RAPS News

“Why do Predicted Stock Issuers Earn Low Returns?” by Charles M. C. Lee and Ken Li

The March issue of RAPS has published! The Editor’s Choice paper is: “Embedded Leverage” Andrea Frazzini, Lasse Heje Pedersen

“Liquidation Cascade and Anticipatory Trading: Evidence from the Structured Equity Product Market” by Jun Kyung Auh and Wonho Cho

“Self-fulfilling Asset Prices” by Alexander K. Zentefis

“Investor Information Choice with Macro and Micro Information” by Paul Glasserman and Harry Mamaysky

“Asset-Pricing Implications of Firms’ Government Sales Dependency” by Bharat Raj Parajuli

The SFS is grateful to Jeffrey Pontiff, who is retiring as Executive Editor of RAPS on December 31. Jeffrey has been with RAPS since the beginning, serving first as an Editor and then as Executive Editor. We thank him for his long-term dedication to RAPS. Please join us in welcoming Zhiguo He as the next Executive Editor of RAPS. Zhiguo is currently an Editor and will move to the Executive… Read More »Editorial Team Updates

“Asset Pricing Tests of Infrequently Traded Securities: The Case of Municipal Bonds” by Yao-Tsung Chen, Chunchi Wu, and Chung-Ying Yeh

“Short Selling ETFs” by Frank Weikai Li and Qifei Zhu

“The Cross-Section of Cryptocurrency Returns” by Nicola Borri and Kirill Shakhnov