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Review of Finance Best Paper Prizes

There are two prizes awarded for papers published in Review of Finance : the Pagano and Zechner Prize and the Spängler IQAM Prize. The winning papers are chosen by the Associate Editors and the Co-Editors of the journal.

Spängler IQAM Prize


The Spängler IQAM Prize in Financial Economics - Review of Finance Best Paper Prize is awarded to the best paper published in the journal within the previous 4 issues.

The winning paper for 2015 was:

Do Firms Buy Their Stock at Bargain Prices? Evidence from Actual Stock Repurchase Disclosures by Azi Ben-Rephael, Jacob Oded and Avi Wohl.

Click here to view past winners of the Spängler IQAM Prize.

Pagano and Zechner Prize


The Pagano and Zechner Prize was awarded at the 2015 European Finance Association meeting in Vienna, Austria to the best non-investments paper published in Review of Finance .

The winning paper for 2015 was:

Predatory Short Selling by Markus K. Brunnermeier and Martin Oehmke.

The winning papers for 2014 were:

“The Speed of Information Revelation and Eventual Price Quality in Markets with Insiders: Comparing Two Theories” by Peter Bossaerts, Cary Frydman, and John Ledyard.

“Are Small Businesses Worthy of Financial Aid? Evidence from a French Targeted Credit Program” by Laurent Bach.


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