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Forthcoming Paper

“Credit supply shocks: financing real growth or takeovers?” by Tobias Berg, Daniel Streitz, and Michael Wedow

Forthcoming Paper

“Capital Structure and the Yield Curve” by Diogo Duarte, Ozde Oztekin, and Yuri F. Saporito

Invitation to Bid: SFS Cavalcade

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

Paper Spotlight: Sharing R&D Risk in Healthcare via FDA Hedges

                          Recent estimates suggest that the cost of developing a single new drug in the biopharmaceutical sector is $2.6 billion, confirming the very large amounts of money that medical companies invest to develop a new treatment. Biomedical companies also face the risk of very low rates of success, not only due to the inherent scientific risk of developing… Read More »Paper Spotlight: Sharing R&D Risk in Healthcare via FDA Hedges

Forthcoming Paper

“Board Reforms, Stock Liquidity, and Stock Market Development” by Buhui Qiu and Thomas To