Submission Period for SFS Cavalcade Asia-Pacific 2018 is Open

The SFS Cavalcade Asia-Pacific 2018 submission period is open. To submit, please visit Cavalcade Asia-Pacific 2018. The deadline for submissions is August 31, 2018. Click here to view the Call for Papers.

Dual Submission: The Cavalcade features dual submission with The Review of Asset Pricing Studies and The Review of Corporate Finance Studies.

Reminder for doctoral students: For papers in which ALL co-authors are doctoral students, the submission fee is waived.

Job Market: Asia-Pacific Universities are encouraged to engage in faculty recruiting activity on the side of the Cavalcade Asia-Pacific 2018 in Singapore. Please send an email to to indicate your university’s interest in recruiting and SFS will post a list of universities recruiting at the conference on the Asia-Pacific Cavalcade webpage shortly after they are received. Job candidates interested in those universities are encouraged to apply to those universities and to indicate that they will be available to interview at Cavalcade Asia-Pacific 2018.

SFS Council Updates

The SFS is pleased to announce the addition of two new council members: Alon Brav of Duke University and Kai Li of UBC Sauder School of Business.

Submission Fees for Dual Submission Papers

Please be advised of our new policy regarding dual submission papers. If your dual submission paper is invited to continue the submission process with the journal, the submission fee will be waived for the first round of submission to the journal. If there are subsequent rounds of submission, the standard submission fee will be required. This differs from our prior policy in which the fees were waived for dual submission papers for subsequent rounds of submission. This change is to help cover the cost of referee fees. If you have any questions about whether you need to pay a fee, please contact Managing Editor Jaclyn Einstein before completing your submission.

Introducing the New RCFS Editor Andrew Ellul

We are very pleased to announce that Andrew Ellul has agreed to serve as the next Executive Editor of RCFS. His term will begin July 1, 2018. Previously Andrew was Associate Editor and Editor of the Review of Finance. Andrew is Professor of Finance and Fred T. Greene Chair in Finance at Indiana University’s Kelley School of Business. A more complete bio and his publications can be found at

Introducing RFS Executive Editor Itay Goldstein

We are very pleased to announce that Itay Goldstein has agreed to serve as the next Executive Editor of RFS. His term will begin July 1, 2018. Itay joined the RFS editorial team in 2013 as an Editor. Before that he served as Department Editor for Management Science and Editor for the Journal of Financial Intermediation.  He is currently Professor of Finance, Professor of Economics, and the Joel S. Ehrenkranz Family Professor at the Wharton School, University of Pennsylvania. A more complete bio and his publications can be found at

Executive Editors

The Society of Financial Studies would like to thank our Executive Editors that have recently retired or are retiring at the end of June: Wayne Ferson (retired from RAPS effective January 1, 2018), Paolo Fulghieri (retiring from RCFS effective July 1, 2018), and Andrew Karolyi (retiring from RFS effective July 1, 2018). A more formal thank you to each of these Executive Editors is posted on the journal webpages at RAPS, RCFS, and RFS.

We are pleased to announce that the journals will continue to be led by accomplished finance researchers:

Jeffrey Pontiff took over as Executive Editor of RAPS on January 1, 2018.

Andrew Ellul will become Executive Editor of RCFS on July 1, 2018.

Itay Goldstein will become Executive Editor of RFS on July 1, 2018.

SFS Council Updates

SFS Council Chair Adlai Fisher’s term is ending on June 30. We thank him for his service to the Society. Raman Uppal will be the new Council Chair.

Council Member Renee Adams has been renewed for a three-year term.

All changes are effective July 1, 2018.

Winners of the Cavalcade Best Paper Awards

The winners of the SFS Cavalcade North America Best Paper Awards were announced at the Awards Reception on May 23 at SFS Cavalcade North America. We are pleased to share the winners:

Cavalcade Best Paper in Corporate Finance
“For Richer, For Poorer: Banker’s Skin-in-the-game and Risk Taking in New England, 1867-1880”
Peter Koudijs and Laura Salisbury
Prize: $1000

Cavalcade Best Paper in Asset Pricing
“What do fund flows reveal about asset pricing models and investor sophistication?”
Narasimhan Jegadeesh and Chandra Sekhar Mangipudi
Prize: $1000

The Arthur Warga Award for Best Paper in Fixed Income
“Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads”
Patrick Augustin, Mikhail Chernov, and Dongho Song
Prize: $700

Congratulations to all our award winners!