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2010 News Archive

December 14 , 2010:

We would like to thank the many authors that submitted articles to the RFS via the dual review system with the Utah Winter Finance Conference. As of now all of the decision letters have gone out. If you have not heard from the RFS please contact us as soon as possible.

December 12, 2010:

The 2011 SFS Finance Cavalcade is now accepting submissions! This five day event will combine the best of a small conference along with the benefits of a large one. Current plans call for 30 papers with six presentations per day. This will allow enough time for authors to present a paper’s details and for a thorough audience discussion. With five days available papers will also cover a wide variety of topics. In short there should be some set of days with articles close to your own research interests!

October 13 , 2010:

The Sixth Joint Conference on Financial Intermediation will be held on November 4-5, 2010 in New York. The registration deadline is Monday, November 1, and seating is limited. Please register at:

September 22, 2010:

The Review of Corporate Finance Studies (RCFS) now accepts manuscripts for consideratin for publication. RCFS, a new journal owned by the Society for Financial Studies, aims to become the premier journal in Corporate Finance, broadly defined, by publishing theoretical, empirical, and experimental research of the highest quality.

September 21, 2010:

We would like to thank the many authors that submitted articles to the RFS via the dual review system with the Freiburg University conference. As of now all of the decision letters have gone out. If you have not heard from the RFS please contact us immediately as it means something has gone wrong. To all of those that sent in articles, we want to apologize for the length of time it took from the submission deadline until today when the decision letters were sent out.

September 14, 2010:

The SFS is pleased to announce the hosts for the 2011 and 2012 Finance Cavalcade! The University of Michigan at Ann Arbor has kindly agreed to host the 2011 conference and the University of Virginia the 2012 conference.

Everyone associated with the SFS has been heartened by the number of bids that we received and the enthusiasm the profession has shown for this endeavor. We are sure this will translate in a very successful meeting next year and the years to come. For those interested in hosting future Finance Cavalcades next summer we hope to solicit bids for the 2013 conference.

September 13, 2010:

For those waiting to hear about their dual review submissions to the Freiburg conference our apologies for the lengthy delay. But as of today the RFS editors have yet to receive copies of the papers. As soon as we do we will do our best to send out decisions within a week.

Send comments regarding this web page to Matthew Spiegel.

August 13, 2010:

The RFS is pleased to welcome our newest assistant editor Erin Schwartz! We are confident she will do an excellent job and wish her every success as she starts her new position.

August 12, 2010:

The RFS is pleased to welcome our newest editor Andrew Karolyi! We are confident he will do an excellent job and wish him every success as he starts his term.

August 4, 2010:

Next year the SFS will launch its first ever week long Finance Cavalcade. Our goal is to provide a setting that produces the kind of participation you see at smaller conferences but yet accommodates the variety of papers you find at the larger ones. As currently envisioned the conference will run from Monday May 23 to Friday May 27. The early days will be devoted to corporate finance papers and the latter ones to those in asset pricing. This conference is a joint project of the Review of Financial Studies, the Review of Corporate Finance Studies, and the Review of Asset Pricing Studies. We are now soliciting bids from schools that are interested in acting as hosts. At a minimum, bids must include classroom commitments for the entire week as well as projectors and other equipment necessary to facilitate presentations. If you are interested in either submitting a proposal or obtaining additional information contact either Matthew Spiegel, Paolo Fulghieri, or Wayne Ferson.

July 29, 2010:

The RFS is looking to add freelance technical paper copy editors. If you know somebody in the area please contact Matthew Spiegel.

July 21, 2010:

Coming soon a new slimed down RFS! It has taken some time but we have finally managed to whittle down the backlog to about six months. That is where we hope to keep it and the new slimmer issues should do that.

July 6, 2010:

The SFS is currently in the process of moving its back office operations to a permanent setting that will ultimately be independent from any university. As you may know by now, the SFS will soon have three journals under its publication umbrella. With editors coming and going, from potentially the world over, the board felt it was time to find the back office its own permanent home. Like any transition this one will take time and undoubtedly glitches will occur. Please bear with us while we work out all of the bugs. To facilitate the transition the SFS will not be issuing any checks until all of the accounting has been transferred. We expect this to occur sometime in mid to late August. So if the SFS owes you money for a referee report or any other reason please be patient. You should get paid in full by early September. Thank you in advance for your patience.

June 29, 2010:

As of July 1 Paolo Fulghieri will retire from his position as editor at the RFS. But our loss is the profession’s gain. On that day, Professor Fulghieri will become the first executive editor of the Review of Corporate Finance Studies! Our best wishes go with him and the journal as they seek to create a new “A” level outlet for the profession. The SFS and the editorial board of the RFS are committed to doing everything in our power to help guarantee the new journal’s success!

The RFS wants to extend its wholehearted thanks to our retiring Associate Editors Murillo Campello, Greg Duffee, Stefan Nagel, and Antonio Bernardo for their dedicated service over the past three years. At the same time we would like to welcome our new Associate Editors Amir Sufi, Stijn Van Niewerburgh, David Robinson, Dave Denis, Michelle Lowry, and Clemens Sialm to the the board. We look forward to working with them.

Congratulations to this year’s RFS award winners:

  • Michael J. Brennan Best Paper Prize
    • First Prize: Simi Kedia and Thomas Philippon for their article, “Economics of Fraudulent Accounting.”
    • Second Prize: Mitchell A. Petersen for his article, “Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches.”
  • Young Researcher Prize: Snehal Banerjee for his article, “Learning from Prices and the Dispersion in Beliefs.”
  • Outstanding Referee Award goes to Heitor Almeida for his tireless work on behalf of the RFS.
  • A single award to honor those who contribute their time far above and beyond the call of duty to the RFS misses the many individuals deserving recognition for their efforts. The RFS is thus also pleased to announce that this year’s Distinguished Referee Awards have been awarded to: Stijn Van Nieuwerburgh, Murillo Campello, Rajesh Aggarwal, Nicolas Bollen, Lu Zhang, Massimo Massa, and Martijn Cremers.

June 2, 2010:

It has been about five years since the RFS last increased the submission fee. Since then inflation has apparently eroded the value of what we pay referees for timely reports to the point where review times are starting to slip. Unfortunately, we can only pay our referees more if we increase our submission fees. Thus with some reluctance starting July 1, 2010 the submission fee for SFS members will increase by $25 to $200 and for nonmembers to $260. If you subscribe to the RFS or have submitted a paper in the past year you are a member of the SFS.

April 22, 2010:

The RFS has now completed its transition to a new privately managed server. Why does this matter? In the past when the journal’s editorial back office has moved the server used by the web site moved with it. Given the amount of material now on our web site any move at this point would be a complex affair and likely lead to shutdowns and other problems. By using an off campus private server that issue is now behind us. The last part of the transfer occurred today with the switch to a forum on our new host. Unfortunately, we were unable to move the old forum’s data with us. That means the old discussion threads were lost and that you will have to register with the new forum if you wish to post.

To help get the forums going again the journal’s executive editor Matthew Spiegel has posted proposed wording for a new policy requiring authors of RFS articles to make their data publicly available. We encourage you to comment on the proposal and hopeful help us improve upon it.

March 18, 2010:

The script that updates the figures on the home page has been fixed. The numbers that are up, as of today, are correct.

March 11, 2010:

It appears that our database code has ceased running properly. Until the problem is fixed the acceptance rate you see on the home page will be substantially off. It is actually about 8.8% not the 3+% shown now.

March 8, 2010:

Should the RFS adopt a policy requiring authors to make their data available to the profession as a condition of publication? There are many pros and cons to this. Prior to adopting a policy, if any, we would welcome an opportunity to obtain your views in the RFS Forum.