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Editor’s Choice 34(3)

  • RFS News

The Editor’s Choice paper for 34(3) is “Tokenomics: Dynamic Adoption and Valuation” by Lin William Cong, Ye Li, and Neng Wang. You can read the paper free online.

Call for Papers: 10th MoFiR Workshop on Banking

The 10th MoFiR Workshop on Banking is now accepting submissions. Please see the Call for Papers. The workshop, which features a dual submission option with RCFS, will take place virtually June 21-22, 2021. The RCFS sponsoring editor is Andrew Ellul. The submission deadline is 6pm (GMT), Sunday March 21, 2021.

Paper Spotlight: Hard Marriage with Heavy Burdens: Organized Labor as Takeover Deterrents

Differences in their objective functions lead to possible conflicts of interests between various stakeholders of firms; e.g., between shareholders and employees. These conflicts are more likely to manifest when firms face important investment or governance decisions, specifically, at times of mergers and acquisitions. How does the power of a firm’s labor force affect its exposure and gains in takeovers? In a forthcoming RCFS paper, “Hard Marriage with Heavy Burdens: Organized… Read More »Paper Spotlight: Hard Marriage with Heavy Burdens: Organized Labor as Takeover Deterrents

Paper Spotlight: Institutional Investors and Hedge Fund Activism

The relationship between hedge fund activists and institutional shareholders in firms targeted by activists could be fraught with conflicting interests, making it a very important question to explore. In the paper “Institutional Investors and Hedge Fund Activism,” Simi Kedia, Laura Starks, and Xianjue Wang study how differences among institutional investors impact their willingness to support hedge fund activists, the impact on the campaign’s success, and potential value created from hedge… Read More »Paper Spotlight: Institutional Investors and Hedge Fund Activism