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Best Paper in Asset Pricing

The Best Paper in Asset Pricing Award is presented at SFS Cavalcade North America and SFS Cavalcade Asia-Pacific.

2024 North America, $1000
“Crash Narratives”
Dasol Kim, Will Goetzmann, Bob Shiller

2023 North America, $1000
“Return Expectations and Portfolios: Evidence from Large Asset Managers”
Magnus Dahlquist, Markus Ibert

2022 Asia Pacific, $1000
“From Man vs. Machine to Man + Machine: The Art and AI of Stock Analyses”
Sean Cao, Wei Jiang, Junbo Wang, Baozhong Yang

2022 North America, $1000
“A Quantity-based Approach to Constructing Climate Risk Hedge Portfolios”
Georgij Alekseev, Stefano Giglio, Quinn Maingi, Julia Selgrad, and Johannes Stroebel

2021 North America, $1000
“Social Security and Trends in Wealth Inequality”
Sylvain Catherine, Max Miller, Natasha Sarin

2020 North America, $1000
“Forest through the Trees: Building Cross-Sections of Stock Returns”
Svetlana Bryzgalova, Markus Pelger, and Jason Zhu

2019 Asia-Pacific, $1000
“Expectations in the Cross Section: Stock Price Reactions to the Information and Bias in Analyst-Expected Returns”
Johnathan Loudis

2019 North America, $1000
“Contracting for Financial Execution”
Markus Baldauf, Christoph Frei, and Joshua Mollner

2018 Asia-Pacific, $1000
“Inferring Equity Durations around FOMC Surprises: Estimates and Implications”
Zhanhui Chen

2018 North America, $1000
“What do fund flows reveal about asset pricing models and investor sophistication?”
Narasimhan Jegadeesh and Chandra Sekhar Mangipudi

2017 Asia-Pacific, $1000
Sponsored by WRDS
“Leverage Network and Market Contagion”
Jiangze Bian, Zhi Da, Dong Lou, and Hao Zhou

2017 North America, $1000
“Risk Preferences and The Macro Announcement Premium”
Hengjie Ai and Ravi Bandal

2016 North America, $1000
“Capital Requirements and Asset Prices”
Georgy Chabakauri and Brandon Yueyang Han

2015 North America, $1000
“Asset Management Contracts and Equilibrium Prices”
Andrea M. Buffa, Dimitri Vayanos, and Paul Woolley

2014 North America, $1000
“How Binding are Limits to Arbitrage?”
Alexander Ljungqvist and Wenlan Qian