Midwest Finance Association

2007 BEST PAPER AWARDS SELECTED BY

THE TRACK CHAIRS

2007 Best Paper in Corporate Finance Sponsored by: Eventus® Software from Cowan Research LC Awarded to: Laarni Bulan, Brandeis University Paroma Sanyal, Brandeis University Zhipeng Yan, Brandeis University Paper Title: CEO Incentives and Firm Productivity

Sponsored by:

The Professional Risk Manager's International Association (PRMIA)

Awarded to:

Beate Breuer, Goethe University, Frankfurt

Nicole Branger, Westfaelische Wilhelms-Universitaet, Muenster

Christian Schlag, Goether University, Frankfurt

Paper Title:

Discrete-Time Implementation of Continuous-Time Portfolio Strategies

2007 Best Paper in Financial Institutions Sponsored by: The New York Stock Exchange (NYSE) Awarded to: Tom Nohel, Loyola University, Chicago Zhi Wang, University of Illinois, Urbana-Champaign Lu Zheng, University of California, Irvine Paper Title: Side-by-Side Management of Mutual Funds and Hedge Funds

2007 Best Paper in International Finance Sponsored by: Wharton Research Data Services (WRDS) Awarded to: Todd Gormley, Washington University Paper Title: Costly Information, Foreign Entry, and Credit Access

Sponsored by:

Standard and Poor's (S&P)

Awarded to:

Andrew Yi, Seton Hall University

Paper Title:

Consumption Risk Factors in Cross-Sectional Expected Stock Returns

2007 Best Paper in Market Microstructure Sponsored by: The Center for Research in Security Prices (CRSP) Awarded to: Roni Israelov, Carnegie-Mellon University Paper Title: Future Liquidity, Present Value: Measuring and Pricing Liquidity Risk