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Winners of the 2017 SFI Awards Ceremony

Posted by
Swiss Finance Institute
on
Monday, October 9, 2017 - 15:00

At our Annual Meeting held in Zurich on 4 October 2017, the SFI College of chairs has nominated Professor Bruno Biais, Toulouse School of Economics, Professor Christophe Bisière, Toulouse School of Economics, Professor Matthieu Bouvard, McGill University, and Professor Catherine Casamatta, Toulouse School of Economics, as winners of the SFI Outstanding Paper Award 2017.

This prize distinguishes an unpublished research paper expected to make an outstanding contribution to the field of finance. In their paper which investigates the stability of the blockchain protocol, the researchers show that there exists a Markov perfect equilibrium in which all miners mine the longest chain. The authors further show that the blockchain game is a coordination one in which multiple equilibria may occur. The fact that multiple equilibria may exist opens the possibility for forks to appear in the mining process, of which either orphaned blocks or persistent divergences may stem, which weakens the reliability and stability of the blockchain environment. The researchers’ results raise an important issue regarding the consequences of the decentralized functioning of blockchains as well as the implications of the way transactions are recorded and assets are stored. The winners of the SFI Outstanding Paper Award 2017 will be invited to present their research at a prize-giving ceremony in Switzerland in 2018.

In addition to the SFI Outstanding Paper Award, SFI Professor Erwan Morellec from the École Polytechnique Fédérale de Lausanne also had the pleasure to announce the winner of the Best Discussant Doctoral Award 2017 and Best Paper Doctoral Award 2017. The annual SFI Best Discussant Doctoral Award  recognizes Swiss doctoral students in Finance for an outstanding discussion of a paper presented at the SFI Research Days. The winner of this year’s award is Igor Pozdeev from the University of St. Gallen.

SFI Professor Erwan Morellec congratulates Igor Pozdeev from the University of St. Gallen for winning the Best Discussant Doctoral Award 2017.

The annual SFI Best Paper Doctoral Award recognizes a PhD student for an outstanding research paper presented at the Research Days organized by SFI. This year’s award goes to two winners. Thomas Geelen from EPFL won the award for his paper «News about Zero-Leverage Firms» and Paola Pederzoli from the University of Geneva for her paper «Crash Risk in Individual Stocks».

SFI Professor Erwan Morellec congratulates Thomas Geelen from EPFL for winning the Best Paper Doctoral Award.