Journal of Financial Economics

Journal of Financial Economics is a leading peer-reviewed journal in finance and business research founded in 1974. The publication has shaped debates involving Eugene Fama, Michael Jensen, Merton Miller, Myron Scholes, Fischer Black, Robert Merton and influenced policy at Federal Reserve Bank of New York, Securities and Exchange Commission, Bank for International Settlements, World Bank and International Monetary Fund. It is published by Elsevier and read by scholars at Harvard University, Stanford University, University of Chicago, Massachusetts Institute of Technology, London School of Economics.

History

The journal was established in 1974 by founders including Michael C. Jensen, Eugene Fama, Merton Miller and early editorial contributors associated with University of Chicago Booth School of Business, Harvard Business School, Columbia Business School, London Business School and Wharton School. Its early volumes published foundational work connected to Modigliani–Miller theorem, Capital Asset Pricing Model, Efficient-market hypothesis, Black–Scholes model and debates involving scholars such as Fischer Black, Myron Scholes, Robert Merton, Kenneth French and Richard Roll. Over subsequent decades the journal intersected with institutional developments at National Bureau of Economic Research, American Finance Association, European Finance Association, Journal of Political Economy and Review of Financial Studies while expanding editorial ties to INSEAD, Columbia University, New York University, University of Pennsylvania and University of California, Berkeley.

Scope and Editorial Policy

The journal focuses on empirical and theoretical papers on corporate finance, asset pricing, market microstructure and behavioral finance, publishing work by authors at Harvard University, Stanford University, Princeton University, Yale University, University of Michigan and Duke University. Its editorial policy emphasizes rigorous econometric methods associated with James Heckman, Clive Granger, Robert Engle, Christopher Sims and provenance in datasets from Compustat, CRSP, Worldscope, Thomson Reuters and Bloomberg L.P.. The review process engages referees from American Finance Association, Econometric Society, Royal Economic Society, Society for Financial Studies and editorial boards linked to Journal of Econometrics, Journal of Financial and Quantitative Analysis, Review of Economics and Statistics and Journal of Monetary Economics.

Abstracting and Indexing

The journal is indexed in major bibliographic databases including Science Citation Index, Social Sciences Citation Index, Scopus, EBSCOhost, ProQuest and SSRN. Its impact metrics are tracked by Journal Citation Reports, Eigenfactor Project, Google Scholar and SCImago Journal Rank, and citations often appear in policy reports issued by Federal Reserve Board, European Central Bank, International Monetary Fund, Organisation for Economic Co-operation and Development and World Bank.

Notable Articles and Influence

Seminal articles published in the journal include contributions that advanced theories related to agency theory by Michael Jensen, empirical tests of the capital asset pricing model associated with Eugene Fama and Kenneth French, studies on market microstructure referencing Kyle model work by Albert Kyle, analyses of corporate payout policy citing Stewart Myers, investigations into capital structure building on Modigliani–Miller theorem, and influential event-study methodologies tied to Eugene Fama, Kenneth French, Lars Peter Hansen and Clifford Asness. The journal’s articles have been cited in major court cases, testimonies before United States Congress, deliberations at European Parliament, regulatory reforms by Securities and Exchange Commission, Commodity Futures Trading Commission and central bank policy papers from Bank of England and Federal Reserve Bank of San Francisco.

Editorial Board and Publication Details

The editorial board has included prominent editors affiliated with Harvard Business School, Stanford Graduate School of Business, Chicago Booth School of Business, Columbia Business School and Wharton School, and frequent referees drawn from National Bureau of Economic Research, American Finance Association, Econometric Society, Royal Economic Society and European Finance Association. The journal is produced monthly by Elsevier with a submission and peer-review workflow managed through platforms used by ScienceDirect and editorial management tools common to Academic Press titles. Publication formats include print ISSN series recorded with Library of Congress and online archives accessible through institutional subscriptions at JSTOR and EBSCOhost.

Category:Finance journals