IRMC 2021, Cagliari, Italy

Best Paper Awards IRMC2021 – WINNERS

IRMC Best Paper Award and Young Researcher Award

IRMC2021 Conference – Best Papers Awards

In occasion of the 14th Edition RBF Society and Classis Capital SIM have conferred the following awards:


The winners have been selected by an Award Review Committee sharing the € 1000 (for each winner paper) cash prize.

The selection was made by a panel of six members of the Scientific Committee, including Edward Altman, Linda Allen, Riccardo De Lisa, Luca Piras, Oliviero Roggi and Alessandro Giannozzi, who decided to award as

IRMC2021 Best Conference Paper Qian Yang (Michigan State University) for his paper entitled “Fat and Fatter: Monthly Crash Risk and Investor Trading“

Best COVID-19 Related Paper – Chinnaraja Chendur Pandian (Institute of Actuaries of India); Piyush Pandey (IIT Bombay) for their paper entitled “Performance of Volatility Asset as Hedge for investor’s portfolio against Tail Risk Events: COVID19 and 2008 Financial Crises“

Best Young Researcher – Christian Mücke (Leibniz Institute for Financial Research SAFE)*; Loriana Pelizzon (Leibniz Institute for Financial Research SAFE); Vincenzo Pezone (Leibniz Institute for Financial Research SAFE); Anjan Thakor (Washington University in St. Louis) for their paper entitled “The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments”

Congratulation to the Authors!

The financial market crisis has highlighted, in Europe and especially in Italy, structural weaknesses in asset management, in a competitive environment characterized by conflicts of interest. Classis Capital was created to counter and refute these lines of thought, asserting the supremacy of active management and responding to the real needs of the customer (whether companies, individuals, institutions ie. Insurance, pension funds, foundations etc.), fundamental traits of our strategy they could only combine redefining the business model radically. Classis Capital offers advisory services for financial management in terms of asset allocation and portfolio optimization based on market forecasts and personalized investment recommendations based on fundamental analysis of the underlying (equities / bonds) developed by our investment teams.

Key Dates

Submission Deadline

Full Papers – Regular Session and COVID-19 Special Session: April 1, 2021

Paper Acceptance

Full Papers – Regular Sessions and COVID-19 Special Session: April 19, 2021