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...

We have made some changes to our Privacy Policy. These changes further clarify your rights with regards to the personal data we hold, and explain more fully our lawful basis for processing personal data. This update does not signify any change in the way we store or process personal data.… Read more...

Harvey and Hirshleifer (2020) highlight how current norms are for journals to often follow the “Union Heuristic” – require authors to follow all referee suggestions and all referees to sign off for a paper to be published. They argue that this heuristic may lead to (a) innovative research not being published; (b) excessive paper length; (c) wasted author effort on analyses that add little value; and (d) burdens on referees, as papers are rejected at late rounds and then have to start the process again with new referees.… Read more...

The Review of Finance is delighted to announce the appointment of Brian Melzer, Jacopo Ponticelli, and Rick Townsend as Associate Editors, to start a three-year term commencing in January 2021. We thank Peter Koudijs, Jacob Sagi, and Lucy White, whose terms come to an end in December, for their service.… Read more...