Maria Regina Lucia Lizares

Associate Professor
PhD (Business Administration), 2018, University of the PhilippinesMS Management, 2018, University of the PhilippinesMA International Business and Economic Development (with Distinction), 1995, University of Reading, EnglandMBA (Bilingual Programme), 1991, IESE, University of Navarra, SpainBSBA (Magna Cum Laude), 1988, University of the Philippines
Email: rmlizares@up.edu.phWeb: vsb.upd.edu.ph/faculty/lizaresTelephone: +632 928 4571 to 75Office: room 209, VSB Building, UP Diliman Campus
Curriculum Vitae
Research and Publications (click here to view all)

"Ownership concentration and board structure: Alignment and entrenchment effects in an emerging market." Managerial and Decision Economics. (2022, forthcoming)

"Corporate Financial Distress: The Case of Publicly-listed Firms in an Emerging Market Economy." Journal of International Financial Management and Accounting, vol. 32, no. 1, 2021, pp. 5-20. (With Carlos C. Bautista)

"Determinants of Labour Force Participation in the Philippines." Malaysian Journal of Economic Studies, vol. 57, no. 2, 2020, pp. 305-323. (With Carlos C. Bautista)

“Who Has the Power in Corporate Governance: Managers, Shareholders, or Board of Directors?", Chapter 4, Readings in Corporate Governance, UP Business Research Foundation, Inc. and Development Center for Finance, Inc., 2019, pages 73-102.
“The Multiplicity of Corporate Governance Theories: Agency, Resource Dependence, and Stewardship Theories", Chapter 2, Readings in Corporate Governance, UP Business Research Foundation, Inc. and Development Center for Finance, Inc., 2019, pages 27-48.
"Control and collaboration in Philippine conglomerates: an empirical study on the effects of board structural characteristics on firm performance," Asia Pacific Business Review, DOI: 10.1080/13602381.2019.1670979.
"The Impact of Corporate Diversification on Firm Performance," Philippine Management Review, Vol. 26, 2019.
"Assessment of the Conduct, Structure, and Performance of the Philippine Telecommunications Industry," Philippine Management Review, Vol. 25, 2018.
"Top Management Team Composition and Firm Performance," Philippine Management Review, Vol. 25, 2018.
"Graduate Business Program Admission Criteria and Student Graduate Academic Performance," Philippine Management Review, Vol. 24, 2017. Co-authored with Rahnema L, Rey M, Suan I, C Bautista
Firm Heterogeneity and Corporate Financial Distress, co-authored with C Bautista. VSB working paper No. 1605. (2016)
Market and Competitive Analysis of the Philippine Telecommunications Industry, co-authored with E Patalinghug. VSB working paper No. 1701. (2017)
Determinants of Labor Force Participation in the Philippines, co-authored with C Bautista. VSB working paper No. 1804. (2018)