Forthcoming Paper
“What Do Index Options Teach Us About Covid-19?” by Jens Carsten Jackwerth
Forthcoming Paper
“Competition for Flow and Short-Termism in Activism” by Mike Burkart and Amil Dasgupta
RFS Editors in the News
Ralph Koijen’s research is featured in “The anatomy of a very brief bear market” in Financial Times. Lauren Cohen’s research is featured in “When Companies Favor Bullish Analysts on Calls, Bad News Often Follows” in The Wall Street Journal.
Call for Papers: NBER Big Data and Securities Markets Virtual Conference
The Call for Papers for the NBER Big Data and Securities Markets Virtual Conference is now available. The conference, which features a dual submission option with RFS, will take place online December 3-4, 2020. The RFS sponsoring editor is Itay Goldstein. The submission deadline is September 27, 2020.
Paper Spotlight: Resiliency of Environmental and Social Stocks: An Analysis of the Exogenous COVID-19 Market Crash
The COVID-19 pandemic, with its heavy toll on human lives, unemployment, and financial distress, should be considered as an important acid test for firms’ professed investments in their responsibility toward society. It is during such times that we can better understand how to interpret the Environmental, Social, and Governance (ESG) scores, standard proxies for firms’ corporate social responsibility, and what is really driving… Read More »Paper Spotlight: Resiliency of Environmental and Social Stocks: An Analysis of the Exogenous COVID-19 Market Crash
Advisory Editor
We are pleased to welcome Xin Fan to the advisory editor team. Our advisory editors perform important tasks for new submissions, including the crucial task of recommending reviewers. Xin begins her role on August 16, 2020. We are thankful to Scott Guernsey, who will complete his role as an advisory editor on August 16. We wish him the best of luck in his new role at the University of Tennessee’s… Read More »Advisory Editor
Forthcoming Paper
“Volatility markets underreacted to the early stages of the COVID-19 pandemic” by Ing-Haw Cheng
Free Access to Papers about COVID-19
Our publisher, Oxford University Press, has pledged to make content related to COVID-19 freely accessible online. The Review of Asset Pricing Studies and The Review of Corporate Finance Studies have forthcoming special issues on COVID-19. These papers will be freely accessible online as part of OUP’s collection. You can read these papers as they become available on advance access (RAPS) and advance access (RCFS).
Paper Spotlight: Managerial Attributes, Incentives, and Performance
The determinants of executive compensation packages are fraught with empirical difficulties due to unobserved firm-level, CEO-level, and assortative matching characteristics. In the paper “Managerial Attributes, Incentives, and Performance,” just published in the August 2020 issue (Volume 9, Issue 2), Jeff Coles and Frank Li examine the relative importance of observable and unobservable firm- and manager-specific characteristics in determining two fundamental attributes of executive incentives, delta and vega. They find that… Read More »Paper Spotlight: Managerial Attributes, Incentives, and Performance
Responses to Economic Shocks Collection
Oxford University Press presents the Responses to Economic Shocks Collection, featuring papers from RAPS, RCFS, and RFS. The following papers are included: RAPS -Preventing Controversial Catastrophes by Steven D. Baker, Burton Hollifield, and Emilio Osambela -Economic Uncertainty and Interest Rates by Samuel M. Hartzmark RCFS -How Do Laws and Institutions Affect Recovery Rates for Collateral? by Hans Degryse, Vasso Ioannidou, José María Liberti, and Jason Sturgess -The Financial Crisis of… Read More »Responses to Economic Shocks Collection