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Brattle Prize Awarded Again to University of Chicago Graduate School of Business for Finance Research


Joshua Rauh won for his paper “Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans.” He received the award at the annual meeting of the American Finance Association, January 6. The Journal of Finance is published by the American Finance Association. Rauh joins a long list of Chicago GSB faculty members who have won a Brattle Prize, including Douglas Diamond, Raghuram Rajan, Anil Kashyap, Luigi Zingales, Tobias Moskowitz and Randall Kroszner.

During the current academic quarter Rauh is teaching a course in corporation finance to students in the school’s full-time and part-time MBA programs. He joined the Chicago GSB faculty in 2004 after receiving a Ph.D. from Massachusetts Institute of Technology.

Rauh’s other research includes “Earnings Manipulation, Pension Assumptions and Managerial Investment Decisions,” published in the Quarterly Journal of Economics, and “Own Company Stock in Defined Contribution Pension Plans: A Takeover Defense,” published in the Journal of Financial Economics.

In addition to his position at Chicago GSB, Rauh is a faculty research associate at the National Bureau of Economic Research in its program on public economics and aging. Earlier in his career he was an associate economist for Goldman Sachs International in London and he worked at Deutsche Bank in Frankfurt in corporate and institutional banking after completing an undergraduate degree in economics at Yale in 1996.

The University of Chicago Graduate School of Business is one of the leading business schools in the world. The school’s faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide. It is consistently ranked as one of the top ten business schools in the world and usually as one of the top five business schools in the world. The Chicago Approach to Management Education is distinguished by how it leverages fundamental knowledge, its rigor, and its practical application to business challenges.

Chicago GSB offers full-time and part-time MBA programs, a Ph.D. program, open enrollment executive education and custom corporate education. The school has campuses in London and Singapore in addition to two campuses in Chicago.