Details about Pablo Fernandez

Access statistics for papers by Pablo Fernandez.

Last updated 2023-06-07. Update your information in the RePEc Author Service.

Short-id: pfe23

Working Papers

2013

1. 28 problemas sencillos de finanzas resueltos y 950 respuestas erróneas
   IESE Research Papers, IESE Business School
2. Algunos swaps de tipos de interés
   IESE Research Papers, IESE Business School
3. Market Risk Premium Used in 82 Countries in 2012: A Survey with 7,192 Answers
   IESE Research Papers, IESE Business School View citations (13)
4. Rentabilidad de los fondos de inversión en España. 2001-2011
   IESE Research Papers, IESE Business School
5. Rentabilidad de los fondos de pensiones en España. 2001-2011
   IESE Research Papers, IESE Business School
   Also in IESE Research Papers, IESE Business School (2012)
6. Valuing Companies by Cash Flow Discounting: Fundamental Relationships and Unnecessary Complications
   IESE Research Papers, IESE Business School

2012

7. Bonos estructurados vendidos en España en los últimos años
   IESE Research Papers, IESE Business School
8. La insolvencia de Lehman Brothers en septiembre de 2008: Sobre su previsibilidad y sobre algunos "profetas a posteriori"
   IESE Research Papers, IESE Business School
9. Ten badly explained topics in most corporate finance books
   IESE Research Papers, IESE Business School View citations (2)
10. Valuation of an Expropriated Company: the Case of YPF and Repsol in Argentina
    IESE Research Papers, IESE Business School View citations (1)

2011

11. 201 preguntas sobre finanzas
    IESE Research Papers, IESE Business School
12. 21 problemas sencillos de finanzas resueltos y 525 respuestas erróneas
    IESE Research Papers, IESE Business School
13. IBEX 35: 1991-2010. Rentabilidad y creación de valor
    IESE Research Papers, IESE Business School
14. Market risk premium used in 2010 by analysts and companies: A survey with 2.400 answers
    IESE Research Papers, IESE Business School View citations (9)
15. Market risk premium used in 2010 by professors: A survey with 1,500 answers
    IESE Research Papers, IESE Business School View citations (9)
16. Market risk premium used in 56 countries in 2011: A survey with 6,014 answers
    IESE Research Papers, IESE Business School View citations (29)
17. Prima de riesgo del mercado utilizada para España: Encuesta 2011
    IESE Research Papers, IESE Business School
18. Ranking de gestoras de fondos de inversión en España. 1991-2010
    IESE Research Papers, IESE Business School
19. Ranking de gestoras de fondos de pensiones en España. 1990-2010
    IESE Research Papers, IESE Business School
20. Rentabilidad y creación de valor de 125 empresas españolas en 2010
    IESE Research Papers, IESE Business School
21. Shareholder value creators in the S&P 500: 1991-2010
    IESE Research Papers, IESE Business School
22. Telefónica: 1991-2010. Creación de valor y rentabilidad
    IESE Research Papers, IESE Business School
23. US market risk premium used in 2011 by professors, analysts and companies: A survey with 5.731 answers
    IESE Research Papers, IESE Business School View citations (3)
24. WACC: Definition, misconceptions and errors
    IESE Research Papers, IESE Business School View citations (1)

2010

25. Ranking de gestoras de fondos de inversión en España. 1994-2009
    IESE Research Papers, IESE Business School
26. Rentabilidad de los fondos de inversión en España. 1991-2009
    IESE Research Papers, IESE Business School
27. Rentabilidad y creación de valor de 125 empresas españolas en 2009
    IESE Research Papers, IESE Business School
28. Tres sentencias con tremendos errores sobre valoración
    IESE Research Papers, IESE Business School

2009

29. 100 questions on finance
    IESE Research Papers, IESE Business School
30. 17 problemas de finanzas básicas resueltos y 307 respuestas erróneas
    IESE Research Papers, IESE Business School
31. Beta = 1 does a better job than calculated betas
    IESE Research Papers, IESE Business School
32. Betas used by professors: A survey with 2,500 answers
    IESE Research Papers, IESE Business School
33. Betas utilizadas por directivos y profesores europeos en 2009
    IESE Research Papers, IESE Business School
34. IBEX 35: 1991-2008. Rentabilidad y creación de valor
    IESE Research Papers, IESE Business School
35. Información privilegiada según un tribunal español
    IESE Research Papers, IESE Business School
36. La prima de riesgo del mercado según 100 Libros
    IESE Research Papers, IESE Business School
37. Market risk premium used in 2008 by Professors: A survey with 1,400 answers
    IESE Research Papers, IESE Business School View citations (5)
38. Market risk premium used in 2008: A survey of more than a 1,000 professors
    IESE Research Papers, IESE Business School
39. Prima de Riesgo del Mercado: Histórica, Esperada, Exigida e Implícita
    (Equity Risk Premium: Historic, Expected, Required and Implied)
    MPRA Paper, University Library of Munich, Germany
40. Rentabilidad de los fondos de inversión en España. 1991-2008
    IESE Research Papers, IESE Business School View citations (1)
41. Rentabilidad de los fondos de pensiones en España. 1991-2008
    IESE Research Papers, IESE Business School
42. Rentabilidad y creación de valor de 136 empresas españolas en 2008
    IESE Research Papers, IESE Business School
43. Rentabilidad y creación de valor de 136 empresas españolas en el primer semestre de 2009 y en 2008
    IESE Research Papers, IESE Business School
44. Shareholder value creators in the Dow Jones: Year 2008
    IESE Research Papers, IESE Business School
45. The equity premium in 150 textbooks
    IESE Research Papers, IESE Business School View citations (7)
    See also Journal Article The equity premium in 150 textbooks, Journal of Financial Transformation, Capco Institute (2009) View citations (4) (2009)
46. The equity premium puzzle: High required equity premium, undervaluation and self fulfilling prophecy
    IESE Research Papers, IESE Business School View citations (1)

2008

47. 160 preguntas sobre finanzas
    IESE Research Papers, IESE Business School
48. BBVA: 1991-2007. Creación de valor y rentabilidad
    IESE Research Papers, IESE Business School
49. Banco Santander: 1991-2007. Creación de valor y rentabilidad
    IESE Research Papers, IESE Business School
50. Descensos de las cotizaciones de 154 empresas españolas. 1991-2008
    IESE Research Papers, IESE Business School
51. Dos sentencias con tremendos errores sobre valoración
    IESE Research Papers, IESE Business School
52. Eléctricas españolas: 1991-2007. Creación de valor y rentabilidad para los accionistas
    IESE Research Papers, IESE Business School
53. IBEX 35: 1992-2007 - Rentabilidad y creación de valor
    IESE Research Papers, IESE Business School
54. Iberdrola: 1991-2007. Creación de valor y rentabilidad
    IESE Research Papers, IESE Business School
55. Las empresas españolas en 2007 (y en el periodo 1993-2007). Rentabilidad y creación de valor
    IESE Research Papers, IESE Business School
56. Métodos de valoración de empresas
    IESE Research Papers, IESE Business School View citations (1)
57. Poor performance of mutual funds in Spain. 1991-2007
    IESE Research Papers, IESE Business School View citations (3)
58. Prima de riesgo del mercado utilizada: Encuesta 2008
    IESE Research Papers, IESE Business School
59. Rentabilidad de los fondos de inversión en España. 1991-2007
    IESE Research Papers, IESE Business School
60. Rentabilidad de los fondos de pensiones en España. 1991-2007
    IESE Research Papers, IESE Business School View citations (1)
61. Rentabilidad y creación de valor de 125 empresas españolas en 2008 (hasta el 17 de septiembre)
    IESE Research Papers, IESE Business School
62. Telefónica: 1991-2007. Creación de valor y rentabilidad
    IESE Research Papers, IESE Business School
63. The equity premium in 100 textbooks
    IESE Research Papers, IESE Business School View citations (2)
64. The equity premium in finance and valuation textbooks
    IESE Research Papers, IESE Business School
    Also in IESE Research Papers, IESE Business School (2006) View citations (1)
65. Valoración de empresas por descuento de flujos: Diez métodos y siete teorías
    IESE Research Papers, IESE Business School
66. Valoración de opciones reales: Dificultades, problemas y errores
    IESE Research Papers, IESE Business School

2007

67. 110 common errors in company valuations
    IESE Research Papers, IESE Business School View citations (4)
    See also Journal Article 110 Common Errors in Company Valuations, International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA) (2013) View citations (4) (2013)
68. 120 errores en valoraciones de empresas
    IESE Research Papers, IESE Business School
69. A more realistic valuation: APV and WACC with constant book leverage ratio
    IESE Research Papers, IESE Business School View citations (5)
70. Creación de valor para los accionistas de Bankinter (1991-2006)
    IESE Research Papers, IESE Business School
71. Creación de valor para los accionistas de Repsol. 1991-2006
    IESE Research Papers, IESE Business School
72. Creación de valor para los accionistas de bancos españoles (1991-2006)
    IESE Research Papers, IESE Business School
73. Creación de valor para los accionistas de las eléctricas españolas (1991-2006)
    IESE Research Papers, IESE Business School
74. El peligro de utilizar betas calculadas
    IESE Research Papers, IESE Business School
75. Rentabilidad de los fondos de inversión de renta variable nacional en España (1991-2006)
    IESE Research Papers, IESE Business School View citations (1)
76. Rentabilidad de los fondos de inversión en España. (1991-2006)
    IESE Research Papers, IESE Business School
77. Rentabilidad y creación de valor de las empresas españolas en 2006 (y en el periodo 1993-2006)
    IESE Research Papers, IESE Business School
78. Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2006
    IESE Research Papers, IESE Business School
79. Valoración de marcas e intangibles
    IESE Research Papers, IESE Business School

2006

80. 102 errores en valoraciones de empresas
    IESE Research Papers, IESE Business School
81. A general formula for the WACC: A correction
    IESE Research Papers, IESE Business School View citations (3)
82. Cash flow is cash and is a fact. Net income is just an opinion
    IESE Research Papers, IESE Business School View citations (5)
83. Creación de valor para los accionistas de BBVA
    IESE Research Papers, IESE Business School
84. Creación de valor para los accionistas de Bankinter
    IESE Research Papers, IESE Business School
85. Creación de valor para los accionistas de Endesa
    IESE Research Papers, IESE Business School
86. Creación de valor para los accionistas de Iberdrola
    IESE Research Papers, IESE Business School
87. Creación de valor para los accionistas de Repsol
    IESE Research Papers, IESE Business School
88. Creación de valor para los accionistas de Telefónica
    IESE Research Papers, IESE Business School
89. Creación de valor para los accionistas de Unión Fenosa
    IESE Research Papers, IESE Business School
90. Creación de valor para los accionistas del Banco Popular
    IESE Research Papers, IESE Business School
91. Creación de valor para los accionistas del Banco Santander
    IESE Research Papers, IESE Business School
92. Descensos memorables en las cotizaciones: Telepizza y Boston Chicken
    IESE Research Papers, IESE Business School
93. Equity premium: Historical, expected, required and implied
    IESE Research Papers, IESE Business School View citations (15)
94. Euro Stoxx 50: 1997-2005. Shareholder value creation in Europe
    IESE Research Papers, IESE Business School
95. Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1993-2005
    IESE Research Papers, IESE Business School
96. The correct value of tax shields: An analysis of 23 theories
    IESE Research Papers, IESE Business School View citations (3)

2005

97. Discounted cash flow valuation methods: Examples of perpetuities, constant growth and general case
    IESE Research Papers, IESE Business School
98. EuroStoxx 50: 1997-2004. Shareholder value creation in Europe
    IESE Research Papers, IESE Business School
99. Financial literature about discounted cash flow valuation
    IESE Research Papers, IESE Business School View citations (1)
100. La prima de riesgo del mercado (market risk premium)
     IESE Research Papers, IESE Business School
101. Rentabilidad y creación de valor para los accionistas de las empresas españolas y del Ibex 35. 1992-2004
     IESE Research Papers, IESE Business School
102. 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 (6)
     See also Journal Article 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, Elsevier (2005) View citations (6) (2005)
103. Shareholder value creators in the S&P 500: Year 2004
     IESE Research Papers, IESE Business School
104. The value of tax shields depends only on the net increases of debt
     IESE Research Papers, IESE Business School
105. 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 (6)
106. The value of tax shields with a fixed book-value leverage ratio
     IESE Research Papers, IESE Business School
107. Valuing companies with a fixed book-value leverage ratio
     IESE Research Papers, IESE Business School

2004

108. 80 common and uncommon errors in company valuation
     IESE Research Papers, IESE Business School
109. Are calculated betas good for anything?
     IESE Research Papers, IESE Business School View citations (2)
110. Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten
     IESE Research Papers, IESE Business School
111. Equivalence of ten different discounted cash flow valuation methods
     IESE Research Papers, IESE Business School
112. Market risk premium: Required, historical and expected
     IESE Research Papers, IESE Business School View citations (2)
113. Most common errors in company valuation
     IESE Research Papers, IESE Business School View citations (2)
114. On the instability of betas: The case of Spain
     IESE Research Papers, IESE Business School
115. Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003
     IESE Research Papers, IESE Business School
116. Reply to "The value of tax shields is equal to the present value of tax shields"
     IESE Research Papers, IESE Business School View citations (38)
117. Shareholder value creation in Europe. Eurostoxx 50: 1997-2003
     IESE Research Papers, IESE Business School
118. Shareholder value creation of microsoft and GE
     IESE Research Papers, IESE Business School View citations (4)
119. Shareholder value creators in the S&P 500: Year 2003
     IESE Research Papers, IESE Business School
120. Value of tax shields and the risk of the net increase of debt, The. Year 2004
     IESE Research Papers, IESE Business School

2003

121. 75 common and uncommon errors in company valuation
     IESE Research Papers, IESE Business School View citations (3)
122. Equivalence of ten different methods for valuing companies by cash flow discounting
     IESE Research Papers, IESE Business School View citations (2)
123. How to value a seasonal company by discounting cash flows
     IESE Research Papers, IESE Business School View citations (5)
     See also Journal Article How to Value a Seasonal Company’s Discounting Cash Flows, European Research Studies Journal, European Research Studies Journal (2011) View citations (1) (2011)
124. Levered and unlevered Beta
     IESE Research Papers, IESE Business School View citations (3)
125. Shareholder value creators and shareholder value destroyers in Europe. Year 2002
     IESE Research Papers, IESE Business School View citations (1)
126. Shareholder value creators and shareholder value destroyers in USA. Year 2001
     IESE Research Papers, IESE Business School View citations (1)
127. Shareholder value creators and shareholder value destroyers in USA. Year 2002
     IESE Research Papers, IESE Business School View citations (1)
128. Three residual income valuation methods and discounted cash flow valuation
     IESE Research Papers, IESE Business School View citations (4)

2002

129. A definition of shareholder value creation
     IESE Research Papers, IESE Business School View citations (4)
130. Company valuation methods. The most common errors in valuations
     IESE Research Papers, IESE Business School View citations (8)
131. EVA, Economic profit and cash value added do NOT measure shareholder value creation
     IESE Research Papers, IESE Business School View citations (15)
132. Internet valuations: The case of Terra-Lycos
     IESE Research Papers, IESE Business School View citations (1)
     See also Journal Article Internet valuations: The case of Terra-Lycos, European Research Studies Journal, European Research Studies Journal (2012) View citations (3) (2012)
133. Optimal capital structure: Problems with the Harvard and Damodaran Approaches
     IESE Research Papers, IESE Business School
134. The value of tax shields is not equal to the present value of tax shields
     IESE Research Papers, IESE Business School View citations (4)
     See also Journal Article The value of tax shields is NOT equal to the present value of tax shields, Journal of Financial Economics, Elsevier (2004) View citations (59) (2004)
135. Valuation of brands and intellectual capital
     IESE Research Papers, IESE Business School View citations (2)
136. Valuation using multiples. How do analysts reach their conclusions?
     IESE Research Papers, IESE Business School View citations (10)
137. Valuing companies by cash flow discounting: Ten methods and nine theories
     IESE Research Papers, IESE Business School View citations (13)
138. Valuing real options: frequently made errors
     IESE Research Papers, IESE Business School View citations (3)

1999

139. Beneficio económico, EVA y creación de valor de empresas españolas (1991-1997)
     IESE Research Papers, IESE Business School
140. 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 View citations (1)

1997

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

1996

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

1995

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

1993

147. Initial public offerings (IPOs): The Spanish experience
     IESE Research Papers, IESE Business School View citations (4)

Journal Articles

2017

1. Market Risk Premium Used in 71 Countries in 2016: A Survey with 6,932 Answers
   Journal of International Business Research and Marketing, 2017, 2, (6), 23-31

2013

2. 110 Common Errors in Company Valuations
   International Journal of Economics & Business Administration (IJEBA), 2013, I, (1), 33-78 View citations (4)
   See also Working Paper 110 common errors in company valuations, IESE Research Papers (2007) View citations (4) (2007)

2012

3. Internet valuations: The case of Terra-Lycos
   European Research Studies Journal, 2012, XV, (2), 3-22 View citations (3)
   See also Working Paper Internet valuations: The case of Terra-Lycos, IESE Research Papers (2002) View citations (1) (2002)

2011

4. How to Value a Seasonal Company’s Discounting Cash Flows
   European Research Studies Journal, 2011, XIV, (2), 27-52 View citations (1)
   See also Working Paper How to value a seasonal company by discounting cash flows, IESE Research Papers (2003) View citations (5) (2003)

2009

5. The equity premium in 150 textbooks
   Journal of Financial Transformation, 2009, 27, 14-18 View citations (4)
   See also Working Paper The equity premium in 150 textbooks, IESE Research Papers (2009) View citations (7) (2009)

2005

6. 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 (6)
   See also Working Paper Reply to "Comment on the value of tax shields is NOT equal to the present value of tax shields", IESE Research Papers (2005) View citations (6) (2005)

2004

7. 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 (59)
   See also Working Paper The value of tax shields is not equal to the present value of tax shields, IESE Research Papers (2002) View citations (4) (2002)

1992

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

Books

2002

1. Valuation Methods and Shareholder Value Creation
   Elsevier Monographs, Elsevier View citations (32)