Former FCBE Ph.D. Student Receives Award for His Research
For release: June 25, 2015
Dr. Pawan Jain, former FCBE Ph.D. student, received the Distinguished Research Prize for his research regarding REIT volatility and liquidity. The National Association of Real Estate and Investment Trust (NAREIT) and the American Real Estate and Urban Economics Association (AREUEA) honored Dr. Jain with this award at the 2015 NAREIT/ARURA Real Estate Research Conference in New York City.
His paper, J-REIT Market Quality: Impact of High Frequency Trading and the Financial Crisis, used data from the Japanese REIT market which has clear implications for other REIT markets, including in the U.S. Dr. Jain's research focused on liquidity and volatility and how they were affected by the financial crisis of 2008 to 2009 and the introduction of a new high-frequency trading (HFT) platform at the beginning of 2010.
Dr. Jain received his Ph.D. in Finance from Fogelman College of Business and Economics in 2013. While at FCBE, he taught Managerial Finance (FIR 3410) online and was a graduate assistant for Dr. Mark Sunderman, department of Finance. Dr. Jain currently has other research underway with several FCBE faculty, as well as other current and former Ph.D. students. "He is a major contributor to our Ph.D. program, not only helping faculty, but other students, too," says Dr. Sunderman.
Read the full article on Dr. Jain's award here.