Publications
Papers
International Journals - Finance
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"Serial Acquirer Bidding: An Empirical Test of the Learning Hypothesis", with N. aktas and R. Roll, Journal of Corporate Finance, forthcoming
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"Negotiations under the threat of an auction", with N. Aktas and R. Roll, Journal of Financial Economics, forthcoming
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"Idiosyncratic Volatility Change and Event Study Tests", with N. Aktas and J.G. Cousin, Revue Finance, forthcoming
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"Learning, hubris and corporate serial acquisitions.", with N. Aktas and R. Roll, Journal of Corporate Finance, Volume 15, Issue 5, Pages 523-626 (December 2009) - paper quoted in the New-York and USA Today, summarized by J. Martin and K. Davis, in Academy of Management Perspectives, Feb. 2010, pp. 79-81
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"Legal Insider Trading and Stock Market Reaction: Evidence from the Netherlands", with N. Aktas, I. Riachi and J. de Smedt, Journal of Management Science, 2008, forthcoming
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"Legal Insider Trading and Market Efficiency", with N. Aktas and H. Van Oppens, Journal of Banking and Finance, Vol 32, Issue 7, July 2008, p. 1379-1392
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"Event Studies with a Contaminated Estimation Period", with N. Aktas and J.G. Cousin, Journal of Corporate Finance, Vol. 13/1, February 2007, p. 129-145
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"Using self-organizing maps to adjust intra-day seasonality", with W. Ben Omrane, Journal of Banking and Finance, Volume 31, Issue 6, June 2007, Pages 1817-1838 .
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"Is European M&A Regulation Protectionist?", with N. Aktas, R. Roll, The Economic Journal, Vol. 117, July 2007, pp. 1096-1121 - Quoted by Prof. Thomas W. Hazlett in the Financial Times - July 11, 2006
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"The PIN anomaly around M&A announcements", with A. Aktas, F. Declerck and H. Van Oppens, Journal of Financial Markets, Vol. 10, No.2, May 2007, pp. 169-191.
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"Market Response to European Regulation of Business Combinations”, with A. Aktas and R. Roll, Journal of Financial and Quantitative Analysis, Vol. 39, No. 4, December 2004.
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"Some known facts about financial data”, with J. Rynkiewicz and M. M. Cottrell, European Journal of Economic and Social Systems, special issue on Neural Networks, P. Gaubert ed., Hermes-Lavoisier, Vol. 17, No. 1-2, 2004, pp. 167-183.
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"Credit Rationing, Customer Relationship and the Number of Banks : An Empirical Analysis”, with Fr. Lobez and J.C. Statnik, European Financial Management, Vol. 11:2, March 2005.
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"The Heterogeneity Effect of The European Commission Interventions In the Field Of Merger And Acquisition”, with N. Aktas and M. Levasseur, European Journal of Finance, Vol. 10, No. 5, Octobre 2004, pp. 412-436.
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"The Emerging role of the European Commission in merger and acquisition monitoring: The Boeing / Mc Donnell Douglas Case", avec N. Aktas, M. Levasseur & A. Schmitt, European Financial Management, vol. 7, n°4, 2001, p. 447-480..
International Journal - Neural Networks
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"Self-organizing feature maps for the classification of investment funds", with A. Lendasse, P. Cardon, V. Wertz, M. Verleysen , European Journal of Economic and Social Systems, special issue on Neural Networks, P. Gaubert ed., Hermes-Lavoisier, Vol. 17, No. 1-2, pp. 183-195
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"On the use of self-organizing maps to accelerate vector quantization”, with M. Cottrell, P. Letremy and M. Verleysen, Neurocomputing, Elsevier, Vol. 56 (January 2004), pp. 187-203.
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"Statistical tools to assess the reliability of self-organizing maps”, with M. Cottrell et M. Verleysen, Neural Networks, Vol. 15, Nos. 8-9 (October-November 2002), pp. 967-978
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"Dimension reduction of technical indicators for the prediction of financial time series - Application to the Bel 20 market index", with A. Lendasse, J. Lee, V. Wertz, M. Verleysen, European Journal of Economic and Social Systems, Vol. 15, No. 2 (2001), pp. 31-48.
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“Debt : A Factor of Both Good and Bad Stress During an Economic Recession : Evidence from France”, avec M. Levasseur et E. Séverin, Fuzzy Economic Review, vol. VI, n°1, May 2001, p. 63-88..
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“Non-linear financial time series forecasting – Application to the Bel 20 stock market index”, avec A. Lendasse, V. Wertz et M. Verleysen, European Journal of Economic and Social Systems, vol. 14, n°1, 2000, p. 81-92
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“Self-Organizing Maps for Data Analysis : an Application to the Belgium Leasing Market”, avec M. Cottrell, E.F. Henrion et Ch. Van Wijmeersch, Journal of Computing Intelligence in Finance, Nov/Dec 1998, Vol. 6, n°6, p. 5-24
Revues Nationales
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"Licenciements collectifs : réaction boursière et attitude politique", avec Nihat Aktas et G. Tesolin, Regards Economiques (IRES/UCL), Janvier 2007, No. 48, p. 1-8
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"Belle Saison pour le Marché des Fusions et Acquisitions", avec Nihat Aktas et G. Tesolin, Regards Economiques (IRES/UCL), Mars 2006, No. 39, p. 2-11 - réimprimé dans Problèmes Economiques, n°2.903, Juillet 2006, 10-19
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"Le décollage d'EADS: le point de vue des marchés financiers", avec N. Aktas et L. Liagre, Finance, Contrôle et Stratégie, Vol. 9, No. 1, Mars 2006, pp. 5-34.
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"Etat actionnare et création de valeur : le cas des fusions-acquisitions", avec N. Aktas et L. Liagre, Banque et Marchés, No. 71, Juillet-Août 200£4, pp. 5-18.
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"Horizontal, downstream and upstream effects of merger and acquisition operations in the car industry”, with N. Aktas and A. Derbaix, Banque et Marchés, No. 69, Mars-Avril 2004, pp. 40-49.
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"Décision de Crédit-Bail, Dette Bancaire et Risque Moral", avec M.C. Filaretto et F. Lobez, Banque et Marchés, Septembre-Octobre 2001, n°54, p. 5-18.
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“Simulation de l’évolution de la structure à terme des taux d’intérêt. Test d’une approche non-paramétrique ”, avec M. Cottrell et Ph. Grégoire, Banque. et Marchés, Septembre/Octobre 1998.
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“Le calcul a posteriori du return d’un portefeuille”, avec Ph. Grégoire, Revue de la Banque, juin 1996, p. 359-369.
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“Comprendre la décision de leasing à l’aide d’une carte de Kohonen”, avec M. Cottrell, E.F. Henrion, C. Van Wymeersch et A. Wolfs, Cahiers Economiques de Bruxelles, N°151 – 3° trimestre 1996, p. 279-2297.
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“Les réseaux de neurones en finance : Principes et revue de la littérature”, avec M. Cottrell et M. Levasseur, Finance, 1996, vol. 16, pp.25-92.
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“Le leasing financier : complément ou substitut du crédit à l’investissement ?”, avec E.F. Henrion, C. Van Wymeersch et A. Wolfs, Cahiers Economiques de Bruxelles, n° 149c, 1996.
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“Systèmes experts et diagnostic financier : une méthodologie de raisonnement structuré”, Sciences de Gestion, Economies et Société, N°14, 1989, pp. 59 à 81, Paris.
Chapters in books
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“Legal insider trading and stock market reaction: Evidence from the Netherlands”, (with N. Aktas, I. Riachi and J. de Smedt), forthcoming in “Insider Trading: Regulation and Analysis” (Edited by Greg N. Gregoriou and Paul U. Ali), Chapman & Hall/CRC edition.