Ohio Student Receives Prize for
Undergraduate Research in
Finance
Two
students were awarded $12,000 in a
national competition for applied
undergraduate research in finance
conducted by the University of
Wisconsin-Madison School of
Business.
Lora
McInturf from Ohio University and Stephen
Moeller of Princeton University are
winners of the Wisconsin Prize
competition.
The
competition, which was held for the first
time in 1999, called for undergraduate
students at accredited U.S. universities
and recent graduates to submit examples of
applied research in finance to a panel of
judges assembled at UW-Madison. It was
sponsored by UW's Finance
Department.
Lora
McInturf's research on commercial bank
underwriting received a $5,000 award. She
investigated the relationship between
commercial banks and long-standing
corporate clients in light of the recent
relaxation of the Glass-Steagall banking
act. McInturf collected a unique data set
of underwriting and lending relationships
between commercial banks and their
clients. She examined whether it would be
possible for lenders to issue overpriced
debt securities to the public for a client
the bank privately knows to be in
distress.
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