Forthcoming Paper
“Learning from Noise? Price and Liquidity Spillovers around Mutual Fund Fire Sales” by Pekka Honkanen and Daniel Schmidt
Paper Spotlight: Competition for Flow and Short-Termism in Activism
It is not just managers that can have a short-term orientation—the forthcoming theoretical paper “Competition for Flow and Short-Termism in Activism,” by Mike Burkart and Amil Dasgupta, shows that activist funds too can focus on the short term. In the model, activists add value by preventing wastage by the manager. To signal their type to their own investors, they take a short-term action such as boosting leverage to make a… Read More »Paper Spotlight: Competition for Flow and Short-Termism in Activism
University of Oklahoma Energy and Climate Finance Research Conference
The Call for Papers for the 2022 (Fourth) University of Oklahoma Energy and Climate Finance Research Conference is now available. The conference, which features a dual submission option with RFS, will take place April 22-23, 2022. The RFS sponsoring editor is Stefano Giglio. The submission deadline is November 30, 2021. For more details, please see the conference website.
Tarun Ramadorai in Financial Times
RFS Editor Tarun Ramadorai has published an op-ed in the Financial Times on using technology to reform household finance and help reduce wealth inequality in the aftermath of the pandemic. Check it out here!
Editor’s Choice 34(9)
The Editor’s Choice paper for 34(9) is “The Economics of the Fed Put” by Anna Cieslak and Annette Vissing-Jorgensen. You can read the paper free online.
Editor’s Choice
The Editor’s Choice paper for issue 11(2) is “Disagreement after News: Gradual Information Diffusion or Differences of Opinion?” by Anastassia Fedyk. Editor’s Choice papers are free to read on our publisher’s web site.
Paper Spotlight: Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections
Recent survey evidence shows that the list of institutional investors paying close attention to environmental issues, with a consequent impact on their investment decisions, is increasing. A central factor that ought to be considered is the role of government regulation, especially the uncertainty surrounding it, and subsequent response of firms to those regulations against the background of a worsening environmental scenario. This is… Read More »Paper Spotlight: Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections
Forthcoming Paper
“Working Remotely and the Supply-Side Impact of COVID-19” by Dimitris Papanikolaou and Lawrence David Warren Schmidt
17th Financial Research Association Conference
The Call for Papers for the 17th Annual Meeting of the Financial Research Association is now available. The conference will feature a dual submission option with RAPS and RCFS. It will take place in person, December 11-12, 2021, in Las Vegas. The submission deadline is August 31, 2021. Please see the Call for Papers for more details.
Forthcoming Paper
“Private Equity and the Resolution of Financial Distress” by Edith Hotchkiss, David Carl Smith, and Per Stromberg