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RCFS News

Paper Spotlight: Skilled Labor Risk and Corporate Policies

Human capital has become an increasingly important asset for firms operating in many industries, not just in the more technological areas. Competition for talent is increasing, prompting the questions regarding, first, the attraction and, second, retention of skilled labor. Firms face labor mobility risk, especially in the case of skilled labor, which can hamper firm operations along many different dimensions. In the paper titled “Skilled Labor Risk and Corporate Policies,”… Read More »Paper Spotlight: Skilled Labor Risk and Corporate Policies

Winners of the RCFS Awards

The winners of the annual RCFS Awards were announced at the virtual Awards Reception on May 25 as part of the SFS Cavalcade. We are pleased to share the winners: Best Paper Award “How Do Laws and Institutions Affect Recovery Rates for Collateral?” Hans Degryse, Vasso Ioannidou, José María Liberti, and Jason Sturgess Prize: $10,000 Referee of the Year Jack Liebersohn Prize: $1000 Rising Scholar Award “Tough Love: The Effects of Debt Contract… Read More »Winners of the RCFS Awards

Andrew Ellul in SEE FAR

In the Spring 2021 issue of SEE FAR, RCFS Executive Editor Andrew Ellul has written “Financing Innovation: Evidence from the Medical Field” based on a session that RCFS co-organized at the 17th Annual Conference on Corporate Finance and Financial Intermediation with the Olin Business School at Washington University.

Robert Marquez Joining the RCFS Team

We are pleased to announce that Robert Marquez is joining RCFS as an editor. Robert is a professor of finance at University of California, Davis. He is an expert in banking and corporate finance and is currently an associate editor at Management Science. His first day will be July 1, 2021.

Forthcoming Paper

“Are Directors Rewarded for Excellence? Evidence from Reputation Shocks and Career Outcomes” by Mark Andrew Chen, Hai Tran, Qinxi Wu, and Evgenia Zhivotova

Forthcoming Paper

“Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections” by Stefano Ramelli, Alexander F. Wagner, Richard Zeckhauser, and Alexandre Ziegler

Forthcoming Paper

“Social Proximity, Information, and Incentives in Local Bank Lending” by Junbo Wang, Yun Wang, Chunchi Wu, Xiaoguang Yang, and Lin Zhao

Paper Spotlight: Staggered Boards and the Value of Voting Rights

Do staggered (or classified) boards harm shareholder value through entrenchment or help through stability? In a forthcoming RCFS paper, “Staggered Boards and the Value of Voting Rights,” Oğuzhan Karakaş and Mahdi Mohseni revisit this question by using a novel methodology and provide causal evidence on the entrenchment view of staggered boards. Existence of staggered boards, where only a fraction of board members is up for election in a year, has… Read More »Paper Spotlight: Staggered Boards and the Value of Voting Rights