Society for Financial Studies

The new issue of RCFS 4(2) September 2015 has published online. If you have a subscription, you can view the issue online here. If you don’t have a subscription, you can still view the Editor’s Choice article for free online!

At the 2015 Cavalcade, the SFS presented President Matthew Spiegel with a plaque celebrating the 5-year anniversary of the conference. The plaque was presented by Cavalcade Chair Wei Jiang.

We are grateful to Professor Spiegel for his role in pioneering the Cavalcade. We also extend our thanks to the conference chairs, host schools, reviewers, presenters, and participants who have been an integral part in the Cavalcade conferences.

Thank you from the entire team at the SFS!

The Society for Financial Studies will be accepting bids for Cavalcade 2017 beginning July 1, 2015. The bid period will run through October 1, 2015. For more information, please visit Cavalcade 2017.

The fee for submitting to an SFS journal (RAPS, RCFS, or RFS) will be increasing on July 1, 2015. The new submission fee will be $240 for members and $300 for nonmembers.

Accordingly, we’ll also be increasing our referee payments. The new referee payment for an on-time report will be $200, beginning July 1.

The winners of the Cavalcade Best Paper Awards were announced at the Awards Reception on Tuesday, May 19, at the SFS Finance Cavalcade Conference. We are pleased to now share the winners:

Cavalcade Best Paper in Corporate Finance, in honor of Jerome A. Chazen, sponsored by the Chazen Institute of International Business at Columbia Business School
Winner: “The Deposits Channel of Monetary Policy” by Itamar Drechsler, Alexi Savov, Philipp Schnabl
Prize: $1000

Cavalcade Best Paper in Asset Pricing, sponsored by the Society for Financial Studies
Winner: “Asset Management Contracts and Equilibrium Prices” by Andrea M. Buffa, Dimitri Vayanos, and Paul Woolley
Prize: $1000

The Arthur Warga Award for Best Paper in Fixed Income, sponsored by The Arthur Warga Award endowment
Winner: “Call Me Maybe? The Effects of Exercising Contingent Capital” by Boris Vallee
Prize: $1300

Congratulations to all our award winners!

The 2015 Cavalcade Conference Chairs are excited to announce the finalists for the Cavalcade Best Paper Awards. The winners will be announced at the Awards Reception on Tuesday, May 19, at the SFS Finance Cavalcade Conference. The finalists are:

Cavalcade Best Paper in Corporate Finance, in honor of Jerome A. Chazen, sponsored by the Chazen Institute of International Business at Columbia Business School

• Dynamic Adverse Selection: Time Varying Market Conditions and Endogenous Entry by Pavel Zryumov
• Government Credit, a Double-Edged Sword: Evidence from the China Development Bank by Hong Ru
• Government Guarantees and Financial Stability by Franklin Allen, Elena Carletti, Itay Goldstein, and Agnese Leonello
• The Deposits Channel of Monetary Policy by Itamar Drechsler, Alexi Savov, and Philipp Schnabl

Cavalcade Best Paper in Asset Pricing, sponsored by the Society for Financial Studies

• Asset Management Contracts and Equilibrium Prices by Andrea M. Buffa, Dimitri Vayanos, and Paul Woolley
• Can Leverage Constraints Make Overconfident Investors Better Off? by Rawley Heimer
• How Many Good and Bad Funds are There, Really? by Wayne Ferson, and Yong Chen
• The Price of Variance Risk by Ian Dew-Becker, Stefano Giglio, Anh Le, and Marius Rodriguez

The Arthur Warga Award for Best Paper in Fixed Income, sponsored by The Arthur Warga Award endowment

• Bond Market Exposures to Macroeconomic and Monetary Policy Risks by Dongho Song
• Call Me Maybe? The Effects of Exercising Contingent Capital by Boris Vallee
• Debt Correlations in the Wake of the Financial Crisis: What are Appropriate Default Correlations for Structured Products? by John Griffin and Jordan Nickerson
• Regulatory Arbitrage in Repo Markets by Benjamin Munyan

Join us at the Awards Reception to find out which papers win. For more, visit Cavalcade 2015.

SFS Vice President Laura Starks has been named the interim dean at the McCombs School of Business at the University of Texas at Austin effective Sept. 1, 2015. For the full announcement, see McCombs Today.

Register for the Cavalcade by March 31 to pay the early registration fee of $100 for SFS members or $140 for nonmembers. Registration fees increase on April 1! Register online at Cavalcade 2015.

The 2015 Society for Financial Studies Annual Meeting will take place at the 2015 Finance Cavalcade at 3:45pm on May 18, 2015, at the Scheller College of Business at Georgia Tech.

The program for Cavalcade 2015 is now available. Check it out on the Cavalcade 2015 web site!