The winner:
Anna Białek-Jaworska, Warsaw University (Poland), for the paper:
"Do Polish Non-financial Listed Companies Hold Cash to Lend Money to other Firms?"

The winner (PhD candidates group):
Kalle Ahi, Tallinn University of Technology (Estonia), for the paper:
"New Evidence on the Relationship between Banking Market Competition on Bank Risk-taking in Europe",
co-authored with Laivi Laidroo


Other nominees:

Jan-Hendrik Meier, Kiel University of Applied Sciences (Germany), for the paper:
"Macroeconomic Determinants of Merger Waves - The Case of Germany",
co-authored with Jens Boysen-Hogrefe and Verena Katharina Spoida

Matthias Nnadi, Cranfield University (UK), for the paper:
"Does government involvement in mergers and acquisitions influence firm performance in a state controlled economy? The case of China"

Andrews Owusu, Coventry University (UK), for the paper:
"Governance Mechanisms and Earnings Management Using Classification Shifting During CEO Tenure"
co-authored with Alaa Mansour Zalata and Eric Boahen

Other nominees (PhD candidates group):

Marie Ligocká, Silesian University (Czech Republic), for the paper:
"The Effect of Macroeconomic Variables on Stock Prices of Austrian Financial Institutions"
co-authored with Tomáš Pražák and Daniel Stavárek

Barbara Pajdo, National Bank of Poland (Poland), for the paper:
"Determinants of central banks’ financial strength: evidence from Central and Eastern European Countries"



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