Forthcoming Paper
“How Do Investors and Firms React to a Large, Unexpected Currency Appreciation Shock?” by Matthias Efing, Rudiger Fahlenbrach, Christoph Herpfer, and Philipp Krueger
RCFS News
Paper Spotlight: Optimal Capital Structure with Imperfect Competition
Why do firms in the same industry often have different leverage levels? In their paper “Optimal Capital Structure with Imperfect Competition,” Egor Matveyev and Alexei Zhdanov show that strategic interaction alone can generate this difference. The authors first exhibit a theoretical model in which two ex ante identical firms are deciding when to enter an industry and also how much debt to issue. The product price depends both on the… Read More »Paper Spotlight: Optimal Capital Structure with Imperfect Competition
Paper Spotlight: P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?
Peer-to-peer (P2P) lending, directly matching borrowers and lenders without the presence of an intermediating bank or the need of deposits, has grown rapidly in many countries. This growth has placed in focus the competition between this new form of un-intermediated lending and the traditional intermediated bank lending. A series of questions regarding the competition between banks and P2P platforms arise: When do banks… Read More »Paper Spotlight: P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?
New Issue: May 11(2)
The May issue of RCFS has published! The Editor’s Choice paper is: “P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?” Calebe de Roure, Loriana Pelizzon, and Anjan Thakor
Publishing in Finance: Fireside Chats with Journal Editors
RCFS Executive Editor Andrew Ellul will take part in the Publishing in Finance: Fireside Chats with Journal Editors webinar series on May 18 at 12pm ET. Sign up here.
Registered Reports Repository
The RCFS Winter Conference, which took place in February, included a Call for Proposals on “Finance for the Greater Good.” The accepted proposals are now available to view in the Registered Reports Repository.
Forthcoming Paper
“Do Security Analysts Discipline Credit Rating Agencies?” by Kingsley Fong, Harrison Hong, Marcin Kacperczyk, and Jeffrey Kubik
Dual Submission Decisions for ECGI Corporations and COVID-19 Conference
The dual submission decisions for the ECGI Corporations and COVID-19 Conference have been sent. If you submitted your paper as a dual submission and did not receive your decision email, please contact us.
Forthcoming Paper
“A Closer Look at the Effects of Equity Market Liberalization in Emerging Markets” by David McLean, Jeffrey Pontiff, and Mengxin Zhao
RCFS and UBC Winter Finance Dual Submissions
The RCFS dual submission decisions for the UBC Winter Finance Conference have been sent. If you submitted your paper as a dual submission and did not receive your decision email, please contact us.