Fernando Zapatero

Richard D. Cohen Professor in Finance

Selected Research Presentations

Zapatero, F. “Rolling the Skew Die: Economic Foundations of the Demand for Skewness and Experimental Evidence, Finance Forum, Universidad de la Laguna, Tenerife, Spain, 2024

Zapatero, F. Greener on the Other Side: Asset Prices in a Technological Transition, New Contributions in Climate Finance, ICADE, Madrid Spain, 2024

Zapatero, F. Asset Pricing Implications of Heterogeneous Investment Horizons, Northern Finance Association Meeting, 2023

Zapatero, F. No Max Pain, No Max Gain: Stock Return Predictability at Options Expiration, European Finance Association Meeting, 2023

Zapatero, F. Asset Pricing Implications of Heterogeneous Investment Horizons, Spanish Finance Forum, 2023

Zapatero, F. Rolling the Skew Die: Economic Foundations of the Demand for Skewness and Experimental Evidence, Climate Finance, ICADE (Madrid, Spain), 2023

Zapatero, F. Reference-Dependence and Skewness: The Two Sides of a Coin, ICADE (Madrid, Spain), 2023

Zapatero, F. Rolling the Skew Die: Economic Foundations of the Demand for Skewness and Experimental Evidence, Universidad de Palma de Mallorca (Spain), 2023

Zapatero, F. Rolling the Skew Die: Economic Foundations of the Demand for Skewness and Experimental Evidence, Toulouse Business School, 2023

Zapatero, F. Rolling the Skew Die: Economic Foundations of the Demand for Skewness and Experimental Evidence, ITAM (Mexico City, Mexico), 2023

Zapatero, F. Clinging onto the cliff: A model of financial misconduct, Finance Forum, 2022

Zapatero, F. Betting on the likelihood of a short squeeze, Midwest Finance Association, 2022

Zapatero, F. Betting on the likelihood of a short squeeze, Derivatives Conference, 2022

Zapatero, F. Disagreement, Information Quality and Asset Prices, Finance Forum, Online

Publications

Aristidou, A., Giga, A., Lee, S., Zapatero, F. (In Press). “aspirational utility and investment behavior”, Journal of Financial Economics

Sotes-Paladino, J., Zapatero, F. (In Press). “A Rationale for Benchmarking in Money Management”, SSRN Electronic Journal

Cvitanic, J., Zapatero, F., Wiener, Z. (In Press). “Analytic Pricing of Employee Stock Options”, SSRN Electronic Journal

Suh, S., Zapatero, F. (In Press). “A Class of Quadratic Options for Exchange Rate Stabilization”, SSRN Electronic Journal

Cadenillas, A., Sarkar, S., Zapatero, F. (In Press). “Optimal Dividend Policy with Mean-Reverting Cash Reservoir”, SSRN Electronic Journal

Cetin, C., Zapatero, F. (In Press). “Optimal Acquisition of a Partially Hedgeable House”, SSRN Electronic Journal

Xiouros, C., Zapatero, F. (In Press). “The Representative Agent of an Economy with External Habit-Formation and Heterogeneous Risk-Aversion”, SSRN Electronic Journal

Aristidou, A., Giga, A., Lee, S., Zapatero, F. (2025). “Aspirational utility and investment behavior”, Journal of Financial Economics, 163 103970-103970

Sotes-Paladino, J., Zapatero, F. (2022). “Carrot and stick: A role for benchmark-adjusted compensation in active fund management”, Journal of Financial Intermediation, 52 100981-100981

Belz, A., Terrile, R., Zapatero, F., Kawas, M., Giga, A. (2021). “Mapping the “Valley of Death”: Managing Selection and Technology Advancement in NASA’s Small Business Innovation Research Program”, IEEE Transactions on Engineering Management, 68 (5), 1476-1485

Belz, A., Zapatero, F. (2019). “Impact of Government Grants on Venture Capital Funding of Deep Technology University Spinoffs”,

Brocas, I., Carrillo, J., Giga, A., Zapatero, F. (2019). “Risk Aversion in a Dynamic Asset Allocation Experiment”, Journal of Financial and Quantitative Analysis, 54 (5), 2209-2232

Sotes-Paladino, J., Zapatero, F. (2019). “Riding the Bubble with Convex Incentives”, The Review of Financial Studies, 32 (4), 1416-1456

Gómez, J., Priestley, R., Zapatero, F. (2016). “Labor Income, Relative Wealth Concerns, and the Cross Section of Stock Returns”, Journal of Financial and Quantitative Analysis, 51 (4), 1111-1133

Cetin, C., Zapatero, F. (2015). “Optimal acquisition of a partially hedgeable house”, Mathematics and Financial Economics, 9 (2), 123-147

Cvitanic, J., Polimenis, V., Zapatero, F. (2007). “Optimal portfolio allocation with higher moments”, Annals of Finance, 4 (1), 1-28