European Financial Management Association
EFMA 2012 Conference Awards

Announcing the Winners of the EFMA 2012 Best Paper Awards

EFMA CONFERENCE BEST PAPER AWARD ($2,000) WINNERS:
B. Espen Eckbo (Tuck School of Business at Dartmouth), Karin S. Thorburn (Norwegian School of Economics) and Wei Wang (Queen's School of Business)
"How Costly is Corporate Bankruptcy for Top Executives?"

LARRY LANG CORPORATE FINANCE BEST PAPER AWARD ($2,000) WINNERS:
Christoph Schneider (University of Mannheim) and Oliver Spalt (Tilburg University)
"Conglomerate Investment, Skewness, and the CEO Long Shot Bias"

GLOBAL ASSOCIATION OF RISK PROFESSIONALS (GARP) RISK MANAGEMENT BEST PAPER AWARD ($2,500) WINNERS:
George Pennacchi (University of Illinois at Urbana Champaign), Theo Vermaelen (INSEAD) and Christian C.P. Wolff (University of Luxembourg and CEPR)
"Contingent Capital: The Case for COERCs"

NYSE EURONEXT CAPITAL MARKETS BEST PAPER AWARD (Euro 1,500) WINNERS:
Andrea Buraschi (The University of Chicago Booth School of Business & Imperial College London), Paolo Porchia (IE Business School, Madrid) and Fabio Trojani (University of Lugano)
"The Cross-Section of Expected Stock Returns: Learning about Distress and Predictability in Heterogeneous Orchards"

JOHN A. DOUKAS Ph.D. BEST PAPER AWARD ($1,500) CO-WINNERS:
CLAIRE Celerier, Toulouse School of Economics
"Debt Structure and Non-Exclusive Competition"
HAOYONG ZHOU, Copenhagen Business School
"Are Family Firms Better Performers during Financial Crisis?"

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Posted 9/30/12