» FINANCE & ACCOUNTING «
ROY C. YBAÑEZ
roy.ybanez@up.edu.ph


Professor
EDUCATION:
M.A. Economics, 1975
University of the Philippines, Diliman, Quezon City, Philippines
A.B. Economics, 1972
University of San Carlos, Cebu City
FIELD OF EXPERTISE:

Finance

RECENT RESEARCH AND PUBLICATIONS:

Published

Co-editor and writer of chapters on “The Valuation of Common Stock” and “Portfolio Management” in the Investment Management and the Philippine Stock Market (2nd Ed.). Manila: Development Center for Finance and the FINEX Research and Development Foundation, Inc., 2003.

Co-authored with C. Guantes, “Capital Budgeting”, in E. Echanis, R. Rodriguez & M. Tipgos (editors).  Management Accounting and Control: Text and Philippine Cases.  Manila: Development Center for Finance, FINEX Research and Development Foundation, Inc. and FINEX-PACSB-CB-FUND, 2002.

“Return Rates on Financial Assets in the Philippines, 1987-2000”, BusinessWorld, January 4-5, 2002.

Co-editor and writer of chapters on “Captial Budgeting”, “The Capital Structure Decision”, “The Cost of Capital”, “Sources of Medium- and Long-Term Financing”, and “The Mathematics of the Time Value of Money” in the Philippine Corporate Finance. Textbook Edition. Manila: Development Center for Finance and the FINEX Foundation, 1998.

Co-authored with C. Bautista and G. Agulto, “The Behavior and Performance of the Philippine Commercial Banking Industry, 1980-1994”, in R. Rodriguez (ed.). The Philippine Financial Services Industry: Prospects and Challenges in the Next Decade, and presented at the Symposium on the Philippine Financial Services Industry, October 28, 1995, Manila.

“The Valuation of Common Stocks” and “Portfolio Management”, in Investment Management and the Philippine Stock Market. (A. Ilano and R.S. Mariano, eds.). Manila: Development Center for Finance, 1995.

Co-authored with Arturo Tolentino. “Ancillary Firm Development in the Philippine Automotive Industry”, in K. Odaka (ed.). The Motor Vehicle Industry in Asia. Singapore: Singapore University Press, 1983.

“The Hong Kong Bank in the Philippines, 1899-1941”, in F.H.H. King (ed.) Eastern Banking: Essays in the History of the Hong Kong and Shanghai Banking Corporation. London: Athlone Press, 1983.

“The Stock Price Adjustments to Stock Dividends on Ex-Date”, Philippine Management Review, 1995-1996. Also appeared in abridged form in the professional magazine, Portfolio, Volume 2, No. 3, April 1997.

“The Ex-Date Wealth Effect of Rights Offerings in the Philippines”, Philippine Management Review, December 1994. Also presented at the 7th Annual PACAP Finance Conference, Manila, July 6-8, 1995.

“Rates of Return on Stocks, T-Bills and Deposits in the Philippines, 1987-1992”. Philippine Management Review, November 1992.

“Initial Public Offerings (IPOs) in the Philippines”, Philippine Management Review, Volume 4, No. 1, December 1993. Also in Asian Capital Markets: Strategic Investing in Asia (L.C. Clemente and R.S. Mariano, eds.), pp. 219-234. New York: Asian Securities Industry Institute, 1994.

“Philippine Financial Markets Development: A Decade of Deregulation”, Philippine Management Review, November 1992.

Unpublished

“Revisiting IRR and NPV”, Joaquin Cunanan & Co. Professorial Chair Lecture, December 2002. 

“Real Options and Capital Budgeting”, Joaquin Cunanan & Co. Professorial Chair Lecture, December 1999. Also appeared in abridged form in Development Center for Finance, Technical Notes, Volume 2, No. 1, July 2000.

“Rights Offerings: Good News or Bad News?” Joaquin Cunanan & Co. Professorial Chair Lecture, December 1998.

“On the Estimation of the Cost of Capital in the Philippines” Joaquin Cunanan & Co. Professorial Chair Lecture, December 1997.

“Interest Rates and Spreads of the Commercial Banking Industry” ISSI Professorial Chair Lecture, December 1995.

“Some Evidence on the Demand for Money in the Philippines, 1975-1985”, Discussion Paper 87-1, Business Research and Publications Program, UPCBA, January 1987.

“The Internal Rate of Return (IRR) and Reinvestment Issue Revisited”, Discussion Paper 86-5, Business Research and Publications Program, UPCBA, May 1986.

“The Cost of Retained Earnings: The Case of a Transactions Tax on Common Stocks”, Discussion Paper 85-10, Business Research and Publications Program, UPCBA, August 1985.

Co-authored with F. Cantoria, B. Aragon, E. Echanis, E. Pineda, R. Rodriguez and A. Solis, “Currency Levels Study for the Central Bank of the Philippines”, Discussion Paper 83-4, Business Research and Publications Program, UPCBA, 1983.

Co-authored with N. Poblador, B. Aragon and A. Solis, “Studies on the Wood-Based Furniture, Leather Products, and Footwear Manufacturing Industries of the Philippines”, PIDS Working paper No. 83-01, Philippine Institute for Development Studies.

“On the Relationship Between MBA Admissions Criteria and Student Grade Performance: A Regression Analysis”, Discussion Paper 84-21, Business Research and Publication Program, UPCBA, December 1984.

Awards

Gawad Chanselor awardee as "Pinakamahusay na Mananaliksik (Management)", 1996

 

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