Leo de Haan
Leo de Haan
Economics and Research Division
phone +31 20 5243539
email Leo de Haan
Education
1997 - Ph.D. Economics, Erasmus University; dissertation: Financial Behaviour of the Dutch Corporate Sector.
1991 - MBA Financial Economics, Tilburg University (TIAS Business School).
1982 - M.Sc. Economics, University of Amsterdam.
Research interests
- Financial institutions
- Financial stability
- Corporate finance
Working papers
Momentum or contrarian investment strategies: evidence from Dutch institutional investors (with Jan Kakes), DNB Working Paper no. 242, January 2010. Download
Pension fund finance and sponsoring companies: empirical evidence on theoretical hypotheses (with E.P. Davis and S. Grob), DNB Working Paper no. 158, December 2007. Download
Market timing and capital structure: a transatlantic comparison (with W.A. Bruinshoofd), DNB Working Paper no. 144, August 2007. Download
Asymmetric price adjustment in the Dutch mortgage market (with E. Sterken), DNB Working Paper no. 61, November 2005. Download
Asset price shocks, real expenditures, and financial structure: a multi-country analysis (with R.S. Chirinko and E. Sterken), DNB Working Paper no. 14, October 2004, and CESifo Working Paper no. 2342, July 2008. Download
Publications in refereed journals
de Haan, L, and J. Kakes (forthcoming), Are non-risk based capital requirements for insurance companies binding?, Journal of Banking and Finance.
de Haan, L., H. Schokker and A. Tcherneva (2008), What do current account reversals in OECD countries tell us about the US case?, The World Economy 31(2), 286–311. Download
de Bie, T., and L. de Haan (2007), Market timing and capital structure: evidence for Dutch firms, De Economist 155(2), 183-206. Download
de Haan, L., and E. Sterken (2006), The impact of monetary policy on the financing behaviour of firms in the euro area and the UK, The European Journal of Finance 12(5), 401-420. Download
de Haan, L., and J.I. Kakes (2004), The financial system and corporate finance since the euro: recent developments, prospects and policy initiatives, Financial & Monetary Studies 22(4). Go to FMS
de Haan, L., and J. Hinloopen (2003), Preference hierarchies for internal finance, bank loans, bond, and share issues, Journal of Empirical Finance 10(5), 661-681. Download
de Haan, L. (2003), Microdata evidence on the bank lending channel in the Netherlands, De Economist 151(3), 293-315. Download
de Haan, L., C.G. Koedijk and J.E.J. de Vrijer (1994), Buffer stock money and pecking order financing, De Economist 142(3), 287-305. Download
Publications in books
de Haan, L. (2003), The impact of monetary policy on bank lending in the Netherlands, in: I. Angeloni, A. Kashyap and B. Mojon (eds.), Monetary Policy Transmission in the Euro Area, Cambridge University Press, 335-346. Download
de Haan, L. (2003), Discussion of: Financing and investment interdependencies in unquoted Belgian companies: the role of venture capital, by K. Bayens, S. Manigart and I. Verschueren, in: P. Butzen and C. Fuss, Firms' Investment and Finance Decisions, Edward Elgar, 126-128.
van Ees, H., H. Garretsen, L. de Haan and E. Sterken (1998), Investment and debt constraints: evidence from Dutch panel data, in: S. Brakman, H. van Ees and S.K. Kuipers (eds.), Market Behaviour and Macroeconomic Modelling, Macmillan Press, 159-179. Download
Other publications
de Haan, L., and J. Kakes (2009), A probit model for insolvency risk among insurers, Proceedings of the 9th International Scientific School 'Modelling and Analysis of Safety and Risk in Complex Systems. Download
Grob, S., and L. de Haan (2008), Pensioenfonds en sponsor (Pension fund and sponsor), Economisch Statistische Berichten 93(4536), 342-343. Download
de Haan, L. (1999), Het verband tussen investeren en financieren: een financiële-stromenmodel voor Nederlandse beurs-nv's (The link between investment and financing: a flow of funds model for Dutch listed firms), VBA Journaal 15(4), 2-8. Download
Angevaare, R.P. and L. de Haan (1999), Nederlandse banken op weg naar 2000 (Dutch banks on their way toward 2000), Bank- en Effectenbedrijf 48(3), 15-20. Download
de Haan, L. (1999), Credit, Investments and the Macroeconomy, by M. Mazzoli, De Economist 147(1), 104-106.
de Haan, L. and M.C.J. van Rooij (1998), The Dutch economy in 1999 and 2000: a forecast using MORKMON, DNB Quarterly Bulletin, December.
de Haan, L. and F.W. Vijselaar (1998), De vernieuwde conjunctuurindicator (The renewed business cycle indicator), Economisch Statistische Berichten 83(4165), 660-664. Download
de Haan, L. (1997), Nederlandse bedrijven prefereren interne financiering (Dutch firms prefer internal finance), F&O 12, 3-5. Download
van Ees, H., J.H. Garretsen, L. de Haan and E. Sterken (1997), Investeringen en kredietbeperking (Investment and credit constraints), Maandblad voor Accountancy en Bedrijfseconomie 71(11), 557-567. Download
Goudswaard, K.P., J. de Haan, L. de Haan and R.M. Oort (1996), Schuldmanagement van de Staat (Government debt management), Financiële & Monetaire Studies 15(1).
de Haan, L. (1996), Kosten van eigen vermogen: schattingen van het vereiste rendement op aandelen van Nederlandse beursondernemingen (Cost of equity: estimations of the required rate of return on equity for Dutch listed firms), VBA-Journaal 12(1), 14-20. Download
de Haan, L. (1995), Dividendbeleid van Nederlandse beursondernemingen (Dividend policy of Dutch listed firms), Maandblad voor Accountancy en Bedrijfseconomie 69(12), 774-785. Download
de Haan, L., C.G. Koedijk and J.E.J. de Vrijer (1992), Gebruik van kort bankkrediet nader bekeken (A closer look at the use of short-term bank credit), Bank- en Effectenbedrijf 41(11), 28-33. Download
de Haan, L., C.G. Koedijk and J.E.J. de Vrijer (1992), Het liquiditeitsbezit van bedrijven (Liquidity holdings by firms), Economisch Statistische Berichten 77(3886), 1116-1120. Download
de Haan, L. (1992), Solvabiliteit en pikordegedrag (Solvency and pecking order behaviour), Economisch Statistische Berichten 77(3854), 344-348. Download
de Haan. L., C.G. Koedijk and J.E.J. de Vrijer (1992), De stijging van het liquiditeitsbezit in de jaren tachtig: een enquête onder Nederlandse bedrijven en financiële instellingen (The rise of liquidity holdings in the 1980s: a survey among Dutch nonfinancial firms and financial institutions), DNB-Monetaire Monografieën 12.
Bikker, J.A. and L. de Haan (1990), DNB-conjunctuurindicator: een terugblik op vooruitzien (The DNB business cycle indicator: the art of looking ahead in retrospect), Economisch Statistische Berichten 75(3787), 1188-1192. Download
Swank, J., L. de Haan and F.J. Veldkamp (1989), Financiële balansen van gezinnen en bedrijven (Financial balances of households and firms), 1982-1987, DNB-Monetaire Monografieën 10.
de Haan, L. (1989), De financiële kwetsbaarheid van gezinnen (Financial vulnerability of households), Economisch Statistische Berichten 74(3719), 768-771. Download
Bikker, J.A. and L. de Haan (1988), Forecasting business cycles: a leading indicator for the Netherlands, DNB-Quarterly Bulletin, December, 71-82. Download
Alders, J.A.J. and L. de Haan (1988), Macro-economische en financieringsaspecten van de bouw (Macro-economic and financial aspects of construction), Rotterdamse Monetaire Studies 31.
Latest update: February 2010
