2004 Headlines
Johnson School's Maureen O'Hara Earns Smith Breeden PrizeAmerican Finance Association Prize Awarded to Distinguished Professor February 23, 2004, Ithaca, New York The Johnson Graduate School of Management at Cornell University is pleased to announce that Maureen O'Hara, the Robert W. Purcell Professor of Management and professor of finance, has earned a coveted Smith Breeden Distinguished Paper Prize from the American Finance Association (AFA). "It is a great honor to receive this award," said O'Hara, former president of the AFA and only female to hold AFA's top leadership position. "Considering the exceptional work that has been published this year by my colleagues and peers, I am humbled and moved by this extraordinary award." Funded by Smith Breeden Associates and selected by its editors, awards are given annually to the top three papers that appear in The Journal of Finance in the March, June or September issues of that year, or in the December issue of the preceding year. The best paper receives a monetary prize of $10,000 and remaining two papers--distinguished papers--receive $5000 each. O'Hara won one of the two Distinguished Paper Prizes for her Presidential Address, thus marking the first time any AFA presidential address has won this prize. It is the third time in four years that O'Hara has earned a Smith Breeden Prize. Professor O'Hara's research and teaching interests are in financial institutions, particularly the structure of the securities market. Her recent research has examined the effects of information on asset prices, and the optimal regulation of exchanges and alternative trading systems. Professor O'Hara is Executive Editor of the Review of Financial Studies. She is past president of the American Finance Association and former chair of the Economics Advisory Board of the NASD. She has published more than 50 research papers, several of which have won awards, and a book, Market Microstructure Theory (1995). She also received the Russell Distinguished Teaching Award in 1993 and 2001 and the Class of 1992 Outstanding Teaching Award. The Johnson School at Cornell University, founded in 1946, is Cornell's graduate school of management. The Johnson School combines leading edge intellectual capital with "real time, real world" business practice and is among the top business schools in the world. The school is distinguished by a diverse, multinational community working closely within a small, interactive and intensely collaborative environment. The Johnson School offers a wide variety of opportunities for experiential learning, such as immersion curricula and student-run venture capital and mutual funds. Programs include MBA and doctoral degrees, a twelve-month MBA option for students with advanced degrees in science or engineering, an executive MBA and a variety of customized executive education programs. The Johnson School is located at the center of Cornell University-the largest of the Ivy League schools and one of the world's top research institutions. For More Information |
