Society for Financial Studies

News

February 18, 2015: Registration is Now Open for Cavalcade 2015

You can now register online for the 2015 SFS Finance Cavalcade, which will take place May 17-20, 2015, at the Scheller College of Business at Georgia Tech. Early registration will be $100 for members and $140 for nonmembers. Beginning April 1, the registration rate will increase to $125 for members and $165 for nonmembers. The registration fee will be waived for doctoral students and Georgia Tech faculty. To register, visit the Cavalcade 2015 web site.

February 13, 2015: Forthcoming Book by Andrew Karolyi

Congratulations to RFS Executive Editor Andrew Karolyi on the publication of his book, “Cracking the Emerging Markets Enigma.” The book will be available in May. For more, visit the publisher’s web site here.

February 3, 2015: Executive Editor Blog: Wherefore Art Thou (Corporate) Peer?

The newest installment on Andrew Karolyi’s Executive Editor blog is now available. This month’s feature, “Wherefore Art Thou (Corporate) Peer?” examines “Strategic Investment and Industry Risk Dynamics” by M. Cecilia Bustamante. Visit the RFS Executive Editor Blog to read the post.

January 26, 2015: New Guide: Best Practices

We’ve made an addition to the RFS web site by adding a Best Practices page, which includes helpful guides for professional best practices. We see this guide as a living document that will be updated with new editorials, articles, and presentations whenever appropriate. For more, visit Best Practices.

January 21, 2015: Submission Deadline Approaching for Fourth Symposium on Emerging Financial Markets: China and Beyond

The submission deadline for the Fourth Symposium for Emerging Financial Markets: China and Beyond is January 31, 2015. For more information, visit the Call for Papers.

January 17, 2015: Editor’s Choice: February

The Editor’s Choice article for February 2015 (issue 28/2) is “Strategic Investment and Industry Risk Dynamics” by M. Cecilia Bustamante. You can read the article free online here.

January 7, 2015: Conference on Entrepreneurial Finance and Innovation Around the World

The Conference on Entrepreneurial Finance and Innovation Around the World will feature a dual submission option with RFS. The RFS sponsoring editor is Andrew Karolyi. The deadline for paper submission is March 1, 2015. The conference will take place June 27-28, 2015. The Call for Papers may be viewed here.

December 17, 2014: Editor’s Choice: January

The Editor’s Choice article for January 2015 (issue 28/1) is “The Sum of All FEARS Investor Sentiment and Asset Prices” by Zhi Da, Joseph Engelberg, and Pengjie Gao. You can read the article free online here.

December 16, 2014: Miami Behavioral Finance Conference Dual Submissions with RFS

If you requested dual submission with RFS for your submission to the 2014 Miami Behavioral Finance Conference, you should have received a decision email on November 11. If you have not received your decision email, please contact Jaclyn Einstein.

December 9, 2014: 17th Annual Texas Finance Festival

The 17th Annual Texas Finance Festival will feature a dual submission option with RFS. The RFS sponsoring editor is Itay Goldstein. The deadline for paper submissions is January 15, 2015. The conference will take place April 23-25, 2015. The Call for Papers may be viewed here.

Forthcoming in the RFS

Does Media Coverage of Stocks Affect Mutual Funds' Trading and Performance?

by Lily H. Fang, Joel Peress, Lu Zheng
We study the relation between mutual fund trades and mass media coverage of stocks. We find that funds exhibit persistent differences in their propensity to buy media-covered stocks. Moreover, this propensity is negatively related to their future performance. Funds in the highest propensity decile underperform funds in the lowest propensity decile by 1.1% to 2.8% per year. These results do not extend to fund sells, likely because of funds' inability to sell short. Overall, the findings suggest that professional investors are subject to limited attention.