Awards & Honors
Bleakley Receives Inaugural Award
Hoyt Bleakley, associate professor of economics, has become the first recipient of the “Best Paper Prize” given by the American Economic Association for his research, “Malaria Eradication in the Americas: A Retrospective Analysis of Childhood Exposure,” published in the American Economic Journal: Applied Economics.
The prize highlights the best paper published over the past three years in each of the following journals: American Economic Journals: Applied Economics; Economic Policy; Macroeconomics; and Microeconomics.
Bleakley joined the Chicago Booth faculty in 2005 and teaches courses in microeconomics. His current work includes serving as senior investigator for “Early Indicators of Later Work Levels, Disease and Death,” a project funded by the National Institute on Aging and directed by Robert Fogel, Charles R. Walgreen Distinguished Service Professor of American Institutions.—A.F.
Burt Wins George R. Terry Book Award
Ronald Burt, Hobart W. Williams Professor of Sociology and Strategy, received the prestigious 2011 George R. Terry Book Award from the Academy of Management for his book Neighbor Networks: Competitive Advantage Local and Personal. Burt studies how social networks create competitive advantage in careers, organizations, and markets. He was honored for his book’s “outstanding contribution to the advancement of management knowledge.”
The book examines the social networks of managers, bankers, and others, to assess the magnitude of competitive advantage provided by one’s network. Burt then shows that none of the substantial advantage spills over to colleagues. Rather, the network around a person enhances the person’s skill in managing conflicting information to advantage. Social capital turns out to be a forcing function for human capital.
A member of the faculty since 1993, Burt teaches strategic leadership, network structure and effective management, and other topics. He is the author or editor of six other books, including Brokerage and Closure: An Introduction to Social Capital, and Structural Holes: The Social Structure of Competition.—K.A.
Epley Wins Early Career Award
The American Psychological Association has selected Nicholas Epley, John Templeton Keller Professor of Behavioral Science and Neubauer Family Faculty Fellow, to receive the 2011 Distinguished Scientific Award for Early Career Contribution to Psychology.
Epley is the first faculty member at a business school to be honored with the annual award in social psychology since its inception in 1974. The award recognizes researchers for contributions made during the first nine years after receiving their PhD. Epley was recognized in the area of social psychology for his research on the experimental study of social cognition, perspective taking, and intuitive human judgment.
A faculty member at Chicago Booth since 2005, Epley’s research has appeared in more than two dozen journals and in media outlets including the New York Times and Wall Street Journal, and has been funded by the National Science Foundation.—A.F.
Fogel Awarded Simon Kuznets Medal
Robert Fogel, Charles R. Walgreen Distinguished Service Professor of American Institutions, was awarded the Simon Kuznets medal from the Simon Kuznets International Institute for Development and Self-Organization. Fogel is the first recipient of the medal, which was given to him in recognition of his outstanding contribution to economic thought development. The award ceremony took place at the International Scientific Symposium for Development in Kiev and was devoted to celebrating the life and achievements of Kuznets.
Fogel is a Nobel laureate, and also heads the Center for Population Economics at Chicago Booth. He has authored more than 80 articles and written and contributed to several books, including The Escape from Hunger and Premature Death, Time on the Cross and, most recently, The Changing Body: Health, Nutrition, and Human Development in the Western World since 1700 (with Roderick Floud, Bernard Harris, and Sok Chul Hong).—K.A
Groupon Cofounders Named Entrepreneurial Champions
Brad Keywell and Eric Lefkofsky, adjunct professors of entrepreneurship and cofounders of Groupon, received the 2011 Entrepreneurial Champion Award from the Chicagoland Entrepreneurial Center at the annual Momentum Awards Dinner in October. The award, which was sponsored by BMO Harris Bank, recognized the two as being “prominent members of the business and entrepreneurial community, who not only are successful in their own business ventures, but are also invested in the success of their surrounding community.”
Leuz Awarded Wildman Medal
Christian Leuz, Joseph Sondheimer Professor of International Economics, Finance, and Accounting and Richard N. Rosett Faculty Fellow, was awarded the Deloitte Wildman Medal for excellence in accounting research at the American Accounting Association 2011 annual meeting. The award, named in honor of John R. Wildman, a partner in the firm and first president of what later became the American Accounting Association, recognizes research which is judged either to have made or be likely to make the most significant contribution to the advancement of the practice of public accountancy, including audit, tax, and management services.
Leuz’s article, “Accounting Convergence and the Potential Adoption of IFRS by the U.S.,” was published as a two-part series in Accounting Horizons. The paper was coauthored with Luzi Hail of Wharton and Peter Wysocki of the University of Miami.
A member of the faculty since 2006, Leuz has won several other awards and honors, including 2010 Notable Contribution to the Accounting Literature Award, and a JFE All Star Paper Award. He is the editor of the Journal of Accounting Research and sits on the editorial board of several notable journals. Leuz also edited the book The Economics and Politics of Accounting: International Perspectives on Research Trends, Policy, and Practice, with the late Anthony Hopwood, MBA ’67, PhD ’71, and Dieter Pfaff.—M.S.
Meadow Wins Richard J. Daley Award
Scott Meadow, clinical professor of entrepreneurship, received the Richard J. Daley Award from the Illinois Venture Capital Association. The award recognizes a single individual who has given direct and extraordinary support to the State of Illinois by participating in or being an advocate for the venture capital and private equity (VC/PE) industry.
Meadow worked full time in the VC/PE industry until 2003, when he decided to bring his experiences and skills to teaching at Chicago Booth. He received the 2002, 2003, 2004, and 2005 Phoenix Awards, the Faculty Excellence Award in 2010, and was designated by Businessweek’s “Guide to the Best Business Schools” as one of the outstanding entrepreneurial professors in the country, and by Venture One as a top health care services investor in the country. He also is the faculty advisor for Chicago Booth’s Venture Capital Investment Competition (VCIC).—K.A.
Thaler Honored by RIIA
Richard Thaler, Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics, was awarded the Achievement in Applied Retirement Research by the Retirement Income Industry Association (RIIA). Thaler is the coauthor of the global bestseller Nudge: Improving Decisions about Health, Wealth, and Happiness, which uses concepts of behavioral economics to tackle some of society’s major problems. He has published numerous articles and authored or edited four other books. He is the co-director (with Robert Shiller of Yale University) of the NBER project on behavioral economics, and is a fellow of the American Finance Association.
Thaler was specifically honored by the RIIA for making “a real impact on consumers.”—K.A., L.M.B.
Yenkey Wins Dissertation Awards
Christopher Yenkey, assistant professor of organizations and strategy, won two awards from the Academy of Management, and one award from the American Sociological Association, in recognition of his PhD dissertation, “Ethnic Homogeneity in a Social Network: Recruiting Investors into the Nairobi Stock Exchange.”
Yenkey is the third Chicago Booth faculty member in the past 11 years to win the William H. Newman Award from the Academy of Management. The award honors the best research papers of the year that are based on a PhD dissertation. His winning paper, “Building Markets from Ethnically Fractionalized Networks: Recruiting Investors into the Nairobi Stock Exchange,” applied institutional theory and social network analysis to a set of interdisciplinary research questions focused on deepening investor participation in emerging financial markets in east Africa. The Newman Award recognizes work that is “both practically and theoretically relevant and important,” according to the Academy of Management.
Yenkey also received the Louis R. Pondy Best Dissertation Paper Award from the Organization and Management Theory Division of the Academy of Management, and the Ronald Burt Outstanding Student Paper Award from the American Sociological Association’s economic sociology division, which recognizes one doctoral candidate paper each year and is named after Ronald Burt, Hobart W. Williams Professor of Sociology and Strategy.—A.F.
2011 Teaching Awards
Five Chicago Booth faculty members have been recognized by students and administrators for their outstanding teaching efforts during the 2010–11 year.
Philip Berger, Wallace W. Booth Professor of Accounting, was awarded the Phoenix Award. The award recognizes a faculty member who has enriched student life both in the classroom and through involvement in extracurricular activities.
Alan Bester, associate professor of econometrics and statistics, received the Emory Williams Award for Teaching Excellence from students in the Full-Time MBA, Evening MBA, and Weekend MBA programs. The award recognizes accessibility to students, and enthusiasm and innovation in teaching.
Matthew Bothner, visting professor of organizations and strategy, was awarded the Hillel J. Einhorn Excellence in Teaching Award at both the London and Singapore campuses. He was nominated by graduating Executive MBA students for his course in strategic leadership.
Ronald Burt, Hobart W. Williams Professor of Sociology and Strategy, also received the Hillel J. Einhorn Excellence in Teaching Award. Students in the Executive MBA Program North America selected him for the honor.
Linda Ginzel, clinical professor of managerial psychology, received the Faculty Excellence Award from students in the Evening MBA and Weekend MBA programs. The award honors those faculty members who have demonstrated an exceptional commitment to teaching.
Lubos Pastor, Charles P. McQuaid Professor of Finance and Robert King Steel Faculty Fellow, received the McKinsey Award for Excellence in Teaching, established in 1979 by McKinsey and Company. Pastor teaches courses in investments and portfolio management.—A.F.