The department congratulates Andreas Benz and Daniel Hoang for receiving the Larry Lang Corporate Finance Best Paper Award 2019 for their research paper "Corporate Diversification and Capital Structure" during this year's annual meeting of the European Financial Management Association (EFMA). The Larry Lang Corporate Finance Best Paper Award recognized the research paper that has the most potential to advance the understanding in the field of corporate finance. We share the laureates' happiness with the award, which emphasizes the striking relevance of their research.