Pablo
Fernández

Professor of Financial Management

PricewaterhouseCoopers Chair of Corporate Finance

Ph.D. in Business Economics (Finance), Harvard University
Master of Arts in Business Economics, Harvard University
Master in Business Administration, IESE, University of Navarra
Bachelor´s degree in Industrial Engineering, University of Navarra

Pablo Fernández’s career at IESE started in 1985. Today he is professor in the Department of Financial Management and holder of IESE’s PricewaterhouseCoopers Corporate Finance Chair. He is also visiting professor at the Piura (Peru), INALDE (Colombia), IAE (Argentina), IEEM (Uruguay) and IPADE (Mexico) Business Schools. In addition, he carries out extensive consultancy work for numerous firms and banks.

Prof. Fernández was awarded his Ph.D. and M.A. in business economics from Harvard University. He also holds an M.B.A. from IESE and a degree in industrial engineering from the University of Navarra in San Sebastian.

Among other important appointments, Prof. Fernández was a member of the jury that awarded the sixth ACECA prize for outstanding articles on corporate accounts and administration (2000) and was also on the board of the McKinsey Best Internet Project Award (2000). In 2004, he received the IESE award for outstanding research. Earlier in his career he received the BARRA award for a project he undertook under the aegis of the Institute for Quantitative Investment Research (INQUIRE) titled “Convertible Bonds in Spain: a Different Security” (1991).

Prof. Fernández is a widely published author with an impressive list of book chapters, working and research papers, case studies, technical notes and journal articles on his curriculum. Recent book chapters include “Valuation of Brands and Intellectual Capital” in Brand Valuation -Concepts and Applications (2005). Recent peer-reviewed articles include “The Value of Tax Shields is NOT Equal to the Present Value of Tax Shields” in the Journal of Financial Economics (2004). In June 2006 he published the article “A New Formula for Value Creation” in the Financial Times.

His free book Valuation and Common Sense may be downloaded in ssrn.com/abstract=2209089. It has more than 1,000 comments of readers of previous editions. He uses the book with MBAs and Executives. Professor Fernandez is the most downloaded author (among more than 300,000 authors) in www.ssrn.com since 2016.

Areas of interest

* Company valuations
* Value creation: Design, analysis and implementation.
* Investment banking, mergers, acquisitions and negotiations.
* Expert witness for arbitration procedures