Who will win the AQR Top Finance Graduate Award 2016?
On May 30, 2016 you will have the unique opportunity to see the world’s most promising finance PhD graduates in 2016 present their research at CBS. These PhD graduates have been selected to win the AQR Top Finance Graduate Award and CBS has the honor of hosting a day of exciting research seminars.
We can already now disclose that you will be hearing talks about a range of exciting topics such as the effects of “revolving doors” on Wall St., for instance, when the rating agents and regulators change jobs to work for the very banks that they evaluate. Or “misallocations” of government contracts, for instance when a president appoints members of his network as CEOs of public firms and these CEOs then give government contracts to more expensive private firms from their own network.
The 6 winners will be announced 2 weeks before the event, so if you want to make sure to have a place at this event and see the winners present their research right here in Copenhagen, sign up for free now at www.financegradaward.cbs.dk
Award selection committee
Nicholas Barberis, Yale University, School of Management
Patrick Bolton, Columbia University
Darrell Duffie, Stanford University, Graduate School of Business
Ralph Koijen, London Business School
Toby Moskowitz, University of Chicago, Booth School of Business
Lasse H. Pedersen (Chair), Copenhagen Business School
Michael R. Roberts, Wharton School of the University of Pennsylvania
David S. Scharfstein, Harvard Business School
Annette Vissing-Jørgensen, University of California, Berkeley
(Photo: Esben Zøllner Olesen)
From left to right: David Lando, Lawrence Jin, Svetlana Bryzgalova, Benjamin Hébert, Emil Siriwardane, Sabrina Howell, Lawrence Schmidt, Lasse Heje Pedersen
The 2015 Winners
Svetlana Bryzgalova, PhD from London School of Economics: Spurious Factors in Linear Asset Pricing Models. Now assistant professor at Stanford Graduate School of Business
Benjamin Hébert, PhD from Harvard University: Moral Hazard and the Optimality of Debt. Now assistant professor at Stanford Graduate School of Business
Sabrina Howell, PhD from Harvard University: Financing Constraints as Barriers to Innovation: Evidence from R&D Grants to Energy Startups. Now assistant professor at New York University Stern School of Business
Lawrence Jin, PhD from Yale School of Management: A Speculative Asset Pricing Model of Financial Instability. Now assistant professor at California Institute of Technology
Lawrence Schmidt, PhD from University of California, San Diego: Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk. Now assistant professor at the University of Chicago
Emil Siriwardane, PhD from NYU Stern School of Business: Concentrated Capital Losses and the Pricing of Corporate Credit Risk. Now assistant professor at Harvard Business School
(Photo: Anders Meldgaard Kjemtrup)
From left to right: David Lando, Lasse Heje Pedersen, Eduardo Dávila, Victoria Vanasco, Michael Weber, Maryam Farboodi, Boris Vallée, François Geerolf, John Campbell (Harvard University
The 2014 Winners:
Eduardo Dávila, PhD from Harvard University: Optimal Financial Transaction Taxes. Now assistant professor at New York University, Stern School of Business
Maryam Farboodi, PhD from University of Chicago Booth School of Business and Department of Economics: Intermediation and Voluntary Exposure to Counterparty Risk. Now assistant professor at Princeton University
François Geerolf, PhD from Sciences Po Paris: A Theory of Power Law Distributions for the Returns to Capital and of the Credit Spread Puzzle. Now assistant professor at University of California, Los Angeles (UCLA)
Boris Vallée, PhD from HEC Paris: Catering to Investors through Product Complexity. Now assistant professor at Harvard Business School
Victoria Vanasco, PhD from University of California, Berkeley: Information Acquisition vs. Liquidity in Financial Markets. Now assistant professor at Stanford Graduate School of Business
Michael Weber, PhD from University of California, Berkeley, Haas School of Business: Nominal Rigidities and Asset Pricing. Now assistant professor at University of Chicago, Booth School of Business
Award Selection Commitee member John Campbell from Harvard University presented the award to the winners.
(Photo: Anders Meldgaard Kjemtrup)
From left to right: Lasse Heje Pedersen,Timothy J. McQuade, Marina Niessner, Lars Rohde (Danmarks Nationalbank), Gabriel Chodorow-Reich, Felipe Varas, Jean-Noël Barrot, David Lando
The 2013 Winners
Jean-Noël Barrot, PhD from HEC Paris School of Management: Financial Strength and Trade Credit Provision: Evidence from Trucking Firms. Now assistant professor at MIT Sloan School of Management
Gabriel Chodorow-Reich, PhD from University of California, Berkeley: The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis. Now assistant professor at Harvard University
Timothy J. McQuade, PhD from Harvard University: Stochastic Volatility and Asset Pricing Puzzles. Now assistant professor at Stanford Graduate School of Business
Marina Niessner, PhD from University of Chicago: Strategic Disclosure Timing and Insider Trading. Now assistant professor at Yale School of Management
Felipe Varas, PhD from Stanford Graduate School of Business: Contracting Timely Delivery with Hard to Verify Quality. Now assistant professor at Fuqua School of Business, Duke University
The awards were presented by Lars Rohde, Chairman of the Board of Governors of Danmarks Nationalbank.
Find more information about the previous award ceremonies here.