Marc
Badia

Professor of Accounting and Control

• Ph.D. in Business Administration (Accounting), Columbia University
• M.Phil. in Business Administration, Columbia University
• MBA, IESE Business School
• Bachelor's Degree in Business Management and Administration, ESADE

Marc Badia is Deputy Dean of IESE Business School and professor in the department of Accounting and Control. He oversees the MBA and MiM programs. He earned his Ph.D. in Financial Accounting with distinction from Columbia University (New York).

His research interests focus on fair value accounting and the use of financial statement analysis for equity valuation. His research work has been published in top-tier academic journals such as the Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review and Contemporary Accounting Research. Outside academia, he has carried out consulting projects related to business valuation and quantitative trading strategies based on fundamentals. Currently, he supervises his family business.

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Areas of interest.

• Fair value accounting
• Accounting-based business analysis and valuation
• International financial accounting (IFRS)
• Trading strategies based on fundamentals

Publications

Journal Articles (refereed)

BADIA, M., DURO, M., JORGENSEN, B. N., ORMAZABAL, G. (2021). Disclosure regulation and competitive interactions. Evidence form the oil and gas industry. The Accounting Review, 96 (5), 1-29. doi:10.2308/TAR-2018-0436. BADIA, M., DURO, M., PEÑALVA, F., RYAN, S. (2021). Debiasing the measurement of conditional conservatism. Journal of Accounting Research, 59 (4), 1221-1259. doi:10.1111/1475-679X.12366. BADIA, M., DURO, M., JORGENSEN, B. N., ORMAZABAL, G. (2020). The Informational Effects of Tightening Oil and Gas Disclosure Rules. Contemporary Accounting Research, 37 (3), 1720-1755. doi:10.1111/1911-3846.12572. BADIA, M., BARTH, M. E., DURO, M., ORMAZABAL, G. (2020). Firm Risk and Disclosures about Dispersion of Asset Values: Evidence from Oil and Gas Reserves. The Accounting Review, 95 (1), 1 - 29. doi:10.2308/accr-52445. BADIA, M., DURO, M., PEÑALVA, F., RYAN, S. (2017). Conditionally Conservative Fair Value Measurements. Journal of Accounting and Economics, 63 (1), 75 - 98. doi:10.1016/j.jacceco.2016.10.006.

Cases

BADIA, M., SERRA, C., NANCE, C. (2020). Investing in Special Situations: SEACOR Marine Holdings. IESE, C-798-E. VÁZQUEZ-DODERO F.,, BADIA, M. (2003). Presscut (A). IESE, ASN-29-E. VÁZQUEZ-DODERO F.,, BADIA, M. (2002). Presscut (A). IESE, ASN-29. VÁZQUEZ-DODERO F.,, BADIA, M. (2002). Presscut (B). IESE, ASN-30. VÁZQUEZ-DODERO F.,, BADIA, M. (2002). Presscut (C). IESE, ASN-31.

Technical Notes

PEÑALVA, F., BADIA, M., DURO, M. (2022). Financial Assets. IESE, CN-243-E. PEÑALVA, F., BADIA, M. (2016). Accounting for Inventories. IESE, CN-234-E. PEÑALVA, F., BADIA, M. (2016). Noncurrent Assets. IESE, CN-236-E. PEÑALVA, F., BADIA, M. (2016). Long-Term Debt and Bonds. IESE, CN-238-E. PEÑALVA, F., BADIA, M. (2016). Consolidación. IESE, CN-240.