Research

Publications & Impact

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Research

Journal Articles

  1. Ramírez-Solís, E.R., & Bernal Ponce, L.A. (2026). ESG integration and financial outcomes in Mexican family firms: a pathway to sustainable growth. European Business Review.
  2. García, R., Bernal Ponce, L.A., & Ramírez, A. (2026). M&A between financial services firms or banks and fintech's. EconoQuantum, 23(1), 105–126.
  3. Bernal Ponce, L. Arturo, Ramírez Rocha, A., & Pérez Navarro, R. (2021). A causality approach in the analysis of the trade-off between financial sustainability and outreach. Finance Research Letters, 101920. doi.org/10.1016/j.frl.2021.101920 — cited by 6
  4. Bernal Ponce, L. Arturo, Castillo Ramírez, C. E., & Venegas-Martínez, F. (2020). Impact of exchange rate derivatives on stocks in emerging markets. Journal of Business Economics and Management, 21(2), 610–626. — cited by 24
  5. Bernal Ponce, L.A., Pérez Navarro, R., & Ramírez Grajeda, M. (2020). Causality between Chinese investment in Latin America and the governance indicators. Competition and Regulation in Network Industries, 21(1), 6–17. — cited by 8
  6. Ramírez Rocha, A., Cervantes Zepeda, M., & Bernal Ponce, L. A. (2019). The determinants of outreach and profitability in MFI's: a structural equation approach. Revista Mexicana de Economía y Finanzas, 14(1), 129–146. — cited by 14
  7. Ramírez Rocha, A., Cervantes Zepeda, M., & Bernal Ponce, L. A. (2019). Mediation effect of interest rates on MFIs' financial performance. Contaduría y Administración, 64(3), 1–18. — cited by 4
  8. Ramírez Rocha, A., Bernal Ponce, L. A., & Cervantes Zepeda, M. (2019). Differences in the interest rates of microfinance institutions in some markets economies: An HLM approach. Estudios Económicos, 34(2), 275–307. — cited by 3
  9. Cervantes, M., Montoya, M. A., & Bernal Ponce, L. A. (2017). The contrasts of microcredit and some unresolved institutional challenges of microfinance: evidence from Mexico. EconoQuantum, 14(1), 105–124. — cited by 6
  10. Bernal Ponce, L. Arturo, & Pérez Navarro, R. (2016). Effect of public-private infrastructure investment on economic growth. Network Industries Quarterly, 18(2), 10–12. — cited by 13
  11. Cervantes Zepeda, M., Montoya Bayardo, M. A., & Bernal Ponce, L. A. (2016). Effect of the Business Cycle on Investment Strategies: Evidence from Mexico. Revista Mexicana de Economía y Finanzas, 11(2), 39–49. — cited by 2
  12. Bernal, L.A., & Vázquez, X. (2015). Financiamiento y crecimiento económico en las Entidades Federativas de México. Revista de Administración, Finanzas y Economía, 9(1).
  13. Bernal Ponce, L.A., & Venegas-Martínez, F. (2011). Impacto de los productos derivados en los objetivos de política monetaria: un modelo de equilibrio general. Estudios Económicos, 26(2), 187–216. — cited by 8
Research

Book Chapters

  1. Bernal, L., Guízar, I., & Vázquez, X. (2021). Inclusive Hedging: The Microinsurance Catalyst. In A. Cuervo-Cazurra & M. Montoya (Eds.), Innovating for the Middle of the Pyramid in Emerging Countries (pp. 293–319). Cambridge University Press. doi.org/10.1017/9781108647731.011
  2. Pérez, R., Bernal, L., & Guízar, I. (2021). Causalidad entre el consumo energético sectorial y el crecimiento económico. In M. Tinoco, V. Torres, & F. Venegas-Martínez, Los desafíos de la economía mexicana (pp. 91–108). Universidad de Colima.
  3. Bernal, L.A., & Guízar, I. (2018). Mining Companies. In Mexican Multinationals: Building Multinationals in Emerging Markets. Cambridge University Press. doi.org/10.1017/9781108616843.005
  4. Pérez, R., Bernal, L.A., & Montalvo, R. (2018). Macroeconomy and stock markets using MIDAS. In Nonlinear Time Series and Finance: Theory and Applications in Emerging Markets, Vol. 3. Universidad de Guadalajara.
  5. Pérez, R., Bernal, L.A., & Montalvo, R. (2017). Efecto del desarrollo del mercado accionario sobre la volatilidad del tipo de cambio: el caso de Chile y México. In Modelos para la toma de decisiones en la Ingeniería Económica y Financiera: un enfoque estocástico, Vol. 3. UAEH, IPN y Porrúa.
Research

International Conference Presentations

  • 2024"ESG Integration and Financial Outcomes in Mexican Family Firms: A Pathway to Sustainable Growth." Strategic Management Latin America (SMLA), Guadalajara, Mexico.
  • 2024"M&A between financial services firms or banks and fintech's." Strategic Management Latin America (SMLA), Guadalajara, Mexico.
  • 2023"M&A between financial services firms or banks and fintech's." Elsevier Finance Conference, Rio de Janeiro, Brazil.
  • 2020"Causality between financial sustainability and outreach in MFIs." Annual Event of Finance Research Letters, Sustainable Finance Conference, Puerto Vallarta, Mexico.
  • 2018"Impact of political stability, regulation and corruption on Chinese investment in Latin America." Seminar: "The Other Side of the Silk Road," Journal of Competition and Regulation in Network Industries, Lima, Peru.
  • 2018"Equilibrio de largo plazo entre los ciclos del sector financiero y el sector real a nivel sub-soberano." VIII Congreso de Investigación Financiera FIMEF, Monterrey, N.L.
  • 2018"Mediation effect of interest rates on MFIs' financial performance." BALAS Annual Conference, San Diego, CA.
  • 2017"Behavioral Discount Rate for Entrepreneurs: The Effect of Overconfidence." CLADEA, Riverside, CA.
  • 2017"Behavioral Discount Rate for Entrepreneurs: The Effect of Overconfidence." VII Congreso de Investigación Financiera IMEF, Edo. Mex.
  • 2016"Currency Risk and Hedging Strategies of Multinationals." Global Finance Conference, Fresno, CA.
  • 2016"Currency Risk Hedging on Multinationals." Global Strategy and Emerging Markets Conference, Miami, FL.
  • 2014"Extent and Effect of Currency Risk Exposure on Multinationals." International Finance Conference, Mexico City.
Research

Student Advising

Graduate research supervision and committee service.

  • 2024Co-advisor, Master's in Computer Science — "Explainable AI for S&P500 Stocks Trading"
  • 2018Advisor, PhD in Financial Science — "Relationship between the financial system and economic growth: A regional cointegration approach"
  • 2017Committee Member, PhD in Financial Science — "Determinant factors for microfinance institutions' financial performance and outreach: A structural equations model approach"
  • 2017Committee Member, PhD in Financial Science — "Does leverage matter for Latin American companies? A holistic analysis of the relationship leverage–firm value"
  • 2017Committee Member, PhD in Financial Science — "Resiliencia financiera de entidades de microcrédito a choques de clima"
  • 2017Committee Member, PhD in Financial Science — "Modelo de Valuación Estratégica y Financiera para Empresas de Capital Semilla en México: Una Aproximación Conductual"