European Financial Management Association
2011 Annual Meetings
June 22- 25, 2011
Braga, Portugal


WHARTON RESEARCH DATA SERVICES (WRDS) 2011 CONFERENCE BEST PAPER AWARD ($2,000)


SABRINA BUTI, BARBARA RINDI, YUANJI WEN and INGRID M. WERNER

"Tick Size Regulation, Intermarket Competition and Sub-Penny Trading"






LARRY LANG CORPORATE FINANCE BEST PAPER AWARD ($2,000)


PHILIPP KRUGER, AUGUSTIN LANDIER and DAVID THESMAR

"The WACC Fallacy: The Real Effects of Using a Unique Discount Rate"






GLOBAL ASSOCIATION OF RISK PROFESSIONALS (GARP) RISK MANAGEMENT AWARD ($2,500)


BERTRAND TAVIN

"Implied Risk-neutral Distribution as a Closed-form Function of Volatility Smile"






JOHN A. DOUKAS Ph.D. BEST PAPER AWARD ($1,500)


MATTEO FORMENTI

"Can Market Risk Perception Drive to Inefficient Prices? Theory and Evidence"






NYSE EURONEXT CAPITAL MARKETS BEST PAPER AWARD


GERORG BESTELMEYER, MIRIAM BREUNSBACH and DIETER HESS

"Expected Risk Premium Dynamics Across the Business Cycle and the Stock Market's Response to Macroeconomic News"