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Dr. Madeleine Balane-Estabillo

Assistant Professor

Educational Background

Dr. Madeleine Balane-Estabillo holds a double degree in BS Applied Economics and BS Commerce, Major in Management of Financial Institutions from De La Salle University-Manila. She earned her Master’s degree from the University of York, United Kingdom, and completed her PhD at De La Salle University-Manila, spending her final year as a visiting research student at Nanyang Technological University, Singapore.

Her research focuses on Corporate Finance, Behavioral Finance, and Development Economics, exploring the dynamics of financial decision-making, governance structures, and economic development. In addition to her research, she teaches Introduction to Microeconomics, Financial Statement Analysis, and Financial Economics, equipping students with a strong foundation in economic principles and financial analysis.

Areas of Interest

  • Corporate Finance
  • Behavioral Finance
  • Development Economics

Selected Publications

  • “Effect of Firm Characteristics and Corporate Governance Practices on Earnings Management: Evidence from Publicly Listed Property Sector Firms in the Philippines” (Joint with C. Cudia and A. Cruz), Vision: The Journal of Business Perspective, 25(1), 77–87, 2020. https://doi.org/10.1177/0972262920953428
  • “Central bank independence and macroeconomic performance: a simultaneous equations approach” (Joint with H. Flordeliza, S. Kho, and A. Torres) Journal of International Finance and Economics, 10(2), 96-101, 2010.

GET IN TOUCH WITH US

St. La Salle Hall, De La Salle University
2401 Taft Avenue, Malate 1004, Manila, Philippines

School of Economics (LS 221)
Trunkline: +632 85244611 local 380
Direct Line: +632 85264905Economics Department (LS 324)
Trunkline: +632 85244611 local 137