Marc
Badia

Professor of Accounting and Control

• Ph.D. in Business Administration (Accounting), Columbia University
• M.Phil. in Business Administration, Columbia University
• MBA, IESE Business School
• Bachelor's Degree in Business Management and Administration, ESADE

Marc Badia is professor in the department of Accounting and Control and Associate Dean for MBA and MiM programs at IESE Business School. He earned his Ph.D. in Financial Accounting with distinction from Columbia University (New York).

His research interests focus on fair value accounting and the use of financial statement analysis for equity valuation. He has carried out consulting projects related to business valuation and cost systems, and has also interned as financial analyst at a major investment bank in London. He accumulates over 12 years of experience in the management of educational non-for-profit institutions, both in Spain and in the United States. Currently, he is a member of the board of directors for a family business and for a hedge fund that invests in equities following quantitative trading strategies based on fundamentals.

Prof. Badia holds an MBA from IESE Business School, spending one semester at Kellogg School of Management (Northwestern University), and a Bachelors in Business from ESADE, majoring in Finance.

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Areas of interest.

• Fair value accounting
• Accounting-based business analysis and valuation
• International financial accounting (IFRS)
• Trading strategies based on fundamentals

Publications

Journal Articles (refereed)

BADIA, M., DURO, M., JORGENSEN, B. N., ORMAZABAL, G. (2021). Disclosure regulation and competitive interactions. Evidence form the oil and gas industry. The Accounting Review, 96 (5), 1-29. doi:10.2308/TAR-2018-0436. BADIA, M., DURO, M., PEÑALVA, F., RYAN, S. (2021). Debiasing the measurement of conditional conservatism. Journal of Accounting Research, 59 (4), 1221-1259. doi:10.1111/1475-679X.12366. BADIA, M., DURO, M., JORGENSEN, B. N., ORMAZABAL, G. (2020). The Informational Effects of Tightening Oil and Gas Disclosure Rules. Contemporary Accounting Research, 37 (3), 1720-1755. doi:10.1111/1911-3846.12572. BADIA, M., BARTH, M. E., DURO, M., ORMAZABAL, G. (2020). Firm Risk and Disclosures about Dispersion of Asset Values: Evidence from Oil and Gas Reserves. The Accounting Review, 95 (1), 1 - 29. doi:10.2308/accr-52445. BADIA, M., DURO, M., PEÑALVA, F., RYAN, S. (2017). Conditionally Conservative Fair Value Measurements. Journal of Accounting and Economics, 63 (1), 75 - 98. doi:10.1016/j.jacceco.2016.10.006.

Cases

BADIA, M., SERRA, C., NANCE, C. (2020). Investing in Special Situations: SEACOR Marine Holdings. IESE, C-798-E. VÁZQUEZ-DODERO F.,, BADIA, M. (2003). Presscut (A). IESE, ASN-29-E. VÁZQUEZ-DODERO F.,, BADIA, M. (2002). Presscut (A). IESE, ASN-29. VÁZQUEZ-DODERO F.,, BADIA, M. (2002). Presscut (B). IESE, ASN-30. VÁZQUEZ-DODERO F.,, BADIA, M. (2002). Presscut (C). IESE, ASN-31.

Technical Notes

PEÑALVA, F., BADIA, M., DURO, M. (2022). Financial Assets. IESE, CN-243-E. PEÑALVA, F., BADIA, M. (2016). Accounting for Inventories. IESE, CN-234-E. PEÑALVA, F., BADIA, M. (2016). Noncurrent Assets. IESE, CN-236-E. PEÑALVA, F., BADIA, M. (2016). Long-Term Debt and Bonds. IESE, CN-238-E. PEÑALVA, F., BADIA, M. (2016). Consolidación. IESE, CN-240.