Sauder School of Business

Hernan  Ortiz-Molina

Hernan Ortiz-Molina
BS (Buenos Aires), MA (CEMA), PhD (Maryland)


Assistant Professor


Office:    Henry Angus 862
Phone:     +1-604-822-6095
Fax:    +1-604-822-4695
Email:    < hernan.ortiz-molina at sauder.ubc.ca >


University of British Columbia
Sauder School of Business
2053 Main Mall, Vancouver BC, V6T 1Z2




Curriculum Vitae


Personal Homepage


Research Interests
Corporate Finance and Governance, Executive Compensation, Interaction Between Real and Financial Decisions, Cross-Sectional Determinants of Stock Returns.


Selected Publications
Jason Chen, Marcin Kacperczyk, and Hernan Ortiz-Molina
Labor Unions, Operating Flexibility, and the Cost of Equity
Journal of Financial and Quantitative Analysis, forthcoming

Sandy Klasa, William F. Maxwell, and Hernan Ortiz-Molina
The Strategic Use of Corporate Cash Holdings in Collective Bargaining with Labor Unions
Journal of Financial Economics, forthcoming

M. Martin Boyer and Hernan Ortiz-Molina
Career Concerns of Top Executives, Managerial Ownership and CEO Succession
Corporate Governance: An International Review, 16, vol. 3, 2008, 178-193.

Kai Li, Hernan Ortiz-Molina, and Xinlei Zhao
Do Shareholder Rights Affect Institutional Investment Decisions? Evidence from Dual-Class Firms
Financial Management, Winter 2008, 713-745.

Hernan Ortiz-Molina
Executive Compensation and Capital Structure: The Effects of Convertible Debt and Straight Debt
Journal of Accounting and Economics, Vol. 43, 2007, 69-93.

Hernan Ortiz-Molina and Maria F. Penas
“Lending to Small Businesses: The Role of Loan Maturity in Addressing Information Problems”
Small Business Economics, 30, vol. 4, 361-383.

Hernan Ortiz-Molina
Top-Management Incentives and the Pricing of Corporate Public Debt
Journal of Financial and Quantitative Analysis, Vol. 41, 2006, 317-340.


Working Papers
Jason Chen, Hernan Ortiz-Molina, and Stacey Zhang
“Idiosyncratic Risk and Stock Market Returns: Strong Predictability at the Daily Frequency” (2009)

Hernan Ortiz-Molina and Gordon Phillips
Asset Liquidity and Cost of Capital” (2009)

Jason Chen, Marcin Kacperczyk, and Hernan Ortiz-Molina
Do Non-financial Stakeholders Affect Agency Costs of Debt? Evidence from Unionized Workers” (2007)


Awards, Recognitions, and Relations
2007 - Winner of the Best Paper Award in Valuation at the Northern Finance Association Meetings 2007.

2006 - Winner of the William F. Sharpe Award for the best paper published in the JFQA during the year 2006.




 
 
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