Experts & Expertise

Many researchers, scientists and support staff are working at Tilburg University. Search for a certain individual, or within a certain expertise to find the right person.

Your photograph

L.D.R. Renneboog


Hoogleraar Corporate Finance

Tilburg School of Economics and Management
Department of Finance

 

Expertise

Luc Renneboog is Professor of Corporate Finance at the Finance Department of Tilburg University and Director of Graduate Studies at the CentER for Economic Research. Before joining Tilburg, Luc taught at the Catholic University of Leuven (Belgium) and at Oxford University. He was also a visiting lecturer/researcher at the London Business School, HEC Paris, Venice University, Colegio Universitario de Estudios Financieros (CUNEF, Madrid), University Paris-Dauphine, and European University Institute (Florence).

He graduated from the University of Leuven with a BSc/MSc in commercial engineering and with a BA in philosophy, from the University of Chicago with an MBA, and from the London Business School (University of London) with a PhD in Financial Economics. He is also a research member of CentER for Economic Research, TILEC (Tilburg Law and Economics Center) and ECGI (European Corporate Governance Institute, Brussels).

He has published in the Journal of Finance, Management Science, American Economic Review, Journal of Financial Intermediation, Journal of Law and Economics, Journal of Corporate Finance, Strategic Management Journal, Journal of Banking and Finance, Journal of Law, Economics & Organization, Oxford Economic Papers, Cambridge Journal of Economics, Oxford Review of Economic Policy, European Financial Management and others. His research interests are corporate finance, corporate governance, mergers and acquisitions, rights issues, law and economics, the economics of sports, ethical/socially responsible investing, and the economics of art.


Full CV

Current positions

  • April 2005-onwards: Professor of Corporate Finance (hoogleraar), Department of Finance, Tilburg University.
    Current research interests: corporate finance, corporate governance, initial public offerings, mergers and acquisitions, rights issues, pricing anomalies, law and economics, ethical investing, financial distress, and the economics of art.
  • September 2009-onwards: Director of Graduate Studies of the CentER Graduate School (research master and PhD programmes in business administration: finance, accounting, marketing, strategy and organization, and operations research), Tilburg University.
  • Fellow of CentER (CentER for Economic Research, Tilburg University).
  • Member of TILEC (Tilburg Law and Economics Center).
  • Research Associate of ECGI (European Corporate Governance Institute, Brussels).

Key words

Publications

Principal publications
  • Renneboog, L. and C. Spaenjers, 2012, Buying Beauty: On Prices and Returns in the Art Market, Management Science, forthcoming.  
  • Renneboog, L., J. Ter Horst, and C. Zhang, 2011, Is Ehtical Money Financially Smart? Nonfinancial Attributes and Money Flows of Socially Responsible Investment Funds, Journal of Financial Intermediation 20(4), 562-588.  
  • Goetzmann, W., L. Renneboog, and C. Spaenjers, 2011, Art and Money, American Economic Review 101 (3), 222-226.  
  • Martynova M., and L. Renneboog, 2008, Spillover of Corporate Governance Standards in Cross-Border Mergers and Acquisitions, Journal of Corporate Finance, 14, 200-223.
  • Fidrmuc, J., M. Goergen and L. Renneboog, 2006, Insider Trading, News Releases and Ownership Concentration, Journal of Finance 61 (6), 2931-2973.

Click here for the extended list of publications

 

Citizenship and civil state

Nationality: Belgian citizen.
Marital status: Happily married to Eugenia Houvenaghel. 4 children, aged 10, 8, 6 and 3.

  • Interested in poetry, history and classical music.
  • Founding member of London Business School's PhD soccer team (1991-95)
  • Enjoy cycling, walking (Camino de Santiago, Xacobeo 1999) and running.
  • Degree in piano at the Music Academy of Aalst (Belgium) (1975-84).
  • Singing classes at the Music Academy of Leuven (1996-98).
  • Former member of the University of Chicago Choir (1989), of the University of London Chorus (1991-93), of the Royal Choral Society (London 1993-95), of Vocal Ensemble Florilegium (Leuven 1996), of Vocal Ensemble OrSeCante (Leuven 1996-97), of the Capilla Mercuriale (KULeuven 1996-98) and of the Kempense Oratorium Vereniging (Turnhout 2000-03)

Some favourite CDs (random order)

  1.  Le Chant de Virgile by Josquin Desprez, Roland Lassus, Adriaan Willaert etc. (Huelgas ensemble directed by Paul van Nevel; Harmonia Mundi) 
  2. Tenebrae Responsories by Tomas Luis de Victoria (The Sixteen directed by Harry Christophers - Virgin Classics) 
  3. Officium Defunctorum / Missa Pro Defunctis by Cristobal de Morales (La Capella Reial da Catalunya / Hespèrion XX directed by Jordi Savall)
  4. Theophanie: Orthodox Chant (Choir of the Monastery of Chevetogne)
  5. Lagrime de San Pietro by Roland de Lassus (Ensemble Vocal Europeen directed by Philippe Herreweghe)
  6. O Gemma lux by Guillaume Dufay (Huelgas Ensemble directed by Paul van Nevel - Harmonia Mundi)
  7. The Pilgrimage to Santiago (New London Consort directed by Philip Pickett - L'Oiseau-Lyre)
  8. Romances Sefardes dans l'empire de la Sublime Porte (Accentus Austria directed by Thomas Wimmer - Arcana)
  9. Diaspora Sefardi, Romances y Musica Instrumental (La Capella Reial da Catalunya / Hespèrion XXI directed by Jordi Savall) 
  10. Carlos V - Mille Regretz: La Cancion del Emperador (La Capella Reial da Catalunya / Hespèrion XXI directed by Jordi Savall - Alia Vox)
  11. Paraisos Perdidos - Christophorus Columbus (La Capella Reial da Catalunya / Hespèrion XXI directed by Jordi Savall)
  12. Miguel de Cervantes - Don Quijote de la Mancha - Romances y Musicas (La Capella Reial da Catalunya / Hespèrion XXI directed by Jordi Savall)
  13. Fiesta Criolla - Une fete pour la Vierge de Guadelupe a Sucre (1718) (Ars Longa de La Havana directed by Gabriel Garrido - K617/Le couvent)
  14. Flow my tears (Songs from the first booke of songs 1597 and the second booke 1600) by John Dowland (Metronome)
  15. Opus Ultimum by Heinrich Schutz (Collegium Vocale directed by Philippe Herrewege)
  16. Lachrimae Caravaggio composed by Jordi Savall (Le concert de nations, Hesperion XXI - Alia Vox)
  17. Te Deum by Antonio Teixeira (The Sixteen directed by Harry Christophers - Collins Classics)
  18. Cello Suites 1-6 by J.S. Bach (M. Rostropovich; Phillips)
  19. Missa Criolla by Ariel Ramirez (Coral Salve de Laredo directed by Jose Luis Ocejo - Philips)
  20. Canon Pokaianen by Arvo Paert (Estonian Philharmonic Chamber Choir directed by Toenu Kaljuste)
  21. Vigilia by Einojuhani Rautavaara (Finnish Radio Chamber Choir directed by Timo Nuoranne)
  22. The protecting veil by John Tavener (the Royal Philharmonic directed by Justin Brown)
  23. The Well by Chava Alberstein.
  24. The prisoner's song by Muzsikas
  25. Le pas du chat noir / Le voyage du Sahar by Anouar Brahem (ECM)
  26. And much much more

Some favourite films (random order):

  1. The English patient by Anthony Minghella
  2. Trois couleurs: Bleu by Krzysztof Kieslowski
  3. The merchant of Venice by Michael Radford
  4. La gloire de mon père / Le chateau de ma mère by Yves Robert
  5. Heimat by Edgar Reitz
  6. Jean De Florette / Manon Des Sources by Claude Berri
  7. Il postino by Michael Radford
  8. The lord of the rings by Peter Jackson
  9. Gandhi by Richard Attenborough
  10. Amadeus by Milos Forman
  11. The girl with the pearl earring by Peter Webber
  12. La double vie de Veronique by Krzysztof Kieslowski
  13. The talented Mr. Ripley by Anthony Minghella
  14. Des hommes et des dieux by Xavier Beauvois
    and
  15. Die Grosse Stille (Le Grand Silence / Into great silence) by Philip Groening

Scholarships and grants

  • Teaching substitution subsidy 'Shifts in Governance', National Organization for Scientific Research, the Netherlands: Euro 25,000.
  • European Corporate Governance Training Network: Euro 150,000.
  • Integrated Project "New Modes of Governance", financially supported by the European Union under the 6th Framework programme (Contract No CIT1-CT-2004-506392): Euro 170,000.
  • Study and Travel Grant for stay at HEC (Jouy en Josas, Paris), granted by the Netherlands Organisation for Scientific Research (NWO): Apr.-May 2004.
  • Study and Travel Grant for stay at European University Institute (Florence), granted by the Netherlands Organisation for Scientific Research (NWO): Apr.-June 2003.
  • Study and Travel Grant for stay at University of Oxford, granted by the Netherlands Organisation for Scientific Research (NWO): Trinity Term, Apr.-June 2002.
  • Study and Travel Grant for stay at London Business School, granted by the Netherlands Organisation for Scientific Research (NWO): Summer Term, Apr.-June 2001.
  • Study and Travel Grant for stay at University of Oxford, granted by the Netherlands Organisation for Scientific Research (NWO): Trinity Term, Apr.-June 2000.
  • Study and Travel Grant for stay at University of Oxford, granted by the Netherlands Organisation for Scientific Research (NWO): Trinity Term, Apr.-June 1999.
  • Research Grant at University of Oxford, granted by the Fonds voor Wetenschappelijk Onderzoek Vlaanderen (Foundation for Scientific Research Flanders (Belgium)) in collaboration with the British Academy of Sciences: Trinity Term, Apr.-June 1998.
  • Marie Curie Fellowship for Research on Corporate Governance (Human Capital and Mobility Program of the European Commission: 1994-95.
  • Fellowship of I.C.M., the Intercollegiate Centre for Doctoral Studies in Management Science, Brussels: 1993-94.
  • Salomon Brothers International (London), Scholarship for Doctoral Studies in Finance: 1991-95.
  • Scholarship from Generale Bank and Bank Brussels Lambert for MBA studies: 1988-89.


Education

  • PhD in Financial Economics; Dec. 1995; London Business School, University of London. Thesis advisor: Prof. Julian Franks. Dissertation title: 'Ownership, managerial control and the governance of poorly performing companies listed on the London and Brussels stock exchanges'.
  • BA in Philosophy; July 1991; Institute of Philosophy, Catholic University of Leuven (KULeuven), Belgium.
  • MBA in Finance; June 1989; Graduate School of Business, University of Chicago; selected for international exchange program.
  • MSc (equiv.) in Management Engineering; July 1988; Department of Applied Economics, Catholic University of Leuven (KULeuven), Belgium.
  • Secondary School: Degree in Latin-Mathematics, June 1984; Sint-Maarteninstituut, Aalst, Belgium.

Career

Former positions:

  • Sept. 2003-July 2009: Academic Director of Master in Finance (executive programme), Tias Business School, Tilburg University.
  • April 2006-August 2009: Coordinator Mhil and PhD programmes in Business - Finance.
  • June 2001-March 2005: tenured Associate Professor in Finance (hoofddocent): Tilburg University (Universiteit van Tilburg), Department of Finance.
  • Sept.1998-May 2001: Assistant Professor in Finance (docent): Tilburg University (Universiteit van Tilburg), Department of Finance.
  • Jan.1996-Sept.1998: Assistant Professor in Finance (docent): Catholic University of Leuven (KULeuven), department of Applied Economics.
  • May 1994-Jan.1996: Marie Curie Fellow of the European Commission (EC grant ERBCHICT941057); London Business School, Institute of Finance and Accounting.
  • June 1992-May 1994: Doctoral Research Fellow of the Interuniversity Centre for Doctoral Studies in Management Sciences (I.C.M., Brussels); London Business School, Institute of Finance and Accounting.
  • Oct.1991-Sept.1993: Salomon Brothers International (London) - Doctoral Fellow in Finance; London Business School, Institute of Finance and Accounting.
  • Oct.1990-Sept.1991: Research/Teaching Assistant in Financial Economics; Catholic University of Leuven (KULeuven), Department of Applied Economics.
  • Aug.1989-Oct.1990: Financial Analyst in Procter & Gamble Company, Brussels, Nenagh (Ireland), Rotterdam; responsible for forecasting of yearly profits for Belgian and Dutch HABC division, budgeted division's overhead costs, set up overhead control system for Belgium and the Netherlands, integrated accounting systems of divisions, involved in cost savings projects, worked on launch economics of new brands, developed profit forecasting system, analysed chemical production processes of the Nenagh plant.

Visiting positions:

  • Sept. 2004; Oct. 2005, Oct. 2006, Sept. 2007: Visiting Lecturer in Finance at CUNEF (Collegio Universitario de Estudios Financieros), Madrid.
  • April-May 2004: Visiting Researcher at HEC (Ecole d'Hautes Etudes Economiques et Commerciales), Jouy en Josas (Paris).
  • Oct. 2003: Visiting Lecturer in Finance at CUNEF (Collegio Universitario de Estudios Financieros), Madrid.
  • April-June 2003: Visiting Research Fellow at the Robert Schuman Centre for Advanced Studies (RSCAS), European University Institute (San Domenico di Fiesole, Florence).
  • Oct. 2002: Visiting Professor of Finance at CUNEF, Madrid.
    April-June 2002 (Trinity term): Fellow at Said Business School, and Visiting Lecturer in Financial Economics, University of Oxford. Visiting Worcester College.
  • Nov. 2001: Visiting Professor of Finance at CUNEF, Madrid.
  • April-June 2001 (Summer Term): Visiting Assistant Professor in Finance at London Business School, Institute of Finance and Accounting, (University of London).
  • Nov. 2000: Visiting Professor of Finance at CUNEF, Madrid.
  • April-June 2000 (Trinity term): Visiting Lecturer and Researcher in Financial Economics at Said Business School, University of Oxford. Research on liquidity constraints and corporate investments. Visiting Member of Green College.
  • Nov. 1999: Visiting Professor of Finance at CUNEF, Madrid.
  • April-June 1999 (Trinity term): Visiting Lecturer and Researcher in Financial Economics at Said Business School, University of Oxford. Research on corporate control and management compensation. Visiting Member of St. Anthony's College.
  • May 1999: Visiting Professor of Financial Economics at the International Center for Economics and Finance (I.C.E.F), Venice International University.
  • April-June 1998 (Trinity term): Visiting Lecturer and Researcher in Financial Economics at Said Business School, University of Oxford. Research on corporate control. Visiting Member of St. Anthony's Colleg

Publications

Principal publications
  • Renneboog, L. and C. Spaenjers, 2012, Buying Beauty: On Prices and Returns in the Art Market, Management Science, forthcoming.  
  • Renneboog, L., J. Ter Horst, and C. Zhang, 2011, Is Ehtical Money Financially Smart? Nonfinancial Attributes and Money Flows of Socially Responsible Investment Funds, Journal of Financial Intermediation 20(4), 562-588.  
  • Goetzmann, W., L. Renneboog, and C. Spaenjers, 2011, Art and Money, American Economic Review 101 (3), 222-226.  
  • Martynova M., and L. Renneboog, 2008, Spillover of Corporate Governance Standards in Cross-Border Mergers and Acquisitions, Journal of Corporate Finance, 14, 200-223.
  • Fidrmuc, J., M. Goergen and L. Renneboog, 2006, Insider Trading, News Releases and Ownership Concentration, Journal of Finance 61 (6), 2931-2973.

Click here for the extended list of publications

Projects

Participation in research reports to:

  1. European Commission (DG XII):
    'Ownership concentration and pyramiding in Belgian quoted companies', part of report 'Ownership and Control' to the European Commission from the European Corporate Governance Network, October 1997, editor M. Becht. 250p.
  2. OECD:
    'Corporate governance in Belgium: survey of the literature': part of report on Corporate Governance in Europe, February 1999, editor K. Gugler, 180p.
  3. Ministry of Finance, the Netherlands:
    'Corporate Governance systems and performance', research on the relation between corporate control systems and performance in the Netherlands, Belgium and UK with special focus on the importance of the Dutch 'structural regime'. Edited by P. Moerland and T. Nijman (Center for Applied Research of Tilburg University), September 1999.
  4. Central Plan Bureau, France (Commissariat Général du Plan):See infra.
  5. Deminor (Brussels):
    Building and testing a corporate governance index for European blue chip firms. Work in progress, from November 2000.
  6. Center for European Policy Studies (CEPS; Brussels)
    Report on the newly proposed take-over regulation of the European Commission: ?The economics of the proposed European takeover directive?. March 2003. Authors: Joe McCahery and Luc Renneboog; pp. 105.
  7. Monitoring Commission of the Corporate Governance Code, Ministry of Finance, the Netherlands.
    Report on recent developments on corporate governance in the main western economies (with P. Duffhues and. J. ter Horst), November 2005.

Collaboration

Participation in Research Networks:

  1. European Corporate Governance Network (1996-1999): researches 'Ownership and control: a European Perspective'. The ECGN was created in 1996 by about 20 academics in 10 countries and is co-ordinated by Marco Becht (ULB). A series of papers by country was included in a report to the European Commission. Research output was published in 'The control of corporate Europe' (Oxford University Press) in 2001; eds. Barca and Becht.
  2. Corporate Investment and Governance project (1997-...): 'The determinants and effects of corporate investment in Europe and their relationship to corporate governance structures'. Research network consists of 12 universities in 10 countries. Project aims at: 1. Estimation of economic rates of return, 2. Measurement of the impact of van R&D on corporate performance and 3. Research the impact of corporate governance structures on economic rates of return. Workshops were held in Leuven (Sept. 1997), Cambridge (Dec. 1998), Aarhus (Nov. 1999), Berlin (Nov. 2000), Cambridge (March. 2002).
  3. Financing Innovation in Science-based Industries (1998-2000) funded by European Commission by the Fondazione Eni Enrico Mattei, and the Centre for Economic Policy Research. Member of the organising committee, partial write-up of proposal. The network stimulated research on: 1. Financing Entrepreneurship and innovationin science-based industries, and 2. The influence of financial markets on industrial restructuring in science-based industries.
  4. 'Les entreprises françaises et le gouvernement d'entreprise: analyse et comparaisons européennes'. (French enterprises and corporate governance: analysis and European comparisons).Central Plan Bureau of France (Commissariat Général du Plan) (1999-2001): Coordinator: Prof. Alcouffe (Toulouse). The project has yielded two papers; (i) share price effects of CEO resignations in France with I. Dherment and (ii) a multi-country blockholder monitoring study with I. Dherment and J. Köke.
  5. TSER Project, New Technologies and the New Economy: Micro-foundations of organisational and institutional change in Europe. (2002-...) Specific project: The provision of risk capital via thenewequity markets, with Marc Goergen (UMIST), Arif Khurshed (Univ of Manchester).
  6. Fellow of IICGA (Institute for International Corporate Governance and Accountability, Washington) (2002-03)
  7. European Commission FP6 project 'New Modes of Governance': Programme involving 30 universities, led by European University Institute (Florence). Tilburg project: 'Towards new corporate governance regimes in Europe' 
  8. European Commission project: European Corporate Governance Training Network. Coordinator of the Tilburg cluster on behalf of TILEC (' 150,000). Supervision of Peter Szilagyi.

External accreditation

Research awards:

  • The EFM Award for Scholarship in Financial Research: the European Financial Management Journal Best Paper Award (2004): 'Shareholder wealth effects of European domestic and cross-border takeover bids', July 2005 ($ 1000).
  • Research award: 'Best paper published in the Journal of Financial Intermediation in 2001': 'Who disciplines management in poorly performing firms?', May 2002 ($ 2500).
  • 'Award for Outstanding Research' (runner-up prize) in academic paper competition of the International Investment Forum at the University of Chicago, sponsored by the Centre of Investment Research. Chicago, Oct. 13, 1998. Paper: 'Who disciplines management in poorly performing firms?' ($ 2000).
  • 'Bank Brussels Lambert award 1997' for supervision of best Master's thesis in finance (at Belgian universities); March 1998 (6300 euro).
  • 'Robert Marjolin Award 1997' for paper 'Ownership, managerial control and the governance of poorly performing companies listed on the Brussels stock exchange' (Journal of Banking and Finance). Award handed out at the conference on Corporate Governance, Financial Markets and Global Convergence, organised on the occasion of the 50th Anniversary of the Marshall plan conference, the 20th colloquium of the SUERF (Société Universitaire Européenne de Recherches Financières - European Academic Association for Financial Research), the 7th conference of the Robert Triffin-Szirak Foundation RTSF; Budapest, 14-17 May 1997. Award was handed out by Dr. Lamfalussy, president of the European Monetary Institute (2000 euro).
  • Research prize in the 'LENS international competition for best paper in corporate governance' for law, economics and business administration (Washington, Sept. 1996) with papers based on doctoral dissertation (2500 euro).

Other Awards

  • 'Excellent Teaching Performance' Award 2009/10 of Tilburg School of Economics and Management.
  • 'Teaching Award for Best MSc Lecturer 2007/08', Tilburg School of Economics and Management.
  • 'Award for Teaching Excellence 2006/07', Master in Finance programme, TiasNimbas Business School, Tilburg University.
  • 'Teaching Award for Best Lecturer 2004/2005' awarded by the Faculty of Economics and of Business Administration at Tilburg University (2500 euro).
  • 'Award for Teaching Excellence 2004/05', Master in Finance programme, Tias Business School, Tilburg University.
  • 'Philips Innovation Award 2003', awarded for teaching quality and innovation by Royal Philips Electronics NV and the Faculties of Economics and of Business Administration at Tilburg University (9000 euro).
  • 'Teaching Award 2000/2001' awarded by the Faculties of Economics and of Business Administration at Tilburg University 2nd prize (2500 euro).
  • Fellow at the Said Business School , Oxford University, 2001-2002.

Click here for an overview of my scholarships and grants

Research supervision

Supervision of PhD students:

  • Arthur Korteweg in 2001-2002 (transferred to U. of Chicago), thesis: Seasoned equity offerings. 
  • Jana Fidrmuc (2000- June 2003); The impact of large shareholders on information signalling, factor productivity and managerial disciplining. Defence: 27 June 2003.Currently at Erasmus University and Warwick Business School
  • Greg Trojanowski (2000-2004): Ownership structure as a mechanism of corporate governance. Defence: 12 November 2004.Currently at the University of Exeter. 
  • Annabel Sels (2006): Foreign direct investment as an entry mode and order of entry under uncertainty An application in emerging economies, Defence: 9 June 2006. 
  • Chendi Zhang (2002-2006) (with J. ter Horst as co-supervisor): Socially responsible / Ethical investing. Hired by the University of Warwick.
  • Marina Martynova (2002-2006): M&A in Europe and the price of corporate governance in the market for corporate control. Hired by the University of Sheffield.
  • Peter Szilagyi (2003-present): Bondholder wealth effects of corporate restructuring. Hired by the University of Cambridge.
  • Mieszko Mazur (2006-present): Divestitures and Spin-offs.
  • Christophe Spaenjers (2006-present): The economics of art.
  • Yang Zhao (2006-present): Managerial remuneration.

Member of PhD committees:

External:

  • University of Liège (Belgium): Thaddée Frédéric Nlemvo Ndonzuau: L'impact de la structure de l'actionnariat sur la performance financière et les choix stratégiques de l'entreprise. Defence: 15 May 1998.
  • Cambridge University: Antonio Saragga-Seabra: Investment, corporate acquisitions and firm market value. Defence: 18 Dec. 2001.
  • Budapest University of Economics: Arnold Ludanyi: The participation of venture capital companies in the management and financing of Hungarian enterprises. Defence: 20 June 2002.
  • European University Institute (Florence): Simon Hough: Priceless or worthless Four essays on art as an investment. Defence: 28 April 2003. 
  • Université Libre de Bruxelles (ULB, Brussels): Cristina Vespro: Essays on Financial Architecture; Defence: Spring 2006.
  • Charles University Prague - CERGE: Elena Yusupova: ?Bidding behaviour of investment companies in the voucher privatisation: Theoretical model and empirical predictions of the Czech voucher funds?; Defence: Spring 2006.
  • Helsinki School of Economics: Seppo Kinkki : Essays on minority protection and dividend policy, Defence: Autumn 2007.
  • Swedish School of Economics and Business Administration Hanken (Finland): Erkki Nikoskelainen: The operating characteristics of leveraged buyouts: Empirical evidence from Europe, Autumn 2007.

Internal (Tilburg University):

  • Greg Pawlina: Corporate investment under uncertainty and competition: a real options approach. Defence: 20 June 2003. Hired by Lancaster University.
  • Igor Loncarski: Convertible debt, Defence: June 2007. Hired by the University of Ljubljana.

Supervision Master students:

  • Tilburg University 1999-...: Supervision of 55 Master theses written by students in Financial Economics.
  • K.U.Leuven (1990-91 and 1996-98).: Supervision of 55 Master theses written by students in Management Engineering and Applied Economics.
    Award winning students: 1. Geert Schoukens: IPPA-prize 1999; ethical investing, 2. Manuel De Wyspelaere: second Generale Bank-prize 1998; on pricing anomalies and multi-factor models, 3. Marc Eyben: runner up IPPA-prize 1998; Pricing of capital guarantee funds, 4. Wim Scherpereel: the BBL-prize 1997; Equity Duration (March 1998).

Conferences

Presentations at the following conferences (1997-2002) organized by: American Finance Association, American Economic Association, European Finance Association, European Financial Management Association, European Economic Association, EuropeanAcademy of Management, European Network of Industrial Policy,European Corporate Governance Network, TMR-cycle at Eni Enrico Mattei, Corporate Investment and Governance Network (Leuven, Cambridge, Aarhus, Berlin), M&A symposium 2002 at IESE (Barcelona), Tias Business School Seminar Cycle 2000 on E-commerce and real options valuation, Norwegian Research Council Conference, CEPR-European Summer Symposium in Financial Markets (Gerzensee), ESRC Network of Industrial Economists, Tilburg University Conference in Law and Economics: Convergence and Diversity of Corporate Governance Regimes, First Annual General Meeting of the Marie Curie Fellows, Association of the International Investment Forum at Center for Investment Research of the University of Chicago, European Foundation of Management Development Scandinavian MCFA organization, Vlaamse Vereniging voor Economie (Gent), United Nations University/Institute for New Technologies (Maastricht),Humboldt Forum on Corporate Governance (Humboldt/Stanford University).

Presentations at the following universities and institutes: Oxford University, Cambridge University, University of Reading, University of California (UCLA), Centro Universitario de Estudios Financieros (Madrid), University of Venice, London Business School, Autonoma University of Barcelona, Erasmus University Rotterdam, University of Antwerp,University of the Balearic Islands, Catholic University of Leuven, Fondazioni Eni Enrico Mattei (Milan), Berlin Zentrum fur Socialwissenschaften (BZW), Robert Schuman Center for Advances Studies (European University Institute, Florence), Vlerick Leuven-Gent School of Management, University of Utrecht, HEC (Paris), Universit of Lille 2.

 

Teaching

At Tilburg University

  • Executive Master in Finance: Mergers and acquisitions, and corporate governance, taught in English to 18 students. Teaching rating: 4.3 on scale of 5 (2004-05), 4.2 (2005-06), 4.5 (2006-07), 4.0 (2007-08),3.8 (2008-09), 4.0 (2010-11).
  • Executive Master in Finance: Advanced Corporate Finance, taught in English to 18 students. Teaching rating: 4.4 and 4.5 on scale of 5 (2004-05); 4.2 (2005-06); 4.6 (2006-07), 3.8 (2007-08), 3.6 (2008-09), 4.2 (2009-10).
  • MSc in Financial Management/ MSc in Investment Analysis: Corporate restructuring and governance. 4.7 on scale or 5 (2007-8), 4.4 (2008-09), 4.3 (2009-10).
  • Honours Programme (BSc) : Art and Art Markets (2011)
  • MSc in Business Economics: Mergers and Acquisitions, taught in English to about 250 students; Teaching rating: 4.1 on a scale of 5 (2003-04); 4.6 on scale of 5 (2004-05).
  • MSc in Business Economics: Real Options 1998-99, 1999-2000, 2000-01: taught in Dutch to 60 final year students. Teaching rating: 4.0 on scale of 5 (1998-99), 4.5 (2000-01), 4.8 (2001-02),4.8 (2002-03), 4.6 (2003-04).
  • BSc in Business Economics: Corporate Finance II - 1998-99, 1999-2000, 2000-01, 2001-02: Taught in English to four streams of 60 International Business students.Teaching rating: 3.0 on scale of 5 (1998-99)4.0 (1999-2000), 4.7 (2000-01), 4.0 (2001-02), 4.2 (2002-03).
  • Executive Course Co-ordinator and lecturer (kerndocent) in finance of Financial Management the Master in Agribusiness (Bedrijfskundige advisering in de agrarische sector) in Tias Business School, 1999-2000, 2000-01; Executive education program (MBA-type) for 25 consultants, accountants and bankers dealing with the Dutch agricultural industry. Teaching rating 7.6 on scale of 10.

Teaching Awards:

  • Teaching Award for Best Lecturer, Faculty of Economics and Business Administration, Tilburg University, 2000/01.
  • Philips Innovation Award for teaching quality, Tilburg University, 2002/03.
  • Nominee for Best Teacher Award, Faculty of Economics and Business Administration, Tilburg University, 2003/04.
  • Award for Teaching Excellence, Master in Finance programme, Tias Business School, Tilburg University, 2004/05.
  • Teaching Award for Best Lecturer, Faculty of Economics and Business Administration, Tilburg University, 2004/2005.
  • Award for Teaching Excellence, Master in Finance programme, TiasNimbas Business School, Tilburg University, 2006/07.
  • Excellent Teaching Performance Award 2009/10 of Tilburg School of Economics and Management.


L.D.R. Renneboog teaches the following subjects:

Teaching activities elsewhere

At Oxford University:

  • MBA elective course in Investments; 25 students. Teaching ratings: 5.1 on scale of 6 (Trinity term 1997-98), 5.3 (Trinity term 1998-99), 5.7 (Trinity term 1999-2000).
  • MBA elective course in Corporate Reorganisation and Valuation, 30 students. Teaching rating: 4.2 on scale of 5. (Trinity term 2001-02)


At London Business School:

  • MBA elective course in 'Mergers, MBOs and Other Corporate Reorganisations', April-June 2001, taught to two streams of 30 MBA, Sloan and Master in Finance students . Teaching rating of 4.0 on 5 (Stream 1) and 4.0 (Stream 2).


At the Collegio Universitario de Estudios Financieros (C.U.N.E.F., Complutense University in Madrid):

  • MSc in Finance course: lecture series on Mergers & Acquisitions and Corporate Governance. Nov. 2001, Oct. 2002, Nov. 2003, Oct. 2004, Oct. 2005, Oct. 2006, Sept. 2007. Taught to 30 students.
  • MSc in Finance course lecture series on Convergence and diversity in corporate governance regimes and capital markets. Nov. 1999, Nov. 2000. Taught to 30 MSc students in Finance.


At the International Centre for Economics and Finance (I.C.E.F. of Venice International University):

  • MSc in Economics and Finance: teaching part of course in Financial Institutions. May 1999. Taught to 25 students.


At Catholic University of Leuven:

  • D275 Investments (Beleggingsleer): 1995-96, 1996-97, 1997-98; taught in Dutch to licentiate students in applied economics and management engineering.
  • D260 Corporate Finance (part 2): 1996-97, 1997-98; taught in English to students in the MBA program. Teaching rating: 4 on scale of 5 (1997 -98).
  • L857 Financial Management in Sports and Recreation; post-graduate inter-university course 1995-96 (KULeuven), 1996-97 and 1997-98 (Free University of Brussels), taught in Dutch to postgraduate students with background in sports education and kinesitherapeutics.
  • D135 and D198 Seminar in Financial Economic Sciences (Seminarie Financiële Wetenschappen): 1996-97, 1997-98; taught in Dutch to last year students in applied economics.
  • Post-graduate program in Management KULeuven and KULAK (Campus Kortrijk): Financial Management: 1996-97; introductory finance taught in Dutch. Executive program.
  • Financial Statement Analysis: 1989-90; part of course; MBA program; 40 students, taught in English.
  • Applications of Financial Theory: 1989-90; taught part of course based on case studies: MSc students in applied economics; 120 students taught in Dutch.


Executive Teaching Experience:
See above for:
(1) Master in Agribusiness: Tias Business School (Tilburg University)
(2) Post-graduate Program in Management: KULeuven
(3) Master in Finance: CUNEF.
(4) Controller's Training (Master program): Tias Business School (Tilburg University)
(5) Financial Economic Management programme: Tias Business School (Tilburg University)
(6) in company for CSM
(7) Management and Organization Programme: Tias Business School
(8) Master in Finance: Tias Business School

Other activities

Refereeing and editorial activities

Occasional Refereeing for Journal of Corporate Finance, Journal of Banking and Finance, Journal of Financial Intermediation, The Economic Journal, Journal of Theoretical and Institutional Economics, EuropeanFinancial Management, Cambridge Journal of Economics, Journal of Management and Governance, Journal of Management Studies.

Organization of seminars, workshops and conferences

  • Organiser of Tilburg University Conference on Law & Economics: (4-5 Nov.1999) at Evoluon Center in Eindhoven: "Convergence and diversity in corporate governance regimes and capital markets." Co-organizer: Joe McCahery (Law). Budget: ? 125,000. 250 participants. 42 Speakers (50% US). Themes: Convergence of corporate governance systems (part I), Bankruptcy code design, Evolution of stock exchange regulations, The role of large shareholdings, Institutional investors and proxy reform process, Management remuneration schemes, Corporate governance systems and economic growth.
  • Organiser of 'Tias Business School's Law & Economics Conference , at Tilburg University: 'Legal and Valuation Issues of Internet-related Business and High Tech Firms: Seed and Venture Capital, Real Options Valuation and Initial Public Offerings' (13-15 Sept. 2000, Tilburg). Co-organiser: Joe McCahery (Law). Budget: ? 225000. 32 presentations. Themes : venture capital contracts, legal aspects of e-commerce, beta-estimation in high tech firms, from discounted cash flow to real options, international taxation of start-up firms, executive compensation in high tech firms, valuation of internet-related IPOs, dispute resolution in business to consumer contracts, capital structure design in new-economy firms.
  • Organizer of Finance Seminar series at KULeuven 1996-98. Raised financial support from 5 Belgian banks (BEF 500.000). 35 Seminar speakers (35% from US, 20% from UK, 30% from Contin. Europe (exclud. Benelux) and 15% from Benelux).
  • Organizer of Workshop for the European Corporate Governance and Investment Network ; at KULeuven Sept.1997: for 20 members of 8 countries. 8 research proposal presentations.
  • Member of the Scientific Committee of the TMR Euro-conferences on 'Financing Innovation in Science-based Industries' (ERBFMMACT-980410).
    * Conference 1: Financing Entrepreneurship and Innovation in Science-based Industries - January 22-23, 1999 - Zentrum für Europäische Wirtschaftsforschung (Centre for European Economic Research), Mannheim.
    * Conference 2: The influence of Financial Markets on Restructuring in Science Based Industries - May 21-22, 1999 - Fondazione ENI Enrico Mattei, Milan.
    * Conference 3: Financing R&D in Science-Based Industries: A Comparative Analysis at the European Level - May 19-20, 2000 - Universidad Carlos III, Madrid.
  • Member of the Program Committee of the European Finance Association (EFA) conference , organised at London Business School (August 2000), Pompeu Fabra University (Barcelona, August 2001), Humboldt University (Berlin, August 2002), University of Stratclyth (Glasgow, August 2003).
  • Member of the Program Committee of the Finance Management Association (FMA) conference, organised at Salt Lake City (2006).
  • Coordinator Tilburg cluster of the European Corporate Governance Training Network (for TILEC). Participating universities train researchers and PhD students in financial economics, and law and economics. (Euro 150,000)
  • Organization of the Tias Business School's Corporate Governance Day, 9/12/2005. Lecturers on corporate governance regulation and managerial remuneration.
  • Organization of workshop for European Corporate Goverance Training Network and TILEC, at the Venice International University Campus, 14-16 September 2006.
  • Co-chair of the Symposium on Contractual Corporate Governance (with M. Goergen - organizer), University of Sheffield, 22 June 2007<

Contact details
Room K 908
PO Box 90153
5000 LE Tilburg 
Phone+31 13 466 8210
Secretary+31 13 466 3025
Fax +31 13 466 2875
Email luc.renneboog@tilburguniversity.edu

Hoogleraar Corporate Finance
Tilburg School of Economics and Management
Department of Finance

Last amended: 18 June 2012

Search experts

Which researcher or scientist are you looking for?

Also search for support staff


Search expertise

In which field are you looking for a researcher or scientist?