Finance Professor K.J. Martijn Cremers was named the winner of a significant research award by the nonprofit professional association and credentialing organization, Investment Management Consultants Association (IMCA).
Cremers’ winning paper, “Emerging Market Outperformance: Publicly Traded Affiliates of Multinational Corporations,” received IMCA’s Second Annual Academic Paper Competition award. The paper analyzes the strong performance of emerging market affiliates of corporations headquartered in developed countries and offers two main reasons for the outperformance: improving corporate governance and the stabilizing role of the parent companies.
The competition called for papers on topics that examine recent research relevant to investment consulting and private wealth management. The Journal of Investment Consulting editorial advisory board selected the winning paper based on quality and relevancy of the research to investment management consultants and investment advisors.