Details about Pablo Fernandez

Access statistics for papers by Pablo Fernandez.

Last updated 2008-11-18. Update your information in the RePEc Author Service.

Short-id: pfe23

Working Papers

2008

1. BBVA: 1991-2007. Creación de valor y rentabilidad
   IESE Research Papers, IESE Business School
2. Banco Santander: 1991-2007. Creación de valor y rentabilidad
   IESE Research Papers, IESE Business School
3. Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas
   IESE Research Papers, IESE Business School
4. IBEX 35: 1992-2007 - Rentabilidad y creación de valor
   IESE Research Papers, IESE Business School
5. Iberdrola: 1991-2007. Creación de valor y rentabilidad
   IESE Research Papers, IESE Business School
6. Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor
   IESE Research Papers, IESE Business School
7. Poor performance of mutual funds in Spain. 1991-2007
   IESE Research Papers, IESE Business School
8. Rentabilidad de los fondos de inversión en España. 1991-2007
   IESE Research Papers, IESE Business School
9. Rentabilidad de los fondos de pensiones en España. 1991-2007
   IESE Research Papers, IESE Business School
10. Telefónica: 1991-2007. Creación de valor y rentabilidad
    IESE Research Papers, IESE Business School
11. The equity premium in finance and valuation textbooks
    IESE Research Papers, IESE Business School
    Also in
    IESE Research Papers, IESE Business School (2006)

2007

12. 110 common errors in company valuations
    IESE Research Papers, IESE Business School
13. 120 errores en valoraciones de empresas
    IESE Research Papers, IESE Business School
    Also in
    IESE Research Papers, IESE Business School (2006)
14. A more realistic valuation: APV and WACC with constant book leverage ratio
    IESE Research Papers, IESE Business School
15. Creación de valor para los accionistas de Bankinter (1991-2006)
    IESE Research Papers, IESE Business School
16. Creación de valor para los accionistas de Repsol. 1991-2006
    IESE Research Papers, IESE Business School
17. Creación de valor para los accionistas de bancos españoles (1991-2006)
    IESE Research Papers, IESE Business School
18. Creación de valor para los accionistas de las eléctricas españolas (1991-2006)
    IESE Research Papers, IESE Business School
19. El peligro de utilizar betas calculadas
    IESE Research Papers, IESE Business School
20. Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006)
    IESE Research Papers, IESE Business School
21. Rentabilidad de los fondos de inversión en España. (1991-2006)
    IESE Research Papers, IESE Business School
22. Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006)
    IESE Research Papers, IESE Business School
23. Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006
    IESE Research Papers, IESE Business School
    Also in
    IESE Research Papers, IESE Business School (2006)
    IESE Research Papers, IESE Business School (2005)
    IESE Research Papers, IESE Business School (2004)
24. Valoración de marcas e intangibles
    IESE Research Papers, IESE Business School

2006

25. A general formula for the WACC: A correction
    IESE Research Papers, IESE Business School View citations
26. Cash flow is cash and is a fact. Net income is just an opinion
    IESE Research Papers, IESE Business School
27. Creación de valor para los accionistas de BBVA
    IESE Research Papers, IESE Business School
28. Creación de valor para los accionistas de Bankinter
    IESE Research Papers, IESE Business School
29. Creación de valor para los accionistas de Endesa
    IESE Research Papers, IESE Business School
30. Creación de valor para los accionistas de Iberdrola
    IESE Research Papers, IESE Business School
31. Creación de valor para los accionistas de Repsol
    IESE Research Papers, IESE Business School
32. Creación de valor para los accionistas de Telefónica
    IESE Research Papers, IESE Business School
33. Creación de valor para los accionistas de Unión Fenosa
    IESE Research Papers, IESE Business School
34. Creación de valor para los accionistas del Banco Popular
    IESE Research Papers, IESE Business School
35. Creación de valor para los accionistas del Banco Santander
    IESE Research Papers, IESE Business School
36. Descensos memorables en las cotizaciones: Telepizza y Boston Chicken
    IESE Research Papers, IESE Business School
37. Equity premium: Historical, expected, required and implied
    IESE Research Papers, IESE Business School View citations
38. Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe
    IESE Research Papers, IESE Business School
    Also in
    IESE Research Papers, IESE Business School (2005)
39. The correct value of tax shields: An analysis of 23 theories
    IESE Research Papers, IESE Business School

2005

40. Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case
    IESE Research Papers, IESE Business School
41. Financial literature about discounted cash flow valuation
    IESE Research Papers, IESE Business School
42. La prima de riesgo del mercado (market risk premium)
    IESE Research Papers, IESE Business School
43. Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields"
    IESE Research Papers, IESE Business School View citations
    See Also Journal Article in The Quarterly Review of Economics and Finance (2005)
44. Shareholder value creators in the S&P 500: Year 2004
    IESE Research Papers, IESE Business School
    Also in
    IESE Research Papers, IESE Business School (2004)
45. The value of tax shields depends only on the net increases of debt
    IESE Research Papers, IESE Business School
46. The value of tax shields is not equal to the present value of tax shields: A correction
    IESE Research Papers, IESE Business School View citations
47. The value of tax shields with a fixed book-value leverage ratio
    IESE Research Papers, IESE Business School
48. Valuing companies with a fixed book-value leverage ratio
    IESE Research Papers, IESE Business School

2004

49. 80 common and uncommon errors in company valuation
    IESE Research Papers, IESE Business School
    Also in
    IESE Research Papers, IESE Business School (2003) View citations
50. Are calculated betas good for anything?
    IESE Research Papers, IESE Business School
51. Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten
    IESE Research Papers, IESE Business School
52. Equivalence of ten different discounted cash flow valuation methods
    IESE Research Papers, IESE Business School
53. Market risk premium: Required, historical and expected
    IESE Research Papers, IESE Business School
54. Most common errors in company valuation
    IESE Research Papers, IESE Business School
55. On the instability of betas: The case of Spain
    IESE Research Papers, IESE Business School
56. Reply to "The value of tax shields is equal to the present value of tax shields"
    IESE Research Papers, IESE Business School
57. Shareholder value creation in Europe. Eurostoxx 50: 1997-2003
    IESE Research Papers, IESE Business School
58. Shareholder value creation of microsoft and GE
    IESE Research Papers, IESE Business School
59. Value of tax shields and the risk of the net increase of debt, The. Year 2004
    IESE Research Papers, IESE Business School

2003

60. Equivalence of ten different methods for valuing companies by cash flow discounting
    IESE Research Papers, IESE Business School
61. How to value a seasonal company by discounting cash flows
    IESE Research Papers, IESE Business School View citations
62. Levered and unlevered Beta
    IESE Research Papers, IESE Business School
63. Shareholder value creators and shareholder value destroyers in Europe. Year 2002
    IESE Research Papers, IESE Business School
64. Shareholder value creators and shareholder value destroyers in USA. Year 2001
    IESE Research Papers, IESE Business School
    Also in
    IESE Research Papers, IESE Business School (2003)
65. Three residual income valuation methods and discounted cash flow valuation
    IESE Research Papers, IESE Business School

2002

66. A definition of shareholder value creation
    IESE Research Papers, IESE Business School
67. Company valuation methods. The most common errors in valuations
    IESE Research Papers, IESE Business School
68. EVA, Economic profit and cash value added do NOT measure shareholder value creation
    IESE Research Papers, IESE Business School
69. Internet valuations: The case of Terra-Lycos
    IESE Research Papers, IESE Business School
70. Optimal capital structure: Problems with the Harvard and Damodaran Approaches
    IESE Research Papers, IESE Business School
71. The value of tax shields is not equal to the present value of tax shields
    IESE Research Papers, IESE Business School View citations
    See Also Journal Article in Journal of Financial Economics (2004)
72. Valuation of brands and intellectual capital
    IESE Research Papers, IESE Business School
73. Valuation using multiples. How do analysts reach their conclusions?
    IESE Research Papers, IESE Business School View citations
74. Valuing companies by cash flow discounting: Ten methods and nine theories
    IESE Research Papers, IESE Business School View citations
75. Valuing real options: frequently made errors
    IESE Research Papers, IESE Business School

1999

76. Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997)
    IESE Research Papers, IESE Business School
77. Equivalence of the different discounted cash flow valuation methods. Different alternatives for determining the discounted value of tax shields and their implications for the valuation
    IESE Research Papers, IESE Business School

1997

78. Volatilidades, betas y alfas de empresas españolas. Periodos 1990-1996 y 1986-1989
    IESE Research Papers, IESE Business School

1996

79. Convertible bonds in Spain: A different security
    IESE Research Papers, IESE Business School
80. Derivados exóticos
    IESE Research Papers, IESE Business School
81. Divisas. Evolución y análisis de tipos de cambio (1980-1995)
    IESE Research Papers, IESE Business School
82. Valoración de opciones por simulación
    IESE Research Papers, IESE Business School

1995

83. Equivalence of the APV, WACC and flows to equity approaches to firm valuation
    IESE Research Papers, IESE Business School

1993

84. Initial public offerings (IPOs): The Spanish experience
    IESE Research Papers, IESE Business School

Journal Articles

2005

1. Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields"
   The Quarterly Review of Economics and Finance, 2005, 45, (1), 188-192 View citations
   See Also Working Paper (2005)

2004

2. The value of tax shields is NOT equal to the present value of tax shields
   Journal of Financial Economics, 2004, 73, (1), 145-165 View citations
   See Also Working Paper (2002)

1992

3. Valoración de activos financieros por el método de las martingalas
   Investigaciones Economicas, 1992, 16, (1), 89-97