Chicago Booth’s Koijen named winner of 2019 Fischer Black Prize honoring top finance scholar under 40

Published on January 08, 2019

Ralph Koijen

Ralph Koijen, the AQR Capital Management Professor of Finance and Fama Faculty Fellow at the University of Chicago Booth School of Business, has been awarded the 2019 Fischer Black Prize by the American Finance Association (AFA).

The prize is awarded to the person under 40 whose work best exemplifies the Fischer Black hallmark of developing original research that is relevant to finance practice.

Koijen conducts research on asset pricing and macroeconomics, insurance markets, and financial econometrics. He is a co-editor of the Review of Financial Studies.

A professor of finance, Koijen also is a Fama Faculty Fellow and research associate at the National Bureau of Economic Research, and a research fellow of the Center for Economic Research.

Prior to joining the faculty at Chicago Booth, Koijen was a professor of finance at the London Business School and NYU Stern School of Business; he also was an assistant and associate professor of finance at Booth. He received his undergraduate degree in econometrics and Ph.D. in finance from Tilburg University in the Netherlands.

The Fischer Black Prize is named in honor of the late Fischer Black, former partner at Goldman Sachs and professor of finance at Booth and at the Massachusetts Institute of Technology. His seminal research included the development (with Myron Scholes) of the widely applied Black-Scholes Option Pricing Model.

Established in 2002, the prize honors individual financial research, and is awarded biennially at the AFA’s annual meeting. Other Booth winners of the Fischer Black Prize are Amir Sufi (2017); Tobias Moskowitz (2007, now at Yale); and Raghuram Rajan (2003 inaugural prize).