CURRICULUM VITAE Peter Roosenboom is a leading expert in entrepreneurial finance and private equity. He has been an invited speaker at influential conferences and seminars in the private equity industry and has advised the Dutch government on private equity and the financing of small and medium-sized enterprises (SMEs). His advice has been the cornerstone of several changes in government policy recently. He is also well-connected to the private equity industry at the European level as a member of the Independent Governing Body of the Private Equity Research Exchange Platform (PEREP; www.perepanalytics.eu) established by the European Venture Capital and Private Equity Association (EVCA). He is also a member of the Advisory Board of Equidam (www.equidam.com), a company specialized in the valuation of start-up businesses. Recently he has also been invited to join the Advisory Board of MKB Multifonds (www.mkbmultifonds.nl), a fund-of-funds investing in private equity funds targeted towards Dutch SMEs. His research is interdisciplinary in nature and has been published in finance, accounting and management journals. He is a member of the Editorial Board of the Journal of Banking & Finance and Multinational Finance Journal. His research has been widely covered in the print media and magazines. For his up to date list of publications see www.rsm.nl/proosenboom Personal information Name Peter Roosenboom Date of birth 09-09-1973 Nationality Dutch Phone (office) 010-4081255 Fax (office) 010-4089017 Email proosenboom@rsm.nl Academic positions Period Employer Job description September 2008-present RSM Erasmus University Endowed Professor December 2005-August 2008 RSM Erasmus University Associate Professor March 2002-December 2005 RSM Erasmus University Assistant Professor September 2000-September 2004 Amsterdam Graduate External lecturer Business School (University of Amsterdam) May 1998-March 2002 Tilburg University PhD Student and CentER for Economic 1
Research Degrees/certificates PhD degree (September 2002; University of Tilburg; supervisors: P. Moerland (currently CEO Rabobank) and R. Kabir (currently Professor Twente University) Didactics for teachers certificate (December 2000; University of Tilburg) Master degree (May 1998; University of Tilburg; cum laude) Master degree (March 1998; CentER for Economic Research; cum laude) PhD student supervision and membership of PhD committees Eden Zhang (first year) Teng Wang (third year, NWO Mosaic laureate) Olga Khalina (final year) Miriam Koning (final year) Manuel Vasconcelos (graduated 2012) Willem Schramade (graduated 2006; supervisor: A. de Jong) Tao Jiao (graduated 2009; supervisor: G. Mertens) Member of the PhD committee of: Marieke van der Poel (RSM, 2008), Thuy Thu Nguyen (RSM, 2008), Patrick Verwijmeren (RSM, 2008), Tao Jiang (RSM, 2009), Tom Vanacker (Ghent University, 2009), Erik Roelofsen (RSM, 2010), Ying Xu (RSM, 2010), Eric Duca (RSM, 2011), Mariska Douwens-Zonneveld (ESE, 2012), Dan Zhang (ESE, 2012), Xanthi Gkougkousi (RSM, 2012), Eiman Algharaballi (University of Southern Queensland, 2012). Simon Lansdorp (ESE, 2012), Michiel Wolfswinkel (RSM, 2013), Yijing Wang (RSM, 2013), Khurram Shahzad (RSM, 2013). Publications (75) A. Published and forthcoming papers in international journals (22): 1. Norden, L., Roosenboom, P.G.J. & Wang, T. (2013). The impact of government intervention in banks on corporate borrowers stock returns. Journal of Financial and Quantitative Analysis, forthcoming. 2. Fidrmuc, J.P., Palandri, A., Roosenboom, P.G.J. & van Dijk, D. (2013). Why do managers seek private equity backing in public-to-private transactions? Review of Finance, forthcoming. 3. Fidrmuc, J.P.,Paap, R., Roosenboom, P.G.J. & Teunissen, T. (2012). One size does not fit all: Selling firms to private equity versus strategic acquirers. Journal of Corporate Finance 18, 828-848. 2
4. Popov, A.P. & Roosenboom, P.G.J. (2012). Venture capital and patented innovation: Evidence from Europe, Economic Policy 27, 447-482. 5. Roosenboom, P.G.J. (2012). Valuing and pricing IPOs, Journal of Banking & Finance 36, 1653-1664. 6. de Jong, A., T. Marra, C. Huijgen & Roosenboom, P.G.J. (2012). Why do firms go public? Evidence of the role of product market competition, Journal of Business, Finance and Accounting 39, 165-192. 7. Jiao, T., Koning, M., Mertens, G. & Roosenboom, P.G.J. (2012). Mandatory IFRS adoption and its impact on analysts forecasts, International Review of Financial Analysis 21, 56-63. 8. Koning, M., Mertens, G. & Roosenboom, P.G.J. (2010). The impact of media attention on the use of alternative earnings measures, Abacus 46, 258-288. 9. Jong, de A., P.G.J. Roosenboom & Schramade, W. (2009). Who benefits from bond tender offers in Europe?, Journal of Multinational Financial Management 19, 355-369. 10. Roosenboom, P.G.J. & van Dijk, M.A. (2009). The market reaction to cross-listings: Does the destination market matter?, Journal of Banking & Finance 33, 1898-1908. 11. Roosenboom. P.G.J. (2007). How do underwriters value IPOs?: An empirical analysis of the French IPO market, Contemporary Accounting Research 24, 1217-1243. 12. D. DeJong, Jong, A. de, Mertens, G. & Roosenboom, P.G.J. (2007). Investor relations, reputational bonding, and corporate governance: The case of Royal Ahold, Journal of Accounting and Public Policy 26, 328-375. 13. Jong, A. de, Mertens, G. & Roosenboom, P.G.J. (2006). Shareholders voting at general meetings: Evidence from the Netherlands. Journal of Management & Governance 10, 353-380. 14. Jong, A. de, Roosenboom, P.G.J. & W. Schramade (2006). Bond underwriting fees and keiretsu affiliation in Japan. Pacific Basin-Finance Journal 14, 522-545. 15. Roosenboom, P.G.J., & van der Goot, L.R.T. (2006). Broad-based employee stock options grants and IPO firms, Applied Economics 38, 1343-1351. 16. Roosenboom, P.G.J., & Schramade, W.L.J. (2006). The price of power: valuing the controlling position of the owner-manager in French IPO firms. Journal of Corporate Finance 12, 275-290. 17. Roosenboom, P.G.J. (2005). Bargaining on board structure at the initial public offering. 3
Journal of Management & Governance 9, 171-198. 18. Roosenboom, P.G.J., & van der Goot, L.R.T. (2005). The effect of ownership and control on market valuation: Evidence from initial public offerings in the Netherlands. International Review of Financial Analysis 14, 43-59. 19. Kabir, R., & Roosenboom, P.G.J. (2003). Can the stock market anticipate future operating performance? Evidence from equity rights issues. Journal of Corporate Finance 9, 93-113. 20. Roosenboom, P.G.J., van der Goot, L.R.T., & Mertens, G.M.H. (2003). Earnings management and initial public offerings: Evidence from the Netherlands. The International Journal of Accounting 38, 243-266. 21. Roosenboom, P.G.J., & van der Goot, L.R.T. (2003). Takeover defences and IPO firm value in the Netherlands. European Financial Management 9, 485-511. 22. Herpen, E. van, Pieters, R., Fidrmucova J. & Roosenboom, P.G.J. (2000). The information content of magazine advertising in market and transition economies. Journal of Consumer Policy 23, 257-283. B. Books (3): 23. Roosenboom, P.G.J. (2009). On the Real Effects of Private Equity, ERIM Inaugural Address Series. 24. Giudici, G., & Roosenboom, P.G.J. (2004). The Rise and Fall of Europe's New Stock Markets. Advances in Financial Economics. Amsterdam: Elsevier JAI. 25. Roosenboom, P.G.J. (2002). Corporate Governance Mechanisms in IPO Firms, Tilburg: Thela Thesis. C. Published and forthcoming book chapters (19): 26. Jiao, T., Mertens, G.M.H. & Roosenboom, P.G.J. (2013). Industry valuation driven earnings management. In C. Wehn, C. Hoppe and G.N. Gregoriou (Eds.), Rethinking Valuation and Pricing Models: Lessons Learned from the Crisis and Future Challenges (pp. 177-190), Amsterdam: Elsevier. 27. Roosenboom,. P.G.J., & Bosch, B. van den. (2012). Syndicate partner selection: Who syndicates with whom? In D. Cumming (Ed.), The Oxford Handbook of Private Equity (pp. 199-218), New York: Oxford University Press. 4
28. Roosenboom, P.G.J. & Schramade, W. (2011). Does public debt discipline managers and controlling owners?: Evidence from bond IPOs. In K. John and A.K. Makhija (Eds.), Advances in Financial Economics (pp. 43-63), Bingley (UK): Emerald Group Publishing. 29. Jong, A. de, D. DeJong, Mertens, G. & Roosenboom, P.G.J. (2010). Royal Ahold: The role of corporate governance. In G. Aras and D. Crowther (Eds.), The Gower Handbook of Corporate Governance and Social Responsibility (pp. 595-619), Surrey: Gower Publishing. 30. Gkougkousi, X., & Roosenboom, P.G.J. (2010). The effect of monetary policy on stock prices: The subprime mortgage crisis. In G.N. Gregoriou (Ed.), The Banking Crisis Handbook (pp. 21-37), London: Taylor & Francis. 31. Niekerk, van E., Schramade, W.L.J., & Roosenboom, P.G.J. (2009). Emerging market firms and bonding benefits. In G.N. Gregoriou (Ed.), Emerging Markets: Performance, Analysis and Innovation (pp. 675-692), London: Taylor & Francis. 32. Fidrmuc, J., Roosenboom, P.G.J. & D. Van Dijk (2007). Private-equity fondsen en publiek-naar-privaat transacties. In A.W.A. Boot (Ed.), Topics in Corporate Finance: Private Equity en Aandeelhoudersactivisme (pp. 39-56), Amsterdam: Amsterdam Center for Corporate Finance. 33. Roosenboom, P.G.J. & Schramade, W. (2007). Reverse mergers in the UK: Listed targets and private acquirers. In G.N. Gregoriou and L. Renneboog (Ed.), International Mergers and Acquisitions Activity since 1990: Recent Research and Quantitative Analysis (pp. 181-194), Amsterdam: Elsevier. 34. Giudici, G., & Roosenboom, P.G.J. (2006). IPO initial returns on European new markets. In G.N. Gregoriou (Ed.), Initial Public Offerings: An International Perspective (pp. 113-128), Amsterdam: Elsevier. 35. Roosenboom, P.G.J., van der Goot, L.R.T., & Mertens, G.M.H. (2006). What is the use of stock options at the time of the Initial Public Offering? In L. Renneboog (Ed.), Advances in Corporate Finance and Asset Pricing (pp. 277-292), Amsterdam: Elsevier.. 36. Giudici, G., & Roosenboom, P.G.J. (2004). The long-term performance of initial public offerings on Europe's new stock markets. In G. Giudici & P.G.J. Roosenboom (Eds.), The Rise and Fall of Europe's New Stock Markets (pp. 329-354) Amsterdam: Elsevier JAI. 37. Botman, M., Roosenboom, P.G.J., & van der Goot, L.R.T. (2004). Valuing Internet stocks at the initial public offering. In G. Giudici & P.G.J. Roosenboom (Eds.), The Rise and Fall of Europe's New Stock Markets (pp. 131-156) Amsterdam: Elsevier JAI. 38. Roosenboom, P.G.J. (2004). Managerial incentives at the initial public offering: An 5
empirical analysis of the Alternative Investment Market. In G. Giudici & P.G.J. Roosenboom (Eds.), The Rise and Fall of Europe's New Stock Markets (pp. 81-112) Amsterdam: Elsevier JAI. 39. Giudici, G., & Roosenboom, P.G.J. (2004). Pricing initial public offerings on Europe's new stock markets. In G. Giudici & P.G.J. Roosenboom (Eds.), The Rise and Fall of Europe's New Stock Markets (pp. 25-60) Amsterdam: Elsevier JAI. 40. Giudici, G., & Roosenboom, P.G.J. (2004). Venture capital and new stock markets in Europe. In G. Giudici & P.G.J. Roosenboom (Eds.), The Rise and Fall of Europe's New Stock Markets (pp. 1-24) Amsterdam: Elsevier JAI. 41. Jong, A. de, Mertens, G.M.H., & Roosenboom, P.G.J. (2004). Weinig aandeelhouders houden serieus toezicht. In Jaarboek 2003/2004 (pp. 107-113) Amsterdam: Koninklijke Vereniging voor de Staathuishoudkunde. 42. Guidici, G., & Roosenboom, P.G.J. (2004). Nuovo quatazioni e offerte pubbliche sui "Nuovi Mercati" europei. In G. Giudici (Ed.), I Nuovi Mercati in Europa (pp. 31-78) Napoli: Foxwell & Davies Italia. 43. Knauff, P., Roosenboom, P.G.J., & van der Goot, L.R.T. (2003). Is accounting information relevant to valuing European Internet IPOs? In I. Hasan & A. Ginsberg (Eds.), New Venture Investment: Choices and Consequences (pp. 257-280) Amsterdam: Elsevier. 44. Duffhues, P., Kabir, R., Mertens, G.M.H., & Roosenboom, P.G.J. (2002). Employee stock option grants and firm performance in the Netherlands. In J.A. McCahery, P. Moerland, T. Raaijmakers & L. Renneboog (Eds.), Corporate Governance Regimes: Convergence and Diversity (pp. 668-678) New York: Oxford University Press. D. Published and forthcoming papers in domestic journals (15): 45. Fidrmuc, J., Roosenboom, P.G.J. & D. Van Dijk (2007). Private-equity fondsen en publiek-naar-privaat transacties. Maandblad voor Accountancy en Bedrijfseconomie 81, 323-334. 46. De Jong, A., Mertens, G.M.H. & P.G.J. Roosenboom (2006). Aandeelhoudersvergaderingen trends en observaties. Goed Bestuur 2, 19-24. 47. De Jong, A., Mertens, G.M.H. & P.G.J. Roosenboom (2006). De rol van aandeelhouders na Tabaksblat, Maandblad voor Accountancy en Bedrijfseconomie 80, 232-248. 48. Jong, A. de, Mertens, G.M.H., & Roosenboom, P.G.J. (2005). Hoe actief zijn aandeelhouders in Nederland?, Maandblad voor Accountancy en Bedrijfseconomie 79, 97-107. 6
49. Brounen, D., Roosenboom, P.G.J., & Bemer, W. (2004). Voetbalaandelen: Emotie aan de beurs? Economisch-Statistische Berichten 89, 347-348. 50. Hooghiemstra, R.B.H., Jong, A. de, Mertens, G.M.H., & Roosenboom, P.G.J. (2004). Bedrijven op goede weg met code-tabaksblat. Economisch-Statistische Berichten 89, 502-504. 51. Duffhues, P., Kabir, R., Mertens, G.M.H., & Roosenboom, P.G.J. (2003). De relatie tussen personeelsoptieregelingen en de financiele prestaties van Nederlandse beursvennootschappen. Bedrijfskunde 75, 42-49. 52. Jong, A. de, & Roosenboom, P.G.J. (2003). De achilleshiel van Tabaksblat. Economisch- Statistische Berichten 88, 392-393. 53. Jong, A. de, Mertens, G.M.H., & Roosenboom, P.G.J. (2003). Weinig aandeelhouders houden serieus toezicht. Economisch-Statistische Berichten 88, 532-534. 54. Jong, A. de, & Roosenboom, P.G.J. (2002). De balans na vijf jaar Peters. Economisch- Statistische Berichten 87, 924-927. 55. Roosenboom, P.G.J. & van der Goot, L.R.T. (2002). Valuing IPOs: The corporate governance dimension. Tijdschrift voor Corporate Finance 7, 38-58. 56. Goot, L.R.T. van der & Roosenboom, P.G.J. (2001). De relatie tussen de waardering van beursintroducties en enkele kenmerken van corporate governance, Risico & Rendement, afl. 32, september. 57. Roosenboom, P.G.J., Goriaev, A.P., & Van den Beemt, A. (2001). Aandeleninkoop nog niet gewaardeerd. Economisch-Statistische Berichten 86, 184-185. 58. Roosenboom, P.G.J., & van der Goot, L.R.T. (2001). Corporate governance en de waardering van beursintroducties. Maandblad voor Accountancy en Bedrijfseconomie 75, 91-102. 59. Roosenboom, P.G.J., Mertens, G.M.H., & van der Goot, L.R.T. (2000). Winststuring en aandelenrendementen. Economisch-Statistische Berichten 85, 133-135. E. Published and forthcoming professional publications (16): 60. Roosenboom, P.G.J. (2013). Private equity and public-to-private transactions. RSM Insight 13, 21-22. 61. de Jong, A., T. Marra, C. Huijgen & Roosenboom, P.G.J. (2012). Why do firms go public? RSM Insight 9, 18-19. 7
62. Roosenboom, P.G.J. (2011). Literatuurstudie Durfkapitaal. Amsterdam: Nederlandse Vereniging van Participatiemaatschappijen (NVP). 63. Roosenboom, P.G.J. (2011). Wie durft? Management Scope, november(11), 6-8. 64. Roosenboom, P.G.J. & Duffhues, P.J.W. (2011). Ondernemingsfinanciering nu en in de toekomst. Den Haag: Ministerie van Economische Zaken, Landbouw en Innovatie. 65. Roosenboom, P.G.J. (2010). Kapitaal hoort schaars te zijn. Management Scope, november(11), 7-9. 66. Roosenboom, P.G.J. (2009). Private Equity onder vuur. Fusie en Overname, december(10), 30-32. 67. Roosenboom, P.G.J. (2008). Participatiekapitaal en schuldfinanciering. Management Scope, oktober(10). 68. Jong, A. de, Roosenboom, P.G.J., Verbeek, M.J.C.M. & Verwijmeren, P. (2007). Hedgefondsen en private equity in Nederland. Den Haag: Ministerie van Financien. 69. Donker, H., Hooghiemstra, R.B.H., Jong, A. de, Mertens, G.M.H. & Roosenboom, P.G.J. (2004). Corporate governance in Nederland 2004: De opvolging van de code geïnventariseerd. Amsterdam: NCGS/NICG. 70. Guidici, G. & Roosenboom, P.G.J. (2004). Nuovo quatazioni e offerte pubbliche sui "Nuovi Mercati" europei. In G. Giudici (Ed.), I Nuovi Mercati in Europa (pp. 31-78). Napoli: Foxwell & Davies Italia. 71. de Jong, A., Mertens, G.M.H. & Roosenboom, P.G.J. (2004). Weinig aandeelhouders houden serieus toezicht. In Jaarboek 2003/2004 (pp. 107-113). Amsterdam: Koninklijke Vereniging voor de Staathuishoudkunde. 72. Jong, A. de, Mertens, G.M.H. & Roosenboom, P.G.J. (2003). Aandeelhoudersvergaderingen in Nederland 1998-2002. Rotterdam: Erasmus. 73. Jong, A. de & Roosenboom, P.G.J. (2002). Inventarisatie corporate governance bij Nederlandse beursondernemingen. In Corporate governance in Nederland 2002: De stand van zaken. Nederlandse Corporate Governance Stichting. 74. Roosenboom, P.G.J. & van der Goot, L.R.T. (2002). Valuing IPOs: The corporate governance dimension. Tijdschrift voor Corporate Finance, 7, 38-59. 75. Mertens, G.M.H., Roosenboom, P.G.J. & van der Goot, L.R.T. (2000). Earnings management and initial public offerings: Evidence from the Netherlands. Tijdschrift voor Corporate Finance, 5, 6-28. Editorial positions and refereeing 1. Associate Editor at the Journal of Banking & Finance and Multinational Finance Journal 8
2. Member Voorselectie- en beoordelingscommissie NWO Onderzoekstalent 2012 voor Economie en Bedrijfskunde 3. Ad-hoc refereeing for Journal of Banking & Finance, Journal of Economics & Business, Journal of Business, Finance and Accounting, Small Business Economics, European Financial Management Journal, Journal of Business Research, Israel Science Foundation (ISF), Asia Pacific Management Review, Journal of Empirical Finance, Journal of International Money and Finance, Journal of Multinational Financial Management, Journal of Business Venturing, Journal of Comparative Economics, Journal of Economic Behavior & Organization, Canadian Journal of Administrative Sciences, Revue Finance, International Review of Economics & Finance, Fonds Wetenschappelijk Onderzoek Vlaanderen (FWO). Papers accepted at international conferences (34) 1. Economic Policy 54 th Panel Meeting, 2011, Warsaw 2. European Finance Association Meeting 2011, Stockholm 3. International Finance and Banking Society (IFABS) conference, 2011, Rome (2 papers) 4. Banking Workshop 2011, University of Münster 5. Corporate Finance Day 2011, SKEMA Business School, Lille 6. FMA Conference, 2010, New York (semi-finalist best paper in corporate finance) 7. SEARL Conference on Entrepreneurship, 2010, Northwestern University 8. FMA European Conference, 2010, Hamburg (2 papers) 9. EFM Symposium Entrepreneurial Finance & Venture Capital Markets, 2010, Montreal 10. European Accounting Association Meeting 2009, Tampere, Finland 11. Midwest Finance Association Meeting 2009, Chicago 12. FMA European Conference 2009, Turin 13. Seminar Federal Reserve Bank of Chicago 2009, Chicago. 14. International Trade and Finance Association Conference 2008, Lisbon. 15. RICAFE2 third Conference 2008, Amsterdam. 16. Symposium on Finance, Banking and Insurance 2008, Karlsruhe. 17. Southern Finance Association Meeting 2008, Key West. 18. European Finance Association Meeting 2008, Athens (2 papers) 19. European Central Bank Conference on Asset Management, Private Equity Firms and International Capital Flows: Their Role for Financial Integration and Efficiency, 2007, Dublin 20. European Accounting Association (EAA), 2007, Lisbon. 21. European Financial Management Association Meeting, 2007, Vienna. 22. Northern Finance Association, 2006, Toronto 23. Contemporary Accounting Research Conference (CAR), 2006, Toronto 24. Northern Finance Association Meeting (NFA), 2005, Vancouver 25. Eastern Finance Association Meeting (EFA), 2004, Mystic, Connecticut 26. Southern Finance Association Meeting (SFA), 2003, Charleston, South Carolina 27. Tor Vergata International Conference on Banking and Finance, 2003, Rome 28. European Financial Management Association Meeting, 2002, London 9
29. Southern Finance Association Meeting (SFA), 2001, Destin, Florida 30. European Financial Management Association Meeting (EFMA), 2001, Lugano 31. American Accounting Association Meeting (AAA), 2000, Philadelphia, Pennsylvania 32. ABN Amro International Conference on IPOs, 2000, Amsterdam 33. European Finance Association Meeting (EFA), 1999, Helsinki 34. German Finance Association Meeting, 1999, Aachen Invited talks at companies/professional conferences (11) 1. 2012: Jury member Third European Private Equity Case Competition organized by RSM Erasmus University 2. 2012: Erasmus Collegereeks voor Ondernemers organized by HOPE (April 12) together with Floris van Alkemade (Solid Ventures), John Kummel (Parkgraaf Participaties) and Keith Wallace (De Investeerdersclub). 3. 2011: Panelist seminar Waardecreatie door Kennis en Kapitaal (1 November) organized by the Dutch Private Equity Association (Nederlandse Vereniging van Participatiemaatschappijen) together with Louwrens Dijkstra (Hyva) and Jan Willem Baud (NPM Capital). 4. 2011: Journeys with Erasmus (22 September) organized by RSM Erasmus University together with Hans van Ierland (Holland Private Equity) and Thomas Maurel (Valery Capital). 5. 2011: Round table discussion organized by Nederlands Pensioen en Beleggingsnieuws (NPN) (25 September) (zie http://www.npn-online.com/npn/rondetafels/de-kunst-is-hetselecteren-van-de-juiste-managers) together with Ton Heijnen (FNV Bouw), Eric Huizing (Ahold Pensioenfonds), Marc van der Maale (Delta Lloyd Asset Management), Marc van Heel (Goldman Sachs) and Nick van Wensen (SPF Beheer) 6. 2010: Panelist Benelux M&A and Private Equity Forum (29 September) organized by MergerMarket together with Frederik van Beuningen (Teslin Capital Management), Marco Wulff (Capital Dynamics), Elvire Perrin (Altius Associates), Jelle Beenen (Mercer) 7. 2010: Presentation on entrepreneurial finance at event organized by BNR Nieuwsradio 8. 2010: Presentation on entrepreneurial finance at symposium at TU Eindhoven 9. 2009: Invited talk at private equity fund AXA Private Equity 10. 2009: Panelist at the lustrum seminar of the Dutch Private Equity Association (Nederlandse Vereniging van Participatiemaatschappijen) 11. 2008: Invited talk at private equity fund Halder Investments (now GIMV) 12. 2008: Invited talk at trade union CNV Applied research (6) 1. Roosenboom, P.G.J. & Duffhues, P.J.W. (2011). Ondernemingsfinanciering nu en in de toekomst. Position paper commissioned by the Dutch Ministry of Economic Affairs, Agriculture and Innovation. This paper been the cornerstone of the final report of the Committee de Swaan advising the Dutch government on corporate finance policy. The report has been covered in the media (a.o., Nieuwsuur (TV news program); "Financiering Starters Stuit op Structurele Problemen", Het Financieele Dagblad, 21 juni 2011). It has 10
also setup of the Hollands Glorie Master Fund (HGMF) that will be listed on NYSE Euronext in 2011/2012 ("Hollands glorie", De Telegraaf, 6 juli 2011). The fund will attract money from public investors and provide financing to small and medium sized enterprises. The report also lead to a reduction in the registration fee that firms need to pay to the Chambers of Commerce by 10% ("Heffingen KvK volgend jaar 10 procent omlaag", De Telegraaf, 29 juni 2011). The report was presented to Dutch Parliament (Tweede Kamer). 2. Jong, A. de, Roosenboom, P.G.J. and M. Verbeek (2007). Private equity and Hedge fondsen in Nederland. Report commissioned by the Dutch Ministry of Finance. The report was presented to Dutch Parliament (Tweede Kamer). 3. Jong, A. de, Mertens, G.M.H., & Roosenboom, P.G.J. (2005). Aandeelhoudersvergaderingen en de Code Tabaksblat. Report commissioned by the Monitoring Committee under chairmanship of Jean Frijns. 4. Jong, A. de, Mertens, G.M.H., Hooghiemstra, R. & Roosenboom, P.G.J. (2004). Corporate Governance in Nederland in 2004. Report commissioned by the Nederlandse Corporate Stichting and the Netherlands Institute for Corporate Governance. 5. Jong, A. de, Mertens, G.M.H., & Roosenboom, P.G.J. (2003). Aandeelhoudersvergaderingen in Nederland 1998-2002. Rotterdam: Erasmus. Report commissioned by the Dutch Ministry of Finance. The report was presented to the Minister of Finance. The study was presented to Dutch Parliament (Tweede Kamer). 6. Jong, A. de, & Roosenboom, P.G.J. (2002). Inventarisatie corporate governance bij Nederlandse beursondernemingen. In Corporate governance in Nederland 2002: De stand van zaken Report commissioned by the Nederlandse Corporate Governance Stichting. The report was presented to the Minister of Finance. Media coverage (93): 1. Ondernemers creatiever op zoek naar financiering, maart 2012, Bijlage De Telegraaf (De groeiende organisatie: Investeer in de toekomst). 2. Permira sifts for bargains even in Europe s periphery, 20 februari 2012, Dealbook/NY Times (http://dealbook.nytimes.com). 3. Timing is belangrijk in private equity markt, Financial Investigator, nummer 1, februari 2012. 4. Wie durft?, Management Scope, 30 november 2011. 5. De kunst is het selecteren van de juiste managers, Nederlands Pensioen & Beleggingsnieuws (NPN), 5 september 2011. 6. "Heffingen KvK volgend jaar 10 procent omlaag", De Telegraaf, 29 juni 2011 7. "Hollands glorie", De Telegraaf, 6 juli 2011 8. Kapitaal hoort schaars te zijn, Management Scope, 14 december 2010. Zie http://managementscope.nl/scopist/1-bedrijven/kapitaal-hoort-schaars 11
9. Angst voor private equity is ongegrond, Trouw, 7 juni 2010. 10. Private equity in kinderopvangland?, www.z24.nl, 3 juni 2010. 11. Grote opkoopfondsen gaan hun bedrijven naar de beurs brengen, Volkskrant, 28 april 2010. 12. Ridders te voet, QUOTE, april 2010. 13. Goed risicobeheer ook noodzaak in private equity sector, Zanders Magazine: Treasury and Finance Solutions, nummer 4, 2009. 14. Toppers doorstaan de storm, Nederlands Pensioen & Beleggingsnieuws (NPN), 28 december 2009. 15. Private Equity onder vuur, Fusies & Overnames, 10 december 2009. 16. Maagpijn voor de durfkapitalist, Telegraaf, 22 november 2009. 17. Oranjegevoel kleurt beeld opkoopfondsen, Volkskrant, 10 september 2009. 18. Private equity geen sprinkhanenplaag, Nederlands Dagblad, 5 september 2009. 19. Twijfels over noodzaak om PCM te verkopen, Volkskrant, 20 februari 2009. 20. Toch maar private equity?; Kleine beleggers zoeken soelaas buiten de beurs. Participatiemaatschappijen oogsten kritiek en rendement, Financiële Telegraaf, 19 oktober 2008. 21. Schulden: ooit een zegen, nu een last, Volkskrant, 25 oktober 2008. 22. Participatiekapitaal en schuldfinanciering, Management Scope, 3 oktober 2008. Zie http://managementscope.nl/opinie/participatiekapitaal-en-schuldfinanciering 23. Northern Rock zoekt snel nieuwe eigenaar, De Dag, 6 december 2007. 24. Uitverkoop van BV Holland? De wetten in overnameland, De Dag, 21 november 2007. 25. Sprinkhanen spelen meestal positieve rol, Het Financieele Dagblad, 1 november 2007. 26. Durfkapitalist is zelden sprinkhaan, Leeuwarder Courant, 1 november, 2007. 27. Finance chiefs bemoan CEO optimism, Financial Times, 8 maart, 2007 28. Durfkapitaal, hoe zit dat?, Metro, 3 augustus, 2006 29. Nederlandse financieel directeuren zien het zonnig in, Het Financieele Dagblad, June 2005 30. CFO s zwemmen tegen de stroom in, De Telegraaf, June 16, 2005 31. CFO s optimistisch over economie, NRC Handelsblad, April 23, 2005 32. Consumenten kopen alsmaar minder, Het Financieele Dagblad, April 23, 2005 33. Bazen optimistich over groei, Algemeen Dagblad, April 23, 2005 34. CFO s optimistisch over groei economie, BN/De Stem, April 23, 2005 35. Financieel directeuren optimistisch, Provinciale Zeeuwse Courant, April 23, 2005 36. RSM: Directeuren zijn optimistisch, Rotterdams Dagblad, April 23, 2005 37. Optimisme over groei economie, Goudsche Courant, April 23, 2005 38. Optimisme over economie, Haagsche Courant, April 23, 2005 39. Regels Tabaksblat blijven vooral voor klein bedrijf lastig, Provinciale Zeeuwse Courant, October 7, 2004 40. Bedrijven positief over nieuwe gedragsregels, Algemeen Dagblad, October 6, 2004. 41. Bedrijven druk in de wer met corporate governance, De Telegraaf, October 6, 2004 42. Tabaksblat leidt tot opzeggen contract, Het Financieele Dagblad, October 6, 2004 43. Tabaksblat lijkt aan te slaan, Dagblad de Limburger, October 6, 2004 44. Tabaksblat tevreden over naleving, De Gelderlander, October 6, 2004 45. Code Tabaksblat lijk aan te slaan, BN/De Stem, October 6, 2004 12
46. Beloning topmensen blijft vaak nog onduidelijk, De Gooi- en Eemlander, October 6, 2004 47. Code Tabaksblat lijkt aan te slaan, Leeuwarder Courant, October 6, 2004 48. Beloning voor top vaak onduidelijk, Noordhollands Dagblad, October 6, 2004 49. Brede steun Code-Tabaksblat, Amersfoortse Courant, October 6, 2004 50. Bedrijven positief over nieuwe gedragsregels, De Dordtenaar, October 6, 2004 51. Code-Tabaksblat goed ingevoerd, Friesch Dagblad, October 6, 2004 52. Beloning topmensen blijft vaak nog onduidelijk, Haarlems Dagblad, October 6, 2004 53. Tababsblat lijkt aan te slaan, Limburgs Dagblad, October 6, 2004 54. Code van Tabaksblat lijkt aan te slaan, Nederlands Dagblad, October 6, 2004 55. Bedrijven omarmen gedragscode van Tabaksblat, Provinciale Zeeuwse Courant, October 6, 2004 56. Tabaksblat tevreden over invoering van gedragscode, Dagblad van het Noorden, 6 October, 2004 57. Informatie over beloning topmannen in bedrijfsleven nog vaak onduidelijk, Rotterdams Dagblad, October 6, 2004 58. Tabaksblat prijst bedrijfsleven, Cobouw, October 6, 2004 59. Code-Tabaksblat aangeslagen, Metro, October 6, 2004 60. Bedrijven omarmen Tabaksblat, De Volkskrant, October 6, 2004 61. Code Tabaksblat slaat aan bij bedrijven, Trouw, October 6, 2004 62. Code-Tabaksblat goed nageleefd, Nederlandse Staatscourant, October 5, 2004. 63. Kwart van bedrijven beheerst risico s, NRC Handelsblad, October 5, 2004 64. Code Tabaksblat lijkt aan te slaan, Goudsche Courant, October 5, 2004 65. Bedrijven op schema met invoer code-tabaksblat, Reformatorisch Dagblad, October 5, 2004 66. Code Tabaksblat slaat aan, Rotterdams Dagblad, October 5, 2004 67. Braaf, Elsevier Weekblad, October 2, 2004 68. Code Tabaksblat lijkt te werken, FEM Business, October 2004 69. Bij Ahold werkt niemand meer in eenzaamheid, Het Financieele Dagblad, September 21, 2004 70. Gevecht Schuitema Ahold begint pas, Het Financieele Dagblad, September 20, 2004. 71. Huphup voetbalaandelen: Beleggen met verstand, Elsevier Weekblad, September 2004 72. Alleen stemmen als klanten willen, Het Financieele Dagblad, August 3, 2004 73. Beleggers die willen winnen moeten voetbalclubs mijden, Haagsche Courant, July 24, 2004 74. Ajax-aandeel doet het best aardig, Het Parool, July 24, 2004. 75. Beleg niet in voetbal, BN/De Stem, July 24, 2004 76. Taakverdeling stimuleert opkomst, Het Financieele Dagblad, June 1, 2004 77. Aandeelhoudersvergaderingen in Nederland, FSR forum, February 2004 78. Blijven aandeelhouders passief?, ELAN, February 2004 79. Aandeelhouder, Nederlandse Staatscourant, November 13, 2003 80. Invloed aandeelhouder nog steeds zwak, Cobouw, November 6, 2003 81. Gezocht: Actieve aandeelhouders, Effect, number 24, November 2003 82. Fondsen blijken slechte aandeelhouders, Het Parool, November 4, 2003 13
83. Beleggers niet betrokken bij beleid bedrijf, Het Financieele Dagblad, November 4, 2003 84. Aandeelhouders blijven weg, Volkskrant, November 4, 2003 85. Code-Tabaksblat laat veel bedrijven Siberisch koud, De Telegraaf, November 4, 2003 86. Wie denkt Anders Moberg wel dat hij is?, Nieuwe Revu, November 2003 87. In maatpak de barricaden op voor een topsalaris, Algemeen Dagblad, August 22, 2003 88. Nutteloze belangenconflicten, NRC Handelsblad, March 2, 2001 89. Wetenschappers willen alles weten van beursgangen, Het Financieele Dagblad, July 4, 2000 90. Beursdebutant heeft relatief laag rendement, Het Financieele Dagblad, October 29, 1999 91. Beursgangers manipuleren winstcijfers, Volkskrant, October 29, 1999 92. De beurs heeft goed toezicht nodig, NRC Handelsblad, October 29, 1999 93. Boekhoudmethode cruciaal voor succes beursdebutant, De Telegraaf, October 29, 1999 Teaching Course Years University Entrepreneurial Finance & Private Equity (master elective; 100 students) 2005/2012 RSM Erasmus University, MScFI program Entrepreneurial Finance (bachelor elective; 30 students) 2007/2012 RSM Erasmus University, BSc program Ethics & Corporate Governance (master core course, 300 students) 2010/2012 RSM Erasmus University, MScFI program Empirical Corporate Finance (Mphil- PhD course, 5 students) 2006/2012 RSM Erasmus University, MPhil-PhD program Deutsche Telekom (Executive Education, module, J-building, 35 2012 RSM Erasmus University, Executive Education participants) Venture Capital & Private Equity 2012 RSM Erasmus University, (elective, MFM, 10 participants) Certified Wealth Management Association (CWMA) Program (1 lecture, J-building, 20 participants) Corporate Finance B (master core course; 200 students) Research project: International Finance (bachelor-year 3; bachelor thesis; 25 students) Corporate Finance (bachelor-year 3; workshops; 3 groups of 30 students) International Financial Markets (master core course; 160 students) Research project: Financiering van de Onderneming (bachelor-year 3; MFM program 2011 RSM Erasmus University, CWMA program 2005/2008 RSM Erasmus University, MScFI program 2003/2005 RSM Erasmus University, BSc program 2003/2004 RSM Erasmus University, BSc program 2002/2004 RSM Erasmus University, MSc program 2002/2004 RSM Erasmus University, BSc program 14
bachelor thesis; 25 students) International Corporate Finance (bachelor-year 3; bachelor elective; 30 students) Capita Selecta Corporate Finance (bachelor-year 3; workshops; 3 groups of 15 students) Cases in Corporate Finance (bachelor-year 3; workshops; 17 groups of 4 students) Investment & Portfolio Theory (master elective; 20 students) Advanced Corporate Finance (master elective; 20 students) Corporate Finance 1 (bachelor-year 2; workshops; 3 groups of 40 students) Corporate Finance HBO (bacheloryear 3; 1 group of 120 students) Academic Skills (bachelor-year 3; bachelor thesis; 20 students) 2002/2003 RSM Erasmus University, BSc program 2002/2003 RSM Erasmus University, BSc program 2002/2003 RSM Erasmus University, BSc program 2000/2003 Amsterdam Graduate Business School (University of Amsterdam), MSc program 2003/2004 Amsterdam Graduate Business School (University of Amsterdam), MSc program 1998/2002 University of Tilburg, BSc program 2001/2002 University of Tilburg, BSc program 1999/2000 University of Tilburg, BSc program Administration and side positions 1. Member of Management Team, Department of Finance, RSM Erasmus University (2010- current) 2. Treasurer, Department of Finance, RSM Erasmus University (2010-current) 3. Vice-chairman, Department of Finance, RSM Erasmus University (2010-current) 4. Chairman Program Committee RSM Erasmus University (January 2013-current) 5. Member Program Committee RSM Erasmus University (December 2007-December 2012) 6. CFA Program Director, RSM Erasmus University (March 2008-current) 7. Member Governing Board PEREP_Analytics (January 2009-current) 1 8. Thesis and internship coordinator of Department of Finance at RSM Erasmus University (September 2005-September 2007) 9. Seminar coordinator ERIM Research Series in Finance (September 2004-September 2006): organizer of 53 seminars during September 2004-June 2006 period 10. Member of Scientific Committee European Accounting Association Meeting, 2008 1 http://www.perepanalytics.eu 15
11. Member of the Scientific Committee of the International Corporate Finance and Governance Conference (special issue conference of the Journal of Banking & Finance, University of Twente, 2010). 12. Member of Program Committee ABN-AMRO International Conference on IPOs, July 2000 16