Milton Harris, an expert in corporate finance and the Chicago Board of Trade Professor of Finance and Economics at the University of Chicago Booth School of Business, was elected a Fellow of the American Finance Association, the AFA announced at its annual meeting in Denver on January 8.
Fellows are chosen in recognition of their distinguished contribution to the field of finance. Harris is the fifth member of the Chicago Booth faculty to receive the honor since it was first awarded in 2000.
Harris "has produced path breaking research in several areas of corporate finance and on the economic theory of information," according to the group's announcement. "Among many important results, he is particularly recognized for his work on the design of securities, of firms, and more generally of organizations. Professor Harris has frequently uncovered important new insights stemming from the role of asymmetric information, particularly in settings involving contract design and agency relationships."
Harris received a Ph.D. and a master's degree in economics from the University of Chicago. He did his undergraduate studies at Rice University where he earned a bachelor's degree in mathematics.
Other Chicago Booth faculty who are Fellows of the American Finance Association are George Constantinides, the Leo Melamed Professor of Finance, Douglas Diamond, the Merton H. Miller Distinguished Service Professor of Finance, Eugene Fama, the Robert R. McCormick Distinguished Service Professor of Finance, and Richard Thaler, the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics.