The Review of Asset Pricing Studies is launching a Special Issue on AI/ML on Asset Pricing, guest edited by Zhiguo He (Stanford GSB, Executive Editor of RAPS), Bryan Kelly (Yale SOM, Guest RAPS Editor), and Markus Pelger (Stanford MS&E, Guest RAPS Editor). We welcome papers on all aspects of AI/ML applications in asset pricing. Deadline to submit papers is November 18, 2025. Please see the Call for Papers for full details.
“Asset Prices When Investors Underestimate Discount Rate Dynamics” by Wang Renxuan
“To Lend or Not to Lend: The Bank of Japan’s ETF Purchase Program and Securities Lending” by Mitsuru Katagiri, Junnosuke Shino, and Koji Takahashi
“Information from Inaction: Vested Options Unexercised and Firm Performance” by Dien Giau Bui, Chih-Yung Lin, and Tse-Chun Lin
The Society for Financial Studies is pleased to launch our new membership system. Members will be able to purchase 1-year memberships, 3-year memberships, or student memberships. Our submission systems will automatically recognize memberships and remind you when you need to renew. The new system was not able to move current memberships over, which means all accounts are starting from scratch. We apologize for the inconvenience! If you purchased a membership recently,… Read More »New Membership System
“Asset Growth Anomaly of Corporate Bonds: A Decomposition Analysis” by Fang Chen, Jingzhi Huang, Yifei Li, Wenfeng Wu, and Tong Yu
RAPS welcomes the following Associate Editors:Vincent Bogousslavsky (Boston College)Jonathan Brogaard (University of Utah)Winston Dou (Wharton)Kai Li (PHBS at PKU)Andrea Tamoni (Notre Dame) Associate Editors renewing for a second term are:Ravi Bansal (Duke) Nicolae Garleanu (Washington University in St. Louis)Arvind Krishnamurthy (Stanford)Dacheng Xiu (University of Chicago) Changes are effective July 1, 2025.
The winners of the annual RAPS Awards were announced at SFS Cavalcade North America 2025. We are pleased to share the winners: Best Paper Award“Loss Sharing in Central Clearinghouses: Winners and Losers”Christian Kubitza, Loriana Pelizzon, and Mila Getmansky ShermanPrize: $10,000 Referee of the YearAlexander DickersonPrize: $1000 Congratulations to all our award winners!
The June issue of RAPS has published! The Editor’s Choice paper is: “Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks” by George M. Constantinides
The Society for Financial Studies is hosting the inaugural RAPS/RCFS Europe Conference in Cambridge on September 16, 2025. We will host dual track sessions in Asset Pricing and Corporate Finance with a keynote by Zhiguo He. The conference organizers are Isil Erel, Zhiguo He, and Constantine Yannelis. The conference will feature optional dual submission to RAPS or RCFS. The deadline to submit is July 1, 2025. For more, please see… Read More »Inaugural RAPS/RCFS Europe Conference
