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Wilfrid Laurier University Leaf
October 19, 2017
Canadian Excellence

Headlines (Campus Updates)

Business: Finance Area

Paper co-authored by finance professor wins Deutsche Bank Award

Communications, Public Affairs & Marketing

Nov 23/10

A team of three authors, including Laurier Assistant Finance Professor Si Li, has won a 2010 Deutsche Bank Best Paper Award for an article published in the journal Review of Finance.

Authors Li, Alon Brav, a finance professor at Duke University, and J.B. Heaton, a partner at Bartlit Beck Herman Palenchar & Scott LLP, shared second place for their paper The Limits of the Limits of Arbitrage.

“When the journal informed us of the Best Paper Award, I was thrilled to learn we had received such an honour. More importantly, I am glad to see that our research has been well recognized by the finance research community,” said Si.

The Deutsche Bank Prize in Financial Economics – Review of Finance Best Paper is awarded for the best paper published in the journal within the previous four issues. The journal’s associate editors, co-editors, and advisory board choose the winning papers.

In The Limits of the Limits of Arbitrage, Si and her colleagues argue that arbitrage – the practice that takes advantage of a price difference between two markets – cannot explain market anomalies in all situations.

The Deutsche Bank journal awards were handed out earlier this year at the 2010 European Finance Association’s annual meeting in Frankfurt, Germany.

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