ORGANIZATIONAL ARCHITECTURE AND CORPORATE FINANCE

Abstract

Author's Note This article is based on remarks I gave at the 2000 meeting of the Southern Finance Association (SFA). I was extraordinarily flattered to be named Distinguished Scholar for 2000 by the SFA; I would like to thank the members and officers of the association for this award. As an SFA board member, I participated in establishing the Distinguished Scholar program. The original idea was to broaden participation in SFA by more of the profession's senior researchers. Last year I believe we chose the ideal person for the inaugural award, Professor Richard Roll of UCLA. But I must admit that I felt somewhat awkward in accepting the award this year. Although I certainly appreciate having my work recognized, I have attended SFA meetings regularly over the last quarter century. They afford a wonderful opportunity to renew valued friendships (some going back to graduate school) and revisit my southern roots. So this award is quite special for me, even if I do not consider myself its ideal recipient.

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