I am Marcelo Ortiz, Assistant Professor at Universitat Pompeu Fabra. Welcome to my homepage!

I do research in Financial Accounting and Corporate Governance, with special emphasis on the role of transparency and family ties in the economy and corporate strategies. I am fortunate that my research projects have been published in leading journals, having three publications in the FT Top 50 journals. I am also affiliated with the Barcelona School of Economics and the UPF Barcelona School of Management.

Since 2019, I co-organize the Barcelona Accounting Seminars and Workshops.

Before my academic career, I was a portfolio manager at Itau Bank, working on interest and liquidity risk management through debt issuance, asset securitization, and derivatives trading.

📢 News

• April 2024: Paper accepted for the IESE Tax Conference 2024.
• March 2024: I will visit Erasmus University - RSM Accounting Department in June 2024.
• March 2024: I will teach a PhD workshop on Accounting and Governance in Paris Dauphine - PSL. All material is available here.
• Feb 2024: Papers accepted for the EAA Annual Congress 2024.
• Jan 2024: Paper accepted in Entrepreneurship Theory and Practice.
• May 2023: Paper accepted in The Review of Financial Studies.

Publications

Articles

1. More than Money: Political Participation by Elite Business Families. Accepted. Entrepreneurship Theory and Practice. Joint with P. Duran and M. Carney.
   • Publisher. Pre-print. Featured by BSE and Promarket.
2. Mandatory Financial Disclosure and the M&A Activity. 2023. The Review of Financial Studies. Joint with F. Urzua, C. Peter, and P. Volpin.
   • Publisher. Pre-print. Internet Appendix.
3. Inheritance tax, Shareholder Protection, and the market value of Family Firms. 2021. Global Strategy Journal. Joint with M. Braun, M. Carney, P. Duran, and J. Riutort.
   • Publisher.
   • Finalist Best Paper Award AIB LAT 2018.
4. When More Is Better: Multifamily Firms and Firm Performance. 2020. Entrepreneurship Theory and Practice. Joint with P. Duran.
   • Publisher.

Book Chapters

1. Inheritance Law. Encyclopedia of Family Business. Forthcoming. Cheltenham, UK, Edward Elgar Publishing.
   • Publisher. Pre-print.

📎 Working Paper

• Understanding the Effect of the Financial Reporting Environment on Internal Financing: Evidence from Cash Policy. (with Francisco Urzúa)
  • Pre-print. Featured by BSE Focus.
  • R&R at the European Accounting Review.
• Private Firms and Offshore Finance: the Real Effects of Data Leaks (with Juan Imbet)
  • Pre-print.
• Industry Information and The Market for Top Executives (with Francisco Urzúa and Paolo Volpin)

🛠️ Work in Progress

• How are the evaded taxes distributed? (with Juan Imbet and Vincent Tena). First draft soon.