The Journal of Finance publishes leading research across all the major fields of finance. It is one of the most widely cited journals in academic finance, and in all of economics. Each of the six issues per year reaches over 8,000 academics, finance professionals, libraries, and government and financial institutions around the world. The journal is the official publication of The American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics.
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What Are the Research Standards for Full Professor of Finance?
Published: 12/17/2002 | DOI: 10.1111/0022-1082.00043
Raymond P. H. Fishe
Based on a sample of 126 recently promoted faculty, different standards for full professor are observed between top 20 finance departments and lower ranked departments. Full professors affiliated with a top 20 department place an average of 1 out of 3 articles in either Journal of Finance, Review of Financial Studies, or Journal of Financial Economics compared to 1 out of 6 articles for professors at lower‐ranked schools. Total citations and cites per year are also significantly different between top‐ and lower‐ranked departments, but total articles and articles per year are not significantly different between these two groupings.
The Behavior of Bid‐Ask Spreads and Volume in Options Markets during the Competition for Listings in 1999
Published: 11/07/2003 | DOI: 10.1046/j.1540-6261.2003.00611.x
Patrick De Fontnouvelle, Raymond P. H. Fishe, Jeffrey H. Harris
In August 1999, U.S. exchanges began to compete directly for order flow in many options that had been exclusively listed on another exchange, shifting 37% of option volume to multiple‐listing status by the end of September. Effective and quoted bid–ask spreads decrease significantly after multiple listings with spreads generally maintaining their initial lower levels 1 year later. These results hold for both time series and pooled regressions and are robust. We reject that economies of scale in market making cause the decrease in spreads and support the view that interexchange competition reduces option transaction costs.