Fernando Muñoz is a PhD Assistant Lecturer at the University of Zaragoza, where he has taught courses in financial economics and accounting. Previously, he has worked at the Centro Universitario de la Defensa (Zaragoza) where he has taught the subjects of “Business Administration: the Basics” and “Business economics”.

He received his doctorate in Finance from UZ in 2010 after the defense of his thesis where dealt with different managerial finance topics for socially responsible mutual funds, achieving compared empirical evidence with conventional mutual funds. He made a four-month research stay at the University of Minho (Portugal).

Research topics:

• Mutual funds and pension funds
• Portfolio management
• Behavioural finance
• Socially responsible investment

Selected Publications:

• “Hindsight effect: What are the actual cash flow timing skills of mutual fund investors?”, (with Ruth Vicente), Journal of Empirical Finance, 2018, 45, 181-193. (SSCI Business and Finance, JCR Impact Factor 2017: 0,946).
• “Optimal allocation of government bond funds through the business cycle. Is money smart?”, (with Ricardo Laborda), International Review of Economics & Finance, 2016, 45, 46-67. (SSCI Business and Finance, JCR Impact Factor 2016: 1,261).
• “Cash flow timing skills of socially responsible mutual fund investors”, International Review of Financial Analysis, 2016, 48, 110-124. (SSCI Business and Finance, JCR Impact Factor 2016: 1,457).
• “Environmental mutual funds: Financial performance and managerial abilities”, (with Isabel Marco and María Vargas) Journal of Business Ethics, 2014, 124(4), 551-569. (SSCI Business and Ethics, JCR Impact Factor 2014: 1,326).
• “Fund flow bias in market timing skill. Evidence of the clientele effect”, (with María Vargas and Ruth Vicente), International Review of Economics & Finance, 33, 257-269. (SSCI Business and Finance, JCR Impact Factor 2014: 1,704).