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Dr José Manuel Liñares-Zegarra

José Manuel Liñares-Zegarra

BA, MSc, PhD

Honorary Senior Lecturer


José Manuel Liñares-Zegarra is a Senior Lecturer in Finance at the University of Essex and affiliated member of the Centre for Responsible Banking & Finance (RBF). He holds a PhD from the University of Granada (Spain). Previously, José was a Lecturer in Banking and Finance at University of St Andrews (2012-2015) and held visiting research positions at University of Illinois, Florida State University and the Institute of European Finance (Bangor University, UK).

His academic career combines both teaching and research in economics, banking and finance. He has been researcher for the Spanish Savings Banks Foundation and has also participated in several projects related to the banking industry for the Spanish Ministry of Science and Innovation, the Andalusian Autonomous Government and several financial institutions. In recent years, José Manuel has carried out various empirical studies in retail payments and consumer finances. He has published articles in journals such as the European Journal of Finance, Journal of Banking & Finance, Journal of Financial Services Research, Review of Network Economics, Social Science and Medicine, Moneda y Crédito, Papeles de Economía Española, Perspectivas del Sistema Financiero and Cuadernos de Información Económica.

For detailed information on José's academic and research activities, please visit his personal web page:

Research interests

  • Banking
  • Payment Economics
  • Financial Markets
  • Consumer and Household Finances
  • Microfinance and Financial Inclusion

Selected publications


Sticking it on plastic: credit card finance and small and medium sized enterprises in the UK
Brown, R. C., Linares Zegarra, J. M. & Wilson, J. O. S. 24 May 2018 (Accepted/In press) In : Regional Studies. In press
Research output: Research - peer-reviewArticle

CEO risk-taking incentives and socially irresponsible activities
Bouslah, K., Liñares-Zegarra, J., M'Zali, B. & Scholtens, B. 8 Feb 2018 In : British Accounting Review. 50, 1, p. 76-92 17 p.
Research output: Research - peer-reviewArticle

The size and growth of microfinance institutions
Linares-Zegarra, J. & Wilson, J. O. S. Feb 2018 In : British Accounting Review. 50, 2, p. 199-213 15 p.
Research output: Research - peer-reviewArticle

Identity Theft and Consumer Payment Choice: Does Security Really Matter?
Kahn, C. & Linares Zegarra, J. M. Aug 2016 In : Journal of Financial Services Research. 50, 1, p. 121-159
Research output: Research - peer-reviewArticle

Credit card interest rates and risk: new evidence from US survey data
Linares Zegarra, J. M. & Wilson, J. O. S. 2014 In : European Journal of Finance. 20, 10, p. 892-914
Research output: Research - peer-reviewArticle

Feedback Loop Effects in Payment Card Markets: Empirical Evidence
Carbó-Valverde, S., Linares Zegarra, J. M. & Rodríguez Fernández, F. 6 Nov 2012 In : Review of Network Economics. 11, 2
Research output: Research - peer-reviewArticle

How effective are rewards programs in promoting payment card usage?: Empirical evidence
Carbó-Valverde, S. & Linares Zegarra, J. M. Dec 2011 In : Journal of Banking & Finance. 35, 12, p. 3275–3291
Research output: Research - peer-reviewArticle

A cost-benefit analysis of a two-sided card market
Carbó-Valverde, S., Humphrey, D., Linares Zegarra, J. M. & Rodríguez-Fernández, F. 2008 In : Moneda y Crédito. 227, p. 7-36
Research output: Research - peer-reviewArticle



Does debt affect health? Cross country evidence on the debt-health nexus
Clayton, M., Linares Zegarra, J. M. & Wilson, J. O. S. 24 Apr 2014 Social Science Research Network, 29 p.
Research output: ResearchWorking paper