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Two NYU Stern Professors Under 40 Receive Prestigious Awards for Their Research

ljungqvist and gabaix 231x174 photo
Two of NYU Stern’s faculty members have recently received prestigious awards, each given to researchers under the age of 40, for their research to date and respective contributions to their fields. Xavier Gabaix (left), Martin J. Gruber Chair in Asset Management, has been awarded the 2011 Fischer Black Prize. Alexander Ljungqvist (below), Ira Rennert Chair in Finance and Entrepreneurship, received the 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship.

“Stern’s faculty drive the conversation between business and society by constantly developing new ideas with far-reaching implications for global business,” said Peter Henry, Dean of NYU Stern.

“We are extremely proud of Xavier and Alexander, two of Stern’s rising young stars, for winning these prestigious awards. The academic community’s recognition of these outstanding scholars reinforces our faculty’s reputation for their research prowess,” said Ingo Walter, Vice Dean of Faculty at NYU Stern.

Xavier Gabaix, Martin J. Gruber Chair in Asset Management, has been awarded The Fischer Black Prize, considered one of the most esteemed awards among scholars in the field of finance. Established in 2002 and awarded biennially by the American Finance Association, the prize is given to a single researcher under the age of 40 for a body of original work that is relevant to finance practice. As noted by the selection committee, Xavier has made many highly original research contributions on a number of subjects in financial economics, notably on the level of compensation of corporate executives and behaviorally influenced decision making and its influence on asset market behavior. Xavier joined Stern in 2007 and, in addition to his individual research, has contributed to collective faculty efforts, namely “Restoring Financial Stability: How to Repair a Failed System” (Wiley, 2009) and “Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance” (Wiley, 2010). He has been quoted for his views in The Economist and The Wall Street Journal among other media.

Alexander Ljungqvist, Ira Rennert Professor of Finance and Entrepreneurship, received the 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship. This award is also given biennially to a researcher under 40 years old, who has made a significant contribution to the literature in entrepreneurship. Alexander joined Stern in 2000, and has been research director of the Berkley Center since 2005 and leads the Salomon Center’s research activities in the field of alternative investments. In addition to his work at Stern, Alexander serves as the editor of the Review of Financial Studies.

New York University Stern School of Business, located in the heart of Greenwich Village, is one of the nation’s premier management education schools and research centers. NYU Stern offers a broad portfolio of academic programs at the graduate and undergraduate levels, all of them informed and enriched by the dynamism, energy and deep resources of the world’s business capital.