Two Research Initiatives

1. To promote excellence in research by Stern MBAs, the Institute awards fellowships each year to outstanding second year MBA students to conduct independent research projects. A number of Glucksman research papers have received special recognition for their scholarly contributions. The Wall Street Journal (June 13, 2006, page C1, “Kraft's Stock Issue May Test Shelf Life”) cited the research paper completed in 2001 by Audra Low, “A Study of Two-Step Spinoffs.” According to her supervisor, Professor David Yermack, this Glucksman research report has become a standard source for practitioners.  The research paper by Matthew Callahan, “To Hedge or Not To Hedge… That is the Question,” completed in 2002 under the supervision of Professor Marti Subrahmanyam, received the International Precious Metals Institute Student Financial Research Award. A paper completed in 2000, supervised by Professor Robert Whitelaw, entitled “Internet Message Board Activity and Market Efficiency: A Case Study of the Internet Service Sector Using RagingBull.Com” by Robert Tumarkin, appeared in the Financial Analysts Journal (May/June 2001).
2. To recognize and promote excellence in research, the Institute awards an annual $5,000 prize for the best research paper in finance by a Stern faculty member. The Glucksman Prize winner in 2003, "Asset Pricing with Liquidity Risk," by Viral Acharya and Lasse Pedersen, was recognized as the 2005 Best Paper in Capital Markets published in the Journal of Financial Economics.