News Archives FEB February 2010
26 February 2010
TiSEM in top 50 worldwide UT Dallas ranking
The Tilburg School of Economics and Management (TiSEM) now holds the 44th position in the 2009 UT Dallas Top 100 Business School Research Rankings. This is the first time that TiSEM enters the Top 50 of the world (last year’s position was 52). The Tilburg School of Economics and Management still holds the 1st position in the Netherlands and joins two honourable institutions in the European top 3: INSEAD on12th and LSE on 19th position. Vice dean Research Dick den Hertog comments: "This new position in the ranking is a major achievement. All the more because worldwide competition has increased enormously. This ranking shows again that the research of our School belongs to the world top." The UT Dallas ranking is the worldwide ranking of business schools based on publications in 24 top journals. Last month TiSEM launched the Tilburg University Economics Ranking, which is based on the same principle only for economic top journals. According to this ranking Tilburg also has the best economic research of the Dutch universities.
23 February 2010
Nobel prize winner Daniel Kahneman: Tiber = top!
An external Evaluation Committee, which includes Nobel Prize Winner Economics Daniel Kahneman (Princeton), concludes in its Midterm Review that the Tilburg Institute for Research and Economics Behavioral (Tiber), belongs to the international top.
The committee was impressed by both the quantity and quality of publications in top journals. The high number of theses (19, high quality ") indicates that professors within Tiber are very successful in supervising PhD students. Within Tiber, a collaboration between economists and psychologists, the following professors operate (from left to right): Jan Potters (FEB), Diederik Stapel (Director, FSW), Rik Pieters (FEB), Marcel Zeelenberg (FSW) and Ilja van Beest (FSW, not in the picture).
The list of foreign visitors is impressive and indicates that Tiber in a short time has achieved international fame and that they are evolving into a major international center for behavioral economics. Tiber researchers are internationally highly visible, active and take important positions in international journals (editorial boards). The research environment is very sparkling and energetic. The committee sees this as an indication of the high quality of Tiber. She endorses the choice of scientific quality and development of relevant social knowledge. The behavioral economics wins international influence and Tiber appears at the right time to set this field to be a major player.
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Daniel Kahneman, an important pioneer in the interface of economics and psychology and winner of the Nobel Prize in Economics in 2002, writes in the Annex: "The quality of your group is truly remarkable - the record of publications in excellent outlets is impressive, and you have a number of researchers who manage to be both interesting and extremely profilic. The list of prizes and awards tells the same story. It is difficult to imagine a more successful beginning for an interdisciplinary enterprise."
The committee was also composed of professors Joep Sonnemans (UvA) and Eric van Dijk (Leiden).
22 February 2010
Thorsten Beck: 'Bank bailouts can help competitors'
A bank bailout in a financial crisis can also positively effect its competitors, either because it prevents systemic problems, or because these
competitors are themselves its creditors, and so are indirectly also bailout recipients.
It means that bank bailouts do not necessarily require 'compensation' for
competitors. This is one of the conclusions from the CEPR report Bailing out the banks: Reconciling Stability and Competition, of which Tilburg University Professor and EBC chairman Thorsten Beck is one of the authors. The other authors are Diane Cole (Manchester University), Matthias Dewatripont (Universite Libre de Bruxelles), Xavier Freixas (Universitat Pompeu Fabra), and Paul Seabright (Toulouse School of Economics). CEPR is the Centre for Economic Policy Research.
The report assesses two related aspects of the policy response to the unprecedented financial crisis, competition policy and financial regulation. Published on 18 February, it addresses both the effectiveness of the response to the current crisis, and the lessons that can be drawn in order to reduce the likelihood of future crises.
The authors conclude that competition policy is indeed more important than ever in times of crisis, but that the competition rules appropriate to the banking sector are different from those that apply in other sectors. They stress that there should be a thorough competitive assessment of the banking sector following the recent bailouts. The fact that aid to individual banks has sector-wide competition implications means that a competition assessment conducted on a case-by-case basis is not sufficient.
Full report.
22 February 2010
Tilburg University wins the Dutch CFA Global Investment Research Challenge
Last week, five Master's students (Susanne Bouwmeester, Tianyin Jin, Steven Koppenaal, Roger Theunissen, Chen Xiang) of the Tilburg School of Economics and Management (TiSEM) won the Dutch CFA Institute Global Investment Research Challenge. They beat the Duisenberg School of Finance and the Rotterdam School of Management.
The TiSEM students will represent the Netherlands during the European finals on 24 and 25 March in Istanbul. The global finals will take place in Hong Kong on 17 April. The five TiSEM students follow a Master's programme in Tilburg: the Master's in Accounting and Finance. Each of them won a CFA Scholarship, and together they received a cheque of Euro 1000,-.
Six teams started in the Dutch Challenge in October 2009 analysing the subject company (Aalberts Industries), mentored by an experienced investment professional (member of CFA Netherlands society) and Dr. Lieven Baele (programme director Finance) and Prof.dr. Philip Joos (programme director Accounting). They have had a company presentation and had a one-on-one with company management. In the semi-finals, three teams were selected on the basis of the quality of their report. In the finals, a 10-minute presentation followed by a Q&A-session convinced the jury that the Tilburg University team
was the best. The jury consisted of Mr. De Bruin of Fortis Bank Nederland, Mr. Slagter of Vereniging Effecten Bezitters (VEB), Mrs. Van der Westen of IPE Magazine and Mr. Eijgendaal CFO of Aalberts Industries. The other universities taking part were the University of Amsterdam, Nyenrode, and Maastricht University.
The CFA Global Investment Research Challenge is an equity research competition among student teams from the world’s top university business and finance programs. The CFA Society of the Netherlands introduces the Challenge to the Netherlands as a means to promote best practices in research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. Universities and business schools take part upon invitation from the CFA Society.
TiSEM has been Program Partner of the CFA Institute since June last year.
More information on the Dutch Challenge you can find here.
11 February 2010
Duisenberg Research Fellowship for Harry Huizinga
Harry Huizinga (EBC, Tilburg University) was recently awarded a Duisenberg Research fellowship by the European Central Bank. This fellowship, initiated by the Directorate General Research (DG-R), focuses on leading economists in academia, central banks and top research institutions that are recognised international experts in their field of research. As of the end of March 2010, Huizinga will take this opportunity to conduct three months of research on homestead bankruptcy exemptions, household portfolios and the mortgage crisis in the U.S., a research field of interest to the ECB.
11 February 2010
Leo van der Tas Professor of Financial Accounting
Leo van der Tas has been appointed as professor of Financial Accounting. Prof. Van der Tas is in charge of the global Ernst & Young IFRS office in London. He holds major positions in international and national decision making institutions that set and maintain accounting standards. He is active in the IASB (International Accounting Standard Board, responsible for International Financial Reporting Standards) and AFM. Van der Tas will be teaching IFRS related topics in the master programs and he will initiate research reporting projects, e.g. into how IFRS impacts financial markets. Press release (in Dutch).
10 February 2010
Bovenberg and Prast speak at WRR conference
Henriëtte Prast and Lans Bovenberg both will speak at the conference Policy Challenges of Behavioral Science Research on 11 February 2010. The one-day (private) conference is organised by the Dutch Scientific Council for Government Policy (WRR) and TIBER, together with Netspar and the Dutch Ministry of Finance.
At the conference international top researchers will talk about new developments in behavioural sciences and its policy implications. In their attempts to devise new policy that helps citizens to make the right choices, policy makers now often lean on the rational choice model. Yet, due to modern developments in behavioural sciences, a useful policy alternative for the rational choice model starts to appear. The conference aims at making this new and relevant knowledge accessible for policy makers. The speakers at the conference will give an overview of the scientific knowledge in their research area, with an emphasis on policy implications.
Henriëtte Prast, WRR member, Professor Personal Financial Planning at Tilburg University, and Netspar member, will talk about the challenges of that behavioural science offers policy makers in the Netherlands. Economics Professor and Netspar scientific advisor Lans Bovenberg will take place in the panel discussion with Martin van Rijn (CEO PGGM) and Henk Smid (ZonMW). Read more (information in Dutch).
2 February 2010
Marketing Professor Bronnenberg receives prestigious Vici grant
Marketing Professor Bart Bronnenberg has been awarded an NWO Vici grant of 1.500.000 euros for his research project Seeing the Future First: Innovation, Entry, and the Market for New Products, a project in which he investigates marketing and management of innovative products. This grant of the Netherlands Organisation for Scientific Research (NWO) is given to outstanding, experienced researchers who have developed innovative research projects. With the grant, researchers have the opportunity to build their own research group over a period of 5 years. Bart Bronnenberg will use the grant to study what moves consumers to choose products that are introduced into the market for the first time, and how companies can profit from early entry into the market with their product. The results of this project can contribute to the development of effective innovation programmes and policy. Press release (in Dutch).