The University of Illinois at Chicago Business School recently announced that finance professor Quoc Nguyen was awarded the 2016 Hillcrest Behavioral Finance Award for his contributions to “Lazy Prices,” a paper co-authored with Lauren Cohen and Christopher Malloy that focuses on changes to corporate reporting language that had previously been copied and pasted from one report to the next.
The award annually recognizes excellence in research through the selection of a current non-published paper from academics on the subject of behavioral finance. The award is presented each year by Hillcrest Asset Management.
“This study is on the cutting edge of behavioral finance research and is a deserving winner of the Hillcrest Behavioral Finance Award,” said Brian Bruce, CEO of Hillcrest Asset Management and editor of The Journal of Behavioral Finance.
Professor Nguyen earned his bachelor’s of Mathematics (computational mathematics and statistics) from the University of Waterloo in 2007 and his Ph.D. in Finance from University of Illinois at Urbana Champaign in 2013.
“Lazy Prices” is the fourth paper he’s had published, following “The Impact of Forced Migration on Modern Cities: Evidence from 1930s Crop Failures,” March 2015 (with Lauren Cohen and Christopher Malloy); “The Effect of Government Spending on Corporate Investment: Evidence from Census Shocks,” 2012 (with Tae Kim); and “The Home(-sickness) Bias of International Holdings,” 2012.
You can read the research here.