Lucio Fuentelsaz is Professor of Strategy and Entrepreneurship at University of Zaragoza, where he gained his PhD in 1993. He has been Visiting Scholar at Texas A&M University (one year, 1994) and Aston University (four months, 2015-2016). His research focuses on the analysis of the strategic decisions taken by firms and their consequences on firm performance, as well as on entrepreneurship and entrepreneurial decisions, where the focus lies in the relationship between the creation (and failure) of firms and the institutional context. His results have been published in some of the leading journals in the field, such as Strategic Management Journal, Journal of Management, Research Policy, Global Strategy Journal and Information Systems Research, and have been presented at the main national and international conferences. He has been (2014-2016), President of the Spanish Academy of Management (ACEDE, about 700 members) and Editor (2010-2014) of BRQ Business Research Quarterly, a journal indexed in JCR (Q2). He is currently Editor of Applied Economic Analysis and a member of the editorial board of BRQ Business Research Quarterly, International Journal of Financial Innovation in Banking and International Journal of Markets and Business Systems, as well as a regular reviewer for some of the main scientific management journals. Since 2008 he has directed the GEM project in the Autonomous Community of Aragon and since 2019 also leads the GUESSS project. He has also been principal investigator of several projects of the Spanish R&D Plan.
Address: Facultad de Economía y Empresa, Gran Vía, 2, 50005 Zaragoza (Spain)
Department: Dirección y Organización de Empresas, Universidad de Zaragoza
Phone: +34 976 754 471
e-mail: lfuente@unizar.es
Selected publications:
Fuentelsaz, L., González C., & González, M. (2025). Speed of promarket reforms and entrepreneurial innovation Small Business Economics. 
Ferrer-Serrano, M., Fuentelsaz, L., Gil-Lamata, M. (2024). More digitalization does not always imply more technology transfer: an analysis within the horizon Europe strategy. The Journal of Techonology Transfer
Fuentelsaz, L., Garrido, E., & González, M. (2021). Speed of institutional change and subsidiary performance: The moderating impact of home and host country learning. Global Strategy Journal, 12(1), 163-195.
Fuentelsaz, L., González, C., & Maícas, J.P. (2021). “High-growth aspiration entrepreneurship and exit. The contingent role of market-supporting institutions”, Small Business Economics, 57: 473-492.
Ferrer, M., Latorre, P., & Fuentelsaz, L. (2021). “The European Research Landscape under the Horizon 2020 lenses. The interaction between Science Centers, Public Institutions and Industry”, The Journal of Technology Transfer 46, 828-853.
Fuentelsaz, L., Garrido, E., & González, M. (2020). Ownership in cross-border acquisitions and entry timing of the target firm. Journal of World Business, 55(2), 101046.
Fuentelsaz, L., González, C., & Maícas, J.P. (2019), “Formal institutions and opportunity entrepreneurship. The contingent role of informal institutions”, BRQ Business Research Quarterly 22(1): 5-24.
Fuentelsaz, L., Maícas, J.P., & Montero, J. (2018), “Entrepreneurs and innovation: The contingent role of institutional factors”, International Small Business Journal, 26(6), 686-711.
Fuentelsaz, L., Gómez, J., & Palomas, S. (2016), “Interdependencies in the intrafirm diffusion of technological innovations: confronting the rational and social accounts of diffusion”, Research Policy, 45(5): 951-963.
Fuentelsaz, L., Garrido, E., & Maicas, J. P. (2015). A strategic approach to network value in network industries. Journal of Management, 41(3), 864-892.
Fuentelsaz, L., Garrido, E., & Maicas, J. P. (2015). Incumbents, technological change and institutions: How the value of complementary resources varies across markets. Strategic Management Journal, 36(12), 1778-1801.
Fuentelsaz, L., Gómez, J., & Palomas, S. (2012), “Production technologies and financial performance: The effect of uneven diffusion among competitors”, Research Policy, 41 (2): 401-413.
Fuentelsaz, L., & Gómez, J (2006), “Multipoint competition, strategic similarity and entry into geographic markets”, Strategic Management Journal, 27(5): 477-499.
Fuentelsaz, L., Gómez, J., % Polo, Y. (2002), “Followers’ entry timing: Evidence from the Spanish banking sector after deregulation”, Strategic Management Journal, 23 (3): 245-264.
Other publictions (reports):
Fuentelsaz, L., & González, C. (dir.) (2022). “Global Entrepreneurship Monitor, Executive report 2020-2021 Aragón” (in Spanish). ISSN: 2660-4558. Published yearly since 2008.
Fuentelsaz, L., & González, C. (dir.) (2021). “GUESSS Aragón. Entrepreneurship at University of Zaragoza” (in Spanish). Two editions, 2019 and 2021.
Fuentelsaz, L., González, C., & Montero, J. (2020). “The situation of entrepreneurship in Aragon in the face of COVID-19 crisis. Analysis and recommendations” (in Spanish). Asociación Observatorio del Emprendimiento en España. ISBN: 978-84-09-20945-3.
Degree in Business Administration:
- Dirección estratégica (Strategic Management)
Master in Management, Strategy and Marketing:
- Dirección estratégica (Strategic Management)
- Actividad emprendedora: perspectivas teóricas y empíricas (Entrepreneurship: theoretical and empirical approaches).