When it comes to research, Prof Santaló has focused on the intersection between Corporate Governance and Corporate Strategy. For example, Prof Santaló has studied under what specific industry conditions corporate diversification creates or destroys shareholder’s value. He has also investigated how different corporate governance mechanisms like the composition of the board of directors or the market of corporate control substitute or complement each other to alleviate the traditional agency problem in corporations.
More recently, Prof Santaló has explored in depth the connections between Antitrust or Competition Policy and Business Strategy. This ongoing research is being done under the umbrella of the newly created Observatory of Competition Policy at the IE. His latest research line looks at environmental management problems. In this area, Prof Santaló has analysed the relationship between corporate governance and firm environmental performance.
