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YanickAnnema/README.md

Hi, I'm Yanick

I'm finishing an MSc in Financial Engineering & Management at the University of Twente (July 2026) and work in M&A at Moore MKW Corporate Finance. My work sits where applied ML meets finance: interpretable models, honest baselines, and reporting null results when that's what the data says.

I'm moving toward empirical AI economics: how AI adoption is actually changing professional work, and why adoption patterns diverge from theoretical capability.

Where to start

Repo What it shows
ma-premium-bunching Do acquisition premia bunch at round numbers like offer prices do? On 320 US cash takeovers, offer prices cluster hard (37% end in .00) but premia do not (21% on a 5% multiple vs 20% by chance); a spine test shows the faint premium roundness is mechanical inheritance from round prices.
ai-credit-risk Is AI displacement risk priced in corporate bonds? A firm-level exposure measure (industry automatability times labor intensity) on monthly Z-spreads for 344 issuers, with finance subsidiaries mapped to parents through the LSEG ultimate-parent id. A clean, well-identified null: point estimates are right-signed but only the rating-controlled cross-section is marginally significant, and the adoption channel does not separate.
ai-exposure-firm-outcomes Does a firm's exposure to AI show up in its stock returns or fundamentals? A firm-level AI measure built from 10-K text, tested with Fama-French event studies and fixed-effects panels. No robust effect, and the paper shows why industry-level exposure measures are too collinear and why exposure event studies carry pre-trends.
rl-trading-agent DQN comparing four reward designs under transaction costs. The agent loses to buy-and-hold out of sample, and the result is how much reward design alone changes behaviour.
credit-risk-pd Macro-conditional default probabilities via the Belkin one-factor model, with parameter-recovery tests on synthetic data.
capital-structure-rf Random forest vs linear baselines for corporate capital structure, served via a Shiny app (R).
jump-diffusion-pricing Merton jump-diffusion simulation, calibration, and tail-risk pricing vs Black-Scholes.
click-fund-derivatives Closed-form and Monte Carlo pricing of a capital-protected structured product.

Coming July 2026: my MSc thesis code, an interpretable ML framework (XGBoost + SHAP) predicting post-merger operating performance on 4,229 public-firm M&A transactions.

Contact

yftannema@gmail.com · LinkedIn

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  1. ai-credit-risk ai-credit-risk Public

    Is AI displacement risk priced in corporate bonds? Firm-level exposure (industry automatability times labor intensity) on monthly Z-spreads for 344 issuers. A clean, well-identified null.

    Python 1

  2. ai-exposure-firm-outcomes ai-exposure-firm-outcomes Public

    Does firm AI exposure show up in stock returns or fundamentals? A 10-K AI measure with event studies and fixed-effects panels. A robust null that shows why exposure designs mislead.

    Python