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SFS Cavalcade North America 2021

MIT Golub Center for Finance and Policy (Virtual Conference)
May 24-27, 2021


SFS Cavalcade 2021 Program with Video Links

Our thanks to MIT GCFP for hosting the videos. 

SFS Cavalcade 2021 Program Committee

SFS Cavalcade 2021 Program

Conference Chairs

Chair: Ulrike Malmendier (UC Berkeley)
Vice Chair: Andrea Eisfeldt (UCLA)
Associate Chair: Victoria Ivashina (Harvard Business School)
SFS Advisory Chair: Wei Jiang (Columbia Business School)

Host’s Faculty Sponsors: Deborah Lucas, Ed Golding
Event Organization by Jaclyn Einstein (SFS), Deirdre Wade (MIT)

Tweet with us! #SFSCavalcade

All times in Eastern Time Zone.

Keynote Speakers

Mon May 24 5pm Cavalcade Keynote “Epidemics, Crises, and Beliefs” by Ulrike Malmendier (UC Berkeley) | VIDEO
Tues May 25 3:45pm RCFS Keynote “A Goldilocks Theory of Fiscal Policy” by Amir Sufi (University of Chicago) | VIDEO
Wed May 26 3:45pm RAPS Keynote “Q&A Session” by Eugene Fama (University of Chicago) | VIDEO


Best Paper in Corporate Finance: “Friends in Media” by Guosong Xu

Best Paper in Asset Pricing: “Social Security and Trends in Wealth Inequality” by Sylvain Catherine, Max Miller, and Natasha Sarin

The Arthur Warga Award for Best Paper in Fixed Income: “Credit Fire Sales: Captive Lending as Liquidity in Distress” by Matteo Benetton, Sergio Mayordomo, and Daniel Paravisini


Mon May 24 5:45pm Virtual Welcome Reception
Tues May 25 1:15pm Panel Honoring Craig W. Holden
Tues May 25 4:30pm Presentation of Awards
Tues May 25 5pm Virtual Reception
Wed May 26 4:30pm SFS Membership Meeting

Submitting Your Paper

-The submission period was November 6-December 10, 2020. Make sure to begin your submission with plenty of time to complete it before the deadline of 11:59pm EST. 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 Asia-Pacific 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 was $50.

-For papers in which ALL co-authors are doctoral students, the submission fee was 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.


-Decisions were sent March 8.

-We received 1566 submissions and the final program was highly selective, with an 8.6% acceptance rate.

-The dual submission decisions from RAPS and RCFS have been sent. If you did not receive your decision email, please contact us.


-All participants must register to receive the Zoom links, including session chairs, discussants, presenters, and attending co-authors.

-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. To receive a registration code, please contact us from your university email address before May 21. Please DO NOT register before receiving the code.

-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