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SFS Cavalcade North America 2019

Carnegie Mellon University
Pittsburgh, Pennsylvania
May 20-23, 2019





Hosted by the Tepper School of Business at Carnegie Mellon University

2019 SFS Finance Cavalcade Program Committee
2019 SFS Finance Cavalcade Photos

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.

Conference Chairs

Chair: Antoinette Schoar (Massachusetts Institute of Technology)
Vice Chair: Monika Piazzesi (Stanford University)
Associate Chair: Ulrike Malmendier (UC Berkeley)
SFS Advisory Chair: Josef Zechner (Vienna University of Economics and Business)

Host’s Faculty Sponsors: Burton Hollifield, Lars A. Kuehn, and Chester Spatt
Event Organization by Jaclyn Einstein (SFS), Rosanne Christy (Carnegie Mellon)

Cavalcade Keynote Speaker

Monika Piazzesi (Stanford University): The Short Rate Disconnect in a Monetary Economy

RAPS Keynote Speaker

Maureen O’Hara (Cornell University)

RCFS Keynote Speaker

Antoinette Schoar (Massachusetts Institute of Technology)


The Cavalcade received 1221 submissions, which was a 6.9% increase over the number of submissions last year. The acceptance rate was 11.1%, compared to 11.8% last year. Decisions were sent February 19. If you selected dual submission, you received a separate decision email from RCFS or RAPS. Submissions were accepted through December 7, 2018. The submission fee was $50. For papers in which ALL co-authors were doctoral students, the submission fee was waived. The submitted paper must not have been accepted (or conditionally accepted) at a journal. Papers that have been presented (or were scheduled to be presented) at the WFA, AFA, or Cavalcade Asia-Pacific were allowed. Authors of accepted papers were required to attend their session regardless of which day the session was scheduled; if an author could not make it to the scheduled time, the conference reserved the right to pull the paper.


$125 for SFS members and $165 for nonmembers; early registration (by April 8) $100 for SFS members and $140 for nonmembers. Doctoral students (from any university) and Carnegie faculty members received complimentary registration.

Conference Dual Submission Option

You had 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 selected 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.