The Review of Financial Studies

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).

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!

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.

The Review of Financial Studies is now featured on Academic Audios, which produces narrated audios of research papers, including the abstract, introduction, and conclusion. As described on their website, this allows “you to learn the motivation for the paper, its background, the issue or question being addressed, and the results,” all in an audio format.

The Editor’s Choice article for 33(6) is “Monetary Transmission through Shadow Banks” by Kairong Xiao. You can read the paper free online.

RFS Editor Ralph Koijen’s research is featured in a Forbes piece titled, “Researchers Examine The Market’s COVID-19 Swings, Here’s What They Found.”

On Monday, May 11 at 12:30 PM EST, Jeremy Stein will join a webinar, co-hosted by the Princeton Bendheim Center for Finance and the Society for Financial Studies, on the COVID-19 credit programs recently implemented by the Federal Reserve and the U.S. Treasury. Stein is a Professor of Economics at Harvard University and a former Governor of the Federal Reserve.

The event will begin with a brief discussion by Markus Brunnermeier, Director of the Princeton Bendheim Center for Finance. Stein will then present. Both Brunnermeier and Stein will take questions from the audience throughout the event.

Preregistration is required.