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We are pleased to announce the winners of the best paper awards for CICF 2023:

CICF Best Paper Awards

1. Balance Sheet Financial Flexibility
    by Sudipto Dasgupta, The Chinese University of Hong Kong;
    Erica Li, Cheung Kong Graduate School of Business; and
    Siyuan Wu, The Chinese University of Hong Kong
2. Technological Obsolescence
    by Song Ma, Yale University
3. Signaling with Debt Currency Choice
    by Egemen Eren, Bank for International Settlements;
    Semyon Malamud, Ecole Polytechnique Federale de Lausanne; and
    Haonan Zhou, Princeton University

Yihong Xia Best Paper Awards

1. Redistributive Inflation and Optimal Monetary Policy
    by Yucheng Yang, Princeton University

2. Optimal Managerial Authority
    by Joanne Juan Chen, Boston University

XiYue Best Paper Awards

1. The Factor Multiverse: The Role of Interest Rates in Factor Discovery
    by Jules Van Binsbergen, University of Pennsylvania;
    Liang Ma, University of South Carolina; and
    Michael Schwert, AQR Arbitrage

2. Speculation and Liquidity in Stock and Corporate Bond Markets
    By Paolo Pasquariello, University of Michigan; and
    Mirela Sandulescu, University of Michigan

Congratulations!