“Shareholder Bargaining Power, Debt Overhang, and Investment” by Emmanuel Alanis, Sudheer Chava, and Praveen Kumar
“Investment-Banking Relationships: 1933-2007” by Alan Morrison, Carola Schenone, Aaron Thegeya, and William Wilhelm
Because he will soon be completing his second term as Executive Editor of The Review of Corporate Finance Studies, we reluctantly say good-bye to Paolo Fulghieri. Paolo has contributed much to the Society of Financial Studies. He served The Review of Financial Studies as Associate Editor (2001-2003) and Editor (2006-2010), after which he was recruited to be the founding Executive Editor of the Review of Corporate Finance Studies, with the first issue coming out in September 2012. Paolo brought a strong vision to the development of the journal, spending many hours in soliciting top quality papers to be submitted to the journal and in his suggestions for improving these submissions during the editorial process. Throughout this time, Paolo has kept his focus on publishing only the highest quality manuscripts. The number of papers in each issue has been kept relatively small in order to only publish the papers that make the strongest contributions to the corporate finance literature. Paolo has developed new ideas during his leadership of RCFS, including founding a new annual conference bringing together a select group of top-quality researchers to present and discuss cutting-edge papers in corporate finance. We thank Paolo for his dedication and contributions to furthering knowledge in finance.
“Does Contract Enforcement Mitigate Hold Up?” by J. Anthony Cookson
The winners of the RCFS Awards were announced at the Awards Reception at SFS Cavalcade North America on May 23. We are pleased to share the winners:
Best Paper Award
“Have Instrumental Variables Brought Us Closer to the Truth”
Referee of the Year
Congratulations to all our award winners!
For past award history, please visit our Awards page.
“Within-Bank Spillovers of Real Estate Shocks” by Vicente Cunat, Dragana Cvijanovic, and Kathy Yuan
The program for SFS Cavalcade North America 2018 is now available on the conference web site.
You may register for SFS Cavalcade North America 2018 on the conference web site. The conference will take place May 21-24, at Yale University in New Haven, Connecticut. Early registration will be $100 for members and $140 for nonmembers. Beginning April 8, the registration rate will increase to $125 for members and $165 for nonmembers. The registration fee is waived for doctoral students (from any university) and Yale University faculty members.
The Editor’s Choice paper for March 2018 (issue 7/1) is “Identification is not Causality, and Vice Versa” by R. Kahn and Toni M. Whited. You can read the article free online here.
Editor Gregor Matvos’s paper, “The Market for Financial Adviser Misconduct,” is featured on Forbes.com in a post by Harvard Business School Working Knowledge. The paper is co-authored with Mark Egan and former RCFS Editor Amit Seru. You can view the post online here.