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… Read More »Code Sharing Policy
Sharp recessions and prolonged market stress periods are accompanied by drying up of equity and corporate bond issues, a big challenge for firms because the need for capital is very high during such periods. Disentangling supply-driven from demand-driven reasons is very problematic. In this paper, Michael Halling, Jin Yu, and Josef Zechner use the ongoing COVID-19 pandemic, a truly exogenous demand shock,… Read More »Paper Spotlight: How Did COVID-19 Affect Firms’ Access to Public Capital Markets?
The market reactions to the 2019 novel Coronavirus event, a truly exogenous shock, can help our understanding of how real economic shocks and financial policies drive firm value. In “Feverish Stock Price Reactions to COVID-19,” Stefano Ramelli and Alexander F. Wagner find strong causal evidence for the role of international trade and global value chains for corporate value. Initially, internationally-oriented firms, especially those more exposed to China, underperformed. As the… Read More »Paper Spotlight: Feverish Stock Price Reactions to COVID-19
“Feverish Stock Price Reactions to COVID-19” by Stefano Ramelli and Alexander F. Wagner
We welcome the following associate editors to the RCFS team: Heitor Almeida (University of Illinois at Urbana-Champaign) Jonathan Cohn (University of Texas at Austin) Sudipto Dasgupta (Chinese University of Hong Kong) Elena Loutskina (University of Virginia) Andrey Malenko (University of Michigan) Paige Oiumet (University of North Carolina at Chapel Hill) Giorgia Piacentino (Columbia University) Adriano Rampini (Duke University) Martin Schmalz (University of Oxford).
The Review of Corporate Finance Studies is introducing a Prior Review Process. The goal of such review process is to help the editors arrive at a quick and informed decision on a paper based on feedback received by the authors from previous submissions. A paper is eligible for this optional review process if it was previously submitted to a few select journals. Starting on June 1, 2020, when you submit… Read More »Introducing the Prior Review Process
RCFS extends our gratitude to retiring editor Gregor Matvos. Gregor has been an editor with RCFS since 2016. We thank him for his service.
“Brand Equity, Earnings Management, and Financial Reporting Irregularities” by Ghada Ismail, Fariz Huseynov, Pankaj K. Jain, and Thomas H. McInish
The winners of the annual RCFS Awards were announced at the virtual Awards Reception on May 26 as part of the Cavalcade. We are pleased to share the winners: Best Paper Award “Deposit Insurance, Bank Risk-Taking, and Failures: Evidence from Early Twentieth-Century State Deposit Insurance Systems” Felipe Aldunate Prize: $10,000 Referee of the Year Chotibhak Jotikasthira Prize: $1000 For the first time ever, RCFS awarded the Rising Scholar Award, which is… Read More »Winners of the RCFS Awards
RCFS has launched a Twitter account. Follow us @RevOfCorpFin.
