Society for Financial Studies

News

September 22, 2014: Sign Up for RFS Alerts

Did you know you can sign up to receive email notifications every time an issue ofRFS publishes online or an RFS article publishes on Advance Access? It’s easy! Create a free account at our publisher’s web site and select the items you’d like to be notified about.

September 19, 2014: 2015 OU Energy Finance Research Conference

The 2015 OU Energy Finance Research Conference will feature a dual submission option with RFS. The RFS sponsoring editor is Philip Strahan. The paper submission period will be January 1-March 16, 2015. The conference will take place September 10-11, 2015.

September 17, 2014: Bid Deadline for 2016 Cavalcade Approaching

The bid deadline for the 2016 Cavalcade is approaching. For details on how to bid, please visit 2016 Cavalcade. Bids should be received by October 1, 2014.

September 16, 2014: Editor’s Choice: October

The Editor’s Choice article for October 2014 (issue 27/10) is “Tail Risk and Asset Prices” by Bryan Kelly and Hao Jiang. You can read the article free online here.

September 15, 2014: Do You Want to Receive the SFS Newsletter?

Are you interested in receiving the Society for Financial Studies newsletter, with news about The Review of Financial Studies, The Review of Asset Pricing Studies,  The Review of Corporate Finance Studies, and the SFS Finance Cavalcade conference? If so, find out how to become a member of the SFS at Membership.

September 9, 2014: Geert Bekaert in Forbes

RFS Editor Geert Bekaert was interviewed for a recent article in Forbes: ”What Your Investment Portfolio Is Likely Lacking” by Richard Eisenberg.

September 8, 2014: Keep in Touch with RFS on Twitter

Our publisher tweets news from RFS and the Society for Financial Studies. To see more, follow @OxfordJournals and @OUPEconomics on Twitter.

September 5, 2014: Have You Seen Our New Blog?

If you haven’t read the latest Executive Editor blog post yet, there’s still time. View the post, “Finance’s Other Bosses,” at RFS Executive Editor Blog.

September 4, 2014: Cavalcade Bid Deadline for Approaching

The bid deadline for the 2016 Cavalcade is October 1, 2014. For details on how to bid, please visit 2016 Cavalcade.

September 2, 2014: RFS papers featured in Virtual Issue: The Eurozone Crisis

Have you seen the Oxford University Press virtual issue on the Eurozone Crisis, featuring papers published in RFS? The issue is free to read online at The Eurozone Crisis, and includes the following RFS papers:

“Fiscal Policy and Asset Prices with Incomplete Markets”
by Francisco Gomes, Alexander Michaelides, and Valery Polkovnichenko

“Frictions in Shadow Banking: Evidence from the Lending Behavior of Money Market Mutual Funds”
by Sergey Chernenko and Adi Sunderam

“Effects of Central Bank Intervention on the Interbank Market During the Subprime Crisis”
by Celso Brunetti, Mario di Filippo, and Jeffrey H. Harris

Forthcoming in the RFS

The Implicit Costs of Trade Credit Borrowing by Large Firms

by Justin Murfin, Ken Njoroge
We examine a novel, but economically important, characterization of trade credit relationships in which large investment-grade buyers borrow from their smaller suppliers. Using a matched sample of large retail buyers and their much smaller suppliers, we find that slower payment terms by large retailers are associated with lower investment at the supplier level. The effects are sharpest during periods of tight bank credit and for firms which we might otherwise characterize as financially constrained. The opportunity cost of extending credit to large buyers appears to be positive and sharply increasing in the financial frictions facing a firm.