Statement of the SFS Council

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The Society of Financial Studies Council believes that we cannot remain silent about the continued acts of racism that exist in our society. We acknowledge the numerous voices of the peaceful protesters and are determined to not let this moment pass without contributing to a changed society. In particular, the future of a robust financial system lies on the path of justice and equity. We are actively investigating ways to participate.

Editorial Team Changes

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We extend our gratitude to Philip Strahan and Stijn Van Niewerburgh, who are retiring as editors of RFS. Phil has been an editor since 2014 and Stijn since 2016. Both previously served as associate editors. We thank them for their service to the journal.

We are pleased to share that Lauren Cohen has been renewed for another 3-year term as an editor.

We are also grateful to our retiring associate editors:

Henrik Cronqvist
Ran Duchin
Isil Erel
Dirk Hackbarth
Lalitha Naveen
Paolo Pasquariello

and welcome our incoming associate editors:

Tobias Berg (Frankfurt School of Finance & Management)
Anna Cieslak (Duke University)
Andra Ghent (University of North Carolina at Chapel Hill)
Arthur Korteweg (University of Southern California)
Juhani Linnainmaa (Dartmouth College)
Justin Murfin (Cornell University)
Giorgia Piacentino (Columbia University)
David Solomon (Boston College).

Stefano Giglio Joining the RFS Team

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We are pleased to announce that Stefano Giglio will be joining RFS as an editor. Stefano is a professor of finance at the Yale School of Management, an NBER Research Associate, and a CEPR Research Affiliate, and previously served as an associate editor of RFS. His first day will be July 1.

Winners of the RFS Awards

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The winners of the annual RFS Awards were announced at the virtual Awards Reception on May 26 as part of the Cavalcade. We are pleased to share the winners:

Michael J. Brennan Best Paper Award
“Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs”
David O. Lucca, Taylor Nadauld, and Karen Shen
Prize: $10,000

Michael J. Brennan Best Paper Runner Up 
“The Value of Offshore Secrets: Evidence from the Panama Papers”
James O’Donovan, Hannes F. Wagner, and Stefan Zeume
Prize: $5000

Referee of the Year sponsored by Cornerstone Research
Sabrina Howell
Prize: $1000

Distinguished Referees sponsored by Cornerstone Research
Anthony DeFusco
Ian Dew-Becker
Song Ma
Zacharias Sautner

Rising Scholar Award
“Teachers Teaching Teachers: The Role of Workplace Peer Effects on Financial Decisions”
Gonzalo Maturana and Jordan Nickerson
Prize: $5000

For the first time ever, RFS awarded the Hillcrest Best Paper Award in Behavioral Finance.

Hillcrest Best Paper Award in Behavioral Finance sponsored by Hillcrest Asset Management
“Birds of a feather: the impact of homophily on the propensity to follow financial advice”
Oscar Stolper and Andreas Walter
Prize: $5000

Congratulations to all our award winners!

Code Sharing Policy

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The Review of Financial Studies (RFS) is enacting a Code Sharing Policy for papers accepted for publication, which will be effective on July 1, 2020. The policy is available here. This policy reflects the commitment of the RFS to the highest standards of quality, as we believe that the policy will help improve the reproducibility and replicability of published research and by this will support the credibility and impact of this research. The policy does not impose much of a burden on authors. As the policy makes clear, at the moment, data sharing is encouraged but not required. We think that moving forward with a data sharing policy is more complicated and requires coordination with other leading journals. We are conducting conversations along these lines and will continue to do so under our commitment to the highest standards of quality for academic research in finance.