The 2019 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation was awarded to Ray Ball and Philip Brown. They were recognized for their influential work linking stock prices to accounting data, outlined in their paper “An Empirical Evaluation of Accounting Income Numbers.”

Dr. Ball is the Sidney Davidson Distinguished Service Professor of Accounting at the University of Chicago Booth School of Business. Dr. Brown is a senior honorary research fellow in accounting and finance and emeritus professor at the University of Western Australia, and formerly was an honorary professor at the University of New South Wales and an honorary visiting professor at Lancaster University.

The Prize was presented at the Jacobs Levy Center’s conference late last month at the New York Marriott Marquis.