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Referee: American Economic Review, European Finance Review, Journal of Business, Journal of Business Finance and Accounting, Journal of Corporate Finance, Journal of Finance, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Industrial Economics, Rand Journal of Economics, Review of Economic Studies, Review of Finance, Review of Financial Studies and Zeitschrift für betriebswirtschaftliche Forschung.
Member of the Programme Committee, Meetings of the European Finance Association (1996, 1997, 1998, 1999, 2000, 2002, 2003) and the European Financial Management Association (1999, 2001, 2002).