Listar Artículos de revista DGE - EKS Aldizkari artikuluak por autor UPNA "Muga Caperos, Luis Fernando"

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    • Behavioral biases never walk alone: an empirical analysis of the effect of overconfidence on probabilities 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (SAGE, 2014)   Artículo / Artikulua  OpenAccess
      This paper presents evidence of the impact of overconfidence bias in asset prices drawn from a study based on data from tennis betting exchanges. A series of betting strategies in tournaments with a clear-cut favourite are ...

    • Coasimetría idiosincrática y riesgo de insolvencia en el mercado de valores español 

      González Urteaga, Ana Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (AECATaylor & Francis, 2014)   Artículo / Artikulua  OpenAccess
      En el presente trabajo se analiza la relación entre el riesgo asimétrico, aproximado por las medidas de coasimetría y coasimetría idiosincrática, y el riesgo de insolvencia en el mercado de valores español. Se ha encontrado ...

    • Does default probability matter in Latin American emerging markets? 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Taylor & Francis, 2013)   Artículo / Artikulua  OpenAccess
      We analyse the impact of default probability in four leading Latin American stock markets (Argentina, Brazil, Chile and Mexico). We find no positive default risk premium except in the case of Brazil, and in fact find a ...

    • Does the betting industry price gender? Evidence from professional tennis 

      Barrutiabengoa Ortubai, Joxe Maria; Corredor Casado, María Pilar Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid (SAGE Publications, 2021)   Artículo / Artikulua  OpenAccess
      This research addresses the importance of gender in the pricing process of the sports betting industry. Specifically, we investigate the impact of gender in the prices that bookmakers offer for tennis matches. Despite ...

    • The effect of a switch of management company on pension plan fees 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Routledge, 2021)   Artículo / Artikulua  OpenAccess
      The impact of a switch of management company on pension plan fees is analysed by comparing the effects on employer-sponsored versus individual defined-contribution private pension plans in Spain. This framework is ideal ...

    • The effect of US holidays on European markets: when the cat's away... 

      Casado, Jorge Upna; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Wiley, 2013)   Artículo / Artikulua  OpenAccess
      This paper presents evidence of the existence of a return effect on European stock markets coinciding with NYSE holidays, which is particularly marked after positive closing returns on the NYSE the previous day. The effect ...

    • Game, set and match: the favorite long-shot bias in tennis betting exchanges 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Taylor & Francis, 2016)   Artículo / Artikulua  OpenAccess
      We test for the existence of Favorite-Longshot Bias (FLB) in tennis betting exchanges. Despite these being order-driven markets, with no direct participation from bookmakers, we have found very similar results to those ...

    • Is default risk the hidden factor in momentum returns? Some empirical results 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Wiley, 2014)   Artículo / Artikulua  OpenAccess
      This paper analyzes the role of default risk in the momentum effect focusing on data from four developed European stock markets (France, Germany, Spain and the United Kingdom). Using a market-based measure of default risk, ...

    • Momentum and default risk. Some results using the jump component 

      González Urteaga, Ana Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2015)   Artículo / Artikulua  OpenAccess
      In this paper we separate the total stock return into its continuous and jump component to test whether stock return predictability should be attributed to omitted risk factors or behavioral finance theories. We extend ...

    • Performance of default-risk measures: the sample matters 

      Abinzano Guillén, María Isabel Upna Orcid; González Urteaga, Ana Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Sánchez Alegría, Santiago Upna Orcid (Elsevier, 2020)   Artículo / Artikulua  OpenAccess
      This paper examines the predictive power of the main default-risk measures used by both academics and practitioners, including accounting measures, market-price-based measures and the credit rating. Given that some measures ...

    • The role of investor type in the fee structures of pension plans 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Springer, 2016)   Artículo / Artikulua  OpenAccess
      We examine the role of the investor type in the fee structure of pension plans. Our examination uses a data set of employer-sponsored and individual private pension funds in Spain. We find different determinants of the ...
      El Repositorio ha recibido la ayuda de la Fundación Española para la Ciencia y la Tecnología para la realización de actividades en el ámbito del fomento de la investigación científica de excelencia, en la Línea 2. Repositorios institucionales (convocatoria 2020-2021).
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