Invitation to Bid: SFS Cavalcade
The Society for Financial Studies invites bids to host SFS Cavalcade North America 2022. Please see the Invitation to Bid for details. The deadline for bids is November 1, 2020.
Forthcoming Papers
“Coronavirus: Impact on Stock Prices and Growth Expectations” by Niels J. Gormsen and Ralph S.J. Koijen “Mutual Fund Performance and Flows During the COVID-19 Crisis” by Lubos Pastor and Matthew Blair Vorsatz
Paper Spotlight: Wages and Firm Performance: Evidence from the 2008 Financial Crisis
We are living through a pandemic-induced recession that has slashed many firms’ cash flows with a consequent negative impact on both employment and wage levels. Firms, fighting for survival, will be pressed to cut costs, and wages are an important budget line for the vast majority of firms. At the same time, workers are important assets for firms’ survival and prosperity. What are the effects of paying higher wages on… Read More »Paper Spotlight: Wages and Firm Performance: Evidence from the 2008 Financial Crisis
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