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Decisions for SFS Cavalcade North America 2021

The decisions for SFS Cavalcade North America 2021 have been sent. If you did not receive your decision, please contact us. We received 1566 submissions. The final program was highly selective, with an 8.6% acceptance rate. If you selected dual submission with RAPS or RCFS, you will receive a separate decision email from the journal in the next few weeks.

Postponed: SFS Cavalcade Asia-Pacific

SFS Cavalcade Asia-Pacific will be postponed to 2022 due to COVID-19. We thank the hosts, Chinese University of Hong Kong, Shenzhen, and Shenzhen Finance Institute, for their flexibility.

Program for ECB-RFS Macro-Finance Conference

The program for the ECB-RFS Macro-Finance Conference is now available. The conference, which featured a dual submission option with RFS, will take place March 22-23. The RFS sponsoring editors are Itay Goldstein and Ralph Koijen. You may register for the conference here.

Paper Spotlight: Information Bias in the Proxy Advisory Market

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

Review Article: Perspectives on the Future of Asset Pricing

In collaboration with our publisher, Oxford University Press, we have made our new Review Article free to read online. Read the introduction by Executive Editor Itay Goldstein and the Review Article, “Perspectives on the Future of Asset Pricing,” by Markus Brunnermeier, Emmanuel Farhi, Ralph S. J. Koijen, Arvind Krishnamurthy, Sydney C. Ludvigson, Hanno Lustig, Stefan Nagel, and Monika Piazzesi.

Annual Meeting

The SFS Cavalcade North America 2021 conference will take place virtually due to the COVID-19 pandemic. The SFS Annual Meeting will take place as part of the virtual conference.

RCFS Keynote Speaker

RCFS is pleased to announce that Amir Sufi (The University of Chicago Booth School of Business) will be the RCFS Keynote Speaker at Cavalcade North America 2021. The keynote will take Tuesday, May 25, 2021, from 3:45-4:30pm.

Forthcoming Paper

“What Information Drives Asset Prices” by Anisha Ghosh and George  M. Constantinides

Paper Spotlight: How are Bankers Paid?

            There is widespread recognition among policymakers and regulators that bank behavior, especially risk-taking, is influenced by the type of compensation paid to bank executives. Academic literature, however, is still grappling with this question, and it is not unfair to say that there is a dearth of evidence even about basic facts about how executive compensation has changed after the 2008 financial crisis as new… Read More »Paper Spotlight: How are Bankers Paid?