honour of Henry Grunfeld at INSEAD Business School
Visiting Professor of Finance at Booth School of Business
Schools
- INSEAD Business School
- Booth School of Business
Expertise
Links
Biography
INSEAD Business School
Theo Vermaelen is a Professor of Finance and the UBS Chair in Investment Banking, endowed in honour of Henry Grunfeld, at INSEAD. He teaches in the MBA, PhD and Executive Education programmes and is an Academic Director of the Advanced International Corporate Finance programme. He is a graduate from the Department of Applied Economics at the Catholic University of Leuven (Commercial Engineer) and obtained his MBA and PhD in Finance from the Graduate School of Business, University of Chicago.
Professor Vermaelen has taught at the University of British Columbia, the Catholic University of Leuven, the London Business School, UCLA and the University of Chicago. He has published articles on corporate finance and investments in leading academic journals including the Journal of Finance, the Journal of Financial Economics, and the Journal of Banking and Finance. He serves as a co-editor of the Journal of Empirical Finance, an associate editor of the Journal of Corporate Finance and the European Financial Review, and an advisory editor of Teaching and Case Abstracts.
Professor Vermaelen is a consultant to various corporations and government agencies and a Programme Director of the Amsterdam Institute of Finance.
PUBLICATIONS
- CASE STUDIES - The KBC Buyback Fund: Beating the Market with Buybacks
- JOURNAL ARTICLES - Mimicking Repurchases - Journal of Financial Economics
- BOOKS - Share Repurchases - Now Publishers
- JOURNAL ARTICLES - The Many Facets of Privately Negotiated Share Repurchases - Journal of Financial Economics
- JOURNAL ARTICLES - Death Spiral Convertibles - Journal of Financial Economics
- JOURNAL ARTICLES - Post-IPO Capital Expenditures and Market Feedback - Journal of Banking and Finance
- CASE STUDIES - Log On America
- JOURNAL ARTICLES - Regulation, Taxes and Share Repurchases in the UK - Journal of Business
RESEARCH AREAS
Corporate Finance, Share Repurchase, Death Spirals, IPOs, Call Option Enhanced Reverse Convertible (COERC)
TEACHING AREAS
Corporate Financial Policy (MBA), Applied Corporate Finance (MBA), Corporate Financial Strategy (Executive Education)
Booth School of Business
Theo Vermaelen is UBS professor of Investment Banking in honor of Henry Grunfeld at INSEAD and visiting Professor of Finance at Chicago Booth.
Although he conducts research on a variety of topics in corporate finance such as mergers and acquisitions, CoCo bonds, floating priced convertibles, dividend policy and equity issues, he has mostly focused on share buybacks and has published more than 10 articles on the topic, including articles in leading academic journals such as the Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies_ and the _Journal of Financial and Quantitative Analysis. Based on his research insights he launched the first buyback fund in the world in 1998 in cooperation with KBC Bank. Since 2011 he is co-manager of the PV Buyback USA fund.
In addition to teaching at the University of Chicago and INSEAD, he also taught at the University of British Columbia, the Catholic University of Leuven and the London Business School. He is also program advisor at the Amsterdam Institute of Finance and co-editor of the Journal of Empirical Finance.
He is a member of the American Finance Association, the Western Finance Association and the European Finance Association.
Vermaelen earned an undergraduate degree as commercial engineer from Katholieke Universiteit Leuven in 1975 as well as an MBA in 1976 and a Ph.D. in 1980 from the University of Chicago.
Videos
Debate: Should MBAs sign an oath?
THE GREAT DEBATE ON CLIMATE CHANGE
INSEAD Professor Theo Vermaelen on maximising shareholder value
INSEAD's professor Theo Vermaele - Banking and Finance - Executive Media June 19, 2012
The Future of Finance Symposium: Theo Vermaelen (speaker)
Who should shoulder the cost of bank bailouts?
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