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Research honours

The European Investment Forum Prize is awarded by the Centre for Endowment Asset Management (CEAM) at Cambridge Judge Business School and FTSE Russell to Alejandro Lopez-Lira of the Wharton School at the University of Pennsylvania and Kate Suslava of Bucknell University.

Gold winner cup on blue background.

The Centre for Endowment Asset Management (CEAM) at Cambridge Judge Business School and FTSE Russell have awarded the first European Investment Forum Research Prize to Alejandro Lopez-Lira, PhD candidate at the Wharton School at the University of Pennsylvania and Kate Suslava, Assistant Professor at Bucknell University. The awards honour high-quality and innovative research being undertaken by junior scholars globally.

Five papers were shortlisted from 67 submissions, based on their contribution to original empirical research and relevance to asset management, and the authors were invited to present at the 2019 European Investment Forum held in Cambridge 28-29 April.

The award for Best Paper, selected by a prize committee, was won by Alejandro Lopez-Lira for his paper entitled “Risk factors that matter: textual analysis of risk disclosures for the cross-section of returns”.

The award for Best Presenter, selected by the audience of more than 80 investment professionals at the European Investment Forum, was won by Dr Kate Suslava, for her paper entitled “Stiff business headwinds and unchartered economic waters: the use of euphemisms in earnings conference calls”.

Each winner was awarded a prize of $1,000. The prize committee was led by Professor Elroy Dimson and Dr David Chambers of CEAM, a research centre that encourages scholarship in asset management and investment-related issues, and Reza Ghassemieh, Head of Research & Analytics at FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG) that is a global provider of benchmarks, analytics and data solutions with multi-asset capabilities.

Congratulations also go to the three other finalists who were shortlisted to present at the Forum: