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Professor Tobias Moskowitz Wins Prizes for Finance Papers

Professor of Finance and Neubauer Family Faculty Fellow Tobias Moskowitz is the author of several award-winning papers.

Journal of Finance Awards
The American Finance Association awarded him the 2005 Brattle Prize for the best corporate finance paper published in the Journal of Finance. His winning paper was entitled "Testing Agency Theory with Entrepreneur Effort and Wealth." The award is supported by the Brattle Group, which provides consulting and expert testimony services on economic, finance, regulatory and strategic issues to corporations, law firms, and public agencies around the globe.

The American Finance Association is the leading academic organization devoted to the study and promotion of knowledge about financial economics. The journal is the most widely-cited academic publication on finance.

The Brattle Prizes are awarded in conjunction with the Smith-Breeden Prizes for the three top papers on topics other than corporate finance. Moskowitz won the 2000 Smith Breeden Prize for his paper, “Home Bias at Home: Local Equity Preference in Domestic Portfolios.” He is believed to be the only individual to have won both awards. Smith-Breeden provides services related to the analysis and management of fixed-income interest rate risk.

Fed Chairman Alan Greenspan quoted Moskowitz’s 2000 Smith-Breeden Prize paper in a speech before the Banco de Mexico's 80th Anniversary International Conference, Mexico City in November, 2005. His remarks focused on “Stability and Economic Growth: The Role of the Central Bank.”

Barclay Global Investors/Michael Brennan Award
Moskowitz’s work has also been recognized by Review of Financial Studies published by Oxford. The journal is a leading source of major new research in financial economics. Each year it awards the Barclay Global Investors/Michael Brennan Award for the best paper. Moskowitz took second place in 2005 for a paper he co-authored on "Confronting Information Asymmetries: Evidence from Real Estate Markets." He won the 2004 prize for a paper he wrote with a colleague on "Informal Financial Networks: Theory and Evidence."