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Graham and Dodd Awards of Excellence

About the Awards

The Financial Analysts Journal aims to be the leading practitioner journal in the investment management community by advancing the knowledge and understanding of the practice of investment management. As part of this mission, and to honor Benjamin Graham and David Dodd, the Graham and Dodd Awards were created in 1960 to recognize excellence in research and financial writing in the Financial Analysts Journal.

2018 Graham and Dodd Award Winners

Past Graham and Dodd Award Winners

2017

Top Award

"Inefficiencies in the Pricing of Exchange-Traded Funds"
Antti Petajisto

Scroll Awards

"News vs. Sentiment: Predicting Stock Returns from News Stories"
Steven L. Heston and Nitish Ranjan Sinha

"Factor Investing in the Corporate Bond Market"
Patrick Houweling and Jeroen van Zundert, CFA

2016

Top Award

"Interconnectedness in the CDS Market"
Mila Getmansky, Giulio Girardi, and Craig Lewis

Scroll Awards

"Will Your Factor Deliver? An Examination of Factor Robustness and Implementation Costs"
Noah Beck, Jason Hsu,*Vitali Kalesnik, and Helge Kostka

"The Misrepresentation of Earnings"
Llia Dichev, John Graham, Campbell R. Harvey, and Shiva Rajgopal

*Per the policies of the Financial Analysts Journal, individuals who serve in an editorial role are not eligible to receive an award. Accordingly, not all authors of this article will be presented the Scroll Award.

2015

Top Award

"The Only Spending Rule Article You Will Ever Need"
M. Barton Waring and Laurence B. Siegel

Scroll Awards

"No Portfolio is an Island"
David M. Blanchett, CFA, and Philip U. Straehl

"The Crash Risks of Style Investing: Can They Be Internationally Diversified"
Timothy K. Chue, Yong Wang, CFA, and Jin Xu

Best Perspectives Award

"The British Origins of the US Endowment Model"
David Chambers and Elroy Dimson

Readers' Choice Award

"Low-Volatility Cycles: The Influence of Valuation and Momentum on Low-Volatility Portfolios"
Luis Garcia-Feijóo, CFA, CIPM,* Lawrence Kochard, CFA, Rodney N. Sullivan, CFA,* and Peng Wang, CFA

*Per the policies of the Financial Analysts Journal, individuals who serve in an editorial role are not eligible to receive an award. Accordingly, not all authors of this article will be presented the Scroll Award.

2014

Top Award

"Exotic Beta Revisited"
Mark Carhart, CFA, Ui-Wing Cheah, CFA, Giorgio De Santis, Harry Farrell, and Robert Litterman

Scroll Awards

"Flows, Price Pressure, and Hedge Fund Returns"
Katja Ahoniemi and Petri Jylhä

"The Low-Risk Anomaly: A Decomposition into Micro and Macro Effects"
Malcolm Baker, Brendan Bradley, and Ryan Taliaferro

"Asset Allocation: Risk Models for Alternative Investments"
Niels Pedersen, Sébastien Page, CFA, and Fei He, CFA

Best Perspectives Award

"Past, Present, and Future Financial Thinking"
William F. Sharpe

Readers' Choice Award

"The Global Multi-Asset Market Portfolio, 1959-2012"
Ronald Doeswijk, Trevin Lam, CFA, and Laurens Swinkels

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