Fernando Ubeda Mellina

• PhD in Finance
• Professor (Assistant) at Autonomous University of Madrid

Trust in banking plays a significant role in promoting financial inclusion. Multinational banks (MNBs) have the potential to enhance trust by adopting sustainable banking practices. We investigate the impact of MNBs' adoption of ESG (Environmental, Social and Governance) practices on trust in banking in 38 developing countries. Using an instrumenta...

Este trabajo analiza cómo las prácticas empresariales responsables pueden contribuir a la resiliencia social en entornos de guerra. La literatura previa ha estudiado el papel de las empresas en el alivio de las consecuencias de diferentes shocks. Sin embargo, la importante brecha de la contribución de las acciones responsables para asegurar la resi...

Lack of access to banking generates inequality in the developing world; therefore, financial inclusion is a crucial objective of the Sustainable Development Goals. We investigate the impact of sustainable practices of multinational banks (MNBs) on financial inclusion. A sample of 275 MNBs, 16 developing countries, and 16,618 individuals yield robus...

The role of the financial sector is central in reducing income inequality – the goal of SDG 10 – by facilitating economic opportunities. However, institutional weaknesses may also undermine this effect. We argue that sustainable banking generates bidirectional trust to overcome institutional weaknesses, particularly the weak rule of law. Empirical...

This paper analyses the role that individual entrepreneurial orientation (IEO) plays in the success of international entrepreneurship moves. We focus on the mediation effect of international entrepreneurship in the relationship between IEO and firm performance. We argue that entrepreneurial experience constitutes an important source of IEO and prop...

This descriptive study uses data from 4 countries in the global South to measure the sustainability of domestic commercial banks over the period 2007-2019, focussing on the People’s Republic of China (PRC). We estimated the level of sustainability of the Chinese banking sector over the period 2007 to 2019, comparing it to Brazil, India, and Mexico....

This paper explores the moderating role of formal and informal institutions on the sustainable banking and financial development link. We compute an aggregated measure of sustainability in the banking sector for a sample of 46 countries for the period 2010-2018. Our results indicate that sustainable banking positively influences financial developme...

Este artículo analiza el papel que juega la orientación emprendedora individual (OEI) en el éxito de las iniciativas empresariales internacionales. Además, argumentamos que la experiencia emprendedora constituye una de las principales fuentes de OEI. Las hipótesis se analizan empíricamente utilizando un panel de 22 años de pymes familiares. Nuestro...

This study analyzes how environmental corporate social responsibility (ECSR) strategies contribute to enhancing innovativeness among small and medium-sized enterprises (SMEs) by developing technological resources. We test our hypotheses over an eight-year period using a panel of 2,405 industrial SMEs in Spain. We empirically find that ECSR drives t...

The new landscape in the financial sector, characterized by fierce competition and the entrance of new technological players, has forced banks to speed up their digital transformation. However, for banks, digitalization entails challenges that can hinder the potential benefits and compromise their survival. In this context, we argue that the reputa...

We analyse the implications for international banks of two contemporary megatrends: corporate sustainability (CS) and digitalization. The digital environment and the availability of massive data from customers generate asymmetric information for banks to the detriment of customers, who experience individual vulnerabilities such as privacy rights. T...

En este trabajo analizamos el efecto conjunto que ejercen la digitalización y la responsabilidad social corporativa (RSC) sobre la banca. La digitalización y los esfuerzos decididos hacia la sostenibilidad son capaces de transformar la naturaleza de los bancos, reduciendo simultáneamente su tamaño y ampliando su cartera de negocios. La RSC contribu...

We analyse the role of the complementarities between digitalization and corporate sustainability (CS) capabilities in defining the boundaries and scope of financial services firms. We found complementary digitalization and CS capabilities are able to transform firms' nature, simultaneously narrowing their boundaries and expanding their scope. CS co...

We empirically explore the innovation and corporate sustainability link using a large sample of worldwide banks for the period 2003–2016. Our results suggest that service innovation performance enhances the banking industry’s corporate sustainability. In addition, we contribute by proposing a conceptual framework for understanding the link between...

This paper shows that the effect of location in science and technology parks is not homo-geneous for all firms. The proposed model contemplates a non-linear relationship between belonging to a science and technology park and innovation performance, considering the firm’s absorptive capacity as a moderating variable. A panel dataset of firms located bot...

A fundamental, but overlooked stream of resource-based theory (RBT) is the analysis of combinations of initial heterogeneous resource endowments with homogeneous resources that are acquired in the market. These combinations can generate heterogeneous, specific non-tradable resources, which are a potential source of superior competitive advantage an...

This paper investigates the effect of foreign direct investment on productivity growth in the manufacturing industries of Spain. A theoretical model that includes the effects of technological gaps and absorptive capacity, both presenting nonlinear relationships is proposed. A sample of 2722 Spanish manufacturing firms from 1993 to 2006 was used. Th...

This paper explores the effect of foreign direct investment (FDI) on productivity growth in the manufacturing industries of Spain. We identified a nonlinear relationship between absorption capacity and FDI externalities in a pre-frontier sharing country. The domestic companies with a high absorption capacity benefit from positive spillover, and the...

Theory and previous evidences provide conflicting predictions concerning the growth effects of foreign direct investment (FDI). The mainstream ideas support FDI as an engine of employment, technological progress, productivity improvements, and ultimately economic growth. Because of these significant benefits, attracting FDI has become one of the in...

Multinational companies investing in communications, energy, transport and financial services, can have a differentiated effect in the host economy comparing with the one attributed to manufacturing investment. These companies are characterized by generation of an intermediate input aimed at practically the totality of an economy's sectors (interme...

Tesis doctoral inédita. Universidad Autónoma de Madrid, Facultad de Ciencias Económicas y Empresariales, Departamento de Financiación e Investigación Comercial. Fecha de lectura: 12-1-00 Bibliogr. : p. 240-254

Los servicios financieros constituyen bienes intermedios (inputs) y finales para el conjunto de los sectores de una economía, lo que los dota de una dimensión transversal. Dado que el output generado por estos servicios transversales afecta a la totalidad de la economía, cabe esperar que las externalidades derivadas de la entrada de la inversión di...

En el trabajo se han analizado los efectos de la salida de inversión directa española (IDE) sobre el crecimiento económico y las exportaciones de la economía española. En este sentido, se ha apreciado que en términos agregados el crecimiento del PIB y la productividad no sólo han favorecido la salida de la inversión directa española hacia el exteri...

According to foreign direct investment (FDI) path theory, developed countries are grouped into two phases, known as the fourth and fifth phases. Fourth-phase countries (newly developed economies) show a technological and institutional "gap" in comparison with fifth-phase economies, which explains their lesser capacity to generate direct investment....

El grado de multinacionalización de una economía, medido por el stock de inversión directa recibida y emitida, está relacionado con su estructura económica y con su nivel y proceso de desarrollo. La teoría del ciclo internacional de la inversión extranjera, en cuyo análisis se incorporan variables de desarrollo económico, permite clasificar a Españ...

El punto de partida para hacer referencia a la historia reciente de la economía española se puede fechar en 1960 cuando, como consecuencia de la aprobación del Plan de Estabilización de 1959, formalmente comienza su apertura exterior, dándose por termina-da la etapa de autarquía que siguió a la Guerra Civil (1936-1939). Desde comienzos de esta nuev...