{"id":14457,"date":"2025-03-28T08:49:24","date_gmt":"2025-03-28T07:49:24","guid":{"rendered":"https:\/\/business.uc3m.es\/\/members\/jesus-david-moreno\/"},"modified":"2026-03-25T19:05:17","modified_gmt":"2026-03-25T18:05:17","slug":"jesus-david-moreno","status":"publish","type":"members","link":"https:\/\/business.uc3m.es\/en\/members\/jesus-david-moreno\/","title":{"rendered":"Jes\u00fas David Moreno"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14457\" class=\"elementor elementor-14457 elementor-4998\" data-elementor-post-type=\"members\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6ce5e5f8 e-flex e-con-boxed e-con e-parent\" data-id=\"6ce5e5f8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-cb5acf5 e-con-full e-flex e-con e-child\" data-id=\"cb5acf5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4007d4ec elementor-widget-mobile__width-inherit elementor-widget elementor-widget-image\" data-id=\"4007d4ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1140\" height=\"1140\" src=\"https:\/\/business.uc3m.es\/wp-content\/uploads\/2025\/03\/perfil-jesus-moreno.png\" class=\"attachment-full size-full wp-image-5000\" alt=\"\" srcset=\"https:\/\/business.uc3m.es\/wp-content\/uploads\/2025\/03\/perfil-jesus-moreno.png 1140w, https:\/\/business.uc3m.es\/wp-content\/uploads\/2025\/03\/perfil-jesus-moreno-300x300.png 300w, https:\/\/business.uc3m.es\/wp-content\/uploads\/2025\/03\/perfil-jesus-moreno-1024x1024.png 1024w, 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class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:jdmoreno@emp.uc3m.es\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M464 64H48C21.49 64 0 85.49 0 112v288c0 26.51 21.49 48 48 48h416c26.51 0 48-21.49 48-48V112c0-26.51-21.49-48-48-48zm0 48v40.805c-22.422 18.259-58.168 46.651-134.587 106.49-16.841 13.247-50.201 45.072-73.413 44.701-23.208.375-56.579-31.459-73.413-44.701C106.18 199.465 70.425 171.067 48 152.805V112h416zM48 400V214.398c22.914 18.251 55.409 43.862 104.938 82.646 21.857 17.205 60.134 55.186 103.062 54.955 42.717.231 80.509-37.199 103.053-54.947 49.528-38.783 82.032-64.401 104.947-82.653V400H48z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Email: jdmoreno@emp.uc3m.es<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-map-marker-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Address \/ Office: C\/ Madrid, 126 - 28903 Getafe (Madrid) Spain \/ 6.0.47<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-phone-alt\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M497.39 361.8l-112-48a24 24 0 0 0-28 6.9l-49.6 60.6A370.66 370.66 0 0 1 130.6 204.11l60.6-49.6a23.94 23.94 0 0 0 6.9-28l-48-112A24.16 24.16 0 0 0 122.6.61l-104 24A24 24 0 0 0 0 48c0 256.5 207.9 464 464 464a24 24 0 0 0 23.4-18.6l24-104a24.29 24.29 0 0 0-14.01-27.6z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Phone: (34) 91 624 57 94<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/scholar.google.es\/citations?user=5FbbjrkAAAAJ&#038;hl=es\" target=\"_blank\" rel=\"noopener\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-google\" viewBox=\"0 0 488 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M488 261.8C488 403.3 391.1 504 248 504 110.8 504 0 393.2 0 256S110.8 8 248 8c66.8 0 123 24.5 166.3 64.9l-67.5 64.9C258.5 52.6 94.3 116.6 94.3 256c0 86.5 69.1 156.6 153.7 156.6 98.2 0 135-70.4 140.8-106.9H248v-85.3h236.1c2.3 12.7 3.9 24.9 3.9 41.4z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Google Scholar<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79684660 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"79684660\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8ad4ee elementor-hidden-mobile elementor-view-default elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"f8ad4ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\" class=\"elementor-icon\" tabindex=\"-1\" aria-label=\"BUSINESS UC3M\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-x-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z\"><\/path><\/svg>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\">\n\t\t\t\t\t\t\tBUSINESS UC3M\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7f150573 e-con-full e-flex e-con e-child\" data-id=\"7f150573\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-38c20bb9 elementor-widget elementor-widget-heading\" data-id=\"38c20bb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Jes\u00fas David Moreno<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1863eb89 elementor-widget elementor-widget-heading\" data-id=\"1863eb89\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Associate Professor of Finance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bb0c2cd elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"6bb0c2cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Research Interests<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5949c8bb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5949c8bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1af64962 elementor-widget elementor-widget-text-editor\" data-id=\"1af64962\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>&#8211; Investment Funds<\/p><p>&#8211; Asset Valuation<\/p><p>&#8211; Portfolio Management<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ce14a23 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"6ce14a23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Selected publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-263b9f37 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"263b9f37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e3f8ace elementor-widget elementor-widget-text-editor\" data-id=\"3e3f8ace\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>ARTICLES<\/p><ul><li>Moreno, D., Rodr\u00edguez, R. &amp; Zambrana, R.: \u201c<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0304405X18300175\" target=\"_blank\" rel=\"noopener\">Management Sub-Advising in the Mutual Fund Industry<\/a>\u201d, Journal of Financial Economics, 2018, vol. 127 (3), 567-587<\/li><li>Mayoral, S., Moreno, D., &amp; Zareei, A.: \u201c<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S1544612321001252\" target=\"_blank\" rel=\"noopener\">Using a Hedging Network to Minimize Portfolio Risk<\/a>\u201d, Finance Research Letters, 2022, 44, 102044<\/li><li>Moreno, D., Rodr\u00edguez, R. &amp; Malag\u00f3n, J.: \u201c<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0378426615002253\" target=\"_blank\" rel=\"noopener\">The Idiosyncratic Volatility Anomaly: Corporate Investment or Investor Mispricing?<\/a>\u201d, Journal of Banking and Finance, 2015, vol. 60, 224-238<\/li><li>Moreno, D. &amp; Rodr\u00edguez, R.: \u201c<a href=\"https:\/\/econpapers.repec.org\/article\/eeejbfina\/v_3a33_3ay_3a2009_3ai_3a9_3ap_3a1664-1676.htm\" target=\"_blank\" rel=\"noopener\">The value of coskewness in mutu<\/a><a href=\"https:\/\/econpapers.repec.org\/article\/eeejbfina\/v_3a33_3ay_3a2009_3ai_3a9_3ap_3a1664-1676.htm\" target=\"_blank\" rel=\"noopener\">he value of coskewness in mutu<\/a><a href=\"https:\/\/econpapers.repec.org\/article\/eeejbfina\/v_3a33_3ay_3a2009_3ai_3a9_3ap_3a1664-1676.htm\" target=\"_blank\" rel=\"noopener\">al fund performance evaluation<\/a>\u201d, Journal of Banking &amp; Finance, 2009, vol. 33, 1664\u20131676.<\/li><\/ul><p>BOOKS<\/p><ul><li>\u201cPractical Manual in Financial Economics\u201d, (2023) Guti\u00e9rrez Urtiaga, Mar\u00eda and Moreno Mu\u00f1oz, J. David, Editorial PIR\u00c1MIDE. Available at: <a href=\"https:\/\/www.edicionespiramide.es\/libro\/economia-y-empresa\/manual-practico-de-economia-financiera-maria-gutierrez-urtiaga-9788436848625\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.edicionespiramide.es\/libro\/economia-y-empresa\/manual-practico-de-economia-financiera-maria-gutierrez-urtiaga-9788436848625\/<\/a> <\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b8b4c0a uael-faq-box-layout-yes align-at-left elementor-widget elementor-widget-uael-faq\" data-id=\"5b8b4c0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<div id='uael-faq-wrapper-153' class=\"uael-faq-wrapper\">\n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-9984785\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-9984785 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1-6a4d9f0a82b4c\">Bio<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><div>David Moreno is a tenured professor in the Department of Business Economics at the Universidad Carlos III in the area of Financial Economics and Accounting. In 2021, he was accredited as a University Professor by the Ministry of Universities in Spain.  <\/div><div>He holds a doctorate in Economic Sciences from the University of Alcal\u00e1 in Madrid (Spain), with an Extraordinary Doctorate Award, and a degree in Economics from the same university. Since 2009, he has been the Director of the Master in Finance at Universidad Carlos III, which is rated as the best finance master's program in Spain and one of the 30 best in the world (<a href=\"https:\/\/www.uc3m.es\/master\/finance\">https:\/\/www.uc3m.es\/master\/finance<\/a>).  <\/div><div> <\/div><div>He teaches Financial Economics in the Finance and Accounting and Business Administration degrees. He also teaches Portfolio and Fixed Income Asset Management in several Master's programs and in the Doctoral program. David Moreno's research focuses on different areas within investment funds, as well as various topics related to Asset Pricing and portfolio management.   <\/div><div> <\/div><div>He has published internationally in the Journal Financial Economics, Journal of Banking and Finance, Quantitative Finance, and European Journal of Operational Research, among others. He has also published nationally in journals such as the Revista Espa\u00f1ola de Financiaci\u00f3n y Contabilidad, among others. <br><br>David acts as an anonymous reviewer for journals such as: European Journal of Operational Research, Moneda y Cr\u00e9dito, Revista de Econom\u00eda Financiera, among others.<\/div><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-a14a01d\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-a14a01d uael-question-span\" tabindex=\"0\" id=\"uael-faq-2-6a4d9f0a82be3\">Publications<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Moreno, D., Antoli, M., &amp; Quintana, D.: \u201cBenefits of investing in cryptocurrencies when liquidity is a factor\u201d, Research in International Business and Finance, 2022, 63, 101751. <\/p><p>Mayoral, S., Moreno, D, &amp; Zareei, A.: \u201cUsing a Hedging Network to Minimize Portfolio Risk\u201d, Finance Research Letters, 2022, 44, 102044.<\/p><p>Moreno, D., Rodr\u00edguez, R. &amp; Zambrana, R.: \u201cManagement Sub-Advising in the Mutual Fund Industry\u201d, Journal of Financial Economics, vol. 127 (3), March 2018, 567-587<\/p><p>Moreno, D., Rodr\u00edguez, R. &amp; Malag\u00f3n, J.: \u201cIdiosyncratic volatility, conditional liquidity and stock returns\u201d, International Review of Economics and Finance vol. 53, January 2018, 118-132 <\/p><p>Moreno, D., Rodr\u00edguez, R. &amp; Malag\u00f3n, J.: \u201cThe Idiosyncratic Volatility Anomaly: Corporate Investment or Investor Mispricing?\u201d, Journal of Banking and Finance, vol. 60, November 2015, 224-23<\/p><p>Moreno, D., Matall\u00edn-S\u00e1ez, J.C. &amp; Rodr\u00edguez, R.: \u201cWhy is timing perverse?\u201d, The European Journal of Finance, vol. 21, 2015, 1334-1356<\/p><p>Moreno, D., Rodr\u00edguez, R. &amp; Malag\u00f3n, J.: \u201cTime horizon trading and the idiosyncratic risk puzzle\u201d, Quantitative Finance, vol. 15 (2), 2015, 327-343<\/p><p>Moreno, D., C\u00e1ceres, E. &amp; Rodr\u00edguez, R.: \u201cA study on short-selling constraints: total ban versus partial ban\u201d, Applied Economics Letters, vol. 22 (2), 2015, 99-103.<\/p><p>Moreno, D., Wang, C. &amp; Rodr\u00edguez, R.:\u201cAccurately Measuring Gold Mutual Fund Performance\u201d, Applied Economics Letters, vol. 21 (4), 2014, 268-271.<\/p><p>Moreno, D. &amp; Rodr\u00edguez, R.: \u201cOptimal Diversification across Mutual Funds\u201d, Applied Financial Economics, vol. 23 (2), 2013, 199-203.<\/p><p>Moreno, D. &amp; Rodr\u00edguez, R.: \u201cThe value of coskewness in mutual fund performance evaluation\u201d, Journal of Banking &amp; Finance, vol. 33, 2009, 1664\u20131676.<\/p><p>Moreno, D., Gil, J. &amp; Tapia, M. : \u201cPrice Dynamics, Informational Efficiency and Wealth Distribution in Continuous Double Auction Markets\u201d, Computational Intelligence, vol. 23 (2), 2007, 176-196.<\/p><p>Moreno, D., Gil, J. &amp; Tapia, M. : \u201cFormaci\u00f3n de precios en un mercado artificial de doble subasta continua\u201d, Revista Espa\u00f1ola de Financiaci\u00f3n y Contabilidad, vol. 36 (134), 2007, 235-260.<\/p><p>Moreno, D. &amp; Olmedo, I.: \u201cIs the predictability of emerging and developed stock markets really exploitable?\u201d, European Journal of Operational Research, 182 (1), 2007, 436-454.<\/p><p>Moreno, D., Marco, P. &amp; Olmeda, I.: \u201cSelf-Organizing Maps could improve the classification of Spanish Mutual Funds\u201d, European Journal of Operational Research, 174, 2006, 1039-1054.<\/p><p>Moreno, D. &amp; Rodr\u00edguez, R.: \u201cPerformance Evaluation considering the Coskewness: A Stochastic Discount Factor Framework\u201d, Managerial Finance, 32 (4), 2006, 375-392<\/p><p>Moreno, D., Marco, P. &amp; Olmeda, I.: \u201cRisk Forecasting Models and Optimal Portfolio Selection\u201d, Applied Economics, vol. 37, 2005, 1267-1281.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-44735b4 elementor-hidden-desktop elementor-hidden-tablet e-flex e-con-boxed e-con e-parent\" data-id=\"44735b4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-403c38f0 elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"403c38f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li 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