Texas Finance Festival Decisions
The dual submission decisions for Texas Finance Festival 2021 have been sent. If you submitted your paper as a dual submission and did not receive your decision email, please contact us.
Call for Papers and Proposals: RCFS Winter Conference 2022
2022 RCFS Winter Conference February 19-20, 2022 Margaritaville Hollywood Beach Resort, Florida RCFS Sponsoring Editors: Andrew Ellul, Isil Erel, Camelia Kuhnen, Robert Marquez Call for Papers Submission Deadline: November 19, 2021 Call for Registered Reports/Proposals on “Finance for the Greater Good” Submission Deadline: December 5, 2021
Special Issue: COVID-19 and Its Impact on Financial Markets and the Real Economy
Now available: Special Issue: COVID-19 and Its Impact on Financial Markets and the Real Economy Introduction “COVID-19 and Its Impact on Financial Markets and the Real Economy” by Itay Goldstein, Ralph S. J. Koijen, and Holger M. Mueller Editor’s Choice: “The Macroeconomics of Epidemics” by Martin S. Eichenbaum, Sergio Rebelo, and Mathias Trabandt The entire issue is free access as part of OUP’s pledge to make COVID-19 content accessible.
Forthcoming Papers
“Capital Structure Priority Effects in Durations, Stock-Bond Comovements, and Factor Pricing Models” by Jaewon Choi, Matthew Richardson, and Robert Whitelaw “Inventory-Constrained Underwriters and Corporate Bond Offerings” by Florian Nagler and Giorgio Ottonello
Paper Spotlight: Public Firm Borrowers of the U.S. Paycheck Protection Program
The Paycheck Protection Program (PPP), with over $500 billion distributed over a few months in 2020, was one of the largest stimulus programs in U.S. history. The program was created to help “small businesses” survive the COVID-19 shock. However, in a forthcoming RCFS paper, “Public Firm Borrowers of the U.S. Paycheck Protection Program,” Anna Cororaton and Samuel Rosen document that nearly half of U.S. public firms were eligible for the… Read More »Paper Spotlight: Public Firm Borrowers of the U.S. Paycheck Protection Program
Forthcoming Paper
“The Marketing Capability Premium” by Tze Chuan Ang, Tarun Chordia, Vivian Mai, and Harminder Singh
Paper Spotlight: Effect of the Equity Capital Ratio on the Relationship between Competition and Bank Risk-Taking Behavior
Risk taking by banks has been discussed extensively by researchers and policy makers for many years, even preceding the Great Recession. Literature has focused on two mechanisms that alter banks’ risk-taking behavior: higher regulatory capital ratios and higher competition due to bank deregulation. But, how does a bank’s equity capital ratio interact with banking competition in their impact on risk taking? In a forthcoming RCFS paper, “Effect of the Equity Capital… Read More »Paper Spotlight: Effect of the Equity Capital Ratio on the Relationship between Competition and Bank Risk-Taking Behavior
Paper Spotlight: Private Equity and the Resolution of Financial Distress
Leveraged buyouts by private equity funds have been a constant, and growing, phenomenon in corporate finance over the last two decades and their importance is likely to increase in the post-COVID world. Empirical literature on this subject has explored various angles, but one unanswered question is whether the high leverage used in private equity (PE) buyout transactions contributes to the disproportionately high default… Read More »Paper Spotlight: Private Equity and the Resolution of Financial Distress
Forthcoming Paper
“Corporate Transactions in Hard-to-Value Stocks” by Itzhak Ben-David, Byungwook Kim, Hala Moussawi, and Darren Roulstone
Ralph Koijen Awarded The Germán Bernácer Prize
RFS Editor Ralph Koijen is the recipient of the 20th edition of the Germán Bernácer Prize. The prize is awarded annually to “European economists no older than 40 years old who have made outstanding contributions in the fields of macroeconomics and finance.”