RAPS News

RAPS has published a bonus issue to address research on the COVID-19 pandemic. This issue, 10(4) December 2020, features an introduction by Lars Peter Hansen. The entire issue is free to read online.

“Dynamic Asset Pricing with Interactions between Short-Sale and Borrowing Constraints” by Lei Shi and Yajun Xiao

We are pleased to announce that the Review of Asset Pricing Studies has made the decision to begin publishing four issues per year, starting in 2021. RAPS has experienced a sustained influx of high quality submissions, allowing an increase in our annual number of published papers.

“Zero-Coupon Yields and the Cross-Section of Bond Prices” by Nathaniel Aaron Pancost

Oxford University Press presents the Political Economy Collection, featuring “Preventing Controversial Catastrophes” by Steven D. Baker, Burton Hollifield, and Emilio Osambela. This paper was an Editor’s Choice in the February 2020 issue of RAPS 10(1). The collection is free to read through the end of January 2021 on Oxford University Press’s web site.

“Multifactor models and their consistency with the APT” by Ilan Cooper, Liang Ma, Paulo F. Maio, and Dennis Philip

The Editor’s Choice article for RAPS 10(3) is “Do Proxies for Informed Trading Measure Informed Trading? Evidence from Illegal Insider Trades” by Kenneth R.Ahern. You can read the paper free online.

“Economic-state Variation in Uncertainty-Yield Dynamics” by Robert Connolly, David Dubofsky, and Chris Stivers “A Tale of Two Crises: The 2008 Mortgage Meltdown and the 2020 COVID-19 Crisis” by Chester Spatt

“COVID-19 and the Cross-Section of Equity Returns: Impact and Transmission” by Lorenzo Bretscher, Alex Hsu, Peter Simasek, and Andrea Tamoni “Earnings Expectations in the COVID Crisis” by Augustin Landier and David Thesmar

“A First Look at the Impact of COVID-19 on Commercial Real Estate Prices: Asset-Level Evidence” by David Ling, Chongyu Wang, and Tingyu Zhou