RCFS News

“Proxy Advisory Firms, Governance, Market Failure, and Regulation” by Chester S. Spatt

Camelia Kuhnen begins her role as an editor of RCFS today. Camelia is a professor of finance and Sarah Graham Kenan distinguished scholar at UNC Kenan-Flagler and a faculty research associate at NBER. She is an expert in household finance, neuroeconomics, and corporate finance. She is an associate editor at the Journal of Finance, the Review of Financial Studies, and Management Science. Camelia previously served as president of the Society… Read More »Camelia Kuhnen Joins the RCFS Team

                The COVID-19 pandemic induced an unprecedented “stress test” on the financial system and the ability of banks to supply liquidity to the real economy. A new paper by Lei Li, Phil Strahan, and Song Zhang entitled “Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis” starts with the following important observation: In the last three weeks of March 2020, banks… Read More »Paper Spotlight: Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis

The program for the 17th Annual Conference on Corporate Finance​ at Washington University is now available. The conference will take place October 30–31, 2020. Registration is required: register here. The conference features a session, joint with RCFS, on “financing innovations.”

As we emerge from the first wave of shocks induced by the COVID-19 pandemic, we need to start asking pressing questions regarding the future beyond the first round of emergencies. It is an appropriate time to start asking about the long-term adjustments that could be taking place in financial markets and economies and the research questions to match those challenges. This is the main objective of the paper “The Macroeconomics… Read More »Paper Spotlight: The Macroeconomics of Corporate Debt

              The impact of COVID-19 has driven many firms into financial distress, and policymakers around the world have responded with various emergency measures to support the business sector. While the immediate priority has been to get support out quickly to firms, over time more active decisions will have to be made on which firms should be supported. A potential danger that arises is that… Read More »Paper Spotlight: Identifying the Real Effects of Zombie Lending

In the new entry on the RCFS blog, Executive Editor Andrew Ellul dives into “Banks’ Non-Interest Income and Systemic Risk” by Markus K. Brunnermeier, Gang Nathan Dong, and Darius Palia. This paper was the Editor’s Choice for the August issue. Read the full post on the blog.  

The Review of Corporate Financial Studies (RCFS) is enacting a Code Sharing Policy for papers accepted for publication, which will be effective on October 1, 2020. The policy is available here. This policy reflects the commitment of the RCFS to the highest standards of quality, as we believe that the policy will help improve the reproducibility and replicability of published research and by this will support the credibility and impact of this… Read More »Code Sharing Policy Effective October 1