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The Brattle Group Prize in Corporate Finance
The Brattle Group Prizes are awarded annually for outstanding academic papers in the field of corporate finance. They are chosen by the associate editors of The Journal of Finance from papers published in The Journal during the prior year. The Prizes are awarded by a member of The Brattle Group at the American Finance Association's annual meeting each January. They are funded through a grant from The Brattle Group in the amounts of $10,000 for first prize and $5,000 for distinguished papers.
Administration of The Brattle Group Prizes is the responsibility of the editor of The Journal of Finance and is carried out in conjunction with the selection of The Smith-Breeden Prizes. The papers receiving the most votes for each award receive the prizes; however, a paper may not win both awards.
The Brattle Group supports this yearly award in an effort to recognize academic achievement in offering robust analysis and debate on compelling issues facing the corporate finance community.
For copies of these papers, please visit The Journal of Finance website.
For more information on the American Finance Association, please visit the AFA website.
2009 Brattle Group Prize in Corporate Finance
The Brattle Group Prizes for best papers in Corporate Finance for 2009, judged to be exceptional by the associate editors of The Journal of Finance, were awarded at the American Finance Association's Annual Meeting in Atlanta, GA on January 3-5, 2010. The prizes, handed out annually, are funded through a grant from The Brattle Group and awarded at the AFA's annual meeting by a Brattle representative. The winners of the first prize receive $10,000 and two runner-up papers each receive $5,000. All papers published in the prior year's issues of The Journal of Finance are eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Ulf Axelson, Per Strömberg, and Michael S. Weisbach
“Why Are Buyouts Levered? The Financial Structure of Private Equity Funds,” The Journal of Finance, August 2009.
Distinguished Paper: Paul Oyer
“The Making of an Investment Banker: Stock Market Shocks, Career Choice, and Lifetime Income,” The Journal of Finance, December 2008.
Distinguished Paper: Mark T. Leary
“Bank Loan Supply, Lender Choice, and Corporate Capital Structure,” The Journal of Finance, June 2009.
2008 Brattle Prize in Corporate Finance
The Brattle Group Prizes for best papers in Corporate Finance for 2008, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 4, 2009 at the American Finance Association's Annual Meeting in San Francisco, CA. Papers published in the December 2007, February, April, June, and October 2008 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Heitor Almeida and Thomas Philippon
“The Risk-Adjusted Cost of Financial Distress,” The Journal of Finance, December 2007.
Distinguished Paper: Michael L. Lemmon, Michael R. Roberts, and Jaime F. Zender
“Back to the Beginning: Persistence and the Cross-Section of Corporate Capital Structure,” The Journal of Finance, August 2008.
Distinguished Paper: Daniel Paravisini
“Local Bank Financial Constraints and Firm Access to External Finance,” The Journal of Finance, October 2008.
2007 Brattle Prize in Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2007, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 5, 2008 at the American Finance Association's Annual Meeting in New Orleans, LA. Papers published in the December 2006, February, April, June, and October 2007 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Ilya A. Strebulaev
“Do Tests of Capital Structure Theory Mean What They Say?” The Journal of Finance, August 2007.
Distinguished Paper: Christopher A. Hennessy and Toni M. Whited
“How Costly Is External Financing? Evidence from a Structural Estimation,” The Journal of Finance, August 2007.
Distinguished Paper: Amir Sufi
“Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans,” The Journal of Finance, April 2007.
2006 Brattle Prize in Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2006, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 6, 2007 at the American Finance Association's Annual Meeting in Chicago, IL. Papers published in the December 2005, February, April, June, and October 2006 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Joshua D. Rauh
"Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans," The Journal of Finance, February 2006.
Distinguished Paper: Aydogan Alti
"How Persistent is the Impact of Market Timing on Capital Structure?" The Journal of Finance, August 2006.
Distinguished Paper: Mark T. Leary and Michael R. Roberts
"Do Firms Rebalance Their Capital Structures?" The Journal of Finance, December 2006.
2005 Brattle Prize In Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2005, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 7, 2006 at the American Finance Association's Annual Meeting in Boston, MA. Papers published in the December 2004, February, April, June, and October 2005 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Christopher A. Hennessy and Toni M. Whited
"Debt Dynamics," The Journal of Finance, June 2005.
Distinguished Paper: Marianne P. Bitler, Tobias J. Moskowitz, and Annette Vissing-Jorgensen
"Testing Agency Theory with Entrepreneur Effort and Wealth," The Journal of Finance, April 2005.
2004 Brattle Prize In Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2004, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 8, 2005 at the American Finance Association's Annual Meeting in Philadelphia, PA. Papers published in the December 2003, February, April, June, and October 2004 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Belen Villalonga
"Diversification Discount or Premium? New Evidence from the Business Information Tracking Series," The Journal of Finance, April 2004.
Distinguished Paper: Christopher A. Hennessy
"Tobin's Q, Debt Overhang, and Investment ," The Journal of Finance, August 2004.
2003 Brattle Prize In Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2003, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 4, 2004 at the American Finance Association's Annual Meeting in San Diego, CA. Papers published in the December 2002, February, April, June, and October 2003 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Antoinette Schoar
"Effects of Corporate Diversification on Productivity," The Journal of Finance, December 2002.
Distinguished Paper: Aydogan Alti
"How Sensitive is Investment to Cash Flow When Financing is Frictionless?," The Journal of Finance, April 2003.
2002 Brattle Prize in Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2002, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 5, 2003 at the American Finance Association's Annual Meeting in Washington, DC. Papers published in the December 2001, February, April, June, and October 2002 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Malcom Baker & Jeffrey Wurgler
"Market Timing and Capital Structure," The Journal of Finance, February 2002.
Distinguished Paper: Anil K. Kashyap, Raghuram Rajan, & Jeremy C. Stein
"Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit-Taking," The Journal of Finance, February 2002.
2001 Brattle Prize in Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2001, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on January 5, 2002 at the American Finance Association's Annual Meeting in Atlanta, GA. Papers published in the December 2000, February, April, June, and October 2001 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Per Stromberg
"Conflicts of Interest and Market Liquidity in Bankruptcy Auctions: Theory and Tests," The Journal of Finance, December 2001.
Distinguished Paper: Douglas W. Diamond & Raghuram G. Rajan
"A Theory of Bank Capital," The Journal of Finance, December 2001.
2000 Brattle Prize in Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 2000, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on Sunday, January 7, 2001 at the American Finance Association's Annual Meeting in New Orleans, LA. Papers published in the December 1999, February, April, June, and October 2000 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: John R. Graham
"How Big are the Tax Benefits of Debt?" The Journal of Finance, October 2000.
Distinguished Paper: Raghuram Rajan, Henri Servaes, & Luigi Zingales
"The Cost of Diversity: The Diversification Discount and Inefficient Investment," The Journal of Finance, February 2000.
1999 Brattle Prize in Corporate Finance
The Brattle Prizes for best papers in Corporate Finance for 1999, judged to be exceptional by the associate editors of The Journal of Finance, were awarded on Saturday, January 8, 2000 at the American Finance Association's Annual Meeting in Boston, MA. Papers published in the December 1998, February, April, June, and October 1999 issues of The Journal of Finance were eligible for the prizes. The Brattle Group congratulates the winners for their achievement.
First Prize Paper: Clifford G. Holderness, Randall S. Kroszner, & Dennis P. Sheehan
"Were the Good Old Days That Good? Changes in Managerial Stock Ownership Since the Great Depression," The Journal of Finance, April 1999.
Distinguished Paper: Paper Rafael La Porta, Florencio Lopez-de-Silanes, & Andrei Shleifer
"Corporate Ownership Around the World," The Journal of Finance, April 1999.
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Laura Burns
Director of Marketing
44 Brattle Street
Cambridge, MA 02138
Voice: +1.617.864.7900
Fax: +1.617.864.1576
Laura.Burns@brattle.com |
