Awarded by: Jensen Prizes
The Department of Finance has received prize for papers published in the Journal of Financial Economics in 2003.
Associate Professor Vidhal Goyal won second prize in the Jensen Prizes for papers on corporate finance and organizations, which he co-authored with Professor Murray Z Frank of the University of British Columbia. Their paper was titled "Testing the pecking order theory of capital structure".
The annual prizes are selected by readers in a vote and come with a cash prize of US$5,000 for first prize and US$2,500 for second prize.