Head of Managerial Decision Sciences Department

Professor of Managerial Decision Sciences

• Ph.D. in Management, IESE Business School
• Bachelor in Business Administration, University of Wales

Roberto García-Castro is Professor and Head of the Managerial Decision Sciences Department at IESE Business School. His research interests cover various areas in decision-making in organizations and corporate governance. His publications include articles in Strategic Management Journal, Managerial and Decision Economics, Corporate Governance: An International Review, Journal of Business Ethics and Business & Society, among others. He has been Visiting Professor at CEIBS (Shanghai), ESCP (London), Universidad Carlos III (Madrid) and Ludwig Maximilians Universität (Munich). He has participated in executive education programs at Kellogg School of Management. Prior to academia he worked for Arthur Andersen as auditor and consultant.

Areas of interest

* Decision-making
* Data Science
* Corporate Governance
* Stakeholders


Journal Articles (refereed)

LIEBERMAN, M. B., BALASUBRAMANIAN, N., GARCÍA-CASTRO, R. (2018). Toward a Dynamic Notion of Value Creation and Appropriation in Firms: The Concept and Measurement of Economic Gain. Strategic Management Journal, 39 (6), 1546 - 1572. doi:10.1002/smj.2708.
LIEBERMAN, M. B., GARCÍA-CASTRO, R., BALASUBRAMANIAN, N. (2017). Measuring Value Creation and Appropriation in Firms: The VCA Model. Strategic Management Journal, 38 (6), 1193 - 1211. doi:10.1002/smj.2565.
GARCÍA-CASTRO, R., ARIÑO, M. A. (2016). A General Approach to Panel Data Set-Theoretic Research. Journal of Advances in Management Sciences & Information Systems, 2, 63 - 76. doi:
GARCÍA-CASTRO, R., FRANCOEUR, C. (2016). When More is Not Better: Complementarities, Costs and Contingencies in Stakeholder Management. Strategic Management Journal, 37 (2), 406 - 424. doi:10.1002/smj.2341.
GARCÍA-CASTRO, R., AGUILERA, R. (2015). Incremental Value Creation and Appropriation in a World with Multiple Stakeholders. Strategic Management Journal, 36 (1), 137 - 147. doi:10.1002/smj.2241.
AYUSO, S., RODRÍGUEZ BADAL, M. Á., GARCÍA-CASTRO, R., ARIÑO, M. A. (2014). Maximizing Stakeholders' Interests. An Empirical Analysis of the Stakeholder Approach to Corporate Governance. Business & Society, 53 (3), 414 - 439. doi:10.1177/0007650311433122.
GARCÍA-CASTRO, R., AGUILERA, R. (2014). Family Involvement in Business and Financial Performance: A Set-Theoretic Cross-National Inquiry. Journal of Family Business Strategy, 5 (1), 85 - 96. doi:10.1016/j.jfbs.2014.01.006.
GARCÍA-CASTRO, R., AGUILERA, R., ARIÑO, M. A. (2013). Bundles of Firm Corporate Governance Practices. A Fuzzy Set Analysis. Corporate Governance-An International Review, 21 (4), 390 - 407. doi:10.1111/corg.12024.
AYUSO, S., RODRÍGUEZ, M. Á., GARCÍA-CASTRO, R., ARIÑO, M. A. (2011). Does Stakeholder Engagement Promote Sustainable Innovation Orientation? Industrial Management & Data Systems, 111 (9), 1399 - 1417. doi:10.1108/02635571111182764.
GARCÍA-CASTRO, R., SHARMA, P. (2011). Family Involvement - Firm Performance Link. Winning Configurations Revealed by Set-Theoretic Methods. Universia Business Review (32), 54 - 68.

Working Papers

GARCÍA-CASTRO, R., ARIÑO, M. A. (2013). A General Approach to Panel Data Set-Theoretic Research (WP-1106-E).
CAPAPÉ, J., SUSAETA ERBURU, L., PIN ARBOLEDAS, J. R., GALLIFA, Á., GARCÍA-CASTRO, R. (2011). El control de la eficiencia de las prácticas de recursos humanos: Un análisis de la realidad de las empresas que operan en España (DI-923).
AYUSO, S., RODRÍGUEZ BADAL, M. Á., GARCÍA-CASTRO, R., ARIÑO, M. A. (2007). Maximizing stakeholders' interests: An empirical analysis of the stakeholder approach to corporate governance (DI-670-E).


GARCÍA-CASTRO, R. (2012). An Extension of the VCA Model to Estimate Stakeholder Value Appropriation. Academy of Management Proceedings: Meeting Abstract Supplement.

Articles in other publications

GARCÍA-CASTRO, R., ARIÑO, M. A. (2019). Cómo tomar decisiones maravillosas. IESE Business School Insight (154), pp. 68 - 74.
GARCÍA-CASTRO, R., ARIÑO, M. A. (2019). Wonderful decisions. IESE Business School Insight (154), pp. 68 - 75.
GARCÍA-CASTRO, R. (2009). Governing Joint Ventures in China. Lessons from Western' Success and Failures. ICFAI Journal of Mergers & Acquisitions, 6 (1), pp. 7 - 23.
GARCÍA-CASTRO, R., VÉLAZ, I. (2006). La empresa como mercado y el dilema del gobierno organizativo. Empresa y Humanismo, 9 (1), 97 - 125.


GARCÍA-CASTRO, R. (2019). Business Analytics R.
GARCÍA-CASTRO, R., ARIÑO, M. A. (2018). Wonderful Decisions.
GARCÍA-CASTRO, R., VÉLAZ, I. (2011). Los ciegos y el elefante. grandes visiones en dirección de empresas. Madrid: Civitas.
GARCÍA-CASTRO, R. (2010). The Governance of the Firm. Value Creation, Employment Contracts and Stakeholder Management. Saarbrücken, Germany: Lap Lambert Academic Publishing.

Book Chapters

GARCÍA-CASTRO, R., LIEBERMAN, M., RICART, J. E., BALASUBRAMANIAN, N. (2018). Business Model Innovation and Replication: Implications for the Measurement of Productivity. In Emili Grifell-Tatjé, C.A. Knox Lovell and Robin C. Sickles (Eds.), Oxford Handbook of Productivity Analysis (pp. 359 - 385). Cape Town: Oxford University Press.
GARCÍA-CASTRO, R. (2012). A Configurational Approach to Corporate Social Responsibility-Financial Performance Empirical Research. In A. Lindgreen, P. Kotler, F. Maon and J. Vanhamme (eds.) (Eds.), A Stakeholder Approach to Corporate Social Responsibility: Pressures, Conflicts, Reconciliation (pp. 1 - 1). Aldershot: Gower Publishing Ltd.
GARCÍA-CASTRO, R., AGUILERA, R. (2012). A Decade of Corporate Governance Reforms in Spain (2000-2010). In A. Rasheed and T. Yoshikawa (eds.) (Ed.), The Convergence of Corporate Governance: Promise and Prospects (pp. 187 - 211). Basingstoke [England]: Palgrave Macmillan.
ARIÑO, M. A., GARCÍA-CASTRO, R. (2008). Managerial Decision Making and Long-Term Effectiveness. The Organizational Learning. In T. P. Rajmanohar (Ed.), IUP on Decision Theory - Models and Experiences. Hyderabad, India: Icfai University Press.


FONTRODONA, J., GARCÍA-CASTRO, R. (2002). Estudio sobre políticas, hábitos de uso y control de Internet y correo electrónico en las principales empresas españolas.


ARMENGOU, J., GARCÍA-CASTRO, R. (2023). El dilema de Algorismika, S.L.. IESE, AD-383.
GARCÍA-CASTRO, R. (2022). Weissbier Analytics. IESE, AD-387-E.
GARCÍA-CASTRO, R. (2021). UW Health University Hospital. IESE, AD-378-E.
GARCÍA-CASTRO, R. (2021). Swedbank. IESE, AD-376-E.
GARCÍA-CASTRO, R. (2020). ScriptBook. IESE, AD-373-E.

Technical Notes

GARCÍA-CASTRO, R. (2021). Measuring Risk in Investment Projects: NPV at Risk. IESE, ADN-286-E.
BAUCELLS, M., GARCÍA-CASTRO, R. (2021). Subjective Decisions, Perception, and Time. IESE, ADN-288-E.
BAUCELLS, M., GARCÍA-CASTRO, R. (2021). Decisiones subjetivas, percepción, y tiempo. IESE, ADN-288.
GARCÍA-CASTRO, R., GARCÍA-MÉNDEZ, I. (2017). Toma de decisiones intuitiva: el método HAD. IESE, ADN-282.
GARCÍA-CASTRO, R. (2015). Measuring Risk in Investment Projects: NPV at Risk. IESE, ADN-280-E.