Petya Platikanova
Associate Professor in ESADE
URL Associate Professor


  • Ph.D. in Economics, Finance and Management. Universitat Pompeu Fabra
  • Master in Management. Universitat Pompeu Fabra

Areas of interest

  • Financial statement analysis
  • Stock market efficiency
  • Accounting disclosure
  • Corporate Finance
  • International Financial Reporting Standards (IFRS)


Petya Platikanova is Associate Professor in the Department of Economics, Finance and Accounting at ESADE Business School. She holds MSc in Political Science (Sofia University, Bulgaria), MSc in Economics and Management (University Pompeu Fabra, Spain) and PhD in Economics and Management (Specialization: Financial Accounting; University Pompeu Fabra, Spain).
In the period 1998-2003, Petya was a project manager and leading researcher in numerous projects, financed by USAID, Marshall Fund, Open Society Foundation, Freedom House, National Endowment for Democracy, among others. She was also involved in several legislative reforms, including on the Law on Competition and the Law on Public Procurement. Additionally, she consulted several major banks and multinational companies on their entry in Bulgaria.
Petya's research interest is at the intersection of corporate finance and financial accounting. Her research has been published in the Financial Analysts Journal (CFA Publication). Her latest work examines the determinants and implications of cash holdings. For her last research on this topic, she has been awarded with the Best Paper on Stock Markets and Pricing (BMEX award) on the Finance Forum (2010).
Petya serves as a referee for the Financial Analysts Journal, The Financial Review, Journal of Banking and Finance, European Accounting Review and Managerial Finance. She gives classes on Financial statement analysis (MBA, MSc in Finance, Executive education).

Selected publications

Platikanova, P. & Soonawalla, K. (Forthcoming). Who monitors opaque borrowers? Debt specialization, institutional ownership, and information opacity. Accounting & Finance. DOI: 10.1111/acfi.12518.

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

Platikanova, P. (2017). Investor-legislators: Tax holiday for politically connected firms. The British Accounting Review, 4 (49), pp. 380-398. DOI: 10.1016/

Platikanova, P. (2017). Debt maturity and tax avoidance. European Accounting Review, 26 (1), pp. 97-124. DOI: 10.1080/09638180.2015.1106329.

Platikanova, P. (2016). S&P 500 index addition, liquidity management and Tobin's Q. Accounting & Finance, 56 (2), pp. 479-508. DOI: 10.1111/acfi.12105.

Platikanova, P. & Mattei, M. (2016). Firm geographic dispersion and financial analysts forecasts. Journal of Banking & Finance, 64 (March 2016), pp. 71-89. DOI: 10.1016/j.jbankfin.2015.11.012.

Platikanova, P. & Perramon, J. (2012). Economic consequences of the first-time IFRS introduction in Europe. Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad, XLI (156), pp. 497-519.

Platikanova, P. (2011). ¿Qué valor tienen las reservas de efectivo en tiempos de crisis?. Harvard Deusto Finanzas & Contabilidad, (99), pp. 4-16.

Alfaro Faus, M., Arenas Vives, D., Batllori Lloveras, G., Bieto Caubet, E., Bonache, J. A., Busquets Carretero, J. & et al. (2010). Batllori Lloveras, G. (Ed.), El MBA de ESADE: todos los conocimientos para alcanzar el éxito profesional. Barcelona: Planeta.

Elvira , Ò. & Platikanova, P. (2008). Earnings management and audit adjustments: An empirical study of IBEX 35 constituents. Working papers (1129). Barcelona: ESADE.

Platikanova, P. (2008). Long-Term price effect of S&P 500 addition and earnings quality. Financial Analysts Journal, 64 (5), pp. 62-76. DOI: 10.2469/faj.v64.n5.7.

Dimitrov , M., Platikanova, P. & Stanchev , K. (2003). Balkan political economy: Crisis, policy and business. The inflexibility trap: Frustrated societies, weak states and democracy: The state of democracy in the Southeast Europe (pp. 31-60). Sofia: Centre for Liberal Strategies.

Platikanova, P., Bodganov , L. & Angelov , G. (2003). State policies in the field of disability or About policies and people. In Angelov , G., Mladenova, V., Dyankov, M., Blazheva, S. & Milenkhov, N. (Eds.),Platikanova, P. & Bogdanova , L., Disability - A deficit or a survival means: Disability rights in Bulgaria: A survey 2002: [The disability rights in Bulgaria Review 2002] (pp. 47-69). Dublin: Centre for Independent Living.

Stanchev , K. & Platikanova, P. (2003). Balkan constitution making: Is there a peculiarity and what is to be expected?. The inflexibilityt trap: Frustrated societies, weak states and democracy: The state of democracy in the Southeast Europe (pp. 61-93). Sofia: Centre for Liberal Strategies.