Putting academic theory into practical context is a good way to gain a wider understanding. Now, it is also a way to get $10,000.
The Investor Responsibility Research Center Institute, a New York-based non-profit organization that looks at corporate responsibility and investor information, is sponsoring a competition for research that examines the interaction of actual private-sector investing behavior with investment theory.
“Modern portfolio theory has dominated investment theory for a half-century,” Jon Lukomnik, IRRC Institute executive director, said in a news release. “That has increased the focus on security selection, portfolio construction, and other financial issues rather than attention on the real economy and investing.”
Mr. Lukomnik said his organization hopes the award will stimulate better understanding of the “responsible investing” movement that is useful for investors, policymakers, academics and other stakeholders.
The IRRC Institute will select two papers — one from academia and one from an investment practitioner — for its new “IRRC Institute Research Award” that comes with $10,000. Online submissions are due Nov. 18; winners will be announced by February 2012. Submissions may be an original work, unpublished papers, or papers published after Jan. 1, 2011.
More information regarding the award process and guidelines is available at IRRC Institute's website.
