Toby Moskowitz

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Toby Moskowitz
Born February 3, 1971 (1971-02-03) (age 37)
Residence U.S.
Nationality American
Fields Financial economics
Institutions University of Chicago Graduate School of Business (1998-)
Alma mater UCLA, Anderson School (Ph.D.)
Purdue, Krannert School (B.S. and a M.S.)
Doctoral advisor Mark Grinblatt
Notable awards Fischer Black Prize

Tobias Jacob "Toby" Moskowitz (born February 3, 1971) is an American financial economist and a professor at the University of Chicago Graduate School of Business (GSB). He was the winner of the 2007 American Finance Association (AFA) Fischer Black Prize, which is awarded biennially to the top finance scholar under the age of 40 in years when one is deemed deserving.[1]

Contents

[edit] Education

Ph.D., Finance, June 1998, University of California, Los Angeles, Anderson School of Management.
M.S., Management (Finance), May 1994, Purdue University, Krannert School of Management.
B.S., Industrial Management/Industrial Engineering, with Distinction, May 1993, Purdue University.

[edit] University of Chicago

Moskowitz has been a faculty member at the GSB since 1998. Moskowitz has published numerous award winning research papers and was promoted to full professor in 2005. He is currently the Professor of Finance and Neubauer Family Faculty Fellow at the GSB.[2] In 2007, he was the second winner of the Fischer Black prize.[3] There had been no winner in 2005 after Raghuram G. Rajan won the inaugural award in 2003.[4]

In the words of the AFA, Moskowitz was honored for "ingenious and careful use of newly available data to address fundamental questions in finance." In Moskowitz' own words, "I try to measure things that are not easy to measure."[4] Moskowitz was praised by the AFA as follows: "Professor Moskowitz accomplishes the difficult task of testing the theory while having access to much less information than is available to market participants."[5] According to the University of Chicago press release, "Moskowitz has explored topics as diverse as momentum in stock returns, local bias in investment portfolio choice, and the social effects of bank mergers. He also looked at the return to private business ownership, the trading and financing of commercial real estate, and the political economy of financial regulation."[6]

Moskowitz won the 2000 Smith-Breeden Prize for "Home Bias at Home: Local Equity Preference in Domestic Portfolios" (with Joshua Coval),[7] the best paper published in the Journal of Finance and the 2005 Brattle Prize for "Testing Agency Theory with Entrepreneur Effort and Wealth" (with Marianne P. Bitler and Annette Vissing-Jørgensen),[8] the best corporate finance paper published in the Journal of Finance. He also won the 2004 and 2005 Barclays Global Investors Michael Brennan Award for the best paper published in the Review of Financial Studies.[6] His 2004 paper, "Informal Financial Networks: Theory and Evidence" (with Mark Garmaise), placed first, and his 2005 paper, "Confronting Information Asymmetries: Evidence from Real Estate Markets" (with Garmaise), was runner-up.[9]

[edit] Notes

  1. ^ American Finance Association, Fischer Black Prize. Retrieved on 2007-09-08.
  2. ^ Tobias J. Moskowitz. University of Chicago. Retrieved on 2007-09-08.
  3. ^ American Finance Association announcement quote in: "University of Chicago Graduate School of Business Professor Named Top Finance Scholar Under Age 40 by American Finance Association", Chicago Graduate School of Business, 2007-01-10. Retrieved on 2007-09-08. 
  4. ^ a b "Toby Moskowitz ('98) Receives 2007 Fischer Black Prize from American Finance Association", UCLA Anderson School of Management. Retrieved on 2007-06-20. 
  5. ^ Accolades. The University of Chicago Chronicle (2007-05-10). Retrieved on 2007-09-09.
  6. ^ a b Friedman, Allan and Barbara Backe (2007-01-10). University of Chicago Graduate School of Business Professor Named Top Finance Scholar Under Age 40 by American Finance Association. The University of Chicago Graduate School of Business. Retrieved on 2007-09-09.
  7. ^ Abstracts of Smith Breeden Prize Winning Papers. American Finance Association. Retrieved on 2007-09-09.
  8. ^ Abstracts of Brattle Prize Winning Papers. American Finance Association. Retrieved on 2007-09-09.
  9. ^ Barclays Global Investors (BGI) Michael Brennan Award. Oxford Journals. Society for Financial Studies. Retrieved on 2007-09-09.

[edit] References

Moskowitz, Tobias Jacob (1998) Asset pricing and fund investment anomalies. Ph.D. dissertation, University of California, Los Angeles, United States -- California.

[edit] External links