Research

Most of my research is also available on my Google Scholar Page, my SSRN Author page, or my IDEAS/RePEc Author page. 

Working Papers

• "Do bank branches matter? Evidence from mandatory branch closures" (with Gabriel Jiménez, José Luís Peydró, Anna Toldrà-Simats and Sergio Vicente). 

• "Who closes first? Localized wars of attrition driven by a persistent shock” (with József Sákovics and Vicente Salas).  Economica, Revise and Resubmit

• "Ownership, Control and Productivity: Family Firms in Comparative Perspective " (with Ruth Aguilera, Rafel Crespí and Bartomeu Pascual-Fuster). Journal of Management, Revise and Resubmit.

• "Does Broadband Internet Promote Digital Labor and Territorial Cohesion? Empirical Evidence from the New Generation Broadband Extension Program in Spain (with Estrella Gómez and Frank Mueller-Langer)

Publications

• “The CDS market reaction to loan renegotiation announcements” (with Florina Silaghi and Ahmed Sewaid), Journal of Banking and Finance, 2022, 138, 106431.

• “How does bank competition affect credit risk? Evidence from loan-level data” (with Sonia Ruano and Vicente Salas-Fumas), Economics Letters, 2020, 196, 109524. 

• “Productivity, competition and banking restructuring process” (with Vanesa Llorens and Vicente Salas-Fumas), SERIEs, Journal of the Spanish Economic Association, 2020, 11(3), pp. 313-340. 

• “Financial exclusion and branch closures in Spain after the Great Recession”, Regional Studies, 2019, 53 (4), pp. 562-573. 

• “Bank competition with financing and savings substitutes”, Journal of Financial Services Research, 2018, 54 (2), pp. 207-241.

•  “The fall of Spanish Cajas: Lessons of ownership and governance for banks” (with Sonia Ruano and Vicente Salas-Fumas), Journal of Financial Stability, 2017, 33, pp. 244-260.

•  “Determinants of banks’ financing choices under capital regulation” (with Vanesa Llorens), SERIEs, Journal of the Spanish Economic Association, 2017, 8(3), pp. 287-309. 

• “Securitization and banks’ capital structure” (with Andres Almazan and Jesus Saurina), Review of Corporate Finance Studies, 2015, 4 (2), pp. 206-238. 

• “Do family firms have better access to external finance during the crisis?” (with Rafel Crespi), Corporate Governance: An International Review, 2015, 23(3), pp. 249-265. 

• “Why high productivity growth of banks preceded the financial crisis?” (with Sonia Ruano and Vicente Salas-Fumas), Journal of Financial Intermediation, 2013, 22(4), pp. 688-712. 

• “Banks’ equity capital frictions, capital ratios and interest rates: Evidence from Spanish Banks” (with Sonia Ruano and Vicente Salas-Fumas), International Journal of Central Banking, 2013, 9(1), pp. 183-225. 

• “IT Assets, Organization Capital and Market Power: Contributions to Business Value”. (with Vicente Salas-Fumas), Decision Support Systems, 52, 2012, pp. 612-623. 

• “Investment and Intangibles: Evidence from banks”. (with Vicente Salas-Fumas), Review of Income and Wealth, 57(3), 2011, 513-535. 

• “Informational differentiation, interest rate dispersion and market power” (with Vicente SalasFumas and Jesus Saurina), Applied Economic Letters, 16 (16), 2009, pp. 1645-1649.

• “Search Cost and Price Dispersion in Vertically Related Markets: The case of Bank Loans and Deposits” (with Vicente Salas-Fumas and Jesus Saurina). Review of Industrial Organization, 33(4), 2008, pp. 297-324.

• “The output and profit contribution of information technology and advertising investments in Banks” (with Vicente Salas-Fumas), Journal of Financial Intermediation, 17, 2008, pp. 229-255

• “A test of the law of one price in retail banking” (with Vicente Salas-Fumas and Jesus Saurina), Journal of Money, Credit and Banking, 39 (8), 2007, pp. 2021-2040.

• “Risk premium and market power in credit makets” (with Vicente Salas-Fumas and Jesus Saurina), Economics Letters, 93 (3), 2006, pp. 450-456.