We are to pleased to announce our 2020 Literati Award winners.

Outstanding Paper
Market or government: who plays a decisive role in R&D resource allocation?
Shoufu Xu, Xuehui He, Longbing Xu

Highly Commended Papers
Pay gap, inventor promotion and corporate technology innovation
Qifeng Zhao, Yongzhong Wang

Investment-internal capital sensitivity, investment-cash flow sensitivity and dividend payment
Xiaodong Xu, Huifeng Xu

Monetary model of exchange rate determination under floating and non-floating regimes
Oyakhilome Wallace Ibhagui

Outstanding Reviewers
Changqing Luo
Shasha Liu
Yunhao Dai