Theo Vermaelen conducts research on share buybacks, death spiral convertibles, mergers and acquisitions, and initial public offerings. Several of Vermaelen's articles have appeared in the Journal of Financial Economics, including "Mimicking Repurchases" with Massimo Massa and Zahid Rehman; "The Many Facets of Privately Negotiated Share Repurchases" with fellow Chicago Booth faculty member U. Peyer; "Death Spiral Convertibles" with P. Hillion; and "Glamour, Value and the Post-acquisition Performance of Acquiring Firms" with R. Rau. Vermaelen is a coeditor of the Journal of Empirical Finance.
In addition to teaching at the University of Chicago, Vermaelen has taught at the London Business School and UCLA. He is also a former portfolio manager for the KBC equity buyback fund. Vermaelen serves as program director of the Amsterdam Institute of Finance (a training institute for financial professionals). Vermaelen provides consulting services to various corporations and government agencies.
He is a member of the American Finance Association, the Western Finance Association, and the European Finance Association.
Vermaelen earned an undergraduate degree as a commercial engineer from Katholieke Universiteit Leuven in 1975, as well as an MBA in 1980 and a PhD in 1980 from the University of Chicago.
With Urs Peyer, "The Nature and Persistence of Buyback Anomalies," Review of Financial Studies (2008).
With Massimo Massa and Zahid Rehman, "Mimicking Repurchases," Journal of Financial Economics (2006).
With U. Peyer, "The Many Facets of Privately Negotiated Share Repurchases," Journal of Financial Economics (2005).
With P. Hillion, "Death Spiral Convertibles," Journal of Financial Economics (2004).
With R. Rau, "Glamour, Value and the Post-acquisition Performance of Acquiring Firms," Journal of Financial Economics (1998).