Associate Professor of Accounting and Control

Grupo Santander Chair of Financial Institutions and Corporate Governance

• Ph.D. in Business, Stanford University
• Ph.D. in Construction Engineering, Universitat Politècnica de Catalunya
• Degree in Civil Engineering, Universitat Politècnica de Catalunya

Professor Gaizka Ormazábal received a PhD in Business from Stanford University, a PhD in Construction Engineering from Universitat Politècnica de Catalunya, and a Bachelor’s Degree in Civil Engineering (Ingeniería de Caminos, Canals y Puertos) from Universitat Politècnica de Catalunya. Prof. Ormazabal is the holder of IESE’s Grupo Santander Chair of Financial Institutions and Corporate Governance.

Professor Ormazábal’s research focuses on executive compensation and corporate governance. His work examines the choice and valuation implications of corporate governance mechanisms. His current research projects analyze managerial risk-taking incentives, corporate risk oversight, financial regulation, asset securitization, and the role of corporate governance intermediaries.

His research appears in leading academic journals including Journal of Financial Economics and The Accounting Review. His research has been featured in the popular media, including such outlets as the Wall Street Journal and the New York Times, and has been cited in final rulings by the U.S. Securities and Exchange Commission.

Due to the quality of his research on corporate governance, Gaizka Ormazábal has been appointed research member of the European Corporate Governance Institute (EGCI).

Areas of interest

* Executive compensation
* Corporate Governance
* Risk Management
* Securitization
* Applied econometrics