Miguel
Duro

Assistant Professor of Accounting and Control

Academic Director, CIF - Center for International Finance

  PhD in Accounting, Columbia Business School
  M.Phil. in Accounting, Columbia Business School
  Executive MBA, IESE Business School
  B.Sc. in Business Administration, Universidad de Sevilla

Professor Miguel Duro is Assistant Professor in the Accounting and Control department and academic director of the Center for International Finance (CIF). Professor Duro received a PhD and a M. Phil. in Business (Accounting) from Columbia Business School, an Executive MBA from IESE Business School, and a Bachelor’s Degree in Business Administration from the University of Seville.

He is a Certified International Investor Analyst (CIIA®) with 10 years of experience. He worked in senior management positions for Sybari Software (Microsoft), Pepsi Bottling Group, and Metrovacesa, one of the biggest listed European real estate companies.

His research focuses on the impact of corporate governance, corporate disclosure and public enforcement in capital markets, earnings management and other accounting attributes. Professor Duro has published several papers at top-tier finance and accounting journals (Journal of Accounting and Economics, The Accounting Review, etc.). His dissertation on the role of institutional investors in enforcement has received several awards, such as the Nasdaq Educational Foundation Doctoral Dissertation Fellowship and the Jerome A. Chazen Institute Doctoral Research Grant.

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Areas of interest

* Corporate governance
* Corporate Disclosure and Public-Private Enforcement
* Accounting attributes: Fair Value, Conservatism, Earnings Management, etc.
* The relation between accounting information and valuation

Publications

Journal Articles (refereed)

BADIA, M., DURO, M., JORGENSEN, B. N., ORMAZÁBAL, G. (2020). The Informational Effects of Tightening Oil and Gas Disclosure Rules. Contemporary Accounting Research. doi:10.2139/ssrn.2949896. (Online first)
BONETTI, P., DURO, M., ORMAZÁBAL, G. (2020). Disclosure Regulation and Corporate Acquisitions. Journal of Accounting Research, 58 (1), 55 - 103. doi:https://doi.org/10.1111/1475-679X.12298.
BADIA, M., BARTH, M. E., DURO, M., ORMAZÁBAL, G. (2020). Firm Risk and Disclosures about Dispersion of Asset Values: Evidence from Oil and Gas Reserves. Accounting Review, 95 (1), 1 - 29. doi:10.2308/accr-52445.
DURO, M., HEESE, J., ORMAZÁBAL, G. (2019). The Effect of Enforcement Transparency: Evidence from SEC Comment-Letter Reviews. Review of Accounting Studies, 24 (3), 780 - 823. doi:10.1007/s11142-019-09503-1.
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.

Working Papers

BONETTI, P., DURO, M., ORMAZÁBAL, G. (2018). Disclosure Regulation and Corporate Acquisitions (WP-1215-E).

Book Chapters

DURO, M., ORMAZÁBAL, G. (2018). Does Regulating Banks' Corporate Governance Help? A Review of the Empirical Evidence. In Belén Díaz Díaz, Samuel O. Idowu, Philip Molyneux (Eds.), Corporate Governance in Banking and Investor Protection: From Theory to Practice (pp. 3 - 20). Cham: Springer International Publishing.

Cases

DURO, M., SOLER, E., RIVERA DE ASIS, J. (2019). Fútbol Club Barcelona: ¿El tiki-taka en quiebra? IESE, C-796.
DURO, M., SOLER, E., RIVERA DE ASIS, J. (2019). Futbol Club Barcelona: "Tiki-Taka" Gone Bust? IESE, C-796-E.

Technical Notes

COBO, E., DURO, M., SOLER, E. (2020). Preparación y auditoría de las cuentas anuales. IESE, CN-242.
COBO, E., DURO, M., SOLER, E. (2020). Preparation and Audit of the Annual Financial Statements. IESE, CN-242-E.