Ph.D. Economic Sciences 1996, University of Amsterdam (cum laude)
Title dissertation: Growth Options and Strategy Analysis
Scholarships, Grants and International Project Funding
Project funding Individual/ external funding
Co-founder and Member of the International Theme Group 1998-1999: “Real Options”, at NIAS with Prof. C.G. de Vries, Prof. L. Trigeorgis (team leaders) and Prof. G. Sick (total budget over fl 1mln
HAL-chair of Private Equity 2001-2008. Full funding of a chair and Ph.D position (accumulates over €1 mln )
Netherlands Organisation for Scientific Research (NWO), 1993 and 1997
Rotterdamse Vereniging van Effectenhandelaren Grant, 1993 and 1996
Vereniging Erasmus Stichting Fonds voor de Geld- en Effectenhandel, 1996
Royal Dutch Shell Grant, 1995
Trustfund Grant, 1993
Professional and Scholarly Publishing Award 2004 of the Association of American Publishers in the category Business, Management & Accounting for the book “Strategic Investment: Real Options and Games”.
(Co)-Mentor of Ph.D. projects
2002 – 5/2005 (ERIM) W. DeMaesenaire (100% external financing)
2000 – 12/2004 (ERIM) P.M. van Vliet (Smit co-mentor) with Prof G.T. Post (supervisor)
2001 –2006 (TI) W. A. van den Berg (50% HAL external financing)
Games Approach", California Management Review, 51(2), 21-39.
Trigeorgis, L., Brosch, R and Smit, H.T.J., 2007, “The Journal Report: Business Insight - Strategy: Stay Loose”, The Wall Street Journal, September 15, 2007, p. R4
Smit H.T.J. and L. Trigeorgis, 2007, "Flexibility, Strategic Options and Dynamic Competition in Technology Industries", Long Range Planning 40, pp 84-114.
H.T. Haanappel and Smit H.T.J., 2007,"Return Characteristics of Strategic Options", Annals of Operations Research. Vol 151, 1, April 2007 pp. 57-80.
Smit, H.T.J. and L. Trigeorgis, 2006, "Real options and games: Competition, Alliances and Other Applications of Valuation and Strategy", Review of Financial Economics, Volume 15, Issue 2, 1 January, pp. 95-112.
Haanappel H.T.and H. T. J Smit, “Return Distributions of Strategic Growth Options”, Annals of Operations Research, Vol 151, 1, April 2007 pp. 57-80.
Smit, H.T.J. and L. Trigeorgis, 2006, “Real options and games: Competition, alliances and other applications of valuation and strategy” “ Review of Financial Economics, Volume 15, Issue 2, 1 January, pp. 95-112.
Smit H.T.J.. and L. Trigeorgis, 2006, "Strategic Planning: Valuing and Managing Portfolios of Real Options", R&D management, Vol. 36, issue 4, pp. 403-420
Smit H.T.J., 2003, “Infrastructure Investment as a Real Options Game: the Case of European
Airport Expansion,” Financial Management, (Winter), pp. 27 – 58.
Smit H.T.J.. and L. Trigeorgis, 2003, “Real Options: Examples and Principles of Valuation and Strategy,” in Venture capital contracting and the valuation of high tech firms, Joe Mc Cahery and Luc Renneboog (eds.), Oxford University Press.
Smit H.T.J., 2001, “Acquisitions Strategies as Option Games,” Journal of Applied Corporate Finance, (Summer), pp. 79 - 89.
Smit H.T.J. and L. Trigeorgis, 2001 “Flexibility and Commitment in Strategic Investments”, Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions by Eduardo S. Schwartz and Lenos Trigeorgis (eds.), MIT Press, 2001, pp. 451-498
Smit H.T.J. and L.A. Ankum, 2000 “Approach to Corporate Investment Strategy under
Competition,”Game Choices: The Intersection of Real Options and Game Theory,
S.R., Grenadier, (ed.), Risk Books, London.
Smit H.T.J. and L. Trigeorgis, “Growth Options, Competition and Strategy: An Answer to the
Market Valuation Puzzle? in Real Options Strategies: Concepts Models, and Industry
Boonekamp, P.G.M., H.T.J.. Smit en J.R. Ybema, “Including Climate Change in Energy Investment Decisions,” ECN Beleidstudies, ECN-C-95-073, Petten,1995.
E. Presentations Strategic Management Association, “Acquisitions as a Real Options Bidding Game”, Puerto Rico, November 2004
Research, European Financial Review, Real Options (Oxford University Press), and other
journals and books.
Various courses (in Corporate Finance, Private Equity, and Real Options for the faculty of economics at Erasmus University, the Rotterdam School of Management and several corporations (e.g., Mees&Pierson, National Investment Bank (NIB), HAL masterclass).
2004 Co-ordinator of the master program in Financial Economics
Organization HAL-Masterclass in Private Equity (with Barry Lassche and Matthijs Schoten)