WORKING PAPERS

Abínzano, I. and J.F. Navas, Pricing levered warrants with dilution using observable variables.

Navas, J.F., On the dark side of secured debt.

Abínzano, I. and J.F. Navas, Valoración de opciones de compra cuando el activo subyacente presenta reversión a la media.

SELECTED PUBLICATIONS

Moreno, M., J. F. Navas, and F. Todeschini (2009), Land Valuation using a Real Option Approach, Revista de la Real Academia de las Ciencias, Serie A, Matemáticas (RACSAM), 103, 2, 405-420.

Abínzano, I. and Javier F. Navas (2009), Valoración de los Recursos Propios de una Empresa Financiada con dos Deudas Mediante Opciones Extensibles, Cuadernos Aragoneses de Economía, 2ª Época, 19, 1, 29-42.

Moreno, M., J. F. Navas, and F. Todeschini (2009), Deciding What and When to Seed: Mean Reverting Process and Real Options, in New Frontiers in Financial and Actuarial Risk Management, Mc Graw-Hill, Milano (Italy), 18, 243-252. ISBN: 978-88-386-6061-0.

Navas, Javier F. (2009), Valuing the Option to Purchase an Asset at a proportional Discount: A Correction, The Quarterly Review of Economics and Finance, 49, 720-724.

Abínzano, I. and Javier F. Navas (2009), Reestructurarse o morir, Universia Business Review, 21, 14-35.

Moreno, M. and J.F. Navas (2008), Australian Options, Australian Journal of Management, 33, 1, 69-93.

Abínzano, I. and Javier F. Navas (2008), Valoración de los Recursos Propios de una Empresa Mediante Opciones Extensibles, Revista de Economía Financiera, 15, 22-48.

Navas, Javier F. (2007), Voluntary Liquidations, Revista Europea de Dirección y Economía de la Empresa, 16, 2, 53-60.

Navas, Javier F. (2005), Yield Curve Fitting with Term Structure Models: Empirical Evidence from the Euro Market, Revista de Economía Aplicada, 13, 39, 87-114.

Navas, Javier F.(2005), Pricing LYONs under Stochastic Interest Rates, Revista de Economía Financiera, 7, 12-24. 

Navas, Javier F. (2003), Calculation of Volatility in a Jump-Diffusion Model, The Journal of Derivatives, 11, 2, 66-72.

Moreno, M. and J.F. Navas (2003), On the Robustness of Least-Squares Monte Carlo (LSM) for Pricing American Derivatives, The Review of Derivatives Research, 6, 2, 107-128.

Leber, M., J.A. Soler and J.F. Navas (2001), Valoración de Bonos en el Mercado de Deuda del Estado con Modelos Estáticos y Dinámicos de la ETTI, Revista Española de Financiación y Contabilidad, XXX, 110, 1167-1199.

Navas, Javier F. (1999), Consistent versus Non-Consistent Term Structure Models: Some Evidence from the Spanish Market, The Journal of Fixed Income, 9, 3, 42-60.

EDUCATION

Ph.D., Purdue University, 1994.

M.B.A., Instuto de Empresa, Madrid, Spain, 1988.

M.S. Industrial Engineering, Escuela Superior Ingenieros Industriales, Seville, Spain, 1987.

B.S. Industrial Engineering, Escuela Superior Ingenieros Industriales, Seville, Spain, 1985.

AWARDS/HONORS

Best Paper (with I. Abinzano) on Derivatives, BME Award, 12th Annual Meeting of the Spanish Finance Association, 2004, Barcelona, Spain.

Best Paper (with M. Moreno) on Capital Markets, Barclays Global Investor Australia Research Award, 16^th Annual Australian Finance and Banking Conference, 2003, Sydney, Australia.

Phi Kappa Phi Academic Honorary, 1994 (GPA 6.0/6.0).

Finalist of the Financial Management Award to the Best PhD Thesis, 1994.

Krannert Thesis Grant, Purdue University, 1992-1993.

Instituto de Empresa Grant, 1990-1994.

MBA with distinction, Instituto de Empresa, 1988 (GPA A-).

Class ranking #1, Escuela Superior de Ingenieros Industriales, 1987 (GPA 7.5/10).

ACADEMIC EMPLOYMENT

Professor of Finance, Pablo de Olavide University, 1999-present.

Professor of Finance, Instituto de Empresa, 1994-2004.

Research Assistant, Credit Research Center, Purdue University, 1993-1994.

Research Assistant, Purdue University, 1990-1992.

Teaching Assistant, Purdue University, 1991.

Teaching Assistant, Instituto de Empresa, 1988-1990.

ACADEMIC ACTIVITIES

Presented papers at

American Mathematical Society: 1994.

Applied Economics Meeting, Spain: 2007, 2009.

Australasian Finance and Banking Conference Meeting: 2003.

Economic Analysis Simposium, Spanish Economics Association: 2006, 2009.

Euro Working Group on Financial Modelling Meeting: 2008.

European Financial Management Association Meeting: 2004, 2007, 2009.

Financial Management Association Meeting: 1994, 1999.

Italian-Spanish Meeting on Financial and Actuarial Mathematics: 2004.

Mathematical Finance Seminar, MEFF-RiskLab: 1997, 2004.

Spanish Finance Association Meeting: 1994, 1995, 1996, 1997, 1998, 2001, 2002, 2003, 2004, 2006, 2008, 2009.

Discussed papers at

Financial Management Association: 1999.

Finance Workshop, Segovia: 1998, 1999.

Spanish Finance Association Meeting: 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2009.

Workshop in Quantitative Finance (Doctorado Interuniversitario en Banca y Finanzas Cuantitativas) : 2008, 2009.

Session chairman at

Spanish Finance Association Meeting, 1994, 1995, 2000, 2001, 2002, 2006.

Program Committee for

ACEDE: 2007.

European Finance Association: 2001, 2003.

Spanish Finance Association: 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2010.

Southern Finance Association: 2008.

Reviewed papers for

Applied Financial Economics

Cuadernos de Economía y Dirección de la Empresa

Instituto Valenciano de Investigaciones Económicas

Investigaciones Económicas

Journal of Futures Markets

Journal of Agricultural and Resource Economics

Moneda y Crédito

Revista de Economía Aplicada

Revista de Economía Financiera

Revista Española de Financiación y Contabilidad

Revista de Métodos Cuantitativos para la Economía y la Empresa

Spanish Economic Review

The European Journal of Finance

Seminars given at

IE Business School: 2005.

Universidad Cardenal Herrera, CEU: 2008.

Universidad Carlos III: 1995, 1999, 2009.

Universidad Complutense: 2001, 2004.

Universidad de Alicante: 2005.

Universidad de Navarra: 2002.

Universidad de Sevilla: 2000.

Universidad de Valencia: 1999.

Universidad del País Vasco: 2000.

Universidad Pablo de Olavide: 2006.

Universidad Pompeu Fabra: 1998, 2002.

Universidad Pública de Navarra: 2007.

Invited Speaker at

Workshop Modelling and Numerical Techniques in Quantitative Finance, A Coruña (Spain), October 15-16, 2009.

III Congreso de Riesgo Bancario en Latinoamérica, Ciudad de Panamá, Panamá, November 13, 2008.

Año Mundial de las Matemáticas, Facultad de Matemáticas, Universidad de Sevilla (Spain), 2000.

PhD Thesis Committees

Universidad Autónoma de Madrid: 2001.

Universidad Carlos III: 2000 (2), 2004, 2009.

Universidad de Navarra: 2002.

Universidad de Sevilla: 2004.

Universidad de Valladolid: 2007.

Universidad del País Vasco: 2008, 2009.

Visiting Scholarships

Universidad Carlos III, Madrid (Spain): 2009.
Universidad Pompeu Fabra, Barcelona (Spain): 2002.