Subject areas
Faculty of Economics and Business Administration
Team
Universidad de Deusto
Research aims
Our approach in the finance research team is twofold. First, we examine cutting-edge research in finance and aim to fill existing gaps related to asset pricing, corporate finance, behavioural finance, and investment fund management, all with an orientation towards the field of sustainable finance. Second, we look at financial markets and evaluate the practical challenges faced by participants in such markets (investors - institutional and retail, managers, corporations, organizations, regulators, and policy makers); we address aspects such as the financial consequences of different investment strategies, specific regulations and particular types of information. Both approaches allow us to advance financial knowledge in a theoretical, empirical and practical perspective.
Our research team is formed by several members who provide transversality in terms of specialisation and research experience. An international dimension also accompanies the research team through the scientific collaboration of its members with researchers from international universities.
An ongoing improvement process drives the group towards the frontier of knowledge.
Research area
Finance and Value Creation.
Team
Principal Investigator
Guillermo Badía
Researchers
Fernando Gómez-Bezares
Javier Santibáñez
Joseba Madariaga
Miguel Ángel Larrinaga
Mikel Larreina
José Vicente Ugarte
Estíbaliz Goicoechea
Leyre Goitia
Lidia Lobán
Olga del Orden
Alejandro Babío
Impact of Regulatory Measures on Risk Diversification on the Financial Performance of Indexed Portfolios in Europe
Lobán Acero, Lidia; Goitia Berriozabal, Leyre; Badía Fraile, Guillermo
Congress name: Impact of Regulatory Measures on Risk Diversification on the Financial Performance of Indexed Portfolios in Europe / City: Paris / Country: Francia / Publication name: Impact of Regulatory Measures on Risk Diversification on the Financial Performance of Indexed Portfolios in Europe / Start date: 2023/12/04
EFFECTS OF RISK DIVERSIFICATION REGULATION ON THE FINANCIAL PERFORMANCE OF EUROPEAN INDEXED PORTFOLIOS
Goitia Berriozabal, Leyre; Lobán Acero, Lidia; Badía Fraile, Guillermo
Congress name: EFFECTS OF RISK DIVERSIFICATION REGULATION ON THE FINANCIAL PERFORMANCE OF EUROPEAN INDEXED PORTFOLIOS / City: Funchal / Country: Portugal / Publication name: EFFECTS OF RISK DIVERSIFICATION REGULATION ON THE FINANCIAL PERFORMANCE OF EUROPEAN INDEXED PORTFOLIOS / Start date: 2023/07/05 / End date: 2023/07/07
Behavioural finance in sustainable finance: could socially responsible investors be more rational than conventional ones.
Badía Fraile, Guillermo; Goicoechea Zulaica, Estibaliz; Ugarte Susaeta, Jose Vicente; Lobán Acero, Lidia
Congress name: Behavioural finance in sustainable finance: could socially responsible investors be more rational than conventional ones. / Country: España / Publication name: Behavioural finance in sustainable finance: could socially responsible investors be more rational than conventional ones. / Start date: 2023/06/15 / End date: 2023/06/16
How do auditors express their opinion on sustainability information? Non-financial information and its assurance at European level
Goicoechea Zulaica, Estibaliz; Gómez-Bezares Pascual, Fernando; Alcañiz Gonzalez, Leire
Congress name: How do auditors express their opinion on sustainability information? Non-financial information and its assurance at European level / Country: España / Publication name: How do auditors express their opinion on sustainability information? Non-financial information and its assurance at European level / Start date: 2022/06/09 / End date: 2022/06/10
Are investments in material corporate social responsibility issues a key driver of financial performance?
Badía Fraile, Guillermo; Gómez-Bezares Pascual, Fernando; Ferruz, Luis
Congress name: Are investments in material corporate social responsibility issues a key driver of financial performance? / Country: España / Publication name: Are investments in material corporate social responsibility issues a key driver of financial performance? / Start date: 2021/04/15 / End date: 2021/04/16
Improving the audit report: a consensus between the perceptions of auditors and users
Goicoechea Zulaica, Estibaliz; Gómez-Bezares Pascual, Fernando; Ugarte Susaeta, Jose Vicente
Congress name: Improving the audit report: a consensus between the perceptions of auditors and users / City: La Valeta / Country: Malta / Publication name: Improving the audit report: a consensus between the perceptions of auditors and users / Start date: 2020/09/04 / End date: 2020/09/06
Ponencia: Are investments in material corporate social responsibility issues a key driver of financial performance?
Gómez-Bezares Pascual, Fernando
Congress name: Ponencia: Are investments in material corporate social responsibility issues a key driver of financial performance? / Country: España / Publication name: Ponencia: Are investments in material corporate social responsibility issues a key driver of financial performance? / Start date: 2020/02/28
La inversión sostenible como palanca para la contribución climática
Gómez-Bezares Pascual, Fernando
Congress name: La inversión sostenible como palanca para la contribución climática / Country: España / Publication name: La inversión sostenible como palanca para la contribución climática / Start date: 2019/12/02 / End date: 2019/12/13
Doctrina Social de la Iglesia Católica y performance empresarial: la sostenibilidad como constructo ético y económico
Gómez-Bezares Revuelta, Ana; Gómez-Bezares Pascual, Fernando
Congress name: Doctrina Social de la Iglesia Católica y performance empresarial: la sostenibilidad como constructo ético y económico / Country: España / Publication name: Doctrina Social de la Iglesia Católica y performance empresarial: la sostenibilidad como constructo ético y económico / Start date: 2019/10/01 / End date: 2019/10/03
Are investments in material corporate social responsibly issues a key driver of financial performance?
Badía Fraile, Guillermo; Gómez-Bezares Pascual, Fernando; Ferruz, Luis
Congress name: Are investments in material corporate social responsibly issues a key driver of financial performance? / Country: España / Publication name: Are investments in material corporate social responsibly issues a key driver of financial performance? / Start date: 2019/09/04 / End date: 2019/09/06
Green IT practices and financial performance: The empirical evidence from German publicly traded companies
Przychodzen, Wojciech Kamil; Gómez-Bezares Pascual, Fernando; Przychodzen, Justyna Teresa
Congress name: Green IT practices and financial performance: The empirical evidence from German publicly traded companies / City: Niza / Country: Francia / Publication name: Green IT practices and financial performance: The empirical evidence from German publicly traded companies / Start date: 2018/07/05 / End date: 2018/07/07
10º Portuguese finance network conference PFN2018
Gómez-Bezares Pascual, Fernando
Congress name: 10º Portuguese finance network conference PFN2018 / City: Lisboa / Country: Portugal / Publication name: 10º Portuguese finance network conference PFN2018 / Start date: 2018/07/02 / End date: 2018/07/04
ESG Summit
Larreina Diaz, Mikel
Congress name: ESG Summit / Country: España / Publication name: ESG Summit / Start date: 2018/06/11 / End date: 2018/06/12
Bank-affiliated mutual fund managers´ trading patterns of parent-banks´ stocks - international evidence
Gómez-Bezares Pascual, Fernando; Przychodzen, Wojciech Kamil
Congress name: Bank-affiliated mutual fund managers´ trading patterns of parent-banks´ stocks - international evidence / Country: España / Publication name: Bank-affiliated mutual fund managers´ trading patterns of parent-banks´ stocks - international evidence / Start date: 2017/07/06 / End date: 2017/07/07
Mutual funds´ trading in banks´ equity - theoretical framework and ethical considerations
Przychodzen, Wojciech Kamil; Gómez-Bezares Pascual, Fernando
Congress name: Mutual funds´ trading in banks´ equity - theoretical framework and ethical considerations / Country: España / Publication name: Mutual funds´ trading in banks´ equity - theoretical framework and ethical considerations / Start date: 2017/06/28 / End date: 2017/06/30
ESG issues among fund managers - factors and motives
Przychodzen, Justyna Teresa; Gómez-Bezares Pascual, Fernando; Przychodzen, Wojciech Kamil; Larreina Diaz, Mikel
Congress name: ESG issues among fund managers - factors and motives / Country: España / Publication name: ESG issues among fund managers - factors and motives / Start date: 2017/04/03
Distribution of the value generated by the economic activity of an organization: model and application to the companies in the IBEX 35
Gómez-Bezares Pascual, Fernando; San Salvador Del Valle González, Cristina
Congress name: Distribution of the value generated by the economic activity of an organization: model and application to the companies in the IBEX 35 / City: París / Country: Francia / Publication name: Distribution of the value generated by the economic activity of an organization: model and application to the companies in the IBEX 35 / Start date: 2016/06/01 / End date: 2016/06/04
Bank-affiliated mutual fund managers' trading patterns of parent-banks' stocks-international evidence
Gómez-Bezares Pascual, Fernando; Przychodzen, Wojciech Kamil; Przychodzen, Justyna
Congress name: Bank-affiliated mutual fund managers' trading patterns of parent-banks' stocks-international evidence / Country: España / Publication name: Bank-affiliated mutual fund managers' trading patterns of parent-banks' stocks-international evidence / Start date: 2016/04/08
Firm characteristics and intellectual capital disclosure in IPO prospectuses
Gómez-Bezares Pascual, Fernando; Ugarte Susaeta, Jose Vicente
Congress name: Firm characteristics and intellectual capital disclosure in IPO prospectuses / Country: España / Publication name: Firm characteristics and intellectual capital disclosure in IPO prospectuses / Start date: 2015/12/14
UACES 2015
Larreina Diaz, Mikel
Congress name: UACES 2015 / Country: España / Publication name: UACES 2015 / Start date: 2015/09/07 / End date: 2015/09/09
Bridging the gap: How sustainable development can help companies create shareholder value and improve financial performance ? evidence from British companies
Gómez-Bezares Pascual, Fernando; Przychodzen, Wojciech Kamil; Przychodzen, Justyna
Congress name: Bridging the gap: How sustainable development can help companies create shareholder value and improve financial performance ? evidence from British companies / Country: España / Publication name: Bridging the gap: How sustainable development can help companies create shareholder value and improve financial performance ? evidence from British companies / Start date: 2015/07/09 / End date: 2015/07/10
Corporate Sustainability and Shareholder Wealth. Evidence from British Companies and Lessons from the Crisis
Gómez-Bezares Pascual, Fernando; Przychodzen, Wojciech; Przychodzen, Justyna
Congress name: Corporate Sustainability and Shareholder Wealth. Evidence from British Companies and Lessons from the Crisis / Country: España / Publication name: Corporate Sustainability and Shareholder Wealth. Evidence from British Companies and Lessons from the Crisis / Start date: 2014/11/20 / End date: 2014/11/21
Ethical fund managers versus conventional fund managers
Gómez-Bezares Pascual, Fernando
Congress name: Ethical fund managers versus conventional fund managers / Country: España / Publication name: Ethical fund managers versus conventional fund managers / Start date: 2014/10/23 / End date: 2014/10/24
Performance evaluation and linear penalization
Gómez-Bezares Pascual, Fernando; Goicoechea Zulaica, Estibaliz
Congress name: Performance evaluation and linear penalization / Country: España / Publication name: Performance evaluation and linear penalization / Start date: 2014/10/23 / End date: 2014/10/24
Efficiency in the Spanish Initial Public Offerings (IPOs) and information disclosure in the IPO prospectuses
Alcañiz Gonzalez, Leire; Gómez-Bezares Pascual, Fernando; Ugarte Susaeta, Jose Vicente
Congress name: Efficiency in the Spanish Initial Public Offerings (IPOs) and information disclosure in the IPO prospectuses / City: Venecia / Country: Italia / Publication name: Efficiency in the Spanish Initial Public Offerings (IPOs) and information disclosure in the IPO prospectuses / Start date: 2014/07/02 / End date: 2014/07/04
Firm characteristics and Intellectual Capital disclosure in Spanish IPO prospectuses
Gómez-Bezares Pascual, Fernando; Alcañiz Gonzalez, Leire; Ugarte Susaeta, Jose Vicente
Congress name: Firm characteristics and Intellectual Capital disclosure in Spanish IPO prospectuses / City: Limassol / Country: Chipre / Publication name: Firm characteristics and Intellectual Capital disclosure in Spanish IPO prospectuses / Start date: 2013/07/01 / End date: 2013/07/03
Underpricing of shares in the Initial Public Offerings and Intellectual Capital disclosure
Gómez-Bezares Pascual, Fernando; Alcañiz Gonzalez, Leire; Ugarte Susaeta, Jose Vicente
Congress name: Underpricing of shares in the Initial Public Offerings and Intellectual Capital disclosure / Country: España / Publication name: Underpricing of shares in the Initial Public Offerings and Intellectual Capital disclosure / Start date: 2013/06/24 / End date: 2013/06/26
"Información sobre capital intelectual en los folletos de emisión españoles"
Alcañiz Gonzalez, Leire; Gómez-Bezares Pascual, Fernando; Ugarte Susaeta, Jose Vicente
Congress name: "Información sobre capital intelectual en los folletos de emisión españoles" / ISBN: 978-989-704-063-4 / City: Vila Real / Country: Portugal / Publication name: "Información sobre capital intelectual en los folletos de emisión españoles" / Start date: 2012/02/01 / End date: 2012/02/03
TIC, resolución de problemas
Apraiz Larragan, Amaya; Larrinaga Ojanguren, Miguel Angel
Congress name: TIC, resolución de problemas / Country: España / Publication name: TIC, resolución de problemas / Start date: 2011/08/07 / End date: 2011/08/08
"100 años de desarrollo de la teoría financiera: situación actual y previsible evolución tras la crisis"
Gómez-Bezares Pascual, Fernando
Congress name: "100 años de desarrollo de la teoría financiera: situación actual y previsible evolución tras la crisis" / City: Lisboa / Country: Portugal / Publication name: "100 años de desarrollo de la teoría financiera: situación actual y previsible evolución tras la crisis" / Start date: 2011/07/07 / End date: 2011/07/09
Sustainable investment portfolio in energy and environmental markets. Focus on Europe
Ferruz, Luis; Gómez-Bezares Pascual, Fernando; Marco, Isabel; Segura, Sara
Congress name: Sustainable investment portfolio in energy and environmental markets. Focus on Europe / Country: España / Publication name: Sustainable investment portfolio in energy and environmental markets. Focus on Europe / Start date: 2011/05/12
"La contabilización de intangibles en las normas internacionales, norteamericanas y británicas"
Alcañiz Gonzalez, Leire; Gómez-Bezares Pascual, Fernando
Congress name: "La contabilización de intangibles en las normas internacionales, norteamericanas y británicas" / ISBN: 978-84-9749-408-3 / Country: España / Publication name: "La contabilización de intangibles en las normas internacionales, norteamericanas y británicas" / Start date: 2010/06/02 / End date: 2010/06/04
"La contabilización del capital intelectual en la realidad empresarial española"
Alcañiz Gonzalez, Leire; Gómez-Bezares Pascual, Fernando
Congress name: "La contabilización del capital intelectual en la realidad empresarial española" / Country: España / Publication name: "La contabilización del capital intelectual en la realidad empresarial española" / Start date: 2009/11/18 / End date: 2009/11/20
The road to success of a wine-driven region.
Larreina Diaz, Mikel
Congress name: The road to success of a wine-driven region. / City: Piacenza / Country: Italia / Publication name: The road to success of a wine-driven region. / Start date: 2009/11/13
After Rescuing the Financial System: will the giant with feet of clay be left unchanged?
Larreina Diaz, Mikel
Congress name: After Rescuing the Financial System: will the giant with feet of clay be left unchanged? / City: Bruselas / Country: Belgica / Publication name: After Rescuing the Financial System: will the giant with feet of clay be left unchanged? / Start date: 2009/09/30
Financial Centers in Peripheral Regions: Their lmpact on Regional Economy
Larreina Diaz, Mikel; Gómez-Bezares Pascual, Fernando
Congress name: Financial Centers in Peripheral Regions: Their lmpact on Regional Economy / City: Ginebra / Country: Suiza / Publication name: Financial Centers in Peripheral Regions: Their lmpact on Regional Economy / Start date: 2009/07/05 / End date: 2009/07/07
Beyond the cluster. Oenopolis, the case of Rioja.
Larreina Diaz, Mikel
Congress name: Beyond the cluster. Oenopolis, the case of Rioja. / City: Namur / Country: Belgica / Publication name: Beyond the cluster. Oenopolis, the case of Rioja. / Start date: 2009/05/21 / End date: 2009/05/23
The land of Oenoeuros. Wine as the source of regional inflation: the peculiar case of Rioja
Larreina Diaz, Mikel
Congress name: The land of Oenoeuros. Wine as the source of regional inflation: the peculiar case of Rioja / City: Namur / Country: Belgica / Publication name: The land of Oenoeuros. Wine as the source of regional inflation: the peculiar case of Rioja / Start date: 2009/05/21 / End date: 2009/05/23
FINANCIAL CENTRES IN PERIPHERAL REGIONS: THE EFFECT OF THE FINANCIAL SERVICES INDUSTRY ON REGIONAL ECONOMY. THE CASE OF THE SCOTTISH FINANCIAL CLUSTER
Larreina Diaz, Mikel
Congress name: FINANCIAL CENTRES IN PERIPHERAL REGIONS: THE EFFECT OF THE FINANCIAL SERVICES INDUSTRY ON REGIONAL ECONOMY. THE CASE OF THE SCOTTISH FINANCIAL CLUSTER / City: LONDRES / Country: Reino Unido / Publication name: FINANCIAL CENTRES IN PERIPHERAL REGIONS: THE EFFECT OF THE FINANCIAL SERVICES INDUSTRY ON REGIONAL ECONOMY. THE CASE OF THE SCOTTISH FINANCIAL CLUSTER / Start date: 2008/04/04
Planes económicos de La Rioja
Gómez-Bezares Pascual, Fernando
Congress name: Planes económicos de La Rioja / Country: España / Publication name: Planes económicos de La Rioja / Start date: 2007/10/25 / End date: 2007/10/26
Performance measures: advantages of linear risk penalization
Ferruz, Luis; Gómez-Bezares Pascual, Fernando; Vargas, María
Congress name: Performance measures: advantages of linear risk penalization / Country: España / Publication name: Performance measures: advantages of linear risk penalization / Start date: 2006/11/16 / End date: 2006/11/17
Evolución y desarrollo de las finanzas: momento actual y perspectivas de futuro
Gómez-Bezares Pascual, Fernando
Congress name: Evolución y desarrollo de las finanzas: momento actual y perspectivas de futuro / Country: España / Publication name: Evolución y desarrollo de las finanzas: momento actual y perspectivas de futuro / Start date: 2006/09/20 / End date: 2006/09/22
The Riojan "Enopolis". The quality wine as a determinant for a Region's Economy, Society and Political Institutions
Larreina Diaz, Mikel
Congress name: The Riojan "Enopolis". The quality wine as a determinant for a Region's Economy, Society and Political Institutions / Country: España / Publication name: The Riojan "Enopolis". The quality wine as a determinant for a Region's Economy, Society and Political Institutions / Start date: 2006/06/24 / End date: 2006/06/30
Rioja wine District: Beyond the Cluster
Larreina Diaz, Mikel
Congress name: Rioja wine District: Beyond the Cluster / Country: España / Publication name: Rioja wine District: Beyond the Cluster / Start date: 2006/06/24 / End date: 2006/06/30
Los cluster y el desarrollo de regiones vitivinícolas. El distrito agroindustrial del Rioja
Larreina Diaz, Mikel
Congress name: Los cluster y el desarrollo de regiones vitivinícolas. El distrito agroindustrial del Rioja / ISBN: 978-84-8125-305-4 / Country: España / Publication name: Los cluster y el desarrollo de regiones vitivinícolas. El distrito agroindustrial del Rioja / Start date: 2006/03/28 / End date: 2006/03/30
Plan Estratégico Rioja 2020
Gómez-Bezares Pascual, Fernando
Congress name: Plan Estratégico Rioja 2020 / ISBN: 978-84-8125-305-4 / Country: España / Publication name: Plan Estratégico Rioja 2020 / Start date: 2006/03/28 / End date: 2006/03/30
La Valoración de los Gestores: Índices de Performance
Gómez-Bezares Pascual, Fernando
Congress name: La Valoración de los Gestores: Índices de Performance / Country: España / Publication name: La Valoración de los Gestores: Índices de Performance / Start date: 2005/12/01
La Enópolis Riojana. El Vino Rioja como Motor del Desarrollo de su Región
Larreina Diaz, Mikel; Gómez-Bezares Pascual, Fernando
Congress name: La Enópolis Riojana. El Vino Rioja como Motor del Desarrollo de su Región / ISBN: 84-689-3845-9 / Country: España / Publication name: La Enópolis Riojana. El Vino Rioja como Motor del Desarrollo de su Región / Start date: 2005/11/17 / End date: 2005/11/18
Crear valor sí, pero ¿para quién? Monismo vs. pluralismo
Freije Obregon, Inmaculada; Gómez-Bezares Pascual, Fernando
Congress name: Crear valor sí, pero ¿para quién? Monismo vs. pluralismo / City: Buenos Aires / Country: Argentina / Publication name: Crear valor sí, pero ¿para quién? Monismo vs. pluralismo / Start date: 2005/07/27
El precio de la uva y del vino como explicación de las peculiaridades de la inflación riojana,
Larreina Diaz, Mikel; Gómez-Bezares Pascual, Fernando
Congress name: El precio de la uva y del vino como explicación de las peculiaridades de la inflación riojana, / Country: España / Publication name: El precio de la uva y del vino como explicación de las peculiaridades de la inflación riojana, / Start date: 2004/10/07 / End date: 2004/10/09
El distrito vitivinícola de Rioja: más allá del Cluster
Larreina Diaz, Mikel; Gómez-Bezares Pascual, Fernando; Larreina González, Miguel Ángel
Congress name: El distrito vitivinícola de Rioja: más allá del Cluster / Country: España / Publication name: El distrito vitivinícola de Rioja: más allá del Cluster / Start date: 2004/03/12 / End date: 2004/03/15
Una valoración del sector vitivinícola riojano
Larreina Diaz, Mikel; Gómez-Bezares Pascual, Fernando
Congress name: Una valoración del sector vitivinícola riojano / Country: España / Publication name: Una valoración del sector vitivinícola riojano / Start date: 2004/03/12 / End date: 2004/03/15