Ph.D. Candidate Earns Distinguished Dissertation Award

Hyrum Smith, a personal financial planning doctoral candidate, was selected among high-quality applicants for the award.

Written by Erin Hawes

Smith will be presented with his award at the 2010 ACCI annual conference April 14-16.

Smith will be presented with his award at the 2010 ACCI annual conference April 14-16.

Hyrum Smith, a Ph.D. candidate in the Division of Personal Financial Planning and current assistant professor at Virginia Tech, has been awarded the 2010 Robert O. Hermmann Ph.D. Dissertation Award from the American Council on Consumer Interests (ACCI).

Smith’s dissertation titled “Three Essays on Financial Sophistication and Effective Decision Making” was chosen among a field of high-quality applicants.

In the three essays he completed, Smith discussed topics including:

  • how high leverage among older households is influenced by tax leverage factors that encourage borrowing housing debt;
  • the influence of financial sophistication on adjustable rate mortgage borrowing;
  • and the influence of financial sophistication and the likelihood of a household holding a Roth IRA.

“My goal in writing the paper was to primarily show that financial literacy or financial sophistication does matter and it does make a difference in helping households make more effective financial decisions,” Smith said.

Smith will be presented with his award at the 2010 ACCI annual conference April 14-16.

The Robert O. Hermmann Ph.D. Dissertation Award is given annually to recognize outstanding graduate student research addressing the well-being of consumers and meeting the guidelines of The Journal of Consumer Affairs.

Department of Personal Financial Planning

Division of Personal Financial Planning

The Department of Personal Financial Planning in the College of Human Sciences educates students on the need to focus financial knowledge on families and the achievement of their goals.

Undergraduate and graduate degree programs in personal financial planning are registered by the CFP Board. Students graduating from a CFP Board-Registered Program are eligible to sit for the CFP® Certification Examination.

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