Cunat, Vicente

Dr Vicente Cunat  

Department

Position held

Associate Professor (Reader) in Finance

 

Experience keywords:

competition; executive compensation; financing constraints; small firm finance; trade credit

Research summary > [Click to expand]

Most of my corporate finance work can be classified within two large topics: articles related to the firm’s optimal choices in the presence of financing constraints, and research related to executive compensation and its interaction with product market competition.

Outside corporate finance, I have several articles that form part of a research project on how the provision of quality of firms depends on consumer behaviour.

Sectors and industries to which research relates:

Banking; Financial Services

Countries and regions to which research relates:

Spain; UK

Languages:

Italian [Spoken: Intermediate, Written: Basic]; Spanish [Spoken: Fluent, Written: Fluent]

Media experience:

Has written for mainstream press; Radio

Contact Points

LSE phone number:

+44 (0)20 7955 6203

LSE email:

v.cunat@lse.ac.uk

Alt email:

vicente.cunat@upf.edu

Publications

2017

Caggese, Andrea and Cuñat, Vicente and Metzger, Daniel (2017) Firing the wrong workers: financing constraints and labor misallocation Journal of Financial Economics. ISSN 0304-405X (In Press)

2015

Cuñat, Vicente and Giné, Mireia and Guadalupe, Maria (2015) Say pays! Shareholder voice and firm performance Review of Finance, 20 (5). 1799-1834. ISSN 1572-3097

2014

Bar-Isaac, Heski and Cuñat, Vicente (2014) Long-term debt and hidden borrowing Review of Corporate Finance Studies, 3 (1-2). 87-122. ISSN 2046-9128

2013

Cuñat, Vicente and Giné, Mireia and Guadalupe, Maria (2013) Say pays! Shareholder voice and firm performance Financial Markets Group discussion paper, DP724. Financial Markets Group, The London School of Economics and Political Science, London, UK.

Breinlich, Holger and Cuñat, Alejandro (2013) Geography, non-homotheticity, and industrialization: a quantitative analysis Journal of Development Economics, 103. 133-153. ISSN 0304-3878

Cuñat, Vicente and Gine, Mireia and Guadalupe, Maria (2013) Corporate governance and value: evidence from “close calls” on shareholder governance proposals Journal of Applied Corporate Finance, 25 (1). 44-54. ISSN 10781196

2012

Cuñat, Vicente (2012) The reform of the Spanish labour market is politically costly, and will only bring minor economic changes LSE European Politics and Policy (EUROPP) Blog (23 Apr 2012) Blog entry

Bar-Isaac, Heski and Caruana, Guillermo and Cunat, Vicente (2012) Search, design, and market structure American Economic Review, 102 (2). 1140-1160. ISSN 0002-8282

Bar-Isaac, Heski and Caruana, Guillermo and Cuñat, Vicente (2012) Information gathering externalities for a multi-attribute good Journal of Industrial Economics, 60 (1). 162-185. ISSN 0022-1821

Cuñat, Vicente and Gine, Mireia and Guadalupe, Maria (2012) The vote is cast: the effect of corporate governance on shareholder value Journal of Finance, 67 (5). 1943-1977. ISSN 0022-1082

Caggese, Andrea and Cuñat, Vicente (2012) Financing constraints, firm dynamics, export decisions, and aggregate productivity Review of Economic Dynamics, 16 (1). 177-193. ISSN 1094-2025

Bar-Isaac, Heski and Caruana, Guillermo and Cuñat, Vicente (2012) Search, design, and market structure American Economic Review, 102 (2). 1140-1160. ISSN 0002-8282

2011

Bar-Isaac, Heski and Caruana, Guillermo and Cuñat, Vicente (2011) Locating inside the Salop circle: demand rotations in a micro-founded model Department of Finance, London School of Economics and Political Science, London, UK.

Caggese, Andrea and Cuñat, Vicente (2011) Financing constraints, firm dynamics, export decisions, and aggregate productivity Department of Finance, London School of Economics and Political Science., London, UK.

2010

Bar-Isaac, Heski and Caruana, Guillermo and Cuñat, Vicente (2010) Information gathering and marketing Journal of Economics and Management Strategy, 19 (2). 375-401. ISSN 1058-6407

Cuñat, Vicente and Gine, Mireia and Guadalupe, Maria (2010) The vote is cast: the effect of corporate governance on shareholder value NBER working paper, 16574. The National Bureau of Economic Research, Cambridge, MA, USA.

Breinlich, Holger and Cuñat, Alejandro (2010) Trade liberalization and heterogeneous firm models: an evaluation using the Canada - US Free Trade Agreement CEP Discussion Paper, No. 975. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

Cunat, Vicente and Garicano, Luis (2010) Concedieron las cajas “buenas” créditos “malos”? Gobierno corporativo, capital humano y carteras de créditos (Did good cajas extend bad loans? governance, human capital and loan portfolios) In: Bentolila, Samuel and Boldrin, Michele and Diaz-Gimeez, Javier and Dolado, Juan J., (eds.) La Crisis De la Economía Española: Análisis Económico De la Gran Recesión. Colección monografías fedea. Fedea, Madrid, Spain, 351-398.

2009

Cuñat, Vicente and Guadalupe, Maria (2009) Globalization and the provision of incentives inside the firm: the effect of foreign competition Journal of Labor Economics, 27 (2). 179-212. ISSN 0734-306X

Cuñat, Vicente and Guadalupe, Maria (2009) Executive compensation and competition in the banking and financial sectors Journal of Banking and Finance, 33 (3). 495-504. ISSN 0378-4266

Cunat, Vicente and Garicano, Luis (2009) Did good cajas extend bad loans? The role of governance and human capital in Cajas' portfolio decisions. In: Fedea annual policy conference, 30 Oct 2009, Madrid, Spain

2008

Caggese, Andrea and Cuñat, Vicente (2008) Financing constraints and fixed-term employment contracts Economic Journal, 118 (533). 2013-2046. ISSN 0013-0133

Bar-Isaac, Heski and Caruana, Guillermo and Cuñat, Vicente (2008) Costly search and design Department of economics working papers, 1153. Universitat Pompeu Fabra Department of Economics, Spain.

2007

Cuñat, Vicente and Guadalupe, Maria (2007) Executive compensation and competition in the banking and financial sectors Discussion paper, 598. Financial Markets Group, London School of Economics and Political Science, London, UK.

2006

Cuñat, Vicente (2006) Trade credit: suppliers as debt collectors and insurance providers Review of Financial Studies, 20 (2). 491-527. ISSN 0893-9454

2005

Cuñat, Vicente and Guadalupe, Maria (2005) How does product market competition shape incentive contracts? Journal of the European Economic Association, 3 (5). 1058-1082. ISSN 1542-4774

Bar-Isaac, Heski and Cuñat, Alejandro (2005) Long-term debt and hidden borrowing Discussion paper, 542. Financial Markets Group, London School of Economics and Political Science, London, UK.

Cuñat, Vicente and Guadalupe, Maria (2005) How does product market competition shape incentive contracts? CEPDP, 687. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753018675

Cuñat, Vicente and Gonzalez-Iturriaga, Claudio (2005) Shocks to the cost of borrowing and capital structure Department of Finance, London School of Economics and Political Science, London, UK.

2004

Cuñat, Alejandro and Maffezzoli, Marco (2004) Heckscher-Ohlin business cycles Review of Economic Dynamics, 7 (3). 555-585. ISSN 1094-2025

Cuñat, Alejandro and Maffezzoli, M (2004) Neoclassical growth and commodity trade Review of Economic Dynamics, 7 (3). 707-736. ISSN 1094-2025

Cuñat, Vicente and Guadalupe, Maria (2004) Executive compensation and product market competition CEPDP, 617. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753017199

2003

Cuñat, Alejandro and Maffezzoli, Marco (2003) Can comparative advantage explain the growth of US trade? IGIER working paper, 241. Innocenzo Gasparini Institute for Economic Research, Bocconi University, Milan, Italy.

1999

Cuñat, Vicente (1999) Determinantes del plazo de endeudamiento de las empresas españolas Investigaciones Económicas, 23 (3). 351-392. ISSN 0210-1521

Expert Image

Personal website

Awards

Jaime Fernandez de Araoz Prize to the best contribution in Corporate Finance (2007); Young Economist Award (2001, European Economic Association)

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