Miguel
Antón

Associate Professor of Financial Management

• Ph.D. in Finance, The London School of Economics and Political Science
• MSc. in Economics and Finance, CEMFI
• Bachelor’s Degree and M.A. in Finance and Economics, Universidad de Navarra

Miguel Antón is Associate Professor in the Department of Financial Management at IESE Business School. He received his undergraduate and master’s degrees in economics from the University of Navarra. He holds an MSc in finance and economics from CEMFI, a research institution created by the Bank of Spain. He received his Ph.D. degree in finance from The London School of Economics, and is currently a research affiliate of the Financial Markets Group.

Prof. Antón received the Award of the Best Student in the Bachelor’s Degree at the Universidad de Navarra, and the Graduate Teaching Assistant Price in the Department of Finance at the LSE. He was invited to participate with a full scholarship at the Yale Summer School in Behavioral Finance. He is a former Fundación Ramón Areces and Asociación de Amigos de la Universidad de Navarra scholar.

Prof. Antón’s principal areas of academic and research activity include empirical asset pricing, the impact of institutional trading in asset prices, mutual fund performance, contagion in credit markets, and determinants of systemic risk.

Prof. Antón has been a visiting fellow at Harvard University, and has presented at international conferences such as the Western Finance Association meetings, the Whitebox Student Conference in Yale University, the Finance Forum in Spain, and the Royal Economic Society Ph.D. Conference in London. He has also given seminars in more than a dozen institutions, including Harvard Business School, the Federal Reserve Bank of New York, the Rotman School of Management in Toronto, HEC Paris, Instituto de Empresa in Madrid, Universidade Nova de Lisboa, and others. He is also a research consultant to private institutions. Prior to his academic career, Prof. Antón worked for The Bank of New York, and for BBVA in the research department.

Areas of interest

* Empirical Asset Pricing
* Behavioral Finance
* Mutual Funds
* Credit Markets
* Systemic Risk

Publications

Journal Articles (refereed)

ANTÓN, M., XIANRAN LIN, L. (2020). The Mutual Friend: Dual Holder Monitoring and Firm Investment Efficiency. The Review of Corporate Finance Studies, 9 (1), 81 - 115. doi:10.1093/rcfs/cfz010.
ANTÓN, M. (2018). Dealing with dealers: Sovereign CDS comovements. Journal of Banking & Finance, 90, 96 - 112. doi:10.1016/j.jbankfin.2018.03.004.
ANTÓN, M., POLK, C. (2014). Connected Stocks. Journal of Finance, 69 (3), 1099 - 1127. doi:10.1111/jofi.12149.
LÓPEZ ESPINOSA, G., RUBIA, A., VALDERRAMA, L., ANTÓN, M. (2013). Good for One, Bad for All. Determinants of Individual Versus Systemic Risk. Journal of Financial Stability, 9 (3), 287 - 299. doi:10.1016/j.jfs.2013.05.002.

Working Papers

ANTÓN, M., XIANRAN LIN, L. (2019). The Mutual Friend: Dual Holder Monitoring and Firm Investment Efficiency (WP-1218-E).
ANTÓN, M., AZAR, J., GINÉ, M., XIANRAN LIN, L. (2019). Acquisitions, Common Ownership, and the Cournot Merger Paradox (WP-1219-E).
ANTÓN, M., EDERER, F., GINÉ, M., SCHMALZ, M. C. (2018). Innovation: The Bright Side of Common Ownership? (WP-1217-E).
ANTÓN, M., EDERER, F., GINÉ, M., SCHMALZ, M. C. (2016). Common Ownership, Competition, and Top Management Incentives (WP-1150-E).
ANTÓN, M., MAYORDOMO, S., RODRÍGUEZ-MORENO, M. (2013). Dealing with Dealers: Sovereign CDS Comovements in Europe (WP-1090-E).

Articles in other publications

ANTÓN, M., AZAR, J., GINÉ, M., LIN, L. X. (2019). Does Common Ownership Increase Incentives for Mergers and Acquisitions? Competition Policy International, 2 (2).
GINÉ, M., ANTÓN, M. (2018). El impacto del 'big data', la inteligencia artificial y el 'blockchain' en las finanzas. La revolución fintech. IESE Insight (38), pp. 15 - 21.
GINÉ, M., ANTÓN, M. (2018). How Big Data, AI and Blockchain Are Changing Finance. The Fintech Revolution. IESE Insight (38), pp. 15 - 21.
ANTÓN, M., GINÉ, M. (2017). Un reto adicional para la retribución de ejecutivos: los inversores comunes. El efecto de los accionistas comunes en las empresas cotizadas. Revista de Antiguos Alumnos (145), pp. 22 - 25.
ANTÓN, M., GINÉ, M. (2017). An Additional Challenge For Executive Compensation: Common Shareholders. The Effect Of Common Shareholders On Listed Companies. Alumni Magazine (145), pp. 18 - 21.