FACULTY  NEWS

New Research Awards

RESEARCH HAS ITS OWN REWARDS.  BUT FROM NOW ON IT ALSO WILL RECEIVE SPECIAL RECOGNITION FROM THE COLLEGE'S OFFICE OF RESEARCH.  THIS FALL IT ESTABLISHED TWO RESEARCH AWARDS, ONE FOR JUNIOR AND ON FOR SENIOR FACULTY.

Each researcher who is selected will receive $1,000 and a plaque commemorating the occasion.   A plaque listing the names of all recipients will also be prominently displayed in the college.  The recipients of the award will also be recognized at the College Awards Banquet held in April.  the first faculty honored with these awards are Kevin Hallock, assistant professor of economics, and Josef Lakonishok, the William G. Karnes Professor of Mergers and Acquisitions.

Kevin Hallock joined the economics department in 1995 after completing his doctorate at Princeton.  A labor economist, he has published several articles in the leading economics and finance scholarly journals, including the American Economic Review.  Although in the filed only a few years, he is already established as an expert on executive compensation, as witnessed by the fact that his work is either featured or quoted in Barron's, The Economist, and Businessweek.   In addition to his publishing record in journals and elsewhere, Hallock is an excellent teacher and has served on ten doctoral committees.  Two years ago he started the Applied Economics Workshop, which has attracted large numbers of faculty and graduate students.

 

Josef Lakonishok joined the finance faculty in 1987 following positions at Cornell and Tel Aviv universities. In nominating him, department chair Morgan Lynge wrote, "Lakonishok has compiled a record of scholarly contributions that few in his field can match. His early work on problems in stock market prices and returns ran counter to the accepted paradigm and was very controversial. It has since become the predominant view and has had an immense impact on the field . . . . he has made pioneering contributions that have increased our understanding of what determines prices and trading volumes on the stock market, the dividend policies followed by companies, the behavior of financial analysts and professional investors, and the effects of alternative accounting methods." He is the most frequent contributor to the Journal of Finance, the leading journal in his field. His work is frequently cited by other scholars (515 times from 1986-96) as well as in the popular media, including The Wall Street Journal and The New York Times.

Noteworthy

Grants

Intel Makes
Equipment Awards

Intel has made awards of advanced computer equipment to the following Commerce faculty to support their research efforts:

Louis Chan and Josef Lakonishok, Finance

Roger Koenker, Economics

Larry DeBrock, Economics

Kevin Hallock, Economics

Neil Pearson, Finance

Zvi Ritz, Business Administration, OIM

Michael Shaw, Business Administration

Devanathan Sudharshan, Business Administration