News Archive - The American Finance Association

Journal of Finance Webinar: 2025 Brattle Prize

Annette Clark — Mon, 23 Mar 2026 19:16:08 +0000

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.

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JF Referee Honorarium & Credit Policy Updates

Emma Washburn — Fri, 13 Mar 2026 20:44:02 +0000

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.

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AFA 2027 Annual Meeting Submissions – Closed

Annette Clark — Tue, 24 Feb 2026 18:08:07 +0000

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.

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Future of Finance Award planned for 2027 Annual Meetings

Annette Clark — Fri, 23 Jan 2026 20:13:40 +0000

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).

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Inaugural Rick Green Prize awarded to Indira Puri

Annette Clark — Mon, 19 Jan 2026 16:23:30 +0000

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.

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Congratulations to the 2025 Journal of Finance Prize Winners

Annette Clark — Fri, 16 Jan 2026 17:50:45 +0000

Dimensional Fund Advisors Prize

First Prize to Sylvain Catherine, Max Miller, and Natasha Sarin for Social Security and Trends in Wealth Inequality in the June issue.
Distinguished Paper to Christopher Schwarz, Brad Barber, Xing Huang, Philippe Jorion, and Terrance Odean for The “Actual Retail Price” of Equity Trades in the October issue.
Distinguished Paper to Ran Duchin, Janet Gao, and Qiping Xu for Sustainability or Greenwashing: Evidence from the Asset Market for Industrial Pollution in the April issue.

Brattle Group Prize

First Prize to Julia Fonseca and Lu Liu for Mortgage Lock‐In, Mobility, and Labor Reallocation in the December 2024 issue.
Distinguished Paper to Gerard Hoberg and Gordon M. Phillips for Scope, Scale, and Concentration: The 21st‐Century Firm in the February issue.
Distinguished Paper to Joseph Kalmenovitz, Michelle Lowry, and Ekaterina Volkova for Regulatory Fragmentation in the April issue.

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Jay Ritter selected as new AFA Fellow

Annette Clark — Wed, 07 Jan 2026 19:46:42 +0000

The American Finance Association is pleased to announce that Professor Jay Ritter has been named the 2026 Fellow of the American Finance Association, one of the Association’s highest honors recognizing individuals who have made distinguished and lasting contributions to the field of finance. Professor Ritter earned his bachelor’s, master’s, and PhD degrees from the University of Chicago and, until transitioning to emeritus status in 2024, served as the Joseph B. Cordell Eminent Scholar at the University of Florida; he now directs the IPO Initiative at the University’s Warrington College of Business. With more than 61,000 citations, his research has profoundly influenced both academic scholarship and practice, spanning topics such as capital formation, IPO underpricing and long-run performance, investment banking, capital structure, behavioral finance, and market anomalies. Widely known as “Mr. IPO,” Professor Ritter is also recognized for his exceptional service to the profession, including the creation and ongoing maintenance of a publicly accessible IPO data resource that has supported countless academic studies, dissertations, policy analyses, and media reports, as well as his mentorship of generations of students and scholars worldwide.

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Journal of Finance: Insights and Perspectives – Submission Portal Now Open

Annette Clark — Mon, 05 Jan 2026 18:30:53 +0000

The Journal of Finance: Insights and Perspectives publishes leading research across all the major fields of financial research. Insights articles are of the same quality and importance as those in the Journal of Finance when their key insight can be conveyed succinctly. Perspectives articles synthesize active lines of research and outline promising future research directions. The journal will publish four issues per year on a broad range of topics. We look forward to reading your submissions soon.

Submission Guidelines

Overview and Editorial Board

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AFA 2025 Election Results

Annette Clark — Tue, 25 Nov 2025 22:29:29 +0000

Congratulations to the officers and directors elected in the AFA 2025 election:

President: Wei Jiang,
President Elect and 2027 Program Chair: Sydney Ludvigson,
Vice President: Andrea Eisfeldt,
Directors: Mariassunta Giannetti, Xavier Giroud, and Hanno Lustig.

The post AFA 2025 Election Results appeared first on The American Finance Association.

AFA Elections

Annette Clark — Thu, 13 Nov 2025 13:14:49 +0000

The 2025 AFA elections are open through Friday, November 14^th. All voting-eligible members were sent a link to the ballot via email on October 16th. If you joined or renewed your membership after that date, or if you did not receive the ballot email but believe that you should have, please contact info@afajof.org. Note that student members and individuals with a Worldwide Directory of Finance Faculty listing, but without a current, paid membership, are not eligible to vote.

The 2025 election ballot provides an opportunity to:

Vote for incoming Officers and Directors
Suggest names for future elections and AFA committees

Thank you for your membership and participation in the AFA. Be sure to cast your ballot by Friday, November 14^th, 2025.

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