RCFS News

                        Existing evidence shows a significant cross-sectional heterogeneity in firms’ informational environment. Smaller firms may not have any research analysts following them, thus operating in a more informationally opaque environment and, as a result, asymmetric information may allow firm insiders to profit from their superior information. But insiders may also trade not so much for profit-related reasons but to… Read More »Paper Spotlight: Corporate Transactions in Hard-to-Value Stocks

“Agency Costs and Strategic Speculation in the U.S. Stock Market” by Paolo Pasquariello

The February issue of RCFS has published! The Editor’s Choice paper is: “The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings” Jongsub Lee, Tao Li, Donghwa Shin

Angel investors, who invest their personal wealth, are more common than venture-capital (VC) investors in seed-stage startups. Yet, we know little about how these angel investors – with a more limited network than VCs – develop their financial networks. In a forthcoming RCFS paper, “Seed-Stage Success and Growth of Angel Co-investment Networks,” Buvaneshwaran Venugopal and Vijay Yerramilli show that co-investment is widespread among angel investors: Analyzing hand-collected data from the… Read More »Paper Spotlight: Seed-Stage Success and Growth of Angel Co-investment Networks

“The Disparate Effect of Nudges on Minority Groups” by Maya Haran Rosen and Orly Sade

“Economic Significance in Corporate Finance” by Todd Mitton

“Banks, Political Capital, and Growth” by Thomas Lambert, Wolf Wagner, and Eden Quxian Zhang

Decisions for submitted papers and registered reports have been sent. If you selected dual submission, you will receive a separate email in the coming weeks.

The 11th MoFiR Workshop on Banking is now accepting submissions. Please see the Call for Papers. The workshop, which features a dual submission option with RCFS, will take place in Lisbon on July 5-6, 2022. The RCFS sponsoring editor is Andrew Ellul. The submission deadline is 6pm (GMT), Sunday January 30, 2022.