Luis Vicente

Associate Professor · Department of Accounting and Finance

University of Zaragoza

★ Co-Principal Researcher, Ciber
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Short Bio

Luis Vicente is an Associate Professor in the Accounting and Finance Department and an associate researcher at the Institute on Employment, Digital Society and Sustainability (IEDIS) at the University of Zaragoza. He served as director of the PhD Program in Accounting and Finance from 2019 to 2023 and currently serves as co-Principal Researcher of Ciber. He is also a member of the Behavioural Finance Working Group (BFWG) in the UK.

His PhD dissertation on Spanish mutual funds received the Social Sciences PhD Award from the University of Zaragoza in 2004. His main research area of interest includes portfolio management and behavioural finance. Luis Vicente obtained the Research Award (Accésit) from the Spanish Institute of Financial Analysts in 2015 and the Best Paper Award at the 10th PFN Conference (Lisbon, 2018) sponsored by Eurosystem-Banco de Portugal.

Luis Vicente has supervised three PhD theses and has been part of the scientific committees of international meetings organized by EFMA and the Spanish Finance Association (AEFIN), among others. He has led three R&D projects with Spanish institutions and is a member of the editorial board of The European Journal of Finance.

In addition to his research, he has supervised and participated in several projects for excellence in teaching. Luis Vicente is a member of GEDUFIN – Financial Education Teaching Innovation Group affiliated with the Center for Innovation, Training, and Research in Education Sciences (CIFICE) at the University of Zaragoza. In 2020, he was nominated for the «Best Teacher in Spain-University» Award (Educa Abanca).

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Awards & Distinctions

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Social Sciences PhD Award – University of Zaragoza (2004). Awarded for his dissertation on Spanish mutual funds.
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Research Award (Accésit) – Spanish Institute of Financial Analysts (2015).
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Best Paper Award – 10th PFN Conference, Lisbon (2018), sponsored by Eurosystem-Banco de Portugal.
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Nomination, Best Teacher in Spain-University – Educa Abanca Award (2020).
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International Visits

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ESSEC Business School
Paris, France
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University of Maastricht
Maastricht, Netherlands
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University of Minho
Braga, Portugal
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University Carlos III
Madrid, Spain
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ESSCA School of Management
Paris, France
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University of Rostock
Rostock, Germany
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University of Warsaw
Warsaw, Poland
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Selected Publications

2026
Journal of the Operational Research Society
Mutual fund tournaments: a network DEA model using interim rankings to forecast risk-taking and fund inflows
2020
International Review of Financial Analysis
Eurozone regulation bias in the active share measure
2019
European Journal of Operational Research
Efficiency of mutual fund managers: A slacks-based manager efficiency index
2017
Omega – The International Journal of Management Science
The efficiency of mutual fund companies: evidence from an innovative network SBM approach
2012
Journal of Banking and Finance
Portfolios in disguise? Window dressing in bond fund holdings