Finance Professor Robert Goldstein is a winner of the prestigious 2013 Smith Breeden Prize for his paper, "On the Relative Pricing of Long-Maturity Index Options and Collateralized Debt Obligations."
The prizes are awarded annually to the top three papers in The Journal of Finance as chosen by the publication's editors. Goldstein and co-authors Pierre Collin-Dufresne (Columbia Business School) and Fan Yang (Carlson School PhD student) will receive $5,000 for earning the honor of Distinguished Paper.
This honor marks the second year in a row that a member of the Carlson School faculty received a Smith Breeden prize. In 2012, Jianfeng Yu won first prize for his paper, "Technological Growth and Asset Pricing."