RCFS News

“The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings” by Tao Li, Donghwa Shin, and Jongsub Lee

Risk taking by banks has been discussed extensively by researchers and policy makers for many years, even preceding the Great Recession. Literature has focused on two mechanisms that alter banks’ risk-taking behavior: higher regulatory capital ratios and higher competition due to bank deregulation. But, how does a bank’s equity capital ratio interact with banking competition in their impact on risk taking? In a forthcoming RCFS paper, “Effect of the Equity Capital… Read More »Paper Spotlight: Effect of the Equity Capital Ratio on the Relationship between Competition and Bank Risk-Taking Behavior

We are pleased to share that Andrew Ellul has been renewed for another 3-year term as Executive Editor and Isil Erel has been renewed for a second term as an editor. We are grateful to Uday Rajan, who has completed his second term as an editor. Uday has been with RCFS since 2015 and we are so thankful to him for his dedication. We welcome Robert Marquez to the team… Read More »Editorial Team Changes

The video of Amir Sufi’s keynote presentation, “A Goldilocks Theory of Fiscal Policy,” at Cavalcade North America 2021 can now be viewed on the Cavalcade web site.

“Seed-Stage Success and Growth of Angel Co-investment Networks” by Buvaneshwaran Venugopal and Vijay Yerramilli

The Editor’s Choice paper for issue 10(2) is “Wages and Firm Performance: Evidence from the 2008 Financial Crisis” by Paige Ouimet and Elena Simintzi. You can read the paper free online.

The dual submission decisions for the 10th MoFiR Workshop on Banking have been sent. If you submitted your paper as a dual submission and did not receive your decision email, please contact us.

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

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

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.