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RCFS News

Forthcoming Papers

“Passivity on the Board of Directors” by Chris Yung “Racial Disparities in Mortgage Lending: New Evidence based on Processing Time” by Bin Wei Federal and Feng Zhao

Paper Spotlight: Public Firm Borrowers of the U.S. Paycheck Protection Program

The Paycheck Protection Program (PPP), with over $500 billion distributed over a few months in 2020, was one of the largest stimulus programs in U.S. history. The program was created to help “small businesses” survive the COVID-19 shock. However, in a forthcoming RCFS paper, “Public Firm Borrowers of the U.S. Paycheck Protection Program,” Anna Cororaton and Samuel Rosen document that nearly half of U.S. public firms were eligible for the… Read More »Paper Spotlight: Public Firm Borrowers of the U.S. Paycheck Protection Program

Editor’s Choice 10(4)

The Editor’s Choice paper for issue 10(4) is “Public Firm Borrowers of the U.S. Paycheck Protection Program” by Anna Cororaton and Samuel Rosen. You can read the paper free online.

Paper Spotlight: Sharing R&D Risk in Healthcare via FDA Hedges

                          Recent estimates suggest that the cost of developing a single new drug in the biopharmaceutical sector is $2.6 billion, confirming the very large amounts of money that medical companies invest to develop a new treatment. Biomedical companies also face the risk of very low rates of success, not only due to the inherent scientific risk of developing… Read More »Paper Spotlight: Sharing R&D Risk in Healthcare via FDA Hedges

Forthcoming Paper

“Hidden Performance: Salary History Bans and Gender Pay Gap” by Jesse Davis, Paige Parker Ouimet, and Xinxin Wang

Final Day to Submit Your Registered Report!

The deadline to submit Registered Reports/Proposals on “Finance for the Greater Good” to 2022 RCFS Winter Conference is today, December 5, 2021! The system will close at 11:59pm ET. Please ensure you begin your submission with time to finish it before the deadline.  

Paper Spotlight: Private Equity and the Resolution of Financial Distress

              Leveraged buyouts by private equity funds have been a constant, and growing, phenomenon in corporate finance over the last two decades and their importance is likely to increase in the post-COVID world. Empirical literature on this subject has explored various angles, but one unanswered question is whether the high leverage used in private equity (PE) buyout transactions contributes to the disproportionately high default… Read More »Paper Spotlight: Private Equity and the Resolution of Financial Distress