2006 Working Paper Prizes

With the generous support of Aberdeen Standard Investments and Cleary Gottlieb Steen & Hamilton LLP, the ECGI awards annual prizes for the best papers published in the ECGI Finance and Law Working Paper series.

Past sponsors include Allen & Overy (2008 -2018), De Brauw Blackstone Westbroek (2005-2008) and Egon Zehnder International (2005-2008).

The winners of the three prizes in the 2006 Working Paper Competition were announced at ECGI's General Assembly held at ETH Zurich on 9 March 2006.

The €5,000 Egon Zehnder International Prize for the best paper in either series on company boards and their role in corporate governance was awarded to:

Renee Adams, Assistant Professor, Department of Finance and SITE, Stockholm School of Economics and an ECGI Research Associate, and Daniel Ferreira, Assistant Professor of Finance, Universidade Nova de Lisboa and an ECGI Research Associate, for their winning paper:

A Theory of Friendly Boards

ECGI Finance Working Paper No. 100/2005

The €5,000 Standard Life Investments Finance Prize for the best paper in the Finance series was awarded to:

Patrick Bolton, John H Scully '66 Professor of Finance & Economics, Princeton University and an ECGI Fellow, José Scheinkman, Theodore A Wells '29 Professor of Economics, Princeton University and Wei Xiong, Assistant Professor of Economics Princeton University, for their paper:

Pay for Short-Term Performance: Executive Compensation in Speculative Markets

ECGI Finance Working Paper No.079/2005

The €5,000 De Brauw Blackstone Westbroek Law Prize for the best paper in the Law series was awarded to:

Ronald Gilson, Charles J. Meyers Professor of Law and Business Stanford Law School and Marc and Eva Stern Professor of Law and Business, Columbia U. School of Law and an ECGI Fellow, for his paper:

Controlling Shareholders and Corporate Governance: Complicating the Comparative Taxonomy

ECGI Law Working Paper No. 049/2005