News and Honors

Finance Group Press Clippings

Lo: Why animal spirits can cause markets to break down: In this opinion piece, MIT Sloan Prof. Andrew Lo writes, "Recent neuroscientific research has shown that what we consider to be 'rational' behavior is the outcome of a balance among several brain functions, including emotion, logical deliberation and memory." More >>
Manso: Something for the weekend: MIT Sloan Assistant Professor Gustavo Manso says that in order to be creative, managers need to have space to fail and incentives need to be tailored to reward innovation. More >>
Lo: 'Kill all the quants'?: Models vs. mania in the current financial crisis: It was announced that MIT Sloan Prof. Andrew Lo will deliver a speech entitled "Kill all the Quants"?: Models vs. Mania in the Current Financial Crisis during the annual meeting of the Society for Industrial and Applied Mathematics on July 8. More >>

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Finance Group Honors

Stew Myers is a co-winner of the 2009 III Edition of the Jaime Fernández de Araoz Corporate Finance Award: Stew Myers is a co-winner of the 2009 III Edition of the Jaime Fernandez de Araoz Corporate Finance Award, which was created to encourage the development of knowledge within the field of corporate finance by rewarding individuals or teams that contribute to this field through their research work or applied experience. The award was for the paper "The Internal Governance of Firms" (joint with Viral V. Acharya and Raghuram Rajan), for opening new and pathbreaking insights into corporate governance structures which had not been explored up to date in the classical agency theory perspective, as well as opening very promising research possibilities for scholarly work in this area. More >>
Antoinette Schoar has received the Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship: Antoinette Schoar has received the Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship. This award was established by the Ewing Marion Kauffman Foundation in 2005 to inspire promising young scholars to contribute new insight to entrepreneurship. The honor, which includes a cash prize, is awarded every two years to one scholar younger than 40 "whose research has made a significant contribution to the literature in entrepreneurship." More >>
Stew Myers has been appointed as a Research Fellow of the European Corporate Governance Institute (ECGI): Myers's appointment was announced earlier this month at the ECGI's General Assembly in Barcelona. The ECGI, which was founded in 2002, is an international scientific non-profit association. It provides a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practice. More >>

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