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Profs. Macintosh and Topaloglu receive 2004 research awards
Thought-provoking accounting and provocative finance research earn professors top honours
November 11, 2004
Winner of the “Award for Research Excellence” is Dr. Norm Macintosh. Norm has a long and distinguished career at Queen's School of Business. He is widely known for his investigations that see current accounting issues cross into many different areas, such as organizational theory, sociology, critical theory and philosophy. He has published widely in top tier publications, and has three original books to his credit. He currently holds a SSHRC grant for a qualitative, historical analysis and critique of the recent Enron Corporation scandal. In addition, Norm has been involved in the development of faculty and graduate student research at Queen’s, as well as at universities in Australia, Canada and throughout Europe.
Dr. Selim Topaloglu is this year’s recipient of the “New Researcher Achievement Award”. Selim’s recent paper in the Journal of Finance examines the interaction in the U.S. between institutions and individuals at short-term frequencies. In the cross-section, institutions seem to be daily and intra-daily trend chasers. Previous research showed that institutions buy stocks that go up and sell those that go down at longer horizons, either because institutions are being smarter, or are chasing returns. Selim and his co-authors (John Griffin, University of Texas at Austin; Jeff Harris University of Delaware; Kirsten Anderson, Georgetown University) showed that indeed they are chasing returns, an explanation potentially inconsistent with the view that institutions are “smart-money.” Selim also studies the effects of regulation fair disclosure on institutional and insider trading & investor behavior over the rise and fall of Nasdaq stock market.
Both professors received their awards from Dean David Saunders at a reception attended by faculty and staff.