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SFS Cavalcade Asia-Pacific 2022

The Chinese University of Hong Kong, Shenzhen and Shenzhen Finance Institute
December 16-18, 2022

2022 Cavalcade Asia Pacific Program with video links

Conference Chairs

Chair: Jun-Koo Kang (Nanyang Technological University)
Vice Chair: Jun Pan (Shanghai Jiao Tong University)
Associate Chair: Chen Lin (University of Hong Kong)
Host’s Faculty Sponsor: Tao Shu (Chinese University of Hong Kong, Shenzhen)
Event Organization by: Kaixin Xin (Chinese University of Hong Kong, Shenzhen), Leigh Ann Clark (SFS)

Keynote Speakers

Insider Trading, Social Ties, and Rivals’ Cyberattacks by: Jun-Koo Kang (Nanyang Technical University)
The Salience of Entrepreneurship by: Gustavo Manso (University of California at Berkeley)
Household Decisions in Financial Markets: The Structure Beneath the Surface by: Tarun Ramadori (Imperial College Business School)


Best Paper in Corporate Finance: “Power Grab: Activists, Short Sellers, and Disagreement” by: Tao Li,Pedro A. C. Saffi,  Daheng Yang

Best Paper in Asset Pricing:  “From Man vs. Machine to Man + Machine: The Art and AI of Stock Analyses” by: Sean Cao, Wei Jiang, Junbo Wang, Baozhong Yang

The Arthur Warga Award for Best Paper in Fixed Income:  “Intergenerational Conflict and Education Financing” by: Hanyi (Livia) Yi

Submitting Your Paper

-The submission period was May 15-June 30, 2022.

-Make sure to begin your submission with plenty of time to complete it before the deadline of 11:59pm HKT. Late submissions will not be allowed.

-You do not need to remove author names from the uploaded paper.

-The submitted paper must not be accepted (or conditionally accepted) at a journal.

-Papers that have been presented (or are scheduled to be presented) at the WFA, AFA, and/or SFS Cavalcade North America are allowed.

-Authors of accepted papers are required to attend their session regardless of which day the session is scheduled; if an author can not make it to the scheduled time, the conference reserves the right to pull the paper.

Submission Fees

-The submission fee is $50.

-For papers in which ALL co-authors are doctoral students, the submission fee is waived. Make sure you select the student category to avoid paying the fee. You may click past any notes saying you need to pay before you submit; the note is standard in ConfTool and can’t be removed.

-The fee may be paid via PayPal, Stripe, or credit card. You do not need to create a PayPal account to pay via credit card; simply click past the “create an account” option to enter your credit card information.

-ConfTool requires you to pay the fee before you can submit your paper. If you are submitting multiple papers, ConfTool will ask you to pay all the fees at once, then upload each paper individually.

-There are no refunds.

Dual Submission Option with RAPS and RCFS

You have the option to elect dual submission to either the Review of Corporate Finance Studies or the Review of Asset Pricing Studies. If the journal you select decides not to send your paper out for review, the editor may refer your paper to the other journal, if appropriate, or to the Review of Financial Studies, for possible review. Thus, by selecting the dual submission option, you have implicitly agreed to be reviewed by any of the three SFS journals. Please see our Dual Submission Policy.


We received 378 submissions. The acceptance rate was 14%.

Conference decisions were sent in September, 2022.

If you selected dual submission, you will receive a separate email from RAPS or RCFS. Because the dual submissions are sent to the journals after the conference decisions are made, the dual submissions decisions will be sent after the conference decision.


Recommended presentation times: 30 minutes for authors, 15 minutes for discussants, and 10 minutes for audience and author participation, for a total of 55 minutes per paper. Session chairs will guide the time at their discretion.

Conference Registration

-All participants must register to receive the Zoom links, including session chairs, discussants, presenters, and attending co-authors. The email address you provide during registration is where the Zoom link will be sent.

-The registration fee for the virtual conference is $50. This is substantially discounted from the in-person Cavalcade in which the fee was $100-$165. The registration fee will help offset the cost of running the virtual conference.

-ATTENTION DOCTORAL STUDENTS: You are eligible for complimentary registration. Please use your university email to register.

-The email address you provide during registration is where the Zoom link will be sent.

-Registration fees may be paid via credit card, PayPal, or Stripe. You do not need to create a PayPal account to pay via credit credit; simply click past the account creation step.

Registration is nonrefundable.

About the Cavalcade

The SFS Cavalcade is a three day conference covering all areas of finance. The format is 55 minutes per paper with nine-to-eleven parallel sessions. Our goal is to provide a setting that produces the kind of in-depth participation of a smaller conference while accommodating the variety of papers of a larger one.

The host school’s faculty and Ph.D. students receive complimentary registration to the conference and all events.

The SFS Cavalcade conference is a joint project of the Review of Financial Studies, the Review of Corporate Finance Studies, and the Review of Asset Pricing Studies.

Contact Us

For questions, contact