Professors Gur Huberman and Wei Jiang of the Finance and Economics Division received the Smith Breeden Distinguished Paper Prize at the 2007 annual meeting of the American Finance Association in Chicago.
Huberman, the Earle W. Kazis and Benjamin Schore Professor of Finance and Economics, and Jiang, the Sidney Taurel Associate Professor of Business, coauthored “Offering vs. Choice by 401(k) Plan Participants: Equity Exposure and Number of Funds” in the April 2006 Journal of Finance. The authors used the records of more than half a million participants in over 600 401(k) plans to investigate participants’ selections in relation to the menu of choices they are offered.
Huberman, who joined the faculty in 1989, is managing editor of the International Journal of Theoretical and Applied Finance. His research interests include behavioral finance, money management and retirement savings. Jiang joined the faculty in 2001. She is primarily interested in corporate finance, corporate governance and portfolio management. A TIAA-CREF Institute fellow since 2005, her current research analyzes the governance of investment companies and institutional investors’ role in corporate decisions and governance.
The Smith Breeden Prizes are awarded annually for the top three papers in any area other than corporate finance in the Journal of Finance, the official publication of the American Finance Association (AFA). The prize for the best paper is $10,000, and the two prizes for distinguished papers are $5,000 each. The AFA is the premier academic organization devoted to the study and promotion of knowledge about financial economics.
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