Miguel Serrano

Assistant Professor · Department of Accounting and Finance

University of Zaragoza

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Short Bio

Miguel Serrano is an Assistant Professor in the Department of Accounting and Finance at the University of Zaragoza. He received his doctorate from the University of Zaragoza in 2017 after defending the thesis “Three essays about mutual fund and manager behaviour”. He has been a visiting researcher at the University of Minho (Portugal).

His research focuses on mutual funds and manager behaviour. He has analyzed the financial implications of manager replacement in Spanish equity mutual funds, examined the implications of risk shifting to mutual fund investors through monthly portfolio holdings, developed a manager efficiency index accounting for manager specialization, and analyzed the impact of management company structure on divergence among mutual funds. His research has also examined the reversal of divergent trading decisions and the diffusion of information within fund families. His work has been published in Finance Research Letters, European Journal of Operational Research, International Review of Economics and Finance, Research in International Business and Finance, and European Financial Management, among others.

He has participated in several projects funded by the Spanish Ministry of Science and Innovation, the Government of Aragón, the University of Zaragoza, and the Ibercaja Foundation. He has also served on the scientific committee of the Workshop for Young Researchers in Business and Economics and on the organizing committees of the International Conference on Investment Analysis and Portfolio Management (ICIAPM) and the Nordic-Iberian Doctoral Workshop on Business Economics.

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Selected Publications

2026
European Financial Management
Decoding Information Flow in Fund Families: Evolution, Drivers and Impacts
2025
Research in International Business and Finance
Reversal of divergent decisions: Wise or hasty decisions?
2023
Finance Research Letters
Family competition via divergence in the trading of funds
2019
European Journal of Operational Research
Efficiency of mutual fund managers: A slacks-based manager efficiency index
2019
International Review of Economics & Finance
Risk shifting consequences depending on manager characteristics
2015
Applied Economics
Implications of manager replacement: evidence from the Spanish mutual fund industry