Managing Editor
Marcin Kacperczyk
Imperial College London
About the journal
The Review of Finance, the official journal of the European Finance Association, aims at a wide circulation and visibility in the finance profession.
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Why submit to the Review of Finance?
Find out why you should submit your work to this leading finance journal.
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Best Paper Prizes
There are two prizes awarded for papers published in Review of Finance: the Spängler IQAM Prize and the Pagano and Zechner Prize. Access all the prize winning papers, here.
Highly Cited Articles
Explore a collection of highly cited articles making an impact in the Review of Finance.
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Managing Editor’s Blog
Browse the Managing Editor’s Blog from Alex Edmans as he provides commentary and analysis on key topics explored in the Review of Finance lead articles.
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Turnaround Statistics
Between July 2022 and June 2023, the acceptance rate was 5.4%, with a median turnaround time to first decision of 35 days. 68.2% of papers were conditionally accepted after 1 round of revisions. Find out more about submitting your research to Review of Finance with our instructions for authors.
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Subject Category Search
Use the new subject category menu search on the Review of Finance homepage under the ‘Search’ tab to browse articles by category.
Digests
Do Anomalies Really Predict Market Returns? New Data and New Evidence
Recent research has explored the predictability of stock returns from two angles: cross-sectional characteristics and time-series dynamics. However, this paper by Nusret Cakici, Christian Fieberg, Daniel Metko, Adam Zaremba, using new data from U.S. and international markets reveals that equity anomalies alone cannot reliably predict aggregate market returns.
Do Insiders Hire CEOs with High Managerial Talent?
Jason D Kotter and Yelena Larkin show that inside directors can benefit the firm by increasing the probability of hiring talented managers. However, inside directors also impose agency costs on firms’ shareholders, which suggests that the optimal board composition is neither fully independent nor fully insider.
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks
Matthieu Chavaz and Pablo Slutzky examine how banks respond to surges in attention by retail depositors. In their paper, their results point to a previously undocumented source of bank fragility: banks raise deposit rates and erode their profitability in response to spikes in public attention, even when this attention is not driven by changes in fundamental factors and despite the presence of deposit insurance.
Regulatory Sandboxes and Fintech Funding: Evidence from the UK
Giulio Cornelli, Sebastian Doerr, Leonardo Gambacorta, and Ouarda Merrouche explore the effectiveness of the “regulatory sandbox” by the United Kingdom’s Financial Conduct Authority (FCA). Their paper provides the first systematic evidence that sandboxes help fintechs to raise capital and innovate.
Distinguished Referee Awards
Distinguished Referee Awards
The Distinguished Referee Awards are given to outstanding referees for their service over the past year, voted by the Editors of the journal. The winners for 2023 are Caroline Flammer, Dimitriy Muravyev, and Daniel Weagley.
The horizontal agency problem and how China deals with it
Fuxiu Jiang and Kenneth A. Kim explore China's horizontal agency problem on the OUPblog.
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