Big Prizes for Bright Ideas
Cutting edge research and innovation in teaching have been recognized by IESE this month.
Professors Víctor Martínez de Albéniz, Gaizka Ormazabal, Heinrich Liechtenstein and Rob Johnson have received the Research Excellence Awards 2014, which will be presented by the IESE Members Association in February.
The awards were made for two academic articles published in journals of operations and control respectively; and for an original MBA course in finance for entrepreneurs delivered over 2013-2014:
Víctor Martínez de Albéniz, for his article "Split-Award Auctions for Supplier Retention" published in Strategic Management Science. Prof. Martínez de Albéniz proposes a model of shared auctions where – unlike a single winner-takes-all scenario – parts of a business are awarded to suppliers based on prices offered.
Gaizka Ormazabal, for his article "Proxy Advisory Firms and Stock Option Repricing" published in the Journal of Accounting & Economics. The study finds that using proxy advisors to make decisions specific to a particular company may not always yield the best results for that company.
Research With International Prestige and Social Impact
The jury, comprising professors and members of the Association’s executive committee, selected the two articles on the basis of their international prestige.
The winning course met with a broad range of criteria: an established course, taught over successive years; its usefulness in terms of research and consulting; its social impact; and the use of original and specific material.
The Research Excellence Awards were established in 2001 and are presented annually, with a bursary of €10,000 for each winner.
This year’s awards will be presented on February 9 at the Members Association Governing Council on IESE’s Barcelona campus, and celebrated simultaneously at the Madrid campus via video-conferencing.