The Journal of Financial Economics Best Paper Prizes


Jensen Prizes for Corporate Finance and Organizations

Fama-DFA Prizes for Capital Markets and Asset Pricing

Each year, after the last issue of the Journal of Financial Economics has reached subscribers, the editorial office of the JFE collects votes from readers for the best paper in each of these broad categories. The editorial office will publish on the home page the list of papers published in the JFE in the prior year assigned to one of these two research areas.

The voting will occur electronically from the home page and will commence February 1 and continue through May 31, 2021.

All people who have refereed three or more papers for the JFE during 2020 or who have published a paper in the JFE during 2020 will be limited to one vote in each category. The editor's office will audit and determine the validity of votes. At the end of the election, winners will be announced on the back cover of the JFE and on the home page of the JFE editorial office.

Michael C. Jensen, as Founding Editor, and Eugene F. Fama, as Advisory Editor, have served the Journal from its inception. Their vision for the JFE as an outlet for timely, relevant, high quality scientific research in financial economics has been instrumental in its success. Dimensional Fund Advisors (DFA) has generously agreed to support the Fama-DFA Prize in recognition of the contributions the JFE and Professor Fama have made to our understanding of capital markets and asset pricing. The prizes are $25,000 for the first place paper and $10,000 for the second place paper.

The winners of the Jensen and Fama/DFA Prizes have been determined by an election of JFE subscribers that was held from February 1 - May 31, 2021.

Past Winners

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