Research Papers

Finance

Subpar Results From Spain's Investment Funds

Fernández, Pablo; Pershin, Vitaly; Fernández Acín, Pablo; Fernández Acín, Isabel How are Spain's investment funds doing? Research by Pablo Fernández says not so well. In fact, 95 percent of the professionally managed funds tracked from 2001 to 2016 underperformed the country's 15-year government bonds. Read article
Innovation and Change

Having It Both Ways: How to License and Protect Tech Innovations

Laursen, Keld; Moreira, Solon; Reichstein, Toke; Leone, Isabella Companies that license their technologies can benefit financially and gain new knowledge. But if they don't protect themselves, they could be overtaken by those companies they have licensed to. IESE's Solon Moreira examines how firms may guard their innovations with a grant-back clause. Read article
Business Ethics and Corporate Social Responsibility

Beyond Cosmetic CSR: Can Social Responsibility Be Bought?

Wickert, C.; Vaccaro, Antonino; Cornelissen, Josep Large multinationals are buying up smaller enterprises known for their strong corporate social responsibility (CSR) practices in order to bring in beneficial CSR knowledge and processes. The question is: does it work? IESE's Antonino Vaccaro investigates. Read article
Finance

Think Gold?: How Alternative Investments May Help Your Portfolio

Estrada, Javier Don't invest in gold because you think the price is about to go up; invest to diversify in times of crisis. When stocks and bonds are losing value, alternative assets -- including precious metals, commodities and real estate -- can help your portfolio, says IESE's Javier Estrada. Read article
Finance

204 Common Mistakes to Avoid When Valuing a Company

Fernández, Pablo Can you imagine assigning a negative value to the shares of a company whose expected cash flows are positive? This is just one of the 204 mistakes in company valuations that Pablo Fernández compiles in a paper. Read article

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