Alumni on the
ALBA’s Quarterly Newsletter
International Academic Award for Dr.
Christos Cabolis, Assistant Professor of
Economics & Finance
Christos Cabolis, Assistant Professor of Economics & Finance at
ALBA, achieved an important international distinction by being
awarded the 'First Jaime Fernández de Araoz Award in Corporate
Finance' for his paper “The Value of Investor Protection: Firm Evi-
dence from Cross-Border Mergers” co-authored with Arturo Bris,
the Robert B. & Candice Haas Associate Professor of Corporate
Finance at Yale School of Management and Fellow at the Euro-
pean Corporate Governance Institute.
The “Jaime Fernandez de Araoz” Award initiative is designed to contribute to
the development of corporate finance, rewarding the individuals or teams that
have contributed significantly to this field through their research or experience.
A Jury of distinguished academics and practitioners evaluate the quality, appli-
cability and innovative nature of the papers submitted.
The award was presented by Crown Prince Felipe and Princess Letizia of Spain
in a ceremony that took place in Madrid on June 13, 2005.
ALBA congratulates Dr. Cabolis for receiving this international award that re-
flects the institution’s mission to promote innovation and excellence in research
and to advance knowledge in the field.
For more information and a copy of the article, please contact the Communica-
tions and Corporate Relations Department, ALBA, tel. 210-8964531 or e-mail:
Volume 2, Issue 7
1st Prize for the ALBA Team at the Euro-
pean Business Plan of the Year Competi-
Team won the first
prize at the EURO-
PLAN OF THE YEAR COMPETITION
2005, which took place on June 2-4
2005, at the Stockholm School of Entre-
preneurship (Sweden). It is noteworthy
that ALBA had also won the 1st Prize at
the European Business Plan of the Year
The European Business Plan of