{"id":5038,"date":"2025-04-01T05:03:43","date_gmt":"2025-04-01T05:03:43","guid":{"rendered":"https:\/\/business.uc3m.es\/\/?post_type=members&#038;p=5038"},"modified":"2026-07-03T12:03:29","modified_gmt":"2026-07-03T10:03:29","slug":"maria-gutierrez","status":"publish","type":"members","link":"https:\/\/business.uc3m.es\/es\/members\/maria-gutierrez\/","title":{"rendered":"Mar\u00eda Guti\u00e9rrez Urtiaga"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/business.uc3m.es\/wp-content\/uploads\/2025\/04\/perfil-1698419558.png\" alt=\"\" width=\"1172\" height=\"1172\" \/><\/p>\n<ul>\n<li>Email: maria.gutierrez@uc3m.es<\/li>\n<li>Direcci\u00f3n \/ oficina: C\/ Madrid, 126 &#8211; 28903 Getafe (Madrid) Spain \/ 7.0.45<\/li>\n<li>Tel\u00e9fono: (34) 91 624 58 40 \/<\/li>\n<\/ul>\n<p><a href=\"https:\/\/x.com\/uc3m_business?lang=es\" aria-label=\"BUSINESS UC3M\">\u00a0<\/a><\/p>\n<h3><a href=\"https:\/\/x.com\/uc3m_business?lang=es\"><br \/>\nBUSINESS UC3M <\/a><\/h3>\n<p>@UC3M_BUSINESS<\/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>\u201cWhy do companies have (not fully owned) subsidiaries?\u201d (with Maribel S\u00e1ez), forthcoming\u00a0European Business Organization Law Review-EBOR (2025).<\/p>\n<p>\u00abBribes and audit fees\u00bb (with Stavriana Hadjigavriel and Susana Gago-Rodr\u00edguez), Susana, Journal\u00a0of Accounting and Public Policy, 49, (2025).<\/p>\n<p>\u00abSignaling and herding in reward-based crowdfunding\u00bb (with Gabriel Rodr\u00edguez-Garnica and Josep\u00a0Trib\u00f3,), Small Business Economics (2024).<\/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.<\/p>\n<p>\u201cThe Promise of Reward Crowdfunding\u201d (with Maribel S\u00e1ez), Corporate Governance: An International Review, 26 (5), (2018), pp. 355-373.<\/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.<\/p>\n<p>\u201cAn Economic Analysis of Corporate Directors&#8217; Fiduciary Duties\u201d,\u00a0Rand Journal of Economics, 34 (2003), pp. 516-535.<\/p>\n<p>Biograf\u00eda<\/p>\n<p><span style=\"font-weight: 400\">Mar\u00eda Guti\u00e9rrez Urtiaga es Profesora Titular de Econom\u00eda Financiera y Contabilidad en la Universidad Carlos III de Madrid. Tras licenciarse en Ciencias Econ\u00f3micas y Empresariales en la Universidad de Valladolid, obtuvo el M\u00e1ster en Econom\u00eda y Finanzas del Centro de Estudios Monetarios y Financieros (CEMFI) y el t\u00edtulo de Doctora en Econom\u00eda por la Universidad Complutense.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sus intereses de investigaci\u00f3n y docencia se centran en el gobierno corporativo, las finanzas empresariales y el an\u00e1lisis econ\u00f3mico de la regulaci\u00f3n financiera. 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. En la actualidad es investigadora asociada del European Corporate Governance Institute (ECGI) y miembro del Consejo Acad\u00e9mico del European Banking Institute (EBI).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Mar\u00eda es consejera independiente y vocal de la Comisi\u00f3n de Auditor\u00eda del banco p\u00fablico de promoci\u00f3n espa\u00f1ol, el Instituto de Cr\u00e9dito Oficial (ICO) y miembro del Grupo de Expertos Economistas de la Comisi\u00f3n Nacional del Mercado de Valores (CNMV).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tambi\u00e9n ha sido miembro del Comit\u00e9 Consultivo de la Comisi\u00f3n Nacional del Mercado de Valores (CNMV) y Presidenta de la Asociaci\u00f3n Espa\u00f1ola de Finanzas (AEFIN).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Publicaciones en art\u00edculos acad\u00e9micos en ingl\u00e9s<\/p>\n<p>-\u201cWhy do companies have (not fully owned) subsidiaries?\u201d (with Maribel S\u00e1ez), forthcoming European Business Organization Law Review-EBOR (2025).<br \/>\n-\u00abBribes and audit fees\u00bb (with Stavriana Hadjigavriel and Susana Gago-Rodr\u00edguez), Susana, Journal of Accounting and Public Policy, 49, (2025).<br \/>\n-\u00abSignaling and herding in reward-based crowdfunding\u00bb (with Gabriel Rodr\u00edguez-Garnica and Josep Trib\u00f3,), Small Business Economics (2024).<br \/>\n-\u201cManagerial Incentives for Attracting Attention\u201d (with Nino Papiashvili, Josep A. Trib\u00f3 and Antonio B. V\u00e1zquez) European Financial Management, 26(4), (2020), pp. 896-937.<br \/>\n-\u201cThe Promise of Reward Crowdfunding\u201d (with Maribel S\u00e1ez), Corporate Governance: An International Review, 26 (5), (2018), pp. 355-373.<br \/>\n-\u201cStrong shareholders, weak outside investors\u201d (with Maribel S\u00e1ez), Journal of Journal of Corporate Law Studies, 18 (2), (2018), pp. 277-309.<br \/>\n-\u201cA Contractual Approach to Discipline Self-dealing by Controlling Shareholders\u201d (with Maribel S\u00e1ez), Journal of Law, Finance and Accounting, 2 (1), (2017), pp. 173-204.<br \/>\n-\u201cDividend Policy with Controlling Shareholders\u201d (with Maribel S\u00e1ez), Theoretical Inquiries in Law 16 (1), (2015), pp. 107\u2013130.<br \/>\n-\u201cDeconstructing Independent Directors\u201d (with Maribel S\u00e1ez), Journal of Corporate Law Studies 13 (1), (2013), pp. 63-94.<br \/>\n-\u201cOwnership Structure and Minority Expropriation: The Case for Multiple Blockholders\u201d (with Josep Trib\u00f3 and Beatriz Mariano), Applied Financial Economics 22 (24), (2012), pp. 2075-2083.<br \/>\n-\u201cBoard Composition, Political Connections, and Performance in State-Owned Enterprises\u201d (with Anna Menozzi and Davide Vannoni), Industrial and Corporate Change 21 (3) (2012), pp. 671-698.<br \/>\n-\u201cA Contractual Approach to the Regulation of Corporate Directors&#8217; Fiduciary Duties\u201d, Journal of Corporate Ownership and Control, 1 (2004), pp.72-80.<br \/>\n-\u201cAn Economic Analysis of Corporate Directors&#8217; Fiduciary Duties\u201d, Rand Journal of Economics, 34(2003), pp. 516-535.<\/p>\n<ul>\n<li>Email: maria.gutierrez@uc3m.es<\/li>\n<li>Direcci\u00f3n \/ oficina:C\/ Madrid, 126 &#8211; 28903 Getafe (Madrid) Spain \/ 7.0.45<\/li>\n<li>Tel\u00e9fono: (34) 91 624 58 40<\/li>\n<li>CV<\/li>\n<\/ul>\n<p><a href=\"https:\/\/x.com\/uc3m_business?lang=es\" aria-label=\"BUSINESS UC3M\">\u00a0<\/a><\/p>\n<h3><a href=\"https:\/\/x.com\/uc3m_business?lang=es\"><br \/>\nBUSINESS UC3M <\/a><\/h3>\n<p>@UC3M_BUSINESS<\/p>\n","protected":false},"author":30,"template":"elementor_header_footer","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":[66],"area":[20],"class_list":["post-5038","members","type-members","status-publish","hentry","categoria-profesional-profesores","area-economia-financiera"],"_links":{"self":[{"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/members\/5038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/members"}],"about":[{"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/types\/members"}],"author":[{"embeddable":true,"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/users\/30"}],"version-history":[{"count":3,"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/members\/5038\/revisions"}],"predecessor-version":[{"id":17055,"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/members\/5038\/revisions\/17055"}],"wp:attachment":[{"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/media?parent=5038"}],"wp:term":[{"taxonomy":"categoria-profesional","embeddable":true,"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/categoria-profesional?post=5038"},{"taxonomy":"area","embeddable":true,"href":"https:\/\/business.uc3m.es\/es\/wp-json\/wp\/v2\/area?post=5038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}