Award for "The Leverage Ratchet Effect"

June 23, 2016

At the Annual Conference of the Western Finance Association, the paper „The Leverage Ratchet Effect“ by Anat Admati, Peter DeMarzo, Martin Hellwig, and Paul Pfleiderer (MPI Preprint 13/2013, revised 2015) was given the Charles River Associates Award for the best paper on corporate finance.