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...

The RF is changing its email address to editorialoffice@revfin.org. This change is taking place with immediate effect, so please add us to your email address book to ensure you receive any communications from us.

The Review of Finance is delighted to announce the appointment of Daniel Paravisini and Chris Parsons as Editors, to start a three-year term commencing in January 2021. We thank Amiyatosh Purnanandam and Kelly Shue, whose terms come to an end in December, for their outstanding service to the RF, both in handling individual papers and contributing to overall journal strategy.… Read more...

The Managing Editor’s Report for 2019/20 is available here. Some highlights include:

• The impact factor rose by 48% to 2.885. This rise is partly due to the number of zero-cited articles falling by 35%, and partly due to the publication of some high impact papers.

The Review of Finance congratulates the following award winners:

Pagano/Zechner award for the best non-investments paper

• Winner: Gustavo Grullon, Yelena Larkin, Roni Michaely for Are US Industries Becoming More Concentrated? (summary)
• Runner-up: Tobias Berg, Manju Puri, Jörg Rocholl for Loan Officer Incentives, Internal Rating Models, and Default Rates (summary)
• Finalists:
  • Nickolay Gantchev, Oleg R Gredil, Chotibhak Jotikasthira for Governance under the Gun: Spillover Effects of Hedge Fund Activism (summary)
  • Taehyun Kim, Quoc H Nguyen for The Effect of Public Spending on Private Investment
  • Tomislav Ladika, Zacharias Sautner for Managerial Short-Termism and Investment: Evidence from Accelerated Option Vesting (summary)
  • Christopher Naubert, Linda L Tesar for The Value of Systemic Unimportance: The Case of MetLife

Spängler IQAM award for the best investments paper

• Winner: Francesca Brusa, Pavel Savor, Mungo Wilson for One Central Bank to Rule them All (summary)
• Runner-up: Florian Nagler for Yield Spreads and the Corporate Bond Rollover Channel (summary)
• Finalists:
  • Tarvo Vaarmets, Kristjan Liivamägi, Tõnn Talpsepp for How Does Learning and Education Help to Overcome the Disposition Effect?