Browsing Artículos de revista - Aldizkari artikuluak by UPNA Author "Abinzano Guillén, María Isabel"
Now showing items 1-8 of 8
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Bad company. The indirect effect of differences in corporate governance in the pension plan industry
Abinzano Guillén, María Isabel
; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (Elsevier, 2017)
Artículo / Artikulua 
This paper analyses the role played by pension plan governance structure and how it impacts on plan fees and plan performance. The results clearly show that fees decrease significantly and performance improves when pension ... -
Behavioral biases never walk alone: an empirical analysis of the effect of overconfidence on probabilities
Abinzano Guillén, María Isabel; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (SAGE, 2014)
Artículo / Artikulua
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 ... -
Does default probability matter in Latin American emerging markets?
Abinzano Guillén, María Isabel; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (Taylor & Francis, 2013)
Artículo / Artikulua
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 ... -
Game, set and match: the favorite long-shot bias in tennis betting exchanges
Abinzano Guillén, María Isabel; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (Taylor & Francis, 2016)
Artículo / Artikulua
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 ... -
Hidden power of trading activity: the FLB in tennis betting exchanges
Abinzano Guillén, María Isabel; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (SAGE Publications, 2017)
Artículo / Artikulua
This paper examines the impact of trading activity on the Favourite-Longshot Bias (FLB) in tennis Betting Exchanges, using direct measures such as betting volume, average bet and standard deviation of the odds. According ... -
Is default risk the hidden factor in momentum returns? Some empirical results
Abinzano Guillén, María Isabel; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (Wiley, 2014)
Artículo / Artikulua
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, ... -
Pricing levered warrants with dilution using observable variables
Abinzano Guillén, María Isabel; Navas, Javier F. (Taylor & Francis, 2013)
Artículo / Artikulua
We propose a valuation framework for pricing European call warrants on the issuer's own stock that allows for debt in the issuer firm. In contrast to other works which also price warrants with dilution issued by levered ... -
The role of small bettors in price formation in betting exchanges
Abinzano Guillén, María Isabel; Muga Caperos, Luis Fernando ; Santamaría Aquilué, Rafael (Routledge, 2020)
Artículo / Artikulua
The presence of small bettors in betting exchanges generates mispricing, which can lead to exploitation by informed traders or result in permanent price deviations. This paper shows that mispricing from this source is also ...
