The Spanish equity market (2000-2014): stylized facts

Introduction. This thesis is framed in the last 15 years of history of the Spanish equity market (years 2000 to 2014). In this sense and, as an introduction of this work, in the first chapter the main features of the background of the electronic market for shares and the implications that the migration from out-c1y circles to this automatic system is explained. The main changes of this electronic system (Spanish stock exchange interconnection system) are detailed in this part. Also in this first chapter is explained the important European meeting, in December 1999, of eight stock exchanges which foresee, in a first step, to design a single market model for, lately, try to merge, final step that did not take place. After this initial moment in December 1999, in this work the main features of the market model of the main European markets (London, Paris, Germany and Italy) are generally described, given that it is important to consider the European context of the Spanish equity market, specially during these last fifteen years. Along chapter two, the thesis is supported with the theoretic frame explaining here the nature of markets and their important role in the economy, detailing afte1wards the Spanish case from the point of view of its institutional structure and legal framework. Besides, in this chapter, a deep review of initial public offerings (main concepts and calendar steps) is done as well as take-over bids (typology and key-concepts)...

Incidencia de las herramientas tecnológicas digitales en las rutinas periodísticas. Estudio de El Mercurio y La Tercera, como exponentes de los medios impresos y en línea chilenos

Already entered in the XXI century "new technologies of information and communication" are hardly "new". Beyond the continuous generation of new technological tools, many more associated with technological dazzle than a real contribution to innovation, there have been few certainties and many promises which, from the advent of Internet in the civilian world, were generated. One of the areas where special Internet has generated excitement has been in the media. In the media field, which is the segment to which we dedicate this research, extreme market liberalization has meant an increasing concentration of media, such as will be discussed at greater length in Chapter IV. According to figures from the Association of Journalists of Chile, 90% of printed newspapers are controlled by two groups; one radio station signals concentrated twenty and 50% of the advertising pie, while increasing arrival of the financial sector to television is observed...