Recerca

Bermejo, V. J., Ferreira, M. A., Wolfenzon, D., & Zambrana, R. (2025). How do Cash Windfalls Affect Entrepreneurship? Evidence from the Spanish Christmas Lottery. Journal of Financial and Quantitative Analysis, 1-47.
MÉS INFO

Fernández-Villaverde, J., Marbet, J., Nuño, G. & Rachedi, O. (2025). Inequality and the zero lower bound. Journal of Econometrics, 105819.
MÉS INFO

Parrondo, L., & Sala, C. (2025). Connectedness between traditional finance, cryptocurrencies and DeFi in the post-COVID period. Finance Research Letters, 76, 106897.
MÉS INFO

Ruth V. Aguilera, Vicente J. Bermejo, Javier Capapé, Vicente Cuñat. The Systemic Governance Influence of Expectation Documents: Evidence from a Universal Owner. The Review of Corporate Finance Studies, Volume 14, Issue 2, May 2025, Pages 372–407.
MÉS INFO

Adesi, G. B., Platen, E., & Sala, C. (2024). Managing the shortfall risk of target date funds by overfunding. Journal of Pension Economics & Finance, 1-25.
MÉS INFO

Basso, H. S., Jaimes, R., & Rachedi, O. (2024). Demographics and emissions: the life cycle of consumption carbon intensity. Oxford Bulletin of Economics and Statistics, 86(6), 1409-1437.
MÉS INFO

Bayona, A., & Manzano, C. (2024). Competition in Schedules with Cursed Traders. Journal of Economic Theory, 105935.
MÉS INFO

Huan, X., Parbonetti, A., Redigolo, G., & Zhang, Z. (2024). Social media disclosure and reputational damage. Review of Quantitative Finance and Accounting, 62(4), 1355-1396.
MÉS INFO

Kalemli-Özcan, Ş., Sørensen, B. E., Villegas-Sanchez, C., Volosovych, V., & Yeşiltaş, S. (2024). How to Construct Nationally Representative Firm-Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration. American Economic Journal: Macroeconomics, 16(2), 353-374.
MÉS INFO

Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., (...), Dumitrescu, A., (…) & Khomyn, M. K. (2024). Nonstandard errors. The Journal of Finance, 79(3), 2339-2390.
MÉS INFO

Pravosud, M., & Sala, C. (2024). Smart Deep Learning Calibration of the SABR Model. Journal of Financial Data Science, 6(3), 147-181. 
MÉS INFO

Alexander, A., Pilonato, S., & Redigolo, G. (2022). Do institutional donors value social media activity and engagement? Empirical evidence on Italian non-profit grantees. The British Accounting Review.
MÉS INFO

Andreou P., Anyfantaki S., Maasoumi E., Sala C. (2023). Extremal quantiles and stock price crashes. Econometric Reviews, 42, 703-724.
MÉS INFO

Bali, T., Del Viva, L., El Hefnawy, M., Trigeorgis, L. (2023). Value Uncertainty. Management Science, 70(7): 4548-4563.
MÉS INFO

Bayona A., Dumitrescu A., Manzano C. (2023). Information and optimal trading strategies with dark pools. Economic Modelling, 126, 10376. 
MÉS INFO

Bouakez, H., Rachedi, O., & Santoro, E. (2023). The government spending multiplier in a multi-sector economy. American Economic Journal: Macroeconomics, 15(1): 209-39.
MÉS INFO

Calice, G., Sala, C., & Tantari, D. (2023). Contingent convertible bonds in financial networks. Scientific Reports, 13(1), 22337.
MÉS INFO

Dumitrescu A., Järvinen J., Zakriya M. (2023). Hidden Gem or Fool’s Gold: Can passive ESG ETFs outperform the benchmarks? International Review of Financial Analysis, 86, 102540. 
MÉS INFO

Forte, S., Lovreta, L. (2023). Credit Default Swaps, the Leverage Effect, and Cross-Sectional Predictability of Equity and Firm Asset Volatility. Journal of Corporate Finance, 79, 102347.
MÉS INFO

Jhunjhunwala, T. (2023). Searching to avoid regret in charitable giving. Journal of the Economic Science Association, 9(2), 207-226.
MÉS INFO

Mattei M., Platikanova P. Enhancing bank transparency: Financial reporting quality, fraudulent peers and social capital. Accounting & Finance, 63(3): 3419-3454.
MÉS INFO

Mayordomo, S., Rachedi, O., Rodríguez-Moreno, M. (2023). Bank regulatory capital arbitrage: Evidence from housing overappraisals. Management Science, 70(4): 2255-2271.
MÉS INFO

Peri, A., Rachedi, O., & Varotto, I. (2023). Public investment in a production network: Aggregate and sectoral implications. Review of Economics and Statistics, 1-45.
MÉS INFO

Platikanova P. (2023). The Real Effects of Analyst Research Quality: Evidence from the Adoption of the Broker Protocol. Australian Accounting Review, 33(3), 237-261.
MÉS INFO

Platikanova, P., & Soonawalla, K. (2023). Shared Auditors in Private Lending. Journal of Accounting, Auditing & Finance, 0148558X231202285.
MÉS INFO

Ballabriga, F., & Davtyan, K. (2022). Distributional impact of monetary policy in the UK: from conventional to unconventional policy. Journal of Economic Policy Reform, 25(4): 435-450. 
MÉS INFO

Bayona, A., López, Á. L., & Manganelli, A. G. (2022). Common ownership, corporate control and price competition. Journal of Economic Behavior & Organization, 200, 1066-1075.
MÉS INFO

Bayona, A., & Peia, O. (2022). Financial contagion and the wealth effect: An experimental study. Journal of Economic Behavior & Organization, 200, 1184-1202.
MÉS INFO

Bedford, D., Bisbe, J., & Sweeney, B. (2022). Enhancing external knowledge search: The influence of performance measurement system design on the absorptive capacity of top management teams. Technovation, 118, 102586.
MÉS INFO

Bedford, D., Bisbe, J., & Sweeney, B. (2022). The joint effects of performance measurement system design and TMT cognitive conflict on innovation ambidexterity. Management Accounting Research, 100805.
MÉS INFO

Bellini, F., Rroji, E., & Sala, C. (2022). Implicit quantiles and expectiles. Annals of Operations Research, 313,733–753.
MÉS INFO

Boesso, G., Cerbioni, F., Kumar, K., & Redigolo, G. (2022). Determinism vs. solidarism: the philanthropic approach of foundations. International Journal of Business Governance and Ethics, 16(3), 317-336.
MÉS INFO

Dávila, A. & Guasch, M. (2022) Managers’ Body Expansiveness, Investor Perceptions, and Firm Forecast Errors and Valuation. Journal of Accounting Research, forthcoming.
MÉS INFO

Dumitrescu, A., & Zakriya, M. (2022). Governance, information flow, and stock returns.Journal of Corporate Finance, 72, 102168.
MÉS INFO

Mayordomo, S. and Rachedi, O.(2022). The China syndrome affects banks: the credit supply channel of foreign import competition. Journal of Financial and Quantitative Analysis, 3114 - 314.
MÉS INFO

Moro, A., and Rachedi, O. (2022) The Changing Structure of Government Consumption Spending. International Economic Review, 63(3), 1293-1323.
MÉS INFO

Del Viva, L., Kothari, S.P., Lambertides, N., Trigeorgis, L., (2021). Asymmetric return and the economic content of accruals. Management Science, 67(6).
MÉS INFO

Del Viva, L., Kasanen, E., Saunders, A., & Trigeorgis, L. (2021). Is bailout insurance and tail risk priced in bank equities? Journal of Financial Stability, 55, 100909.
MÉS INFO

Del Viva, L., Kasanen, E., Saunders, A., & Trigeorgis, L. (2021). US government TARP bailout and bank lottery behavior. Journal of Corporate Finance, 66, 101777.
MÉS INFO

Dumitrescu, A., & Zakriya, M. (2021). Stakeholders and the stock price crash risk: What matters in corporate social performance? Journal of Corporate Finance, 67, 101871.
MÉS INFO

Basso, H. S., & Rachedi, O. (2021). The young, the old, and the government: demographics and fiscal multipliers. American Economic Journal: Macroeconomics, 13(4): 110-141.
MÉS INFO

Díez, F. J., Fan, J., & Villegas-Sánchez, C. (2021). Global declining competition? Journal of International Economics, 132, 103492.
MÉS INFO

Fons-Rosen, C., Kalemli-Ozcan, S., Sørensen, B. E., Villegas-Sanchez, C., & Volosovych, V. (2021). Quantifying productivity gains from foreign investment. Journal of International Economics, 131, 103456.
MÉS INFO

Bayona, A., Brandts, J., & Vives, X. (2020). Information frictions and market power: A laboratory study. Games and Economic Behavior, 122, 354-369.
MÉS INFO

Bermejo, V. J., Campa, J. M., Campos, R. G., & Zakriya, M. (2020). Do foreign stocks substitute for international diversification? European Financial Management, 26 (5), 1191-1223.
MÉS INFO

Del Viva, L., & El Hefnawy, M. (2020). Financing decisions: The case of convertible bonds. International Review of Financial Analysis, 67, 101393.
MÉS INFO

Bali, T. G., Del Viva, L., Lambertides, N., & Trigeorgis, L. (2020). Growth options and related stock market anomalies: Profitability, distress, lotteryness, and volatility. Journal of Financial and Quantitative Analysis, 55(7), 2150-2180.
MÉS INFO

Caballé, J., & Dumitrescu, A. (2020). Disclosure of corporate tax reports, tax enforcement, and price information. Journal of Banking & Finance, 121, 105978.
MÉS INFO

Dumitrescu, A., El Hefnawy, M., & Zakriya, M. (2020). Golden geese or black sheep: Are stakeholders the saviors or saboteurs of financial distress? Finance Research Letters, 37, 101371.
MÉS INFO

Epure, M., & Guasch, M. (2020). Debt signaling and outside investors in early stage firms. Journal of Business Venturing, 35(2), 105929.
MÉS INFO

Soonawalla, K., & Platikanova, P. (2020). Who monitors opaque borrowers? Debt specialization, institutional ownership, and information opacity. Accounting and Finance, 60(2), 1864-1904.
MÉS INFO

Jia, W., Redigolo, G., Shu, S., & Zhao, J. (2020). Can social media distort price discovery? Evidence from merger rumors. Journal of Accounting and Economics, 70(1), 101334.
MÉS INFO

Barone-Adesi, G., Fusari, N., Mira, A., & Sala, C. (2020). Option market trading activity and the estimation of the pricing kernel: A Bayesian approach. Journal of Econometrics, 216(2), 430-449.
MÉS INFO

Sala, C., & Barone-Adesi, G. (2020). Sentiment lost: the effect of projecting the pricing kernel onto a smaller filtration set. Stochastic Analysis and Applications, 38(4), 686-707.
MÉS INFO

Meier, V., & Schiopu, I. (2020). Enrollment expansion and quality differentiation across higher education systems. Economic Modelling, 90, 43-53.
MÉS INFO

Molino A., & Sala C. (2021). Forecasting Value at Risk and Conditional Value at Risk using Option Market Data. Journal of Forecasting, 40(7): 1190-1213.
MÉS INFO

2019 

Performance measurement systems as generators of cognitive conflict in ambidextrous firms Bedford, D., Bisbe, J. & Sweeney, M. (2019) Accounting, Organizations and Society, 72 (1), pp. 21-37.
MÉS INFO

Retained earnings, interest rates and lending relationship Dumitrescu, A. (2019) The B.E. Journal of Theoretical Economics, 1 (19), pp. 110-121.
MÉS INFO

Volatility discovery: Can the CDS market beat the equity options market? Forte, S. & Lovreta, L. (2019) Finance Research Letters, 28, pp. 107-111.
MÉS INFO

Competitive Pressure Widens the Gender Gap in Performance: Evidence from a Two-Stage Competition in Mathematics Iriberri, N., Rey-Biel, P. (2019) The Economic Journal, Vol 129(620), pp. 1863–1893.
MÉS INFO

Option‐Implied Risk Measures: An Empirical Examination on the S&P 500 Index Barone-Adesi, G.; Legnazzi, C.; Sala, C. (2019) International Journal of Finance and Economics, pp.1-20
MÉS INFO

Testing Market Efficiency with the Pricing Kernel Barone-Adesi, G.; Sala, C. (2019) European Journal of Finance, Vol 25,13, pp.1166-1193
MÉS INFO

The credit supply channel of foreign import competition. Mayordomo, S. and Rachedi, O. Journal of Financial and Quantitative Analysis, forthcoming.
MÉS INFO

WTI Crude Oil Option Implied VaR and CVaR: An Empirical Application Barone-Adesi, G.; Finta, M.A.; Legnazzi, C.; Sala, C. (2019) Journal of Forecasting, Vol 38, Issue 6, pp. 552-563
MÉS INFO

2018 

Dynamic fiscal competition: A political economy theory Arcalean, C. (2018) Journal of Public Economics, 164, p. 211 – 224
MÉS INFO

Silent financial interests and product innovation Bayona, A. & López, Á. (2018) Economics Letters, 170, p. 109 – 112
MÉS INFO

The social value of information with an endogenous public signal Bayona, A. (2018). Economic Theory, 66 (4), pp. 1059-1087.
MÉS INFO

Market frictions, investor sophistication, and persistence in mutual fund performance Dumitrescu, A. & Gil Bazo, J. (2018). Journal of Financial Markets, 40 (-), pp. 40-59.
MÉS INFO

2017 

International tax competition and the deficit bias Arcalean, C. (2017). Economic Inquiry, 55 (1), pp. 51-72.
MÉS INFO

Specialization, risk sharing and the Euro Ballabriga Clavería, F. & Villegas Sanchez, C. (2017) Journal of Common Market Studies, 55 (6), pp. 1380-1397.
MÉS INFO

Management control and trust in virtual settings: A case study of a virtual new product development team Bisbe, J. & Sivabalan, P. (2017). Management Accounting Research, 37 (December 2017), pp. 12-29.
MÉS INFO

Real options, idiosyncratic skewness, and diversification Del Viva, L., Kasanen, E. & Trigeorgis, L. (2017) Journal of Financial and Quantitative Analysis, 52 (1), pp. 215-241.
MÉS INFO

Debt maturity and tax avoidance Platikanova, P. (2017). European Accounting Review, 26 (1), pp. 97-124.
MÉS INFO

Do product market threats affect analyst forecast precision? Mattei, M. & Platikanova, P. (2017) Review of Accounting Studies, 22 (4), pp. 1628-1665.
MÉS INFO

Investor-legislators: Tax holiday for politically connected firms Platikanova, P. (2017) The British Accounting Review, 4 (49), pp. 380-398.
MÉS INFO

Stereotypes are Only a Threat when Beliefs are Reinforced. On the Sensitivity of Gender Differences in Performance under Competition to Information Provision Iriberri, N.; Rey-Biel, P. (2017) Journal of Economic Behavior and Organization, Vol 135, pp. 99-111
MÉS INFO

Capital allocation and productivity in South Europe Gopinath, G., Kalemli-Ozcan, Sebnem, Karabarbounis, L. & Villegas Sanchez, C.17). Quarterly Journal of Economics, 132 (4), pp. 1915-1967.
MÉS INFO