Image by Beth Rooney
Leuz Paper Takes Honor
The American Accounting Association (AAA) awarded the 2010 Notable Contributions to Accounting Literature Award to Christian Leuz, Joseph Sondheimer Professor of International Economics, Finance, and Accounting, and Richard N. Rosett Faculty Fellow, for the paper “International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?” which he coauthored with Luzi Hail.
Sponsored by the American Institute of Certified Public Accountants, the prestigious award is one of the highest honors for accounting research and is given annually based on such criteria as originality, breadth of potential interest, soundness of methodology, and potential impact on accounting education.
Leuz and Hail shared a $2,500 prize for the honor, which was awarded in August at the 2010 AAA annual meeting in San Francisco.—P.H.
Linnainmaa Wins for Best Paper
Assistant professor of finance Juhani Linnainmaa received the Goldman Sachs International Best Conference Paper Award at the 2010 European Finance Association meeting for “Do Smart Investors Outperform Dumb Investors?” which he coauthored with Mark Grinblatt and Matti Keloharju.
The award was presented at the group’s August meeting in Frankfurt, Germany.—P.H.
Award Recognizes Thaler
Tilburg University in the Netherlands honored Richard Thaler, Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics, with the Tjalling C. Koopmans Asset Award in June.
The award is given to “scientists who have made extraordinary contributions to the economic sciences and policy making, and have reached the highest standards of quality in academic research.”
Originally called the Efact Award, it was renamed after Koopmans, who taught in the University of Chicago Department of Economics from 1946 until 1955 and won the Nobel Prize in 1975.—P.H.