Fernando Penalva

IESE Business School - University of Navarra

Professor

Ave. Pearson 21

Barcelona, Barcelona 08034

Spain

http://www.iese.edu

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

14

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11,463

SSRN CITATIONS
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SSRN RANKINGS

Top 7,250

in Total Papers Citations

58

CROSSREF CITATIONS

122

Scholarly Papers (14)

1.

Accounting Conservatism and Firm Investment Efficiency

Journal of Accounting and Economics, Forthcoming
Number of pages: 47 Posted: 16 Apr 2009 Last Revised: 07 Jul 2015
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra
Downloads 2,653 (7,515)
Citation 33

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Conservatism; asymmetric timeliness of earnings; investment efficiency; overinvestment; underinvestment

2.

Conditional Conservatism and the Limits to Earnings Management

Number of pages: 66 Posted: 23 Oct 2012 Last Revised: 08 Jun 2019
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra
Downloads 2,209 (10,101)
Citation 9

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conditional conservatism, earnings asymmetric timeliness, earnings management, manipulation of real operating activities

3.

Stock Option Incentives and Firm Performance

Number of pages: 51 Posted: 27 Dec 2003
Stephen A. Hillegeist and Fernando Penalva
Arizona State University (ASU) - W. P. Carey School of Business, School of Accountancy and IESE Business School - University of Navarra
Downloads 1,148 (27,564)
Citation 18

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Employee stock options, financial performance, corporate governance

4.

Conditional Conservatism and Cost of Capital

Forthcoming in Review of Accounting Studies, Vol. 16, No. 2, June 2011
Number of pages: 42 Posted: 29 Jan 2010 Last Revised: 24 Mar 2010
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra
Downloads 1,135 (28,047)
Citation 4

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Conditional conservatism, asymmetric reporting, cost of capital, information precision, uncertainty

5.

Board of Directors' Characteristics and Conditional Accounting Conservatism: Spanish Evidence

European Accounting Review, Forthcoming
Number of pages: 40 Posted: 10 Jul 2007
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra
Downloads 1,006 (33,294)
Citation 4

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Conservatism, Governance, CEO, Board of Directors, Earnings Timeliness, Spain

6.

Information Consequences of Accounting Conservatism

European Accounting Review, Forthcoming
Number of pages: 41 Posted: 01 Sep 2011 Last Revised: 10 Dec 2013
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra
Downloads 876 (40,502)
Citation 2

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Accounting conservatism, asymmetric reporting, information asymmetry, information precision

7.

Conditionally Conservative Fair Value Measurements

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 64 Posted: 09 Mar 2015 Last Revised: 20 Oct 2016
Marc Badia, Miguel Duro, Fernando Penalva and Stephen G. Ryan
IESE Business School, IESE Business School, IESE Business School - University of Navarra and New York University (NYU) - Leonard N. Stern School of Business
Downloads 539 (76,190)
Citation 8

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Conditional Conservatism, Fair Value Measurement, Disclosure

8.

Quasi-Indexer Ownership and Conditional Conservatism: Evidence from Russell Index Reconstitutions

Number of pages: 60 Posted: 29 Oct 2018 Last Revised: 06 Jun 2019
Stephen A. Hillegeist, Fernando Penalva and Liwei Weng
Arizona State University (ASU) - W. P. Carey School of Business, School of Accountancy, IESE Business School - University of Navarra and The Hong Kong Polytechnic University
Downloads 461 (92,118)

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quasi-indexer institutional owners, conditional conservatism, monitoring, causal effect, regression discontinuity

9.
Downloads 438 ( 97,732)
Citation 29

The Economic Determinants of Conditional Conservatism

Number of pages: 60 Posted: 18 Nov 2008
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra
Downloads 430 (99,029)

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Conservatism, contracting, taxation, political costs, litigation risk

The Economic Determinants of Conditional Conservatism

Journal of Business Finance & Accounting, Vol. 36, Nos. 3-4, pp. 336-372, April/May 2009
Number of pages: 37 Posted: 12 May 2009
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra
Downloads 8 (882,226)
Citation 2

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10.

Governance Structure and the Weighting of Performance Measures in CEO Compensation

IESE Business School Working Paper No. 601
Number of pages: 30 Posted: 12 Jan 2006
Tony Davila and Fernando Penalva
University of Navarra - IESE Business School and IESE Business School - University of Navarra
Downloads 361 (121,889)
Citation 4

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CEO compensation, executive compensation, performance measures, compensation contracts

11.

Conservatism in Debt Contracting: Theory and Empirical Evidence

Number of pages: 48 Posted: 03 Jul 2019
Fernando Penalva and Alfred Wagenhofer
IESE Business School - University of Navarra and University of Graz
Downloads 252 (177,190)
Citation 1

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accounting conservatism; debt contracting

Debiasing the Measurement of Conditional Conservatism

Journal of Accounting Research Forthcoming
Number of pages: 79 Posted: 10 Jan 2020 Last Revised: 03 May 2021
Marc Badia, Miguel Duro, Fernando Penalva and Stephen G. Ryan
IESE Business School, IESE Business School, IESE Business School - University of Navarra and New York University (NYU) - Leonard N. Stern School of Business
Downloads 199 (221,108)

Abstract:

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Conditional conservatism, Asymmetric timeliness

Debiasing the Measurement of Conditional Conservatism

Journal of Accounting Research, Volume 59, Issue 4
Posted: 20 Sep 2021
Marc Badia, Miguel Duro, Fernando Penalva and Stephen G. Ryan
IESE Business School, IESE Business School, IESE Business School - University of Navarra and New York University (NYU) - Leonard N. Stern School of Business

Abstract:

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conditional conservatism; asymmetric timeliness

13.

Earnings Management to Avoid Debt Covenant Violations and Future Performance

Accounting Research Network, 2020
Number of pages: 63 Posted: 26 Oct 2020
Scott Dyreng, Stephen A. Hillegeist and Fernando Penalva
Duke University - Accounting, Arizona State University (ASU) - W. P. Carey School of Business, School of Accountancy and IESE Business School - University of Navarra
Downloads 186 (234,784)
Citation 1

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earnings management; debt covenants violations; future firm performance

14.

Accounting Conservatism and Corporate Governance

Review of Accounting Studies, Forthcoming
Posted: 07 Nov 2007
Universidad Carlos III de Madrid - Department of Business Administration, Universidad Carlos III de Madrid - Department of Business Administration and IESE Business School - University of Navarra

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Conditional conservatism, corporate governance, managerial discretion