Area
Deusto Business School
Department
Finance and Economics
Email:
guillermo.badia@deusto.esGuillermo Badía is an associate professor (accredited by ANECA) in the area of Accounting and Finance at Deusto Business School (Bilbao, Spain). He holds a PhD in Financial Economics and Accounting from the University of Zaragoza. He is currently the main researcher (IP – Investigador principal) of the Finance Research Group at Deusto Business School, University of Deusto. His main research interests are the performance of socially responsible investments, corporate social responsibility, firm internationalization, portfolio management evaluation, and financial risk management. He has published various articles and book chapters in international scientific journals, such as Corporate Social Responsibility and Environmental Management, International Journal of Finance and Economics, and Accounting & Finance, among others. He has presented different works at international conferences and congresses such as the Annual European Financial Management Association (EFMA) meeting, and the PhD Consortium organized by the Spanish Finance Association (AEFIN) - FINANCE FORUM. He is engaged in editorial review activities for journals such as International Review of Financial Analysis and Finance Research Letters. He has chaired both scientific and organizational committees of research congresses, being a founding member and first president of the BBS research seminar series of the Faculty of Economics and Business at University of Zaragoza. He has received several scholarships and research awards, and has participated in various research projects, both national and European as well as international. From 2020 he is a Member of the EUROSIF SRI Market Study Committee.
CVArticles in Scientific Journals
Are investments in material corporate social responsibility issues a key driver of financial performance? / Accounting and Finance
Badía Fraile, Guillermo; Gomez-Bezares Pascual, Fernando; Ferruz, Luis
ISBNAR: 0810-5391 / Volume: 62 / Journal number: 3 / Start page: 3987 / End page: 4011 / Date: 2022
The flip teaching as tool to improving students? sustainable learning performance in a financial course / Sustainability
Badía Fraile, Guillermo; Bachiller, Patricia
ISBNAR: 2071-1050 / Volume: 23 / Journal number: 12 / Start page: 9998 / Date: 2020
The performance of social responsible investing from retail investors' perspective: international evidence / International Journal of Finance and Economics
Badía Fraile, Guillermo; Ferruz, Luis; Cortez, Maria Ceu
ISBNAR: 1076-9307 / Volume: 4 / Journal number: 26 / Start page: 6074 / End page: 6088 / Date: 2020
Socially responsible investing worldwide: Do markets value corporate social responsibility? / Corporate Social Responsibility and Environmental Management
Badía Fraile, Guillermo; Cortez, Maria Ceu; Ferruz, Luis
ISBNAR: 1535-3958 / Date: 2020
Inversión sostenible y bonos soberanos / AECA: Revista de la Asociación Española de Contabilidad y Administración de Empresas
Badía Fraile, Guillermo; Pina, Vicente; Torres, Lourdes
ISBNAR: 1577-2403 / Volume: 129 / Start page: 42 / End page: 44 / Date: 2020
Financial Performance of Government Bond Portfolios Based on Environmental, Social and Governance Criteria / Sustainability
Badía Fraile, Guillermo; Pina, Vicente; Torres, Lourdes
ISBNAR: 2071-1050 / Volume: 9 / Journal number: 11 / Start page: 2514 / Date: 2019
Juventud e inversión... socialmente responsable / Revista de Estudios de Juventud
Badía Fraile, Guillermo
ISBNAR: 0211-4364 / Volume: 119 / Start page: 109 / End page: 118 / Date: 2018
Adapting and testing the Fama and French model, with some variations of company characteristics / Applied Economics Letters
Ferruz, Luis; Badía Fraile, Guillermo
ISBNAR: 1350-4851 / Volume: 24 / Journal number: 5 / Start page: 342 / End page: 345 / Date: 2017
Model adapted from Fama and French, paying attention to the assumptions of the estimation methodology / Análisis Financiero
Ferruz, Luis; Badía Fraile, Guillermo
ISBNAR: 0210-2358 / Volume: 130 / Start page: 24 / End page: 39 / Date: 2016
A sector strategy from the Fama and French model / Applied Economics Letters
Ferruz, Luis; Badía Fraile, Guillermo
ISBNAR: 1350-4851 / Volume: 22 / Journal number: 18 / Start page: 1511 / End page: 1514 / Date: 2015
¿Se puede batir al mercado con un CAPM Sectorial? / Análisis Financiero
Ferruz, Luis; Badía Fraile, Guillermo
ISBNAR: 0210-2358 / Volume: 126 / Start page: 6 / End page: 21 / Date: 2014
Chapters of Books
A virtuous circle: corporate social responsibility, corporate internationalization, and corporate financial performance / Internationalization and Global Markets
Badía Fraile, Guillermo
ISBNCO: 978-84-1309-314-9 / Start page: 173 / End page: 194 / Date: 2021
La aplicación de flipteaching en una asignatura de finanzas / Buenas prácticas en la docencia universitaria con apoyo de TIC: Experiencias en 2019
Bachiller, Patricia; Badía Fraile, Guillermo
ISBNCO: 9788413401300 / Start page: 199 / End page: 2016 / Date: 2020
Análisis de persistencia en compañías españolas / Investigaciones en métodos cuantitativos para la economía y la empresa. Homenaje al profesor Rafael Herrerías Pleguezuelo
Ferruz, Luis; Badía Fraile, Guillermo
ISBNCO: 9788433859389 / Start page: 201 / End page: 206 / Date: 2016
Adaptación del modelo de Fama y French aplicado a mejoras en gestión de carteras / Avances y retos en economía financiera y empresarial: ensayos en homenaje al profesor Andrés de Pablo López
Ferruz, Luis; Badía Fraile, Guillermo
ISBNCO: 9788499612454 / Start page: 147 / End page: 160 / Date: 2016
Do investors benefit from investing in stocks of green bond issuers?
Badía Fraile, Guillermo; Cortez, Maria Ceu; Silva, Florinda
Congress name: Do investors benefit from investing in stocks of green bond issuers? / Country: España / Web: https://workshopjovenesinvestigadores.wordpress.com/ / Publication name: Do investors benefit from investing in stocks of green bond issuers? / Start date: 2022/08/31 / End date: 2022/09/02
A blended strategy to improve financial performance? Exploring the impact of internationalization and CSR
Badía Fraile, Guillermo; Baselga Pascual, Laura; GARMENDIA LAZCANO, AITOR; LOBAN ACERO, LIDIA
Congress name: A blended strategy to improve financial performance? Exploring the impact of internationalization and CSR / City: Braga / Country: Portugal / Web: https://www.glofin.org/ / Publication name: A blended strategy to improve financial performance? Exploring the impact of internationalization and CSR / Start date: 2022/06/20 / End date: 2022/06/22
Are SFDR labels a definitive policy tool for the transition to a sustainable economy?
LOBAN ACERO, LIDIA; Vicente, Luis; Ortiz, Cristina; Badía Fraile, Guillermo
Congress name: Are SFDR labels a definitive policy tool for the transition to a sustainable economy? / Country: España / Publication name: Are SFDR labels a definitive policy tool for the transition to a sustainable economy? / Start date: 2022/06/09 / End date: 2022/06/10
Do internationalized firms with high CSR standards perform better? The story of European players
Badía Fraile, Guillermo; Baselga Pascual, Laura; GARMENDIA LAZCANO, AITOR
Congress name: Do internationalized firms with high CSR standards perform better? The story of European players / Country: España / Web: https://aecr.org/es/novedad/ / Publication name: Do internationalized firms with high CSR standards perform better? The story of European players / Start date: 2021/09/30 / End date: 2021/10/01
A virtuous circle: corporate internationalization, corporate social responsibility, and corporate financial performance
Badía Fraile, Guillermo
Congress name: A virtuous circle: corporate internationalization, corporate social responsibility, and corporate financial performance / Country: España / Web: https://workshopjovenesinvestigadores.wordpress.com/ / Publication name: A virtuous circle: corporate internationalization, corporate social responsibility, and corporate financial performance / Start date: 2021/09/01 / End date: 2021/09/03
Are investments in material corporate social responsibility issues a key driver of financial performance?
Badía Fraile, Guillermo; GOMEZ-BEZARES PASCUAL, FERNANDO; Ferruz, Luis
Congress name: Are investments in material corporate social responsibility issues a key driver of financial performance? / Country: España / Web: https://www.acede.org/es/evento/71 / Publication name: Are investments in material corporate social responsibility issues a key driver of financial performance? / Start date: 2021/04/15 / End date: 2021/04/16
La aplicación de flip-teaching en una asignatura de finanzas
Bachiller, Patricia; Badía Fraile, Guillermo
Congress name: La aplicación de flip-teaching en una asignatura de finanzas / Country: España / Publication name: La aplicación de flip-teaching en una asignatura de finanzas / Date: 2019/09/09
Flip-teaching: una herramienta de mejora en el área de Economía Financiera y Contabilidad
Bachiller, Patricia; Badía Fraile, Guillermo
Congress name: Flip-teaching: una herramienta de mejora en el área de Economía Financiera y Contabilidad / Country: España / Publication name: Flip-teaching: una herramienta de mejora en el área de Economía Financiera y Contabilidad / Start date: 2019/09/05 / End date: 2019/09/06
Are investments in material corporate social responsibly issues a key driver of financial performance?
Badía Fraile, Guillermo; GOMEZ-BEZARES PASCUAL, FERNANDO; Ferruz, Luis
Congress name: Are investments in material corporate social responsibly issues a key driver of financial performance? / Country: España / Publication name: Are investments in material corporate social responsibly issues a key driver of financial performance? / Start date: 2019/09/04 / End date: 2019/09/06
The performance of socially responsible stock portfolios: International evidence
Cortez, Maria Ceu; Badía Fraile, Guillermo; Ferruz, Luis
Congress name: The performance of socially responsible stock portfolios: International evidence / City: Braga / Country: Portugal / Web: https://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2019-Azores/2019%20meetings.php / Publication name: The performance of socially responsible stock portfolios: International evidence / Start date: 2019/06/26 / End date: 2019/06/29
La metodología flip-teaching en asignaturas de finanzas
Bachiller, Patricia; Badía Fraile, Guillermo
Congress name: La metodología flip-teaching en asignaturas de finanzas / Country: España / Publication name: La metodología flip-teaching en asignaturas de finanzas / Start date: 2019/05/30 / End date: 2019/05/31
International evidence on the performance of socially responsible stock portfolios
Badía Fraile, Guillermo; Cortez, Maria Ceu; Ferruz, Luis
Congress name: International evidence on the performance of socially responsible stock portfolios / Country: España / Web: https://27.finance-forum.es/announcement/phd-consortium/ / Publication name: International evidence on the performance of socially responsible stock portfolios / Date: 2019/05/10
Financial performance of government bond portfolios based on environment, social and governance (ESG) criteria
Badía Fraile, Guillermo
Congress name: Financial performance of government bond portfolios based on environment, social and governance (ESG) criteria / Country: España / Publication name: Financial performance of government bond portfolios based on environment, social and governance (ESG) criteria / Date: 2018/10/01
Financial performance of government bond portfolios based on environment, social and governance criteria
Badía Fraile, Guillermo; Pina, Vicente; Torres, Lourdes
Congress name: Financial performance of government bond portfolios based on environment, social and governance criteria / City: Lisboa / Country: Portugal / Publication name: Financial performance of government bond portfolios based on environment, social and governance criteria / Start date: 2018/09/20 / End date: 2018/09/21
An international market analysis of the performance of socially responsible stock portfolios
Badía Fraile, Guillermo; Ferruz, Luis; Cortez, Maria Ceu
Congress name: An international market analysis of the performance of socially responsible stock portfolios / Country: España / Publication name: An international market analysis of the performance of socially responsible stock portfolios / Start date: 2018/08/30 / End date: 2018/08/31
The performance of socially responsible stocks portfolios: An international market analysis under different market conditions
Badía Fraile, Guillermo; Ferruz, Luis; Cortez, Maria Ceu
Congress name: The performance of socially responsible stocks portfolios: An international market analysis under different market conditions / Country: España / Publication name: The performance of socially responsible stocks portfolios: An international market analysis under different market conditions / Date: 2018/04/19
The performance of socially responsible stock portfolios: An international market analysis throughout different market states.
Ferruz, Luis; Badía Fraile, Guillermo
Congress name: The performance of socially responsible stock portfolios: An international market analysis throughout different market states. / Country: España / Publication name: The performance of socially responsible stock portfolios: An international market analysis throughout different market states. / Date: 2017/12/11
Technological developments and SR retail investors' evidence
Badía Fraile, Guillermo; Ferruz, Luis
Congress name: Technological developments and SR retail investors' evidence / Country: España / Publication name: Technological developments and SR retail investors' evidence / Start date: 2017/11/16 / End date: 2017/11/17
SRI to retail investors in international stock markets and on different market states
Badía Fraile, Guillermo; Ferruz, Luis; Cortez, Maria Ceu
Congress name: SRI to retail investors in international stock markets and on different market states / Country: España / Publication name: SRI to retail investors in international stock markets and on different market states / Start date: 2017/09/27 / End date: 2017/09/29
UK stocks persistence from a numerical perspective
Badía Fraile, Guillermo; Navascués, María Antonia; Ferruz, Luis; Latorre, Mario; Sebastián, María Victoria
Congress name: UK stocks persistence from a numerical perspective / City: Lisboa / Country: Portugal / Publication name: UK stocks persistence from a numerical perspective / Start date: 2017/09/04 / End date: 2017/09/08
Test to analyse stock returns persistence
Badía Fraile, Guillermo; Ferruz, Luis
Congress name: Test to analyse stock returns persistence / City: Braga / Country: Portugal / Publication name: Test to analyse stock returns persistence / Date: 2017/03/17
Análisis de Persistencia en Compañías. El caso particular español
Ferruz, Luis; Badía Fraile, Guillermo
Congress name: Análisis de Persistencia en Compañías. El caso particular español / Country: España / Publication name: Análisis de Persistencia en Compañías. El caso particular español / Start date: 2016/09/01 / End date: 2016/09/02
Financial Assets Pricing Models, Money management tools?
Ferruz, Luis; Badía Fraile, Guillermo
Congress name: Financial Assets Pricing Models, Money management tools? / Country: España / Publication name: Financial Assets Pricing Models, Money management tools? / Date: 2015/05/21
Propuesta de un CAPM Sectorial para optimizar la toma de decisiones en Gestión de Carteras
Ferruz, Luis; Badía Fraile, Guillermo
Congress name: Propuesta de un CAPM Sectorial para optimizar la toma de decisiones en Gestión de Carteras / Country: España / Publication name: Propuesta de un CAPM Sectorial para optimizar la toma de decisiones en Gestión de Carteras / Start date: 2014/11/20 / End date: 2014/11/21
International Workshop on ESG Values
Badía Fraile, Guillermo
Abstract: GOBIERNO VASCO. DEPARTAMENTO DE EDUCACIÓN / Start date: 2023/06/15 / End date: 2023/06/16
Hub Financiero de Bizkaia
Larreina Diaz, Mikel; Aranberri Azkarraga, Ander; Badía Fraile, Guillermo; Barrado Arias, Isabel; Baselga Pascual, Laura; Calvo Sotomayor, Iñigo; Dorronsoro Artabe, Guillermo; Fernandez Perez, Cristina; Goicoechea Zulaica, Estibaliz; Gomez Sierra, Virginia; Larrinaga Ojanguren, Miguel Angel; Loban Acero, Lidia; Molinuevo Zaballa, Ane; Opazo Basaez, Marco Guillermo; Rica Aspiunza, Alvaro De La; Sánchez-Guardamino Lasheras, Santiago; Santibañez Gruber, Francisco Javier; Sasia Santos, Pedro Manuel; Sistiaga Oleaga, Nerea; Zabaleta Salterain, Aitzol
Abstract: Diputación Foral de Bizkaia / Start date: 2017/01/01 / End date: 2022/12/31
Referee for international academic journals such as: International Review of Financial Analysis, Applied Economics, Applied Financial Economics; European Journal of Management & Business Economics; Revista INNOVAR; International Journal of Applied Management Science; Applied Economics Letters; Sustainability; Book Series - Finance - Routledge.
Badía Fraile, Guillermo
Merit type: Mérito De Investigación / Start date: 2015/06/01 / End date: 2023/06/03
Sexenio de investigación campo 8 CC. Económicas y Empresariales - Evaluación POSITIVA por parte de la Comisión Nacional Evaluadora de la Actividad Investigadora (CNEAI) correspondiente al campo número 8 CC. Económicas y Empresariales para el tramo solicitado 2016-2021 (ambos inclusive).
Badía Fraile, Guillermo
Merit type: Mérito De Investigación / Start date: 2022/10/07 / End date: 2023/06/03
Member of the Eurosif - SRI Study Group from Eurosif - The European Sustainable Investment Forum.
Badía Fraile, Guillermo
Merit type: Mérito De Investigación / Start date: 2021/03/01 / End date: 2023/06/03
Acreditación ANECA como Profesor Contratado Doctor y Profesor de Universidad Privada.
Badía Fraile, Guillermo
Merit type: Mérito Académico / Start date: 2022/09/12 / End date: 2023/06/03
Grant (10.000e) from the Fundación Jesus de Gangoiti Barrera to fund the research project titled: ?Performance de las inversiones sostenibles: Una aproximación desde las finanzas del comportamiento? (Performance of sustainable investments: An approach from behavioral finance).
Badía Fraile, Guillermo
Merit type: Mérito De Investigación / Start date: 2023/01/01 / End date: 2023/12/31
Tribunal de Tesis Doctoral titulada: Essays on Understanding and Prevention of Undesirable Banking Risk Assum
Badía Fraile, Guillermo
Merit type: Mérito De Investigación / Date: 2022/06/13
Grant of the Diputación General de Aragón and FEDER for the recruitment of pre-doctoral research staff -G/17030/5423/440030/11101 (50%) and 17030/5423/440030/91101 (50%)-, December 2015 - September 2019.
Badía Fraile, Guillermo
Merit type: Mérito De Investigación / Start date: 2015/12/01 / End date: 2019/10/31
The study SRI to retail investors in international stock markets and on different market states elaborated by Badía, G., Ferruz, L., and Cortez, M., was awarded for its scientific quality and its contributions in the XIX AECA International Conference, 27th-29th September, 2017, Santiago de Compostela, Spain.
Badía Fraile, Guillermo; Ferruz, Luis; Cortez, Maria Ceu
Merit type: Mérito De Investigación / Start date: 2017/09/27 / End date: 2017/09/29
Grant of the Fundación-Ibercaja and Fundación-CAI for the accomplishment of the research stay abroad, Ref CH. 72/16, January 2017 ? April 2017.
Badía Fraile, Guillermo
Merit type: Mérito De Investigación / Start date: 2017/01/15 / End date: 2017/04/15