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Forthcoming Paper

“Effect of the Equity Capital Ratio on the Relationship between Competition and Bank Risk-taking Behavior” by Kuncheng Zheng and Jia Hao

Forthcoming Paper

“Active and Passive Investing” by Nicolae Gârleanu and Lasse Heje Pedersen

Editor’s Choice 34(5)

The Editor’s Choice paper for 34(5) is “The Rise of Shadow Banking: Evidence from Capital Regulation” by Rustom M. Irani, Rajkamal Iyer, Ralf R. Meisenzahl, and José-Luis Peydró. You can read the paper free online.

Panel Honoring Craig W. Holden

A panel honoring Craig W. Holden will be held at SFS Cavalcade 2021 on May 25 at 1:15pm. The panel speakers are Stacey Jacobsen (SMU), Avanidhar (Subra) Subrahmanyam (UCLA), and Charles Trzcinka (Indiana University).

Announcing the Next Executive Editor of RAPS

We are very pleased to announce that Zhiguo He has agreed to serve as the next Executive Editor of RAPS. He will serve as a RAPS editor starting on July 1, 2021, and will begin as the executive editor on  January 1, 2022. Zhiguo is the Fuji Bank and Heller Professor of Finance at the University of Chicago Booth School of Business. Previously Zhiguo was an Associate Editor of the… Read More »Announcing the Next Executive Editor of RAPS

Paper Spotlight: Competition for Flow and Short-Termism in Activism

It is not just managers that can have a short-term orientation—the forthcoming theoretical paper “Competition for Flow and Short-Termism in Activism,” by Mike Burkart and Amil Dasgupta, shows that activist funds too can focus on the short term. In the model, activists add value by preventing wastage by the manager. To signal their type to their own investors, they take a short-term action such as boosting leverage to make a… Read More »Paper Spotlight: Competition for Flow and Short-Termism in Activism

In Memoriam: Craig Holden

We are deeply saddened by the passing of our colleague and friend, Craig Holden. Craig was the Gregg T. and Judith A. Summerville Chair of Finance at the Kelley School of Business at Indiana University and the current Department Chair. He was a prolific scholar and advisor to many students. In his role as SFS Secretary/Treasurer, which he began in 2012, Craig was a tremendous contributor to the SFS and… Read More »In Memoriam: Craig Holden

Prior Review Process

RCFS has a submission option for papers that were previously reviewed by other journals. The goal of such review process is to help the editors arrive at a quick and informed decision on a paper based on feedback received by the authors from previous submissions. A paper is eligible for this optional review process if it was previously submitted to a few select journals; please see Prior Review Policy for… Read More »Prior Review Process

Forthcoming Paper

“Global Risk in Long-Term Sovereign Debt” by Nicola Borri and Kirill Shakhnov