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Morgan Stanley and AFA to Establish Leading Financial Economics Award.


Bi-Annual Award for Leadership in Financial Economics Research with $200,000 Cash Gift

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  (NYSE NYSE

See: New York Stock Exchange
: MS) and the American Finance Association The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the Journal of Finance, was first published in 1946.  (AFA AFA

In currencies, this is the abbreviation for the Afghanistan Afghani.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
) announced today the establishment of a new bi-annual finance award for career achievements and leadership in financial economics research. The award shall be entitled and referenced as 'Morgan Stanley - American Finance Association Award for Excellence in Finance'.

Morgan Stanley and the AFA will grant the first award in January 2008, along with a $200,000 gift that will be made to an institution of the award recipient's choice to support financial research.

"We are delighted to be teaming up with the American Finance Association to establish this award," said Joseph Langsam, Managing Director at Morgan Stanley. "We believe it will be the premier prize devoted exclusively to the field of Finance."

Richard C. Green, President of the AFA said, "What is particularly gratifying grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
 about this award is that we not only get to honor a leading scholar but we also get to fund important research in the field of financial economics."

Morgan Stanley plans to host the first presentation ceremony in 2008 at its headquarters in New York. The AFA announced the establishment of the award to its members at its Annual General Meeting in Chicago on Saturday, January 6.

Morgan Stanley is a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

The American Finance Association is the premier academic organization devoted to the study and promotion of knowledge about financial economics. Founded in 1939, the AFA now has more than 8,000 members and publishes the world-renowned Journal of Finance. For further information about the AFA, please visit www.afajof.org.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 8, 2007
Words:320
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