The Review of Finance is delighted to announce the appointment of Xavier Giroud (Columbia) and Marcus Opp (Stockholm School of Economics) as Editors, to start a three-year term commencing in January 2023. Xavier and Marcus are leading experts in empirical and theoretical corporate finance.… Read more...

The Managing Editor’s Report for 2021/2 is available here. Some highlights include

• The 2-year impact factor rose to 5.059 in 2021. This compares to 3.894 in 2020, 2.885 in 2019 and 1.906 in 2018, indicating strong forward momentum.
  • Excluding self-citations, the impact factor has increased to 4.971, from 3.840 in 2020.

The Review of Finance congratulates the award winners for the Pagano/Zechner Prize for best non-investments, for the IQAM Prize for the best investments paper, and for the Best Referee Award.

Pagano/Zechner Prize

• Winner: Bo Li and Jacopo Ponticelli for Going Bankrupt in China
• Runner-up: Meghana Ayyagari, Pedro Juarros, Maria Soledad Martinez Peria and Sandeep Singh for Access to Finance and Job Growth: Firm-Level Evidence across Developing Countries (summary)
• Finalists:
  • Jeffery (Jinfan) Chang, Ting Yang and Yanping Shi for Finance Leases: In the Shadow of Banks (summary)
  • Efraim Benmelech, Nittai Bergman and Amit Seru for Financing Labor
  • B Espen Eckbo and Michael Kisser for The Leverage–Profitability Puzzle Resurrected (summary)

IQAM Prize

• Winner: Jonathan Reuter and Eric Zitzewitz
  for How Much Does Size Erode Mutual Fund Performance?

The Review of Finance is delighted to announce the appointment of Carole Comerton-Forde (Melbourne), Winston Dou (Wharton), and Michael Song (Chinese University of Hong Kong) as Associate Editors, to start a three-year term commencing in January 2022. We also announce the reappointment of David Martinez-Miera to a second term.… Read more...

To ensure the quality and reliability of papers published in the Review of Finance, we are introducing a Code Sharing Policy. It applies to all papers whose first submissions are on or after 1 January, 2022:

1. Code Sharing. Authors of accepted papers that contain empirical analysis, simulations, numerical computations, or experimental work must provide the programs needed for replication to the Review of Finance.

The Review of Finance is delighted to announce the appointment of Ian Dew-Becker (Kellogg) and Jun Pan (Shanghai Advanced Institute of Finance) as Editors, to start a three-year term commencing in January 2022. Both are leading experts in theoretical and empirical asset pricing.… Read more...

The Review of Finance congratulates the following award winners:

Pagano/Zechner Prize for best non-investments paper

• Winner: Mariassunta Giannetti, Guanmin Liao, Jiaxing You, Xiaoyun Yu for The Externalities of Corruption: Evidence from Entrepreneurial Firms in China (summary)
• Runner-up: Óscar Arce, Sergio Mayordomo, Ricardo Gimeno for Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE (summary)
• Finalists:
  • Paolo Fulghieri, Diego García, Dirk Hackbarth for Asymmetric Information and the Pecking (Dis)Order
  • Hadar Gafni, Dan Marom, Alicia Robb, Orly Sade for Gender Dynamics in Crowdfunding (Kickstarter): Evidence on Entrepreneurs, Backers, and Taste-Based Discrimination
    (summary)
  • Nishant Dass, Vikram Nanda, Haemin Dennis Park, Steven Chong Xiao for Intellectual Property Protection and Financial Markets: Patenting versus Secrecy (summary)

The IQAM Prize (known as the Spängler-IQAM Prize prior to 2021) for the best investments paper

• Winner: Ekkehart Boehmer, Charles M Jones, Juan (Julie) Wu, Xiaoyan Zhang for What Do Short Sellers Know?

The Managing Editor’s Report for 2020/1 is available here. Some highlights include:

• The 2-year impact factor rose to 3.894. This is 35% higher than 2019-20 (2.885) and 104% higher than 2018-9 (1.906)
  • Excluding self-citations, the impact factor is little changed at 3.840
  • Part of the increase is because Clarivate now includes Early Access articles.

Sustainable finance is an increasingly important topic. Within companies, sustainability is no longer an ancillary issue confined to CSR departments, but a CEO-level issue fundamental to the core business. Within the investment industry, sustainability used to be the exclusive domain of “socially responsible investors” who had social as well as financial objectives, but is now mainstream, including among investors with purely financial goals.… Read more...

Alex Edmans’ second term as RF Managing Editor ends in December 2022; several years ago the Editors voted to introduce a two-term limit on all editors to ensure that the RF has fresh ideas. We wanted to start the succession planning early to ensure a smooth transition and that the successor is on-board with any new policies or appointments to the editorial board in Alex’s final 18 months.… Read more...