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 editor of the journal. [1]

Contents

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]

PaperAuthor(s)YearIssue
"The complexity of compensation contracts"
"The decline of takeovers and disciplinary managerial turnover"
Stacey R. Kole
Wayne H. Mikkelson and M. Megan Partch
1997January
May
"Risk management, capital budgeting, and capital structure policy for financial institutions: an integrated approach"Kenneth A. Froot and Jeremy C. Stein 1998January
"The determinants and implications of corporate cash holdings"Tim Opler, Lee Pinkowitz, René M. Stulz and Rohan Williamson1999April
"On the optimality of resetting executive stock options" Viral V. Acharya, Kose John and Rangarajan K. Sundaram 2000July
"The theory and practice of corporate finance: Evidence from the field" John R. Graham and Campbell Harvey 2001May/June
"Does diversification destroy value? Evidence from industry shocks"Owen A. Lamont and Christopher Polk2002January
"Stock market driven acquisitions" Andrei Shleifer and Robert W. Vishny 2003December
"Are dividends disappearing? Dividend concentration and the consolidation of earnings"Harry DeAngelo, Linda DeAngelo, and Douglas J. Skinner 2004June
"Payout policy in the 21st century "Alon Brav, John R. Graham, Roni Michaely, and Campbell R. Harvey 2005September
"Tax shelters and corporate debt policy"John R. Graham and Alan L. Tucker2006September
"Does backdating explain the stock price pattern around executive stock option grants?"Randall A. Heron and Erik Lie 2007February
"Why do private acquirers pay so little compared to public acquirers?"Leonce L. Bargeron, Frederik P. Schlingemann, René M. Stulz, and Chad J. Zutter2008September
"Share issuance and cross-sectional returns: International evidence"R. David McLean, Jeffrey Pontiff, and Akiko Watanabe2009October
"The marketing of seasoned equity offerings"Xiaohui Gao and Jay Ritter2010July
"Ownership structure and the cost of corporate borrowing" Lin Chen, Yue Ma, Paul Malatesta, and Yuhai Xuan2011April
"Securitized banking and the run on repo" Gary Gorton and Andrew Metrick 2012June
"Managerial attitudes and corporate actions" John Graham, Campbell R. Harvey, and Manju Puri 2013July
"Firm boundaries matter: Evidence from conglomerates and R&D activity"Amit Seru2014February
"Target revaluation after failed takeover attempts - Cash versus stock"John R. Graham, Mark T. Leary, and Michael R. Roberts2015December
"The ownership and trading of debt claims in Chapter 11 restructurings" Ulrike M. Malmendier, Marcus Opp, and Farzad Saidi2016January
"The U.S. listing gap"Craig Doidge, G. Andrew Karolyi, and René M. Stulz 2017March
"How does hedge fund activism reshape corporate innovation?"Alon Brav, Wei Jiang, Song Ma, and Xuan Tian2018November
What's in a (school) name? Racial discrimination in higher education bond marketsCasey Dougal, Pengjie Gao, William J. Mayew, and Christopher A. Parsons2019December
How do venture capitalists make decisions? Paul Gompers, Will Gornall, Steven Kaplan and Ilya A. Strebulaev 2020January
Does common ownership really increase firm coordination? Katharina Lewellen and Michelle Lowry 2021July [3]
How much should we trust staggered difference-in-differences estimates?Andrew Baker, David F. Larcker, and Charles C.Y. Yang2022May

See also

Notes

  1. 1 2 "The Journal of Financial Economics Best Paper Prizes". Journal of Financial Economics. 2007-06-03. Archived from the original on 2018-04-07. Retrieved 2007-09-11.
  2. "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. Archived from the original on 2011-09-27. Retrieved 2007-09-11.
  3. Journal of Financial Economics: Jensen and Fama-DFA Prizes