2026 Best JMP Prize Winners

We are pleased to announce the recipients of the 2026 FTG Best Theory Job Market Paper Prize.

Winner: Hanjoon Ryu (Duke → SMU) for “Dilutive Financing”

Runner-Up: Jessica Li (Chicago Booth → HBS) for “Complementarity of Bank and Market Debt in Dynamic Debt Structure”

The FTG would also like to thank the JMP Prize Committee for their tremendous efforts reviewing this year’s exceptionally strong pool of nominees: Liyan Yang (Chair), Jason Donaldson, Snehal Banerjee, Hengjie Ai, and Vladimir Asriyan.