Juan Mascareñas

Universidad Complutense de Madrid

Catedrático de Economía Financiera

Avda. de Séneca 2

Madrid, 28040

Spain

http://www.ucm.es

SCHOLARLY PAPERS

49

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70,929

CITATIONS
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23

Scholarly Papers (49)

1.

Introducción a las Finanzas Corporativas (Introduction to Corporate Finance)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2007
Number of pages: 29 Posted: 21 Aug 2013 Last Revised: 08 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 3,535 (2,689)

Abstract:

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corporate finance, agency costs, CFO, ethics, social responsibility

2.

Mercado de Derivados Financieros: Futuros y Opciones (Market of Financial Derivatives: Futures and Options)

Number of pages: 74 Posted: 19 Aug 2013 Last Revised: 21 Aug 2016
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 3,369 (2,929)

Abstract:

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futures, options, binomial, Black & Scholes, exotic options

3.

Introducción a los Mercados Financieros (Introduction to Financial Markets)

Number of pages: 36 Posted: 16 Aug 2013 Last Revised: 26 Jul 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 3,224 (3,169)
Citation 2

Abstract:

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financial markets, financial assets

4.

Mercado Financiero de Renta Fija (Financial Market on Fixed Income Securities)

Number of pages: 58 Posted: 17 Aug 2013 Last Revised: 27 Nov 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 2,772 (4,106)

Abstract:

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Fixed income securities, T-Bonds, Corporate Bonds, FRN, Duration

5.

Mercado de Divisas (Foreign Exchange Market)

Number of pages: 43 Posted: 18 Aug 2013 Last Revised: 15 Aug 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 2,473 (4,954)

Abstract:

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foreign exchange, exchange risk, spot rate, forward rate, PPP

6.

El Coste del Capital (The Cost of Capital)

Number of pages: 43 Posted: 20 Aug 2013 Last Revised: 15 Jun 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 2,402 (5,191)

Abstract:

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WACC, cost of capital, cost of equity, cost of debt

7.

Análisis del Apalancamiento (Leverage Analysis)

Number of pages: 36 Posted: 08 Sep 2013 Last Revised: 04 Mar 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 2,401 (5,203)

Abstract:

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break-even point, financial leverage, operative leverage, economic return, financial return, System Dynamics

8.

Mercado Financiero de Renta Variable (Financial Market on Variable Income Securities)

Number of pages: 62 Posted: 18 Aug 2013 Last Revised: 26 Mar 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 2,370 (5,316)

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stocks, valuation, IPO, primary market, secondary market, stock indexes, HFT, dark pools

9.

Mercado de Derivados Financieros: Swaps (Market of Financial Derivatives: Swaps)

Number of pages: 48 Posted: 19 Aug 2013 Last Revised: 06 Jul 2017
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 2,317 (5,538)
Citation 1

Abstract:

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interest rate swap, currency swap, equity swap, asset swap, IRS valuation

10.

La Estructura Temporal de los Tipos de Interés (Term Structure of Interest Rates)

Number of pages: 44 Posted: 23 Aug 2013 Last Revised: 09 Jan 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 2,254 (5,791)
Citation 3

Abstract:

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Term structure, expectations theory, liquidity preference, segmentation theory, preferred habitat theory

11.

La Valoración de Proyectos de Inversión Productivos (Project Valuation)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2008
Number of pages: 33 Posted: 21 Aug 2013 Last Revised: 12 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,964 (7,317)
Citation 1

Abstract:

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pay-back, NPV, IRR, MIRR

12.

El Valor Temporal del Dinero (The Time Value of Money)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, 'El Valor Temporal Del Dinero', ISSN: 1988-1878 04, 2013
Number of pages: 33 Posted: 19 Aug 2013 Last Revised: 14 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,914 (7,639)

Abstract:

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interest rate, present value, future value, annuity, capitalization, amortization

13.

La Valoración de los Activos de Renta Fija (The Valuation of Fixed Income Securities)

Number of pages: 57 Posted: 23 Aug 2013 Last Revised: 06 Feb 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,900 (7,760)
Citation 3

Abstract:

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Bond valuation, embedded options, convertible option

14.

Características de los Activos Financieros de Renta Fija (Characteristics of the Fixed Income Financial Assets)

Number of pages: 43 Posted: 23 Aug 2013 Last Revised: 22 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,815 (8,379)
Citation 1

Abstract:

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interest and reinvestment risks, default risk, inflation risk, CoCos, CDS

15.

La Estructura De Capital Óptima (The Optimum Capital Structure)

Number of pages: 45 Posted: 20 Aug 2013
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,803 (8,485)
Citation 1

Abstract:

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Capital structure, Modigliani-Miller, cost of agency, cost of bankruptcy, pecking order theory, trade-off theory

16.

Gestión de Carteras I: Selección de Carteras (Portfolio Management I: Portfolio Selection)

Number of pages: 28 Posted: 22 Aug 2013 Last Revised: 15 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,744 (8,925)

Abstract:

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Portfolio selection, Markowitz, Sharpe, Diagonal model

17.

La Medida del Riesgo de Interés de los Bonos (The Measure of Bond Interest Risk)

Number of pages: 47 Posted: 23 Aug 2013 Last Revised: 20 Jan 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,700 (9,335)
Citation 2

Abstract:

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Duration, convexity, effective duration

18.

Principios de Finanzas (Principles of Finance)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2007
Number of pages: 23 Posted: 21 Aug 2013 Last Revised: 10 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,496 (11,466)

Abstract:

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signalizing, comparative advantage, option, risk-return, diversification, efficiency, principles

19.

Opciones Reales: Introducción (Real Options: Introduction)

Number of pages: 25 Posted: 26 Aug 2013 Last Revised: 03 Feb 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,461 (11,898)

Abstract:

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Real options

20.

Gestión de Carteras II: Modelo de Valoración de Activos (Portfolio Management II: Capital Asset Pricing Model)

Number of pages: 30 Posted: 22 Aug 2013 Last Revised: 19 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,420 (12,461)
Citation 3

Abstract:

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CML, SML, CAPM, APT, Beta

21.

Opciones Reales: Valoración por el Método Binomial (Real Options: Valuation by the Binomial Method)

32 - Opciones Reales: Valoración por el método binomial, 2011
Number of pages: 21 Posted: 28 Aug 2013 Last Revised: 13 Apr 2015
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,390 (12,926)
Citation 1

Abstract:

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real option, binomial method

22.

La Gestión Activa de las Carteras de Renta Fija (The Active Management of Fixed Income Portfolios)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2007
Number of pages: 33 Posted: 22 Aug 2013 Last Revised: 22 Feb 2015
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,268 (14,870)

Abstract:

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active management, horizon analysis, bond swap, fixed income

23.

La Beta Apalancada (The Leveraged Beta)

Number of pages: 10 Posted: 20 Aug 2013 Last Revised: 20 Jan 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,237 (15,498)

Abstract:

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beta, unleveraged beta, leveraged beta, debt beta, equity beta, asset beta

24.

El Mercado del Oro (The Gold Market)

Number of pages: 24 Posted: 02 Jul 2014 Last Revised: 15 Jun 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,231 (15,605)

Abstract:

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gold market, bullions, carats, gold swaps, GOFO, ETF/ETC

25.

Introducción al Valor en Riesgo (VaR) (An Introduction to Value at Risk VaR)

Number of pages: 16 Posted: 26 Aug 2013 Last Revised: 14 Dec 2015
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,210 (16,000)

Abstract:

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Value at risk, VaR

26.

La Gestión Pasiva de las Carteras de Renta Fija (The Passive Management of Fixed Income Portfolios)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2006
Number of pages: 39 Posted: 22 Aug 2013 Last Revised: 02 Mar 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,204 (16,153)

Abstract:

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immunization, tracking error, bond indexation, cash flow matching

27.

La Política de Dividendos (Dividend Policy)

Number of pages: 42 Posted: 20 Aug 2013 Last Revised: 01 Feb 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,118 (18,064)

Abstract:

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Dividend policy, equity buybacks

28.

Riesgos Económico y Financiero (Business and Financial Risks)

23 - Riesgos Económico y Financiero, enero 2008
Number of pages: 34 Posted: 25 Aug 2013 Last Revised: 09 Aug 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,107 (18,324)
Citation 2

Abstract:

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business risk, financial risk, business return, financial return, rating, system dynamics

29.

Contratos Financieros Principal-Agente (Principal-Agent Financial Contracts)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2007
Number of pages: 47 Posted: 22 Aug 2013 Last Revised: 23 Jun 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,087 (18,840)

Abstract:

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Agency Theory, conflict of interests, principal-agent, moral hazard, adverse selection, monitoring costs

30.

Productos Financieros Estructurados (Structured Financial Products)

Number of pages: 28 Posted: 19 Aug 2013
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,061 (19,502)

Abstract:

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Structured finance, Inverse FRN, IAN, CDO, CDS

31.

Opción Real de Diferir un Proyecto de Inversión (Real Option to Defer an Investment Project)

33 - Opción real de diferir un proyecto de inversion, February 2013
Number of pages: 30 Posted: 28 Aug 2013 Last Revised: 12 Apr 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,048 (19,863)

Abstract:

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real option, option to defer, option to learn

32.

Opciones Reales en la Valoración de Proyectos de Inversión (Real Options in Project Valuation)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2009
Number of pages: 48 Posted: 22 Aug 2013 Last Revised: 05 Feb 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 1,041 (20,063)

Abstract:

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real options, option to defer, option to abandon, option to growth

33.

Introducción a la Gestión del Riesgo (Risk Management: An Introduction)

18 - Introducción a la gestión del riesgo, febrero 2008
Number of pages: 40 Posted: 25 Aug 2013 Last Revised: 19 Mar 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 984 (21,801)

Abstract:

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risk management, hedging, futures, forwards, swaps, options

34.

Introducción al Riesgo en la Empresa (Introduction to Firm's Risk)

20 - Introducción al Riesgo en la Empresa, marzo 2010
Number of pages: 32 Posted: 25 Aug 2013 Last Revised: 01 Dec 2016
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 975 (22,115)
Citation 1

Abstract:

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risk, diversification, risk free rate, risk premium, APT

35.

Opción Real de Abandonar un Proyecto de Inversión (Real Option to Abandon an Investment Project)

37 - Opción real de abandonar un proyecto de inversión, mayo 2013
Number of pages: 33 Posted: 28 Aug 2013 Last Revised: 05 May 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 965 (22,443)

Abstract:

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real option, option to abandon, business valuation

36.

Las Acciones Ordinarias como Opciones sobre el Activo de la Empresa (Equity Shares as Options on Firm's Assets)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, April 2012
Number of pages: 27 Posted: 22 Aug 2013 Last Revised: 08 May 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 961 (22,568)

Abstract:

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real options, share, equity, bankruptcy, duration

37.

Opciones Reales de Ampliar y Reducir un proyecto de inversión (Real Options to Growth and to Contract an Investment Project)

35 - Opciones reales de ampliar y reducir un proyecto de inversion, abr 2012
Number of pages: 21 Posted: 28 Aug 2013 Last Revised: 17 Apr 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 952 (22,894)

Abstract:

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real options, option to contract, option to growth

38.

La Financiación De Proyectos (Project Finance)

Number of pages: 30 Posted: 12 Mar 2014
Raúl Julián and Juan Mascareñas
Universidad Complutense de Madrid (UCM) - Faculty of Economics and Business Administration and Universidad Complutense de Madrid
Downloads 950 (22,960)

Abstract:

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Project finance, risk, mitigation, financial structure

39.

Opciones Exóticas (Exotic Options)

Number of pages: 45 Posted: 29 Dec 2013
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 877 (25,804)
Citation 1

Abstract:

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Exotic options, Asian, barrier, look back, shout, ladder, ratchet, cap, floors, collars, quanto, exchange, basket, rainbow, chooser, forward start, contingent premium, compounds, digital binary

40.

El Riesgo País (Country Risk)

24 - El Riesgo País, enero 2008
Number of pages: 35 Posted: 25 Aug 2013 Last Revised: 13 Aug 2017
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 828 (27,992)
Citation 1

Abstract:

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political risk, country risk, sovereign risk

41.

Opciones Reales: Gestión y Problemas de su Utilización (Real Options: Management and Problems Using Them)

38 - Opciones Reales: Gestión y problemas de su utilización, abr 2012
Number of pages: 16 Posted: 28 Aug 2013 Last Revised: 10 May 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 778 (30,465)

Abstract:

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real option

42.

Procesos Estocásticos: Procesos de Wiener e Ito (Stochastic Processes: Processes of Wiener and Ito)

Number of pages: 27 Posted: 26 Aug 2013 Last Revised: 10 Jan 2016
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 736 (32,866)

Abstract:

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Wiener process, Brownian movement

43.

Opciones Implícitas en Instrumentos de Financiación de la Empresa (Embedded Options in Firm's Financing Instruments)

Monografías de Juan Mascareñas sobre Finanzas Corporativas, ISSN: 1988-1878, 2011
Number of pages: 54 Posted: 22 Aug 2013 Last Revised: 22 May 2016
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 721 (33,824)

Abstract:

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call bond, put bond, warrant, convertible bond, embedded option

44.

Otros riesgos empresariales: Inflación, Liquidez, Legal, Catástrofe, Reputacional (Other business risks: Inflation, Liquidity, Legal, Catastrophe, Reputation)

25 - Otros tipos de riesgo, febrero 2008
Number of pages: 32 Posted: 25 Aug 2013 Last Revised: 02 Sep 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 717 (34,077)

Abstract:

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inflation risk, liquidity risk, legal risk, catastrophe risk, reputational risk, inflation swap

45.

Procesos Estocásticos: Introducción (Stochastic Processes: An Introduction)

Number of pages: 22 Posted: 26 Aug 2013 Last Revised: 02 May 2018
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 666 (37,678)

Abstract:

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Stochastic processes, random walk

46.

El Riesgo De Interés (The Interest Risk)

21 - El Riesgo de Interés, enero 2008
Number of pages: 15 Posted: 25 Aug 2013
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 660 (38,099)

Abstract:

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interest risk, modified duration, reinvestment risk

47.

La Valoración de un Proyecto Biotecnológico como una Opción Real Compuesta (The Valuation of a Biotechnological Project Like a Compound Real Option)

34 - La valoración de un proyecto biotecnológico como una opción real compuesta, mar 2012
Number of pages: 29 Posted: 28 Aug 2013 Last Revised: 10 May 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 630 (40,546)

Abstract:

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real option, biotechnology, compound option

48.

Primas de Riesgo a Plazo en la Deuda Pública Española (Term Risk Premiums in the Spanish Sovereign Debt)

Number of pages: 26 Posted: 02 Mar 2018 Last Revised: 09 Jan 2019
Juan Mascareñas
Universidad Complutense de Madrid
Downloads 105 (254,939)
Citation 2

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Tipo de interés a plazo prima de riesgo, curva de rendimientos, volatilidad, forward interest rate, risk premium, yield curve, volatility

49.

Estudio Del Efecto Tamaño En El Mercado Bursátil Colombiano (Study of the Size Effect in the Stock Market of Colombia)

Journal of Economics, Finance & Administrative Science, Vol. 18, No. sci, 2013
Number of pages: 5 Posted: 22 Nov 2013 Last Revised: 27 Nov 2013
Industrial University of Santander, Industrial University of Santander and Universidad Complutense de Madrid
Downloads 88 (284,227)

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Efecto, tamaño, Modelo de valoración de activos, Anomalía del mercado financiero, Size Effect Capital Asset Pricing Model Capital Market Anomaly