American Finance Association - Prizes and Awards - Morgan Stanley-AFA Award For Excellence in Finance

Morgan Stanley-AFA Award For Excellence in Finance

AFA has established a new bi-annual finance award to be granted based on an individual's career achievements in outstanding thought leadership in the field of financial economics. Formally it is the Morgan Stanley-American Finance Association Award for Excellence in Finance. The Award will be granted by AFA beginning in 2008 and continuing for 5 bi-annual periods. There shall only be one recipient of the Award in any bi-annual period.

Morgan Stanley (NYSE:MS) and the American Finance Association (AFA) are pleased to announce that Eugene F. Fama, the Robert R. McCormick Distinguished Service Professor at the University of Chicago, Graduate School of Business, has been chosen as the first recipient of the Morgan Stanley-AFA Award for Excellence in Finance. Professor Fama is widely regarded as the father of the efficient market theory and is world-renowned for his original theoretical and empirical work on portfolio theory, asset pricing, and capital structure. The Award comes with a $200,000 cash grant to an eligible institution to be used in support of research in the financial field of the recipient's choosing. Professor Fama selected the University of Chicago, Graduate School of Business, to receive the gift.

The AFA and Morgan Stanley announce Michael C. Jensen as Recipient of the 2009 Award for Excellence in Financial Economics. Professor Jensen is one of the most cited scholars in the social sciences and has produced more than 100 scientific papers in addition to hundreds of articles on economics, finance and business-related topics. Additionally, he co-founded the Journal of Financial Economics, one of the top scientific journals in financial economics and the Social Science Research Network (SSRN), rated number 1 of 400 worldwide open source repositories for scholarly research. Professor Jensen has selected the National Bureau of Economic Research, Harvard Business School and the Simon School of Business at the University of Rochester as recipients of the $200,000 cash grant.

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