We are pleased to announce that the Review of Corporate Finance Studies has made the decision to begin publishing four issues per year, starting in 2021. RCFS has experienced a sustained influx of high quality submissions, allowing an increase in our annual number of published papers.
“Zero-Coupon Yields and the Cross-Section of Bond Prices” by Nathaniel Aaron Pancost
“Dividends versus Stock Repurchases and Long-Run Stock Returns under Heterogeneous Beliefs” by Onur Bayar, Thomas J. Chemmanur, and Mark H. Liu
Due to COVID-19, SFS Cavalcade North America 2021 will be held virtually. The McCombs School of Business at the University of Texas at Austin, which won the bid to host 2021, will instead host SFS Cavalcade North America 2022.
Investors increasingly rely on proxy advisors such as ISS in deciding how to vote in corporate elections. In the paper “Information Bias in the Proxy Advisory Market,” Shichao Ma and Yan Xiong construct a theoretical model to examine the biases that can arise when the proxy advisor is a profit-maximizer. An intuitive finding is that a conflicted proxy advisor provides biased recommendations. More interestingly, if shareholders have either distorted preferences… Read More »Paper Spotlight: Information Bias in the Proxy Advisory Market
RFS Editor Manju Puri will be giving the keynote speech at the Financial Intermediation Network of European Studies 2020 Autumn Workshop, which will be held November 30-December 1. For details, see the FINEST web site.
“Crisis Poison Pills” by Ofer Eldar and Michael D. Wittry
RCFS has published a special issue on The COVID-19 Pandemic Crisis and Corporate Finance. This issue, 9(3) November 2020, which features 8 papers, is the first to be published by a finance journal on COVID and corporate finance. It presents important early research on the economic impact of the pandemic. The entire issue is free to read online.
Oxford University Press presents the Political Economy Collection, featuring “Preventing Controversial Catastrophes” by Steven D. Baker, Burton Hollifield, and Emilio Osambela. This paper was an Editor’s Choice in the February 2020 issue of RAPS 10(1). The collection is free to read through the end of January 2021 on Oxford University Press’s web site.
Oxford University Press presents the Political Economy Collection, featuring two RFS papers: Political Influence and the Renegotiation of Government Contracts by Jonathan Brogaard, Matthew Denes, and Ran Duchin Government as Customer of Last Resort: The Stabilizing Effects of Government Purchases on Firms by Jim Goldman The featured papers are free to read through the end of January 2021 on Oxford University Press’s web site.
