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SFS Cavalcade North America 2023

University of Texas at Austin
May 22-25, 2023

 2023 Program

2023 Award Photos

Conference Chairs

Chair: Victoria Ivashina (Harvard Business School)
Vice Chair: Jules van Binsbergen (The Wharton School)
Associate Chair: Laura Veldkamp (Columbia Business School)
Host’s Faculty Sponsor: Laura Starks
Event Organization by Jaclyn Einstein (SFS), Belinda Clark (University of Texas at Austin)

Tweet with us! #SFSCavalcade

Keynote Speakers

Tuesday May 23 3:30pm RAPS & RCFS Keynote: “The Rise of Credit Policy” by Deborah Lucas (MIT Sloan) 
Wednesday May 24 12pm Cavalcade Keynote: “Financial Stability Challenges: High-Yield Market” by Victoria Ivashina (Harvard Business School)


Best Paper in Asset Pricing: “Return Expectations and Portfolios: Evidence from Large Asset Managers” by Magnus Dahlquist and Markus Ibert
Best Paper in Corporate Finance: “Improving the Measurement of Tax Residence: Implications for Research on Corporate Taxation” by Jean-Marie Meier and Jake Smith
Arthur Warga Award for Best Paper in Fixed Income: “The Demand for Long-Term Mortgage Contracts and the Role of Collateral” by Lu Liu


Main location: Rowling Hall
300 W Martin Luther King Jr Blvd, Austin, TX 78705

Monday Reception: AT&T Conference/Hotel Center 
1900 University Ave, Austin, TX 78705

There is a plaza between Rowling Hall and the AT&T Center. There is also a walkway underground that connects the two buildings.

Submitting Your Paper

The submission period has ended.

Call for Papers

-The submission period is November 8-December 12, 2022.

-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.

-ConfTool does not save accounts from previous conferences so you will need to make a new account even if you have made an account for another Cavalcade.

-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 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.

-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. Payments can be made via PayPal or credit card (Visa, Mastercard). To pay with credit card, simply click past the prompt to log into PayPal.

-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 1518 submissions. The acceptance rate was 8.9%.

-Decisions were sent February 8, 2023. If you did not receive your decision email, log in to ConfTool to see results or contact us.

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


Registration is closed. All participants must register, including session chairs, discussants, presenters, and attending co-authors.

Registration fees may be paid via credit card (Visa, Mastercard) or PayPal. If you are paying with a credit card, you do not need to create a PayPal account; simply click past the PayPal Sign In to pay with your card.

Early Registration (through April 7)
SFS Members: $150
Nonmembers: $190

Regular Registration (beginning April 8)
SFS Members: $175
Nonmembers: $215

PhD Student (from any organization): Free
UT Austin Faculty: Free

There are no refunds.


AT&T Hotel and Conference Center
1900 University Ave., Austin, TX 78705
The deadline to book within the SFS block was April 22.

Authors of Accepted Papers

You may provide an updated PDF of your paper, update your presenting author, and update other details by logging into ConfTool.


The Cavalcade format is 45 minutes per paper, with 20 minutes for authors, up to 15 minutes for discussants, and 10 minutes for audience and author participation. Session Chairs may adjust this format if needed; please refer to your Session Chair.

About the Cavalcade

The SFS Cavalcade is a 3-day conference covering all areas of finance. The format is 45 minutes per paper with 9 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 PhD students receive complimentary registration to the conference. The SFS Cavalcade 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