• Analysts herding: when does sentiment matter? 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid (Routledge, 2018)   Artículo / Artikulua  OpenAccess
      Herding among analysts emerges when analysts give priority to their peers’ opinions instead of their own beliefs or information. Some circumstances may enhance or restrain this type of behaviour. We postulate that market ...
    • Can agents sensitive to cultural, organizational and environmental issues avoid herding? 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferreruela Garcés, Sandra (Elsevier, 2017)   Artículo / Artikulua  OpenAccess
      Our findings indicate that herding behavior is affected not only by the cultural variables already discussed in the literature but also by other variables associated with organizational and environmental issues such as ...
    • Detecting intentional herding: what lies beneath intraday data in the Spanish stock market 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferreruela Garcés, Sandra (Palgrave Macmillan, 2011)   Artículo / Artikulua  OpenAccess
      This paper examines the intentional herd behaviour of market participants, using Li´s test to compare the probability distributions of the scaled cross-sectional deviation in returns in the intraday market with the ...
    • Does family ownership always reduce default risk? 

      Abinzano Guillén, María Isabel Upna Orcid; Corredor Casado, María Pilar Upna Orcid; Martínez García, Beatriz Upna Orcid (WileyAccounting and Finance Association of Australia and New Zealand, 2021)   Artículo / Artikulua  OpenAccess
      This paper analyses the effect of family ownership on the outcome of the firm’s risk‐taking activities, measured by the company’s default risk. We show that family ownership reduces the probability of default, which is ...
    • Does herding affect volatility? Implications for the Spanish stock market 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferreruela Garcés, Sandra (Taylor & Francis, 2012)   Artículo / Artikulua  OpenAccess
      According to rational expectation models, uninformed or liquidity trading make market price volatility rise. This paper sets out to analyze the impact of herding, which may be interpreted as one of the components of ...
    • 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 ...
    • Enhancing learning in the finance classroom 

      Abinzano Guillén, María Isabel Upna Orcid; Corredor Casado, María Pilar Upna Orcid; Río Solano, María Cristina del Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; González Urteaga, Ana Upna Orcid; Mansilla Fernández, José Manuel Upna Orcid; Martínez García, Beatriz Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid (Universidad Politécnica de Valencia., 2022)   Contribución a congreso / Biltzarrerako ekarpena  OpenAccess
      This paper aims to describe a teaching-learning experience based on ProjectBased Learning (PBL). This experience is part of an educational innovation project devoted to transforming finance classes in various facets of ...
    • The impact of investor sentiment on stock returns in emerging markets. The case of Central European markets 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Taylor & Francis, 2015)   Artículo / Artikulua  OpenAccess
      This paper studies the effect of investor sentiment on stock returns in three Central European markets: the Czech Republic, Hungary and Poland. The results show that sentiment is a key variable in the prices of stocks ...
    • The information environment, informed trading and volatility 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid (RoutledgeInstitute of Behavioral Finance, 2017)   Artículo / Artikulua  OpenAccess
      The relation between informed trading and volatility is analyzed using the change in the proportion of informed transactions calculated through the probability of informed trading variable. The analysis relates to the ...
    • Investor sentiment effect in stock markets: stock characteristics or country-specific factors? 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2013)   Artículo / Artikulua  OpenAccess
      This paper analyzes the investor sentiment effect in four key European stock markets: France, Germany, Spain and the UK. The findings show that sentiment has a significant influence on returns, varying in intensity across ...
    • Is cognitive bias really present in analyst forecasts? The role of investor sentiment 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2014)   Artículo / Artikulua  OpenAccess
      This paper analyses four key markets within the European context. In this context, where the level of analyst coverage is lower than in the US setting, we aim to ascertain whether the origin of optimism in analyst forecasts ...
    • Is there an expiration effect in the bitcoin market? 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Satrústegui, N. (Elsevier, 2023)   Artículo / Artikulua  OpenAccess
      This paper studies the monthly expiration effect in the bitcoin markets. The emergence of trading in bitcoin futures in regulated markets is an ideal occasion to test this effect on an asset with singular characteristics. ...
    • Market sentiment: a key factor of investors' imitative behaviour 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferreruela Garcés, Sandra (Wiley, 2012)   Artículo / Artikulua  OpenAccess
      The aim of this paper is to explore herding behavior among investors in order to determine its rational and emotional component factors and identify relationships among them. We apply causality tests to evaluate the impact ...
    • Measuring credit risk in family firms 

      Abinzano Guillén, María Isabel Upna Orcid; Corredor Casado, María Pilar Upna Orcid; Martínez García, Beatriz Upna Orcid (SAGE, 2020)   Artículo / Artikulua  OpenAccess
      This article attempts to identify the default risk measure which best reflects the idiosyncratic context of public family firms. Seven accounting- and market-based measures are compared over a sample of 981 US family and ...
    • The role of sentiment and stock characteristics in the translation of analysts’ forecasts into recommendations 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2019)   Artículo / Artikulua  OpenAccess
      The purpose of this paper is to further understanding of the determinants of analysts’ translational effectiveness and, specifically, the role of stock characteristics in the impact of sentiment in the translation of ...
    • Sentiment-prone investors and volatility dynamics between spot and futures markets 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2015)   Artículo / Artikulua  OpenAccess
      This paper analyses the role of investor sentiment in the contemporaneous dynamics of spot and futures markets and in volatility spillovers between them. To explore this issue, we analyse spot and futures markets on stock ...
    • El sentimiento del inversor y las rentabilidades de las acciones. El caso español 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (AECATaylor & Francis, 2013)   Artículo / Artikulua  OpenAccess
      El presente trabajo analiza el efecto del sentimiento en las rentabilidades de los activos del mercado español. Los resultados muestran un efecto significativo del índice de sentimiento local sobre las rentabilidades de ...
    • Sovereign debt holdings and banks’ credit risk: evidence from the Eurozone 

      Abinzano Guillén, María Isabel Upna Orcid; Corredor Casado, María Pilar Upna Orcid; Mansilla Fernández, José Manuel Upna Orcid (Elsevier, 2021)   Artículo / Artikulua  OpenAccess
      This paper investigates the direct effect of sovereign debt holding on banks’ credit risk. Using individual Eurozone listed banks’ information, we find that holding sovereign debt improves the level of banks’ credit risk, ...
    • TQM and performance: Is the relationship so obvious? 

      Corredor Casado, María Pilar Upna Orcid; Goñi Legaz, Salomé Upna Orcid (Elsevier, 2011)   Artículo / Artikulua  OpenAccess
      The aim of this study is to explore more fully the relationship between total quality management (TQM) and firm performance, taking TQM as an internally consistent system of practices. The paper tests the link between the ...
    • Value of analysts’ consensus recommendations and investor sentiment 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Taylor & Francis, 2013)   Artículo / Artikulua  OpenAccess
      This paper studies the effect of investor sentiment on analysts' consensus recommendations. Our results show that the optimistic bias of analysts in the issuing of recommendations is affected by investor sentiment: 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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