News Archive - The American Finance Association

Journal of Finance Webinar: 2025 Brattle Prize

We hope you will join us on May 7 at 1:00 pm (Eastern Time) for a one-hour webinar of the 2025 First Prize Brattle Group Prize winning paper:

Julia Fonseca and Lu Liu for Mortgage Lock‐In, Mobility, and Labor Reallocation.

The webinar will be hosted by Thomas Philippon, Editor of the Journal of Finance, and Shastri Sandy from The Brattle Group. A short paper presentation will be followed by Q&A from the hosts and the audience.

JF Referee Honorarium & Credit Policy Updates

New Journal of Finance Referee Honorarium Policy (Effective April 1, 2026): Referees who submit reports certified by the Editor as both timely and high-quality are eligible for a $250 honorarium. To simplify administration and ensure professional tax compliance, reviewers are required to select their preferred compensation method at the time they accept an invitation to review.

Selection Window: Elections must be made via the secure AFA portal within 60 days of accepting the review invitation.

Default Treatment: If no election is made within this 60-day window, the honorarium will be automatically waived and retained by the AFA General Fund to support its mission-based activities, including educational programming and member services.

The official honorarium policy can be found here.

Resolution of Legacy Referee Credits: The American Finance Association (AFA) has amended the Journal of Finance Referee Credit Policy to resolve all outstanding legacy credits accrued under the previous system.

On April 1, 2026, all reviewers with accrued credits will be notified directly via email with specific instructions for the final disposition of their balances. Many of our reviewers choose to reinvest their honoraria into the profession; available options for these legacy credits include:

Cash Payout: An electronic payment via PayPal (subject to standard tax documentation requirements).

Philanthropic Reinvestment: A directed contribution to the AFA APC Support Fund or the Rick Green Prize Fund, supporting the next generation of scholars.

Fee Waiver: A tax-neutral election to decline the credit in favor of the AFA General Fund. Per the policy amendment, any credits not claimed or allocated by the May 31, 2026 deadline will be formally waived and removed from the AFA’s financial records.

AFA 2027 Annual Meeting Submissions – Closed

The AFA Annual Meeting Paper Submission Website is now closed. The submission deadline was Monday, March 16th at 3:00 PM (ET). There is no paper submission fee. Please note that (1) the submitting author must be an AFA member and (2) you may only submit one paper (although you can be a coauthor on other submitted papers).

The 2027 Annual Meeting will include a Future of Finance Award and Special Session highlighting research by early-career scholars who earned their PhD within the past six years. Papers considered for the award will be both innovative and creative, and challenge existing approaches in financial economics. Up to four papers will be selected. To be considered for the award, authors must submit their papers for the AFA Annual Meeting and indicate in the submission form that they would like to be considered for this award.

See the Annual Meeting page for more details.

Future of Finance Award planned for 2027 Annual Meetings

The AFA Board of Directors has approved a new award for researchers who completed their PhD no more than 6 years ago. The Future of Finance Award will recognize those who have written a paper that is both innovative and creative, and that challenges existing approaches in financial economics. These criteria include novel methodology (including theory and econometrics) and interdisciplinary approaches.

Authors must submit their papers for the AFA Annual Meeting and indicate in the submission form that they would like to be considered for this award (the paper submission site will open in mid-February and close on March 16). The submitting author must indicate the PhD year for all authors on the paper. If any author received their PhD more than 6 years prior, the paper is ineligible for consideration.

Up to four papers will be selected and featured in a special “Future of Finance” Session at the AFA Annual Meeting. Authors of the selected papers will be invited to submit their paper to the Journal of Finance with the guarantee that the paper will not be desk-rejected. If the paper is published in the Journal of Finance, it will automatically be entered in the short-list of papers considered for the Rick Green prize (conditional on meeting all prize requirements).

Inaugural Rick Green Prize awarded to Indira Puri

The AFA is pleased to congratulate Indira Puri, the inaugural recipient of the Rick Green Prize, for her paper “Simplicity and Risk”, published in the April 2025 issue of the Journal of Finance.

Indira Puri is an Assistant Professor of Finance at the NYU Stern School of Business and a Faculty Affiliate in the NYU Department of Economics. Her research examines decision-making in financial markets, with a particular focus on revisiting foundational results in finance. Puri earned a B.A.S. in Mathematics and Economics from Stanford University in 2017, an M.S. in Computer Science from Stanford in 2019, and a Ph.D. in Economics from MIT in 2023. She has received numerous honors, including the Yuki Arai Prize, the Top Finance Graduate Award, and the Paul & Daisy Soros Fellowship.

The Rick Green Prize promotes the work of early-career researchers. The prize is dedicated to Rick Green, an esteemed former editor of the Journal of Finance known for his unwavering support of students and junior faculty. Eligible papers are those published in the Journal of Finance where all researchers are less than 7 years out from their PhD graduation at the time of paper submission. The prize is awarded annually.