Society for Financial Studies


August 28, 2014: Executive Editor Blog: Finance’s Other Bosses?

Executive Editor Andrew Karolyi has begun a new series of editorials about forthcoming or recent RFS papers. His first editorial, “Finance’s Other Bosses?”, examines “The Labor Market for Bankers and Regulators” by Vincent Glode and Philip Bond. To view the post, visit the RFS Executive Editor Blog here.

August 27, 2014: Editor’s Choice: September

The Editor’s Choice article for September 2014 (issue 27/9) is “The Labor Market for Bankers and Regulators” by Philip Bond and Vincent Glode. You can read the article free online here.

August 26, 2014: RFS Editors to Deliver Keynote Speeches at Australasian Finance and Banking Conference

RFS Executive Editor Andrew Karolyi, Editor Geert Bekaert, and Associate Editor John Griffin will be keynote speakers at the 27th Australasian Finance and Banking Conference in Sydney on December 15, 2014. For more, click here.

July 8, 2014: RFS Top-Ranked Journals by Google Scholar

Google released its 2014 Scholar Metrics, which provide citation information based on the h5-index. RFS received the top ranking with an h5-index of 116, which means that out of all articles published from 2009-2013, there were 116 RFS articles that obtained at least 116 Google Scholar citations. You can view the complete list at Google Scholar Finance.

July 1, 2014: Farewell, and Bon Voyage!

Letter from Executive Editor David Hirshleifer
Having completed my term as Executive Editor of the Review of Financial Studies, I’m glancing up and taking a deep breath, but trying not to break the rhythm of the sprint until things really start winding down. Still, I want to take a moment to thank those who have served the profession so generously by contributing to the RFS. Continues here.

June 30, 2014: 5th Miami Behavioral Finance Conference

The 5th Miami Behavioral Finance Conference will feature a dual submission option with RFS. The RFS sponsoring editors are Robin Greenwood and Stefan Nagel. The paper submission deadline is August 31, 2014. The conference will take place December 14-16, 2014, and will feature Matthew Rabin (UC-Berkeley) as keynote speaker.

June 3, 2014: Converting the Archive to HTML with MathJax

The SFS Council voted to pay Oxford University Press to convert the entire archive of RFSRAPS, and RCFS articles into state-of-the-art full text HTML files including equations rendered using the Java-based “MathJax” web standard. The new file format will allow equations (and the rest of the article) to scale from 4-inch screens to 30-inch screens, which will facilitate their use on smartphones, tablets, etc.

May 30, 2014: Award Winners

The following awards were announced at the 2014 Cavalcade:

Michael J. Brennan Best Paper, sponsored by Research Affiliates
“Managers with and without Style: Evidence Using Exogenous Variation”
Charles J. Hadlock, Joshua R. Pierce, and C. Edward Fee
Prize: $20,000

Michael J. Brennan Best Paper Runner Up, sponsored by Research Affiliates
“Short Selling and the Price Discovery Process”
Juan (Julie) Wu and Ekkehart Boehmer 
Prize: $5000

RFS Rising Scholar Award, sponsored by Research Affiliates
“The Growth and Limits of Arbitrage: Evidence from Short Interest”
Samuel G. Hanson and Adi Sunderam 
Prize: $5000

RFS Referee of the Year, sponsored by Cornerstone Research
Gerard Hoberg
Prize: $1000

RFS Distinguished Referee Awards, sponsored by Cornerstone Research
Laurent Fresard
Todd Gormley
Wei Jiang
Justin Murfin
Allan Timmermann
Heather Tookes
Mark Westerfield

May 29, 2014: Upcoming Changes

The RFS announces the appointment of our new Associate Editors, who will begin their terms on July 1: Joao Cocco, Robert Dittmar, Thierry Foucault, Ron Kaniel, Ralph Koijen, Hanno Lustig, Richard Sias, and Toni Whited.

We thank the outgoing Associate Editors: Ekkehart Boehmer, Bruce Carlin, Craig Doidge, Alex Edmans, Darren Kisgen, and Philip Strahan.

May 5, 2014: Thank You to RFS Editors

We want to thank outgoing RFS Executive Editor David Hirshleifer and outgoing Editors Geert Bekaert, Alexander Ljungqvist, and Laura Starks, for their outstanding service to the Review.  We also thank Andrew Karolyi for his outstanding service as RFS Editor, as he moves from this position to take the helm as Executive Editor. We all wish them great success in their next endeavors.

  • For Papers Currently Under Review
  • Turnaround:
    Mean: 46.9 days
    Median: 44.5 days
    Total Submissions
    (since 8/29/13): 1187
    Acceptance Rate:
    (since 8/29/13): 5.46%
  • Conference Announcements

    2014 5th Miami Behavioral Finance Conference
    Deadline for paper submission: August 31, 2014

    2016 SFS Finance Cavalcade
    Bid deadline October 1, 2014

    2014 Wharton Conference on Liquidity and Financial Crises
    October 10-11, 2014

    2015 SFS Finance Cavalcade
    Paper submission period: November 10-December 8, 2014

  • Executive Editor Blog

    Visit the Executive Editor Blog to read a new series of editorials by Andrew Karolyi.
  • Color Pages

    The RFS publishes pages in color! You can include figures for free in the online publication on Oxford University's web page. If you want some or all of the figures to appear in color in the printed version as well, there is a service fee of $300 per figure to cover the journal's costs.

  • Rising Researcher Prize

    New to the profession? See if you are eligible for the RFS's Rising Researcher Prize!
  • RSS Feed

    Want to be notified by RSS about new RFS papers? Visit the RSS information on our publisher's website.

Forthcoming in the RFS

Communication and Decision-Making in Corporate Boards

by Nadya Malenko
Time constraints, managerial power, and reputational concerns can impede board communication. This paper develops a model where board decisions depend on directors' effort in communicating their information to others. I show that directors communicate more effectively when pressure for conformity is stronger—that is, when directors are more reluctant to disagree with each other. Hence, open ballot voting can be optimal, even though it induces directors to disregard their information and conform their votes to others. I also show that communication can be more efficient when directors' preferences are more diverse. The analysis has implications for executive sessions, transparency, and committees.