Guillermo Badía

Assistant Professor · Department of Accounting and Finance

University of Zaragoza

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Short Bio

Guillermo Badía is an Assistant Professor in the Department of Accounting and Finance at the University of Zaragoza. He holds a PhD in Financial Economics and Accounting from the University of Zaragoza, and his main research interests are asset pricing and portfolio management, with a focus on sustainable and behavioural finance.

He was the Principal Researcher of the Finance Research Group at the University of Deusto from 2020 to 2024 and has been a panel member of the European Sustainable Investment Forum (EUROSIF) since 2020. His research has been published in several journals including Accounting & Finance, Corporate Social Responsibility and Environmental Management, International Journal of Finance and Economics, and Economics Letters.

Guillermo has participated in various national and European research projects, acting as Principal Researcher in several of them. He has also played an active role in academic community building: in 2018, he co-founded and served as the first president of the Brown Bag Seminars at the University of Zaragoza. He was the founding president of the International Workshop on ESG Values (University of Deusto, 2022), a forum held every two years at different universities. He is committed to advancing finance through research and collaboration with industry.

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Awards & Distinctions

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Best Scientific Contribution Award – XIX AECA International Congress (2017).
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JGB Foundation Research Award (2022) for work on the financial implications of sustainable behavior.
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European Regional Development Fund (FEDER) Research Grant, among several other competitive research grants received.
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International Visits

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Hanken School of Economics
Helsinki, Finland
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Universidade do Minho
Braga, Portugal
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Selected Publications

2024
Economics Letters
Do investors benefit from investing in stocks of green bond issuers?
2022
Accounting & Finance
Are investments in material corporate social responsibility issues a key driver of financial performance?
2021
International Journal of Finance & Economics
The performance of social responsible investing from retail investors’ perspective: international evidence
2020
Corporate Social Responsibility and Environmental Management
Socially responsible investing worldwide: Do markets value corporate social responsibility?
2017
Applied Economics Letters
Adapting and testing the Fama and French model, with some variations of company characteristics