The Society for Financial Studies (SFS) is a global, nonprofit, academic society in the field of finance. It owns and runs three academic journals: (1) the Review of Financial Studies, (2) the Review of Asset Pricing Studies, and (3) the Review of Corporate Finance Studies. It organizes the SFS Cavalcade North America and the SFS Cavalcade Asia-Pacific, which are annual academic conferences. It financially supports and co-sponsors many independent finance academic conferences. Its governing board is the nine-member, SFS Council.
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History
The Society for Financial Studies was incorporated as a nonprofit corporation in California in 1987. Its initial purpose was to own and run a new academic journal, which was called the Review of Financial Studies (RFS). The founding officers of SFS were Joseph Williams (President), George Constantinides (Vice President), and Mark Weinstein (Secretary/Treasurer). The founding editor of the Review of Financial Studies was Michael Brennan. The founding publisher was Oxford University Press, which has continued to publish RFS up to the present day.
Review of Financial Studies
The Review of Financial Studies is an academic journal that covers the field of finance. It began publication in 1988 with 18 regular research articles spread out over 4 quarterly issues. In 2016, it published 90 regular research articles spread out over 12 monthly issues. According to Journal Citation Reports, it has a 2015 citation impact factor of 3.119. It is one of the top-three academic journals in finance, along with the Journal of Finance and the Journal of Financial Economics. Its past issues are archived by JSTOR. The current editorial team is Andrew Karolyi (Executive Editor), Francesca Cornelli, David Denis, Itay Goldstein, Robin Greenwood, Wei Jiang, Philip Strahan, and Stijn Van Nieuwerburgh.
Review of Asset Pricing Studies
The Review of Asset Pricing Studies is an academic journal that covers the finance sub-field of asset pricing. It began publication in 2011. It is published by Oxford University Press. It has an unofficial citation impact factor of 1.834 based on the same methodology as Journal Citation Reports. The current editorial team is Wayne Ferson (Executive Editor), Thierry Foucault, Jeffrey Pontiff, and Raman Uppal.
Review of Corporate Finance Studies
The Review of Corporate Finance Studies is an academic journal that covers the finance sub-field of corporate finance. It began publication in 2012. It is published by Oxford University Press. It has an unofficial citation impact factor of 1.000 based on the same methodology as Journal Citation Reports. The current editorial team is Paolo Fuighieri (Executive Editor), Efraim Benmelech, Gregor Matvos, and Uday Rajan.
SFS Cavalcade North America
The SFS Cavalcade North America is an annual academic conference held in North America covering the field of finance. The inaugural Cavalcade in 2011 was hosted by the Ross School of Business at the University of Michigan with a program that contained 42 papers. The 2016 Cavalcade was hosted by the Rotman School of Management at the University of Toronto with a program that contained 105 papers. It featured a breakfast meeting by AFFECT (Academic Female Finance Committee) and a special session in memory of Kent Womack. According to a comparison of 45 academic finance conferences by Reinartz and Urban (2015), "The Society for Financial Studies (SFS) Finance Cavalcade conference is the best large finance conference according to subsequent publication rates in TOP3 finance journals." The 2017 Cavalcade will be hosted by the Financial Markets Research Center at the Owen Graduate School of Management at Vanderbilt University. The current conference chairs are Heitor Almeida (Chair), Amir Yaron (Vice Chair), Antoinette Schoar (Associate Chair), and Laura Starks (SFS Advisory Chair).
SFS Cavalcade Asia-Pacific
The SFS Cavalcade Asia-Pacific is an annual academic conference to be held in Asia-Pacific covering the field of finance that is currently being organized. The inaugural Asia-Pacific conference will be hosted by PBC School of Finance at Tsinghua University in Beijing, China in December 2017.
SFS Council and Member Communications
The SFS Council is the governing board of SFS. It includes three SFS officers and six councilors. The current SFS officers are Matthew Spiegel (President), Laura Starks (Vice President), and Craig Holden (Secretary/Treasurer). The six councilors are Adlai Fisher (Council Chair), Alex Butler, Amy Dittmar, Jennifer Huang, Raman Uppal, and Josef Zechner. SFS holds an annual membership meeting each year at the SFS Cavalcade North America. At that meeting, the SFS officers, SFS journal executive editors, and the SFS Cavalcade chair report on SFS activities to the membership. SFS emails a newsletter describing SFS activities on an approximately monthly basis to 2,500 friends and members worldwide.