At the 57th EBES Conference, the John P. Rust Best Paper Award went to 

“Hessian Filter-Based Gradient Scaling for Score-Driven Filters with Financial and Economic Applications” by Szabolcs Blazsek from Mercer University, U.S.A.; Alvaro Escribano from Universidad Carlos III de Madrid, Spain; and Astrid Ayala from Mercer University, U.S.A.

We would like to thank Springer Nature for their support of the Best Paper Award.

The runner-up paper is “Term Sheets or Term Loans? How Valuations Shape Financing of Venture-Backed Firms” by Tereza Tykvova from University of St. Gallen and SFI, Switzerland; Giang Nguyen from Macquarie University, Australia; and Hannah Nguyen from Monash University, Australia.

The third paper is “Firm Automation and Cost of Lending: Evidence from an Emerging Market” by Mehmet Selman Çolak from Central Bank of the Republic of Türkiye, Türkiye; Ata Can Bertay from Sabancı University, Türkiye; Ahmet Deryol from Central Bank of the Republic of Türkiye, Türkiye; Sülhan Yıldırım from Central Bank of the Republic of Türkiye, Türkiye; and Muhammed Hasan Yılmaz from Central Bank of the Republic of Türkiye, Türkiye.