Publications

You can also find my articles on my Google Scholar profile.

Journal Articles

Financial knowledge and financial behavior: evidence from five Latin American countries before and during the COVID-19 pandemic

Published in International Journal of Bank Marketing, 2026

This study examines the relationship between subjective and objective financial knowledge and three financial behaviors (comparing products, seeking financial advice, and overspending) for individuals from Argentina, Colombia, Ecuador, Mexico, and Peru before and during the COVID-19 pandemic.

Co-authors: Maria Collazos-Ortiz, Julio Sarmiento-Sabogal, & Edgardo Cayon
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The application of proxy methods for estimating the cost of equity for unlisted companies: evidence from listed firms

Published in Review of Quantitative Finance and Accounting, 2021

This paper employs the Two Beta Decomposition Model (TBDM) to compute the cost of equity for unlisted companies via a proxy from listed firms, testing its performance alongside three traditional alternative models.

Co-authors: Julio Sarmiento-Sabogal, Mehdi Sadeghi, & Edgardo Cayon
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The disposition effect and the relevance of the reference period: Evidence among sophisticated investors

Published in Journal of Behavioral and Experimental Finance, 2019

This paper investigates the Disposition Effect using different units of measurement, finding that the effect is a short-term phenomenon associated with lower portfolio returns and higher volatility.

Co-authors: Julio Sarmiento-Sabogal, Jairo Rendon, & Edgardo Cayon
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Positive asymmetric information in volatile environments: The black market dollar and sovereign bond yields in Venezuela

Published in Research in International Business and Finance, 2017

This study tests the informational efficiency of Venezuelan USD sovereign bond yields, finding that capital controls and negative news regarding the parallel market exchange rate create distinct arbitrage opportunities.

Co-authors: Julio Sarmiento-Sabogal, Edgardo Cayon, & Maria Collazos-Ortiz
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Juan Sandoval