Congratulations to Professor Thomas Bourveau for receiving the Best Paper Award from the 2018 Asian Finance Association Annual Meeting for his study titled "Naughty Firms, Noisy Disclosure: The Effect of Cartel Enforcement on Corporate Disclosure". This study is co-authored with Professor Alminas Zaldokas and Guoman She from HKUST. In this paper, the authors find that public disclosure can be used as focal points to sustain collusive agreements.
