1. Nombre: Valoración de activos, finanzas corporativas y microestructura de los mercados
Name: Asset Pricing and Market Microstructure
Palabras clave: rendimientos esperados, estructura de capital, liquidez, contratación de alta frecuencia
Área conocimiento: 230 Economía Financiera y Contabilidad
Códigos UNESCO: 531206/531102
Resumen:
Summary:
2. Nombre: Finanzas Corporativas
Name: Corporate Finance
Palabras clave: Estructura de capital en las empresas, fuentes de financiación empresarial, decisiones de financiación, valoración de empresas, gestión financiera, pequeña y mediana empresa
Área conocimiento: 230 Economía Financiera y Contabilidad
Códigos UNESCO: 531102
Resumen: Tras décadas de investigación activa tanto teórica como empírica, la pregunta acerca de qué determina la estructura de capital de una empresa sigue constituyendo un área relevante dentro de las finanzas corporativas. A partir de las aportaciones de otro campo de investigación – la literatura sobre los grupos empresariales y los mercados internos de capitales – se propone examinar empíricamente el proceso de ajuste de la estructura de capital en grupos empresariales, y compararlo con el de empresas individuales.
Summary: Even after decades of active theoretical and empirical research, the question of what determines a company’s capital structure remains a key research area in corporate finance. Using insights from another field of research – the literature on business groups and internal capital markets – we aim to empirically examine the capital structure adjustment process of business groups, and compare it to the one from stand-alone companies
3. Nombre: Estrategia empresarial
Name: Business Strategy
Palabras clave: Empresas, clústers, acceso a la financiación
Área conocimiento 650 Organización de Empresas
Códigos UNESCO: 5311.03 (estudios industriales)
Resumen: En un entorno globalizado y de constantes cambios las empresas tienen que adaptarse y buscar alternativas para incrementar su productividad y competitividad. La investigación se centra en el estudio de oportunidades y retos a los que se enfrentan las empresas: Formación de distritos industriales o clústers, acceso a la financiación, internacionalización, entre otros.
Summary: In a globalized environment characterized by changing rules, companies must adapt themselves to increase their productivity and competitiveness. This research line is focus on the opportunities and challenges facing business today: The establishment of industrial districts or clusters, access to finance and internationalization among others.
4. Nombre: Economía civil
Name: Civil Economy
Palabras clave: civil economy, distribution, development
Área conocimiento: 225 Economía Aplicada
Códigos UNESCO: 530899
Resumen: La economía civil está orientada a estudios interdisciplinarios de economía, complementándolos con diversos campos del saber como la dirección de empresas, el marketing, la sociología, la ciencia política y la economía, desarrollando un lenguaje común que examina los problemas cívicos del mercado.
Summary: A Civil Economy is oriented to interdisciplinary studies of the economy, assisting scholars in diverse fields, such as business management, marketing, sociology, political science, and economics, in developing a common language to examine civic problems in the marketplace.
Capital Structure, Stock Returns, Corporate Bond Returns, and Credit Default Derivatives: Interactions and Implications for Financial and Industrial Companies, MEC, ECO2012-34268, 2013, 2015. IP: Gonzalo Rubio
“Interconnections between Capital Structure and Asset Pricing”, PROJECT FOR EXCELLENCE IN RESEARCH PROMETEOII/2013/015, COMUNIDAD VALENCIANA 2013-2016. IP: Gonzalo Rubio
“Identification and Prediction of Systemic Shocks: An Analysis of the Macroeconomic Determinants of Financial Risks and its Implications”, BANK OF SPAIN RESEARCH PROJECTS IN MACROECONOMICS, FINANCE, AND BANKING 2016-2017. IP: Alfonso Novales (Universidad Complutense) y Gonzalo Rubio
“Relations between Asset Prices and Macroeconomic Variables: Implications for Corporate Finance”, MEC, ECO2015-67035-P, 2016-2018. IP: Belén Nieto (Universidad de Alicante)
“Expectations, Asset Prices, and Market Frictions”, PROJECT FOR EXCELLENCE IN RESEARCH PROMETEO/2017/158, COMUNIDAD VALENCIANA 2017-2021. IP: Gonzalo Rubio
“Elche Parque Empresarial. Estudio de Impacto Económico”, Entidad Urbanística de Conservación Elche Parque Empresarial; UCH CEU Elche, 2014-2015. IP: María Teresa Pastor Gosálbez, Ana Isabel Mateos Ansótegui, Javier Gran Rico
“Elche Parque Empresarial. Industria 4.0”, Entidad Urbanística de Conservación Elche Parque Empresarial; UCH CEU Elche, 2018-2019. IP: María Teresa Pastor Gosálbez, Ana Isabel Mateos Ansótegui, Elena Martínez Sanchís
Gonzalo Rubio:
“Stock Returns with Consumption and Illiquidity Risks” (with B. Nieto and E. Márquez), International Review of Economics and Finance, Vol. 29, 2014, 57-74.
“Volatility Bounds, Size, and Real Activity Prediction” (with B. Nieto), Review of Finance, Vol. 18, 2014, 373-415.
“Variance Swaps, Non-normality, Macroeconomic and Financial Risks” (with B. Nieto and A. Novales), Quarterly Review of Economics and Finance, Vol. 54, 2014, 257-270.
“The Reward for Trading Illiquid Maturities in Credit Default Swap Markets” (with A. Arakelyan, and P. Serrano), International Review of Economics and Finance, Vol. 39, 2015, 376-389.
“Macroeconomic and Financial Determinants of the Volatility of Corporate Bond Returns” (with B. Nieto and A. Novales), Quarterly Journal of Finance, Vol. 5, 2015, 1-41.
“Volatility Risk Premium Betas” (with Ana González-Urteaga), Revista de Economía Aplicada, Vol. XXIV, 2016, 111-145.
“The Cross-Sectional Variation of Volatility Risk Premia” (with A. González-Urteaga), Journal of Financial Economics, Vol. 119, 2016, 353-370.
“Teaching Quality and Academic Research” (with R. Rodríguez), International Review of Economics Education, Vol. 23, 2016, 10-27.
“The Joint Cross-Sectional Variation of Equity Returns and Volatilities” (with A. González-Urteaga), Journal of Banking and Finance, Vol. 75, 2017, 17-34.
“Estimating the Elasticity of Intertemporal Substitution with Leverage” (with A. González-Urteaga), North American Journal of Economics and Finance, Vol. 41, 2017, 18-31.
“Macroeconomic Determinants of Stock Market Betas” (with M. González and J. Nave), Journal of Empirical Finance, Vol. 45, 2018, 26-44.
Trabajos en proceso de revisión:
“Quality Portfolios and Funding Liquidity Crisis”
“Expected Stock Returns” (with A. González-Urteaga and B. Nieto)
“Risk-Neutral-Neutral Volatilities of Equity and Treasury Bond Returns (with A. González and B. Nieto)
“The Dynamic Effects of Uncertainty on Real Activity Betas of Stocks and Corporate Bond Returns” (with M. González and J. Nave)
Francisco Sogorb:
“Sensitivity of external resources to cash flow under financial constraints” (con López Gracia, José), International Business Review, 2014
“Financial constraints and cash - cash flow sensitivity” (con López Gracia, José), Applied Economics, 2015
“The effect of taxes on the debt policy of Spanish listed companies” (con Clemente Almendros, José Antonio), Journal of the Spanish Economic Association (SERIEs), 2016.
“How much do the tax benefits of debt add to firm value? Evidence from Spanish listed firms” (con Clemente Almendros, José Antonio), Revista de Economía Aplicada, 2017.
“Costs of debt, tax benefits, and a new measure of non-debt tax shields: examining debt conservatism in Spanish listed firms” (con Clemente Almendros, José Antonio), Spanish Accounting Review, 2018.
María Teresa Pastor:
“Merger Policy in R&D Intensive Industries” (con Ramón Faulí), Revista de Economía Aplicada, 2016.
“The role of institutional and territorial factors in innovation: the case of the Spanish footwear components industry” (con Miguel Ángel Miralles y Ángel Belzunegui), Investigaciones Regionales, Marcial Pons, 2017.