Winners of the Cavalcade Best Paper Awards

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The winners of the SFS Cavalcade North America 2020 Best Paper Awards were announced at the virtual Awards Reception on May 26. We are pleased to share the winners:

Best Paper in Corporate Finance
“Financial Technology Adoption”
Sean Higgins
Prize: $1000

Best Paper in Asset Pricing
“Forest through the Trees: Building Cross-Sections of Stock Returns”
Svetlana Bryzgalova, Markus Pelger, and Jason Zhu
Prize: $1000

The Arthur Warga Award for Best Paper in Fixed Income
“The Passthrough of Treasury Supply to Bank Deposit Funding”
Wenhao Li, Yiming Ma, and Yang Zhao
Prize: $750 (2% of the endowment)

Congratulations to all our award winners!

Cavalcade Keynotes

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Don’t miss the keynote speeches at next week’s virtual Cavalcade:

Tuesday May 26, 3:45pm RAPS Keynote by Campbell Harvey (Duke), “Tortured Data”

Wednesday May 27, 12pm Cavalcade Keynote by Antoinette Schoar (MIT), “Consumer Financial Protection as Whack-a-mole”

Wednesday May 27, 3:45pm RCFS Keynote: Thomas Philippon (NYU), “Efficient Programs to Support Businesses during Crises”

Thursday May 28, 12pm Keynote by Amir Yaron (Bank of Israel, University of Pennsylvania)

All times are in EDT.

RAPS Call for Papers: COVID-19 and Financial Markets

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The editors of the Review of Asset Pricing Studies invite submissions of papers related to the COVID-19 pandemic, financial markets, and asset pricing for a special issue that will be published in 2020. All subscribers to RAPS will receive the special issue at no extra cost. The issue will include an introduction by Lars Peter Hansen.

We seek impactful papers that will provide foundations for future financial COVID-19 research.

The deadline to submit papers is June 6, 2020. The submission fee will be waived. Submitted papers must be unpublished and not currently under review. Please submit your paper via our website, http://sfsraps.org/submit-a-paper/, and select the submission option “Special Issue.” You may select the payment waiver “Paper was “invited” (solicited for submission) by an editor.”

To achieve our goal of publishing a slate of impactful papers on financial markets, selection will be stringent and the desk rejection rate is likely to be high. As such, desk rejected papers for the special issue may be later resubmitted to RAPS for consideration without prejudice.

Webinar: An Evaluation of the Fed-Treasury Credit Programs

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On Monday, May 11 at 12:30 PM EST, Jeremy Stein will join a webinar, co-hosted by the Princeton Bendheim Center for Finance and the Society for Financial Studies, on the COVID-19 credit programs recently implemented by the Federal Reserve and the U.S. Treasury. Stein is a Professor of Economics at Harvard University and a former Governor of the Federal Reserve.

The event will begin with a brief discussion by Markus Brunnermeier, Director of the Princeton Bendheim Center for Finance. Stein will then present. Both Brunnermeier and Stein will take questions from the audience throughout the event.

Preregistration is required.

Registration is Open for Virtual Cavalcade

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Registration for the virtual SFS Cavalcade North America 2020 conference is now open on the Cavalcade web site. Registration is free. Please make sure to register using your academic email address. The conference will take place May 25-28, 2020, hosted by the Kelley School of Business at Indiana University. Register by May 20.

Innovation & Entrepreneurship Collection

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Oxford University Press presents the Innovation & Entrepreneurship Collection, featuring papers from RAPS, RCFS, and RFS. The following papers are included:

RAPS
-Firm Creation and Destruction, and Asset Prices by Jan Bena, Lorenzo Garlappi, and Patrick Grüning

RCFS
-Corporate Innovation and Returns by Jan Bena and Lorenzo Garlappi
-Lending to Innovative Firms by Sudheer Chava, Vikram Nanda, and Steven Chong Xiao

RFS
-Destructive Creation at Work: How Financial Distress Spurs Entrepreneurship by Tania Babina
-The Political Economy of Financial Innovation: Evidence from Local Governments by Christophe Pérignon and Boris Vallée
-How Valuable Is FinTech Innovation? by Mark A. Chen, Qinxi Wu, and Baozhong Yang
-Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China by Lily H. Fang, Josh Lerner, and Chaopeng Wu

The featured papers are free to read through the end of June on Oxford University Press’s web site.