III Premio “Jaime Fernández de Araoz”. Impulso al estudio sobre “Corporate Finance”.
Expansión – 21 November 2008
Research into corporate finance in Spain is plentiful in both quality and quantity, as proved by its publication in the best international journals. Further stimulus for progress in this area is provided by the Jaime Fernandez de Araoz Award, which is calling for papers for its third edition – a particularly significant edition given the current financial and economic climate, comments Luis de Giundos, president of the Award Jury and former State Secretary for Economic Affairs. This edition is being sponsored by CUNEF (University College of Financial Studies) and Universia, two prestigious organisations that are benchmarks of academic and university excellence.
The Prince presents the Award at the II Edition “Jaime Fernández de Araoz Award”. Esperanza Aguirre and David Vergara attended the ceremony
Expansión “Corporate Finance” 30 May 2007
The leading representatives of the Spanish financial world met yesterday at the second Edition of the “Jaime Fernández de Araoz Corporate Finance” Award (the only one of its kind in Spain). His Royal Highness Prince Philip presented the Award to María Guadalupe and Vicente Cuñat (professors of finance at Columbia Business School and Pompeu Fabra University, respectively) for their paper “Globalisation and the provision of incentives within the company: the effect of international competition”.
The II Edition of the “Jaime Fernández de Araoz” Award takes an in-depth look at executive salaries.
Expansión “Corporate Finance” 23 May 2007
The II Edition of the “Jaime Fernández de Araoz Corporate Finance” Award – the only one of its kind in Spain – has recognised the growing relevance of the link between executive salaries and increasing international competition. This is how the Jury saw it by giving the Award to the paper “Globalisation and the provision of incentives within the company: the effect of international competition”, by María Guadalupe and Vicente Cuñat, professors of finance at Columbia Business School and Pompeu Fabra University, respectively. His Royal Highness Prince Philip will present them with the Award, 10,000 euros and a sculpture by Martín Chirino, on 29 May.
Examination of executive salary policies.
BANCA 15 #260 1 to 15 June 2007
The winning paper at the II Edition of the “Jaime Fernández de Araoz Award” was a work examining executive salary policies in the United States. The paper sheds great light on the discipline and possibilities for future research in the area.
II Edition “Jaime Fernández de Araoz Award” goes to María Guadalupe and Vicente Cuñat.
EFE Agency – 22 May 2007
The II Edition of the “Jaime Fernández de Araoz Corporate Finance Award” has been won by professors María Guadalupe and Vicente Cuñat for their work linking executive salaries in the United States with international competition.
Some pending problems in Corporate Finance (and II)
Arturo Bris
Expansión, 26 December 2006The Enron, WorldCom, Parmalat and similar scandals over the last decade have led governments to put legislation in place to protect investors. The adoption of corporate governance reforms has been on a voluntary basis in some countries and compulsory in others. The bloodiest example is the Sarbanes-Oxley Act, legislative reform in the United States which all companies wishing to be listed on the stock market must adhere to. The Sarbanes-Oxley Act has made it so expensive to become stock market listed that only one European company has started the process since the Act was introduced.
Some pending problems in Corporate Finance (I)
Arturo Bris
Expansión, 23 December 2006It would probably be difficult to find a social sciences field in which research has had so much impact in real life as the field of corporate finance. Corporate finance studies company liabilities. Specifically, this area of finance studies what the optimum combination of financing sources is that minimises a company’s capital costs; what these financial instruments are; lastly, what the factors are that determine the cost of one or the other.
First meeting of the jury of the II Edition of the “Jaime Fernández de Araoz Corporate Finance Award” for the 2006/2007 call for papers and the official presentation of the website
Expansión, 5 December 2006
For the second time running and with the help of organisations such as Banco Santander and Universia, the “Jaime Fernández de Araoz Corporate Finance Award” gets under way. The Award jury, made up of individuals with recognised prestige in the business and academic worlds, met last Tuesday 31 October 2006 for the official presentation of the Award website (www.premiojfa.org), where the criteria for the competition and relevant related news can be consulted.
Integrating corporate governance systems
Arturo Bris y Christos Chabolis
Financial Times, 5 October 2006This article analyses the implications of corporate governance on international mergers and acquisitions, and is based on the joint paper of the authors “The value of protecting the investor: Evidence based on international mergers”, which won the 2005 Edition of the “Jaime Fernández de Araoz Corporate Finance” Award.
