Editor’s Choice 33(8)
The Editor’s Choice article for 33(8) is “Uncertainty and Economic Activity: A Multicountry Perspective” by Ambrogio Cesa-Bianchi, M. Hashem Pesaran, and Alessandro Rebucci. You can read the paper free online.
Paper Spotlight: Identifying the Real Effects of Zombie Lending
The impact of COVID-19 has driven many firms into financial distress, and policymakers around the world have responded with various emergency measures to support the business sector. While the immediate priority has been to get support out quickly to firms, over time more active decisions will have to be made on which firms should be supported. A potential danger that arises is that… Read More »Paper Spotlight: Identifying the Real Effects of Zombie Lending
Invitation for Survey Proposals
The Review of Asset Pricing Studies seeks to occasionally publish high quality surveys of topics in asset pricing. Interested authors should send a brief proposal to Executive Editor Jeffrey Pontiff. All areas of asset pricing will be considered. If other surveys on the same topic have already been published, the proposal should note the potential marginal contribution.
Forthcoming Paper
“Institutional Investors and Hedge Fund Activism” by Simi Kedia, Laura Starks, and Xianjue Wang
Forthcoming Papers
“Wages and Firm Performance: Evidence from the 2008 Financial Crisis” by Paige Parker Ouimet and Elena Simintzi “Short-termism, Managerial Talent, and Firm Value” by Richard T. Thakor “Resiliency of environmental and social stocks: an analysis of the exogenous COVID-19 market crash” by Rui Albuquerque, Yrjo Koskinen, Shuai Yang, and Chendi Zhang “Identifying the Real Effects of Zombie Lending” by Fabiano Schivardi, Enrico Sette, and Guido Tabellini
Forthcoming Papers
“How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic” by Scott Ross Baker, Robert Farrokhnia, Steffen Meyer, Michaela Pagel, and Constantine Yannelis “CDS Momentum: Slow Moving Credit Ratings and Cross-Market Spillovers” by Andy Naranjo, Jongsub Lee, and Stace Sirmans “The Unprecedented Stock Market Reaction to COVID-19” by Scott Ross Baker, Nicholas Bloom, Steven J Davis, Kyle Kost, Marco Sammon, and Tasaneeya Viratyosin
Paper Spotlight: Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis
The COVID-19 pandemic induced an unprecedented “stress test” on the financial system and the ability of banks to supply liquidity to the real economy. A new paper by Lei Li, Phil Strahan, and Song Zhang entitled “Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis” starts with the following important observation: In the last three weeks of March 2020, banks… Read More »Paper Spotlight: Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis
Impact Factor
We are pleased to share that the RFS impact factor for 2019 is 4.649 and the 5-year Impact Factor is 7.100 (Clarivate, 2020). These results are among the highest in RFS history and among the top ones in the field. OUP has granted temporary free access to some of RFS’s most cited papers.
SFS President and Vice President
On July 1, Antoinette Schoar became the SFS President and Wei Jiang became the SFS Vice President. Antoinette Schoar is the Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship at the MIT Sloan School of Management. She also served in chairing roles for SFS Cavalcade North America from 2017-2019. Wei Jiang is the Arthur F. Burns Professor of Free and Competitive Enterprise at Columbia Business School. She was an… Read More »SFS President and Vice President
Council Changes
Josef Zechner completed his term as Vice President on June 30. Before serving as Vice President, Josef was on the Council. Tarun Ramadorai completed his term on the Council on June 30. He has taken on an editor role at RFS, and previously served as an associate editor at RFS. We are grateful to Josef and Tarun for their service. Craig Holden has been renewed as Secretary/Treasurer. He… Read More »Council Changes