bio
I am Associate Professor of Finance at the University of Valladolid. I began my academic career with my PhD dissertation, supervised by Professor Valentín Azofra, on the application of the real options approach to direct foreign investments in the automotive industry. My work since then has focused on both the theoretical and empirical development of the real options approach and its application to corporate valuation and strategy management. I have supervised several PhD dissertations on real options, valuation and corporate diversification. I have been the coordinator of the PhD Programme in Business Management at the University of Valladolid since 2013. I have participated in numerous research projects funded in regional and national competitive calls (two of which I have headed). I was President of the Real Options Symposium held in Valladolid in 2010, and I have been a member of the scientific committee of the Finance Forum since 2015. I have also served as associate editor for BRQ-Business Research Quarterly and I am a referee for over a dozen journals, including the Global Strategy Journal, Global Policy, Quarterly Journal of Economics and Finance, Qualitative Research in Financial Markets, International Review of Economics and Finance, Spanish Journal of Finance and Accounting, Universia Business Review, Applied Economics, and Applied Financial Economics.
Publications
De la Horra, L.P., Fuente, G. & Perote, J. (2019). The drivers of Bitcoin demand: A short and long-run analysis. International Review of Financial Analysis 62(2): 21-34. DOI: 10.1016/j.irfa.2019.01.006.
Andrés, P., Fuente, G. & Velasco, P. (2017). Does it really matter how a firm diversifies? Assets-in-place diversification versus growth options diversification. Journal of Corporate Finance, 43, pp. 316-339. DOI: 10.1016/j.jcorpfin.2017.01.011.
Andrés, P., Fuente, G. & San Martin, P. (2015). Capital Budgeting Practices in Spain, BRQ Business Research Quarterly 18(1): 37-56. DOI: 10.1016/j.brq.2014.08.002.
Estrada, I., Fuente, G. & Martín, N.T. (2010). Technological joint venture formation under the real options approach, Research Policy, 39(9): 1185-1197. DOI: 10.1016/j.respol.2010.05.015.
Alonso, S., Azofra, V. Fuente, G. (2009). Real Option Value and Random Jumps: Application of a Simulation Model. Applied Economics 41: 2977-2989. DOI: 10.1080/00036840701335603.
Andrés, P., Azofra, V., & Fuente, G. (2006). The real options component of firm market value: The case of the technological corporation. Journal of Business Finance and Accounting 33(1-2): 203-219. DOI: 10.1111/j.0306-686x.2005.00654.
