I Edition of the
“Jaime Fernández de Araoz Corporate Finance” Award

The team made up by Spaniard Arturo Bris and Christos Cabolis from Greece, both professors at Yale University, won the I Edition of the “Jaime Fernández de Araoz Corporate Finance” Award in 2005, with their paper titled “The value of investor protection: evidence based on international mergers”. The winners claim in their study that better corporate governance gives more value to shareholders.

  II Edition of the
“Jaime Fernández de Araoz Corporate Finance” Award

The winning authors of the II Edition of the “Jaime Fernández Araoz Corporate Finance” Award in 2007 were: María Guadalupe, from Columbia Business School, and Vicente Cuñat, from University Pompeu Fabra for their paper titled “Globalisation and the provision of incentives within the company: the effect of the international competition”

  III Edition of the
“Jaime Fernández de Araoz Corporate Finance” Award

The winning authors of the III Edition of the “Jaime Fernández Araoz Corporate Finance” Award in 2009 were: Viral Acharya and Raghuram Rajam (both of Indian nationality) and Stewart Myers (U.S. nationality), for their paper titled “The internal governance of companies”.