- Jensen Prize
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The Jensen Prize is an annual prize given to authors with the best corporate finance and organizations research papers published in the Journal of Financial Economics. The award is named after Michael Jensen, a co-founding advisory editor of the journal.[1]
Details
Each year personal and student subscribers to the Journal of Financial Economics vote for the best paper in each of two categories after the journal's editorial office has enumerated all articles and assigned them to either the corporate finance and organizations area or the capital markets and asset pricing areas. Each subscriber may use one vote for each category. Currently the first prize in each category is $5,000 and the second prize is $2,500. The 2007 voting occurred from February 1 - May 31, 2007.[1]
Winners
The following table is a complete list of past winners of the Jensen Prize:[2]
Paper Author(s) Year Issue "The complexity of compensation contracts"
"The decline of takeovers and disciplinary managerial turnover"Stacey R. Kole
Wayne H. Mikkelson and M. Megan Partch1997 January
May"Risk management, capital budgeting, and capital structure policy for financial institutions: an integrated approach" Kenneth A. Froot and Jeremy C. Stein 1998 January "The determinants and implications of corporate cash holdings" Tim Opler, Lee Pinkowitz, René M. Stulz and Rohan Williamson 1999 April "On the optimality of resetting executive stock options" Viral V. Acharya, Kose John and Rangarajan K. Sundaram 2000 July "The theory and practice of corporate finance: Evidence from the field" John R. Graham and Campbell R. Harvey 2001 May/June "Does diversification destroy value? Evidence from industry shocks" Owen A. Lamont and Christopher Polk 2002 January "Stock market driven acquisitions" Andrei Shleifer and Robert W. Vishny 2003 December "Are dividends disappearing? Dividend concentration and the consolidation of earnings" Harry DeAngelo, Linda DeAngelo, and Douglas J. Skinner 2004 June "Payout policy in the 21st century " Alon Brav, John R. Graham, Roni Michaely, and Campbell R. Harvey 2005 September "Tax shelters and corporate debt policy" John R. Graham and Alan L. Tucker 2006 September Notes
- ^ a b "The Journal of Financial Economics Best Paper Prizes". Journal of Financial Economics. 2007-06-03. http://jfe.rochester.edu/jfeprize.htm. Retrieved 2007-09-11.
- ^ "Jensen Prizes for the Best Papers Published in the Journal of Financial Economics in the Areas of Corporate Finance and Organizations". Journal of Financial Economics. 2007-06-02. http://jfe.rochester.edu/winners.htm. Retrieved 2007-09-11.
Career awards Research awards Categories:- Award stubs
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- Academic journal stubs
- Economics awards
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