Darden School of Business Professor Yiorgos Allayannis has won this year's University of Virginia Alumni Association Distinguished Professor Award. Every year, the Alumni Association honors a distinguished student, a faculty member and an employee. The association presented the three awards at its annual luncheon, which was held at Alumni Hall on April 16.
The award was presented to Allayannis by Darden Dean Bob Bruner, who said, “This is a high honor for Yiorgos—and for Darden. In Darden's 56-year history, only three other Darden faculty members have been recognized with this award." The criteria for the Distinguished Professor Award are "outstanding teacher, demonstrated commitment to student success, and contributed significantly to University life."
Allayannis, who began his teaching career at Darden in 1996, says he is very honored to receive the award. “I am honored and delighted about this award, and I want to thank Darden Dean Bob Bruner and the Darden faculty for their support. The UVA distinguished professor award winners from the past are an awesome group of which to be a part, and I have learned so much from my Darden colleagues,” he said.
Darden Second Year student, Akshay Mittal, describes Yiorgos as one of his favorite Darden professors. “He is a wonderful teacher and realizes the needs of all the students. In class, where there are a range of students, everyone comes out with a sense of learning, understanding and fulfillment. He is patient with the trivial questions and enlightening with the challenging ones. He will push you to think on your feet and move out of your comfort zone.”
When asked what makes Yiorgos a great teacher, Second Year Nathan DeLuke says, “He starts by drawing you to the edge of your seat with a remarkably passionate and engaging teaching style. And then he keeps you there by driving you to make and defend specific, time-critical decisions rather than accepting easy generalizations. I'm convinced that those of us privileged to take a class with him leave with a competitive edge, ready to make faster and better decisions in the face of uncertainty."
During his Darden career, Allayannis’ research has been published in leading finance journals, such as the Journal of Finance, Journal of Financial Economics and Review of Financial Studies. He was the recipient of the Outstanding Faculty Award in 2002, 2005, 2009 and 2010, was elected Faculty Marshal by the graduating classes of 2002, 2004, 2005, 2009 and 2010, and was the recipient of the Wachovia Award for Research Excellence in 2002 for his article on corporate risk management and its impact on firm value.
Allayannis adds, “In the past few years, I have very much enjoyed mentoring and talking to younger colleagues about teaching, as well as research, and teaching broader courses such as the ‘Financial Institutions and Markets course.’”
The Alumni Association Distinguished Professor Award, which carries a $10,000 cash award and lifetime membership in the association, is funded by the Jefferson Trust.
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