Gaizka Ormazabal

University of Navarra, IESE Business School

Avenida Pearson 21

Barcelona, 08034

Spain

SCHOLARLY PAPERS

21

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15,653

CITATIONS
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Top 3,046

in Total Papers Citations

181

Scholarly Papers (21)

1.

Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research

Accounting Review, Forthcoming
Number of pages: 49 Posted: 31 Jul 2008 Last Revised: 24 Oct 2010
Ian D. Gow, Gaizka Ormazabal and Daniel J. Taylor
University of Melbourne, University of Navarra, IESE Business School and Wharton School, University of Pennsylvania
Downloads 3,381 (2,851)
Citation 137

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cross-sectional dependence, time-series dependence, autocorrelation, Fama-MacBeth, Newey-West, cluster-robust standard errors, cost of capital, credit ratings, conservatism

2.

Outsourcing Shareholder Voting to Proxy Advisory Firms

Journal of Law and Economics, Vol. 58, No. 1 (February 2015), pp. 173-204, Rock Center for Corporate Governance at Stanford University Working Paper No. 119, Stanford University Graduate School of Business Research Paper No. 14-27 (2105R), IESE Business School Working Paper No. WP1096-E
Number of pages: 51 Posted: 19 Jul 2012 Last Revised: 02 Sep 2015
David F. Larcker, Allan L. McCall and Gaizka Ormazabal
Stanford University - Graduate School of Business, Stanford University - Graduate School of Business and University of Navarra, IESE Business School
Downloads 2,038 (6,740)
Citation 3

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proxy advisory firms, say-on-pay, institutional shareholder voting

3.

The Market Reaction to Corporate Governance Regulation

Journal of Financial Economics, Volume 101, Issue 2, August 2011, Pages 431–448, Rock Center for Corporate Governance at Stanford University Working Paper Series No. 82
Number of pages: 52 Posted: 14 Apr 2015 Last Revised: 20 Jun 2015
David F. Larcker, Gaizka Ormazabal and Daniel J. Taylor
Stanford University - Graduate School of Business, University of Navarra, IESE Business School and Wharton School, University of Pennsylvania
Downloads 1,912 (7,546)
Citation 24

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corporate governance, executive compensation, proxy access, SEC regulation

4.

Ten Myths of 'Say on Pay'

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-26
Number of pages: 12 Posted: 27 Jun 2012 Last Revised: 03 Jul 2014
Stanford University - Graduate School of Business, Stanford University - Graduate School of Business, University of Navarra, IESE Business School and Stanford University - Graduate School of Business
Downloads 1,806 (8,320)
Citation 1

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say on pay, executive compensation, equity awards, equity compensation, performance-based pay, executive pay, corporate governance

Political Connections and the Informativeness of Insider Trades

Rock Center for Corporate Governance at Stanford University Working Paper No. 222
Number of pages: 60 Posted: 08 Sep 2016 Last Revised: 17 Jan 2018
University of Cambridge Judge Business School, Stanford University - Graduate School of Business, University of Navarra, IESE Business School and Wharton School, University of Pennsylvania
Downloads 1,555 (10,427)

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Political Connections; Insider Trading; Financial Crisis; Troubled Asset Relief Program; Capital Purchase Program

Political Connections and the Informativeness of Insider Trades

CEPR Discussion Paper No. DP12153
Number of pages: 56 Posted: 25 Jul 2017
University of Cambridge Judge Business School, Stanford University - Graduate School of Business, University of Navarra, IESE Business School and Wharton School, University of Pennsylvania
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Political Connections; Insider Trading; Financial Crisis; Troubled Asset Relief

6.

The Relation between Equity Incentives and Misreporting: The Role of Risk-Taking Incentives

Journal of Financial Economics (JFE), 109 (August 2013): 327-350., Rock Center for Corporate Governance at Stanford University Working Paper No. 126, Stanford Graduate School of Business Research Paper No. 2120
Number of pages: 61 Posted: 21 Oct 2012 Last Revised: 08 Jun 2013
University of Pennsylvania - Accounting Department, Stanford University - Graduate School of Business, University of Navarra, IESE Business School and Wharton School, University of Pennsylvania
Downloads 1,183 (16,363)
Citation 6

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Equity Incentives, Executive Compensation, Misreporting, Earnings Management, Restatements, SEC Enforcement Actions

7.

Asset Securitizations and Credit Risk

Accounting Review, Forthcoming
Number of pages: 49 Posted: 21 Jun 2011 Last Revised: 17 Aug 2013
Mary E. Barth, Gaizka Ormazabal and Daniel J. Taylor
Stanford University - Graduate School of Business, University of Navarra, IESE Business School and Wharton School, University of Pennsylvania
Downloads 887 (25,108)
Citation 7

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asset securitizations, credit ratings, credit risk

8.

Proxy Advisory Firms and Stock Option Repricing

Journal of Accounting & Economics (JAE), Vol. 56, No. Issues 2–3, November–December 2013, Pages 149-169, 2013, Rock Center for Corporate Governance at Stanford University Working Paper No. 100
Number of pages: 60 Posted: 19 Apr 2011 Last Revised: 09 Dec 2013
David F. Larcker, Allan L. McCall and Gaizka Ormazabal
Stanford University - Graduate School of Business, Stanford University - Graduate School of Business and University of Navarra, IESE Business School
Downloads 773 (30,395)
Citation 3

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proxy advisory firms, stock option exchanges, institutional shareholder voting, proxy voting

The Role of Stakeholders in Corporate Governance: A View from Accounting Research

Foundations and Trends in Accounting (Forthcoming)
Number of pages: 97 Posted: 15 Dec 2017
Gaizka Ormazabal
University of Navarra, IESE Business School
Downloads 506 (52,598)

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corporate governance, stakeholders, accounting

The Role of Stakeholders in Corporate Governance: A View from Accounting Research

CEPR Discussion Paper No. DP12775
Number of pages: 100 Posted: 13 Mar 2018
Gaizka Ormazabal
University of Navarra, IESE Business School
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10.

Follow the Money: Compensation, Risk, and the Financial Crisis

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-43, Stanford University Graduate School of Business Research Paper No. 14-34
Number of pages: 6 Posted: 08 Sep 2014
Stanford University - Graduate School of Business, University of Navarra, IESE Business School, Stanford University - Graduate School of Business and Wharton School, University of Pennsylvania
Downloads 500 (53,986)

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2008 financial crisis, risk-taking incentives, executive compensation, board of directors risk oversight, risk tolerance, financial incentives, corporate governance

11.

Firm Risk and Disclosures About Dispersion of Asset Values: Evidence from Oil and Gas Reserves

The Accounting Review (forthcoming)
Number of pages: 61 Posted: 13 Mar 2016 Last Revised: 23 Mar 2019
Marc Badia, Mary E. Barth, Miguel Duro and Gaizka Ormazabal
IESE Business School, Stanford University - Graduate School of Business, IESE Business School and University of Navarra, IESE Business School
Downloads 282 (105,241)

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Risk-relevant information, risk disclosure, oil and gas reserves, fair value accounting

12.

Whistleblowers on the Board? The Role of Independent Directors in Cartel Prosecutions

Number of pages: 47 Posted: 12 Oct 2015
Murillo Campello, Daniel Ferrés and Gaizka Ormazabal
Cornell University - Samuel Curtis Johnson Graduate School of Management, Universidad de Montevideo and University of Navarra, IESE Business School
Downloads 246 (121,331)

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Cartel Prosecution, Antitrust Policy, Leniency Programs, Independent Directors, Reputational Costs, Heckman Selection Test

13.

The Effect of Enforcement Transparency: Evidence from SEC Comment-Letter Reviews

The Review of Accounting Studies
Number of pages: 61 Posted: 25 May 2018 Last Revised: 23 Mar 2019
Miguel Duro, Jonas Heese and Gaizka Ormazabal
IESE Business School, Harvard Business School and University of Navarra, IESE Business School
Downloads 211 (141,084)

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Disclosure Rules, SEC Comment-Letter Reviews, Public Enforcement

14.

Disclosure Regulation and Competitive Interactions: Evidence from the Oil and Gas Industry

Number of pages: 56 Posted: 30 Nov 2016 Last Revised: 04 Aug 2018
Marc Badia, Miguel Duro, Bjorn Jorgensen and Gaizka Ormazabal
IESE Business School, IESE Business School, London School of Economics & Political Science (LSE) - Department of Accounting and Finance and University of Navarra, IESE Business School
Downloads 113 (238,196)

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Disclosure Rules, Disclosure of Oil and Gas Reserves, Informational Spillovers, Competition, Real Externalities of Disclosure Regulation, Proprietary Costs

15.
Downloads 105 (250,852)

Capital Structure under Collusion

Number of pages: 66 Posted: 01 Dec 2016 Last Revised: 01 Feb 2018
Giorgo Sertsios, Daniel Ferrés, Gaizka Ormazabal and Paul Povel
Universidad de los Andes, Chile, Universidad de Montevideo, University of Navarra, IESE Business School and University of Houston - Department of Finance, C.T. Bauer College of Business
Downloads 105 (252,335)

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Capital Structure, Financial Leverage, Financial Policies, Collusion, Cartels, Trigger Strategies

Capital Structure Under Collusion

CEPR Discussion Paper No. DP12151
Number of pages: 63 Posted: 25 Jul 2017
Daniel Ferrés, Gaizka Ormazabal, Paul Povel and Giorgo Sertsios
Universidad de Montevideo, University of Navarra, IESE Business School, University of Houston - Department of Finance, C.T. Bauer College of Business and Universidad de los Andes, Chile
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Capital Structure, cartels, Collusion, Financial Leverage, Financial Policies, Trigger Strategies

The Informational Effects of Tightening Oil and Gas Disclosure Rules

Contemporary Accounting Research, Forthcoming
Number of pages: 57 Posted: 11 Apr 2017 Last Revised: 03 Aug 2018
Marc Badia, Miguel Duro, Bjorn Jorgensen and Gaizka Ormazabal
IESE Business School, IESE Business School, London School of Economics & Political Science (LSE) - Department of Accounting and Finance and University of Navarra, IESE Business School
Downloads 90 (279,776)

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disclosure rules, disclosure of oil and gas reserves, bright-line rules, off-balance sheet disclosure.

The Informational Effects of Tightening Oil and Gas Disclosure Rules

CEPR Discussion Paper No. DP12776
Number of pages: 61 Posted: 13 Mar 2018
Marc Badia, Miguel Duro, Bjorn Jorgensen and Gaizka Ormazabal
IESE Business School, IESE Business School, London School of Economics & Political Science (LSE) - Department of Accounting and Finance and University of Navarra, IESE Business School
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Disclosure of Oil, Disclosure Rules, Gas Reserves

Disclosure Regulation and Corporate Acquisitions

Number of pages: 60 Posted: 05 Jan 2019
Pietro Bonetti, Miguel Duro and Gaizka Ormazabal
University of Navarra, IESE Business School, IESE Business School and University of Navarra, IESE Business School
Downloads 55 (369,360)

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disclosure regulation, market for corporate control, takeover laws, proprietary costs

Disclosure Regulation and Corporate Acquisitions

CEPR Discussion Paper No. DP13458
Number of pages: 63 Posted: 23 Jan 2019
Pietro Bonetti, Miguel Duro and Gaizka Ormazabal
University of Navarra, IESE Business School, IESE Business School and University of Navarra, IESE Business School
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Acquisitions, Disclosure regulation, market for corporate control, mergers, Proprietary costs, Takeover laws

18.

Does the Public Disclosure of the SEC's Oversight Actions Matter?

CEPR Discussion Paper No. DP12145
Number of pages: 64 Posted: 18 Jul 2017
Miguel Duro, Jonas Heese and Gaizka Ormazabal
IESE Business School, Harvard Business School and University of Navarra, IESE Business School
Downloads 7 (585,513)
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Disclosure Rules, SEC comment letters, SEC oversight

19.

Whistleblowers on the Board? The Role of Independent

CEPR Discussion Paper No. DP12143
Number of pages: 50 Posted: 18 Jul 2017
Murillo Campello, Daniel Ferrés and Gaizka Ormazabal
Cornell University - Samuel Curtis Johnson Graduate School of Management, Universidad de Montevideo and University of Navarra, IESE Business School
Downloads 2 (621,223)
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Cartel Prosecution; Antitrust Policy; Leniency Programs; Independent Directors;

20.

Firm Risk and Disclosures About Dispersion in Asset Values

CEPR Discussion Paper No. DP12144
Number of pages: 69 Posted: 18 Jul 2017
Marc Badia, Mary E. Barth, Miguel Duro and Gaizka Ormazabal
IESE Business School, Stanford University - Graduate School of Business, IESE Business School and University of Navarra, IESE Business School
Downloads 1 (633,216)
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21.

Market-Wide Effects of Off-Balance Sheet Disclosures:

CEPR Discussion Paper No. DP12152
Number of pages: 63 Posted: 25 Jul 2017
Marc Badia, Miguel Duro, Bjorn Jorgensen and Gaizka Ormazabal
IESE Business School, IESE Business School, London School of Economics & Political Science (LSE) - Department of Accounting and Finance and University of Navarra, IESE Business School
Downloads 0 (650,650)
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Disclosure of Oil and Gas Reserves, Disclosure Rules, Informational Spillovers, Real Effects of Disclosure Regulation.