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2005 Working Paper Prizes

Group of men receiving 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 2005 Working Paper Competition were announced at ECGI's General Assembly held at SDA Bocconi on 9 March 2005.


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:

Paolo F Volpin, London Business School - Institute of Finance and Accounting; Centre for Economic Policy Research (CEPR) and Marco Pagano, University of Salerno - CSEF, Centre for Studies in Economics and Finance; CEPR, for their paper:

Managers, Workers, and Corporate Control

ECGI Finance Working Paper No. 01/2002


The €5,000 Standard Life Investments Finance Prize for the best paper in the Finance series was shared between two papers:

Julian Franks, City of London Corporation Professor of Finance, London Business School, Colin Mayer, Peter Moores Professor of Finance, Saïd Business School, University of Oxford and Stefano Rossi, London Business School, for their paper:

Ownership: Evolution and Regulation 

ECGI Finance Working Paper No. 09/2003


Holger M. Müller, New York University and CEPR and Fausto Panunzi, University of Bologna, CEPR and ECGI, for their paper:

Tender Offers and Leverage 

ECGI Finance Working Paper No. 22/2003


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

Steven A. Bank, University of California, Los Angeles, Brian R. Cheffins, University of Cambridge and Marc Goergen, Sheffield University and ECGI, for their paper:

Dividends and Politics 

ECGI Law Working Paper No. 24/2004


Working paper cover

🏆"Managers, Workers, and Corporate Control"

By Paolo Volpin and Marco Pagano

🏆 "Ownership: Evolution and Regulation"

By Julian Franks, Colin Mayer and Stefano Rossi

Working paper cover
Working paper cover

🏆"Tender Offers and Leverage"

By Holger Mueller and Fausto Panunzi

Marco Pagano

Professor of Economics, Facoltà di Economia
Università di Napoli Federico II
Fellow, Research Member

Colin Mayer

Emeritus Professor of Management Studies
Blavatnik School of Government and Saïd Business School, University of Oxford
Fellow, Research Member

Fausto Panunzi

Professor of Economics
Istituto di Economia Politica & IGIER, Università Bocconi
Fellow, Research Member

Paolo Volpin

Acting Dean and Professor of Finance
Cass Business School, Faculty of Finance
Research Member

Julian Franks

Professor of Finance
London Business School
Fellow, Research Member

Holger Mueller

Professor of Finance
New York University - Stern School of Business
Research Member
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