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In Memoriam: Craig Holden

We are deeply saddened by the passing of our colleague and friend, Craig Holden. Craig was the Gregg T. and Judith A. Summerville Chair of Finance at the Kelley School of Business at Indiana University and the current Department Chair. He was a prolific scholar and advisor to many students. In his role as SFS Secretary/Treasurer, which he began in 2012, Craig was a tremendous contributor to the SFS and… Read More »In Memoriam: Craig Holden

Prior Review Process

RCFS has a submission option for papers that were previously reviewed by other journals. The goal of such review process is to help the editors arrive at a quick and informed decision on a paper based on feedback received by the authors from previous submissions. A paper is eligible for this optional review process if it was previously submitted to a few select journals; please see Prior Review Policy for… Read More »Prior Review Process

Forthcoming Paper

“Global Risk in Long-Term Sovereign Debt” by Nicola Borri and Kirill Shakhnov

Paper Spotlight: Stock Market Information and Innovative Investment in the Supply Chain

              There is a growing literature on the stock price of a firm influencing the actions of the firm’s managers. To what extent do managers at other firms rely on the information in the stock price of a given firm? The forthcoming paper “Stock Market Information and Innovative Investment in the Supply Chain,” by Lantian Liang, Ryan Williams, and Steven Chong Xiao, addresses this… Read More »Paper Spotlight: Stock Market Information and Innovative Investment in the Supply Chain

Forthcoming Paper

“Fundamental Arbitrage under the Microscope: Evidence from Detailed Hedge Fund Transaction Data” by Bastian von Beschwitz, Sandro Lunghi, and Daniel Schmidt

RCFS Issue 10(1)

RCFS’s March issue, 10(1), has published online. The Editor’s Choice paper is “Institutional Investors and Hedge Fund Activism” by Simi Kedia, Laura T. Starks, and Xianjue Wang. This issue also features two papers related to the COVID-19 pandemic: “Efficient Programs to Support Businesses During and After Lockdowns ” by Thomas Philippon and “Crisis Poison Pills” by Ofer Eldar and Michael D. Wittry.

Paper Spotlight: Crisis Poison Pills

The stock market stress caused by the onset of the COVID-19 outbreak generated an ideal situation for cash-rich activists to buy strategic equity positions in target firms. Distinguishing low stock valuations due to bad management decisions, potentially necessitating an activist campaign, from the systematic blow due to the pandemic’s economic impact, may have been too difficult under the circumstances we observed in the early months. Some of these activist campaigns… Read More »Paper Spotlight: Crisis Poison Pills

Editor’s Choice 34(4)

The Editor’s Choice paper for 34(4) is “How Do Consumers Fare When Dealing with Debt Collectors? Evidence from Out-of-Court Settlements” by Ing-Haw Cheng, Felipe Severino, and Richard R. Townsend. You can read the paper free online.

Forthcoming Paper

“Skilled Labor Risk and Corporate Policies” by Yue Qiu and Tracy Yue Wang