“Banks’ Market Power, Access to Finance, and Leverage” by M. Cecilia Bustamante and Francesco D’Acunto “The Effects of House Prices and Home Equity Extraction on Career Outcomes” by Jacelly Cespedes, Zack Liu, and Carlos Rafael Parra
The upcoming issue of the Review of Corporate Finance Studies will be a Special Issue on “Finance for the Greater Good,” edited by Andrew Ellul, Isil Erel, Camelia Kuhnen, and Robert Marquez. The papers in this issue are part of the RCFS Winter Conference Registered Reports initiative. You can learn more about the initiative in the issue’s editorial, which is free access online. The issue will publish online on October… Read More »RCFS Special Issue
We’re happy to announce that the Associate Chair for SFS Cavalcade North America 2024 will be Joshua D. Rauh (Stanford Graduate School of Business). Professor Rauh joins Chair Jules van Binsbergen (The Wharton School) and Vice Chair Laura Veldkamp (Columbia Business School).
What drives the marginal dollar of “goodness” investment by managers: maximization of shareholder value or managerial agency conflicts? The CEOs backing the Business Roundtable’s “Statement on the Purpose of a Corporation that Serves All Americans” argue that Corporate Social Responsibility (CSR) should maximize shareholder value rather than be the outcome of agency conflicts. While it may be true that CSR, on average, will allow firms to do better by doing… Read More »Paper Spotlight: Do Managers Do Good with Other People’s Money?
The October issue of RFS has published! The Editor’s Choice paper is: “Financing Competitors: Shadow Banks’ Funding and Mortgage Market Competition” by Erica Xuewei Jiang
“Activity shocks and corporate liquidity: the role of trade credit” by Benjamin Bureau, Anne Duquerroy, and Frédéric Vinas
“Is firm-level political risk priced in the equity option market?” by Thang Ho, Anastasios Kagkadis, and George Wang
Photos of the award winners from SFS Cavalcade 2023 are posted on the conference website.
“Investors’ Beliefs and Cryptocurrency Prices” by Matteo Benetton and Giovanni Compiani
The September issue of RFS has published! The Editor’s Choice paper is: “How ETFs Amplify the Global Financial Cycle in Emerging Markets” by Nathan Converse, Eduardo Levy-Yeyati, and Tomas Williams
