Congratulations to Professor Alminas Zaldokas for receiving the Best Paper Award from the 2018 Asian Finance Association Annual Meeting for his study titled "Naughty Firms, Noisy Disclosure: The Effect of Cartel Enforcement on Corporate Disclosure". This study is co-authored with Professor Thomas Bourveau from Columbia Business School and Guoman She from HKUST. In this paper, the authors find that public disclosure can be used as focal points to sustain collusive agreements.