October 3, 1999: The Brattle Prizes for Best Papers in Corporate Finance
The Brattle Prizes are awarded annually for outstanding papers on corporate finance. The winning papers are chosen by the Associate Editors of the Journal of Finance from the papers published in the journal in the prior year. The prizes are awarded at the AFA's annual meeting by a representative of The Brattle Group, Inc.

The amounts of the prizes are $10,000 for first and $5,000 for second. These amounts may change from time to time.

Administration of the Brattle Prize is the responsibility of the Editor of the Journal of Finance and is carried out in conjunction with the selection of the Smith-Breeden Prizes. Associate Editors vote for the best two corporate finance papers (for the Brattle Prizes) and the best three other papers (for the Smith-Breeden Prizes). The papers receiving the most votes in their categories receive the prizes; however, a paper may not win in both categories. If a paper should be selected in both the Brattle and Smith-Breeden categories, the editor can call for a second round of voting in which papers are allocated by him or her to one category.

The Brattle Group, Inc. is an economic and management consulting firm with offices in Cambridge, Washington, and London. Much of this firm's work applies modern financial economics. The Brattle Group has committed to support the Brattle Prizes for at least five years.

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