Robert Novy-Marx, professor of business administration and the Lori and Alan S. Zekelman Professor of Business Administration, has been appointed instead as the Lori and Alan S. Zekelman Distinguished Professor of Business Administration. The Board of Trustees voted to rename the professorship this spring.
Novy-Marx’s research focuses primarily on asset pricing, both theoretical and empirical, though he also works in industrial organization, public finance, and real estate. His work has been published in the Journal of Financial Economics, the Financial Analysts Journal, the American Economic Journal: Economic Policy, and the Journal of Finance, among other publications.
His accolades include the 2012 Whitebox Advisors Selected Research Prize (second place); the Fama-DFA Prize for the best capital markets/asset pricing paper in the Journal of Financial Economics in 2012 and 2013; the 2012 AQR Insight Award Distinguished Paper Prize; the 2011 Smith-Breeden Prize for the best capital markets paper in the Journal of Finance; the 2011 Spangler IQAM Prize for the best paper in the Review of Finance; the 2010 Mill’s Prize for the best paper in real estate economics; the American Real Estate and Urban Economics Association Dissertation Award in 2005 and the Western Finance Association’s Trefftz Award in 2004 for “An Equilibrium Model of Investment Under Uncertainty.” His “Hot and Cold Markets” paper won the 2010 Mill’s Prize for the best paper in real estate economics.
Novy-Marx has shared his expertise with numerous media outlets, including The Economist; The Wall Street Journal, The New York Times, The Financial Times, and Bloomberg/Businessweek.
Novy-Marx, a member of the National Bureau of Economic Research, taught at the Booth School of Business at the University of Chicago before coming to Simon Business School in 2010. He is a graduate of Swarthmore College and received his PhD from the University of California, Berkeley.