Center for Financial Studies at the Goethe University Frankfurt  518  0 Kommentare

- Stephen A. Ross receives the prize for his groundwork and fundamental
contributions to the analytical development of financial economics

- The prize is being awarded for the sixth time by the Center for
Financial Studies and will be presented as part of an academic
symposium on 24 September 2015

- Chairman of the Jury Professor Jan Pieter Krahnen: "The work of Stephen
A. Ross has shaped today's thinking in financial innovation, practice,
and policy."

Frankfurt, 3 March 2015 - The Center for Financial Studies (CFS) has
awarded the Deutsche Bank Prize in Financial Economics 2015 to Stephen A.
Ross. Jury Chairman and CFS Director Jan Pieter Krahnen explained the
decision of the international Jury: "The Jury has chosen Professor Stephen
A. Ross for his groundwork and fundamental contributions to the analytical
development of financial economics. For more than 25 years major models
developed by him have marked the economic world. His models relate to the
theory of asset pricing, the analysis of the term structure of interest
rates, understanding option prices, and the basic structure of the
principal-agent problem. The work of Stephen A. Ross has shaped today's
thinking in financial innovation, practice, and policy."

The academic prize is sponsored by the Deutsche Bank Donation Fund and
carries an endowment of EUR50,000. The CFS awards the prize biannually in
partnership with Goethe University Frankfurt and in 2015 for the sixth
time. It will be presented to Stephen A. Ross as part of an academic
symposium in Frankfurt on 24 September 2015. The Deutsche Bank Prize in
Financial Economics honors internationally renowned economic researchers
whose work has a marked influence on research concerning questions of
financial economics and macroeconomics, and has led to fundamental advances
in economic theory and practice.

An outstanding scientist with the ability to make complex theories tangible
for broad audiences

His wide range of research interests include the economics of uncertainty,
corporate finance, decision theory, and financial econometrics. Renowned
for his fundamental contribution to modern financial economics, Ross'
models have changed and advanced economic practice profoundly. They are
widely applied and standards in academia and the financial industry.