{"id":5038,"date":"2025-04-01T05:03:43","date_gmt":"2025-04-01T05:03:43","guid":{"rendered":"https:\/\/indem.uc3m.es\/?post_type=members&#038;p=5038"},"modified":"2026-10-01T17:51:01","modified_gmt":"2026-10-01T15:51:01","slug":"maria-gutierrez","status":"publish","type":"members","link":"https:\/\/indem.uc3m.es\/es\/members\/maria-gutierrez\/","title":{"rendered":"Mar\u00eda Guti\u00e9rrez Urtiaga"},"content":{"rendered":"<p><img decoding=\"async\" width=\"160\" height=\"160\" src=\"https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/04\/perfil-1448742926.jpg\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<ul>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:maria.gutierrez@uc3m.es\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tEmail: maria.gutierrez@uc3m.es<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tDirecci\u00f3n \/ oficina: C\/ Madrid, 126 &#8211; 28903 Getafe (Madrid) Spain \/ 7.0.45\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tTel\u00e9fono \/ fax: (34) 91 624 58 40 \/\n\t\t\t\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\" tabindex=\"-1\" aria-label=\"BUSINESS UC3M\"><br \/>\n\t\t\t\t\t\t\t\t<\/a><\/p>\n<h3>\n\t\t\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\"><br \/>\n\t\t\t\t\t\t\tBUSINESS UC3M\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/h3>\n<p>\n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n<h2>Intereses de Investigaci\u00f3n<\/h2>\n<p>Finanzas corporativas, gobierno corporativo, derecho y finanzas<\/p>\n<h2>Publicaciones seleccionadas<\/h2>\n<p>\t\t\t\t\t\t\t\t\tBio<\/p>\n<p>Mar\u00eda Guti\u00e9rrez Urtiaga es Profesora Titular de Finanzas en la Universidad Carlos III de Madrid, Departamento deAdministraci\u00f3n y Direcci\u00f3n de Empresas. Es doctora en Econom\u00eda por la Universidad Complutense en el a\u00f1o 2000 y M\u00e1ster en Econom\u00eda y Finanzas por el CEMFI en 1997.<\/p>\n<p>Imparte clases de gobierno corporativo, finanzas corporativas y econom\u00eda financiera a estudiantes de grado, m\u00e1ster y doctorado con excelentes evaluaciones de los estudiantes (5\/5 en el curso de posgrado durante el a\u00f1o acad\u00e9mico 2022\/23).<\/p>\n<p>Sus intereses de investigaci\u00f3n incluyen el gobierno corporativo, las finanzas corporativas y el derecho y las finanzas. Tambi\u00e9n es investigadora asociada del Instituto Europeo de Gobierno Corporativo (ECGI). Su investigaci\u00f3n examina las instituciones de gobierno corporativo, como los consejos de administraci\u00f3n y los deberes fiduciarios, y los problemas de gobierno corporativo, como la expropiaci\u00f3n de minor\u00edas. Ha publicado en prestigiosas revistas internacionales, como el Rand Journal of Economics, Industrial and Corporate Change, Journal of Law, Finance and Accounting, Corporate Governance: An International Review y el Journal of Corporate Legal Studies. Mar\u00eda ha recibido varias becas y premios por su trabajo de investigaci\u00f3n, que se presenta regularmente en conferencias de primer nivel, como la Asociaci\u00f3n Americana de Derecho y Econom\u00eda, la Asociaci\u00f3n Europea de Econom\u00eda y la Asociaci\u00f3n Europea de Finanzas.<\/p>\n<p>Desde 2012 hasta 2016 fue miembro del Comit\u00e9 Consultivo de la CNMV (Comisi\u00f3n Nacional del Mercado de ValoresEspa\u00f1oles). Desde 2019 hasta 2021 fue presidenta de AEFIN (Asociaci\u00f3n Espa\u00f1ola de Finanzas). Desde 2019 tambi\u00e9n trabaja como consultora de la CNMV.<\/p>\n<p>\t\t\t\t\t\t\t\t\tPublicaciones<\/p>\n<p>\u201cInspection Rights in Spain\u201d (with Maribel S\u00e1ez), chapter 8 in \u201cResearch Handbook on Shareholder Inspection Rights: A Comparative Perspective\u201d edited by Randall S. Thomas, John S. Beasley and Paolo Giudici, Edward Elgar Publishing (2023).<\/p>\n<p>\u201cThe Law and Economics of Comparative Corporate Law\u201d (with Maribel S\u00e1ez), chapter 4 in \u201cResearch Handbook on Comparative Corporate Governance\u201d edited by Afra Afsharipour and Martin Gelter, Edward Elgar Publishing (2021).\u00a0<\/p>\n<p>\u201cThe Spanish Banking Crisis as a Corporate Governance Problem\u201d (with Maribel S\u00e1ez), chapter 22 in \u201cGovernance of Financial Institutions\u201d edited by Guido Ferrarini, Oxford University Press (2019). \u00a0<\/p>\n<p>\u201cStrong shareholders, weak outside investors\u201d (with Maribel S\u00e1ez),\u00a0Journal of Journal of Corporate Law Studies, 18 (2), (2018), pp. 277-309.<\/p>\n<p>\u201cDividend Policy with Controlling Shareholders\u201d (with Maribel S\u00e1ez),\u00a0Theoretical Inquiries in Law\u00a0,16 (1), (2015), pp. 107\u2013130.\u00a0<\/p>\n<p>\u201cDeconstructing Independent Directors\u201d (with Maribel S\u00e1ez),\u00a0Journal of Corporate Law Studies, 13 (1), (2013), pp. 63-94.<\/p>\n<p>\u201cOwnership Structure and Minority Expropriation: The Case for Multiple Blockholders\u201d (with Josep Trib\u00f3 and Beatriz Mariano),\u00a0Applied Financial Economics, 22 (24), (2012), pp. 2075-2083.\u00a0<\/p>\n<p>\u201cA Contractual Approach to the Regulation of Corporate Directors&#8217; Fiduciary Duties\u201d,\u00a0Journal of Corporate Ownership and Control, 1 (2004), pp.72-80<\/p>\n<p>\u201cManagerial Incentives for Attracting Attention\u201d (with Nino Papiashvili, Josep A. Trib\u00f3 and Antonio B. V\u00e1zquez),\u00a0European Financial Management, 26(4), (2020), pp. 896-937.\u00a0<\/p>\n<p>\u201cThe Promise of Reward Crowdfunding\u201d (with Maribel S\u00e1ez), Corporate Governance: An International Review, 26 (5), (2018), pp. 355-373.\u00a0<\/p>\n<p>\u201cA Contractual Approach to Discipline Self-dealing by Controlling Shareholders\u201d (with Maribel S\u00e1ez),\u00a0Journal of Law, Finance and Accounting, 2 (1), (2017), pp. 173-204.<\/p>\n<p>\u201cBoard Composition, Political Connections, and Performance in State-Owned Enterprises\u201d (with Anna Menozzi and Davide Vannoni),\u00a0Industrial and Corporate Change, 21 (3) (2012), pp. 671-698.\u00a0<\/p>\n<p>\u00a0\u201cAn Economic Analysis of Corporate Directors&#8217; Fiduciary Duties\u201d,\u00a0Rand Journal of Economics, 34 (2003), pp. 516-535.<\/p>\n<p>\u00a0\t\t<\/p>\n<ul>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:%20maria.gutierrez@uc3m.es\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tEmail: maria.gutierrez@uc3m.es<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tDirecci\u00f3n \/ oficina:C\/ Madrid, 126 &#8211; 28903 Getafe (Madrid) Spain \/ 7.0.45\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tTel\u00e9fono \/ fax:(34) 91 624 58 40\n\t\t\t\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\" tabindex=\"-1\" aria-label=\"BUSINESS UC3M\"><br \/>\n\t\t\t\t\t\t\t\t<\/a><\/p>\n<h3>\n\t\t\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\"><br \/>\n\t\t\t\t\t\t\tBUSINESS UC3M\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/h3>\n<p>\n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n","protected":false},"author":1,"template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"categoria-profesional":[61],"area":[19],"class_list":["post-5038","members","type-members","status-publish","hentry","categoria-profesional-profesores","area-economia-financiera"],"_links":{"self":[{"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/members\/5038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/members"}],"about":[{"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/types\/members"}],"author":[{"embeddable":true,"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":6,"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/members\/5038\/revisions"}],"predecessor-version":[{"id":7308,"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/members\/5038\/revisions\/7308"}],"wp:attachment":[{"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/media?parent=5038"}],"wp:term":[{"taxonomy":"categoria-profesional","embeddable":true,"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/categoria-profesional?post=5038"},{"taxonomy":"area","embeddable":true,"href":"https:\/\/indem.uc3m.es\/es\/wp-json\/wp\/v2\/area?post=5038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}