Rahnema Alavi

Professor of Financial Management

Fuel Freedom Chair for Energy and Social Development

  Ph.D. in Management, IESE Business School, University of Navarra
  Master of Business Administration, Western Michigan University

Ahmad Rahnema is professor and holder of the Fuel Freedom Chair for Energy and Social Development at IESE.

Prof. Rahnema has previously lectured at AB Freeman School of Business, Tulane (New Orleans, USA), Istituto di Studi per la Direzione e Gestione di Impresa (Naples, Italy), Universitätsseminar der Wirtschaft, Schloss Gracht (Erftstadt, Germany), CEDEP (Fontainebleau, France), IPADE (Universidad Panamericano, México), IAE (Universidad Austral, Argentina), AESE (Lisbon, Portugal), Universidade Nova de Lisboa (Portugal), IEEM (Universidad de Montevideo, Uruguay), IDE (Quito, Ecuador), Universidad Adolfo Ibañez (Viña del Mar, Chile) and Instituto Internacional San Telmo (Seville, Spain).

He is co-editor of the International Journal of Finance Education, a member of the editorial board of the journal Harvard Deusto: Business Review and the president of The Spanish Financial Forum of London (UK).

Ahmad Rahnema has authored and co-authored several books. Recent examples include Finanzas Internacionales, 2006, and Basilea II, Una nueva forma de relación Banca-Empresa (with IESE Professor Jordi Soley), 2004.

His articles have been published in specialized journals as well as general and business publications. Among others, one can mention “Nokia´s Growing Cash Mountain,” published in the International Journal of Finance Education in January 2005, and “Basilea II: Una nueva forma de relación banca-empresa” (Basel II: A New Bank-Company Relationship) which appeared in Finanzas & Contabilidad in April 2005.

Prof. Rahnema has worked on a variety of consulting assignments for a number of leading Spanish and international companies. His research has mainly dealt with international finance, risk management and means of payment.

Areas of interest

* Financial risk management
* Global financial institutions
* Corporate finance


Journal Articles (refereed)

JONSDOTTIR, G. E., SIGURJONSSON, T. O., RAHNEMA ALAVI, A., MITCHELL, J. (2021). Applying Responsible Ownership to Advance SDGs and the ESG Framework, Resulting in the Issuance of Green Bonds. Sustainability, 13 (13). doi:10.3390/su13137331.
RAHNEMA ALAVI, A. (2005). Nokia's Growing Cash Mountain. International Journal of Finance Education, 1 (1), 113 - 124.

Working Papers

GIORDANO, P., ASSOGBA, M., RAHNEMA ALAVI, A. (2018). Fueling the Change: The Journey From Biomass to Modern Source. Situation and perspectives of cooking fuels in Côte d'Ivoire (WP-1207-E). Barcelona: IESE.
GIORDANO, P., ASSOGBA, M., RAHNEMA ALAVI, A. (2018). Accelerating the Green Revolution in Cote d'Ivoire: Fertilizers Against Undernourishment and Deforestation (WP-1204-E). Barcelona: IESE.
PELIZAN PAVLAK, L., SEDJI, S.-I. H., RAHNEMA ALAVI, A. (2018). Powering Côte d'Ivoire. Understanding The Landscape And Exploring Possibilities For Investment (WP-1205-E). Barcelona: IESE.
RAHNEMA ALAVI, A., SANCHEZ, F., SEDJI, S.-I. (2018). Fuel Industry for Road Transportation in Côte D'ivoire (WP-1206-E). Barcelona: IESE.
RAHNEMA ALAVI, A., SANCHEZ, F., KERUBO, L. (2017). Powering Kenya: Understanding the Landscape and Exploring Possibilities for Investments (WP-1180-E). Barcelona: IESE.

Articles in other publications

ZAMORA, J., RAHNEMA ALAVI, A., TATARINOV, K. (2014). Bitcoin: el impacto de la nueva moneda virtual. Harvard Deusto Business Review (240), pp. 72 - 82.
RAHNEMA ALAVI, A., SOLEY, J., CUTILLAS, S. (2011). Una inyección de estabilidad para el sistema bancario. Harvard Deusto Finanzas y Contabilidad (99), pp. 44 - 53.
RAHNEMA ALAVI, A. (2010). Europe: Riding out of recession. The future of electronic payments - our relationship with money. Has our relationship with money and spending changed?, pp. 31 - 34.
RAHNEMA ALAVI, A., SOLEY, J. (2006). Implantación de un sistema de gestión integral del riesgo operacional en las entidades financieras. Estrategia Financiera (224), pp. 30 - 40.
RAHNEMA ALAVI, A., HUGUET, I. (2005). El plan de expansión de DOGI en Asia. Estrategia Financiera (220), pp. 20 - 27.


SOLEY, J., RAHNEMA ALAVI, A. (2008). Basilea II. una nueva forma de relación banca-empresa. Aravaca: McGraw-Hill Interamericana de España.
RAHNEMA ALAVI, A. (2006). Finanzas internacionales. Barcelona: Gestión 2000.
FAUS, J., RAHNEMA ALAVI, A. (1997). Cómo interpretar la prensa económica y financiera. Barcelona: Ediciones Deusto.

Book Chapters

RAHNEMA ALAVI, A., SIMON, J., SEAGER, P. (2017). Corporate and Entrepreneurial Finance: Moving Your Business from Back of the Envelope to Front of the Class. In Mike Rosenberg and Philip H. Seager (Ed.), Managing Media Businesses: A Game Plan to Navigate Disruption and Uncertainty (pp. 183 - 204).
RAHNEMA ALAVI, A. (2008). Estrategia financiera internacional. En Francisco J. Garrido (Ed.), Lo que se aprende en los mejores MBA (pp. 177 - 209). Barcelona: Gestión 2000.
RAHNEMA ALAVI, A., SUÁREZ, J. L. (1997). El análisis de la inversión directa en el extranjero. En A. Argandoña [et al.] (Ed.), Crecimiento e inversión (pp. 57 - 80). Barcelona: Ediciones Folio.
RAHNEMA ALAVI, A. (1997). Gestión de riesgos de tipos de cambio. En P. Videla, A. Pastor, A. Rahnema (Eds.), Mercados financieros internacionales (pp. 72 - 91). Barcelona: Ediciones Folio.
MARTÍNEZ ABASCAL, E., RAHNEMA ALAVI, A. (1995). Repsol, S.A. In Paul Stonham, Keith Redhead (Eds.), European casebook on finance (pp. 50 - 76). Harlow, England: Prentice Hall.


MATEACHE, P., GARCÍA-RAMOS, M., RAHNEMA ALAVI, A., SOLEY, J. (2012). Las oficinas bancarias y el proceso de reestructuración en marcha. Cerrar oficinas es inevitable, pero no debería ser la primera decisión.
RAHNEMA ALAVI, A. (2006). El sector de las tarjetas de pago en España.
RAHNEMA ALAVI, A., LIECHTENSTEIN, H., MUECK, F. (2005). Cómo prevenir la crisis en las pequeñas y medianas empresas en Cataluña.


MUNGAI, E., RAHNEMA ALAVI, A. (2018). Public Private Policy Change Engagement: Consumer Choice Limited. IESE, E-189-E.
BEAUDRY, M., RAHNEMA ALAVI, A. (2017). Israel Electric Corporation: Pursuing Cleaner Energy. IESE, F-928-E.
MITCHELL, J., RAHNEMA ALAVI, A. (2017). Abengoa SA: The Unveiling or Unraveling of a Bold New Strategy? IESE, F-929-E.
GIORDANO, P., SANCHEZ, F., RAHNEMA ALAVI, A. (2017). God is Brazilian: Turning Alcohol into Fuel. IESE, SM-1654-E.
RAHNEMA ALAVI, A. (2016). WindPro, S.A.. IESE, F-923.

Technical Notes

SOLEY, J., RAHNEMA ALAVI, A., CUTILLAS, S. (2012). Basel III. Toward a new financial architecture. IESE, FN-583-E.
SOLEY, J., RAHNEMA ALAVI, A., CUTILLAS, S. (2011). Basilea III. Hacia una nueva arquitectura financiera. IESE, FN-583.
SUSAETA ERBURU, L., RAHNEMA ALAVI, A. (2006). El microcrédito y las instituciones microfinancieras. IESE, FN-540.
SOLEY, J., RAHNEMA ALAVI, A. (2005). Basel II: Operational Risk in Financial Institutions. IESE, FN-537-E.
SOLEY, J., RAHNEMA ALAVI, A. (2005). Basilea II. El riesgo operacional en las entidades financieras. IESE, FN-537.