Contact
- +44 (0)20 7040 5171
- Francisco.Urzua@citystgeorges.ac.uk
About
Overview
Francisco is a Reader in Finance at Bayes Business School (formerly Cass), having joined in January 2019. Prior he was an assistant professor at Erasmus University. He does research in corporate finance and corporate governance. He holds a PhD from Tilburg University.
Qualifications
- PhD in Finance, Tilburg University, Netherlands
- MSc in Accounting and Finance, London School of Economics and Political Science, United Kingdom
- BA in Business and Economics, Pontifical Catholic University of Chile, Chile
Employment
- Reader in Finance, Bayes Business School, United Kingdom, January 2019 - present
- Assistant professor, Erasmus University Rotterdam, Netherlands, September 2013 - December 2018
Languages
Dutch; Flemish and Spanish - Latin American
Expertise
Geographic Areas
- Americas - South
- Europe
Publications
Journal articles (20)
- Ortiz M., M. and Urzúa I., F. (2026). Peer Financial Reports and Corporate Cash Policy. European Accounting Review, 35(2), pp. 561-584. doi:10.1080/09638180.2025.2488344
- Larrain, B., Phillips, G.M., Sertsios, G. and Urzúa I, F. (2025). The Effects of Going Public on Firm Profitability and Strategy. The Review of Financial Studies, 38(8), pp. 2467-2514. doi:10.1093/rfs/hhaf026
- Larrain, B., Sertsios, G. and Urzúa I., F. (2025). Funding Contagion through Common Owners. The Review of Corporate Finance Studies, 14(2), pp. 608-648. doi:10.1093/rcfs/cfad019
- Larrain, B., Roosenboom, P., Sertsios, G. and Urzúa, F. (2024). Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs. Management Science, 70(7), pp. 4441-4464. doi:10.1287/mnsc.2021.01039
- Ortiz, M., Peter, C.D., Urzúa I, F. and Volpin, P.F. (2023). Mandatory Financial Disclosure and M&A Activity. The Review of Financial Studies, 36(12), pp. 4788-4823. doi:10.1093/rfs/hhad052
- Müller, M.A., Peter, C.D. and Urzúa I., F. (2023). Owner Exposure through Firm Disclosure. The Accounting Review, 98(6), pp. 381-405. doi:10.2308/tar-2020-0270
- van de Wiel, W., Castillo-Laborde, C., Francisco Urzúa, I., Fish, M. and Scholte, W.F. (2021). Mental health consequences of long-term stays in refugee camps: preliminary evidence from Moria. BMC Public Health, 21(1). doi:10.1186/s12889-021-11301-x
- Larrain, B., Sertsios, G. and Francisco Urzúa I., (2021). The going public decision of business group firms. Journal of Corporate Finance, 66, pp. 101819-101819. doi:10.1016/j.jcorpfin.2020.101819
- Aldunate, F., González, F., Prem, M. and Urzua, F. (2020). Privatization and business groups: Evidence from the Chicago Boys in Chile. Explorations in Economic History pp. 101355-101355. doi:10.1016/j.eeh.2020.101355
- Buchuk, D., Larrain, B., Prem, M. and Urzúa Infante, F. (2020). How Do Internal Capital Markets Work? Evidence from the Great Recession. Review of Finance, 24(4), pp. 847-889. doi:10.1093/rof/rfz022
- González, F., Prem, M. and Urzúa I, F. (2020). The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime. The Journal of Economic History, 80(2), pp. 417-456. doi:10.1017/s0022050719000780
- Larrain, B., Sertsios, G. and Urzúa I, F. (2019). The Effects of Losing a Business Group Affiliation. The Review of Financial Studies, 124(2), pp. 3036-3074. doi:10.1093/rfs/hhy120
- Larrain, B., Tapia, M. and Urzúa I., F. (2017). Investor protection and corporate control. Journal of Corporate Finance, 47, pp. 174-190. doi:10.1016/j.jcorpfin.2017.09.002
- Larrain, B. and Urzúa I., F. (2016). Do Business Groups Change With Market Development? Journal of Economics & Management Strategy, 25(3), pp. 750-784. doi:10.1111/jems.12165
- Buchuk, D., Larrain, B., Muñoz, F. and Urzúa I., F. (2014). The internal capital markets of business groups: Evidence from intra-group loans. Journal of Financial Economics, 112(2), pp. 190-212. doi:10.1016/j.jfineco.2014.01.003
- Larrain, B. and Urzúa I., F. (2013). Controlling shareholders and market timing in share issuance. Journal of Financial Economics, 109(3), pp. 661-681. doi:10.1016/j.jfineco.2013.03.013
- Donelli, M., Larrain, B. and Francisco Urzúa, I. (2013). Ownership Dynamics with Large Shareholders: An Empirical Analysis. Journal of Financial and Quantitative Analysis, 48(2), pp. 579-609. doi:10.1017/s0022109013000173
- Urzúa I., F. (2009). Too few dividends? Groups' tunneling through chair and board compensation. Journal of Corporate Finance, 15(2), pp. 245-256. doi:10.1016/j.jcorpfin.2008.11.002
- Lefort, F. and Urzúa, F. (2008). Board independence, firm performance and ownership concentration: Evidence from Chile. Journal of Business Research, 61(6), pp. 615-622. doi:10.1016/j.jbusres.2007.06.036
- Larrain, B., Roosenboom, P., Sertsios, G. and Urzua, F. Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs. SSRN Electronic Journal. doi:10.2139/ssrn.3583445
Working papers (6)
- Ortiz M., M. How does Mandatory Financial Disclosure Regulation affect the Liquidity Risk of Private Firms? Elsevier BV.
- Buchuk, D., Larrain, B., Prem, M. and Urzza I., F. Overlapping Networks of Credit and Control. Elsevier BV.
- Aldunate, F., González, F., Prem, M. and Urzua, F. The Evolution of Ownership Structures: Privatization, Business Groups, and Pyramids. Elsevier BV.
- Prem, M., Gonzzlez, F. and Urzua, F. Take the Money and Run? The Consequences of Controversial Privatizations. Elsevier BV.
- Larrain, B., Phillips, G.M., Sertsios, G. and Urzua, F. The Effects of Going Public on Firm Performance and Commercialization Strategy: Evidence from International Ipos. Elsevier BV.
- Larrain, B., Phillips, G.M., Sertsios, G. and Urzua, F. The Effects of Going Public on Firm Performance and Strategy: Evidence from International IPOs. Elsevier BV.