Research Interests
- Executive compensation
- Corporate Governance
- Risk Management
- Financial regulation and enforcement
- Governance intermediaries
- Sustainable finance
- Banking
Refereed Publications
- The Role of Information in Building a More Sustainable Economy: A Supply and Demand Perspective, with Henry Friedman, Journal of Accounting Research, Online.
- Institutional Investors, Climate Disclosure, and Carbon Emissions , with Shira Cohen and Igor Kadach, Journal of Accounting and Economics, Forthcoming.
- Executive Compensation Tied to ESG Performance: International Evidence, with Shira Cohen, Igor Kadach, and Stefan Reichelstein, Journal of Accounting Research, Forthcoming.
- Individual Wealth Taxes and Corporate Payouts, with Raul Barroso, and Donald N’Gatta, The Accounting Review, Forthcoming.
- Boosting Foreign Investment: The Role of Cerfitication of Corporate Governance, with Pietro Bonetti, Journal of Accounting Research, Forthcoming.
- Mandatory Carbon Disclosures and the Path to Net Zero, with Patrick Bolton, Marcin Kacperczyk, Christian Leuz, Stefan Reichelstein, and Dirk Schoenmaker, Management and Business Review, Vol.1, No. 3, Fall 2021.
- Switching From Incurred to Expected Loan Loss Provisioning: Early Evidence, with Germán López Espinosa and Yuki Sakasai, Journal of Accounting Research, 59 (3), 757-804.
- The Big Three and Corporate Carbon Emissions around the World, with José Azar, Miguel Duro, and Igor Kadach. Journal of Financial Economics, 142 (2), 674-696.
- Disclosure Regulation and Competitive Interactions: Evidence from the Oil and Gas Industry, with Marc Badia, Miguel Duro, and Bjorn Jorgensen, The Accounting Review, 96 (5), 1-29.
- Disclosure Regulation and Corporate Acquisitions, with Pietro Bonetti, and Miguel Duro, Journal of Accounting Research, 58 (1), 55 – 103.
- Political Connections and the Informativeness of Insider Trades, with Alan Jagolinzer, David F. Larcker, and Daniel J. Taylor, Journal of Finance, 75 (4), 1833-1876.
- Capital Structure Under Collusion, with Daniel Ferres, Paul Povel, and Giorgo Sertsios, Journal of Financial Intermediation, 45, Article 100854.
- Firm Risk and Disclosures about Dispersion of Asset Values: Evidence from Oil and Gas Reserves , with Marc Badia, Mary E. Barth, and Miguel Duro, The Accounting Review 95 (1), 1-29.
- The Informational Effects of Tightening Oil and Gas Disclosure Rules, with Marc Badia, Miguel Duro, and Bjorn Jorgensen, Contemporary Accounting Research 37 (3), 1720-1755.
- The Effect of Enforcement Transparency: Evidence from SEC Comment-Letter Reviews, with Miguel Duro and Jonas Heese, Review of Accounting Studies 24 (3), 780-823.
- Are Directors More Likely to Relinquish Their Riskiest Directorships after the Financial Crisis?, Journal of Corporate Finance 52, 1-20.
- The Role of Stakeholders in Corporate Governance: A View from Accounting Research, Foundations and Trends in Accounting 11 (4), 193–290.
- Whistleblowers on the Board? The Role of Independent Directors in Cartel Prosecutions, with Murillo Campello and Daniel Ferrés, Journal of Law and Economics 60:2, 241-268.
- Outsourcing Shareholder Voting to Proxy Advisory Firms, with David F. Larcker and Allan L. McCall, Journal of Law and Economics 58, 173-204.
- Proxy Advisory Firms and Stock Option Repricing, with David F. Larcker and Allan L. McCall, Journal of Accounting and Economics 56, 149-169.
- The Relation Between Equity Incentives and Misreporting: The Role of Risk-Taking Incentives, with Christopher Armstrong, David F. Larcker and Daniel J. Taylor, Journal of Financial Economics 109 (2), 327-350.
- Asset Securitizations and Credit Risk, with Mary E. Barth and Daniel F. Taylor, The Accounting Review 87 (2), 423-448.
- The Market Reaction to Corporate Governance Regulation, with David F. Larcker and Daniel J. Taylor, Journal of Financial Economics 101, 432-448.
- Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research , with Ian D. Gow and Daniel J. Taylor, The Accounting Review 85 (2), 483-512.
Working Papers
- Why Have CEO Pay Levels Become Less Diverse? with Torsten Jochem and Anjana Rajamani.
- Trading Emission Allowances and Financial Frictions with Donald N’Gatta and Robert Raney.
- Enforcement of Financial Reporting Regulation: Insights from New Data, with Sanjai Bissessur and Robin Litjens.
- Forward Looking Loan Provisions: Credit Supply and Risk-Taking with Bernardo Morais, José-Luis Peydró, Monica Roa and Miguel Sarmiento.
Other Details
Social Science Research Network: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1076473
Google Scholar: https://scholar.google.com/citations?hl=en&user=TQw8NsQAAAAJ
ResearchGate: https://www.researchgate.net/profile/Gaizka-Ormazabal-2