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FRIC Awards

The Center for Financial Frictions and the Department of Finance at Copenhagen Business School host the annual AQR Top Finance Graduate Award at CBS. This award recognizes the most promising finance PhD graduates in the year the award is given. Specifically, the award recognizes the graduates specializing in financial economics pursuing degrees in any field of study, e.g. business or economics, whose dissertation and broader research potential carry the greatest promise of making an impact on the finance practice and academia. The winners each receive a monetary award and plaque and present their research in Copenhagen for the Award Ceremony. The meeting starts in the morning, includes a lunch, and ends in the afternoon. Award Selection Committee: Please note, the Award Selection Committee conducts an independent search for candidates so candidates cannot apply for this award. See the previous award winners here:

Winners 2018

Laura Blanttner PhD from Harvard University: When Losses Turn Into Loans: The Cost of Undercapitalized Banks Now assistant professor at Stanford Graduate School of Business
Emanuele Colonnelli PhD from Stanford University: Corruption And Firms: Evidence From Randomized Audits In Brazil Now assistant professor at University of Chicago, Booth School of Business
Niels Joachim Gormsen PhD from Copenhagen Business School: Time Variation of the Equity Term Structure  Now assistant professor at University of Chicago, Booth School of Business
Kilian Huber London School of Economics: Are Bigger Banks Better? Firm-Level Evidence from Germany Now assistant professor at University of Chicago, Booth School of Business
Yiming Ma PhD from Stanford Graduate School of Business: Intermediation in the Interbank Lending Market Now assistant professor at Columbia Business School
Yueran MA PhD from Harvard University: Low Interest Rates and Risk Taking: Evidence from Individual Investment Decisions Now assistant professor at University of Chicago, Booth School of Business 
Scott Nelson PhD for MIT: Private Information and Price Regulation in the US Credit Card Market  Now assistant professor at University of Chicago, Booth School of Business

Winners 2017

Moritz Lenel, PhD from Stanford University: Safe Assets, Collateralized Lending and Monetary Policy Now research fellow at the Becker Friedman Institute at the University of Chicago. In the summer of 2018, he will join the Bendheim Center for Finance at Princeton University
Emily Williams, PhD from London Business School: Monetary Policy Transmission and the Funding Structure of Banks Now assistant professor at Harvard Business School
Alexander K. Zentefis, PhD from University of Chicago Booth School of Business: Bank Net Worth and Frustrated Monetary Policy  Now assistant professor at Yale School of Management
Simona Abis, INSEAD: Man vs. Machine: Quantitative and Discretionary Equity Management Now assistant professor at Columbia Business School
Pascal Noel, Harvard University: The Effect of Debt on Default and Consumption: Evidence from Housing Policy in the Great Recession Now assistant professor at University of Chicago, Booth School of Business
Jessica Jeffers, Wharton School of the University of Pennsylvania: The Impact of Restricting Labor Mobility on Corporate Investment and Entrepreneurship Now assistant professor at University of Chicago, Booth School of Business

Winners 2016

Asaf Bernstein, PhD from MIT Sloan School of Management: Household Debt Overhang and Labor Supply Now assistant professor at University of Colorado Boulder, Leeds School of Business
Arpit Gupta, PhD from Columbia Business School: Foreclosure Contagion and the Neighborhood Spillover Effects of Mortgage Defaults Now assistant professor at New York University, Stern School of Business.
Elisabeth Kempf, PhD from Tilburg University: The Job Rating Game: The Effects of Revolving Doors on Analyst Incentives Now assistant professor at The University of Chicago, Booth School of Business
Song Ma, PhD from Duke University’s Fuqua School of Business: The Life Cycle of Corporate Venture Capital Now assistant professor at Yale School of Management
David Schoenherr, PhD from London Business School: Political Connections and Allocative Distortions Now assistant professor at Princeton University
Michael Schwert, PhD from Stanford Graduate School of Business: Bank Capital and Lending Relationships Now assistant professor at The Ohio State University, Fisher College of Business

Winners 2015

Svetlana Bryzgalova, PhD from London School of Economics: Spurious Factors in Linear Asset Pricing Models. Now assistant professor at Stanford Graduate School of Business
Benjamin Hébert, PhD from Harvard University: Moral Hazard and the Optimality of Debt. Now assistant professor at Stanford Graduate School of Business
Sabrina Howell, PhD from Harvard University: Financing Constraints as Barriers to Innovation: Evidence from R&D Grants to Energy Startups Now assistant professor at New York University Stern School of Business
Lawrence Jin, PhD from Yale School of Management: A Speculative Asset Pricing Model of Financial Instability Now assistant professor at California Institute of Technology
Lawrence Schmidt, PhD from University of California, San Diego: Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk Now assistant professor at the University of Chicago
Emil Siriwardane, PhD from NYU Stern School of Business: Concentrated Capital Losses and the Pricing of Corporate Credit Risk Now assistant professor at Harvard Business School

Winners 2014

Eduardo Dávila, PhD from Harvard University: Optimal Financial Transaction Taxes Now assistant professor at New York University, Stern School of Business
Maryam Farboodi, PhD from University of Chicago Booth School of Business and Department of Economics: Intermediation and Voluntary Exposure to Counterparty Risk Now assistant professor at Princeton University
François Geerolf, PhD from Sciences Po Paris: A Theory of Power Law Distributions for the Returns to Capital and of the Credit Spread Puzzle Now assistant professor at University of California, Los Angeles (UCLA)
Boris Vallée, PhD from HEC Paris: Catering to Investors through Product Complexity Now assistant professor at Harvard Business School
Victoria Vanasco, PhD from University of California, Berkeley: Information Acquisition vs. Liquidity in Financial Markets Now assistant professor at Stanford Graduate School of Business
Michael Weber, PhD from University of California, Berkeley, Haas School of Business: Nominal Rigidities and Asset Pricing Now assistant professor at University of Chicago, Booth School of Business

Winners 2013

Jean-Noël Barrot, PhD from HEC Paris School of Management: Financial Strength and Trade Credit Provision: Evidence from Trucking Firms Now assistant professor at MIT Sloan School of Management
Gabriel Chodorow-Reich, PhD from University of California, Berkeley: The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis Now assistant professor at Harvard University
Timothy J. McQuade, PhD from Harvard University: Stochastic Volatility and Asset Pricing Puzzles Now assistant professor at Stanford Graduate School of Business
Marina Niessner, PhD from University of Chicago: Strategic Disclosure Timing and Insider Trading Now assistant professor at Yale School of Management
Felipe Varas, PhD from Stanford Graduate School of Business: Contracting Timely Delivery with Hard to Verify Quality Now assistant professor at Fuqua School of Business, Duke University


Last updated by: Administrator User 23/04/2019