A paper by Yiying Cheng, a student in the Ph.D. in business administration program, has been selected by the the Financial Management Association International (FMA) as a semifinalist for one of four best paper awards to be presented at the 2012 FMA Annual Meeting.
The paper, "Land-Use Rights in a Compound Option Model of Real Estate Development", is the first essay in Cheng's dissertation. It was co-authored with Dr. Steven Clark, associate professor of finance.
FMA is a global leader in developing and disseminating knowledge about financial decision making. FMA's mission is to broaden the common interests between academicians and practitioners, provide opportunities for professional interaction between and among academicians, practitioners and students, promote the development and understanding of basic and applied research and of sound financial practices, and to enhance the quality of education in finance. Their annual meeting will be held in Atlanta in October.