RCFS News

“Competition and Certification: Evidence from the Audit Market” by Heng Geng, Cheng Zhang, and Frank Zhou

“Banks’ Market Power, Access to Finance, and Leverage” by M. Cecilia Bustamante and Francesco D’Acunto “The Effects of House Prices and Home Equity Extraction on Career Outcomes” by Jacelly Cespedes, Zack Liu, and Carlos Rafael Parra

The upcoming issue of the Review of Corporate Finance Studies will be a Special Issue on “Finance for the Greater Good,” edited by Andrew Ellul, Isil Erel, Camelia Kuhnen, and Robert Marquez. The papers in this issue are part of the RCFS Winter Conference Registered Reports initiative. You can learn more about the initiative in the issue’s editorial, which is free access online. The issue will publish online on October… Read More »RCFS Special Issue

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?

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