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Sebastien Betermier and David Schumacher (both Associate Professors in Finance) along with their co-author Ali Shahrad (Assistant Professor, University of Saskatchewan) have won the 鈥淏est Paper Using EUROFIDAI Daily Data Award鈥� in 2023 for their research paper titled 鈥淢utual Fund Proliferation and Entry Deterrence鈥�, published in the journal Review of Asset Pricing Studies.

The European Financial Data Institute (EUROFIDAI) is an academic institute of the Centre national de la recherche scientifique (CNRS) and 脡cole Sup茅rieure des Sciences Economiques et Commerciales (ESSEC) Business School. Its main mission is to develop financial and ESG (environmental, social and governance) databases for academic researchers.