Author guidelines


Análisis Financiero publishes theoretical and empirical works as well as essays that have an application inside the field of corporate finance, financial markets and its institutions, corporate governance and other issues that enrich the knowledge of financial analysis. Therefore, it admits originals with well-founded theoretical contributions, empirical works that are well motivated from a theoretical point of view, advances in the practical application of the foregoing and essays that show ideas, approaches or novel methods of analysis. All of the above mentioned, should relate to the subject of the magazine and they must have utility for improving the analysis and valuation in the financial and corporate scope. All received works that meet the conditions previously mentioned will be reviewed anonymously by two external experts in the topic.


Papers submitted for possible publication can be drafted in Spanish or English language, they must be unpublished, and not subject to process of acceptance or publication elsewhere.

The originals should be sent in Word or PDF, to the email address , following the instructions below that are also available on the website of the magazine. The works received will undergo double blind peer review process.


Manuscripts submitted should not exceed 30 double-spaced typewritten pages, including text, tables, graphs, notes and bibliographic references.

The first page should contain the following information: a) the title of the paper, b) the complete name of the author/s, c) the university, institution or corporation, d) the address, phone and e-mail, e) for papers with more than one author, it must be included the name, address, telephone and mail of the contact author, and f) a footnote will be included with the acknowledgments.

The second page will include the title, an abstract with a maximum of 150 words and keywords (three to five). All of them should be in Spanish and English.

The manuscripts will be written double-spaced, with margins of 2.5 cm and font Arial 12. All pages should be correlatively numbered except for the first two. The bibliographical references, tables and graphs should be typed on separate pages at the end of the text. Tables and figures should be numbered and refer to them in the text (if they were not original, be provided the source from which they come). The notes shall be placed as footnotes, numbered consecutively in Arabic numerals.

References will be quoted in the Harvard system. When the name of an author appears in the text, the date is inserted in parentheses immediately after the name. For example, Myers (1984), or if there are two authors: Jensen and Meckling (1976). If more than two: Cox et al. (1979).

References will be included at the end of the text, under the name of Bibliographic References. Only those references previously quoted in the text may appear. They should be alphabetically arranged by authors as follows:

- For books or monographs:
Fama, E. and Merton, M. 1972: The Theory of Finance. Dryden Press. Hinsdale (ill.).
- For articles:
Jensen, M. and Meckling, W., 1976: Theory of the Firm: Managerial behavior, agency costs and ownership structure,Journal of Financial Economics 3, 305-360.
- Book chapters:
Arnot, R., 1998: Investment Strategy, in: Bernstein, P. and Damodaran, A. eds. Investment Management, John Wiley. New York 230-250.
- Internet document:
Vélez-Pareja, I., 2003: Optimal Portfolio Selection: A Note, Working Paper, available at  [accessed November 5, 2009]. 

It is important that the language in which you write the article is understandable to facilitate the dissemination of the exposed ideas among the audience addressed by this journal. Therefore, as far as possible, authors should avoid mathematical expressions in the text and when included they should be numbered and accompanied by an explanation of them. The demonstrations shall be included in an Appendix.

In order to standardize the works and facilitate the understanding it is recommended that there is an initial section of introduction, which explains the background and purpose of the work, and a last one with the conclusions, which clearly summarizes the contributions of the work for financial analysis (purpose of the magazine). The References and Appendices will appear later.

The decision to publish the manuscripts received corresponds to the Editorial Board after considering the reports of the evaluators (two, at least) and checking that the work sticks to the topics covered in the magazine.


The authors must send an introduction letter to the Editing Committee of the journal indicating the following:

a) Publication and Authorship.
A declaration that the content of the article is original and that it has not been published previously nor has it been submitted for consideration to any other publication, in whole or in part. Análisis Financiero does not consider manuscripts that have been simultaneously submitted to other journals, redundant or duplicate publications for publication; that is, articles that substantially coincide with another work that is already published, printed, or in electronic media. In this regard, it is the authors’ responsibility to provide information on any previous or duplicated publication or the presentation of any part of the work in another journal or means of communication. These restrictions are not applicable to summaries published in reports, papers, or domestic or international scientific meetings. The authors must be aware of the fact that failure to reveal that the material submitted for publication has already been completely or partially published constitutes a serious violation of scientific ethics. In the same manner, authors who reproduce previously published materials in their article (text, tables, or images) are responsible for obtaining the necessary permission to reproduce these materials in Análisis Financiero. The authors must have obtained written authorization from both the author as well as the editorial staff that has published this material and supply a copy of these authorizations to Análisis Financiero.

b) Author’s responsibilities
Authors are obliged to participate in peer review process. Authors are obliged to show a list of references in their papers (plagiarism is against the scientific ethics). Authors must say if the paper has had any financial support showing no conflict of interests exist about it. They will assure the data used in the research are real and authentic (not fraudulent). They are obliged to provide retractions or corrections of mistakes.

c) Peer review / responsibility for the reviewers
Judgments should be objective and fully confidential. Reviewers should have no conflict of interest with respect to the research. Reviewers should point out relevant published work, which is not yet cited.

d) Editorial responsibilities
Editors of Análisis Financiero have complete responsibility and authority to reject/accept an article. They will not have conflict of interest with respect to articles they reject/accept. Editors will only accept a paper when they are reasonably certain that errors found have been removed or corrected, and if not they will promote publication of correction or retraction. Anonymity of reviewers is guaranteed.


The referral of works to the direction of the Journal provides explicit acceptance of these rules of selection and evaluation, and the results thereof.
The articles published are property of the Spanish Institute of Financial Analysts (IEAF), which administers copyrights and copies of them.


- Title: Financial Analysis
- ISSN: 0210-2358
- Years beginning publication: 1973
- Frequency: Quarterly
- Editor: Spanish Institute of Financial Analysts
- Editor's Address: Avenida del Brasil, 17 to 3 º A-B. 28020-Madrid
- Databases that index: Dialnet and Compludoc
- Unesco Classification: 531,102 Financial Management
- JEL Classification: G- Financial Economics
- Universal Decimal Classification: 336, 336.7
- Area of expertise: Financial Economics and Accounting

Submission of works
The works will be sent by e-mail in Word or PDF to the following address:

The decision to publish the originals corresponds to the Director and, where appropriate, to the Editorial Board.

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