Michael Brennan Award
Michael Brennan Award
The BlackRock Michael Brennan Award is an annual prize given to authors in recognition of important finance research papers published in the Review of Financial Studies (RFS). It is given annually to the best paper published in The Review of Financial Studies. The annual first prize is $20,000 and the second place prize is $7,000.
Details
Annually, the winners are announced at the Western Finance Association meetings in June as well as in the RFS and on the website. The winners are selected by the editorial board, which includes the Executive Editor, the Co-Editors, and the Associate Editors. The award is part of BlackRock's commitment to capital markets research. The award is named in honor of the first editor of RFS, Michael J. Brennan.
Winners
The following table is a partial list of past winners of the Michael Brennan Award Prize, which goes back to volume 2:
| Paper | Author(s) | Volume |
|---|---|---|
| "Requiem for a market: an analysis of the rise and fall of a financial futures contract" | Elizabeth Johnston and John McConnell | 2 |
| "Data-snooping biases in tests of financial asset pricing models" | Andrew Lo and A. Craig MacKinlay | 3 |
| "The effect of information releases on the pricing and timing of equity issues" | Robert Korajczyk, Deborah Lucas and Robert McDonald | 4 |
| "Survivorship bias in performance studies" | Stephen Brown, William Goetzmann, Roger Ibbotson, and Stephen Ross | 5 |
| "On the estimation of beta-pricing models" | Jay Shanken | 5 |
| "Asymmetric information and options" | Kerry Back | 6 |
| "Transactions, volume, and volatility" | Charles Jones, Gautam Kaul, and Marc Lipson | 7 |
| "A critique of size-related anomalies" | Jonathan Berk | 8 |
| "Testing continuous-time models of the spot interest rate" | Yacine Ait-Sahalia | 9 |
| "Trade credit: theories and evidence" | Mitchell Petersen and Raghuram Rajan | 10 |
| "An anatomy of trading strategies" | Jennifer Conrad and Gautam Kaul | 11 |
| "Stock market overreactions to bad news in good times: a rational expectations equilibrium model" | Pietro Veronesi | 12 First Prize |
| "Conflict of interest and the credibility of underwriter analyst recommendations" | Roni Michaely and Kent Womack | 12 Runner-up |
| "Toeholds, bid jumps, and expected payoffs in takeovers" | Sandra Betton and B. Espen Eckbo | 13 First Prize |
| "Forcing firms to talk: financial disclosure regulation and externalities" | Anat Admati and Paul Pfleiderer | 13 Runner-up |
| "Learning to be Overconfident" | Simon Gervais and Terrance Odean | 14 First Prize |
| "Optimal Consumption and Investment with Capital Gains Taxes" | Robert Dammon, Chester Spatt, and Harold Zhang | 14 Runner-up |
| "Competing Theories of Financial Anomalies" | Alon Brav and J. B. Heaton | 15 First Prize |
| "An Isomorphism Between Asset Pricing Models With and Without Linear Habit Formation" | Mark Schroder and Costis Skiadas | 15 Runner-up |
| "Informal Financial Networks: Theory and Evidence" | Mark J. Garmaise and Tobias J. Moskowitz | 16 First Prize |
| "Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem" | Hui Ou-Yang | 16 Runner-up |
| "Losing Money on Arbitrage: Optimal Dynamic Portfolio Choice in Markets with Arbitrage Opportunities" | Jun Liu and Francis A. Longstaff | 17 First Prize |
| "Confronting Information Asymmetries: Evidence from Real Estate Markets" | Mark J. Garmaise and Tobias J. Moskowitz | 17 Runner-up |
| "The Pooling and Tranching of Securities: A Model of Informed Intermediation" | Peter M. DeMarzo | 18 First Prize |
| "Information Leakage and Market Efficiency" | Markus K. Brunnermeier | 18 Runner-up |
| "Corporate Finance and the Monetary Transmission Mechanism" | Patrick Bolton and Xavier Freixas | 19 First Prize |
| "Does the Source of Capital Affect Capital Structure?" | Mitchell Petersen and Michael Faulkender | 19 Runner-up |
| "Portfolio Performance Manipulation and Manipulation-proof Performance Measures" | Matthew Spiegel, William N. Goetzmann, Jonathan E. Ingersoll Jr., and Ivo Welch | 20 First Prize |
| "Agency and Optimal Investment Dynamics" | Peter M. DeMarzo and Michael J. Fishman | 20 Runner-up |
| "A Comprehensive Look at The Empirical Performance of Equity Premium Prediction" | Ivo Welch and Ivo Welch | 21 First Prize |
| "Agency and Optimal Investment Dynamics" | Mihir Desai, Fritz Foley, and Kristin Forbes | 21 Runner-up |
| "The Economics of Fraudulent Accounting" | Simi Kedia and Thomas Philippon | 22 First Prize |
| "Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches" | Mitchell A. Petersen | 22 Runner-up |
Notes
- ^ a b c "BlackRock Michael Brennan Award". Society for Financial Studies. 2007. http://www.oxfordjournals.org/our_journals/revfin/awards_michaelbrennan.html. Retrieved 2007-09-11.
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Categories: Economics awards
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