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Paolo Saona, Ph.D.


Department of Business and Economics
Finance


Education

Ph.D. in Finance, University of Valladolid, Valladolid, Spain
Master of Business Administration (MBA), Austral University of Chile, Valdivia, Chile
B.S. Degree in Business, Austral University of Chile, Valdivia, Chile

Practice Areas

  • Corporate Finance
  • Corporate Governance
  • Environmental, Social, and Governance (ESG) Decisions
  • Family Firms
  • Financial Systems
  • Financial Decisions (mainly Capital Structure)
  • Ownership Structure

Publications and Media Placements

Journals

Saona, P., San Martín, P., and Vallelado, E. (2024). "The Zero-Debt Puzzle in BRICS Countries: Disentangling the Financial Flexibility and Financial Constraints Hypotheses", Emerging Markets Review, 61, 101163. doi.org/10.1016/j.ememar.2024.101163. (2023 JCR Impact Factor 4.800, Q1)  

Saona, P., Muro, L., San Martín, P. and McWay, R. , Gender in Management: An International Journal, 39(1), 18-51. doi:10.1108/GM-04-2021-0113. (2022 JCR Impact Factor 3.700, Q3)

Saona, P., Muro, L., and López-Quesada, E. (forthcoming – accepted for publication). "An Integrated Corporate Governance Index for Spain: From Construction to Construct Validity", Spanish Accounting Review. (2022 JCR Impact Factor 1.800, Q3)

Saona, P., Muro, L. and Gregoriou A. (2023)., Research in International Business and Finance, 66, 102012. https://doi.org/10.1016/j.ribaf.2023.102012. (2022 JCR Impact Factor: 6.500, Q1)

Tahani, T., Nasrin, F., Saona, P. and Azad, M. (forthcoming – accepted for publication). "Revisiting the Impact of Board Characteristics on Environmental, Social, and Governance (ESG) Performance: Lesson from European Firms", International Journal of Sustainable Economy. doi:10.1504/IJSE.2024.10053959. (2021 Scopus Index CiteScore: 1.5, Q3)

Tahmid, T., Hoque, M. N., Said, J., Saona, P. and Azad, M. (2022). . Cogent Business & Management, 9(1), 2144098. doi:10.1080/23311975.2022.2144098. (2021 Scopus Index CiteScore: 2.9, Q2)

Safiullah, M., Akhter, T., Saona, P. and Azad, M. (2022). . Journal of Behavioral and Experimental Finance, 35, 100721. https://doi:https://doi.org/10.1016/j.jbef.2022.100721. (2021 JCR Impact Factor: 8.222, Q1).

Saona, P., San Martín, P. and Cid, C. (2022). , Economic Research-Ekonomska Istraživanja. 35(1): 3138-3167. https://doi:10.1080/1331677X.2021.1986673. (2021 JCR Impact Factor: 3.080, Q2).

Mumu, J., Saona, P., Haque, M., and Azad, M. (2022) , Gender in Management: An International Journal, 37(3): 328-343. (2021 JCR Impact Factor: 3.337, Q2)

Mumu, J., Saona, P., Mamun, M. A., and Azad, M. (2022). , Journal of Internet Commerce, 21(2): 217-245. (2021 Scopus Index CiteScore: 6.7, Q1).

Mehedi Hasan, I., Paolo, S., Muhammad Tofazzel, H., Shahnur Azad, C., & Md. Abul Kalam, A. (2022). . Bangladesh Journal of Integrated Thoughts, 17(2). doi:10.52805/bjit.v17i2.244

Azad, M., Talib, M., Kwek, K., and Saona, P. (2021). , Journal of Intelligent & Fuzzy Systems, 40(2): 1921-1933. (2019 JCR Impact Factor: 1.851).

Agudelo, G., Franco, L., and Franco-Ceballo, L., and Saona, P. (2021). , Journal of Intelligent & Fuzzy Systems, 40(2): 1751-1759. (2019 JCR Impact Factor: 1.851).

Saona, P. and Azad, M. (2020) , Asia-Pacific Journal of Financial Studies, 49(4): 581-624. (2019 JCR Impact Factor: 0.578).

Saona, P., Muro, L., San Martín, P., and Cid, C. (2020) , Economic Research.(in press, 2018 JCR Impact Factor: 1.381).

Mellado, C. and Saona, P. (2020) , Research-Ekonomska Istraživanja, 1-40. (in press, 2018 JCR Impact Factor: 1.381).

Saona, P., Vallelado, E., and San Martín, P. (2020) , Journal of Business Research.(in press, 2018 JCR Impact Factor: 4.028). 

Saona, P., Muro, L., and Alvarado, M. (2020). , Journal of International Financial Management & Accounting, 31(1), 98-133. (2018 JCR Impact Factor: 1.478).

Saona, P., Jara, M., López, F. and San Martín, P. (2019). , BRQ-Business Research Quarterly, 22(4), pp. 257-274.(2018 JCR Impact Factor: 3.250).

Saona, P., Muro, L, San Martín P., and Baier-Fuentes, H. (2019).  Technological and Economic Development of Economy, 25(4), pp. 634-663. (2018 JCR Impact Factor: 4.344).

Jara, M., López-Iturriaga, F., San Martín, P., Saona, P., & Tenderini, G. (2019).  The North American Journal of Economics and Finance, 48(1), pp. 321-337. (2018 JCR Impact Factor: 1.199).

Saona, P. and Azad, M. (2018). Journal of the Asia Pacific Economy,23(3), 428-446.(JCR Impact Factor: 0.667).

Saona, P., San Martín, P., and Jara, M. (2018). . Emerging Markets Finance and Trade, 54(14), 3312-3329. (JCR Impact Factor: 0.828).

Saona, P., and Muro, L. (2018). . Emerging Markets Finance and Trade, 54(12), 2736-2764. (JCR Impact Factor: 0.828).

Saona, P., and San Martín, P. (2018). . Review of Managerial Science, 12(1), 65-112. (JCR Impact Factor: 1.483).

Azad, M. A. K., Munisamy, S., Teng, K. K., Talib, M. B. A., & Saona, P. (2018). . Global Business Review, 19(4), 1013-1025. (2017 Scopus Index CiteScore: 0.88).

Vallelado, E., Saona, P., and San Martín, P. (2017). . Journal of Business Economics and Management, 18(1), 116-130. (JCR Impact Factor: 1.503).

San Martín, P., and Saona, P. (2017). . Research in International Business and Finance, 40(1), 163-174. (Scopus Index CiteScore: 1.80).

Azad, M. A. K., Munisamy, S., Masum, A. K. M., Saona, P., and Wanke, P. (2017). . Eurasian Business Review, 7(2), 287-311. (Scopus Index CiteScore: 1.39).

Saona, P., and San Martín, P. (2016). . International Review of Law and Economics, 47(1), 84-95. (JCR Impact Factor: 0.570).

Saona, P. (2016). . International Review of Economics & Finance, 45(1), 197-214. (JCR Impact Factor: 1.261).

Saona, P. (2014). . Review of Managerial Science, 8(4), 575-604. (JCR Impact Factor: 0.857).

Saona, P., and Vallelado, E. (2014). . Academia Revista Latinoamericana de Administración, 27(2), 183-208. (JCR Impact Factor: 0.205).

Saona, P., Jara, M., and Moreno, M. (2014). . Emerging Markets Finance & Trade, 50(Supplement 1), 265-293. (Scopus Index CiteScore: 0.73).

Jacques, V., Saona, P., Raddatz, M., and Vergara, G. (2013). "Analysis of The Convergence Process in The Academic Performance: The Case of a Chilean University". Economics and Finance Review, 3(5), 17-25.

Jara, M., Moreno, M., and Saona, P. (2012). . Academia, Revista Latinoamericana de Administración, 50, 44-65. (JCR Impact Factor: 0.162)

Saona, P., and Vallelado, E. (2012). . Spanish Journal of Finance and Accounting, XLI(156), 471-495. (Scopus Index CiteScore: 0.18).

Vallelado, E., and Saona, P. (2011). . International Journal of Banking, Accounting and Finance, 3(4), 258-293. (Scopus Index CiteScore: 0.16).

Saona, P. (2011). . International Journal of Business and Social Science, 2(22), 255-269.

Jacques, V., and Saona, P. (2011). . Teoría de la Educación: Educación y Cultura en la Sociedad de la Información, 12(1), 340-358.

Saona, P., and Vallelado, E. (2010). .

Books

Saona, P. (2011). (1st. ed.). Saarbrücken, Germany: Editorial Académica Española.

Book chapters

Saona, P. and Muro, L. (2023). . In O. M. Lehner, T. Harrer, H. Silvola, & O. Weber (Eds.), The Routledge Handbook of Green Finance (1st ed., Vol. 1st, pp. 22). London: Routledge.

Saona, P., Naznin, A., Md. Abdullah Al, M. and Md. Abul Kalam, A. (2021). . In H. Md. Rakibul & R. E. Bashaw (Eds.), Cross-Border E-Commerce Marketing and Management (pp. 30-53). Hershey, PA, USA: IGI Global.

Saona, P., Slocum, A., Muro, L., and Moreno, G. (2017). . In O. L. Emeagwali (Ed.), Corporate Governance and Strategic Decision Making (pp. 177-198). Rijeka: InTech.

Vallelado, E., San Martín, P., and Saona, P. (2014). . In T. Lindblom, S. Sjögren & M. Willesson (Eds.), Financial Systems, Markets and Institutional Changes (1st ed., Vol. 1, pp. 61-79). New York, NY: Palgrave Macmillan.

Saona, P. (2009). . In F. López (Ed.), Codes of Good Governance Around the World (pp. 87-98). New York, NY: Nova Science Publishers, Inc.

Book editor

Book , edited by Paolo Saona, IntechOpen. London, UK. (2018).

Other publications

Ahmad, N., Akhter, T., Saona, P., Raihan, M., and Azad, M. (forthcoming – accepted for publication). "Impact of Stock Market Capitalisation on Firm Performance: Revisiting the European Firms". International Journal of Financial Services Management

Kabir, A., Ikra, S., Saona, P., and Azad, M. (2023). ". LBS Journal of Management & Research. doi:10.1108/LBSJMR-06-2022-0022.

Borders, L., Azad, A., Muro, L., and Saona, P. (2022). . United Nations Department of Global Communications, United Nations Academic Impact and Utah Valley University. Vol II, pp. 19-42. ISBN 978-84-1325-164-6.

Ifti, M., Saona, P., Hossain, M., Chowdhury, S., and Azad, M. (2022). . Bangladesh Journal of Integrated Thoughts, 17(2). doi:10.52805/bjit.v17i2.244.