Wouter De Maeseneire obtained his PhD from Erasmus University Rotterdam. He has worked as Assistant Professor in Corporate Finance at Erasmus and as Visiting Professor at Vlerick Business School. Currently he is Associate Professor in Corporate Finance at Vlerick and Visiting Professor at Erasmus and Ghent University. He is also Programme Director of the Master in Financial Management after having held this role for the Master in General Management.
His work has been presented at several international conferences such as the Financial Management Association and Academy of Management Meeting, Babson Entrepreneurship Conference, Strategic Management Society, Real Options Conference and Midwest Finance Association.
Wouter has published in academic journals like Research Policy and the Journal of Business, Finance and Accounting. He has also contributed to various managerial books. Upon completion of his PhD he wrote a book on real options which presents a more accurate valuation methodology capable of capturing the value of management flexibility inherent in risky business projects.
He has been awarded Best Teacher Awards and won the 2012 EFMD Case Writing Competition, Banking & Finance Category, with his analysis of the ABInbev deal. His research interests include initial public offerings, valuation, real options, private equity and venture capital, mergers and acquisitions, capital structure and financial constraints.
Dai Y. Gryglewicz S. Smit H. De Maeseneire W. 2013. Similar bidders in takeover contests. Games and Economic Behavior, 82(November): 544-561.
De Maeseneire W. Brinkhuis S. 2012. What Drives Leverage in Leveraged Buyouts? An Analysis of European LBOs’ Capital Structure. Accounting and Finance, 52(October (supplement)): 155-182.
De Maeseneire W. Claeys T. 2011. SMEs, FDI and Financing Constraints. International Business Review,
Deloof M. De Maeseneire W. Inghelbrecht K. 2009. How do investment banks value Initial Public Offerings (IPOs)?. Journal of Business Finance and Accounting, 36(1-2): 130-160.
De Maeseneire W. Smit H. van den Berg W. 2005. Private equity: financiering met aanzienlijk risico. Finance & Control, 4(2)
De Maeseneire W. Smit H. van den Berg W. 2004. Private equity. Management Executive, 2(6): 1-6.
De Maeseneire W. forthcoming. Company Valuation. In: Haim L. Smit H. Corporate finance
Manigart S. De Maeseneire W. Wright M. Pruthi S. Lockett A. Bruining H. Hommel U. Landström H. 2008. How international are European venture capital firms?. In: Ed. Handbook of research on European Business and Entrepreneurship: Towards a theory of internationalisation (pp. 17-28). Edward Elgar Publishing.
De Maeseneire W. Keuleneer L. 2003. Discounted cash flow, adjusted present value, decision tree analysis and real options. In: Handboek Management Accounting Wolters Kluwer België-.
De Maeseneire W. Keuleneer L. Vermeiren N. 2003. Waardering en overdracht van het Midden- en Kleinbedrijf. In: Risseeuw P. Thurik R. Handboek Ondernemers en Adviseurs: Management en Economie van het Midden- en Kleinbedrijf Wolters Kluwer België-.
De Maeseneire W. 2006. The real options approach to strategic capital budgetting and company valuation. Groep De Boeck.
De Maeseneire W. Smit H. van den Berg W. 2005. Acquisitions as a Real Options bidding game.
De Maeseneire W. 2005. Essays on firm valuation and value appropriation.
De Maeseneire W. Claeys T. 2006. De financieringsmogelijkheden en -moeilijkheden van internationaliserende KMO's in Vlaanderen. (42 p.)
De Maeseneire W. Maertens M. Deschepper T. 2013. Apple: time to think different about cash. ECCH Case Study. Reference no. 113-043-1 (C) + 113-043-8 (TN).
Devigne D. Van Daele E. De Maeseneire W. 2012. Autoparts: analysis and valuation of a distressed buy-out by a private equity investor - Case. ECCH Case Study. Reference no. 113-003-1 (C) + 113-003-8 (TN).
De Maeseneire W. 2011. How Dell's excellent working capital management results in outstanding financial performance. ECCH Case Study. Reference no. 112-001-1 (C) + 112-001-8 (TN).
Brinkhuis S. De Maeseneire W. 2009. What drives leverage in leveraged buyouts? An analysis of European LBOS' capital structure. 2009/31 (55p.).
De Maeseneire W. Van Halder R. 2008. Syndicating venture capital investments: an integrated benefit/cost framework and analysis. 2008
De Maeseneire W. Claeys T. 2007. SMES, FDI and financial constraints. 2007/25 (51p.).
De Maeseneire W. van den Berg W. Smit H. 2005. Acquisitions as a Real Options bidding game. 2005/05/290
De Maeseneire W. Verbrugge S. Colle D. Pickavet M. Demeester P. 2005. The options behind dark fiber or wavelength lease. 2005
De Maeseneire W. Smit H. 2005. The role of investor capabilities in public-to-private transactions. 2005/05/289
De Maeseneire W. van den Berg W. Smit H. 2004. Acquisitions as a Real Options bidding game. 2004/084/2
Deloof M. De Maeseneire W. Inghelbrecht K. 2002. The valuation of IPOs by underwritting investment banks and the stock market: empirical evidence. 2002/02/136
Wouter is a passionate and experienced teacher who truly enjoys explaining financial management principles by linking finance to business models and firm strategies.Wouter is an energetic and passionate professor whose lectures are full of real life examples that help students explore the exciting world of corporate finance. His classes are often centred around self-developed cases discussing the ABInbev deal, Wal Mart’s financial statements, Dell’s working capital management, Facebook’s IPO debacle and Apple’s cash position. Wouter is an expert in company valuation but also teaches topics like financial statement analysis, financial planning, working capital management, capital budgeting and M&A. He has taught extensively abroad namely in Russia, Thailand, China, Sweden, Ecuador, Germany, United Kingdom, Denmark and Switzerland. Wouter has been involved in customised programmes for corporations like AGC, Atlas Copco, Rabobank, Alpro, Pfizer, McCain, Bekaert, Siemens, Johnson Controls, Accenture, ABInbev, Toyota, Honda, Sun Microsystems and Hudson. He is Programme Director of the CFA-accredited Master in Financial Management at Vlerick Business School.
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