March 5, 1998
Vol. 17, No. 11

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    Lamont awarded NSF career grant

    Owen Lamont, Assistant Professor in the Graduate School of Business, has been awarded a National Science Foundation Faculty Early Career Development grant, a four-year, $200,000 award.

    The grant, awarded by the NSF's CAREER program, supports the overall career development of selected junior faculty through research support and education.

    The only CAREER award recipient in the field of economics this year, Lamont has focused his research so far on the interaction between corporate finance and macroeconomics, imperfect capital markets and investment, inflation and asset prices. He teaches corporate finance at the GSB.

    Lamont also has also been awarded the Journal of Finance's Smith Breeden Distinguished Paper Prize of $5,000 for his paper "Cash Flow and Investment: Evidence from Internal Capital Markets." The paper, which was published in the journal in March 1997, is an examination of the interdependency between oil prices and non-oil investment allocations at oil companies.

    Lamont joined the University faculty in 1995.