Category Archives: Latest News

A Theory of Costly Sequential Bidding

The lead article in Volume 22, Issue 5 of the Review of Finance is A Theory of Costly Sequential Bidding by Kent Daniel and David Hirshleifer.  This paper explains why, in many real-life auctions such as M&A, bidders may engage in “jump-bids” – bid much more than needed to stay in the auction – when it might seem more prudent to bid the minimum possible increment

How to Bid in an Auction?Read more...

Editorial Board Changes and Reappointments

The Review of Finance is delighted to announce the reappointment of Amit Goyal and Joel Peress as Editors for a second three-year term starting in 2019. We also welcome David Martinez-Miera as Associate Editor. We thank the outgoing Associate Editors Doron Avramov, David Thesmar, and Paolo Volpin for their service to the journal.… Read more...

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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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...