In order to promote empirical financial research on European financial markets, EUROFIDAI awards each year the best papers using its data:

  • One prize of 1.500€ for the best paper using daily EUROFIDAI data.


  • One prize of 1.500€ for the best paper using EUROFIDAI-BEDOFIH high frequency data.

The award will be given during the Paris December Finance Meeting organized every year by EUROFIDAI and ESSEC Business School.

Conditions to be considered for the 2022 award:

  • This year we consider publications in international scientific journals between October 1st, 2021 and October 1st, 2022.
  • Empirical research based on EUROFIDAI daily data or EUROFIDAI-BEDOFIH high frequency data.
  • Explicit mention of the use of EUROFIDAI or EUROFIDAI-BEDOFIH data in the article.

Deadline for applications:

December 4, 2022

You can send your application or get more information at

Previous award winners

  • 2021

    • Daily data:

    • HFT data:

      • Carole Métais (Université de Strasbourg, LaRGE Research Center) and Tristan Roger (ICN Business School, CEREFIGE, Université de Lorraine) for their paper "Are retail investors less aggressive on small price stocks?" published in the Journal of Financial Markets (Available online 23 October 2021, 100685)

      • Stephanie Ligot (Sorbonne Management School (PRISM Sorbonne and Labex ReFi), University Paris 1 Panthéon Sorbonne); Roland Gillet (Sorbonne Management School (PRISM Sorbonne and Labex ReFi), University Paris 1 Panthéon Sorbonne and Solvay Brussels School of Economics and Management (CEBRIG), Free University of Brussels) and Iryna Veryzhenko (CNAM Paris) for their paper "Intraday volatility smile: Effects of fragmentation and High-Frequency trading on price efficiency" published in the Journal of International Financial Markets, Institutions & Money (Volume 75, November 2021, 101437)

  • 2020 : no award was given in 2020

  • 2019 : Jean-Noël BARROT (HEC Paris and CEPR); Erik LOUALICHE (University of Minnesota, Carlson School of Management) and Julien SAUVAGNAT (Bocconi University and CEPR) for their paper "The Globalization Risk Premium" published in The Journal of FINANCE . Vol. LXXIV, NO. 5. October 2019.

  • 2018 : Catherine D'HONDT (Louvain Finance (IMMAQ), Louvain School of Management, Catholic University of Louvain) and Patrick ROGER (LaRGE Research Center, EM Strasbourg Business School, University of Strasbourg) for their paper  "Investor Sentiment and Stock Return Predictability: the Power of Ignorance" published in Finance 2017/2 (Vol. 38), p. 7-37.

  • 2017

  • 2016

    • Corporate finance: Thomas DAVID et Edith GINGLINGER (Université Paris-Dauphine, PSL Research University) for their paper "When cutting dividends is not bad news: The case of optional stock dividends" published in the Journal of Corporate Finance 40 (2016) 174-191.

    • Financial markets: Jean-Noël BARROT (MIT and Centre for Economic Policy Research); Ron KANIEL (Centre for Economic Policy Research, University of Rochester and Interdisciplinary Center Herzliya); David SRAER (University of California Berkeley, National Bureau of Economic Research) for their paper "Are retail traders compensated for providing liquidity?" published in the Journal of Financial Economics 120 (2016) 146-168.

  • 2015: Patrick ROGER (LaRGE Research Center, EM Strasbourg Business School, University of Strasbourg) for the paper entitled "The 99% Market Sentiment Index" published in Finance 2014/3 (vol. 35), p.53-96.

  • 2014: Nicolas AUBERT, Guillaume GARNOTEL, André LAPIED and Patrick ROUSSEAU for the paper entitled "Employee Ownership: a Theoretical and Empirical Investigation of Management Entrenchment vs. Reward Management" published in Economic Modelling, 2014, vol. 40, issue C, p. 423-434.

  • 2013: Maxime MERLI and Tristan ROGER for the paper entitled "What Drives the Herding Behavior of Individual Investors?" published in Finance 34(3), December 2013.

  • 2011: Thierry FOUCAULT, David SRAER and David J. THESMAR for the paper entitled "Individual Investors and Volatility" published in The Journal of Finance . Vol. LXVI, NO. 4 . August 2011, p.1369-1406.