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2007 Working Paper Prizes

Attendees at a conference

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 2007 Working Paper Competition were announced at ECGI's General Assembly held at the Institute for Law and Finance, Johann Wolfgang Goethe University Frankfurt on 19 April 2007.


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

Jeffrey N. Gordon, Alfred W. Bressler Professor of Law, Columbia Law School and ECGI, for his paper:

Independent Directors and Stock Market Prices: The New Corporate Governance Paradigm

ECGI Law Working Paper No. 074/2006


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

Belen Villalonga, Finance Unit, Harvard Business School and Professor Raphael Amit, The Wharton School, University of Pennsylvania, for their paper:

Benefits and Costs of Control-Enhancing Mechanisms in U.S. Family Firms

ECGI Finance Working Paper No.131/2006


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

Marcel Kahan, School of Law, New York University and Professor Edward Rock, School of Law, University of Pennsylvania, for their paper:

Hedge Funds in Corporate Governance and Corporate Control

ECGI Law Working Paper No. 076/2006


Working paper cover

🏆 "The Rise of Independent Directors in the United States, 1950-2005: of Shareholder Value and Stock Market Prices"

By Jeffrey Gordon

🏆 "How are U.S. Family Firms Controlled?"

By Belen Villalonga and Raphael Amit

Working paper cover
Working paper cover

🏆 "Hedge Funds in Corporate Governance and Corporate Control"

By Marcel Kahan and Edward Rock

Jeffrey Gordon

Richard Paul Richman Professor of Law and Co-Director, Millstein Center for Global Markets and Corporate Ownership
Columbia Law School
Fellow, Research Member

Marcel Kahan

George T. Lowy Professor of Law
New York University School of Law
Fellow, Research Member

Belen Villalonga

Associate Professor of Management and Organizations
Leonard N. Stern School of Business, New York University
Research Member

Edward Rock

Martin Lipton Professor of Law
Fellow, Research Member
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