Each year, the Associate Editors of The Journal of Finance – published by the American Finance Association (AFA) – select three winners to receive The Brattle Group Prizes for outstanding papers in corporate finance. The Brattle Group has supported these annual awards for 25 years to recognize the importance of excellence in providing groundbreaking analysis and debate on compelling issues facing the corporate finance community. All papers published in issues of The Journal of Finance from the first five issues of the given year, and December of the previous year, are eligible.

The winners of the 2024 Brattle Group Prize in Corporate Finance are:

First Prize, $25,000: Doron Levit, Nadya Malenko, and Ernst Maug
Trading and Shareholder Democracy
The Journal of Finance, February 2024

Distinguished Paper, $10,000: Michael Gofman and Zhao Jin
Artificial Intelligence, Education, and Entrepreneurship
The Journal of Finance, February 2024

Distinguished Paper, $10,000: Sabrina T. Howell, Theresa Kuchler, David Snitkof, Johannes Stroebel, and Jun Wong
Lender Automation and Racial Disparities in Credit Access
The Journal of Finance, April 2024

This year’s awards were announced at the AFA’s Annual Meeting 2025, which took place January 3–5 in San Francisco, CA. We congratulate the winners on their achievements!

View a Complete List of Past Winners

More about the AFA