Prof. Ray Ball, Analysis Group Affiliate, Awarded 2019 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation
September 27, 2019
The University of Pennsylvania’s Jacobs Levy Equity Management Center has awarded the 2019 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation to Professor Ray Ball, the Sidney Davidson Professor of Accounting at The University of Chicago Booth School of Business and an Analysis Group affiliate.
The prize, which recognizes outstanding quantitative research that has practical application, applies to Professor Ball’s 1968 article “An Empirical Evaluation of Accounting Income Numbers,” which he cowrote with fellow award winner Philip Brown, emeritus professor at the University of Western Australia. In a recent commentary on the article, the authors wrote that it “paved the way for an entirely new, robust and still-expanding evidence-based accounting literature.” Similarly, Dean Geoffrey Garrett of the Wharton School of the University of Pennsylvania noted that the article “changed the perception of accounting figures in the investing world.”