We’re happy to announce that the Associate Chair for SFS Cavalcade North America 2023 will be Laura Veldkamp (Columbia Business School). Professor Veldkamp joins Chair Victoria Ivashina (Harvard Business School) and Vice Chair Jules van Binsbergen (The Wharton School).
The October issue of RFS has published! The Editor’s Choice paper is: “Credit Ratings and Market Information” by Alessio Piccolo and Joel Shapiro
Agency problems between managers and shareholders affect both investment and capital structure decisions at firms. In “Agency Conflicts and Investment: Evidence from a Structural Estimation,” Redouane Elkamhi, Daniel Kim, Chanik Jo, and Marco Salerno develop and structurally estimate a dynamic model to understand the real and financial implications of such agency problems. The manager in the model is pulled into two different directions. On… Read More »Paper Spotlight: Agency Conflicts and Investment: Evidence from a Structural Estimation
“Small Rebalanced Portfolios Often Beat the Market Over Long Horizons” by Adam Farago and Erik Hjalmarsson
“In Search of Habitat” by Xuanjuan Chen, Zhenzhen Sun, Tong Yao, and Tong Yu
“Competing for Deal Flow in Local Mortgage Markets” by Darren James Aiello, Mark Garmaise, and Gabriel Natividad
We are grateful to Marcin Kacperczyk, who is retiring as an Editor of RAPS. We wish Marcin all the best in his new role as Managing Editor of the Review of Finance beginning in January 2023.
The Society for Financial Studies invites bids to host future Cavalcades. We are currently accepting bids for 2024-2026. Please see the Invitation to Bid. Deadline to submit bids: September 15, 2022.
“Deposit Insurance Premiums and Bank Risk” by Edward T. Kim and Marcelo Rezende
“Cheaper Is Not Better: On the ‘Superior’ Performance of High-Fee Mutual Funds” by Jinfei Sheng, Mikhail Simutin, and Terry Zhang
