Not only was he a major figure in both financial economics and industrial organization, but he did things too:
First, early on Mike decided that the Journal of Finance needed competition to drag it into the era of scientific research. Despite a chockful personal research agenda, Mike started the Journal of Financial Economics that he edited for 20+ years. After its 1974 debut, the JFE quickly became the top journal in finance, and it had the desired effect of upping the game of the JF.
Second, Mike’s foresight was unmatched. With the arrival of the internet, he predicted it would become the conduit for the distribution of new research. He launched SSRN (Social Science Research Network), supported it financially, and guided it for many years, never doubting it would succeed. His unfailing faith was eventually vindicated.
Here is the full tribute from Gene Fama.
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