The Prince calls upon public powers to encourage company creation
Ideal, 1 September 2013
The Prince of Asturias considers today it is “essential” for job creation that public powers strengthen corporations, encourage creation and reinforcement of private companies and help entrepreneurs do business…
Success of a Mexican in EU and Europe
Reforma, 19 August 2013
The economist from Puebla, Francisco Pérez, was recognised in a subcategory of the Asturias Award…
The tax system pays us to get into debt
El Mundo, 12 July 2013
Francisco Pérez-González, Mexican and Professor at Stanford University, has just been recognised in Madrid together with his colleagues Frédéric Panier and Pablo Villanueva, with the Jaime Fernández de Araoz Award, sponsored by Deutsche Bank, for an innovative paper on the difficult balance between debt and capital in corporations and the effects of the tax systems…
Prince presents award to a Mexican
El Universal, 7 July 2013
Francisco Pérez-González distinguished, former student of Monterrey Tec, Querétaro Campus…
The Belgian Deduction
El Mundo, 26 June 2013
The Jaime Fernández de Araoz Award was presented in Madrid last week. This prize honours the memory of this young investment banker, trained at Cunef and seasoned at Citicorp, Lehman Brothers and Banco Santander, who died in an accident at the age of only 37…
The Prince presents the “Jaime Fernández de Araoz” Awards
ABC Castilla La Mancha, 22 June 2013
Prince Felipe presented the 5th “Jaime Fernández de Araoz” Award for Corporate Finance, which was given to the Mexicans Francisco Pérez-González and Pablo Villanueva and the Belgian Frédéric Panier for a paper entitled “Capital Structure and Taxes: What Happens When You (Also) Subsidize Equity?”…
The Prince calls upon public powers to encourage company creation
Invertia, 20 June 2013
The Prince of Asturias considers today it is “essential” for job creation that public powers strengthen corporations, encourage creation and reinforcement of private companies and help entrepreneurs do business…
Tax incentives for capital
Forum DB, September 2013
The 5th Edition of the Jaime Fernández de Araoz Award for Corporate Finance, sponsored by Deutsche Bank, is related to one of the most relevant topics for Spanish businesses: financing…
V Premio Jaime Fernández de Araoz
Press release, 2013
The researchers Francisco Pérez-González (Mexico), Frédéric Panier (Belgium) and Pablo Villanueva (Mexico), are the authors of the paper which has won the fifth edition of the Award”…
The Prince asks for talent to be used in entrepreneurial projects in response to the crisis
www.finanzas.com – 7 June 2011
The Prince of Asturias warned today that, on the journey towards the knowledge economy to overcome the crisis, it was vital to ensure that “a significant number” of young well-educated Spanish people “aim to enter the business world”…
A study on talent in the financial market, winner of the IV edition of the Jaime Fernández de Araoz Corporate Finance Award
Cunef.edu – 10 June 2011
Professors Patrick Bolton, of Franco-American nationality, Tano Santos, a Spaniard, and José Scheinkman, a Brazilian, have obtained the IV Jaime Fernández de Araoz Corporate Finance Award, for their work entitled “Cream Skimming in Financial Markets”, which analyses the issue of talent in the financial market…
Award for talent in the structure of financial markets
Cinco Días – 10 June 2011
The ceremony was attended by the President of the Madrid Autonomous Region, Esperanza Aguirre, the Secretary of State for Economic Affairs, José Manuel Campa, and the Director General of La Caixa and the Chairman of the Jury which chose the winner of the Award, Juan María Nin…
Talent at the crossroads
Expansión – 13 June 2011
This is not just another competition. In fact, there is no other award in Spain in this field. Now in its fourth edition, its prestige is established in the best business schools around the world and experienced academics from the five continents who teach this dismal science known as economics compete to win it…
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 (premiojfa.dev.genetsis.com), 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.

