sentences:  The two best finance papers in the subfield of corporate finance and the three best other papers from among all those papers that appeared in the first five issues of that year and in the December issue from the previous year are awarded prizes at the annual American Finance Association in January of the following year.Currently the Smith Breeden prizes are $10,000 for first place and $5,000 for second, but these amounts may change from time to time.Although the prize is funded by Smith Breeden Associates Inc., the administration of the Smith Breeden Prize is the responsibility of the Editor of The Journal of Finance and is carried out in conjunction with the selection of the Brattle Prizes.