Our colleague María Gutiérrez and her co-author María Isabel Saez, presented their working paper entitled “The promise of reward crowdfunding” at a Law seminar in Universitat Pomepeu Fabra on February 16,

Our colleague José Penalva has just published the book “Algorithmic and High-Frequency Trading” in the well respected editorial Cambrigde University Press (Amazon link Here). The book is coauthored with our former colleague Álvaro Cartea and Sebastian Jaimunga. We hope you find it as interesting as we do. Congratulations José!

Our colleague Bing Guo has published the article “Investment, Duration, and Exit Strategies for Corporate and Independent Venture Capital-Backed Start-Ups” coauthored with  Yun Lou, and David Pérez-Castrillo in the last issue of the Journal of Economics and Management Strategy

The article “The strategic behavior of firms with debt” coauthored by our colleague Anna Toldra and Jerome Reboul has been accepted for publication in the Journal of Financial & Quantitative Analysis. This is the journal with the highest score (weighted average of 5-year Impact Factor and Article Influence Score) among the A Journals in Finance (fourth among the overall list of all journals in finance). Congratulations Anna, for this achievement!

The Independent Authority on Fiscal Responsibility – “Autoridad Independiente de Responsabilidad Fiscal” (AIReF) – has appointed CAR3FIN member José Marín to its Advisory Board. The Board is comprised of nine experts, selected by AIReF’s President amongst renowned national or international authorities with at least ten years’ experience in the fields of budgetary, economic and financial analysis. Congratulations José! View Press Release (Spanish) &nbsp

We are delighted to inform you that our colleague Pablo Ruiz-Verdu has won the best paper award on regulation in the last Foro de Finanzas (http://22financeforum.unizar.es/awards/). His paper “Too Big to Discipline” is co-authored by Patricia Boyallian (former UC3M Ph D student and now at Aalto University School of Business) Congratulations Pablo and Patricia for maintaing the long tradition of winning at least one award in every Foro de Finanzas!

We are happy to announce that our colleague Jose Penalva has received one of the prestigious BBVA Foundation Frontiers of Knowledge awards.  You can read all about it here

In the 2014 QS World University Ranking, the Business Department at Carlos III is ranked among the best 100 institutions world wide in Finance & Accounting. It is the only Spanish institution that appears in this ranking

The article entitled “A Clash of Governance Logics: Foreign Ownership and Board Monitoring” coauthored by our colleagues Monica Lopez-Puertas and Kurt Desender, jointly with our friends Ruth Aguilera (Norteastern Univesity) and Rafel Crespí (Universitat de les Illes Balears) has been accepted for publication in the Strategic Management Journal (an A+ journal in Management)

José M. Marín and Benjamin Golez (2014). “Price support by bank-affiliated mutual funds”. Journal of Financial Economics, forthcoming. Jordi Surroca, Josep A. Tribó and Shaker Zahra (2013). “Stakeholder Pressure on MNEs and the Transfer of Socially Irresponsible Practices to Subsidiaries”. Academy of Management Journal, 56(2), 549-572. Paola Sapienza,Anna Toldra‐Simats and Luigi Zingales (2013). “Understanding trust”. The Economic Journal, 123(573), 1313-1332. David Martínez-Miera and Rafael Repullo (2010). “Does Competition Reduce the Risk of Bank Failure?”. Review of Financial Studies, 23(10), 3638-3664. Juan-José Ganuza and José Penalva (2010). “Signal Orderings based on Dispersion and the Supply of Private Information in Auctions”. Econometrica, 78(3), 1007-1030. [&hellip