Gaizka Ormazabal

Gaizka Ormazabal

IESE Business School

Gaizka Ormazabal is associate professor of accounting and control at IESE Business School. His research focuses on executive compensation and corporate governance and examines the choice and valuation implications of corporate governance mechanisms. His current research projects analyze managerial risk-taking incentives, corporate risk oversight, financial regulation, asset securitization, and the role of corporate governance intermediaries.

His research appears in leading academic journals including Journal of Accounting and Economics, Journal of Financial EconomicsJournal of Law and Economics, and The Accounting Review. His research has also been featured in popular media such as the Wall Street Journal, the New York Times, and The Economist, and has been cited in final rulings by the U.S. Securities and Exchange Commission.  

Professor Ormazabal is a research affiliate in the Financial Economics program of the Center for Economic Policy Research (CEPR) and research member in the European Corporate Governance Institute (ECGI). He holds the Grupo Santander Chair of Financial Institutions and Corporate Governance and serves as academic director at the IESE Center for Corporate Governance.