Lasse Heje Pedersen receives the Michael Brennan Award

Professor Lasse Heje Pedersen receives the ”Michael Brennan Award for the Best Paper Published in the Review of Financial Studies.”

The prize was awarded at the annual Western Finance Association meetings for the article "Margin-Based Asset Pricing and Deviations from the Law of One Price.”

Each year more than 1000 articles are submitted to the Review of Financial Studies. Of these, around 100 articles are published and the prize is given to the article considered the most important.