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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”.

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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.

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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.

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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.

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