Forthcoming Papers

This is the editor's page (ivo welch), not the journal's page (managed by Alet Heezemans). The journal editor and typesetter pull the final author version from this webpage, then collaboratively edit the author for English, and finally typeset the CFR version of the article. Any changes in the publisher's process are not reflected back here. Ergo, papers on the NOW Publisher's Site always supersede the ones posted here.

If you have an accepted paper and it is not on this website or on NOW publisher's website, please send an email to ivo welch.

Future Issues

The following volume/issue ordering is tentative. The within-issue ordering has not been determined. We try to bundle papers with similar topics in order to increase casual reader interest, so this can change the ordering of acceptance time and publication time across papers. You can cite the papers below as CFR, forthcoming, for now.

Corporate Financy

Schneider, Christoph, and Oliver Spalt. Bidder and Target Size Effects in M&A Are Not Driven by Overconfidence or Agency Problems. Jan 2022.
Anne-Marie Anderson and Benjamin Jansen, Law of One Price Violation in Parent-Subsidiary Relations. May 2022
Nader Atawnah, Ghasan A Baghdadi, Huu Nhan Duong, Edward J. Podolski. The Bright Side of Foreign Competition: Import Penetration and Default Risk. Dec 2022.
Barth, James R., Mark Mitchell, and Yanfei Sun. Runs to Banks: The Role of Sweep Banking Deposits During Market Downturns. Jan 10, 2023.

Asset Pricy: (Mutual) Funds

Heber Farnsworth, 2021, Mutual Fund Flows and Performance in Rational Markets (Revisited). Great paper.
Calluzzo, Paul, and Fabio Moneta and Selim Topaloglu, 2021. Complex Instruments Have Increased Risk and Reduced Performance at Mutual Funds.
Loughran, Tim: Do Factors Matter?. Dec 13, 2022.
Hasler, Mathias, Is the Value Premium Smaller Than We Thought?. Jan 12, 2023.
- Fama-French Response, Comment on Hasler (2022).
Grinblatt, Mark, Gergana Jostova, and Alexander Philipov. Analyst Bias and Anomalies, Oct 2023.
Hendrik Bessembinder and Michael J. Cooper and Feng Zhang. The (Large) Effect of Return Horizon on Fund Alpha, Oct 2023.
Honkanen, Pekka and Yapei Zhang and Tong Zhou. ETF Dividend Cycles Predict Money Market Fund Flows and Treasury Yield Changes, Dec 8, 2023.
Smith, Geoffrey Peter. The Big League Effect. April 2024.
Nicolas P.B. Bollen, Juha Joenväärä, and Mikko Kauppila. Decreasing Returns to Scale has Eroded Hedge Fund Performance Persistence, May 15, 2024.
Brown, David C. and Scott Cederburg and Mitch Towner. Dominated ETFs, Aug 8, 2024.

Asset Pricy: Other

Bliss, Barbara A and Mitch Warachka and Marc Weidenmier, How the Stock Ticker Decreased Price Efficiency in the Early 20th Century. appendix.
Peixin Li and Baolian Wang, The Ungeheuer and Weber (2021) Comove and Stock Returns Effect Disappears with Control for Idiosyncratic Volatility. Jul 2022.
- Ungeheuer-Weber Response, So what do we learn from Li and Wang (2022)?.
Kroencke, Tim A, Robust Inference for Consumption-based Asset Pricing with Power. Oct 2022.

Kleibergen-Zhao Response: A Powerful Test Needs to Be Size-Correct: Response to "Robust Inference for Consumption-based Asset Pricing with Power.", November 2022.

Bork, Lasse, Pablo Robira Kaltwasser, Piet Sercu, and Tom Vinaimont. "Exchange Rates do not Predict Commodity Prices.", Sep 2023.
Goldberg, Michael D. and Olesia Kozlova and Deniz Ozabacia and Peter Sullivan. The Instability of the Bilson-Fama Forward Rate Anomaly, Oct 2023.
Chung, Ling Tak Douglas. Simply Better Market Betas around the Globa. Mar 12, 2024.
Xu, Xia. Improving Volatility-Managed Portfolios in Real Time. Mar 30, 2024.

Fit Not Yet Determined

Zantout, Zaher, Kimberly Gleason, and Anand Systla, The Diminishing Scientific Impact of New Research in Finance. Feb 2022.
Ahn, Byung Hyun, Panos N. Patatoukas, and Steven Davidoff Solomon, Universal Demand Laws Did Not Increase Management Entrenchment. Feb 26, 2023. (Supplement)
Cherkes, Martin, and Charles M. Jones and Chester S. Spatt, A Solution to the Palm–3Com Spinoff Puzzles. June 9, 2024.
Reza, Syed Walid and Alan Douglas, Moral Hazard Models Do Explain the Use of Personal Guarantees. Dec 5, 2024

We try to bunch papers into volumes based on similarity. Thus, it may happen that some papers are published early, while other papers are published late. The idea is that papers have externalities on one another, making them more likely to be of interest when grouped together with other more similar papers.

Whenever possible, the CFR requests that authors choose titles that make the key point of their paper clear even without reading the abstract.