The First Prize :  

            “Why Do Some Firms Go Debt Free?” 

              Soku Byoun(Baylor University)

                   Zhaoxia Xu(Polytechnic Institute of New York University)

       The Second Prize :      

          “Stock Returns, Housing Returns and Inflation: Is There an Inflation Illusion?“

                   Gwangheon Hong(Sogang University)

                   Jaeuk Khil(Hanyang University)

                   Bong-Soo Lee(Florida State University)