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Paper Spotlight: Do Managers Do Good with Other People’s Money?

  • RCFS News

What drives the marginal dollar of “goodness” investment by managers: maximization of shareholder value or managerial agency conflicts? The CEOs backing the Business Roundtable’s “Statement on the Purpose of a Corporation that Serves All Americans” argue that Corporate Social Responsibility (CSR) should maximize shareholder value rather than be the outcome of agency conflicts. While it may be true that CSR, on average, will allow firms to do better by doing… Read More »Paper Spotlight: Do Managers Do Good with Other People’s Money?

RCFS Forthcoming Paper

  • RCFS News

“Activity shocks and corporate liquidity: the role of trade credit” by Benjamin Bureau, Anne Duquerroy, and Frédéric Vinas

RCFS Forthcoming Paper

“Returns to Scale from Labor Specialization: Evidence from Asset Management Mergers” by Mancy Luo, Alberto Manconi, and David Schumacher

Call for Papers and Proposals: RCFS Winter Conference 2024

The 2024 RCFS Winter Conference is now accepting submissions. Please see the Call for Papers and the Call for Proposals on “Politics and Corporate Power” for more details. The conference, which features a dual submission option with RCFS, will take place February 17-18, 2024, at the Royal Sonesta in San Juan, Puerto Rico. The sponsoring editors are Andrew Ellul, Isil Erel, Michelle Lowry, and Robert Marquez. The submission deadline is November 16, 2023… Read More »Call for Papers and Proposals: RCFS Winter Conference 2024

Forthcoming Paper

“Funding Contagion through Common Owners” by Borja Larrain, Giorgo Sertsios, and Francisco Urzua

New Editor Appointment

RCFS is pleased to announce the appointment of Michelle Lowry as an Editor beginning October 1, 2023. Michelle is the TD Bank Professor of Finance at the LeBow School of Business at Drexel University. She has served as an associate editor at RFS and RCFS. Please join us in welcoming Michelle.

Impact Factor

We are pleased to share that RCFS has received an impact factor of 11.3 for 2022.

Forthcoming Papers

“Banking Integration and Capital Misallocation: Evidence from China” by Naide Ye and Dongmin Kong “Determinants of the intensity of the bank-firm relationship: Evidence from Japan” by Yasuharu Aoki

Forthcoming Paper

“Solving Serial Acquirer Puzzles” by Antonio J. Macias, Raghavendra Rau, and Aris Stouraitis