Latest News

Managing Editor’s Report for 2017/18

The Managing Editor’s Report for 2017/8 is available here. Some highlights include:

  • The number of R&Rs has fallen substantially from 156 in 2015/16 to 87 in 2016/17 and 38 in 2017/18, consistent with our new policy of applying top-three standards
    • As a result, our backlog has also fallen substantially, reducing the time between acceptance and in-print publication.
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The Cost of Political Connections

The lead article in Volume 22, Issue 3 of the Review of Finance is The Cost of Political Connections by Marianne Bertrand, Francis Kramarz, Antoinette Schoar, and David Thesmar. This paper shows that CEOs with a background in politics don’t shut down potentially underperforming plants, and open plants that they might not have otherwise, to boost employment in the run-up to a local election.… Read more...

Introduction of Page Limits

The RF is now introducing a 60-page limit (including appendices, bibliography, figures, and tables, but excluding internet appendices). This is for two reasons. First, an excessively long paper is likely to be less impactful. Second, refereeing an excessively long paper is demanding, and this helps ensure that the referee(s) have the capacity to review the manuscript diligently.… Read more...

New Associate Editors From 2018

The Review of Finance is delighted to announce the appointment of Jonathan Cohn, Ian Dew-Becker, Cary Frydman, Cam Harvey, Cliff Holderness, Peter Koudijs, Jacob Sagi, David Solomon, and Lucy White as Associate Editors starting from January 2018. We thank the outgoing Associate Editors Christa Bouwman, Andrea Buraschi, Joost Driessen, Lorenzo Garlappi, Reint Gropp, Bart Lambrecht, Hong Liu, Jose-Luis Peydro Alcalde, and Liuren Wu for many years of distinguished service.… Read more...

Bank Exposures and Sovereign Stress Transmission

(This post is thanks to Editor Thorsten Beck)

The lead article in Volume 21, issue 6 of the Review of Finance is “Bank Exposures and Sovereign Stress Transmission” by Carlo Altavilla, Marco Pagano and Saverio Simonelli. The link between sovereign and bank distress has been at the core of the Eurozone crisis, and several papers have addressed the causes of banks’ concentration on domestic sovereign bonds and the repercussions of this concentration for banks’ lending activity and for the real economy.… Read more...