A paper exploring the characteristics shared by many of those people who become victims of financial fraud received one of five Best Paper awards from the CFP Board’s Center for Financial Planning, the CFP Board announced Thursday.
Five academic and research papers were selected from among the 34 submitted to the center. The awards were presented at the third Academic Research Colloquium for Financial Planning and Related Disciplines held earlier in February. The award winners were authors who did the most to advance the field of knowledge for financial planning and related subjects.
The paper on financial fraud, entitled “Victim Characteristics of Investment Fraud,” won the Northwestern Mutual Best Paper Award in Insurance/Risk Management. It was written by Steven Lee and Benjamin F. Cummings, both of the American College of Financial Services, and Jason Martin of Swarthmore College.
The TD Ameritrade Best Paper Award in Behavioral Finance went to Jonathan Huntley and Felix Reichling, both of the Wharton School at the University of Pennsylvania, and Valentina Michelangeli of Bank of Italy, for their paper “Chasing Returns in Retirement Accounts: Do Learning, Literacy, and Experience Matter?”
"Advertising Exposure and Portfolio Choice: Estimates Based on Sports Sponsorships" won the Emerging Scholar Best Paper Award. It was written by Ioannis Branikas of Lundquist College of Business at the University of Oregon.
The Best Paper Award in Investments went to Lauren Cohen and Christopher Malloy, both of Harvard Business School, Harvard University, and Quoc Nguyen of DePaul University, for their piece on "Lazy Prices.”
Vikas Agarwal, Hadiye Aslan, Lixin Huang and Honglin Ren of J. Mack Robinson College of Business, Georgia State University, won the Best Paper Award in Household Finance for their paper on "Policy Uncertainty and Household Stock Market Participation."
A full list of 2019 accepted papers is available on the Center for Financial Planning website.
The Best Paper series of awards recognizes authors from a variety of disciplines and sub-disciplines that relate to financial planning. The award carries a $2,500 cash prize for the authors of each winning paper, the center said.
“The winning papers are a solid representation of the depth and breadth of research that was presented at the colloquium,” said Charles Chaffin, director of academic initiatives at the CFP Board Center for Financial Planning. The competition has been held for three years,
The colloquium draws members of the global academic community together to focus on rigorous and relevant research within financial planning and related disciplines that directly or indirectly relates to the global financial planning practice, the center said. The CFP Board Center for Financial Planning hosts the colloquium in collaboration with the Canada-based Financial Planning Standards Council.