![\"\"](\"https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/03\/perfil-kurt-desender.png\")
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\t\t\t\t\t\t\t\t\t\tEmail: kdesende@emp.uc3m.es
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\t\t\t\t\t\t\t\t\t\tAddress \/ Office: C\/ Madrid, 126 – 28903 Getafe (Madrid) Spain \/ 6.0.17\n\t\t\t\t\t\t\t\t\t<\/li>\n
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\t\t\t\t \n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n Kurt holds a doctorate in Business Economics from the Autonomous University of Barcelona. He has a master’s degree in Economics, Management and Business Organization from the Autonomous University of Barcelona and a degree in Business Administration and Management from the Catholic University of Leuven. <\/p>\n His research interests focus on corporate governance, business management, CSR, and financial accounting.<\/p>\n Aguilera, R. V., Desender, K., LopezPuertas-Lamy, M. “From Universal Owners to Owners of the Universe? How the Big Three Are Reshaping Corporate Governance <\/a>“, Corporate Governance: An International Review (forthcoming)<\/p>\n Desender, K., & Epure, M. (2021). \u201cThe pressure behind corporate social performance: Ownership and institutional configurations<\/a>\u201d. Global Strategy Journal, 11(2), 210\u2013244. Surroca, J., Aguilera. R., Desender, K. & Trib\u00f3, J.A.: ” Is managerial entrenchment always bad and corporate social responsibility always good? A cross\u2010national examination of their combined influence on shareholder value <\/a>\u201d, Strategic Management Journal 41,<\/a> 891-920<\/p>\n Desender, K., L\u00f3pez-Puertas-Lamy, M., Pattitoni, P., Petracci, B.: \u201cCorporate Social Responsibility and Cost of Financing \u2013 the Importance of the International Corporate Governance System<\/a>\u201d, Corporate Governance: An International Review 28, 207-234<\/p>\n Aguilera, R. V., Desender, K., LopezPuertas-Lamy, M., Lee, J.H.: \u201cThe governance impact of a changing investor landscape<\/a>\u201d, Journal of International Business Studies vol. 48 (2), 2017, 195\u2013221.<\/p>\n Desender, K., Aguilera, R. V., LopezPuertas-Lamy, M, Crespi-Cladera, R.: \u201cA Clash of Governance Logics: Foreign Ownership and Board Monitoring<\/a>\u201d, Strategic Management Journal vol. 37 (2), 2016, 349\u2013369.<\/p>\n Desender, K., Aguilera, R. V., Crespi-Cladera, R., Garcia Cestona, M.A.: “When Does Ownership Matter? Board Characteristics and Behavior <\/a>“, Strategic Management Journal vol. 34 (7), 2013, 823\u2013842.<\/p>\n \t\t\t\t\t\t\t\t\tBiograf\u00eda<\/p>\n Aguilera, R. V., Desender, K., LopezPuertas-Lamy, M. “From Universal Owners to Owners of the Universe? How the Big Three Are Reshaping Corporate Governance <\/a>“, Corporate Governance: An International Review (forthcoming)<\/p>\n Desender, K., & Epure, M. (2021). \u201cThe pressure behind corporate social performance: Ownership and institutional configurations<\/a>\u201d. Global Strategy Journal, 11(2), 210\u2013244. <\/p>\n Surroca, J., Aguilera. R., Desender, K. & Trib\u00f3, J.A.: ” Is managerial entrenchment always bad and corporate social responsibility always good? A cross\u2010national examination of their combined influence on shareholder value <\/a>\u201d, Strategic Management Journal 41,<\/a> 891-920<\/p>\n Desender, K., L\u00f3pez-Puertas-Lamy, M., Pattitoni, P., Petracci, B.: \u201cCorporate Social Responsibility and Cost of Financing \u2013 the Importance of the International Corporate Governance System<\/a>\u201d, Corporate Governance: An International Review 28, 207-234<\/p>\n L\u00f3pez-Puertas-Lamy, M., Desender, K., Epure, M.: \u201cCorporate Social Responsibility and the Assessment by Auditors of the Risk of Material Misstatement\u201d, Journal of Business Finance & Accounting vol. 44 (9-10), 2017, 1276\u20131314.<\/p>\n Aguilera, R. V., Desender, K., LopezPuertas-Lamy, M., Lee, J.H.: \u201cThe governance impact of a changing investor landscape\u201d, Journal of International Business Studies vol. 48 (2), 2017, 195\u2013221.<\/p>\n Desender, K., Aguilera, R. V., LopezPuertas-Lamy, M, Crespi-Cladera, R.: \u201cA Clash of Governance Logics: Foreign Ownership and Board Monitoring\u201d, Strategic Management Journal vol. 37 (2), 2016, 349\u2013369.<\/p>\n Aguilera, R., Desender, K., Bednar, M., Lee, J.: \u201cConnecting the Dots: Bringing External Corporate Governance into the Corporate Governance Puzzle\u201d, Academy of Management Annals vol. 9 (1), 2015, 483-573.<\/p>\n Aguilera R. V, Desender, K.: \u201cGobierno Corporativo: Mapa Actual y Nuevas Tendencias\u201d, Informe Situaci\u00f3n Social de Espa\u00f1a 2015, Cap\u00edtulo 8 (2015). <\/p>\n Desender, K., Aguilera, R. V., Crespi-Cladera, R., Garcia Cestona, M.A.: \u201cWhen Does Ownership Matter? Board Characteristics and Behavior\u201d, Strategic Management Journal vol. 34 (7), 2013, 823\u2013842.<\/p>\n Aguilera R. V, Desender, K.: \u201cMethodological challenges in comparative corporate governance and strategic issues\u201d in Wang CL, Ketchen D, Bergh D. (ed.) Research Methodology in Strategy and Desender, K., Castro, E., Escamilla de Le\u00f3n, S.: \u201cEarnings Management and Culture\u201d, The American Journal of Economics and Sociology vol. 70 (3), 2011, 639-670.<\/p>\n Aguilera R. V, Desender K, Kabbach de Castro L.: \u201cA Configurational Perspective on Comparative Corporate Governanc\u201d in SAGE Handbook of Corporate Governance, Sage Publications (2011). <\/p>\n Desender K.: \u201cThe influence of the board composition on enterprise risk management\u201d in Handbook of Research on Enterprise IT Governance, Business Value and Performance Measurement, IGI Global (2010). <\/p>\n \t\t\t\t\t\t\t\t\tPublications<\/p>\n Pe\u00f1a, J.I , Mayoral, S. and Rodr\u00edguez, R. \u201cHedging renewable power purchase agreements<\/a>\u201d,Energy Strategy Reviews<\/b>, 55, 2024<\/p>\n Pe\u00f1a, J.I , Mayoral, S. and Rodr\u00edguez, R. \u201cCannibalization, depredation, and market remuneration of power plants<\/a>\u201d, Energy Policy<\/b>, 2022<\/p>\n Pe\u00f1a, J.I and Rodr\u00edguez, R. ” Market Makers and Liquidity Premium in Electricity Futures Markets <\/a>(2022). The energy Journal<\/b>, 43 (2) <\/p>\n Pe\u00f1a, J.I & Mayoral, S. and Rodr\u00edguez, R. \u201cTail Risk of Electricity Futures<\/a>\u201d , Energy Economics<\/b>, 2020 <\/p>\n Pe\u00f1a, J.I and Rodr\u00edguez, R. “Are EU\u2019s Climate and Energy Package 20-20-20 targets achievable and compatible? Evidence from the impact of renewables on electricity prices <\/a>” Energy<\/b>, 183, pages 477-486 , 2019, <\/p>\n Rodr\u00edguez, R. and Pe\u00f1a, J.I.: \u201cDefault supply auctions in electricity markets: Challenges and proposals\u201d, Energy Policy <\/i><\/b>vol. 122, Noviembre 2018, 142-151<\/p>\n Rodr\u00edguez, R., Moreno J.D. & Zambrana, R.: \u201cManagement Sub-Advising in the Mutual Fund Industry\u201d, Journal of Financial <\/i><\/b>Economics<\/i><\/b>, <\/i>vol. 127 (3), Marzo 2018, 567-587<\/p>\n Pe\u00f1a, J.I and Blanco Ivan and Rodr\u00edguez, R. \u201cModelling Electricity Swaps with Stochastic Forward Premium Models\u201d ( 2018), The Energy Journal<\/i><\/b>, vol. 39 (2) <\/p>\n Rodr\u00edguez, R. & Pe\u00f1a, I.: “Time-Zero Efficiency of European Power Derivatives Markets\u201d, Energy Policy <\/i><\/b>vol. 95, August 2016, 253-268 <\/p>\n Rodr\u00edguez, R. & Rubio, G.: \u201cTeaching Quality and Academic Research\u201d, International Review of Economics Education<\/i><\/b> vol. 23, Septiembre 2016, 10-27 <\/p>\n Rodr\u00edguez, R, Moreno, J.D. & Malag\u00f3n, J.: \u201cThe Idiosyncratic Volatility Anomaly: Corporate Investment or Investor Mispricing?\u201d, Journal of Banking and Finance <\/i><\/b>vol. 60, Noviembre 2015, 224-238<\/p>\n Rodr\u00edguez, R. & Nieto, B.: \u201cCorporate stock and bond return correlations and dynamic adjustments of capital structure\u201d, Journal of Business Finance and Accounting<\/i><\/b> vol. 42 (5-6), <\/a>Junio-Julio 2015, 705\u2013746 Rodr\u00edguez, R., Moreno, J.D. & Matall\u00edn-S\u00e1ez, J.C.: \u201cWhy is timing perverse?\u201d, The European Journal of Finance, <\/i><\/b>vol. 21, 2015, 1334-1356<\/p>\n Rodr\u00edguez, R., Moreno, J.D. & Malag\u00f3n, J.: \u201cTime horizon trading and the idiosyncratic risk puzzle\u201d, Quantitative Finance<\/i><\/b>, vol. 15 (2), 2015, 327-343<\/p>\n Rodr\u00edguez, R., Moreno, J.D. & C\u00e1ceres, E.: \u201cA study on short-selling constraints: total ban versus partial ban\u201d, Applied Economics Letters<\/i><\/b> vol. 22 (2), 2015, 99-103<\/p>\n Rodr\u00edguez, R., Moreno, J.D. & Wang, C.:\u201cAccurately Measuring Gold Mutual Fund Performance\u201d, Applied Economics Letters,<\/i><\/b> vol. 21 (4), 2014, 268-271<\/p>\n Rodr\u00edguez, R.& Moreno, J.D.: \u201cOptimal Diversification across Mutual Funds\u201d, Applied Financial Economics <\/i><\/b>vol. 23 (2), 2013, 199-203<\/p>\n Rodr\u00edguez, R. & Moreno, J.D.: \u201cThe value of coskewness in mutual fund performance evaluation\u201d, Journal of Banking & Finan<\/i><\/b>ce<\/i><\/b> vol. 33, 2009, 1664\u20131676<\/p>\n Rodr\u00edguez, R. & Pe\u00f1a, I.: “On the economic link between asset prices and real activity\u201d, Journal of Business Finance and Accounting <\/i><\/b>vol. 34 (5-6), Junio-Julio 2007, 889-916<\/p>\n Rodr\u00edguez, R. & Nieto, B.: \u201cThe consumption-wealth and Book-to Market ratios Rodr\u00edguez, R. & Moreno, J.D.: \u201cPerformance Evaluation considering the Coskewness: A Stochastic Discount Factor Framework\u201d, Managerial Finance <\/i><\/b>vol. 32 (4), 2006, 375-392<\/p>\n Rodr\u00edguez, R. & Restoy, F.: “Can Fundamentals Rodr\u00edguez, R. & Nieto, B.: \u201cLos Rodr\u00edguez, R., Restoy, F. & Oe\u00f1a, I.: \u201cCan Output Explain the \t\t\t\t\t\t\t\t\t\tEmail: kdesende@emp.uc3m.es \t\t\t\t\t\t\t\t\t\tAddress \/ Office: C\/ Madrid, 126 – 28903 Getafe (Madrid) Spain \/ 6.0.17\n\t\t\t\t\t\t\t\t\t<\/li>\n \t\t\t\t\t\t\t\t\t\tPhone \/ Fax: (34) 91 624 58 44\n\t\t\t\t\t\t\t\t\t<\/li>\n \t\t\t\t\t\t\t\t\t\tGoogle Scholar \t\t\t\t\t\t\t\t\t\tCV \t\t\t\t \n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n","protected":false},"author":1,"template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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\n\t\t\t\t\t\t\tBUSINESS UC3M\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t<\/h3>\nEducation<\/h2>\n
Research Interests<\/h2>\n
Selected Publications<\/h2>\n
Management, Emerald Group Publishing Limited (2012).<\/p>\n
<\/em><\/p>\n
in a Dynamic asset-pricing context\u201d, Spanish
Economic Review<\/i><\/b> vol. 9, 2006<\/p>\n
Explain Cross-Country Correlations of Asset Returns? \u201d, Review of World Economics<\/i><\/b>, vol. 142 (3), 2006 <\/p>\n
Modelos de Valoraci\u00f3n de Activos Condicionales: un Panorama Comparativo
Ilustrado con Datos Espa\u00f1oles\u201d (2005) Investigaciones Econ\u00f3micas<\/i><\/b>, vol. 29 (1), 2004<\/p>\n
Predictability and Volatility of Stock Returns?\u201d, Journal of International Money and Finance <\/i><\/b>vol. 21 (2), Abril 2002, 163-182<\/p>\n\n
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