SELECTED PUBLISHED PAPERS IN REFEREED (ACADEMIC) JOURNALS

•  “Business model contributions to bank profit performance: A machine learning approach” (joint work with F. Bolivar and MA Duran) Research in International Business and Finance, 64, 101870, 2023.

•  “Bank business model, size, and profitability” (joint work with F. Bolivar and MA Duran) Finance Research Letters, 53, 103605, 2023.

•   “Achieving a sustainable cost-efficient business model in banking: The case of European commercial banks” (joint work with O. Badunenko and S.C. Kumbhakar) European Journal of Operational Research, 293 (2), 773-785. 2021.

•  “Managerial ability as a tool for prudential regulation” (joint work with C. Curi) Journal of Economic Behaviour and Organization, March 20, 2020.

•  “Macroprudential policies, corporate governance, and bank risk: Cross-country evidence” (joint work with Ch. Gaganis, P. Papadimitri, and F. Pasiouras). Journal of Economic Behaviour and Organization, Vol, 169, pp, 126-142, 2020.

•  “Are Charter Value and Supervision Aligned? A Segmentation Analysis” (joint work with J Aparicio, MA Duran, A Lozano-Vivas, JT Pastor). Journal of Financial Stability, Vol. 37, pp. 60-73, 2018.

•   “Corporate Governance of SOEs and Performance in Transition Countries” (joint work with Claudia Curi and Justas Gedvilas). Modern Economy, Vol.7 No.12, 2016.

•  “Branching Deregulation and Merger Optimality” (joint with Miguel A. Meléndez and Antonio J. Morales). The Manchester School, Vol. 84, Issue 2, pp. 270-295, 2016.

•  ”Foreign Bank Efficiency during the Financial Crisis: Does one business model fit all? (joint with Claudia Curi and Valentin Zelenyuk). Journal of Banking and Finance, Volume 61, Supplement 1, pp. S22–S35, 2015.

(Paper granted with the Award of the Italian Banking and Finance Association (ADEIMF) to the best paper, 2014)

•  “Financial center productivity and innovation before and during the financial crisis” joint work with C. Curi. Journal of Productivity Analysis, Volume 43, Issue 3, pp 351-365, 2015

•  “Moral Hazard and the Financial Structure of Banks,” joint work with M.A. Duran, Journal of International Financial Markets, Institutions & Money, 34 (1), 28-40, 2015.

• “Types of Risk Shifting: The US Banking System”, joint work with Miguel A. Durán. Journal of Financial Stability, 13, pp. 64-74, 2014.

• “Bank productivity change and off-balance-sheet activities across different levels of economic development” joint work with Fotios Pasiouras. Journal of Financial Services Research, Volume 46 (3), pp 271-294, 2014.

• “Off-Balance Sheet Activity under Adverse selection: The European Experience” joint work with M.A. Duran, Journal of Economic Behavior & Organization, 85, pp. 176-190, 2013.

(Paper granted with the Award Ernst & Young to the best paper in Banking, XVII Foro de Finanzas, 2009)

• “Is foreign bank efficiency in financial centers driven by home or host country characteristics?” Joint work C. Curi, P. Guard, and V. Zelenyuk, Journal of Productivity Analysis 40(3) pp. 367-385, 2013.

• “How Do Risky Banks Finance their Assets”, joint work with M.A. Duran, International Advances in Economic Research, 18 (4), pp. 451-462, 2012.

• "Consolidation in the European Banking Industry: How effective is it?" joint work with Subal C. Kumbhakar, Meryem Fethi and Mohamed Shaban, Journal of Productivity Analysis 36(3), pp. 247-261, 2011.

• “With Whom to Merger? A Tale of the Spanish Banking Deregulation Process” joint work by Miguel A. Meléndez and Antonio J. Morales. Journal of the Spanish Economic Association. Vol. 2, pp. 159-184, 2011.

• “The impact of non-traditional activities on the estimation of bank efficiency: International evidence.” joint work with F. Pasiouras, Journal of Banking and Finance, vol 34(7), pp. 1436-1449, 2010.

•  “Do Performance and Environmental Conditions Act as Barriers for Cross-Border Banking in Europe?”, joint work with J.T. Pastor, OMEGA, vol. 38(5), pp. 275-282, 2010.

• “Deregulation and Product Differentiation in the Banking Industry”, joint work with A.J. Morales, Banks, and Bank Systems, vol 4(4), pp. 36-47, 2009.

• “How Does Cross-Border Activity Affect the EU Banking Markets”, joint work with L. Weill, European Financial Management, pp. 36-47, 2009.

•  “Measuring and Explaining the Impact of Vertical Differentiation on Banking Efficiency”, Managerial Finance, vol. 35(3), pp. 246-259, 2009.

• “Deregulation and Convergence of Banking: The EU Experience”, joint work with P. Evans and I. Hasan, Finish Economic Papers, vol. 21(1), pp. 1-14, 2008.

• “Multistrategic Spatial Competition in Banking”, joint work with M. Kim y A.J. Morales, International Journal of the Economics of Business, vol 14 (3), pp. 351-366, 2007.

•  “Banking and Economic Activity Performance: An Empirical Study at the Country Level”, joint work with J.T. Pastor, The Manchester School, vol. 74 (4), pp. 469-482, 2006.

• "Relating Macroeconomic Efficiency to Financial Efficiency: A Comparison of Fifteen OECD Countries over Eighteen Year Period", joint work with J.T. Pastor, Journal of Productivity Analysis, vol. 25(1), pp. 67-78, 2006.

• "Loan loss provision decisions: an empirical analysis of Spanish depository institutions", joint work with I. Hasan, Journal of International Accounting, Auditing and Taxation, vol. 14 pp. 55-77, 2005.

• “Deregulation and Productivity: The case of Spanish banks”, joint work with S. Kumbhakar, Journal of Regulatory Economics, vol. 27:3, pp. 331-351, 2005.

•  “Does deregulation make markets more competitive? Evidence of Mark-ups in Spanish Savings banks”, joint work with S. Kumbhakar, Applied Financial Economics, Vol. 14, pp. 507-515, 2004.

• "Deregulation, markup, and productivity change: the case of Spanish banks", joint work with S. Kumbhakar Research in Banking and Finance, Vol. 3, pp. 79-100, 2003.

• "The role of loan loss provisions in earnings management, capital management, and signaling: the Spanish experience", joint work with A. Anandarajan e I.  Hasan, Advances in International Accounting, vol. 16, pp. 43-63, 2003.

• "An efficiency comparison of European banking systems operating under different environmental conditions", joint work with J. T. Pastor y J. M. Pastor, Journal of Productivity Analysis, Vol. 18(1), pp. 59-78, 2002.

• "Bias in Malmquist index and cost function productivity measurement in banking", joint work with D. B. Humphrey, International Journal of Production Economics, 76 pp. 177-188, 2002.

• "Organizational form and expense preference: Spanish experience", joint work with I. Hasan, Bulletin of Economics Research, Vol. 18, nº 1, pp. 59-78, 2002. 

• "How emergent countries banks could improve their performance by adopting the technology of developed countries: the case of Tunisia" joint work with M. Chaffai y M. Dietsch, Journal of Development and Economic Policy, Vol. 3 nº 2 pp. 51-74, 2001.

·   "European bank performance beyond country borders: What really matters?", joint work with me. Hasan y J.T. Pastor, European Finance Review, Vol. 5 (1/2) pp. 141-165, 2001.

• "Technological and environmental differences in the European banking industries", joint work with M. Chaffai y M. Dietsch, Journal of Financial Services Research, Vol. 19 (2/3) pp. 147-162, 2001.

• "The effects of deregulation on the performance of financial institutions: The case of Spanish savings banks", joint work with S. Kumbhakar, C.A.K. Lovell e I. Hasan, Journal of Money, Credit, and Banking, 33(1) pp. 101-120, 2001.

• "How the environment determines banking efficiency: A comparison between French and Spanish industries", joint work with M. Dietsch, Journal of Banking and Finance, 24 pp. 985-1004, 2000.

• "Deregulation, strategy, bank performance, and efficiency: the Spanish experience", joint work with me. Hasan y C. Hunter, International Business and Finance, Vol. 14 pp. 189-210, 1999.

• "Efficiency and technical change for Spanish banks", Applied Financial Economics, nº 8 pp. 289-300, 1998.

SELECTED PUBLISHED PAPERS IN EDITED BOOKS

• Probability of default and banking efficiency. How does the market respond? Joint work with Claudia Curi in “Advances in Efficiency and Productivity II” edited by Springer, (forthcoming), 2019.

• Agency Problems in Banking: Types of and Incentives for Risk Shifting. Joint work with M.A. Duran, in Malavasi, R., and  S. Rossi (eds.), Financial Crisis, Bank Behaviour and Credit Crunch, Springer, 2015 (ISBN: 978-3-319-17412-9).

• Productivity of foreign bank: evidence from a financial center, joint work with C. Curi, in Efficiency and Productivity Growth - Modeling in the Financial Services Industry, F. Pasiousari (ed.) The UK. Wiley, pages. 95-211, 2013.

• Deregulation and efficiency of Taiwanese banks, joint work with R. Chou e I. Hasan, in Productivity and Economic Performance in the Asia-Pacific Region, edited by Tsu-Tan Fu, C. J. Huang y C.A.K. Knox, Edward Elgar Ltd., ISBN 1-84064-726-4, pages. 184-207, 2002.