academy

De La Vega Prize

About the FESE De la Vega Prize

 
The FESE De la Vega Prize has been awarded annually since 2000 to a young scholar in recognition of an outstanding research paper on European financial markets. The Prize aims to promote high-quality research that enhances the understanding of the role and functioning of public markets in Europe. The Prize places particular emphasis on papers addressing current developments in European financial markets that contribute to the advancement and visibility of public markets.
 
The awarded paper receives a monetary prize of EUR 5,000, and the Jury may also grant a special mention to a second paper, without financial remuneration.

FESE De la Vega Prize Jury

  • Söhnke M. Bartram, Ph.D., Professor of Finance, University of Warwick and CEPR
  • Alain Durré, Ph.D., Executive Director and Economiste en chef, Goldman Sachs Paris
  • Marlene D. Haas, Ph.D., Principal, Cornerstone Research
  • Thomas Johann, Assistant Professor, University of Mannheim
  • Arman Khachaturyan, Ph.D., Government Affairs Advisor
  • Thorsten Martin, Associate Professor of Finance, Frankfurt School of Finance & Management
  • Ángel Pardo Tornero, Professor, Department of Financial Economics, University of Valencia
  • Talis Putnins, Professor, Finance Discipline Group, University of Technology Sydney
  • Roger Silvers, Assistant Professor, School of Accounting, David Eccles School of Business, The University of Utah
  • Apostolos Thomadakis, Ph.D., Head of Research, European Capital Markets Institute (ECMI); Research Fellow, Centre for European Policy Studies (CEPS).
  • Christian Westheide, Senior Lecturer in Finance, University of Edinburgh

About Josseph De la Vega

 

Joseph De la Vega, born circa 1650 into a Sephardi Jewish family in the Netherlands, was a pioneering financial thinker. After several dramatic works and novels, in 1688 De la Vega published Confusión de Confusiones, a book of dialogues concerned with the operations of the Amsterdam Stock Exchange. De la Vega gives three motives for writing the dialogues: simple pleasure; to increase understanding among those who were not in the financial business of what he regarded as “the most honest and most useful [business] of all that existed at the time”; and, on the other hand, to caution about the “tricks” engaged in by contemporary financial businesspeople. FESE recognises that many of De la Vega’s observations about the behaviour of investors in markets remains prudent in today’s financial ecosystem. In honour of his enduring legacy, FESE has, since 2000, awarded the De la Vega Prize to young scholars producing exceptional research on Financial markets.

De la vega prize

The winners from previous editions

De la Vega prize 2025
"Climate Capitalists"
Niels Joachim Gormsen, Kilian Huber, and Sangmin S. Oh
2025
De la vega prize 2025
"Do Share Repurchases Increase the value of Non-repurchasing Firms?"
Byungwook Kim
2025
De la vega prize 2024
“Anticompetitive Price Referencing”
Vincent van Kervel and Bart Zhou Yueshen
2024
De la vega prize 2023
"Real Effects of Centralized Markets: Evidence From Steel Futures"
Thorsten Martin
2023
De la vega prize 2022
“Marketwide Predictable Price Pressure”
Samuel M. Hartzmark and David H. Solomon
2022
de la vega prize 2021
Does Industry Employment of Active Regulators Weaken Oversight?"
Jonas Heese
2021
Special Mention 2021
"Liquid speed: A micro-burst fee for low-latency exchanges"
Michael Brolley and Marius Zoican
2021
de la vega prize 2020
"Does regulatory cooperation help integrate equity markets?"
Roger Silvers
2020