The 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded jointly toEugene F. Fama, the CRSP Chairman of the Board and Robert R. McCormick Distinguished Service Professor of Finance at Chicago Booth, Lars Peter Hansen from The University of Chicago Department of Economics, and Robert J. Shiller of Yale, for their empirical analysis of asset prices.
Congratulations to the CRSP Chairman of the Board and Robert R. McCormick Distinguished Service Professor of Finance at Chicago Booth, and one of the winners of The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013.
CRSP has made the daily returns and constituent lists available for its U.S. Industry Sector Indexes, which went live on February 1, 2012. CRSP leverages FTSE’s Industry Classification Benchmark (ICB) system to highlight the sector characteristics of the companies included in the CRSP U.S. Total Market Index.
Gus Sauter, Vanguard's recently retired CIO, argues that theory provides little guidance as to how investing, beyond holding the total market, is actually done (Sauter, 2002). His point, that managers define the opportunity set, is articulated in his cardinal rule of indexing: An index must reflect the way that money managers actually invest.
The Grumpy Economist (AKA ChicagoBooth Professor John Cochrane) provides a nice history on Gene Fama’s significant contributions to the field of research and the development of empirical databases from CRSP.
Students, Faculty and Staff Members at nearly 450 leading academic institutions around the world have access to CRSP data. Since 1960 CRSP has proudly supported the research and teaching at these institutions. We welcome the following institutions to the CRSP data community of users.